View original document

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

F ederal

reserve

Bank

DALLAS, TEXAS

of

Dallas

75222
Circular No. 82-19
February 18, 1982

REPORT OF TRANSACTION ACCOUNTS, OTHER DEPOSITS
AND VAULT CASH (FR 2900)

TO THE FINANCIAL INSTITUTION ADDRESSED
IN THE ELEVENTH FEDERAL RESERVE DISTRICT:
The Econom ic R eco v ery Tax A c t o f 1981 broadens elig ib ility for
Individual R e tir e m en t A ccounts (IRAs) and increases the maximum con ­
tribution allow able for both IRAs and Keogh Plan accou n ts. As part o f the
deregulation o f in terest rate ceilin g s, the D epository Institutions D eregulation
C o m m itte e (DIDC) authorized depository institu tions to o ffe r a new c e ilin g fr e e IRA /K eogh tim e deposit e f f e c t i v e D e cem b er 1, 1981. Consequently, IRAs
and Keogh Plan accou n ts could grow rapidly this year. In order to assist the
Federal R e se r v e in its in terpretation o f m o vem en ts in the m onetary
a g g reg ates, inform ation on the to ta l volum e o f IRA and Keogh dep osits is
needed.
The Federal R ese r v e System is conducting a survey to obtain
monthly inform ation on the am ount outstanding in IRA and Keogh Plan
a ccou n ts.
This survey is e n title d "Monthly Survey o f IRA and Keogh Plan
Accounts" (FR 2970; OMB No. 7100-0164), and will be conducted for the
months o f February, March and April o f 1982. All depository institu tions that
subm it the Report o f Transaction A ccounts, Other D ep osits and Vault Cash
(FR 2900) on a w eekly basis are required to submit this new monthly report.
The amount outstanding o f all tim e and savings d ep osits held in IRA and Keogh
Plan accou n ts as o f the la st Wednesday o f each month beginning with the
month o f February 1982 are to be reported. If you are unable to provide data
as o f the la st Wednesday o f the month, data as o f the la st business day o f the
month is a c c ep ta b le .
IR A /K eogh accounts are now included in personal and nonpersonal
savings and tim e d ep osits (Item s 10, 11, 13, and 14) on the Report o f
Transaction A ccou n ts, Other D ep osits and Vault Cash (FR 2900), but are not
shown sep a ra tely on that report. The new FR 2970 report does not change the
reporting o f this inform ation on the FR 2900.

Banks and others are encouraged to use the following incoming W A T S 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)

- 2 -

C opies o f th e new reporting form and self-ad d ressed en velop es are
en clo sed for your use. February reports are due to this Bank on Tuesday,
March 2. March reports will be due Tuesday, April 6 and April reports will
be due Tuesday, May 4. Q uestions regarding the survey should be d ir e c te d to
Stephen Welch o f our S ta tis tic a l D ep artm en t at (214) 651-6294. If you cannot
m ail the form s by th e d a te s lis te d above, p le a se telep h on e the inform ation to
Tara Kuban, (214) 651-6141; Linda R o c k e tt (214) 651-6254; or Deborah Perkins
(214) 651-6645. Your cooperation in c o m p le tin g and returning th e se reports in
a tim e ly manner will be very much appreciated.
Additional c o p ies o f this circular w ill be furnished upon request to
th e D ep artm en t o f C om m unications, Financial and C om m unity A ffairs, Ext.
6289.
S incerely yours,

William H. W allace
First Vice President
Enclosure

FR 2970
OMB No. 7100-0164
Approval expires— April 1982
Monthly Survey of
IRA and Keogh Plan Accounts
as of ____________ 19
(month)
(year)
This report is required by law [12 U.S.C.
§248(a) and §461].

The Federal Reserve System regards the infor­
mation provided by each respondent as con­
fidential. If it should be determined
subsequently that any information collected
on this form must be released, respondents
will be notified.

If you have no IRA or Keogh Plan deposits, please check this box,
sign the form, and return it to the Reserve Bank.
If you have any IRA or Keogh Plan deposits, please complete this form.

Please check one of the boxes below:
Data are as of the last Wednesday of the month
Data are as of the last business day of the month

Amount Outstanding
(in thousands of dollars)
Mils.
Thous.
Bils.
All time and savings deposits held in IRA and Keogh

Instructions:
Report the total amount outstanding of all time and savings deposits held in IRA and
Keogh Plans as of the last Wednesday of the month. (If you are unable to provide data
as of the last Wednesday of the month, you may report as of the last business day of the
month. Please indicate which as-of date your report reflects by checking one of the boxes
above.) Include all IRA and Keogh Plan time and savings deposits regardless of size,
maturity, interest rate paid, or applicability of interest rate ceilings. (Such deposits
are included in Items 10, 11, 13, and 14 on the Report of Transaction Accounts, Other
Deposits and Vault Cash (FR 2900).)
Individual Retirement Accounts (IRAs) are established under the Internal Revenue Code
to encourage savings for retirement by individuals. Keogh Plans (H.R.10) are similar
to IRAs but are established by self-employed individuals for themselves and/or their
employees.

Person to be contacted concerning this
report

(Area Code) Telephone Number and Extension