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FEDERAL RESERVE BANK OF DALLAS DALLAS, TEXAS 75222 C i r c u l a r No. 8 3- 137 November 9 , 1983 REGULATION G SECURITIES CREDIT BY PERSONS OTHER THAN BANKS, BROKERS, OR DEALERS (Cross-Reference) REGULATION U CREDIT BY BANKS FOR THE PURPOSE OF PURCHASING OR CARRYING MARGIN STOCK (Cross-Reference) TO ALL MEMBER BANKS AND OTHERS CONCERNED IN THE ELEVENTH FEDERAL RESERVE DISTRICT: The Boar d o f Go v e r n o r s o f t h e F e d e r a l R e s e r v e Sys t em has r e l e a s e d a cross-reference for its R e g u l a t i o n G and i t s R e g u l a t i o n U. The a t t a c h e d cross-references s e r v e a s an a i d t o p e r s o n s t r a c i n g t h e r e g u l a t o r y t r e a t m e n t o f s p e c i f i c i s s u e s a d d r e s s e d i n t h e r e v i s e d R e g u l a t i o n s G and U. Completely r e v i s e d and s i m p l i f i e d versions o f R e g u l a t i o n s G and U wer e t r a n s m i t t e d i n C i r c u l a r No. 8 3 - 1 0 5 d a t e d Augus t 31, 1983. Attached is the cross-reference material as pu bl ished in the Federal R e g i s t e r . Questions rega rd ing the m at e ri a l co n ta i n e d in t h i s c i r c u l a r s h o u l d be d i r e c t e d t o t h e Legal D e p a r t m e n t , E x t e n s i o n 6171. Additional copies of t h i s c i r c u l a r will t h e P u b l i c A f f a i r s D e p a r t m e n t , E x t e n s i o n 6289. be f u r n i s h e d upon r e q u e s t to Sincerely y o u rs, F i r s t Vi ce P r e s i d e n t This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) Banks and others are encouraged to use the following incoming W A TS numbers in contacting 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. FEDERAL RESERVE SYSTEM Regulation G [12 CFR 207] SECURITIES CREDIT BY PERSONS OTHER THAN BANKS, BROKERS, OR DEALERS Co mp a r i s o n C h a r t o f Ol d and New R e g u l a t i o n G S e c t i o n s AGENCY: Boar d o f G o v e r n o r s o f t h e F e d e r a l ACTION: R e g u l a t i o n G Co mp a r i s o n C h a r t SUMMARY: On J u l y 27, 1983, t h e Boa r d a p p r o v e d a c o m p l e t e l y r e v i s e d and s i m p l i f i e d R e g u l a t i o n G. 3 1 , 1983. R e s e r v e Sys t em To f a c i l i t a t e The new r e g u l a t i o n i s e f f e c t i v e a s o f Au g u s t an u n d e r s t a n d i n g o f t h e new r e g u l a t i o n , t h i s c h a r t p r o v i