View original document

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

FEDERAL RESERVE BANK

O F DALLAS
T H O M A S R . S U L L IV A N
VICE P R E S ID E N T

DALLAS,TEXAS 75222

December 2, 1969

To the State Member Bank Addressed:
Section 2 16 .3 (a) of Regulation P, "Minimum Security
Devices and Procedures for Federal Reserve Banks and State Member
Banks/' requires that before January 1, 1970 (or within 30 days
after a State bank becomes a member of the Federal Reserve System)
the security officer of each State member bank, under such direc­
tion as shall be given him by the bank' board of directors, shall
s
survey the need for security devices in each of the bank’s banking
offices and provide for the installation, maintenance and operation
of the required devices in each such office. While the Regulation
does not require these devices to be installed by January 1, 1970,
it does require that provision for their installation be made by
that time. If banks are to file a compliance report as of June 30,
1970 , without showing exceptions, the devices must be installed by
then.
This letter is being sent to all member State banks as
a reminder of these requirements and to urge that the survey and
provision for the devices not be delayed.
Yours very truly,

Thomas R. Sullivan
Vice President

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102