The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FED ER A L RESERVE BANK OF NEW YORK [ Circular No. 10298 ~1 May 12, 1989 j DISTRIBUTION OF OFFICIAL COMMUNICATIONS TO DEPOSITORY INSTITUTIONS AND OTHERS Revised Prices for Sets of Regulations and Operating Circulars To All Depository Institutions in the Second Federal Reserve District, and Others Concerned: Circulars of this Bank The Federal Reserve Bank of New York sends communications on a regular basis to all depository institutions in the Second Federal Reserve District, and to certain others on our mailing lists, advising them of changes in the regulations of the Board of Governors of the Federal Reserve System, changes in this Bank’s policies, practices, or operating procedures, fees for our priced services, and other matters of interest. These communications — called “circulars” — are mailed directly to the head office of each depository institution in this District, and to others on our mailing lists who have requested such information. Regulations and Operating Circulars In addition, the Circulars Division of this Bank can provide you with complete sets of this Bank’s operating circulars and the regulations of the Board of Governors (including the Official Staff Commentaries on certain of those regulations). If you wish to maintain such sets, with or without looseleaf binders, you may obtain them from the Circulars Division in accordance with the revised price schedule set forth below. When you purchase a set of regulations or operating circulars your name will be added to an appropriate mailing list to receive updates of those materials; there is no charge for this updating service. The prices set forth below reflect our costs, including postage and shipping charges when applicable, are ef fective immediately, and may be changed without notice. Board Regulations FRBN Y Operating Circulars Both Items $ 2 4 .0 0 3 .1 8 $ 1 0 .0 0 2 .4 0 $ 3 4 .0 0 4 .1 5 $ 2 7 .1 8 $ 1 2 .4 0 $ 3 8 .1 5 Sets with looseleaf b inders................................................................... $ 5 8 .0 0 $ 2 3 .0 0 $ 8 1 .0 0 Postage (if m a ile d )............................................................................. 5 .4 3 3.61 7 .5 5 Packaging charge (if m a ile d )......................................................... 2 .5 0 2 .0 0 2 .5 0 $ 6 5 .9 3 $28.61 $ 9 1 .0 5 Looseleaf binders o n l y .......................................................................... $ 3 4 .0 0 $ 1 3 .0 0 $ 4 7 .0 0 Postage (if m a ile d )............................................................................. Packaging charge (if m a ile d )......................................................... 3.61 2 .7 4 4 .5 8 2 .5 0 2 .0 0 2 .5 0 $40.11 $ 1 7 .7 4 $ 5 4 .0 8 Sets without binders (includes cost of printing and handling) Postage (if m a ile d )............................................................................. (OVER) With each set of regulations or operating circulars purchased, the Circulars Division encloses a list of currently effective regulations or operating circulars, as appropriate. These lists, which will enable you to determine whether your sets are complete, can be obtained without charge from the Circulars Division at any time. (Copies of the current lists are enclosed with this circular for your information.) Also enclosed — for those who maintain sets of regulations and operating circulars — are revised Contents pages for those documents. Requests for printed matter and inquiries Requests for any of the above materials should be directed to the Circulars Division (Room 1120), Federal Re serve Bank of New York, 33 Liberty Street, New York, N. Y. 10045, and should be accompanied by a check or money order made payable to the Federal Reserve Bank of New York. Payment by cash will be accepted only if it is in the exact amount specified in the above schedule; please do not mail cash. Inquiries regarding these procedures or re quests for additional information concerning prices should be directed to the Circulars Division (Tel. No. 212-720-5215 or 5216). Requests for specific documents The Circulars Division will furnish copies of specific circulars, regulations, and operating circulars, without charge, upon request, subject to their availability; we reserve the right, however, to impose a charge for large orders or for searching or copying. Requests for mailing list changes Requests to add names to our mailing lists in order to receive circulars, regulations, or other printed matter