Full text of District Notices (Federal Reserve Bank of Dallas) : [Regulations G, T and U - Effective Date Extended], Circular No. 68-58

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Federal Reserve

bank

of

Dallas

D ALLA S, TEXAS 7 5 2 2 2

Circular No. 68-58
March 1, 1968

T o All B anks and O thers Concerned
in th e E leventh Federal R eserve D istrict:

The Board of Governors of the Federal Reserve System has taken action
to defer for 30 days the effective date of certain paragraphs in margin regu­
lations. The following is text of press statement dated February 29, 1968,
announcing this action:
To mitigate the administrative burden connected with handling a
substantial volume of ministerial agency transactions involved in effectu­
ating the requirements of sections 221.3 (u) of Regulation U, 207.4(f)
of Regulation G, and 220.7(f) of Regulation T, the Board has deferred
the effective date of such paragraphs from March 11 to April 10, 1968.
The provisions to be deferred restrict the services which may be per­
formed by a bank, broker/dealer, or other lender subject to margin
regulation, as agent, in connection with credit that is secured by registered
securities.

Yours very truly,
P. E. Coldwell
President

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)