Full text of District Notices (Federal Reserve Bank of Dallas) : Amendment to Supplement to Regulation D, Reserves of Member Banks, Circular No. 80-78

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 be­
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)