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FEDERAL RESERVE BANK OF N E W YORK Fiscal Agent of the United States r Circular No. 5 6 1 4 - ”1 L February 5, 1965 J TREASURY TAX AND LOAN DEPOSITARIES Groups A, B, and C Reclassified As of February 16, 1965 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 Groups A, B, and C as of February 16, 1965, upon the basis of the total deposits credited to tax and loan accounts during the period September 1 through November 30, 1964, other than deposits from new Treasury borrowings and redeposits to Group C deposi taries. Accordingly, depositaries that made a total of such deposits in this period in the amounts indicated below will be grouped as follow s: Group A — $600,000 or less Group B — More than $600,000 and less than $32,500,000 Group C — $32,500,000 or more The new groupings will be continued until further notice, notwithstanding any sub sequent increase or decrease in tax and loan deposit levels of any depositary. In an accompanying letter, we are notifying each depositary of its group classi fication as of February 16, 1965. The new method of classification differs from the current method, under which depositaries are classified in Group C on the basis of total deposits in all accounts as shown by the latest call reports of supervisory authorities, and all other deposi taries are classified in Group A or B on the basis of average daily balances in tax and loan accounts for the period July 1 through September 30, 1962. A lfred H ayes, President.