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F e d e r a l R e s e r v e B a n k o f D a lla s DALLAS, TEXAS 75222 Circular No. 82-139 O ctober 28, 1982 REGULATION Z TRUTH IN LENDING TO ALL MEMBER BANKS AND OTHERS CONCERNED IN THE ELEVENTH FEDERAL RESERVE DISTRICT: The Board o f Governors o f the Federal R e se r v e S ystem has withdrawn, e f f e c t i v e S ep tem ber 29, 1982, the proposed changes in its rules concerning the tr e a tm e n t o f se lle r's points in Truth in Lending disclosures. The proposed changes w ere explained in our Circular No. 82-92 dated August 12, 1982. The Board withdrew its proposal to am end R egulation Z primarily as a result o f the c o m m e n ts r e ce iv e d . S p e c ific a lly , there is un certain ty concerning the e x te n t to which se lle rs points are passed on to the consum ers and the consum er b e n e fit o f any ac tio n in this area, as w ell as the c o s ts and disruptions th at any ac tio n could impose. Additional inform ation concerning the withdrawal is available from this Bank's L egal D ep artm en t, Extension 6171, or Gerald P. Hurst and C laren ce B. Cain, S t a f f A ttorn eys, Division o f Consumer and Com m unity A ffairs, Board o f Governors o f the Federal R ese r v e System , Washington, D .C ., 20551, (202) 452-2412 or (202) 452-3667. Additional cop ies o f this circular will be furnished upon request to the D ep a rtm en t o f Com m unications, Financial and C om m unity A ffairs, Extension 6289. Sincerely yours, William H. W allace First Vice President Banks and others are encouraged to use the following incoming W A TS numbers in contacting this Bank: 1-800-442-7140 (intrastate) and 1-800-527-9200 (interstate). For calls placed locally, please use 651 plus the extension referred to above. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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