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F ederal reserve Ban k of Dallas DALLAS. T E X A S 75222 Circular No. 78-177 December 21, 1978 SECURITIES AND EXCHANGE COMMISSION (Reporting Requirements for Institutional Investment Managers) TO ALL BANK HOLDING COMPANIES AND OTHERS CONCERNED IN THE ELEVENTH FEDERAL RESERVE DISTRICT: E arlier this year, the Securities and Exchange Commission announced the adoption of final rules relating to filing and reporting requirements for insti tutional investment managers pursuant to section 13(f) of the Securities Exchange Act of 1934, as amended. The final rules require that institutional investment managers, includ ing banks and bank holding companies, exercising investment discretion over ac counts having in the aggregate more than $100,000,000 in exchange-traded or NASDAQ-quoted equity securities must file a rep o rt with the Securities and Ex change Commission within 45 days after the end of each calendar year. This report should identify those securities, the aggregate amounts thereof held, the nature of such investment discretion, and any voting authority. Holdings of less than 10,000 sh a re s or $200,000 in market value need not be included in this report. The rules re q u ire five copies of the report (Form 13F) to be filed with the Securities and Ex change Commission and one copy of the report to be filed with the Board of Gover nors of the Federal Reserve System in the case of a State member bank or a subsid iary of a State member bank or a bank holding company which is not a national bank or an insured State nonmember bank. In response to requests for interpretations with respect to various a s pects of the ru le s , the Commission has also issued an interpretative release to a ssist interested persons in their understanding of, and compliance with, the filing and reporting requirements. If your bank holding company or a nonbank su b sid iary of such bank holding company Is subject to these filing requirem ents, a copy of the Federal Reg i s t e r notice announcing the adoption of the final rules and a copy of the Federal R e g is te r notice containing the interpretative release will be furnished upon request to the S e c re tary 's Office of this Bank, Ext. 6267. We have been advised by the Commission's staff that a list of exchangetraded and NASDAQ-quoted equity securities will be made available within the next Banks and others are encouraged to use the following incoming W A T S numbers in contacting this Bank: 1 -8 0 0 -4 9 2 -4 4 0 3 (intrastate) and 1-800 -527 -497 0 (interstate). F o r 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 - few weeks in o rd er to facilitate a determination by institutions as to whether it is required to report under the rule. This list can be obtained for a reasonable fee by contacting the Securities and Exchange Commission, 500 North Capitol Street, Washington, D.C. 20549. Any questions concerning the reporting requirements for Institutional Investment Managers should be directed to Mr. Michael S. Lichtenthal, (202) 755-9034, or Mr. W. Scott Cooper, (202) 755-1792, Division of Investment Manage ment, Securities and Exchange Commission, 500 North Capitol Street, Washington, D.C. 20549. Sincerely yours, Robert H. Boykin First Vice President
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