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Federal R eserve bank
OF DALLAS
WILLIAM H. WALLACE
DALLAS, TEXAS 7 5 2 2 2
F IR S T VICE P R E S ID E N T
March 28, 1986
Circular 86-26
TO:
All depository institutions in the
Eleventh Federal Reserve District
SUBJECT
Revised Bulletin 4 - Reserves of Depository Institutions
DETAILS
A revised Bulletin 4, Reserves of Depository Institutions, has been
prepared effective January 1, 1986, to include the 1986 Schedule of
Computation and Related Reserve Maintenance Periods for Weekly FR 2900
Reporters (Supplement A) and for Quarterly FR 2900 Reporters (Supplement B).
ATTACHMENTS
Attached is a copy of the revised Bulletin 4.
MORE INFORMATION
For further information, please contact Robert Feil at (214) 651-6690
or Evelyn Thomas at (214) 651-6132.
Sincerely yours
For additional copies of any circular please contact the Public Affairs Department at (214) 651-6289. Banks and others are
encouraged to use the following incoming WATS numbers in contacting this Bank (800) 442-7140 (intrastate) and (800)
527-9200 (interstate).
This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
BULLETIN 4
Reserves of
Depository Institutions
FEDERAL RESERVE BANK OF DALLAS
SCOPE
This bulletin sets fo rth g en e ra l inform ation p e rta in in g to re se rv e b a la n c e s th a t depository
institutions a re re q u ire d by Section 19 of the F ed eral R eserve A ct a n d R egulation D of the
B oard of G overnors of th e F ed eral R eserve System to m ain tain w ith this bank.
TABLE OF CONTENTS
Section 1, DEFINITIONS
Section 4, RESERVE COMPUTATION
1.00 FR 2900 R eport
1.05 C ontem poraneous R eserve R equirem ents
(CRR)
1.10 C om putation P eriod
1.15 M ain ten a n ce P eriod
1.20 R eference to B ulletin 1
4.00 How to com pute re se rv e s
4.05 P eriod to w hich com putation applies
4.10 R eserve b ala n c e
Section 5, PENALTIES
5.00
5.05
5.10
5.15
Section 2, TERMS
S ection 3, FR 2900 REPORT
3.00 Subm ission of FR 2900 R eport
3.05 FR 2900 R eport determ in es re se rv e
re q u irem en t
3.10 D eterm ination of b a la n c e s a t close of
th e banking day
3.15 C orrect com pletion of
FR 2900 R eport
3-86
P en alties for re se rv e deficiencies
A ssessm ent of p enalties
P enalty r a te
W aiv er of p en alties
S ection 6, PASS-THROUGH RESERVE
BALANCES
6.00 G eneral
6.05 D esignation
6.10 M ain ten a n ce of re serv e s
i
BULLETIN 4
FEDERAL RESERVE BANK OF DALLAS
Section 1, DEFINITIONS
Computation Period for Non-Personal Time and
Savings Deposits, Eurocurrency Liabilities an d
Vault Cash: (for W eeklly R eporters)—A two-week
p erio d w h ich ends on a M onday, 17 days before
the beginning of the correspon ding m ain ten a n ce
period; also called lagged com putation period.
The re s e rv e re q u irem en ts on non-personal time
an d savings deposits a n d E u ro cu rren cy liabilities
a re c a lc u la te d b a s e d on d a ta d ra w n from this
period. M oreover, v au lt c a sh from the perio d is
u sed to satisfy all re se rv e re q u irem en ts in the
correspo ndin g m ain ten an ce period. (See Supple
m ent A for c u rre n t schedule.)
1.00 FR 2900 Report
“ FR 2900 R ep o rt” m eans the R eport of T ra n s a c
tion A ccounts, O ther Deposits a n d V ault Cash,
Form FR 2900, sufficient copies of w hich a re a n
nually sup plied to depository institutions an d
e x tra copies of w hich m ay be ob tain ed from this
ban k as needed.
