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F e d e r a l R e s e r v e B a n k o f 'D a l l a s DALLAS, TEXAS 75222 Circular No. 80-180(A) September 19, 1980 MONETARY CONTROL ACT - RESERVE REPORTING TO THE CHIEF EXECUTIVE OFFICER OF AFFECTED COMMERCIAL BANKS, SAVINGS AND LOAN ASSOCIATIONS, CREDIT UNIONS, EDGE ACT AND AGREEMENT CORPORATIONS IN THE ELEVENTH FEDERAL RESERVE DISTRICT: On March 31, 1980 the Monetary Control Act of 1980 was enacted, extending reserve requirements to nearly all depository financial institutions. The Act requires your institution to file weekly data reports with a Federal Reserve Bank or Branch office. The Federal Reserve will use this information to compute the amount of reserves that your financial institution will be required to maintain. This procedure is described in Federal Reserve Regulation D which was distributed to your organization with our Circular 80-170 of September 9, 1980. Enclosed instruction booklet. are copies of two The forms are: Federal Reserve reporting forms, and an (1) Report of Transaction Accounts, Other Deposits and Vault Cash (FR 2900) (2) Report of Certain Eurocurrency Transactions (FR 2950) Your financial institution is required by Regulation D to begin filing the weekly FR 2900 with the Federal Reserve office indicated on the report form, effective for the reserve computation week of Thursday, October 30 through Wednesday, November 5, 1980. A copy of form FR 2950 must also be filed weekly if your institution had any eurocurrency borrowings during a reserve computation week, or if you are asked to file the form every week because of your occasional eurocurrency borrowings. A bulk supply of reporting forms, pre-addressed envelopes and additional information will be sent to your institution under separate cover. You should receive this material by October 15. The forms will be identical to those enclosed, except that identification labels will be affixed to the supply of FR 2900 forms. If there are any questions regarding the report forms orinstructions, they should be directed to the Statistical Department at the Dallas Office (214) 651-6141 or Ext. 6142; or to the Accounting Department at the Houston Office, (713) 659-4433; San Antonio Office, (512) 224-2141; or El Paso Office, (915) 544-4730. Sincerely yours, Ernest T. Baughman President Enclosures Banks and others are encouraged to use the following incoming W A T S numbers in contacting this Bank: 1-800-442-7140 (intrastate) and 1-800-527-9200 (interstate). For calls placed locally, please use 651 plus the extension referred to above. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)