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Federal R eserve Bank
OF DALLAS
ROBERT
D. M C T E E R , J R .
p re s id e n t
A N D C H IE F E X E C U T I V E O F F I C E R
October 19, 1993
D A LLA S , TEXAS
7 5 2 6 5 -5 9 0 6
Notice 93-109
TO:
The Chief Executive Officer of each
member bank and others concerned in
the Eleventh Federal Reserve District
SUBJECT
Quarterly Table of Factors to
Adjust Interest Income
DETAILS
The Federal Reserve Board has released its quarterly table of
factors to adjust interest income to be used by section 20 companies that
adopt the Board’s alternative index revenue test to measure compliance with
the 10 percent limit on bank-ineligible securities activities.
ATTACHMENT
The Board’s quarterly table of factors is attached.
MORE INFORMATION
For more information, please contact Marion White at (214) 922-6155.
For additional copies of this Bank’s notice, please contact the Public Affairs
Department at (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 Intrastate (800) 592-1631, Interstate (800) 351-1012; Houston Branch Intrastate (800) 392-4162,
Interstate {BOO) 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
September 30. 1993
Ratio of September 1989 Interest Rates to those in Recent Quarters
1991
1993
1992
Duration
Q4
Ql
Q2
Q3
Q4
Ql
Q2
Q3
One
1.72
1.99
2.10
2.50
2.70
2.67
2.62
2.64
Three
1.71
2.01
2.12
2.54
2.54
2.66
2.64
2.62
Six
1.70
1.99
2.08
2.50
2.44
2.57
2.58
2.55
Twelve
1.68
1.91
1.96
2.40
2.32
2.43
2.45
2.41
Two
1.47
1.43
1.46
1.89
1.83
1.83
1.99
2.05
Three
1.36
1.30
1.33
1.67
1.62
1.61
1.73
1.82
Four
1.25
1.22
1.23
1.49
1.43
1.48
1.60
1.69
Five
1.21
1.17
1.17
1.39
1.35
1.40
1.50
1.61
Six
1.16
1.14
1.13
1.31
1.28
1.35
1.45
1.56
Seven
1.13
1.11
1.10
1.26
1.25
1.30
1.39
1.51
Ten
1.06
1.06
1.04
1.14
1.14
1.21
1.27
1.39
Twenty
0.99
1.01
0.99
1.03
1.03
1.08
1.11
1.21
Thirty
0.95
0.96
0.95
0.97
0.97
1.03
1.08
1.17
Months
Years
Note: Adjustment factors were calculated using secondary-m arket 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.
@FedFRASER