distributed by the Circulars Division should be made in writing or in person at the address indicated above and should specify the types of materials desired; telephone requests to make additions to the list will not be accepted. If your name already appears on one of the Bank’s mailing lists, and you wish to have it deleted or to change or correct your address label, you should return the incorrect label with your request. Effect of this circular on previous circular This circular supersedes Circular No. 9850, dated May 3, 1985. E. G erald C orrigan , P resid en t. F ed e r a l R es er ve Ba n k of N ew Y ork 1 0 2 9 8 '* OPERATING CIRCULARS CONTENTS (Table shows appendices to operating circulars whenever an appendix is provided as a separate document) Title of O perating C ircu la r No. Reserved .................................................................................................................. Reserve Reporting and M ain ten an ce............................................................ 1 2 Pass-Through Reserve B alan ces...................................................................... 2A Currency and C o i n .............................................................................................. Cash Data System Agreement — Appendix A Collection of Cash Items and Returned Checks ..................................... Redeemed Savings Bonds — Appendix I 3 Reserved .................................................................................................................. Collection of Noncash Items ........................................................................... Depository Institution Account A greem en t............................................... Foreign Bank Account A greem en t................................................................. Agreement Regarding Intraday Overdrafts in Connection with Wire Transfers of Funds Over F e d w ire .................................................. Wire Transfers of F u n d s ..................................................................................... Time Schedule and Additional Terms — Appendix A Fee Schedules — Appendix B Third-Party Wire Transfer Arrangements — Appendix C 4 5 6 7 7A 7B 8 Licensed Software Agreement — Appendix D Net Settlement A rrangem ents...................................................................... 9 Time and Fee Schedules — Appendix A Automated Clearing House Items ................................................................. 10 Time and Fee Schedules — Appendix A Federal Payments by the Automated Clearing House M e th o d .......... Rev. 5/89 11 (OVER) Title of O perating C ircu la r Advances and Discounts .................................................................................. No. 12 Borrowing Documents for Domestic Depository Institutions — Appendix A Supplemental Continuing Lending Agreement and Borrowing Documents for Foreign Banks — Appendix B Third-Party Custody of Collateral Agreement — Appendix C Borrower-in-Custody of Collateral Agreement — Appendix D Discount Rates ...................................................................................................... 13 Safekeeping, Handling, and Shipment of Definitive Securities . . . . Fee Schedule — Appendix 14 Payment of Interest on Time and Savings Deposits .............................. Federal Reserve Bank S to ck ............................................................................. 15 16 Transactions in Marketable U.S. Treasury and Agency Securities . . 17 Federal and State Tax Law Requirements Regarding Marketable Securities Transactions — Appendix A Federal Reserve Bank of New York Servicing and Redemption Applications — Appendix B Redemption of Treasury Bonds to Pay Federal Estate Taxes — Appendix C Deposits of Federal Taxes and other Public Monies with Depositary Banks; Maintenance of Treasury Tax and Loan A c c o u n ts ............ Third-Party Custody Agreement for Treasury Tax and Loan Collateral — Appendix A Reporting of International Capital and Foreign Currency Transactions and Holdings, Transfers of Credit, and Export of Coin and C u rre n c y ............................................................ United States Savings Bonds .......................................................................... Book-Entry Securities ....................................................................................... Text of Subpart O of Treasury Department Circular No. 3 0 0 — Appendix A 18 19 20 21 Federal Agencies with Book-Entry Regulations — Appendix B Correlation Table of Treasury and Agency Book-Entry Regulations — Appendix C Book-Entry Treasury Bills — Appendix D Agency Securities Available in Book-Entry Form Only — Appendix E On-Line Transactions in Book-Entry S e c u ritie s ..................................... Closing Hours for On-Line Transactions in Book-Entry Securities — Appendix A Fee Schedule — Appendix B On-Line Agreement — Exhibit 21A 10298' ! O perating C ircu lars o f the Fed eral Reserve B an k o f New Y o rk he following documents are included in a complete set of operating circulars: >erating Circular No. 2. ... Operating Circular No. 11..... ........January 27, 1988 >erating Circular No. 2A .......October 13, 1987 Operating Circular No. 12..... ........January 26, 1984 Appendix A,B,C and D ....... .......January 26, 1984 First Supplement to Appendix B ..October 1, 1984 lerating Circular No. 3 ........September 3, 1985 r^irst Supplement............. ..........April 29, 1986 Appendix A ...................... Operating Circular No. 13..... .....February 24, 1989 lerating Circular No. 4 ........September 1, 1988 Vppendix I ....................... Operating Circular No. 14..... .............June 27, 1985 Appendix............................. .........January 1, 1988 erating Circular No. 6 ............October 1, 1987 i'irst Supplement............. ........August 1, 1988 Operating Circular No. 15..... 1984 Operating Circular No. 16...................June 25, 1951 erating Circular No. 7 ..........October 14, 1980 erating Circular No. 7A .......October 14, 1980 ’irst Supplement............. .......October 1, 1984 erating Circular No. 7B ......November 4, 1982 erating Circular No. 8 .... ...........June 29, .ppendix A ...................... ...........June 29, .ppendix B ...................... .......January 1, .ppendix C and D ........... ...........June 29, 1988 1988 1989 1988 erating Circular No. 9 .... ......January 29, 1981 ppendix A ...................... .......January 1, 1989 erating Circular No. 10 ............August 1, irst Supplement............. ....February 22, econd Supplement.......... .....January 14, hird Supplement............ ....February 25, ourth Supplement.......... ............April 1, ifth Supplement............. ..September 28, ppendix A ...................... .......January 1, 1981 1983 1985 1985 1987 1988 1989 Operating Circular No. 17..... ............March 6, 1987 1987 Appendix A,B, and C .......... Operating Circular No. 18..... .....November 2, 1978 Appendix A .......................... .............May 19, 1983 Operating Circular No. 19..... .............June 22, 1987 Operating Circular No. 20..... 1987 Operating Circular No. 21..... Appendix A .......................... Appendix B .......................... Appendix C and D .............. Appendix E ......................................April 12, 1977 1973t 1976t 19771 1978t Operating Circular No. 21A .... .......January 25, First Supplement................. .......January 22, Second Supplement.............. .......January 14, Appendix A .......................... Appendix B .......................... .........January 1, 1984 1986 1988 1989 1989 Exhibit to Operating Circular No. 21A ipendices A to H are included in the operating circular pamphlet, duded in operating circular pamphlet (reprinted version.) May 1989 10298 Fe d er a l R es er ve Ba n k of N ew Y ork * Rules and Regulations of the Board of Governors of the Federal Reserve System CONTENTS Regulation Title A Extensions of Credit by Federal Reserve Banks B Equal Credit Opportunity — Official Staff Commentary on Regulation B C Home Mortgage Disclosure D Reserve Requirements of Depository Institutions E Electronic Fund Transfers — Official Staff Commentary on Regulation E F Securities of Member State Banks H Membership of State Banking Institutions in the Federal Reserve System I Issue and Cancellation of Capital Stock of Federal Reserve Banks J Collection of Checks and Other Items and Wire Transfers of Funds by Federal Reserve Banks K International Banking Operations L Management Official Interlocks M Consumer Leasing — Official Staff Commentary on Regulation M N Relations with Foreign Banks and Bankers O Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks P Minimum Security Devices and Procedures for Federal Reserve Banks Q Interest on Deposits R Relationships with Dealers in Securities Under Section 32 of the Banking Act of 1933 and State Member Banks S Reimbursement to Financial Institutions for Assembling or Providing