The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF N EW YORK J" Circular N o. 6 4 0 0 1 L September 9, 1969 J Amendments to Board of Governors’ Rules Regarding Delegation of Authority To All Member Banlcs, and Others Concerned, in the Second Federal Reserve D istrict: Enclosed is a copy of amendments, effective September 4, 1969, to the Rules Regarding Delegation of Authority of the Board of Gov ernors of the Federal Reserve System. The amendments delegate certain functions of the Board relating to administration of margin requirements (Regulations G, T, and U) as they apply to securities traded over-the-counter. Additional copies of the amendments will be furnished upon request. A lfred H ayes, President. B oard of G o v ern o rs o f t h e F e d e r a l R e s e r v e S y s t e m RULES REGARDING DELEGATION OF AUTHORITY AM ENDM ENTS Effective September 4, 1969, § 265.2(c) is amended by adding sub paragraph (13), and § 265.2(/) is amended by adding subparagraph (17), as follows: SECTION 265.2— SPECIFIC FUNCTIONS D ELE G A TE D TO BOARD EM PLOYEES AND F E D E R A L R ESERVE BAN KS * * * (c) The Director of the Division of Supervision and Regulation (or, in his absence, the Acting Director) is authorized: * * * (13) Under the provisions of §§ 2 0 7 .2 (/), 220.2(e), and 221.3 (d) of this chapter (Regulations G, T, and U, respectively), to approve issuance of the list of OTC margin stocks and to add, omit, or remove any stock in circumstances indicating that such change is necessary or appropriate in the public interest. » * # ( /) Each Federal Reserve Bank is authorized, as to member banks or other indicated organizations headquartered in its district: * * * (17) Under the provisions of § 207.1 (&) of this chapter (Regula tion G ), to approve applications for termination of registration by persons who are registered pursuant to § 207.1(a). PR IN TE D IN N E W YORK