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FED ER A L R E S E R V E B A N K O F D A L L A S Station K, Dallas, T e x a s 7 5 2 2 2 Circular No. 84-110 November 23, 1984 TO: All depository institutions and others concerned in the Eleventh Federal Reserve District ATTENTION: Chief Executive Officer SUBJECT: Discount Rate change SUMMARY: Effective November 21, 1984, the Board of Governors of the Federal Reserve System approved action by the Board of Directors of the Federal Reserve Bank of Dallas to decrease the Discount Rate. DETAILS: The Board of Governors of the Federal Reserve System approved action by the Board of Directors of the Federal Reserve Bank of Dallas to decrease by one half of one percent the basic discount rate. The rates for other extended credit also were decreased by one half of one percent. These rulings become effective November 21, 1984. Printed on the reverse of this circular is a copy of Supplement A to Bulletin 2 which contains the current rate schedule in effect at this Bank. This supplement should be inserted in Volume 1 of the Regulations Binders and the supplement dated April 9, 1984, should be removed. MORE INFORMATION: Loan Department, Extension 6241 ADDITIONAL COPIES: Public Affairs Department, Extension 6289 Banks and others are encouraged to use the follow ing incom ing WATS numbers in con tacting this Bank: 1-800-442-7140 (intrastate) and 1-800-527-9200 (interstate). For ca lls 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) BULLETIN 2 FEDERAL RESERVE BANK OF DALLAS Supplement A RATES FOR DISCOUNTS AND ADVANCES The following rates with respect to discounts and advances under the Federal Reserve Act and Regulation A are now in effect at this Bank: Rates on Discounts and Advances Per Annum Effective from 8 V2 % November 21, 1984 First 60 d a y s .................................................................. 8 Vi % November 21, 1984 Next 90 d a y s .................................................................. 9 V2 % November 21, 1984 T h e reafter....................................................................... 1 0 V2 % November 21, 1984 Basic rate: short-term adjustment credit under 201.3(a) and seasonal credit under 201.3(b)(1) of Regulation A1....................................................................... Other extended credit under 201.3(b)(2) of Regulation A (special circumstances credit and credit for institutions under sustained liquidity pressures) 1This is also the discount rate for 90-day commercial paper and other paper eligible for discount. 11-21-84 A-l
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