d e s a c r o s s - r e f e r e n c e o f s e c t i o n number s i n t h e o l d R e g u l a t i o n G t o t h e i r c o r r e s p o n d i n g s e c t i o n number s i n t h e new r e g u l a t i o n and v i c e versa. This c h a r t will s e r v e a s an a i d t o p e r s o n s t r a c i n g t h e r e g u l a t o r y t r e a t m e n t o f s p e c i f i c i s s u e s a d d r e s s e d i n R e g u l a t i o n G. FOR FURTHER INFORMATION CONTACT: Do u g l a s B l a s s , A t t o r n e y , D i v i s i o n o f Ba nki ng S u p e r v i s i o n a nd R e g u l a t i o n , Boar d o f G o v e r n o r s o f t h e F e d e r a l R e s e r v e Sy s t e m, W a s h i n g t o n , D.C. 2 0 5 5 1 , ( 202) 4 5 2 - 2 7 8 1 . SUPPLEMENTARY INFORMATION: The f o l l o w i n g c o m p a r i s o n c h a r t i s b e i n g p u b l i s h e d a s an a i d t o u n d e r s t a n d i n g t h e c o m p l e t e l y r e v i s e d R e g u l a t i o n G. -3- COMPARISON CHART Com pa ris on o f Old w i t h New S e c t i o n Numbers Ol d w i t h New Compa r i s on o f New w i t h Ol d S e c t i o n Numbers j New w i t h Ol d 207. 1 (a) ( b) (c) (d)(1) ( 2) ( 3) ( 4) (e)(1) ( 2) (f)(1) (2) ( 3) ( g) (h)(1) ( 2) (i) (j)(l) (i) (ii) (2) 207. 1 2 0 7 . 3 ( a ) ( 1 ) (with m o d i f i c a t i o n ) I 2 0 7 . 3 ( a ) ( 2 ) (with m o d if i c a t i o n ) 1 2 0 7 . 1 ( b ) , 2 0 7 . 2 ( e ) , ( h ) , ( 1) | 2 0 7 . 3 ( b ) , 2 0 7 . 7 ( a ) and ( b) | 2 0 7 . 2 ( 1 ) , 2 0 7 . 3 ( b ) and 2 0 7 . 7 ( a ) ! deleted | 207.3(c) I deleted | 2 0 7 . 3 ( e ) , ( f ) and 2 0 7 . 2 ( e ) ( 2 ) | deleted I 207.4 ( f i r s t sentence) I ( p a r t i a l l y deleted) deleted j 207.4(b) | 207.3(g)(1) | 2 0 7 . 3 ( g ) and ( h) j 2 0 7 . 3 ( g ) ( 4 ) and 2 0 7 . 2 ( e ) ( 1 ) 1 2 0 7 . 3 ( h ) and 2 0 7 . 7 ( b ) I 207.3(i )(1) | 207.3(1)(1 ) ( i ) 1 deleted 1 207.3(i ) ( p a r t i a l l y deleted) | added 207.1(c) (a) ( b) 207.2 f i r s t sentence (a) ( b) (cM ixn (ii) ( 111) ( 2) ( d) (e)(1) ( 2) (f)(1) (2) ( i ) (ii) (ill) (iv) ( g) ( h) (1X1) 20 7 . 2 207.2 ( f i r s t sentence) (a) ( b) 207.2(g) 207.2(1) (c)(1) (2) 207.2(b) (3) 207.2(1) (d)(1) 207.2(1)(1) (2) 207.2(1)(2) ( 3 ) ( i ) 207.2(1X3) ( i i )207.2(i )(3) ( 4) 207.2(1)(4) ( 5) 207.2(1)(5) 207.2(i) (e) 2 0 7 . 