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Federal R eserve Bank OF DALLAS ROBERT D. M C T E E R , J R . Jul y 16, 1993 P R E S ID E N T AND C H IE F E X E C U T IV E O F F IC E R DALLAS, TEXAS 7 5 2 2 2 Notice 93-76 TO: The Chief Executive O f f i c e r of each member bank and ot h er s concerned in the E l e v e n t h F e d e ra l Reserve D i s t r i c t SUBJECT Quarterly Table of Factors to Adjust Interest Income DETAILS The Federal Reserve Board has r el ea se d 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 se ct io n 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 - i n 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 The Board’ s q u a r t e r l y t a b l e of f a c t o r s i s att ach ed. MORE INFORMATION For more information, please con ta ct Marion White a t (214) 922-6155. For a d d it io na l copies of t h i s Bank’ s n o t i c e , please con ta ct the Public A f f a i r s Department a t (214) 922-5254. Sin ce re ly 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 Intrastate (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 July 1,1993 Ratio of September 1989 Interest Rates to those in Recent Quarters 1993 1992 1991 Duration Ql Q2 Q3 Q4 Ql Q2 Q3 Q4 Ql Q2 One 1.33 1.42 1.42 1.72 1.99 2.10 2.50 2.70 2.67 2.62 Three 1.29 1.40 1.45 1.71 2.01 2.12 2.54 2.54 2.66 2.64 Six 1.29 1.37 1.43 1.70 1.99 2.08 2.50 2.44 2.57 2.58 Twelve 1.28 1.33 1.40 1.68 1.91 1.96 2.40 2.32 2.43 2.45 Two 1.13 1.16 1.24 1.47 1.43 1.46 1.89 1.83 1.83 1.99 Three 1.09 1.10 1.16 1.36 1.30 1.33 1.67 1.62 1.61 1.73 Four 1.05 1.04 1.09 1.25 1.22 1.23 1.49 1.43 1.48 1.60 Five 1.03 1.02 1.06 1.21 1.17 1.17 1.39 1.35 1.40 1.50 Six 1.01 1.00 1.04 1.16 1.14 1.13 1.31 1.28 1.35 1.45 Seven 1.00 0.99 1.02 1.13 1.11 1.10 1.26 1.25 1.30 1.39 Ten 0.99 0.98 1.00 1.06 1.06 1.04 1.14 1.14 1.21 1.27 Twenty 0.97 0.95 0.96 0.99 1.01 0.99 1.03 1.03 1.08 1.11 Thirty 0.95 0.94 0.94 0.95 0.96 0.95 0.97 0.97 1.03 1.08 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 zerocoupon Treasury securities, for durations two years and greater. Data are averages of Wednesday observations.
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