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F ederal reserve Bank DALLAS. TEXAS of Dallas 75222 Circular No. 81-196 October 9, 1981 RATES FOR DISCOUNTS AND ADVANCES TO ALL DEPOSITORY INSTITUTIONS AND OTHERS CONCERNED IN THE ELEVENTH FEDERAL RESERVE DISTRICT: Effective October 12, 1981, the Board of Governors of the Federal Reserve System approved action by the Board of Directors of the Federal Reserve Bank of Dallas decreasing by one percent the discount rate surcharge th at applies to large frequent borrowers a t the discount window. No other rates have been changed. Printed on the reverse of this circular is a copy of Supplement A to Bulletin 2 which contains the current rate schedule in effect at this Bank. This supplement should be inserted in Vol. I of the Regulations Binders and the supplement dated September 22, 1981, should be removed. Additional copies of this circular will be furnished upon request to the Department of Communications, Financial and Community Affairs of this Bank, Ext. 6289. Sincerely yours, Banks and others are encouraged to use the following incoming W ATS 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) FEDERAL RESERVE BANK OF DALLAS BULLETIN 2 Supplement 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: Per Annum Effective from 14% May 5, 1981 2% October 12, 1981 First 60 d a y s ................................................................... 14% August 21, 19812 Next 90 d a y s ................................................................... 15% August 21, 19812 T h e re a fte r....................................................................... 16% August 21, 19812 Rates on Discounts and Advances Basic rate: short-term adjustment credit under 201.3(a) and seasonal credit under 201.3(b)(1) of Regulation A1.............................................................. Surcharge above the basic rate for depository institutions with deposits of $500 million or more borrowing successively in two reserve weeks or more, or in more than four Reserve weeks during a moving 13-week period which includes the current week and the 12 preceding weeks (applicable to short-term adjustment c r e d it) ............... Other extended credit under 201.3(b)(2) of Regulation A (special circumstances credit and credit for institutions under sustained liquidity pressures) 1This is also the discount rate for 90-day commercial paper and other paper eligible for discount. 2 For special circumstances credit (formerly referred to in this supplement as credit involving “exceptional circumstances or practices involving a particular institution”) the rates are effective from August 28, 1981. 10-12-81 A-l
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