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F ederal R eserve Bank of Dallas
DALLAS, TEXAS

75222

C i r c u l a r No. 78-147
O ctober 16, 1978

IMPLEMENTATION OF THE
TREASURY T A X AND LOAN INVESTMENT PROGRAM

TO THE CHIEF EXECUTIVE OFFICER,
EACH BANK IN THE ELEVENTH
FEDERAL RESERVE D IS T R IC T:
On October 12, 1978, Paul T a y lo r , Fiscal Assistant S e creta ry , announced
that the Congress had app ro priated the necessary funds to cover the fee payments to
be paid depositaries under the T r e a s u r y T a x and Loan Investment Program . Accord­
in g ly , the T r e a s u r y w ill implement the T r e a s u r y T a x and Loan Investment Program
as of the opening of business on November 2, 1978.
Also, effective November 2, 1978, the T r e a s u r y w ill amend its regulations,
i . e . , 31 CFR Part 203, to extend from one year to two years the m aturity limitation of
the collateral security accepted under Subparagraph 9 of § 2 03 .15 (D ) ( i . e . . Commer­
cial and A g ric u ltu ra l Paper and Bankers' Acceptances) .
Since the implementation date of the program is d e fin ite , please remind the
a p p ro p ria te personnel in you r bank of the importance of submitting the deposits tim ely
and acc u ra te ly . Delayed deposits or e r r o r s w ill resu lt in eith er late charges or ad d i­
tional interest expense for you r organization.
Should you have any questions reg a rd in g the new procedures, please call:
Dailas Office
El Paso Office
Houston Office
San Antonio Office

Jack A . Clym er or T r u d y Lanphier
J e r r y S ilvey or Joel L. Koonce
James Lockhart, Onezia Donaldson,
or Sammie Clay
Tony Valencia or Thomas C . Cole

E x t. 6340 or 6341
(915)
544-4730
(713)
659-4433
(512)

224-2141

Additional copies of this c ir c u la r w ill be furnished upon request to the Fiscal
Agency Department at the Dallas Office, Ext. 6341.
S in ce re ly y o u rs ,
Robert H . Boykin
First V ice President

Banks and others are encouraged to use the fo llo w in g incom ing W ATS numbers in contacting this Bank:
1-800-492-4403 (intrastate) and 1-800-527-4970 (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)


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