1.05 Contemporaneous Reserve Requirements
(CRR)
Effective F eb ru a ry 2, 1984, w eekly rep o rtin g in
stitutions a re re q u ire d to m ain tain re se rv e s on
th e ir tra n sa c tio n acco unt b a la n c e “ contem
p o ra n eo u sly ,” i.e., w ith a tw o-day lag, while
r e s e r v e r e q u ir e m e n t s on n o n - t r a n s a c t i o n
liabilities continue to be m et on a lagged basis. It
is im p o rtan t to note th a t CRR p lac es a g re a te r
responsibility on depository institutions to p ro jec t
th eir own re s e rv e re q u irem en ts on tra n s a c tio n
accoun ts b e c a u se the R eserve B ank will not be
able to supply depository institutions w ith final
r e s e r v e re q u ir e m e n ts in a d v a n c e of th e
m ain ten a n ce period.
Com putation p erio d (for Q u a rterly R eporters)—A
one-week p erio d beginning on the th ird T uesday
of M arch , June, S eptem ber an d D ecem ber an d
ending the following M onday, w hich co rresp o n d s
to a R eporting Period. (See Supplem ent B for c u r
re n t schedule.)
1.15 M aintenance Period
“ M ain ten a n ce P erio d ” (for W eekly R eporters)
m eans th e tw o-w eek— 14 d a y s—re se rv e perio d
s ta rtin g on a T h u rsd ay a n d ending on the second
W e d n esd ay th e re a fte r. In other w ords, the
m ain ten a n ce p erio d will en d only two days a fte r
the en d of its corresponding contem poraneous
com putation period, b u t 30 days a fte r the end of
its correspon ding lagged com putation period. Set
tlem ent day will th en be every o th er W ednesday.
1.10 Computation Period
“ Com putation P erio d ” (for W eekly R eporters)—A
two-week perio d beginning on a T uesday a n d end
ing on th e second M onday th e re a fte r, w hich con
sists of tw o R eporting Periods. D a ta from two
s e p a ra te com putation periods a r e re q u ire d to
ca lcu late th e T otal R eserve R equirem ent to be
m ain tain ed during a given M ain ten a n ce Period.
These are:
“ M ain ten a n ce P erio d ” (for Q u a rterly R eporters)
m eans the th irte e n one-week p eriod s w hich begin
on the fo urth T h u rsd a y following the en d of the
M arch , June, S eptem ber a n d D ecem ber com puta
tion period, during w hich a depository institution
holds R eserve a n d C learing B alances to satisfy its
Total B alance R equirem ent. A given m ain ten an ce
cycle for q u a rte rly re p o rte rs ends on the fourth
W ednesday a fte r th e close of th e in stitu tio n ’s
n e x t com putation period.
Computation Period for Transaction Accounts:
{for W eekly R eporters)—A two-week perio d
w hich begins on a T uesday, tw o days before the
beginning of the corresponding M ain ten a n ce
Period; also called th e contem poraneous com
p u tatio n period. The re se rv e re q u irem en t on
T ra n sa c tio n A ccounts is c a lc u la te d b a s e d on d a ta
d ra w n from this period. (See Supplem ent A for
c u rre n t schedule.)
3-86
1.20 R eference to Bulletin 1
S everal definitions, ru les of C onstruction, an d
1
BULLETIN 4
FEDERAL RESERVE BANK OF DALLAS
b a la n c e for a non-banking day will be identical
w ith th e b a la n c e for the im m ediately preced in g
banking day. W e com pute e a c h depository institu
tio n ’s b ala n c e w ith us a t the en d of e a c h day.
o th er provisions ap p licab le to this Bulletin a re
found in our Bulletin 1, “ G eneral Provisions,” an d
a re in c o rp o ra te d h e re in by re feren ce .
Section 2, TERMS
3.15 Correct com pletion o f FR 2900 Report
T erm s u se d in this B ulletin will have the sam e
m eanings given them in th e M o n etary Control Act
of 1980 an d in Regulation D of th e B o ard of Gover
nors, unless otherw ise indicated.
D etailed in stru ctio n s for the p re p a ra tio n of the
FR 2900 Report, including a glossary of term s, a re
fu rn ish e d to all rep o rtin g depository institutions.
