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ROBERT D. M c T E E R , J R . P R E S ID E N T A N D C H IE F E X E C U T IV E O F F IC E R DALLAS, TE XAS July 27, 1995 75265-5906 Notice 95-69 TO: The Chief Executive Officer of each financial institution in the Eleventh Federal Reserve District SUBJECT Amendments to Regulations A and D DETAILS The Board of Governors of the Federal Reserve System has published amendments in slip-sheet form to Regu lation A (Extensions of Credit by Federal Reserve Banks), effective February 1995, and Regulation D (Reserve R equire ments of Depository Institutions), effective December 1994. The new slip sheets should be inserted in your Regulations binder. ENCLOSURES The new slip sheets are enclosed. MORE INFORMATION For more information regarding Regulation A, please contact the Discount and Credit D epartm ent at For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal Reserve Bank of Dallas: Dallas Office (800) 333-4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012; Houston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) - 2 - (214) 922-5333. For more information regarding Regulation D, please contact the Reserve and Risk M anagement Division at (214) 922-5646. For additional copies of this Bank’s notice and the slip sheets, please contact the Public Affairs Departm ent at (214) 922-5254. Sincerely yours, Board o f Governors of the Federal Reserve System Amendments to Regulation A Extensions of Credit by Federal Reserve Banks May 1995* 1. E ffe c tiv e F e b r u a r y 13, 1995, se c tio n 201 .5 1 h a s b e en a m e n d e d to re a d as fo llo w s: SEC TIO N 201.51— A djustm ent C redit for D epository Institutions T he rates for adjustm ent credit provided to d ep o sito ry in stitu tio n s un d er section 201.3(a) are: Federal Reserve Bank Rate Effective Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis M inneapolis Kansas City Dallas San Francisco 5.25 5.25 5.25 5.25 5.25 5.25 5.25 5.25 5.25 5.25 5.25 5.25 February February February February February February February February February February February February 1, 1, 2, 9, 1, 2, 1, 1, 2, 1, 2, 1, 1995 1995 1995 1995 1995 1995 1995 1995 1995 1995 1995 1995 * A c o m p l e t e R e g u l a t i o n A , a s a m e n d e d e f f e c t iv e F e b r u ary 13, 1 9 9 5 . c o n s i s t s o f — • th e r e g u la t io n p a m p h le t d a te d fro n t c o v e r) an d • t h i s s l i p s h e e t. M ay 1994 (se e in s id e 2. E ffe c tiv e N o v e m b e r 18, 1994, se c tio n 20 1 .5 2 has b e en a m e n d e d to read as fo llo w s: SEC TIO N 201.52— Extended C redit for D epository Institutions (a) Seasonal credit. T he rate for seasonal credit extended to depository institutions under section 201.3(b) is a flexible rate that takes into account rates on m arket sources o f funds, but in no case w ill the rate charged be less than the rate for ad ju s tm e n t c re d it as se t o u t in se c tio n 201.51. (b) E xtended credit. For extended credit to d ep o sito ry in stitu tio n s u n d e r section 201.3(c), for credit outstanding for m ore th an 30 d a y s, a flexible ra te w ill be charged that takes into account rates on m arket sources o f funds, but in no case will the rate charged be less than the rate for adjustm ent credit, as set out in section 201.51, plus one-h alf percentage point. At the d isc re tio n o f the F e d e ral R e se rv e B ank, the 30 -d ay tim e p eriod m ay be shortened. Board o f Governors of the Federal Reserve System • Amendments to Regulation D Reserve Requirements of Depository Institutions May 1995* 1. E ffective D ecem b er 20, 1994, the table in section 204.9(a)(1) is am en d ed to read as fo llo w s: Category Reserve requirement* N ET TRANSACTION ACCOUNTS $0 to $54.0 million O ver $54.0 million 3% of amount $1,620,000 plus 10% of am ount over $54.0 million NONPERSO NA L TIM E DEPOSITS 07c EURO CU RREN CY LIABILITIES 07c * B e f o r e d e d u c t i n g th e a d j u s t m e n t t o b e m a d e b y f th e n e x t p a ra g ra p h . 2. E ffe c tiv e D e c e m b e r 20, 1994, se c tio n 204.9(a)(2) is a m en d ed by changing $4.0 m illion to $4.2 million. • * A c o m p le te R e g u la tio n D . as am en d ed e f fe c tiv e D e c e m b e r 2 0 . 1994. c o n s is ts o f— • t h e r e g u la t io n p a m p h le t d a te d A p r il 1983 (se e in s id e c o v e r) and • t h i s s l ip s h e e t. 1
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