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FEDERAL RESERVE BANK OF NEW YORK r Circular No. 1686T L July 22, 1986 J SUPPLEMENT TO REGULATION D Reserves Required to Be Maintained by Member Banks With Federal Reserve Banks After the Close of Business August 15, 1936 To each Member Bank in the Second Federal Reserve District: Enclosed is a printed copy of the supplement to Regulation D adopted by the Board of Governors of the Federal Reserve System on July 14, 1936, effective as to each member bank after the close of business August 15, 1936, increasing the reserves required to be maintained by member banks with Federal Reserve banks as follows: on demand deposits at banks in central reserve cities, from 13 percent to 19% percent; at banks in reserve cities, from 10 percent to 15 percent; and at "country" banks, from 7 percent to 10% percent; on time deposits at all banks, from 3 percent to 4% percent. A copy of the Board's statement made public on July 15, 1936, with respect to the action taken by the Board on July 14, 1936, increasing the reserve requirements for member banks after the close of business August 15, 1936, was transmitted to you with our Circular No. 1684, dated July 16, 1936. A new supply of forms for use in reporting your net demand and time deposits and reserves required to be maintained against such deposits will be sent to you prior to August 15, 1936. GEORGE L. HARRISON", President. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM SUPPLEMENT TO REGULATION D Effective as to each member bank after the close of business August 15, 1936 Reserves required to be maintained by member banks with Federal Reserve banks Pursuant to the provisions of section 19 of the Federal Reserve Act and section 2 (a) of its Regulation D, the Board of Governors of the Federal Reserve System hereby increases by 50 per cent the percentages of time deposits and net demand deposits set forth in paragraphs (a), (b), and (c) of section 19 of the Federal Reserve Act and section 2 (a) of Regulation D which each member bank is required to maintain on deposit with the Federal Reserve bank of its district.
@FedFRASER