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Federal R eserve Bank OF DALLAS WILLIAM H. W ALLACE DALLAS. TEXAS 7 5 2 2 2 FIR S T VICE P R E S ID E N T February 6, 1985 Circular 85-19 TO: The Operations Officer or Reserve Account Manager of all depository institutions in the Eleventh Federal Reserve District SUBJECT Reduction in the carryover percentage for required reserves DETAILS This is a reminder to all FR 2900 weekly reporting institutions that effective with the maintenance period beginning January 31, 1985, the allowable carryover percentage for required reserves was reduced from 2.5 percent to 2 percent under the extended carryover provision of contemporaneous reserve requirements. Therefore, weekly reporting depository institutions will be allowed to carry over the the next maintenance period excess reserves or deficiencies up to 2 percent of required reserves, or $25,000.00, whichever is larger. MORE INFORMATION For additional copies of any circular please contact the Public Affairs Department at (214) 651-6289. Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank (800) 442-7140 (intrastate) and (800) 527-9200 (interstate). This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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