The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK
OF NEW YORK
[
Circular No. 10340
March 22, 1990
J
Receivership of Whitestone Savings, F.A. and
Nassau Federal Savings and Loan Association
To All Depository Institutions in the Second Federal
Reserve District, and Others Concerned:
Whitestone Savings, F.A.
We have been advised that effective March 16,1990, the Director of the Office of Thrift
Supervision, Departm ent of the Treasury, determined that a ground for the appointment of
a receiver existed for W hitestone Savings, F .A ., W hitestone, New Y ork (“ Old W hitestone”).
The Resolution Trust Corporation (“R T C ”) was appointed receiver for the purpose of liquidation.
Whitestone Federal Savings and Loan Association, Whitestone, New York (“New Whitestone”),
a newly chartered Federal savings association, has been organized to take over the assets
and liabilities of Old W hitestone. The RTC has been appointed the conservator of New
W hitestone.
New W hitestone has agreed to accept presentm ent of cash items payable by, through,
or at Old W hitestone and to accept the return of cash item s originally deposited at Old
W hitestone. New Whitestone will use the routing number previously used by Old W hitestone
(2214-7263-7).
Nassau Federal Savings and Loan Association
W e have also been advised that effective March 16, 1990, the D irector of the Office
of Thrift Supervision, Departm ent of the Treasury, determined th at a ground for the appoint
ment of a receiver existed for Nassau Federal Savings and Loan Association, Brooklyn, New
Y ork (“ Old N assau”). The RTC was appointed receiver for the purpose of liquidation. Nassau
Savings and Loan Association, F.A ., Brooklyn, New York (“New Nassau”), a newly chartered
Federal savings association, has been organized to take over the assets and liabilities of Old
Nassau. The RTC has been appointed the conservator of New Nassau.
New Nassau has agreed to accept presentm ent of cash item s payable by, through,
or at Old Nassau and to accept the return of cash item s originally deposited at Old Nassau.
New Nassau will use the routing number previously used by Old Nassau (2260-7238-8).
E . Gerald C orrigan ,
President.
Jft-iM 'H o .m y e G 9
Operating Circulars o f the Federal Reserve B ank o f New York
The following documents are included in a complete set of operating circulars:
Operating Circular No. 2 ............. October 13, 1987
First Supplement.......................... March 14, 1990
Operating Circular
No. 1 1 ............... January 27, 1988
Operating Circular No. 2 A .........October 13, 1987
Operating Circular No. 1 2 ................January 26, 1984
Appendix A,B,C and D ..................... January 26, 1984
First Supplement to Appendix B ..October 1, 1984
Operating Circular No. 3 ........ September 3, 1985
First Supplement...............................April 29, 1986
Appendix A ................................ November 8, 1988
Operating Circular
Operating Circular No. 4 ..........September 1,
First Supplement................................ July 17,
Second Supplement.......................January 1,
Appendix I ....................................... October 1,
1988
1989
1990
1988*
No. 1 3 .............February 24, 1989
Operating Circular No. 1 4 ......................June 27, 1985
Appendix................................................January 1, 1988
Operating Circular No. 1 5 ........................April 5, 1984
Operating Circular No. 1 6 .....................June 25, 1951
Operating Circular No. 6 ............... October 1, 1987
F irst Supplement............................August 1, 1988
Second Supplement........................January 1, 1990
Operating Circular No. 7 ..............October 14, 1980
Operating Circular No. 1 7 .....................March 6, 1987
Appendix A,B, and C ........................... March 6, 1987
Operating Circular No. 1 8 ............. November 2, 1978
Appendix A ................................................May 19, 1983
Operating Circular No. 7 A .......... October 14, 1980
F irst Supplement...........................October 1, 1984
Operating Circular
No. 1 9 ......................June 22, 1987
Operating Circular No. 7 B ...... November 4, 1982
Operating Circular
No. 2 0 ..................... June 18, 1987
Operating Circular No. 8 .................. June 29,
F irst Supplement..........................January 1,
Appendix A .........................................June 29,
Appendix B ....................................January 1,
Appendix C and D ............................June 29,
Operating Circular No. 2 1 ............December 12, 1977
Appendix A ............................................March 30, 1973t
Appendix B .................................................. July 1, 1976t
Appendix C and D .......................December 12, 1977t
Appendix E ........................................... April 12, 1978t
1988
1990
1988
1989
1988
Operating Circular No. 9 ............. January 29, 1981
Appendix A ..................................... January 1, 1989
Operating Circular No. 1 0 .............. August 1, 1981
F irst Supplement......................February 22, 1983
Second Supplement.....................January 14, 1985
Third Supplement.....................February 25, 1985
Fourth Supplement............................ April 1, 1987
Fifth Supplem ent....................September 28, 1988
Appendix A .....................................January 1, 1990
Operating Circular No. 2 1 A ............. January 25, 1984
F irst Supplement.............................January 22, 1986
Second Supplement......................... January 14, 1988
Appendix A .................................................. May 9, 1989
Appendix B .......................................... January 1, 1989
Exhibit to Operating Circular No. 21A
*Appendices A to H are included in the operating circular pamphlet,
tlncluded in operating circular pamphlet (reprinted version).