2(k) (f)(1) ( 2) 2 0 7 .2(k) ( 3) 207.6(c) 207.6(c)(1) (i) ( ii) 207.6(c)(2) ( 4) 207.6(d) (5) 207.6(e) deleted (g)(1) (2) ( 3) | | 1 | 1 I I 1 | | I 1 I 1 1 1 1 1 1 -5- ( 4) (5) (j) ( k) ( 1) 207.3 (a)(1) ( 2) ( b) (c) (1) (ii) (ill) ( d) (e) (f)(1) 207.2(a) added 207.2(c)(2) a dde d a dde d a dde d 207.1(1) 207.2(h) 207.1(h)(2) (modi f i e d ) 207.1(e) 207.2(1) 207. 2(1 X1 ) 207.2(1 X 2 ) 2 0 7 . 2 ( i )(3) 207.2(1 X 3 ) 207.2(b) 207.1(c) 207.2(d)(1), 2 0 7 . 2 ( e ) ( 1 ) and ( 2) 207.2(d)(2) 207.2(d)(3)(i ) and ( i i ) 207.2(d)(4) 207.2(d)(5) 2 0 7 . 5 ( a ) a n d ( b) 2 0 7 . 2 ( f ) ( 1 ) and ( 2) 2 0 7 . 1 ( c ) , and 207.2(c)(1) 207. 1 ( a ) ( m o d i f i e d ) 207.1(b) (modified) 207.1(c) added adde d adde d a dde d 207.4(e) 2 0 7 . 1 ( e ) ( 1 ) ( mo d i f i adde d Old w i t h New New w i t h Old 207.2 ( 2) ( h) ( 1) ( 1) ( 2) ( 3) 207.3 12) (g)(1) ( 2) ( 3) ( 4) ( h) (i)(l) ( 1) (ii) (2) (j) (k) (1) (m) (n) ( o) (p) added 207.l(g 207.l(g added 207.l(h 207.l(i 207.l ( j 207.l ( j 207.l ( j added 20 7 .4(c 2 0 7 .4(b 2 07.4(g added 207.4(d 2 07.3(a 2 0 7 . 3(a 207.4 f i r s t sentence (a) ( b) 2 0 7 . 1 ( f ( 1) added 2 0 7 . 1 ( f ( 3) (j) ( k) deleted 207.2(d) 207.2(f)(1) 207.2(f)(2)( i ) 2 0 7 . 2 ( f ) ( 2 ) (i i) 2 0 7 . 2 ( f ) ( 2 ) (i i i ) and ( 1 ) ( 2 ) ( i v ) deleted deleted 207.3 (a) ( b) 207.3(o), deleted 207.4 ( a) ( 1) (2) ( 1) (ii) ( 1i 1) (iv) ( 3) ( b) (c) ( d) (e) (f) ( g) 207.5(a) del e t e d 2 0 7 . 5 ( b ) and 2 0 7 . 3 ( b ) 207.5(b)(2) deleted deleted deleted deleted 2 0 7 .3(k) 207.3(j) 2 0 7 .3(n) 207.3(d) deleted 207.3(1) 207.5 (a) ( b) (c) ( d) ( 1) ( 2) ( 3) ( 4) ( 5) (6) (7) (8) (9) (e) ( 1) ( 2) ( 3) ( 4) ( 5) (6) (7) (f) 207.7(a) 207.7(a) deleted 207.6(a) 207.6(a) 207.6(a) 207.6(a) 207.6(a) 207.6(a) 207.6(a) 207.6(a) 207.6(a) 207.6(a) 207.6(b) 207.6(b) 207.6(b) 207.6(b) 207.6(b) 207.6(b) 207.6(b) 207.6(b) deleted ( p) 207.5 (a)(1) ( 2) (b)(1) ( 2) 207.6 (a) ( 1) ( 2) ( 3) ( 4) ( 5) ( 6) ( 7) ( 8) (9) ( b) ( 1) ( 2) ( 3) ( 4) ( 5) (6) ( 7) (c) ( 1) (2) ( d) (e) , ( c ) and 2 0 7 . 2 ( c ) 3) 1) 8) 9) 5) 4) 7) 2) 6) 3) 1) 7) 4) 6) 2) 5) 6- ( 1) and (2) ( 1) ( 1) ( i ) ( 1) ( i ) ( modi fi ed) 207.4(a 207.4(a 2 0 7 . 4 ( a ( 2) and 207 2 0 7 . 4(a (2) ( i ) and 207. 1 ( c ) 2 0 7 . 5(d 2 0 7 . 5(d 2 0 7 . 5(d 2 0 7 . 5(d 2 0 7 . 5(d 2 0 7 . 5(d 2 0 7 . 5(d 2 0 7 . 5(d 2 0 7 . 5(d 2 0 7 . 5(d 20 7 .5(e 2 0 7 .5(e 2 0 7 . 5(e 20 7 .5(e 2 0 7 . 5(e 2 0 7 .5(e 2 0 7 . 5(e 2 0 7 . 