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FEDERAL. RESERVE BANK
OF DALLAS

Dallas, Texas, December 30, 1935

MODIFICATION OF REGULATION “ Q” AS REVISED

To The Member Bank Addressed:
I have just received a telegram from the Board of Governors of the
Federal Reserve System, dated December 28, 1935, which I quote below for
your information and guidance:
“ Pending action by the Federal Deposit Insurance Corporation
on its regulations relating to the payment of interest on deposits
by insured non-member banks, Board defers until such date as
may be fixed by further action of the Board the date upon which
Subsection (f), entitled ‘Interest/ of Section 1, of revised Regu­
lation Q, becomes effective. However, all provisions of Regulation
Q, other than Subsection (f) of Section 1, will become effective
January 1, 1936. Please advise all member banks in your district
to this effect without delay.”
Yours very truly,

Federal Reserve Agent

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)


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