Section 4, RESERVE COMPUTATION
Section 3, FR 2900 REPORT
4.00 How to com pute reserves
3.00 Submission o f FR 2900 Report
W ork sheets a re provided by the F ed eral R eserve
Bank of D allas for use in determ ining the am ount
of re se rv e s a depository institution m ust m aintain
w ith us. Depository institutions a re en c o u rag e d to
m ain tain c u rre n t com putations of th eir re q u ire d
re se rv e s so th a t they will be a w a re of th e ir re
q u ired re se rv e position an d be able to verify the
re q u ire d re se rv e s show n on the R eports of Re
q u ired R eserves. Copies of the w orksh eets a re
available upon req u est.
Each w eekly an d q u a rte rly re p o rtin g depository
institution sh all sen d this Bank a weekly or
q u a rte rly FR 2900 R eport. This R eport should be
com pleted a n d m ailed in tim e to re a c h this Bank
by th e W ed n esd ay following the M onday re p o rt
p erio d ending d a te . D epository in stitu tio n s
tran sm ittin g th eir d a ta through the F ed eral
R eserve Bank of D a lla s’ RESPONSE netw ork via
the Remote Edited D eposits System (REDSYS)
should do so by no la te r th a n 2:30 p.m. on the
T uesday following the M onday re p o rt p erio d en d
ing d ate.
4.05 Period to w hich computation applies
For w eekly re p o rte rs , the re se rv e com putation
m ade by a depository institutio n re p re s e n ts the
re se rv e s re q u ire d to be m ain tain ed during the
M ain ten a n ce Period, w hich ends only tw o days
a fte r the end of its corresp onding contem
p o ra n eo u s com putation period, b u t 30 days a fte r
the end of its correspond ing lagged com putation
period. For q u a rte rly re p o rte rs , the re la te d
seven-day m ain ten a n ce periods begin on the
fo u rth T h u rsd a y following the en d of M arch , June,
S eptem ber a n d D ecem ber com putation p eriod
an d ends on the fo u rth W ed n esd ay a fte r th e close
of the in stitu tio n ’s n ex t com putation period.
3.05 FR 2900 Report determ ines reserve
requirement
The FR 2900 R eport of a depository institution will
d eterm ine the am ount of re se rv e s re q u ire d to be
m ain tain ed in its re se rv e b a la n c e for the
M ain ten an ce Period. As provided in Section
204.3(c) of R egulation D, th e re se rv e re q u irem en ts
of depository institutions a re d eterm in ed on the
b a sis of av e rag e daily deposit b a la n c e s an d
av e rag e daily v ault c a s h during the Com putation
Period, as set out in the FR 2900 Report(s) for th a t
period.
4.10 Reserve balance
3.10 Determination o f balances at close of the
banking day
The re s e rv e b a la n c e of a depository institution
sh all consist of the depository in stitu tio n ’s
a v e rag e daily b a la n c e w ith this Bank a t the end of
e a c h day during the re la te d M ain ten an ce Period.
The b a la n c e for e a c h day should re fle c t the
b a la n c e at th e close of business th a t day. The
3-86
2
BULLETIN 4
FEDERAL RESERVE BANK OF DALLAS
Section 6, PASS-THROUGH RESERVE BALANCES
Section 5, PENALTIES
6.00 General
5.00 Penalties for reserve d eficiencies
This section sets forth the term s for pass-through
re s e rv e b a la n c e s m ain tain ed by pass-th ro u g h co r
resp o n d en ts, including depository institutions
th a t m ain tain re q u ire d re serv e s a t this Bank,
F ed eral Home Loan Banks, the C entral Liquidity
Facility of the N ational C redit Union A dm inistra
tion, h e a d or b ra n c h offices of a n Edge or A gree
m ent C orporation, U nited S tates b ra n c h e s an d
agencies of foreign banks, or other au th o rized in
stitutions, for resp o n d en ts lo ca te d in this F ed eral
R eserve D istrict, as p rovided in Section 204.3(i)
of R egulation D of th e B o ard of G overnors of
the F ed eral R eserve System (“ P ass-Through
C o rre sp o n d en ts” ).
