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F ederal Reserve Bank of Dallas

DALLAS. TEXAS

75222

Circular No. 71-290
December l6, 1971

AMENDMENT TO REGULATION Z
(Treatment of Leap Year)
POSTPONEMENT OF HEARING DATE - REGULATION Y
(Armored Car or Courier Services)

To All Banks, Other Creditors, and Others Concerned
in the Eleventh Federal Reserve District:
The Board of Governors of the Federal Reserve System
issued, effective December 31> 1971> an amendment to Section
226.6 of Regulation Z by adding a new paragraph (l) which will
permit creditors to ignore any variance in terms which occurs
as a result of leap year. A copy of the amendment is printed
on the reverse.
On November 29, 1971* there was transmitted to you
under Circular No. 71-28^- a proposed amendment to Regulation Y
to permit bank holding companies to engage in armored car or
courier services. In a subsequent action the Board has post­
poned, until January 19, 1972, a hearing to consider the
issues involved in this proposal.

Yours very truly,
P. E. Coldwell,
President

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