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F ederal R eser v e Bank OF DALLAS WILLIAM H. WALLACE March 7, 1986 DALLAS. TEXAS 75222 F IR 5 T V IC E P R E S ID E N T C ir c u la r 86-24 TO: All depository i n s t i t u t i o n s and others concerned in the Eleventh Federal Reserve D i s t r i c t SUBJECT D iscount r a t e change DETAILS The Board of Governors of the Federal Reserve System approved ac tion by the Board of Directors of the Federal Reserve Bank of Dallas to decrease by one h a l f of one percent the basic discount r a t e . The r a t e s for temporary seasonal c r e d i t and oth er extended c r e d i t also were decreased by one h a l f of one percent. These r u lin g s become e f f e c t i v e March 7, 1986. P rinted on the re verse of t h i s c i r c u l a r is a copy of Supplement A to B u l l e t i n 2 which contains the c u r r e n t r a t e schedule in e f f e c t a t t h i s Bank. This supplement should be i n s e r t e d in Volume 1 of the Regulations Binders and the supplement dated May 20, 1985 should be removed. MORE INFORMATION For f u r t h e r information, please co ntact Je ss e D. Sanders or Finlay R. Higgins of t h i s Bank's Loan Department a t (214) 651-6240. S in cerely your s, For additional copies of any circular please contact the Public Affairs Department at (214) 651-6289. Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank (800) 442-7140 (intrastate) and (800) 527-9200 (interstate). 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 ra te s w ith resp ect to discounts and advances under the Federal Reserve Act and Regulation A are now in effect a t this Bank: Rates on Discounts and Advances Per Annum Effective from Basic rate: short-term adjustm ent credit under 201.3(a) and regular seasonal credit under 201.3(b) (1) of Regulation A1..................................................................... 7% M arch 7, 1986 Tem porary seasonal credit under 201.3(b) (1) of Regulation A ......................................................................... 7Vz% M arch 7, 1986 First 60 d a y s ..................................................................... 7% M arch 7, 1986 N ext 90 d a y s ..................................................................... 8% M arch 7, 1986 T h e re a fte r......................................................................... 9% M arch 7, 1986 O ther extended credit under 201.3(b) (2) of Regulation A (special circum stances credit and credit for institutions under sustained liquidity pressures)2 1 This is also the discount ra te for 90-day commercial p aper and other p aper eligible for discount. 2 At the discretion of the Federal Reserve Bank of Dallas, in cases w here credit is anticipated to be outstanding for prolonged periods and in relatively large amounts, the time period for each ra te in the extended credit ra te structure may be shortened. This Bank also may apply a flexible ra te th a t takes into account ra te s on m arket sources of funds. The flexible ra te will not be lower than the basic ra te plus one percentage point. 3-07-86 A-l
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