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federal reserve Ba n k DALLAS, TEXAS of Dallas 75222 Circular No. 83-26 February 23, 1983 REGULATION Q INTEREST ON DEPOSITS (Temporary Suspension of Early Withdrawal Penalty for Additional Louisiana Parishes) TO ALL MEMBER BANKS AND OTHERS CONCERNED IN THE ELEVENTH FEDERAL RESERVE DISTRICT: On January 13, 1983, the Board of Governors granted a temporary suspension of the Regulation Q (Interest on Deposits) penalty in the Louisiana parishes of Allen, Beauregard, Calcasieu, Catahoula, Grant, LaSalle, Natchitoches, Quachita, Rapides and Winn for depositors suffering property or other financial loss in the disaster areas. As a further result of the severe storms and flooding in December 1982, that order has been expanded to include the parishes of Caldwell, Franklin, Lincoln, Morehouse, Richland and Union. The Regulation Q penalty suspension is retro active to include deposits withdrawn on or a fte r January 17, 1983, and will remain in e ffe c t until 12:00 midnight July 11, 1983. Officer approval and certification of depositors’ loss statem e n ts will remain a requirem ent for penalty-free withdrawals from parishes included in the expanded order. Questions regarding this circular should be directed to the Legal D epartm ent, Extension 6171. Additional copies of this circular will be furnished upon request to the Public Affairs Departm ent, Extension 6289. Sincerely yours, William H. Wallace First Vice President B a n k s a n d o t h e r s a re e n c o u r a g e d to us e th e fo llo w in g in c o m in g W A T S n u m b e r s in c o n t a c t i n g th is Bank: 1-8 00 -4 42 -714 0 (i n tr a s t a te ) a n d 1- 800 -52 7-920 0 (i n te r s ta te ). Fo r c a ll s p l a c e d loca lly , p l e a s e us e 651 plus th e e x t e n s io n re fe rred to ab ov e. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