>
March 1990
r
r
^
."Tu /(>?></(> { d -)
FEDERAL RESERVE BANK OF NEW YORK
R e g u l a t i o n s o f th e B o a r d o f G o v e r n o r s o f t h e F e d e r a l R e s e r v e S y s t e m
M a rch 1990
R e g u la tio n A EXTENSIONS OF CREDIT
by
FEDERAL RESERVE BANKS...................................... S ep tem b er 1, 1980
R e g u la tio n B e q u a l c r e d it o p p o r t u n it y ............................................................................................D ecem b er 8, 1989
O fficial S ta f f C o m m e n ta ry on R e g u la tio n B ................................................................................D ecem ber 16, 1985
—A m endm ents to th e Official S taff C om m en tary
—A m endm ent effective M arch 7, 1989
(slip sheet dated January 1989)
R e g u la tio n C
hom e m ortgage d is c l o s u r e ..........................................................................................Ja n u a ry
1, 1990
R e g u la tio n D r e s e r v e r e q u ir e m e n t s OF d e p o s it o r y INSTITUTIONS.................................. D ecem b er 31, 1987
—Supplem ent to R egulation D, effective D ecem ber 19, 1989
—A m endm ents
(slip sheet dated January 1990)
R e g u la tio n E ELECTRONIC FUND TRANSFERS....................................................................................... A pril 16, 1985
—A m endm ents effective M arch 4, 1985, N ovem b er 15, 1987 and D ecem ber 26,
1989
O fficial S ta f f C o m m e n ta ry on R e g u la tio n E ................................................................................ A pril 1, 1989
(included in slip sheet dated January 1990)
R e g u l a t i o n G s e c u r it i e 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 ,
DEALERS
—A m endm ents effective N ovem b er 13, 1984, A pril 19, 1985,
and Ju ly 22, 1985
b r o k e r s , or
(included in pamphlet Securities Credit Transactions)*..............................A u g u st 31,
1983
(included in slip sheet dated September 1988)
R e g u la tio n H MEMBERSHIP OF STATE BANKING INSTITUTIONS IN THE
FEDERAL RESERVE SYSTEM......................................................................................................................A pril 1, 1989
—C apital A dequacy Guidelines, A ppendix A ,
..............M arch 15, 1989
—Guidelines for M aintaining Compliance w ith th e B ank S e cre cy A c t t
(included with Regulation Y)
R e g u la tio n I ISSUE AND CANCELLATION OF CAPITAL STOCK
OF FEDERAL RESERVE BANKS..................................................................................................................F e b r u a r y 1, 1963
R e g u la tio n J COLLECTION OF CHECKS AND OTHER ITEMS
AND WIRE TRANSFERS OF FUNDS BY FEDERAL RESERVE BANKS......................................... S ep tem b er 1, 1988
R e g u la tio n K INTERNATIONAL BANKING OPERATIONS.......................................................................O ctob er 24 , 1985
—A m endm ents effective Ju ly 8, 1986 and F e b ru a ry 24, 1988
(included in slip
sheet dated April 1988)
R e g u la tio n L
m a n a g em e n t o f f ic i a l in t e r l o c k s .......................................................................... Ju n e
(reprinted August 1982 with minor corrections)....A pril
Regulation M CONSUMER LEASING
—A m endm ents effective M arch 4 , 1985 and D ecem ber 26, 1989
10, 1984
1, 1981
(included in slip sheet dated January 1990)
O fficial S ta f f C o m m e n ta ry on R e g u la tio n M ............................................................................... Ju n e 1982
R e g u la tio n N RELATIONS
R e g u la tio n O
w it h
