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F ed e r a l r e s e r v e Ba n k o f D a lla s DALLAS, TEXAS 75222 C i r c u l a r No. 75-1 J a n u a r y 20, 1975 PUBLISHED INTERPRETATIONS OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM TO ALL MEMBER BANKS IN THE ELEVENTH FEDERAL RESERVE DISTRICT: Enclosed a r e new p a g e s for the P u b lish e d In te rp r e ta tio n s of the Board of G o v e rn o rs of th e Fe d e ra l R e s e r v e S y s te m . T h e s e p a g e s , d e s c r i b e d as S u p p le m e nt No. 22, will b r i n g the P u b li s h e d I n te rp r e ta tio n s u p to date th r o u g h J u n e 30, 1974. As in dic ate d in the in s tr u c tio n s on the first p a g e of the m a te ria l, you sh o u ld file the new p a g e s in t h e i r a p p r o p r ia te locations a n d remove the u n c u r r e n t p a g e s . T he p a g e s removed from y o u r b i n d e r sh o uld b e d e s t r o y e d . An additio nal o r new b i n d e r for y o u r b a n k 's u s e may be o r d e r e d from the B oard of G o v e rn o rs at a cost of $2.50. Remittance sh ou ld accompany y o u r r e q u e s t and be made p a y a b le to the o r d e r of the Board of G o v e rn o rs of the Fe dera l R e s e rv e S ystem . Ple a se d i r e c t y o u r r e q u e s t to: Publications S e r v ic e s Division of A d m in is tra tiv e S e rv ic e s Board of G o v e rn o rs of the Federal R e s e rv e System W ashington, D .C . 20551 If y o u r Bank main ta in s more th an one P u b lish e d I n te rp r e ta tio n s b i n d e r , p le a se d i r e c t y o u r r e q u e s t to the above a d d r e s s for the additional su p p le m e n ts ne ed e d s in ce the Board does not maintain a mailing list for this p u r p o s e . S in c e r e ly y o u r s , T . W. Plant F i r s t Vice P r e s i d e n t E n c lo sure s This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)