The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
F ederal r e se r v e B a nk DALLAS, TEXAS D o f allas 75222 Circular No. 80-222 November 17, 1980 RATES FOR DISCOUNTS AND ADVANCES TO ALL DEPOSITORY INSTITUTIONS AND OTHERS CONCERNED IN THE ELEVENTH FEDERAL RESERVE DISTRICT: E ffectiv e November 17, 1980, the Board of Governors of the Federal Reserve System approved action by the D irectors of the Federal Reserve Bank of Dallas increasing by one percent the basic rate on discounts and advances, and other rates accordingly. At the same tim e the Board o f Governors approved a surcharge above the basic discount rate for certain frequent borrowings by larger depository institutions. There is printed on the reverse o f this circular a copy of Supplement A to Bulletin No. 2 which sets forth all of the rates in e f f e c t at this Bank. This supplement should be inserted in the regulations binder previously furnished and the supplement dated September 26, 1980 should be destroyed. Depository institutions who have not yet been provided a binder should retain the supplement for future reference. Sincerely yours, Ernest T. Baughman President Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank: 1-800-442-7140 (intrastate) and 1-800-527-9200 (interstate). For calls placed locally, please use 651 plus the extension referred to above. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) BULLETIN 2 FEDERAL RESERVE BANK OF DALLAS Supplem ent A RATES FOR DISCOUNTS AND ADVANCES The following rates with respect to discounts and advances under the Federal Reserve Act and Regulation A are now in effect at this Bank: Rates on Discounts and Advances Per Annum Effective from Basic rate: short-term adjustment credit under 201.3(a) and seasonal credit under 201.3(b)(1) of Regulation A * ........................................................................... 12% November 17, 1980 Surcharge above the basic rate for depository institutions with deposits of $500 million or more borrowing sucessively in two statement weeks in a calendar q u a rter.................................................. 2% November 17, 1980 13% November 17, 1980 15% November 17, 1980 Depository institutions subject to reserve requirements under Regulation D Other extended credit under 201.3(b)(2) of Regulation A Exceptional circumstances or practices involving a particular institution ................................... Other individuals, partnerships, and corporations Advances secured by direct or fully guaranteed obligations of the United States or its agencies under 12 USC 347c and 201.3(c) of Regulation A ............ * This is also the discount rate for 90-day commercial paper and other paper eligible for discount. 11-17-80 A -l
@FedFRASER