D epository institutions will be notified in w riting
of any re serv e deficiency. Any ex cess or deficien
cy of a depository in stitu tio n ’s re q u ire d re se rv e s
will be c a rrie d fo rw a rd to the following re se rv e
m ain ten an ce p erio d to the e x te n t su ch ex cess or
deficiency does not ex ceed 2 % of the re se rv e s re
q u ired in the m ain ten a n ce p erio d in w hich th e ex
cess or deficiency o ccu rred . Any excess or defi
ciency g re a te r th a n 2 % will not be c a rrie d for
w a rd . Any portion of the 2 % allow able excess or
deficiency not offset in the im m ediately following
re se rv e m ain ten a n ce p eriod m ay not be ag ain c a r
ried fo rw a rd to su b seq u en t m ain ten an ce periods.
A depository in stitution desiring to serv e as a
Pass-Through C orrespondent for an institution
lo cated in an o th e r F ed eral R eserve D istrict (a
depository institution, a b ra n c h or agency of a
foreign bank, or a h e a d or b ra n c h office of an
Edge or A greem ent corporation) should co n ta ct
the F ed eral R eserve Bank of the D istrict in w hich
the p rop osed re sp o n d en t is lo cated. This Bulletin
does not ap p ly to s u c h p a s s -th ro u g h a r
ran g em en ts involving re sp o n d en ts lo ca te d in
o th er F ed eral R eserve D istricts.
5.05 A ssessm ent o f penalties
A deficiency p en alty will be a sse sse d on the 25th
day of the month, tw o m onths following the m onth
in w hich one or m ore re se rv e deficiencies a re in
cu rred . If the 25th d ay of the m onth is on a non
banking day, the p en alty will be a sse sse d on the
first banking day following th e 25th.
5.10 Penalty rate
P enalties a re a ss e ss e d a t a r a te of 2 % p e r a n n u m
g re a te r th a n the low est ra te in effect for b o rro w
ings from this Bank on the first day of the ca le n
d a r m onth in w hich the deficiency or deficiencies
o c c u rre d as sta te d in the Supplem ent A to
Bulletin 2.
6.05 Designation
A nonm em ber depository institution, a b ra n c h or
agency of a foreign bank, or a h e a d or b ra n c h of
fice of an Edge an d A greem ent co rp o ratio n
lo ca te d in th e Eleventh F ed eral R eserve D istrict
(“ R espond en t” ) m ay elect to m aintain its re q u ire d
re se rv e b a la n c e s w ith this Bank or through a
Pass-Through C orrespo ndent by designating a
Pass-Through C orrespo ndent in a “ Pass-Through
A greem ent” le tte r in the form se t forth in Exhibit
I of this Bulletin. The Pass-Through C orrespon
dent d esig n ated in th a t le tte r m ust also execute
the le tte r a n d fo rw a rd it to us. The designation of
a Pass-Through C orrespond en t will becom e effec
tive on the d a te specified by us in le tte rs to the
5.15 W aiver of penalties
This Bank h a s d iscre tio n a ry pow er to w aive
p en alties for deficiencies, an d su ch pow er shall
be ex e rcised on a case-by-case b a sis w ith p a r
ticu lar atten tio n given to in stan ce s in w hich the
penalty w ould be sm all an d the depository in stitu
tion is making a p p ro p ria te efforts to m ain tain
a d e q u a te re serv e s.
3-86
3
BULLETIN 4
FEDERAL RESERVE BANK OF DALLAS
re c o rd s show ing all tra n sa c tio n s affecting the
m ain ten a n ce of re s e rv e b a la n c e s by e a c h of its
R espondents.
P ass-T hrough C o rrespondent a n d th e R espondent
acknow ledging re c e ip t of the A greem ent.
