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FEDERAL RESERVE BANK
OF N EW YORK
r C ircular No. 6 5 7 4 T.
L
Ju ly IS, 1970
J

COUNTING OF SILVER COIN AS RESERVES
Extension to August 10 of Time To Submit Comments
on Proposed Amendment to Regulation D

To A ll Member Banks, and Others Concerned,
in the Second Federa l Reserve D is tric t:

The Board of Governors of the Federal Reserve System has extended, until
August 10, 1970, the period within which interested persons may submit views on
the proposed amendment to section 204.1 (j) of Regulation D. The proposal, con­
tained in our Circular No. 6554, dated June 3, 1970, would exclude from the
scope of the term “ currency and coin” any coin that is being held principally
for its bullion value or numismatic value.
Comments on the proposed amendment should be sent to our Bank Reports
and Analysis Department.




A lfred H

ay es,

President.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102