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FE D E RA L R E SE R V E BANK O F NEW YORK / " C i r c u l a r No. 4 4 1 7 L Jan u ary 25, 1957 1 J FEDERAL FARM LOAN BONDS -—R edem ption o f February 15 Maturity — Offering o f T w o New Issues To A ll B anks and Trust Companies, and Others Concerned, in th e Second Federal R eserve D istrict: A t the request o f the F arm Credit A dm inistration, transm itted to us by the T reasury Departm ent, we bring to you r attention the follow in g notice issued by the F arm Credit A d m in istra tion : Consolidated Federal farm loan 3 percent bonds dated February 15, 1956, o f which there are $130 million outstanding, will mature on February 15, 1957. These bonds may be redeemed through the Federal Reserve Banks and Branches or the Treasurer o f the United States, W ashington, D. C. Funds fo r the redemption o f the maturing bonds and for other requirements will be provided by the Federal land banks through a public offering o f consolidated Federal farm loan bonds fo r delivery February 15, 1957. The new bonds will be offered fo r cash, no preference being given holders o f the maturing issue. The offering will comprise $72 million 15-year 4 % percent bonds callable at par after 10 years, and $140 million 1-year 3 % percent bonds, both issues to be dated February 15. The bonds will be offered by the banks’ Fiscal Agent, John T. K nox, 130 W illiam Street, New Y ork 38, N. Y ., through an organized dealer group, at prices to be announced on or about January 30. Additional copies o f this circular will be furnished upon request. A lfred H ayes, President. FED ERAL RE SE R V E BANK O F NEW YORK January 28, 1957 To all M em ber and N onm em ber Clearing Banks in the Second Federal R eserve D istrict, and Others C on cern ed : On the reverse side o f this letter there are set forth lists showing (1 ) the currently effective operating circulars o f this Bank, and the supplements thereto, and (2 ) the currently effective Regulations o f the B oa rd o f G overnors o f the F ederal R eserve System, and the amend ments and supplements thereto. The lists w ill enable you to determine whether you r sets o f those documents are complete. W e shall be pleased to furnish upon request copies o f any you do not have. W e transm it herewith a revised table o f contents o f the regulations to replace the one now in you r binder. A lfred H ayes, President. (O V E E ) C U R R E N T L Y E F F E C T IV E O P E R A T IN G C IR C U L A R S OF F E D E R A L R E S E R V E BANK! O F N E W Y O R K and R E G U L A T IO N S O F T H 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 January 28, 1057 Operating Circulars R egu lation s Operating Circular No. 1 . . January Operating Circular No. 2 . . October 18,1949 Operating C ircular No. 3 . . . A pril Operating C ircular No. 4 . . . Operating C ircular No. 5 First Supplement . . Second Supplement . . . . A p ril . . . Operating C ircular No. 6 . . . A p ril 1,1954 Regulation G .................................F ebruary 1,1940 A m e n d m e n t s ................................ July 15,1954 Operating Circular No. 7 . . . 1,1956 Regulation H ................................ September . . 3,1957 4, 1956 J u ly 15,1954 1,1954 M ay 29,1956 M ay Regulation A ................................ February 15,1955 Regulation B ........................................... M ay 15,1930 Regulation C ......................................August 31, 1946 Regulation D .................................September 16,1948 S u p p le m e n t......................................June 21,1954 A m e n d m e n t......................................May 16,1955 Regulation E 1,1940 Regulation F .................................February 5,1951 A m e n d m e n t......................................June 13,1955 Regulation I Operating Circular No. 8 F irst Supplement . . ...................................... March ...................................... January 1,1952 1,1936 . . . November 1,1949 . . July 15,1954 Regulation J ......................................January 1,1949 A m e n d m e n t s .................................July 15, 1954 Operating Circular No. 10 . . . January 15,1957 Regulation I v .........................................January 15,1957 Operating C ircular No. 11 . . . October 29,1956 Regulation L ................................ February 1, 1940 A m e n d m e n t......................................J u ly 1,1948 Operating Circular No. 12 . Operating Circular No. 13 . . . Operating Circular No. 14 . . November 13,1950 Operating Circular No. 15 . . . January Operating Circular No. 16 . . . Operating Circular No. 17 . F irst Supplement . . . A p p e n d ix ........................... . . January Operating Circular No. 18 First Supplement . . . . . . Operating Circular No. 19 F irst Supplement . . . . . . . March 31,1954 December 8,1955 Regulation U ........................................... July 20,1949 S u p p le m e n t......................................A p ril 23,1955 Amendment No. 12 . . . . August 1,1953 Operating C ircular No. 20 F irst Supplem ent . . . . . . Regulation V February 15,1955 August 24, 1956 1,1957 . June 25,1951 9,1951 Regulation M ......................................A ugust 14,1937 Regulation N ......................................January Regulation O ........................................... July Regulation P ...................................... January 1,1944 1,1939 1,1936 Regulation Q ................................ February 11,1937 S u p p le m e n t ................................ January 1, 1957 A m e n d m e n t......................................July 1,1952 A m e n d m e n t......................................May 16,1955 Regulation R .........................................January 4,1936 Regulation S ........................................... xlpril 30,1942 February 21,1955 . J u ly 28,1953 March 3,1955 Regulation T ........................................... July 20,1949 S u p p le m e n t......................................A pril 23,1955 Amendment No. 11 . September 3 and 17,1951 Amendment No. 1 2 ......................May 1,1956 ................................ September 27,1950 Regulation Y ................................ September 1,1956 Federal of R N eserve ew Bank York B O A R D OF G O VERN O RS OF T H E F E D E R A L R E SE R V E SYSTEM RULES Rules of Organization and Rules o f Procedure REGULATIONS Advances and Discounts by Federal Reserve Banks............................... A Open Market Purchases o f Bills of Exchange, Trade Acceptances and Bankers’ Acceptances Under Section 14................................................ B Acceptance by Member Banks o f Drafts or Bills of Exchange.............. Reserves of Member Banks........................................................................ C D Purchase o f Warrants................................................................................. E Trust Powers o f National Banks................................................................ Collection o f Noncash Items...................................................................... F G Membership o f State Banking Institutions in the Federal Reserve System.......................................................................... H Increase or Decrease of Capital Stock o f Federal Reserve Banks and Cancelation o f Old and Issue of New Stock Certificates..................... 1 Check Clearing and Collection.................................................................... J Corporations Doing Foreign Banking or Other Foreign Financing Under the Federal Reserve A ct.............................................................. Interlocking Bank Directorates Under the Clayton A ct......................... Foreign Branches of National Banks and o f Corporations Organized Under the Provisions of Section 25(a) of the Federal Reserve A c t .. M Relations with Foreign Banks and Bankers............................................. Loans to Executive Officers o f Member Banks......................................... Holding Company Affiliates—Voting Permits......................................... N 0 P Payment of Interest on Deposits................................................................ Relationships with Dealers in Securities Under Section 32 o f the Bank ing Act of 1933....................................................................................... Industrial Loans by Federal Reserve Banks............................................. Q K L Ii S Extension and Maintenance o f Credit by Brokers, Dealers, and Members o f National Securities Exchanges.......................................................... Loans by Banks for the Purpose of Purchasing or Carrying Stocks Registered on a National Securities Exchange..................................... U Loan Guarantees for Defense Production................................................ V Bank Holding Companies.......................................................................... Y * ( R e v . 1 -2 8 -5 7 ) T
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