If th e P ass-T hrough C o rrespond en t is lo ca te d in
th e Eleventh F ed eral R eserve D istrict, it m ay elect
to include its R esp ondents’ p ass-th ro u g h re se rv e
b a la n c e s in its re s e rv e ac co u n t (“ R eserve Ac
c o u n t” ), or m ay ele ct to e stab lish a t th e office
w h e re it m ain tain s its R eserve A ccount a
s e p a ra te p ass-th rou gh acco u n t w ith this Bank in
w hich to hold all re s e rv e b a la n c e s of only its
R espondents lo ca te d in this D istrict (“ P ass
T hrough A cco unt” ), in e a c h ca se subject to the
term s of this Bulletin. If the Pass-Through Cor
re sp o n d en t is lo cated in an o th e r F ed eral R eserve
D istrict, it m ust e stab lish a Pass-Through A ccount
on our books.
A P ass-T hrough C orrespon dent m ay u se a P a ss
T h rou gh A ccount only for tra n s a c tio n s of
R espondents a n d c a n eith e r m ain tain b ala n ces
for w eekly re sp o n d en ts only, for q u a rte rly
re sp o n d en ts only, or for both w eekly a n d q u a r te r
ly resp o n d en ts. Since q u a rte rly re p o rte rs m ain
ta in re se rv e s on a weekly basis, a Pass-Through
C o rrespond en t th a t is a w eekly re p o rte r m ust
m a in tain sufficient b a la n c e s in the acco unt for
e a c h w eek of the two-week m ain ten a n ce p erio d to
satisfy the to tal b a la n c e req u irem en ts of the
q u a rte rly re p o rte rs. If the m ain ten a n ce b ala n c e
in e a c h w eek does not satisfy th e to tal b a la n c e re
q u ire m e n ts fo r e a c h w e ek fo r q u a r te r ly
re p o rte rs, a p en a lty m ay be im posed on th e P ass
Through C orrespondent.
The re s e rv e b a la n c e s of R espondents will be com
m ingled in e ith e r th e P ass-T hrough C orrespon
d e n t’s R eserve A ccount or P ass-T hrough A ccount.
The b a la n c e s in th e R eserve A ccount or P a ss
T hrough A ccount shall be deem ed to be the p ro
p e rty of the P ass-T hrough C orrespo ndent an d
shall be su b ject to its sole order.
In quiries re g ard in g the provision of services by
this B ank d irectly to R espondents involving the
use of the R eserve A ccount or the Pass-Through
A ccount of its Pass-Through C orrespondent
should be a d d re s se d to the a p p ro p ria te o p erating
a r e a of this Bank. A re sp o n d en t th a t m ain tain s
re s e rv e s w ith a Pass-Through C orresp ondent an d
d esire s d ire c t ac cess to this B ank’s serv ices may,
w ith o ur p rio r approval, open a clearin g accou nt
w ith us for th a t purpose.
6.10 M aintenance o f reserves
A t the en d of e a c h m ain ten a n ce period, this Bank
will issue to e a c h Eleventh F ed eral R eserve
D istrict depository in stitution a d eta ile d s ta te
m ent indicating its re se rv e re q u irem en t for the
m ain ten a n ce period. At th e sam e time, the P a ss
T hrough C orrespo ndent will be fu rn ish e d w ith a
sum m ary of the to tal re se rv e re q u irem en t for its
R espondents lo ca te d in the Eleventh F ed eral
R eserve D istrict for th e m ain ten a n ce period. Any
pen a lty for deficiency in re s e rv e b a la n c e s for the
m ain ten a n ce p erio d will be im posed by this Bank
on the P ass-T hrough C orrespo ndent by d ebit to
the R eserve A ccount, or Pass-T hrough A ccount,
in w hich the deficiency occurs. The Pass-Through
C orrespond en t m ay reco u p any su ch p en a lty from
a R espondent in a c c o rd a n c e w ith any agreem ent
b etw e en them .
All w ire tra n s f e rs of funds or paym ents for w ire
tra n s fe rs of se c u ritie s from th e R eserve A ccount
or the Pass-T hrough A ccount m ust be m ade by the
Pass-Through C orresp ondent an d m ay not be
m ade by a R espondent. All w ire tra n s fe rs of funds
or sec u ritie s to a R espondent not m aintaining
clearin g accoun ts w ith this Bank m ust be for the
acco u n t of th e Pass-Through C orrespond en t or
o th er c o rresp o n d e n t m aintaining an acco u n t w ith
this B ank an d m ay desig nate th a t the tra n s a c tio n
is for th e b en efit of the R espondent in the d esc rip
tion portion of the tra n s f e r m essage.