FOREIGN BANKS AND BANKERS..................... ;...........................F e b ru a ry 13, 1962
lo a n s to e x e c u t i v e o f f i c e r s , d ir e c t o r s , an d p r in c ip a l
sh a reh o ld ers
OF MEMBER BANKS..................................................................................................D ecem b er 31, 1983
* Single copies of the Board’s List of Marginable OTC Stocks, published quarterly, are available upon written request directed to the Circulars Division,
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.
The Board of Governors’ Rules of Organization, Rules of Procedure, Rules Regarding Availability of Information, and other rules are available
upon request directed to the Circulars Division.
(Over)
Regulation P
MINIMUM s e c u r i t y d e v i c e s a n d p r o c e d u r e s f o r
F E D E R A L R E S E R V E BANKS AND STATE M EM BER BANKS ......................................... I........ 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)
Regulation Q
IN T ER E ST ON DEPOSITS ............................................................................................April
Regulation R
RELATIONSHIPS WITH d e a l e r s i n s e c u r i t i e s u n d e r
1, 1986
SECTION 32 OF THE BANKING ACT OF 1933 .............................................................................January
Regulation S
REIM BU RSEM EN T TO FIN AN C IAL INSTITUTIONS FO R ASSEMBLING
OR PROVIDING FIN AN C IAL RECORDS ...................................................................................... October
Regulation T
1, 1970
1, 1979
CRED IT B Y BROKERS a n d d e a l e r s
(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)
Regulation U CREDIT B Y BANKS FOR THE PURPOSE OF PURCHASING
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)
Regulation V
LOAN g u a r a n t e e s f o r d e f e n s e p r o d u c t i o n .............................................. February 20,
Regulation X
b o r r o w e r s o f s e c u r it ie s c r e d it
1979
(included in pamphlet Securities Credit Transactions).................................................. January 23, 1984
Regulation 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 ...................... March 15, 1989
—Amendments effective October 10, 1989 and February 13, 1990
Capital Adequacy Guidelines, Appendix A and B .............................................................. March 15, 1989
Regulation Z TRUTH IN LENDING.................................................................................................. June 7, 1989
—Amendments and corrections
O fficial S ta ff Commentary on Regulation Z....................................................................... April 1, 1988
—Amendments effective February 28, 1989
(slip sheet dated January 1990)
Regulation AA U N FA IR OR D EC EPT IV E ACTS OR PR A C T IC ES ...................................................January 1, 1986
—Staff Guidelines (Subpart B), effective January 1, 1986
—Amendments effective November 1, 1986 and August 1, 1988
(included in slip
sheet dated August 1988)
Regulation B B
c o m m u n it y r e i n v e s t m e n t
...............................................................................November
6,
1987
Regulation CC a v a i l a b i l i t y OF FUNDS a n d c o l l e c t i o n o f CHECKS ..............................September 1, 1988
—Amendments effective October 25, 1988, April 10, 1989 and August 10, 1989
(included in slip sheet dated May 1989)
—Amendments effective February 1, 1990, and February 1, 1991
(included in Federal Register reprint, 5U FR U9)
O fficial S ta ff Commentary on Regulation CC
(included in Regulation
CC
Pamphlet)
@FedFRASER