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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)