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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)


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102