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F ederal reserve bank of DALLAS, TEXAS Dallas 75222 C ircu lar No. 79-106 June 21, 1979 LOST AND STOLEN SECURITIES PROGRAM TO THE CHIEF EXECUTIVE OFFICER, EACH STATE MEMBER BANK IN THE ELEVENTH FEDERAL RESERVE DISTRICT: On May 23, 1979, the Securities and Exchange Commission adopted amendments to the Lost and Stolen Securities Program effective July 1, 1979. Previously, on July 31, 1978, the Commission had announced an extension in the Program's pilot period from December 31, 1978 until June 30, 1979 and, furtherm ore, had announced the redesignation of Securities Information Center, Inc. as the Commission's designee to maintain and operate the computerized data base for a period of two years beginning January 1, 1979. The amendments, among other things, create a central data base of missing, lost, counterfeit and stolen securities by providing for the merger of the separate data bases now maintained by the Federal Reserve Banks for U .S . Government and Agency securities and by Securities Information C enter, Inc. for all other securities. The merger of the data bases is expected to be com pleted by July 1, 1979 after which the central data base w ill be operated by Securities Information C enter, Inc. Enclosed is a copy of the Federal R egister notice announcing the amendments to the Lost and Stolen Securities Program. Please note that if your bank is already registered as a d irect in q u ire r, your bank must re register with Securities Information C enter, Inc. by July 15, 1979 by com pleting the registration form attached as an appendix to the release. The effective date of the new registration w ill relate back to July 1, 1979, the end of the pilot period. Reporting institutions already registered as direct in q u irers for 1979 w ill not be charged another annual fee when they re -re g is te r for the period beginning July 1, 1979. If, on the other hand, your bank is already registered as an indirect in q u ire r, the registration form is not re quired to be filed unless you wish to amend your p rio r registration to either update the information submitted or change your participation status from indirect to d irect in q u ire r . Banks and others are encouraged to use the following incoming WATS 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) - 2- It is important that those responsible for processing securities trans actions be fam iliar with these amendments to ensure compliance. For this reason, you w ill no doubt wish to apprise those departments of your bank like ly to be affected by the new amendments, e . g . , tru s t, investment, tran sfer, clearing, or dealer departments, and lending operations relating to collateral loans. Any questions you may have regarding the amendments or the opera tion of the Lost and Stolen Securities Program may be directed to Gregory C. Yadley at the Securities and Exchange Commission (202) 376-8129. Also, you may contact William E. Cheshier or Donald E. Curtis in the Securities Depart ment of this Bank, E xt. 6179 or E xt. 6360. Sincerely yours, Robert H . Boykin First Vice President Enclosure