Financial Records V Loan Guarantees for Defense Production Y Bank Holding Companies and Change in Bank Control Z Truth in Lending — Official Staff Commentary on Regulation Z AA Unfair or Deceptive Acts or Practices BB Community Reinvestment CC Availability of Funds and Collection of Checks — Staff Guidelines on Regulation AA — The Credit Practices Rule G ,T ,U ,X Securities Credit Transactions — Securities Credit by Persons Other Than Banks, Brokers, or Dealers (Reg. G) Credit by Brokers and Dealers (Reg. T) Credit by Banks for the Purpose of Purchasing or Carrying Margin Stocks (Reg. U) Borrowers of Securities Credit (Reg. X ) (OVER) Rev. 5/89 Rules Rules Regarding Availability of Information Rules Regarding Access to and Review of Personal Information in Systems of Records Rules Regarding Public Observation of Meetings Rules Regarding Delegation of Authority Rules of Organization Rules of Procedure Rules of Practice for Hearings Rules of Organization and Procedure of the Federal Advisory Council 10298*1 FEDERAL RESERVE BANK OF NEW YORK Regulations of the Board of Governors of the Federal Reserve System May 1989 R egulation A EXTENSIONS OF CREDIT by FEDERAL RESERVE BANKS ................................... September 1, 1980 R egulation B e q u a l c r e d i t o p p o r t u n i t y .................................................................................... December 16, 1985 —Correction, dated May 1986 Official S ta ff C om m entary on R egulation B ..........................................................................December 16, 1985 —Amendments to the Official Staff Commentary (slip sheet dated January 1989) —Amendment effective March 7, 1989 R egulation C HOME m o r t g a g e d i s c l o s u r e ...................................................................................January 1, 1989 R egulation D RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS ............................... December 31, 1987 —Supplement to Regulation D, effective December 20, 1988 R egulation E e l e c t r o n i c f u n d t r a n s f e r s .................................................................................April 16, 1985 —Amendments effective March 4, 1985 and November 15, 1987 (included in slip sheet dated September 1987) O fficial S ta ff C om m entary on R egulation E ..........................................................................April 1, 1989 Regulation F s e c u r i t i e s o f m e m b e r s t a t e b a n k s ............................................................... January 29, 1979 —Amendments effective December 31, 1979 (included in slip sheet dated November 1979)i R egulation G s e c u r it ie s c r e d it b y p e r s o n s o t h e r t h a n b a n k s , b r o k e r s , or DEALERS (included in pamphlet Securities Credit Transactions •)*.......................... August 31, 1983 —Amendments effective November 13, 1984, April 19, 1985, and July 22, 1985 (included in slip sheet dated September 1988) R egulation H MEMBERSHIP OF STATE BANKING INSTITUTIONS IN THE FEDERAL RESERVE SYSTEM .............................................................................................................January 1, 1988 —Amendment retroactive to November 9, 1987 —Guidelines for Maintaining Compliance with the Bank Secrecy A ct f t -R isk -B a se d Capital Guidelines, effective March 15, 1989 (5k F R kl86) —Amendments effective March 1, 1989 and April 1, 1989 R egulation I is s u e a n d c a n c e l l a t io n o f c a p it a l stock OF FEDERAL RESERVE BANKS .........................................................................................................February 1, 1963 R egulation J COLLECTION OF CHECKS AND OTHER ITEMS AND WIRE TRANSFERS OF FUNDS BY FEDERAL RESERVE BANKS ..................................... September 1, 1988 R egulation K i n t e r n a t i o n a l b a n k i n g o p e r a t i o n s ................................................................ October 24, 1985 —Amendments effective July 8, 1986 and February 24, 1988 (included in slip sheet dated A p ril 1988) R egulation L MANAGEMENT OFFICIAL INTERLOCKS..................................................................... June 10, 1984 * Single copies of the Board’s List of Marginable OTC Stocks, published quarterly, are available upon written request directed to the Circulars Division, t Subsequent amendments to this regulation (November 1, 1980 and March 9, 1981) have been printed in the Federal Register and mailed directly to affected registrants in this District. +t Available on request. Note: The Board of Governors’ Semiannual Regulatory Agenda, published in April and October in the Federal Register, will be furnished upon request. (Over) R egulation M CONSUMER LEASING (reprinted August 1982 with m inor corrections)...April 1, 1981 —Technical amendment, effective March 4, 1985 Official S ta ff C om m entary on R egulation M......................................................................... June 1982 R egulation N RELATIONS R egulation O w it h FOREIGN b a n k s a n d b a n k e r s .............................................. Feb ru ary 13, 1962 l o a n s to e x e c u t i v e o f f i c e r s , d i r e c t o r s , a n d p r i n c i p a l SHAREHOLDERS OF MEMBER BANKS ...........................................................................................December 31, 1983 R egulation P MINIMUM SECURITY DEVICES AND PROCEDURES FOR FEDERAL RESERVE BANKS AND STATE MEMBER BANKS ......................................................January 13, 1969 —Amendments effective March 10, 1981 and October 6, 1981; Appendix A, effective November 1, 1973 (included in slip sheet dated November 1981) R egulation Q i n t e r e s t o n d e p o s i t s .................................................................................................April R egulation R RELATIONSHIPS 1, 1986 w it h d e a l e r s in s e c u r it i e s u n d e r SECTION 32 OF THE BANKING ACT OF 1933................................................................................. January 1, 1970 R egulation S REIMBURSEMENT TO FINANCIAL INSTITUTIONS FOR ASSEMBLING OR PROVIDING FINANCIAL RECORDS ...........................................................................................October 1, 1979 R egulation T CREDIT BY BROKERS OR DEALERS (included in pamphlet Securities Credit Transactions).................................................. March 31, 1984 —Amendments effective April 13, 1984, November 13, 1984, April 19, 1985, July 22, 1985, September 22, 1985, September 30, 1985, August 27, 1987, January 25, 1988, and September 15, 1988 (included in slip sheet dated September 1988) R egulation U c r e d i t b y b a n k s f o r t h e p u r p o s e o f p u r c h a s in g OR CARRYING MARGIN STOCKS (included in pamphlet Securities Credit Transactions).................................................. August 31, 1983 —Amendments effective November 13, 1984, April 19, 1985, and September 23, 1987 (included in slip sheet dated September 1988) R egulation V loan g u a r a n t e e s FOR d e f e n s e p r o d u c t i o n .................................................February 20, 1979 R egulation X BORROWERS OF SECURITIES CREDIT (included in pamphlet Securities Credit Transactions).....................................................January 23, 1984 R egulation Y b a n k h o l d i n g c o m p a n i e s a n d c h a n g e i n b a n k c o n t r o l ....................... Feb ru ary 3, 1984 —Amendments effective November 3, 1986, November 7, 1986, December 15, 1986, and June 16, 1987 (included in slip sheet dated Ju ly 1987) —Amendments effective September 28, 1988 -R isk -B a se d Capital Guidelines, effective March 15, 1989 (included w ith Reg. H) R egulation Z TRUTH IN L E N D IN G ....................................................................................................... April 1, 1981 —Amendments effective December 3, 1981, April 1, 1982, October 1, 1982, December 31, 1984, April 4, 1985, and December 16, 1986 (included in slip sheet dated A p ril 1987; also includes amendments to the T ru th in Lending Act) —Amendments effective December 9, 1987, December 28, 1987, and April 3, 1989 —Correction effective December 28, 1987 O fficial S ta ff C om m entary on R egulation Z........................................................................... April 1, 1988 —Amendments effective February 28, 1989 R egulation AA u n f a i r OR d e c e p t i v e ACTS o r PRACTICES ......................................................January 1, 1986 —Staff Guidelines (Subpart B), effective January 1, 1986 —Amendments effective November 1, 1986 R egulation B B COMMUNITY r e i n v e s t m e n t ...................................................................................November 6, 1987 R egulation CC a v a i l a b i l i t y o f f u n d s a n d c o l l e c t i o n o f c h e c k s ............................... September 1, 1988 —Technical amendments, effective October 25, 1988 —Amendments effective April 10, 1989 and August 10, 1989 (5b F R 138bl)
@FedFRASER