The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
F ed er a l Reser ve Ba n k o f D a lla s
DALLAS. TEXAS
7S222
Circular No. 71-91
April 20, 1971
To the Member Bank Addressed:
As a result of the amendment effective April 1, 1971 to
Regulation M, "Foreign Activities of National Banks", a revised
reporting form, AC-238 X, for certain Euro-Dollar transactions has
been prepared. It should be noted that the revised form provides for
the reporting of the principal amount paid by a foreign branch of the
member bank for obligations held by such branch that were purchased
by it from the U. S. Treasury pursuant to its program announced on
April 1, 1971* This data is, of course, in addition to the other data
which is currently being reported.
As pointed out by the amended regulation, U. S. banks are
allowed to count toward maintenance of their reserve-free Euro-Dollar
bases any funds invested by their overseas branches in certain U. S.
Treasury obligations. On the revised form AC-238 X the holding of such
U. S. Treasury securities is to be reported in column three, "ExportImport Bank and Certain Treasury Obligations". The footnote for column
three has been appropriately revised to incorporate the latest change.
The form AC-238 X should be completed and forwarded to the
appropriate Federal Reserve office in the usual manner at the end of
each computation period. A one-year supply of the revised form is
enclosed.
In the event that there is any question in connection with
the amendment, please contact the Accounting Department at the Head
Office or appropriate Branch.
Yours very truly,
P. E. Coldwell,
President
Enclosures
This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
r
‘ AC -2 3 8
X
REV
4-7 1
TO: A C C O U N T IN G DEPARTMENT
□
□
□
□
Federal Reserve
Federal Reserve
Federal Reserve
Federal Reserve
Bank, Sta. K,
Bank Branch,
Bank Branch,
Bank Branch,
FROM:
D a lla s , Texas 75222
El Paso, Texas 79999
Houston, Texas 77001
San Antonio, Texas 78206
CLO SING BALANCES
FOR
C OM PUTATION
PERIOD
ENDING
WEDNESDAY
FOUR-WEEK REPORT OF CERTAIN EURO-DOLLAR TRANSACTIONS
{ BALANCES A T CLOSE OF BUSINESS STATED IN NEAREST TH O U S A N D S )
NET BALANCES
DUE
FOREIGN
BRANCH(ES)
COM PUTATION
PERIOD
1
MONTH
DAY
M ILLIO N S
EX-IM BANK
A N D CERTAIN
TREASURY *
O BLIGATIONS
ASSETS HELD BY
FOREIGN
BRANCH(ES)
THOU.
M ILLIO N S
4
3
2
THOU.
M ILLIO N S
BORROWINGS FROM FOREIGN B A N K S "
CR. EXTENDED
BY FOREIGN
BRANCH(ES)TO i
DEM AND
TIME
U.S. RESIDENTS I
TOTAL OF
COLS. 1 , 2 , & 3
THOU
M ILLIO N S
7
6
5
M ILLIO N S
THOU.
THOU.
M I L L IONS
THOU.
THOU.
M ILLIO N S
n
TOTALS
AVERAGES
RECO RD B ALANCES FOR EACH DAY
I C E R T IF Y T H A T T H E R E P O R T E D CLOSING B A L A N C E S
ARE C O R R E C T FOR TH E A BO VE D ATES
O FFIC IAL
AU TH OR IZED
DO NOT WRITE BELOW THIS L I N E - F O R FRB USE ON LY
R EQ UIRE MEN T ON THE NET BALANCES
DUE AND ASS ET S
HELD
BY
M l L L 1ONS
FO RE IG N
BRANCHES
,
THOUSANDS
1
1
i
[p le a s e
REQUIREMENT
EXTENDED
Ml L L 11'Nii
m a il
re p o rt
by
ON C R E n i T
9 Y FO RE IG N
TO U . S .
S I G N A T U R E _______________________________________________________________________________________________________________________
BRANCHES
s ic o n d
■
_________ j
r~
N
FOREIGN
L
______
day
a fte r
RE Q U IR E M E N T ON BORROWINGS
I" ROM
R E S ID E N T S
I
I
b u s in e s s
m T lT j
-N
,
th e
c lo s e
of
TOTAL
the
c o m p u ta tio n
RE QU IRE ME NT
P E R io tij
TO BE
USED
FOR MAI NT E NA NC E
PER IOD END I N G :
M ILLIO N S
THOUSANDS
BANKS
THni; ,A N P ^
I
I
_______ !_________
*
Th e p r i n c i p a l amo unt p a i d by a foreign branch of the member bank for o b li g a t i o n s h e l d by such branch t ha t we re p u r c h a s e d by
it from
(1 ) the E x p o r t- Im p o rt B a n k of the U n i t e d S ta te s pursua nt to its program an n o u n c e d on J an ua ry 15, 1971, a n d / o r ( 2 )
the U . S. Tr e as ur y
pursu ant to its program ann ounced on A p r i l 1, 1 971 .
**
D e p o s it s a s d e f i n e d in Se ction 2 0 4 . 5 ( c ) of the current Supplement to R e g u la t io n D .
i
I
I
I
@FedFRASER