Full text of District Notices (Federal Reserve Bank of Dallas) : Rates for Discounts and Advances, Circular No. 78-4

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F

Reserve Ban k

ederal

DALLA S, TE X A S

of

Dallas

75222

C i r c u l a r No. 78-4
J a n u a r y 13, 1978

RATES FOR DISCOUNTS AND ADVANCES

TO ALL MEMBER BANKS IN THE
ELEVENTH FEDERAL RESERVE DISTRICT:
Effective J a n u a r y 13, 1978, th e Board of G o v e r n o r s of th e Federal
R e s e r v e System a p p r o v e d action by the D ir e c to r s of th e Federal R e s e r v e
Bank of Dallas c h a n g i n g th e r a te s on d i s c o u n t s a n d a d v a n c e s as shown
below:
FROM

TO

Sections 13 a n d 13a

6

6 1/2 %

Section 10(b) w h e n s e c u r e d by
m o rtg ag e s on o n e -to -f o u r family
re s id e n t ia l p r o p e r t y

6 %

6 1/2 %

Section 10(b)

6 1/2

7%
7 1/2

Section 2 0 1 .2 ( e ) ( 2 ) Regulation A
Last p a r a g r a p h of Section 13

9%

9 1/2

T h e r e is p r i n t e d on th e r e v e r s e of th is c i r c u l a r a copy of r e v i s e d
S u p p le m e n t A of o u r Bulletin No. 2 w hic h s e ts forth all of th e ra te s in ef­
fect a t t h is B ank. T h is should be i n s e r te d in the r in g b i n d e r p r e v i o u s l y
f u r n i s h e d y o u r b a n k , in p la c e of th e s u p p le m e n t w h ic h is no lo n g e r in
e f f e c t.
S i n c e r e ly y o u r s ,
E r n e s t T . Baughman
President

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

BULLETIN 2

F EDERAL RESERVE B AN K OF DALLAS

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:
Rates on Discounts and Advances
Per Annum
Discounts for and advances to member banks under
Section 13 and 13a o f the Federal Reserve A c t...................................... 6 V2%

January 13, 1978

Advances to member banks under Section 10(b)
when secured by mortgages on one - to - four family
residential property......................................................................................... 6 Vi%

January 13, 1978

Advances to member banks under Section 10(b),
except as otherwise provided in this sch ed u le................................................. 7%

January 13, 1978

Advances to member banks for prolonged periods
and in significant amounts under Section 10(b) and
Section 201.2(e) (2) o f Regulation A ....................................................... l¥0o

January 13, 1978

Advances to individuals, partnerships, and corporations
other than member banks, secured by direct obligations
o f the United States, under the last paragraph o f
Section 13 o f the Federal Reserve A c t ..................................................... 9Vi%

January 13, 1978

1-13-78

A- 1

Effective from