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F ederal Ba n k reserve DALLAS. TE X A S Dallas of 75222 Circular No. 80-190 October 1, 1980 LEG A L P A S S -T H R O U G H TO TH E C H IE F TH E A G R EE M E N T A C C O U N TS E X E C U T IV E D E P O S IT O R Y ELEVENTH FE D E R A L In o rd er to w h ic h d e s ire th ro u g h O F F IC E R IN S T IT U T IO N (re s p o n d e n ts ) R e serve A T a c c o m m o d a te th e re in s titu tin g a p a s s -th ro u g h a rr a n g e m e n t. by c o rre s p o n d e n t. w ith S in c e th e F ed e ra l m a in ta in re s e rv e in s titu tio n s F ed e ra l such In a re s e rv e b a la n c e s one p a s s -th ro u g h th e of w ith of th e o f th e c o rresp o n d e n t is t o in t r i p l i c a t e , D is tric t th e m ay be to th e be to F ed eral re q u ire m e n ts to of ru le s D is tric t c o n s o lid a te th is in in a th e o ffic e T h e re fo re , re tu rn e d to th e co rre s p o n d e n t of th e th e its F ed eral ap p ro D to th e lo c a te d E le v e n th R e s e rv e o p tio n in H o w e v e r, th e a ll p a s s -th ro u g h p a s s -th ro u g h th e account a re F e d e ra l R e s e rv e D is tric t. d e s ig n a te w ith a g re e m e n t. R e g u la tio n s in g le o ffic e s to in te n tio n s .) e x e rc is in g m a in e le c t d e p o s ito ry p ro v id e d e fin e d is d ir e c tly m ay d ir e c tly th e ir and d e s ig n a te d a c c o u n ts w ith need w hose in itia te d its (N o n m e m b e r n o tific a tio n E le v e n th m a in ta in e d . th e in s titu tio n s b a s is . in s titu tio n s w ritte n E le v e n th in s titu tio n s to re s e rv e th e m s e lv e s re s p o n d e n ts s h o u ld b e w here th e ir d e p o s ito ry p a s s -th ro u g h th e s h o u ld fo rw a rd e d keep re s e rv e co rres p o n d en t a ll te rrito ry account c o m p le te d E le v e n th th e m m a in te n a n c e , p a s s -th ro u g h agreem ent and c o n cern d e p o s ito ry s e rv in g The p a s s -th ro u g h to d e p o s ito ry re s e rv e s is e n c l o s e d a p a s s - t h r o u g h a g r e e m e n t f o r m ust m a in ta in need acco rd an ce account th a n to not Bank re q u ire w h ic h d e s ire do a TH E re q u ire d nonm em ber on nonm em ber R e s e rv e re g a rd in g m o re b a la n c e s w h ic h banks o n ly IN nonm em ber in s titu tio n m em ber R e s e rv e , R e s e rv e H o w ever, p ria te resp o n d en t BANK D IS T R IC T : th o s e e x e c u te d RESERVE OF p a s s -th ro u g h a c o rre s p o n d e n t, th e E S T A B L IS H IN G FE D E R A L ADDRESSED RESERVE to FO R TH E D is tric t in a g re e m e n ts , o ffic e account is in th e to be m a in ta in e d . The ag reem en t c o m m in g le d c o m m in g le d c o m p le tio n a p p ro p ria te p a s s -th ro u g h w h e th e r w ith th e its account of th is F ed eral own fo r fo rm co rre s p o n d e n t p a s s -th ro u g h re s e rv e a ll of w o u ld R e serve account its be s h o u ld account or fo r is to re s p o n d e n ts . a p p re c ia te d o ffic e no la te r in d ic a te th e p a s s -th ro u g h re s p o n d e n ts is to be e s ta b lis h e d as a Your s in c e th a n on its it e x p e d itio u s m ust O c to b e r be 15, becom e s e p a ra te h a n d lin g re tu rn e d to and th e 1980. Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank: 1-800-442-7140 (intrastate) and 1-800-527-9200 (interstate). For calls placed locally, pleas e 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) 2 - Any be e ffe c te d n ear fu tu re . changes re s e rv e in It th e A n to n io in O ffic e , in or te rm in a tio n s acco rd an ce w ith s h o u ld b e n o t e d th a t p a s s -th ro u g h m a in te n a n c e If D a lla s changes o n ly you p e rio d s have (2 1 4 ) any - th e ag reem en t fo llo w in g q u e s tio n s , 6 5 1 -6 3 3 3 , or of B u lle tin any th e 4, re v is e d s h a ll re c e ip t p le a s e o ffic e r be of p a s s -th ro u g h w h ic h B u lle tin to 4 e ffe c tiv e th e c o n ta c t at is our p u b lis h e d w ill p ro v id e a fte r e x e c u te d R ic h a rd El ag reem en t be Paso, th re e in m ay th e th a t any c o m p le te le g a l a g re e m e n t. D. In g ra m at th e H o u s to n , or San B ran ches. S in c e re ly y o u rs , R o b e rt H. B o y k in F ir s t E n c lo s u re V ic e P r e s id e n t PASS-THROUGH AGREEMENT TO : FEDERAL RESERVE BANK OF DALLAS (F e d e ra l) [ ] Head Office [ ] E l Paso Branch [ ] Houston Branch [ ] San Antonio Branch The undersigned Respondent and Correspondent agree as follows: 1. Respondent hereby selects Correspondent to pass through Respondent's required reserves to Federal. 2. Respondent shall maintain its reserves in an account at Correspondent, and Correspondent shall pass through such reserves to an account at Federal established pursuant to t ] S 2 0 4 . 3 ( i ) ( 3 ) ( i ) ( A ) [ ] § 2 0 4 . 3 ( i ) ( 3 ) ( i ) [ ] S 2 0 4 . 3 ( i ) (3 ) (B) (iii) o r o r of Regulation D. 3. Regulation D (12 CFR Part 204) and Federal's Bulletin 4 as they now exist or are hereafter amended provide addi tional terms and conditions as to this agreement, and the parties agree to comply therewith. 4. This agreement may be terminated only in accordance with Bulletin 4. 5. Effective date to be supplied by Federal: (Respondent) (Correspondent) Address By Address By Title ' Date Title ~ Date ACCEPTED AND AGREED TO: FEDERAL RESERVE BANK OF DALLAS By_______________________________ Title _____________________________Date (Note: Prepare in triplicate. After execution by both Respondent and Correspondent, forward all copies to Federal for acceptance. Upon acceptance, Federal will supply an effective date and return one copy each to Respondent and Correspondent.)