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F ederal Reserve Bank of Dallas DALLAS, T E X A S 75222 C i r c u l a r No. 78-46 April 20, 1978 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 fo r the P u b li s h e d In te r p r e ta tio n s of the Board of G o v e r n o r s of the Federal 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 Su p p le m e n t No. 28, will b r i n g the P u b li s h e d In te r p r e ta tio n s u p to d ate th r o u g h J u n e 30, 1977. As indicated in th e i n s t r u c t i o n s on th e f i r s t p a g e of th e m a te ria l, you sh o uld file the new p a g e s in t h e i r a p p r o p r i a t e locations a n d remove the u n c u r r e n t p a g e s . T h e p a g e s re m oved from y o u r b i n d e r sho u ld b e d e s t r o y e d . Also e n clo se d is a NOTICE OF CORRECTION d a te d J a n u a r y 20, 1978, w hich s e ts fo rth s e v e ra l c o r r e c t i o n s that n e e d to be made in Su p p le m e n t 28. Please make th e n e c e s s a r y c o r r e c t i o n s a s i n s t r u c t e d . An add itio 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 th e Board of G o v e r n o r s a t a co st of $7.50. Rem ittance sh o uld accom pany y o u r r e q u e s t a n d be made p a y a b l e to th e o r d e r of th e Board of G o v e rn o rs of th e Fe dera l R e s e r v e S y s te m . Please d i r e c t y o u r r e q u e s t to: P u blica tio n s S e r v ic e s Division of A d m in is tra tiv e S e r v ic e s Board of G o v e rn o rs of the Fed eral R e s e r v e System W a sh in gto n , D .C . 20551 If y o u r b a n k m ain tains m ore than one P u b li s h e d In te r p r e ta tio n s b i n d e r , p le a s e d i r e c t y o u r r e q u e s t fo r th e ad ditio nal s u p p le m e n ts n e e d e d to the abo v e a d d r e s s s i n c e th e B oard do es not m ain ta in a mailing list fo r this p u r p o s e . Sincerely y o u rs, R obert H. Boykin F irs t Vice President E n c lo s u r e s (2) This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) NOTICE OF CORRECTION: SUPPLEMENT 28, PUBLISHED INTERPRETATIONS of the BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Transmittal page Entry xi - date of page to be removed and inserted should read (12-71) Page 714 - change date to read (6-77) Page 7(31 - change date to read (6-77) Page 772 change date to read (6-77) • s - Revised pages 714, 761 and 772 will be included in Supplement 29. January 20, 1978