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federal reserve Ba n k DALLAS, TEXAS of Dallas 75222 Circular No. 83-146 December 7, 1983 PRIVATE SECTOR A DJUSTMENT FACTOR EXTENSION OF COMMENT PERIOD TO ALL DEPOSITORY INSTITUTIONS IN THE ELEVENTH FEDERAL RESERVE DISTRICT: In response to requests for additional time, the Board of Governors of the Federal Reserve System has extended the period for comment on proposed revisions to the m e t h o dology for calculating the private sector adjustment factor (PSAF) until December 20, 1983. The Board originally requested comment on the proposed m e thodology in its release of October 13, 1983 which was distributed to you in Circular No. 83-127 on October 26, 1983. A copy of the Board's press release and notice as published in the Federal Register are attached. Any views or comments concerning the proposals should be submitted in writing to the Secretary, Board of Governors of the Federal Reserve System, Washington, D.C., 20551. All materials submitted should refer to Docket No. R-0485, and should be received by December 20, 1983. Questions regarding the contents of this circular should be directed to Lyne H. Carter, (214) 651-6175 or Michael N. Turner, (214) 651-6460 at the Head Office. Additional copies of this circular will be furnished upon request to the Public Affairs Department, Extension 6289. Sincerely yours, William H. Wallace First Vice President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) Banks and others are encouraged to use the following incoming W A TS 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. FEDERAL RESERVE press release For immediate release November The Federal Reserve Board today announced that it has extended the period for comment on the m ethodology for calculating the Private Sector Adjustment Factor (PSAF) for 1984 proposed on October 13, 1983. In response to requests for additional time, the Board extended the period for comment from November 30 through December 20, 1983. - Attachment 0 - FEDERAL RESERVE SYSTEM (Docket No. R - 0 4 8 5 ) PRIVATE SECTOR ADJUSTMENT FACTOR AGENCY: Board of Governors of the Federal Reserve System. ACTION: Extension of Comment Period. SUMMARY: The Eoard of Governors of the Federal Reserve System has extended the period for receipt of public comments on the methodology for calculating the Private Sector Adjustment Factor ("PSAF") for 1984. The comment period is being extended through December 20, 1983. DATE: Comments must be received by December 20, 1983. ADDRESS: Comments, which should refer to Docket No. R-0485/ may be mailed to William W. Wiles, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, N. W. , Washington, D. C. 20551, or delivered to room B-2223 between 8:45 a.m. and 5:15 p.m. Comments received may be inspected at room B-1122 between 8:45 a.m. and 5:15 p.m., except as provided in § 261.6(a) of the Board's Rules Regarding the Availability of Information, 12 CFR § 261.6(a). FOR FURTHER INFORMATION CONTACT: Earl Hamilton, Assistant Director (202/452-3874), Division of Federal Reserve Bank Operations; Gilbert T. Schwartz, Associate General Counsel (202/452-3625) or Pobert G. Ballen, Attorney (202/452-3265), Legal Division, Board of Governors of the Federal Reserve System, Washington, D. C. 20551. SUPPLEMENTARY INFORMATION: On October 13, 1983 (48 F.R. 48288, October 18, 1983), the Board of Governors requested public comment on the methodology used by the Federal Reserve to calculate the PSAF that is appropriate for the pricing of services provided by the Federal Reserve Banks. Comment was requested on the proposal by November 30, 1983. Requests have been received for additional time in which to submit comments. In view of the issues involved in the - 2- proposal and in order to provide interested parties with additional time in which to present their views, the comment period has been extended through December 20, 1983. By order of the Board of Governors, acting through its Secretary under delegated authority, November 28, 1983. (signed)William W. Wiles William W. Wiles Secretary of the Board