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FED ERA L R E S E R V E BANK O F DALLAS Station K, Dallas, T exas 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 — 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, Credit T by 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.