5(e 207.2(f 207.2(f 207.2(f 207.2(f 207.2(f ( 2) ( 8) ( 1) ( 6) ( 5) ( 9) ( 7) ( 3) ( 4) ( 2) ( 6) ( 1) ( 4) ( 7) ( 5) ( 3) ( 3) (3) ( i ) (3) ( i i ) ( 4) ( 5) Old w i t h New New w i t h Old 207.7 Ti n ( b) (c) Boar d o f G o v e r n o r s o f t h e F e d e r a l 207.5(a) 207.1( i ) 207.5(a) R e s e r v e S y s t e m, October 17, 1983. (signed) William W. Wiles W i l l i a m W. Wi l e s S e c r e t a r y o f t h e Boa r d -7- FEDERAL RESERVE SYSTEM Regulation U [12 CFR 221] CREDIT BY BANKS FOR THE PURPOSE OF PURCHASING OR CARRYING MARGIN STOCK Co mp a r i s o n C h a r t o f Ol d and New R e g u l a t i o n U S e c t i o n s AGENCY: Boar d o f G o v e r n o r s o f t h e F e d e r a l ACTION: R e g u l a t i o n U Co mp a r i s o n C h a r t SUMMARY: On J u l y 27, 1 9 8 3 , t h e Boa r d a p p r o v e d a c o m p l e t e l y r e v i s e d and s i m p l i f i e d R e g u l a t i o n U. 3 1 , 1983. R e s e r v e Sys t em The new r e g u l a t i o n i s e f f e c t i v e a s o f Au g u s t To f a c i l i t a t e an u n d e r s t a n d i n g o f t h e new r e g u l a t i o n , t h i s c h a r t p r o v i d e s a c r o s s - r e f e r e n c e o f s e c t i o n number s i n t h e o l d R e g u l a t i o n U t o t h e i r c o r r e s p o n d i n g s e c t i o n number s i n t h e new r e g u l a t i o n and v i c e versa. This c h a r t will s e r v e a s an a i d t o p e r s o n s t r a c i n g t h e r e g u l a t o r y t r e a t m e n t o f s p e c i f i c i s s u e s a d d r e s s e d i n R e g u l a t i o n U. FOR FURTHER INFORMATION CONTACT: Do u g l a s B l a s s , A t t o r n e y , D i v i s i o n o f Ba n k i n g S u p e r v i s i o n a nd R e g u l a t i o n , Boar d o f G o v e r n o r s o f t h e F e d e r a l R e s e r v e Sy s t e m, W a s h i n g t o n , D.C. 2 0 551, SUPPLEMENTARY INFORMATION: (202) 452-2781. The f o l l o w i n g c o m p a r i s o n c h a r t i s b e i n g p u b l i s h e d a s an a i d t o u n d e r s t a n d i n g t h e c o m p l e t e l y r e v i s e d R e g u l a t i o n U. -9- COMPARISON CHART Co mp a r i s o n o f Ol d w i t h New S e c t i o n Numbers Compa r i s on o f New w i t h Ol d S e c t i o n Numbers Ol d w i t h New New wi t h 0 1 d 221. 1 (a)(1) 221.1 Ta l (b) (c)(1) ( 2) ( d) 2 2 1 . 1 ( b ) , 2 2 1 . 3 ( a ) and 221.8(b) deleted 221.3(f) ( p a rtia lly deleted) deleted del e t e d 221.3(d)(1) 221.2 fi r s t sentence (a) ( b) (c) ( d) ( e) (f) ( g) ( h) (i) (j) ( 1) ( 2) ( k) ( 1) (m) 2 2 1 . 5 ( a ) and 221.6(f i r s t sentence) 2 2 1 . 