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FEDERAL RESERVE BANK
OF NEW YORK
r Circular No. 1686T
L July 22, 1986 J

SUPPLEMENT TO REGULATION D
Reserves Required to Be Maintained by Member Banks
With Federal Reserve Banks After the Close
of Business August 15, 1936

To each Member Bank in the
Second Federal Reserve District:

Enclosed is a printed copy of the supplement to Regulation D adopted by
the Board of Governors of the Federal Reserve System on July 14, 1936, effective as to each member bank after the close of business August 15, 1936, increasing the reserves required to be maintained by member banks with Federal Reserve banks as follows: on demand deposits at banks in central reserve cities,
from 13 percent to 19% percent; at banks in reserve cities, from 10 percent to
15 percent; and at "country" banks, from 7 percent to 10% percent; on time
deposits at all banks, from 3 percent to 4% percent. A copy of the Board's
statement made public on July 15, 1936, with respect to the action taken by the
Board on July 14, 1936, increasing the reserve requirements for member banks
after the close of business August 15, 1936, was transmitted to you with our
Circular No. 1684, dated July 16, 1936.
A new supply of forms for use in reporting your net demand and time deposits and reserves required to be maintained against such deposits will be sent
to you prior to August 15, 1936.




GEORGE L. HARRISON",

President.

BOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM

SUPPLEMENT TO REGULATION D

Effective as to each member bank after the close of business
August 15, 1936

Reserves required to be maintained by member banks with
Federal Reserve banks

Pursuant to the provisions of section 19 of the Federal Reserve
Act and section 2 (a) of its Regulation D, the Board of Governors
of the Federal Reserve System hereby increases by 50 per cent the
percentages of time deposits and net demand deposits set forth in
paragraphs (a), (b), and (c) of section 19 of the Federal Reserve
Act and section 2 (a) of Regulation D which each member bank is
required to maintain on deposit with the Federal Reserve bank of its
district.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102