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federal

R eserve Ba n k o f D allas

DALLAS. TEXAS

75222
Circular No. 80-180(B)
Septem ber 19, 1980

MONETARY CONTROL ACT - RESERVE REPORTING
TO THE CHIEF EXECUTIVE OFFICER OF AFFECTED
COMMERCIAL BANKS, SAVINGS AND LOAN ASSOCIATIONS,
CREDIT UNIONS, EDGE ACT AND AGREEMENT CORPORATIONS
IN THE ELEVENTH FEDERAL RESERVE DISTRICT:
On March 31, 1980 the Monetary Control Act of 1980 was enacted,
extending reserve requirements to nearly all depository financial institutions. The Act
requires your institution to file data reports with a Federal Reserve Bank or Branch
office. The Federal Reserve will use this information to compute the amount of
reserves that your financial institution will be required to maintain. This procedure is
described in Federal Reserve Regulation D which was distributed to your organization
with our Circular 80-170 of September 9, 1980.
Enclosed are copies of two Federal Reserve reporting forms,
instruction booklet. The forms are:

and an

(1) Report of Transaction Accounts, Other Deposits and
Vault Cash (FR 2900)
(2) Report of Certain Eurocurrency Transactions (FR 2950)
Your financial institution is required by Regulation D to begin filing the FR
2900 with the Federal Reserve office indicated on the report form. The Federal
Reserve deferred data reporting and reserve maintenance under the Act for smaller
financial institutions. Institutions such as yours that had total deposits of $1 million
or more, but less than $5 million, on December 31, 1979 will file quarterly FR 2900
reports beginning January 1981.
A copy of form FR 2950 must also be filed if your institution had any
eurocurrency borrowings during a reserve computation period.
A bulk supply of reporting forms, reporting schedules, pre-addressed
envelopes and additional information will be sent to your institution under separate
cover at a later date. The forms will be identical to those enclosed, except that
identification labels will be affixed to the supply of FR 2900 forms. If there are any
questions regarding the report forms or instructions, they should be directed to the
Statistical Department at the Dallas Office (214) 651-6141 or Ext. 6142; or to the
Accounting Department at the Houston Office, (713) 659-4433; San Antonio Office,
(512) 224-2141; or El Paso Office, (915) 544-4730.
Sincerely yours,
Ernest T. Baughman
Enclosures

President

Banks and others are encouraged to use the following incoming W A T S numbers in contacting this Bank:
1-800-442-7140 (intrastate) and 1-800-527-9200 (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)


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102