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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.