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FED ER AL R E SE R V E BAN K
O F D A L LA S

Dallas, Texas, July 23, 1936

To the Member Bank Addressed:

We are sending you herewith supplement to Regulation D, issued, by
the Board of Governors of the Federal Reserve System, effective as to each
member bank after the close of business August 15, 1936.
After August 15, 1936, and until further notice, each member bank
will be required to carry a reserve with its Federal reserve bank of 4 ^
per centum of time deposits instead of 3 per centum as heretofore. Each
member bank which now is required to carry 10 per centum of net demand
deposits as reserve will be required to carry 15 per centum of such net
demand deposits and each member bank required to carry 7 per centum
of net demand deposits will be required to carry 101/2 per centum of such
deposits as reserve with the Federal reserve bank of its district.

Yours very truly,
b

. a . M cK i n n e y ,
President

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

BOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM

SUPPLEMENT TO REGU LATIO N D

Effective as to each member bank after the close of business
August 15, 1936

Reserves required to be maintained by member banks with
Federal Reserve banks

Pursuant to the provisions of section 19 of the Federal Reserve
Act and section 2(a) of its Regulation D, the Board of Governors
of the Federal Reserve System hereby increases by 50 per cent the
percentages of time deposits and net demand deposits set forth in
paragraphs (a), (b), and (c) of section 19 of the Federal Reserve
Act and section 2(a) of Regulation D which each member bank is
required to maintain on deposit with the Federal Reserve bank of its
district.