The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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)