6 ( a ) and ( b) 221.6(e) 221. 5 ( c ) ( 6 ) ( p a r t i a l l y d e le t 2 2 1 . 5 ( b ) and 2 2 1 . 5 ( c ) ( 8 ) 221.5(c)(1) 2 2 1 . 5 ( c ) ( 2 ) and 2 2 1 . 6 ( f ) 2 2 1 . 5 ( c ) ( 3 ) and 2 2 1 . 6 ( g ) 221.5(c)(4) 221.6(c) 221.5(c)(5) 2 2 1 . 5 ( c ) ( 5) ( i ) 2 2 1 . 5 ( c ) ( 5) ( i i ) 221.5(c)(7) 221.5(c)(9 )(i) 221. 5 ( c ) ( 9 ) ( H ) ( 2) ( b) 221.3 (a) (b)(1) ( 2) ( 3) (c) ( 1) ( 2) ( 3) (d)(1) ( 2) ( 3) (i) (ii) ( 4) ( 5) (e) (f)(1) ( 2) ( g) added 2 2 1 . 1 ( a ) , 2 2 1 . 3 ( r ) and (t) 221.2 2 2 1 . 3 ( b ) and ( c ) (wi t h m o d i f i c a t i o n ) and 2 2 1 . 2 ( f ) ( 2 21 .2(k) 221.2(c) deleted 221.2(g)(1) 2 2 1 . 2 ( g ) ( 2) ( i ) 2 2 1 . 2 ( g ) ( 2 ) (i i ) 2 2 1 . 2 ( g ) ( 2 ) ( i i i ) and ( i v ) 221.2 (j) 221.2(j) 221.7(c) 221.7(c)(1) 221.7(c)(2) 221.7(d) 221.7(e) 221.3(h) 2 2 1 . 3 ( i ) ( 1 ) and ( 2) 2 2 1 , 3 ( i ) ( 1 ) and ( 3) 221.3(g)(w ith modification) (a)(1) ( 2) (3) (b)(1) (2)(i) (ii) (i i i ) (iv) ( c) (d)(1) ( 2) (e) (f)(1) (2) (g)(1) (2) ( i ) (ii) (iii) (iv) (h)(1) ( 2) ( 3) ( 4) (5) (i) added added added added added added added 2 2 1 . 3( k) 221.3(b)(2) added 2 2 1 . 1 ( a ) and 2 2 1 . 3 ( s ) 221.3(a) 2 2 1 . 3 ( n ) ( 3 ) ( mo d i f i e d ) 221.3(a) 221.3(c) 221.3(c)(1) 221.3(c)(2) 221.3(c)(3) 221.3(c)(3) 2 2 1 . 3 ( v ) (1) 2 2 1 . 3 ( v ) (2) 2 2 1 . 3 ( v ) ( 3 ) ( i ) and ( i i ) 2 2 1 . 3 ( v )(4) 2 2 1 , 3 ( v ) (5) 2 2 1 . 4 ( a ) , (b) and (j) (k) 2 2 1 . 3 ( d ) (1 l and (2) 221.3(b)(1) 2 2 1 . 3 ( s) 221. 3 TaTTT) (2) ( 3) (b) (c)(i) (i i ) (d)(1) (2) ( 3) (4) ( e) (f)(1) (i) -10- 2 2 1 . 1 ( a ) , 2 2 1 . 3(m) and 221.3(s) 2 2 1 . 3 ( t ) (3) and (4) ( mo d i f i e d ) 2 2 1 . 3( u) 221.3(a) added added 2 2 1 . 1 ( d ) and 2 2 1 . 3 ( n ) ( l ) 2 2 1 . 1 ( d ) and 2 2 1 . 3 ( n ) ( l ) added 2 2 1 . 3 ( n ) (3) 221.3(n)(l) 221.1(b) 221.1(b)(1) Old w i t h New New w i t h 01 d 221.3 c o n t ' d 221.3 c o n t 1 — u rr~ m— (i) (j) ( k) ( 1) (m) ( n ) (1) (2 ) (3) (4) ( o) (P) ( 1) (2 ) ( 3) (q) (r) (s) (t)(l) (2 ) ( 3) ( 4) ( u) (v)(l) (2 ) ( 3) ( 4) ( 5) (w) ( x) <y) (z) 221.4 (a) ( b) (c) ( d) ( 1) (2) ( 3) ( 4) ( 5) (6) ( 7) ( 8) ( 9) m. 3 ( k ) (j) (k) 221.1(b)(1) a dde d 221.3(g) 221.3(e) 221.3(f)(2) 221.3(f)(1) 221.3(f)(2) 2 2 1 . 3 ( i ) and 2 2 1 . 3 ( n ) ( 4 ) 221.3(h) 221.4 TTT~ ( b) a dde d a dde d (2 ) 221.3(j) deleted 221.2 ( f i r s t sentence) and 2 2 1 . 2 ( b ) ( 2 ) ( i v ) deleted 221.3(a)(1) 2 2 1 . 