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F ederal R eserve Bank OF DALLAS ROBERT D. M C T E E R , J R . F o h r iia r v p re s id e n t AND C H IE F E X E C U T IV E O F F IC E R 1 1 QQ4 D A LLA S , TEXAS 5 7 5 2 6 5 -5 9 0 6 Notice 94-17 TO: The Chief Executive Officer of each financial institution 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 printed on the reverse of this notice. MORE INFORMATION For more information, please contact Michael Johnson at (214) 922-6155. For additional copies of this Bank’s notice, please contact the Public Affairs Department at (214) 922-5254. Sincerely yours, J9. . 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 January 3, 1994 Ratio of September 1989 Interest Rates to those in Recent Quarters 1991 1992 1993 Duration Q4 Qi Q2 Q3 Q4 Ql Q2 Q3 Q4 One 1.72 1.99 2.10 2.50 2.70 2.67 2.62 2.64 2.58 Three 1.71 2.01 2.12 2.54 2.54 2.66 2.64 2.62 2.56 Six 1.70 1.99 2.08 2.50 2.44 2.57 2.58 2.55 2.48 Twelve 1.68 1.91 1.96 2.40 2.32 2.43 2.45 2.41 2.35 Two 1.47 1.43 1.46 1.89 1.83 1.83 1.99 2.05 2.06 Three 1.36 1.30 1.33 1.67 1.62 1.61 1.73 1.82 1.85 Four 1.25 1.22 1.23 1.49 1.43 1.48 1.60 1.69 1.70 Five 1.21 1.17 1.17 1.39 1.35 1.40 1.50 1.61 1.63 Six 1.16 1.14 1.13 1.31 1.28 1.35 1.45 1.56 1.57 Seven 1.13 1.11 1.10 1.26 1.25 1.30 1.39 1.51 1.52 Ten 1.06 1.06 1.04 1.14 1.14 1.21 1.27 1.39 1.40 Twenty 0.99 1.01 0.99 1.03 1.03 1.08 1.11 1.21 1.22 Thirty 0.95 0.96 0.95 0.97 0.97 1.03 1.08 1.17 1.19 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 STRlPs, or zerocoupon Treasury securities, for durations two years and greater. Data are averages of Wednesday observations.
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