A R espondent m ay te rm in a te a Pass-Through
A greem ent by delivering w ritte n notice of t e r
m ination to our F in ancial Planning an d Control
The Pass-Through C orrespondent shall m ain tain
a n d re ta in for a p erio d of a t le a s t five y e a rs
3-86
4
BULLETIN 4
FEDERAL RESERVE BANK OF DALLAS
D epartm ent an d its P ass-T hrough C orrespondent.
A Pass-T hrough C orrespo ndent m ay te rm in a te its
A greem ent by delivering w ritte n notice of te r
m ination to our F inancial Planning an d Control
D epartm ent an d its R espondent. Unless otherw ise
specifically ag reed to by this Bank, term in atio n by
eith er a R espondent or P ass-Through C orrespon
d ent will be effective a t our close of b u sin ess on
the final day of th e m ain ten a n ce p erio d th a t ends
fo u rteen days a fte r the m ain ten a n ce p erio d in
w h ich th e notice is reciev ed by this Bank. This
Bank will estab lish a re s e rv e ac co u n t on its books
in th e nam e of the form er R espondent im m ediate
ly upon term in atio n of the P ass-T hrough A gree
m ent u nless a n ew P ass-Through A greem ent h a s
b ee n estab lish ed in ac co rd a n ce w ith the provi
sions of Section 6.05.
This Bank m ay term in a te a Pass-Through A gree
m ent by issuing w ritte n notice of term ination to
th e R espondent an d the Pass-Through C orrespon
dent. Such term ination shall be effective w hen
receiv ed by the R espondent or a t such la te r d a te
as is specified in the notice.
3-86
5
BULLETIN 4
FEDERAL RESERVE BANK OF DALLAS
SUPPLEMENT A
FOR WEEKLY REPORTERS
1986 SCHEDULE OF COMPUTATION AND RELATED RESERVE MAINTENANCE PERIODS
(For R eserves Held D irectly w ith FRB or w ith a Pass-Through C orrespondent)
R eports of T ra n sa c tio n A ccounts, O ther Deposits an d V ault Cash, Form FR 2900, (and re la te d re p o rts, if
applicable) should b e m ailed as soon as possible a fte r the en d of the com putation period.
Listed below a re the periods in w hich th e re q u ire d re s e rv e s m ust be m ain tain ed a n d th e re la te d period s
u sed for com puting re q u ire d re serv e s.
Computation Period
Maintenance Period
01/02/86 - 01/15/86
01/16/86 - 01/29/86
01/30/86 - 02/12/86
02/13/86 - 02/26/86
02/27/86 - 03/12/86
03/13/86 - 03/26/86
03/27/86 - 04/09/86
04/10/86 - 04/23/86
04/24/86 - 05/07/86
05/08/86 - 05/21/86
05/22/86 - 06/04/86
06/05/86 - 06/18/86
06/19/86 - 07/02/86
07/03/86 - 07/16/86
07/17/86 - 07/30/86
Non Transaction Accounts
and Vault Cash
12/03/85
12/10/85
12/17/85
12/24/85
12/31/85
01/07/86
01/14/86
01/21/86
01/28/86
02/04/86
02/11/86
02/18/86
02/25/86
03/04/86
03/11/86
03/18/86
03/25/86
04/01/86
04/08/86
04/15/86
04/22/86
04/29/86
05/06/86
05/13/86
05/20/86
05/27/86
06/03/86
