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F ederal r eser ve Ban k o f D allas DALLAS. TEXAS 75222 Circular No. 71-31 February 95 1971 To the Member Bank Addressed: As a result of a recent amendment to Regulation M, "Foreign Activities of National Banks", revised work sheets AC-238 X, AC-239X, AC-2U0X and AC-2^1X concerning certain Euro-Dollar transactions, have been prepared. The attached revised work sheets include the amendment to Regulation M which became effective January 15, 1971 concerning the purchase of Export-Import Bank obligations by foreign branches. Form AC-238 X has been revised to provide an additional column entitled Export-Import Bank Obligations. Forms AC-239^, AC-2 ^0 X and AC-2^1X have been revised to appropriately identify the various columns as revised on Form AC-238 X. In addition, column five on Form AC-239X has been changed to indicate the low computation period since January 20, 1971 rather than the low computation period since December 23, 1970, as indicated on the current form. The Form AC-230 X should be completed and forwarded to the appropriate Federal Reserve office in the usual manner at the end of each computation period. The other attached revised forms are for your internal use. In the event that there is any difficulty in the utilization of these revised forms, please contact the Accounting Department at the Head Office or appropriate Branch. Yours very truly, P. E. Coldwell President Att achment s (U) This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) AC-23B X REV 2-7 1 TO: A C C O U N T IN G DEPARTMENT □ □ □ □ Federal Federal Federal Federal FROM: Reserve Bank, Sta. K, D a lla s , Texas 75222 Reserve Bank Branch, El Paso, Texas 79999 Reserve Bank Branch, Houston, Texas 77001 Reserve Bank Branch, San Antonio, Texas 78206 CLOSING BALANCES FOR COMPUTATION PERIOD ENDING WEDNESDAY FOUR-WEEK REPORT OF CERTAIN EURO-DOLLAR TRANSACTIONS DATE (B ALAN CE S A T CLOSE OF BUSINESS STATED IN NEAREST TH O U S A N D S ) NET BALANCES DUE FOREIGN BRANCH (ES) COMPUTATION PERIOD ASSETS HELD BY FOREIGN BRANCH(ES) EXPORT-IMPORT BANK O B L IG A T IO N S * 2 3 4 1 MONTH M ILLIO N S DAY THOU. CR. EXTENDED BY FOREIGN BRANCH(ES)TO U.S. RESIDENTS TOTAL OF COLS. 1 , 2 , & 3 M ILLIONS THOU. M ILLIO N S THOU M ILLIO N S BORROWINGS FROM FOREIGN B A N K S *• TIME 5 M ILLIO N S THOU. DEMAND 7 6 M ILLIO N S THOU. THOU. M ILLIO N S THOU. TOTALS AVERAGES RECO RD BALANCES 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 T H E A BO V E D AT E S a u t h o r iz e d DO NOT WRITE BELOW THIS L I N E - F O R FRB USE ONLY REQUIRENCNT DUE HE L D BY M ILLIO N S ON THE AND FOREIGN . NET BAL ANCE S A SS E TS BRANCHES THOUSANDS I I __________ I __________ |p le a s e RE Q UI R E ME N T EXT ENDED M ILLIO N S m a il re p o rt by ON C R E D I T BY F O R E I G N TO U . S . s ig n atu re BRANCHES RESIDEN TS , THOUSANDS I I _________I _________ second b u s in e s s day a fte r R E Q U I R EM EN T ON BORROWI NGS FROM F O RE I GN Ml L L IO N S the c lo s e of the c o m p u ta tio n p e rio d | TO TA L R E Q U I R EM EN T TO BE USED FOR M A I N T E N A N C E PER I OD END I N G ; BANKS THOUSANDS M ILLIO N S ____ i THOUSANDS I I I ________ * T h e p r i n c i p a l amount p a i d by a foreign branch o f the member bank for o b li g a t i o n s h e l d by such branch that wer e purchaser* by i t from the Ex p o r t - Im p o rt B a n k o f the U n i t e d S ta tes pu rs ua nt to it s program anno unc ed on J an ua ry 15, 1971. * * D e p o s it s as d e f i n e d in Section 2 0 4 . 5 ( c ) o f the current Sup plemen t to R e g u la t io n D . AC- 2 3 9 * REV. Federal Reserve Bank Dallas 2-7 T WORK SHEET FOR CALCULATING RESERVE REQUIREMENTS ON TRANSACTIONS WITH FOREIGN BRANCHES AMOUNT FROM A C -238 COL 1 & 2 AVERAGE C O M P U T A T IO N PERIOD _ tir . (2) LOW COMP. PERIOD SINCE 1 0-2 8 -7 0 (A C - 2 3 8 COL 4 A V E R A G E )* (3V 3% OF AVER. DEP. D U R IN G CURRENT CO M P. PERIOD ( A C -8 C OL 6 . 7, & 8) (4) LO W COMP PERIOD SIN C E 1-20-71 (A C - 2 3 8 COL 4 AVERAGE) (5) A M O U N T IN COL (4) OR (5) W H IC H EVER IS SMALLER A M O U N T IN C O L (3) OR (6) W H IC H E V E R IS GREATER m TO TAL AVERAGE BORR. FROM A C -2 3 8 COL 6 & 7 COL (7! M IN U S C OL (8) C OL (2) M IN U S COL (9) RES. REQ. 20% OF COL (10! *8) (9) (10} (in *7Tie b a s e c om put at io n p e r i o d endi ng D e c e m b e r 23, 1 970 , s ho ul d be co mpared wi th each subse quen t com put at ion p e r io d and the le s s e r amount s hou ld be in s e r t e d m t his column for the cur ren t comp utatio n per iod . M A IN T E N A N C E PERIOD 11?> A C - 2 4 0 X REV. WORK SHEET FOR CALCULATING RESERVE REQUIREMENTS ON CREDIT EXTENDED TO U.S. RESIDENTS BY FOREIGN BRANCHES 2-7 t C O M P U T A T IO N PERIOD (? ) Federal Reserve Bank Dallas A M O U N T FROM FORM A C - 2 3 8 C O L 5 AVERAGE (2) BASE PERIOD D A IL Y A VERA GE A M O U N T FOR 4 WEEK COMP PERIOD 1 1-2 5 -7 0 I A C - 2 3 8 C OL 5 AVE RAGE) (3) C O L U M N (2) M IN U S C O L U M N (3) (4) RESERVE REQUIREMENT 20% OF COL (41 M A IN T E N A N C E (5) (6) PERIOD AC-241 X REV. F ed eral Reserve Bank D a lla s 2-71 WORK SHEET FOR CALCULATING RESERVE REQUIREMENTS ON BORROWINGS FROM FOREIGN BANKS C O M P U T A T IO N PERIOD 0) T O TA L BORROWINGS (A C-238 COL 6 & 7 A VERAGE) (2) 3% OF AVER. DEP. D U R IN G CURRENT COMP. PERIOD AC-8 COL 6 . 7. 8* 8) 3% OF A V E R . DEP. D U R IN G COMP. PERIOD 1 1-25-70 A C -8 COL 6. 7. & 8) A M O U N T IN C OL 13) OR (4| W H IC H E V E R IS GREATER (3) <4> (5) LOW AVER. COMP. PERIOD SINCE 1 2-23-70 (A C-238 C OL 6 & 71 (6) A M O U N T IN C O L (5) OR 16) W H IC H EVER IS SMALLER COL (2) M IN U S COL (7) (7) (8) TOTAL RESERVE REQUIREMENT 20% OF COL (8) (9) M A IN T E N A N C E PERIOD (10)