3 ( g ) and (h) deleted 2 2 1 . 3 ( d ) ( 4 ) and 2 2 1 . 2 ( f ) ( 1 ) 221.3 ( j ) , 221.6(h), 221.5(c)(8) and 2 2 1 . 2 ( f ) ( 2 ) 2 2 1 . 5 ( c ) ( 1 0 ) and 2 2 1 . 2 ( f ) ( 1 ) deleted deleted deleted deleted d e l e t e d ( Se e R e g u l a t i o n G, 12 CFR 207) 2 2 1 . 2 ( h ) , 2 2 1 . 3 ( a ) and 2 2 1 . 8 ( a ) 2 2 1 . 8 ( b ) and 2 2 1 . 2 ( f ) ( 1 ) 2 2 1 . 2 ( h ) and 2 2 1 . 3 ( a ) 2 2 1 . 3 ( d ) ( 1 ) and 2 2 1 . 8 ( a ) ( p a r t i a l l y deleted) 221.3(a)(2) deleted 221.3(a)(3) 221.2(h)(1) 221.2(h)(2) 221.2(h)(3) 221.2(h)(4) 221.2(h)(5) 2 2 1 . 5 ( c ) ( 11) and 2 2 1 . 2 ( f ) ( 1 ) (g) (h) ( i ) (1) (2 ) ( 3) 221.5 Tarr~ ( b) (c)(1) (2 ) ( 3) ( 4) ( 5) (i) (ii) (6 ) ( 7) (8 ) ( 9) ( i ) (ii) ( 10) (11 ) (12) ( 13) deleted 2 2 1 . 5 ( c ) ( 12) and 2 2 1 . 2 ( f ) ( 1 ) ( p a r t i a l l y deleted) 2 2 1 . 5 ( c ) ( 13) and 2 2 1 . 2 ( f ) ( 1 ) ( p a r t i a l l y deleted) I 1 1 1 1 1 1 2 2 1 . 8 ( a ) and ( c ) 221.8(a) deleted 221.7(a) 221.7(a)(3) 221.7(a)(1) 221.7(a)(8) 221.7(a)(9) 221.7(a)(5) 221.7(a)(4) 221.7(a)(7) 221.7(a)(2) 221.7(a)(6) 1 (g) 1 (h) 221.2(a) 221.2(a) 221.2(i) a dded 221.2(b) 221.2(f) 221.2(g) 2 2 1 . 3 ( n ) (4) 1 I 221.7 1 (a) 1 ( 1) 1 ( 2) 1 ( 3) 1 (4) 1 (5) 1 (6) 1 (7) 1 (8) 1 ( 9) 221.4(d) 221.4(d)(2) 221.4(d)(8) 221.4(d)(1) 221.4(d)(6) 221.4(d)(5) 221.4(d)(9) 221.4(d)(7) 221.4(d)(3) 221.4(d)(4) -11 221.6 (a) ( b) (c) ( d) (e) (f) 221.2 ( f i r s t sentence) 221.2 e)(modified) 221.2 e ‘ 221.2 f 221.2 g 221.2 h 221.2 j 2 2 1 . 2 j (1 ) 2 2 1 . 2 j (2 ) 2 2 1. 2 c (modified) 221.2 k 221.2 d 221.2 1 221.2 m 221.3 o (modified) 221.3 w (modified) 221.3 y (modified) 2 2 1 . 3 z (modi f i e d ) Ol d w i t h New I 221.4 c o n t ' d I I 1 1 1 1 1 1 1 1 1 1 1 1 1 221.7 c o n t ' d (d) (e) 221.4(e) 221.4(e) 221.4(e) 221.4(e) 221.4(e) 221.4(e) 221.4(e) 221.4(e) 221.3(d) 221.3(d) 221.3(d) 221.3(d) 221.3(d) I 1 1 1 221.8 (a) ( b) (c) 221.4(a) 221.3(s) 221.4(a) (e) (1) ( 2) ( 3) (4) (5) (6) (7) (f) 221. 7( b) 221.7(b)(3) 221.7(b)(1) 221.7(b)(7) 221.7(b)(4) 221.7(b)(6) 221.7(b)(2) 221.7(b)(5) deleted New wi t h Ol d 1 (b) ( 1) ( 2) ( 3) ( 4) (5) ( 6) ( 7) (c) ( 1) (2) 1 Boar d o f G o v e r n o r s o f t h e F e d e r a l R e s e r v e S y s t e m, October 17, 1983. (signed) William W. Wiles W i l l i a m W. Wi l e s S e c r e t a r y o f t h e Boa r d ( 2) ( 6) ( 1) ( 4) ( 7) ( 5) ( 3) ( 3) (3) ( i ) (3) (i i ) ( 4) ( 5) and (b and 22