06/10/86
06/17/86
06/24/86
-
12/09/85
12/16/85
12/23/85
12/30/85
01/06/86
01/13/86
01/20/86
01/27/86
02/03/86
02/10/86
- 02/17/86
- 02/24/86
- 03/03/86
- 03/10/86
- 03/17/86
- 03/24/86
- 03/31/86
- 04/07/86
- 04/14/86
- 04/21/86
- 04/28/86
- 05/05/86
- 05/12/86
- 05/19/86
- 05/26/86
- 06/02/86
- 06/09/86
- 06/16/86
- 06/23/86
- 06/30/86
A -l
Transaction
Accounts
12/31/85
01/07/86
01/14/86
01/21/86
01/28/86
02/04/86
02/11/86
02/18/86
02/25/86
03/04/86
03/11/86
03/18/86
03/25/86
04/01/86
04/08/86
04/15/86
04/22/86
04/29/86
05/06/86
05/13/86
05/20/86
05/27/86
06/03/86
06/10/86
06/17/86
06/24/86
07/01/86
07/08/86
07/15/86
07/22/86
-
-
-
-
01/06/86
01/13/86
01/20/86
01/27/86
02/03/86
02/10/86
02/17/86
02/24/86
03/03/86
03/10/86
03/17/86
03/24/86
03/31/86
04/07/86
04/14/86
04/21/86
04/28/86
05/05/86
05/12/86
05/19/86
05/26/86
06/02/86
06/09/86
06/16/86
06/23/86
06/30/86
07/07/86
07/14/86
07/21/86
07/28/86
BULLETIN 4
FEDERAL RESERVE BANK OF DALLAS
SUPPLEMENT A (cont.)
Computation Period
Maintenance Period
07/31/86 - 08/13/86
08/14/86 - 08/27/86
08/28/86 - 09/10/86
09 /1 1 /8 6 -0 9 /2 4 /8 6
09/25/86 - 10/08/86
10/09/86 - 10/22/86
10/23/86 - 11/05/86
11/06/86 - 11/19/86
11/20/86 - 12/03/86
12/04/86 - 12/17/86
12/18/86 - 12/31/86
Non Transaction Accounts
and Vault Cash
07/01/86
07/08/86
07/15/86
07/22/86
07/29/86
08/05/86
08/12/86
08/19/86
08/26/86
09/02/86
09/09/86
09/16/86
09/23/86
09/30/86
10/07/86
10/14/86
10/21/86
10/28/86
11/04/86
11/11/86
11/18/86
11/25/86
-
-
-
07/07/86
07/14/86
07/21/86
07/28/86
08/04/86
08/11/86
08/18/86
08/25/86
09/01/86
09/08/86
09/15/86
09/22/86
09/29/86
10/06/86
10/13/86
10/20/86
10/27/86
11/03/86
11/10/86
11/17/86
11/24/86
12/01/86
A-2
Transaction
Accounts
07/29/86
08/05/86
08/12/86
08/19/86
08/26/86
09/02/86
09/09/86
09/16/86
09/23/86
09/30/86
10/07/86
10/14/86
10/21/86
10/28/86
11/04/86
11/11/86
11/18/86
11/25/86
12/02/86
12/09/86
12/16/86
12/23/86
-
-
08/04/86
08/11/86
08/18/86
08/25/86
09/01/86
09/08/86
09/15/86
09/22/86
09/29/86
10/06/86
10/13/86
10/20/86
10/27/86
11/03/86
11/10/86
11/17/86
11/24/86
12/01/86
12/08/86
12/15/86
12/22/86
12/29/86
FEDERAL RESERVE BANK OF DALLAS
BULLETIN 4
SUPPLEMENT B
FOR QUARTERLY REPORTERS
1986 SCHEDULE OF COMPUTATION AND RELATED RESERVE MAINTENANCE PERIODS
(For R eserves H eld D irectly w ith FRB or w ith a Pass-Through C orrespondent)
R eports of T ra n sa c tio n A ccounts, O ther Deposits an d V ault Cash, Form FR 2900, (and re la te d re p o rts, if
applicable) should b e m ailed as soon as possible a fte r the end of the com putation period.
Listed below a r e th e p erio ds u sed for com puting re q u ire d re se rv e s a n d the re la te d p eriods in w hich the
re q u ire d re s e rv e s m ust b e m aintained.
