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federal Re se r v e bank of Da lla s F IS C A L A G E N T O F T H E U N IT E D STATES D A L L A S ,T E X A S 7 5 2 2 2 C ir c u la r No. 73-138 June lU, 1973 RECLASSIFICATION OF TREASURY TAX AND LOAN DEPOSITARIES To th e T reasu ry Tax and Loan D e p o s ita ry Bank A ddressed: By d i r e c t i o n from th e T rea su ry D epartm ent, T reasu ry Tax and Loan d e p o s i t a r i e s are t o "be r e c l a s s i f i e d i n t o th r e e groups as o f th e c lo s e o f b u s in e s s June 2 6 , 1973. The r e c l a s s i f i c a t i o n i s b ein g made on th e b a s i s o f th e t o t a l o f each bank*s d e p o s its i n th e t a x and lo a n a cc o u n t, as shown on th e re c o rd s o f t h i s Bank, d u rin g th e p e rio d January 1 th ro u g h December 31? 1972. The t o t a l in c lu d e s new borrow ings by th e T reasury in co n n ec tio n w ith th e p u rch ase o f m a rk etab le government s e c u r i t i e s f o r th e l a s t h a l f o f th e y e a r , b u t in c lu d e s a l l o th e r item s f o r th e e n t i r e y e a r . The th r e e groups a re as fo llo w s : Group A - A ll d e p o s i t a r i e s which had t o t a l d e p o s its o f l e s s th a n $7,500,000 d u rin g th e p e r io d . Group B - ( l ) A ll d e p o s i t a r i e s which had t o t a l $7,500,000 and $79,999,999 d u rin g th e d e p o s i t a r i e s which had $80 , 000,000 or b u t whose t o t a l d e p o s it l i a b i l i t y was $100,000,000 a t December 31, 1972. d e p o s its between p e r io d , and (2) more i n d e p o s its l e s s th a n Group C - A ll d e p o s i t a r i e s which had $80,000,000 or more in d e p o s its and whose t o t a l d e p o s it l i a b i l i t y (b o th de mand and tim e) exceeded $100,000,000 a t December 31, 1972. (The t o t a l d e p o s it f i g u r e s f o r Group C banks do n o t in c lu d e r e d e p o s i t s .) The group d e s ig n a tio n s a s s ig n e d to banks w i l l p r e v a i l from June 26 , 1973, u n t i l f u r t h e r n o t i c e . Banks whose d e s ig n a tio n s a re changed w i l l be n o tifie d . The T rea su ry p roposes to r e c l a s s i f y d e p o s i t a r i e s a n n u a lly on th e b a s i s o f th e t o t a l d e p o s its in each b a n k 's t a x and lo a n account in c lu d in g a l l payments f o r s u b s c r ip tio n s t o government s e c u r i t i e s b u t ex clu d in g r e d e p o s its f o r Group C b an k s. Yours v e ry t r u l y , P. E. C oldw ell P r e s id e n t This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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