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FEDERAL RESERVE BANK OF NEW YORK r Circular No. 6 4 7 9 *1 Ja n u a ry 29, 1970 J L Interpretation of Regulation Q To A ll Member BanTcs, and Others Concerned, in the Second Federal Reserve D is tric t: Printed below is the text of an interpretation of Regulation Q, adopted by the Board of Governors of the Federal Reserve System on January 21. The interpretation designates the for eign, international, and supranational entities that are exempt, under section 217.3(#)(3), from the interest rate limitations of the regulation. The interpretation will be published shortly in the Federal Register and Federal Reserve Bulletin but is being sent to you now so that you might have prompt notice of its content. A lfred H ayes, President. [Reg. Q] P a r t 2 1 7 — INTEREST ON DEPOSITS Entities Exempt from Interest Rate Limitations 1. Section 217.126 is revised to read as follows: SEC T IO N 217.126—F O R E IG N , IN T ER N A TIO N A L, AND SU PRA N A TIO N A L E N T IT IE S E X E M P T FRO M IN T E R E S T R A T E LIM IT A T IO N S O rganization for C entral A m erican States P erm anent S ecretariat of the C entral Am erican General T reaty of Economic In tegration River P late B asin Commission A f r ic a P u rsu a n t to § 217.3(gr) (3), the following entities are hereby designated as exempt from § 217.7: E urope B ank for In tern atio n al Settlem ents E uropean Atomic E nergy Community E uropean Coal and Steel Community The E uropean Communities E uropean Development F u n d E uropean Economic Community E uropean F ree T rade Association E uropean F u n d E uropean Investm ent B ank A frican Development B ank B anque C entrale des E ta ts de l ’A frique de l ’Ouest Banque C entrale des E ta ts de l ’A frique E quatorial et du Cameroun Conseil de 1’E ntente E ast A frican Community O rganisation Commune A fricaine et Malagache O rganization of A frican U nity Union des E ta ts de l ’A frique C entrale Union D ouaniere et Economique de l ’A frique C entrale Union D ouaniere des E ta ts de l ’A frique de l ’Ouest A s ia L a t in A m erica A ndean Development C orporation A ndean Subregional Group Caribbean Development B ank Caribbean F ree T rade Association Caribbean Regional Development Agency C entral Am erican B ank for Economic Integration The C entral Am erican In stitu te for In d u strial Research and Technology C entral Am erican M onetary Stabilization F u n d E ast C aribbean Common M arket L atin Am erican F ree Trade Association Asia and Pacific Council Association of Southeast Asian Nations B ank of Taiw an F oreign Exchange B ank of K orea M id d l e E a s t C entral T reaty O rganization Regional Cooperation for Development 2. Sections 217.142 and 217.143 are hereby revoked. (In te rp re ts and applies 12 U.S.C. 371b)
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