COMPUTATION PERIOD
MAINTENANCE PERIOD
(13 Weeks)
03/18/86 - 03/24/86
04/17/86
04/24/86
05/01/86
05/08/86
05/15/86
05/22/86
05/29/86
06/05/86
06/12/86
06/19/86
06/26/86
07/03/86
07/10/86
- 04/23/86
- 04/30/86
- 05/07/86
- 05/14/86
- 05/21/86
- 05/28/86
- 06/04/86
- 06/11/86
- 06/18/86
- 06/25/86
- 07/02/86
- 07/09/86
- 07/16/86
06/17/86 - 06/23/86
07/17/86
07/24/86
07/31/86
08/07/86
08/14/86
08/21/86
08/28/86
09/04/86
09/11/86
09/18/86
09/25/86
10/02/86
10/09/86
- 07/23/86
- 07/30/86
- 08/06/86
- 08/13/86
- 08/20/86
- 08/27/86
- 09/03/86
- 09/10/86
- 09/17/86
- 09/24/86
- 10/01/86
- 10/08/86
- 10/15/86
B-1
BULLETIN 4
FEDERAL RESERVE BANK OF DALLAS
SUPPLEMENT B (cont.)
MAINTENANCE PERIOD
(13 Weeks)
COMPUTATION PERIOD
09/16/86 - 09/22/86
10/16/86 10/23/86 10/30/86 11/06/8611/13/86 11/20/86 11/27/86 12/04/86 12/11/86 12/18/86 12/25/86 01/01/87 01/08/87 -
10/22/86
10/29/86
11/05/86
11/12/86
11/19/86
11/26/86
12/03/86
12/10/86
12/17/86
12/24/86
12/31/86
01/07/87
01/14/87
12/16/86 - 12/22/86
01/15/87
01/22/87
01/29/87
02/05/87
02/12/87
02/19/87
02/26/87
03/05/87
03/12/87
03/19/87
03/26/87
04/02/87
04/09/87
01/21/87
01/28/87
02/04/87
02/11/87
02/18/87
02/25/87
03/04/87
03/11/87
03/18/87
03/25/87
04/01/87
04/08/87
04/15/87
B-2
-
Exhibit I
PASS-THROUGH AGREEMENT
TO:
FEDERAL RESERVE BANK OF DALLAS (Federal)
[
[
] H ead Office
] El P aso B ran c h
[ ]
[ ]
H ouston B ran ch
San Antonio B ranch
The u n d ersig n e d R espondent a n d C orresp ondent ag ree as follows:
1. R espondent h ereb y selects C orrespon dent to p a ss through R espon dent’s re q u ire d re se rv e s
to F ederal.
2. R espondent shall m a in tain its re se rv e s in a n account a t C orrespondent, an d C orrespondent
shall p a s s th roug h su ch re se rv e s to an acco u n t a t F ed eral e sta b lish ed p u rs u a n t to
[
[
[
] §204.3(i)(3)(i)(A) or
] §204.3(i)(3)(i)(B) or
] §204.3(i)(3)(iii)
of Regulation D.
3. R egulation D (12 CFR P a rt 204) a n d F e d e ra l’s Bulletin 4 as they now ex ist or a r e h e re a fte r
am end ed provide additional term s an d conditions as to this agreem ent, a n d the p a rtie s ag ree
to comply th erew ith .
4. This ag reem en t m ay be te rm in a te d only in ac co rd a n ce w ith B ulletin 4.
5. Effective d a te to be supplied by F e d e r a l:__________________________________________________
(Respondent)
___________________
(Correspondent)
A ddress
_____________________________________
A ddress
B y ------------------------------------------------------------------By ________________________________________________
_________________________________________
Title
_________________________________________ D ate
_________________________________________
Title
___________________________________________ D ate
ACCEPTED AND AGREED TO:
FEDERAL RESERVE BANK OF DALLAS
By
Title
D ate
(Note: Prepare in triplicate. After execution by both Respondent and Correspondent, forward all copies to Federal for acceptance.
Upon acceptance, Federal will supply an effective date and return one copy each to Respondent and Correspondent.)
