The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
federal reserve Ba n k DALLAS. TEXAS of D allas 75222 Circular No. 80-78 April 21, 1980 AMENDMENT TO SUPPLEMENT TO REGULATION D RESERVES OF MEMBER BANKS TO ALL MEMBER BANKS AND OTHERS CONCERNED IN THE ELEVENTH FEDERAL RESERVE DISTRICT: Reference is made to President C arter's recently announced broad program designed to moderate and reduce inflationary forces in the United States economy. One of the highlights to the broad program is an increase in the marginal reserve requirement on increases in managed liabilities. In addition, the base for managed liabilities for those banks with a base in excess of $100 million will be reduced by the larger of 7 percent or by the amount of any reduction in a bank's foreign loans occurring since September 1979. However, in no case will the base be reduced below $100 million. In regard to the various changes involving the marginal reserve requirement, there is attached an amendment to the Supplement to Regulation D as amended effective for marginal reserves required to be maintained during the seven-day period beginning April 3, 1980, against total managed liabilities outstanding during the seven-day period beĀ ginning on March 20, 1980. Member banks and others who maintain a Regulations Binders should file this Supplement in their binders. The previous Supplement should be removed and destroyed. Questions regarding this revision should be directed to Allan Neale, Ext. 6334 and Bill Green, Ext. 6394, a t the Head Office or the Manager of the Accounting Departments a t our El Paso, Houston, or San Antonio Branches. Sincerely yours, Robert H. Boykin First Vice President Enclosure Banks and others are encouraged to use the following incoming W ATS 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)