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Federal R eserve Bank OF DALLAS ROBERT D. M C T E E R , J R . PRESIDENT AND CH IE F E X ECU TIV E O F F IC E R DALLAS, TEXAS 75222 April 28, 1993 Notice 93-49 TO: The Chief Executive O f ficer of each member bank and others concerned in the Eleventh Federal Reserve D i s t r i c t SUBJECT Quarterly Table of Adjustment Factors for Interest Income of Section 20 Subsidiaries DETAILS The Federal Reserve Board has released i t s q u a r t e r l y t a b l e of f a c t o r s to a d j u s t i n t e r e s t income to be used by secti on 20 companies t h a t adopt the Board’ s a l t e r n a t i v e index revenue t e s t to measure compliance with the 10 percent l i m i t on b a n k - in e l i g i b l e s e c u r i t i e s a c t i v i t i e s . ATTACHMENT A copy of the Board’ s q u a r t e r l y t a b l e i s p r in te d on the reverse of th is notice. MORE INFORMATION For more information, please conta ct Marion White a t (214) 922-6155. For a d dition al copies of t h i s Bank’ s n o tic e , please contact the Public A f fa ir s Department a t (214) 922-5254. Sincerely yours, For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal Reserve Bank of Dallas: Dallas Office (800) 333-4460; El Paso Branch Intrastale (800) 592-1631, Interstate (800) 351-1012; Houston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) Adjustment Factors for Interest Income of Section 20 Subsidiaries April 1, 1993 Ratio of Interest Rates to those in September 1989 1992 1991 1993 Ql Q2 Q3 Q4 Ql Q2 Q3 Q4 Ql One 1.33 1.42 1.42 1.72 1.99 2.10 2.50 2.70 2.67 Three 1.29 1.40 1.45 1.71 2.01 2.12 2.54 2.54 2.66 Six 1.29 1.37 1.43 1.70 1.99 2.08 2.50 2.44 2.57 Twelve 1.28 1.33 1.40 1.68 1.91 1.96 2.40 2.32 2.43 Two 1.13 1.16 1.24 1.47 1.43 1.46 1.89 1.83 1.83 Three 1.09 1.10 1.16 1.36 1.30 1.33 1.67 1.62 1.61 Four 1.05 1.04 1.09 1.25 1.22 1.23 1.49 1.43 1.48 Five 1.03 1.02 1.06 1.21 1.17 1.17 1.39 1.35 1.40 Six 1.01 1.00 1.04 1.16 1.14 1.13 1.31 1.28 1.35 Seven 1.00 0.99 1.02 1.13 1.11 1.10 1.26 1.25 1.30 Ten 0.99 0.98 1.00 1.06 1.06 1.04 1.14 1.14 1.21 Twenty 0.97 0.95 0.96 0.99 1.01 0.99 1.03 1.03 1.08 Thirty 0.95 0.94 0.94 0.95 0.96 0.95 0.97 0.97 1.03 Duration Months Years Note: Adjustment factors were calculated using secondary-market quotes of the yields on Treasury bills for durations of one, three, six, and twelve months and on STRIPs, or zero-coupon Treasury securities, for durations two years and greater. Data are averages of Wednesday observations.
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