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F ederal

reserve bank of

DALLAS, TEXAS

Dallas

75222
Circular No. 83-34
March 3, 1983

REGULATION D
RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS
(Change in Transitional Percentage Reserve Requirement)
TO ALL MEMBER BANKS
AND OTHERS CONCERNED IN THE
ELEVENTH FEDERAL RESERVE DISTRICT:
This circular is simply a reminder of the continuing phase-in regarding
transitional adjustments for computing Federal Reserve requirem ents as provided
for under the Monetary Control Act of 1980. As you know, Section 204.4 (b),
(1) and (2), Transitional Adjustments for Members and Former Members, specifies
a definite phase-in schedule for these depository institutions. Specifically, this
section covers the required reserves of any depository institution th a t was a
member bank on September 1, 1980, or withdrew from membership a fte r March 31,
1980. (Currently, only paragraph (2) of Section 204.4 (b) is applicable to this
District).
For your information, the next six-month interval of the transitional
adjustm ent schedule for member and former member depository institutions begins
with the reserve maintenance period March 3, 1983 and continues through
August 31, 1983.
The percentage to be applied to compute the transitional
adjustment will be 25 percent. This is down from the 37.5 transitional adjustment
which was applied to the reserve maintenance periods occurring between
September 2, 1982 through March 2, 1983. This downward change will be reflected
in your reserve requirem ent computation as shown on the P resta te m en t prepared
for the reserve maintenance period March 3 through March 9, 1983. In addition,
the transitional adjustment change will be re fle c te d in the to tal reserve
requirem ent as shown on the daily S tatem ent of Reserve Position beginning on
March 3, 1983.
If you have any questions, please co ntact Allan Neale, (214) 651-6334
a t the Head Office; Javier Jimenez, (915) 544-4730 a t the El Paso Branch;
Rodney Franklin, (713) 659-4433 at the Houston Branch; or P ete Castleberry,
(512) 224-2141 at the San Antonio Branch.
Additional copies of this circular will be furnished upon request to the
Public Affairs D epartm ent, Extension 6289.
Sincerely yours,

William H. Wallace
First Vice President
Banks and others are encouraged to use the follow ing in coming WATS numbers in co n tacting 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)