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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 10,039 May 29, 1986 TREASURY TAX AND LOAN DEPOSITARIES Note Option and Memitt&mce Option Depositaries Reclassified Effective at tine Close off Business on June 4, 1986 To All Treasury Tax and Loan Depositaries in the Second Federal Reserve District: The Treasury Department has authorized and requested this Bank to reclassify the Treasury Tax and Loan Depositaries in this District into Note Option Depositaries (Classes A , B , and C), and Rem it tance Option Depositaries (Class 1 and Class 2), effective at the close o f business on June 4, 1986, on the basis o f the total deposits credited to tax and loan accounts during the period January 1 through December 31, 1985, exclusive o f direct investments and special direct investments. Accordingly, depositaries having a total o f such deposits during that period in the amounts indicated below will be grouped as follows: Notts Options Depositaries Class A — Less than $7,500,000. Class B — (1) $7,500,000 or m ore, but less than $70,000,000 and (2) $70,000,000 or more, but whose total deposit liability (demand and time) was $85,000,000 or less on September 30, 1985. Class C — $70,000,000 or m ore, and whose total deposit liability (demand and time) was more than $85,000,000 on September 30, 1985. Remittance Option Depositaries Class 1 — M ore than $4,000,000. Class 2 — $4,000,000 or less. Any depositary whose group classification will change effective at the close o f business on June 4, 1986 will be so notified by letter. Any questions regarding this matter may be directed to Jam es P . W allace, Chief o f our Accounting Operations Division (Tel. No. 212-791-6569). E. G erald C o r r ig a n , President.
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