The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FED ERA L R E S E R V E BANK O F DALLAS Station K, Dallas, T exa s 7 5 2 2 2 Circular No. 84-93 September 10, 1984 TO: All member banks and others concerned in the Eleventh Federal Reserve District ATTENTION: Chief Executive Officer SUBJECT: Regulation T — Credit by Brokers and Dealers SUMMARY: The Board of Governors of the Federal Reserve System has issued technical amendments to its Regulation T. The attached slip sheet should be filed in Volume 2 of your Regulations Binders. ATTACHMENTS: Amendments to Regulation slip sheet form MORE INFORMATION: Legal 6171 ADDITIONAL COPIES: Public Affairs Extension 6289 Department, T in Extension Department, B anks and others are encouraged to use the follow ing incom ing W A TS numbers in contacting this Bank: 1 - 8 0 0 -4 4 2 -7 1 4 0 (intrastate) and 1 - 8 0 0 - 5 2 7 - 9 2 0 0 (interstate). For c alls placed locally, please use 651 plus the extension referred to above. For Telex calls, please use 79-1 6 8 8. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) Board of Governors of the Federal Reserve System Amendments to Regulation T Credit by Brokers and Dealers July 1984* 1. The last sentence o f section 220.4(c)(1) is corrected to read as follows: Additional margin is required on any day when the day’s transactions create or in crease a margin deficiency in the account and shall be for the amount of the margin deficiency so created or increased. 2. Section 220.14(b)(2) is corrected by adding the word “and” after the semicolon. 3. Effective April 13,1984, section 220.14(b)(3) is amended to read as follows: (3) the deposit consists of any margin se curity and complies with the rules of the clearing agency which have been approved by the SEC. 4. The mandatory effective date fo r compli ance with the revised Regulation T is June 30, 1984. * A co m p lete R eg u latio n T , a s am ended effective Ju n e 27, 1984, consists o f— • th e S ecurities C red it T ra n sa ctio n s p am p h let d ated D e cem b er 1983 (see inside c o v e r) and • th is slip sheet.