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Federal R ese r v e B ank
OF DALLAS
W ILLIAM H. W ALLACE

DALLAS, TEXAS 75222

f i r s t v ic e p r e s i d e n t

July 19, 1985
Circular 85-97

TO:

The Chief Executive Officer of all
depository institutions in the
Eleventh Federal Reserve District
SUBJECT

Treasury announces change to generic CUSIPS fo r STRIPS e f f e c t i v e
July 29, 1985.
DETAILS

Effective July 29, 1985, the Treasury department will
begin
assigning a single CUSIP number for each interest payment date for interest
components issued under the STRIPS (separate trading of registered interest
and principal of securities) program. A generic CUSIP number will be assigned
to all interest components paying interest on the same date, including those
previously issued with specific CUSIP numbers.
Separate CUSIP numbers will
continue to be assigned to each principal component.
During the weekend of July 27-28, the Treasury and Federal Reserve
Banks will convert the specific CUSIP numbers currently assigned to interest
components to a single CUSIP number for each payment date. On and after July
29, the designated generic CUSIP numbers will be used for maintaining and
trading interest components, as well as for future issues of interest
components having the same payment dates.
Federal Reserve Banks will make available to financial institutions a
list of the generic CUSIP numbers for interest payment dates, and a table for
conversion of current multiple CUSIP numbers (for a specific payment date)
into the generic CUSIP numbers. The change to generic CUSIP numbers may
require financial institutions to revise their internal recordkeeping systems.
The change to generic CUSIP numbers will further increase the
liquidity of the STRIPS program by substantially reducing the number of CUSIP
designations, and thus transactions, thereby reducing transaction costs and at
the same time broadening the marketability of STRIPS.

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)

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MORE INFORMATION
For more information, plea se con tact the follow in g in d iv id u a ls : Lynn
Vick, (214) 651-6263 a t the Dallas Branch; Robert W S c h u ltz , (915) 544-4730
.
a t the El Paso Branch; Luke Richards, (713) 659-4433 a t the Houston Branch; or
Tony Valencia* (512) 224-2141 a t the San Antonio Branch.
S in ce r e ly yo urs,