Full text of Federal Reserve Bank of New York Circulars : 7576. Treasury Tax and Loan Depositaries

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FED ER AL RESERVE BANK
O F NEW YORK
Fiscal Agent of the United States

r Circular No. 7 5 7 6 *1
L February 26, 1975 J

TREASURY TAX AND LOAN DEPOSITARIES
Groups A, B, and C Reclassified Effective March 5, 1975

T o A ll T rea su ry T a x and L oan D epositaries
in the Second F ederal R eserve D istric t:

The T reasury D epartm ent has authorized and requested this Bank to reclassify the
T reasury T a x and Loan Depositaries in this D istrict into Groups A, B, and C, effective
M arch 5, 1975, upon the basis of the total deposits credited to tax and loan accounts during
the period January 1 through December 31, 1974, exclusive of redeposits with Group C banks.
Accordingly, depositaries that made a total of such deposits in this period in the amounts
indicated below will be grouped as follows:
Group A— Less than $7,500,000.
Group B— (1 ) $7,500,000 or more, but less than $80,000,000 and
(2 ) $80,000,000 or more, but whose total deposit liability
(demand and tim e) was $50,000,000 or less as of
December 31, 1974.
Group C— $80,000,000 or more, and whose total deposit liability
(demand and tim e) was more than $50,000,000 as of
December 31, 1974.
The new groupings will be continued until fu rth er notice, regardless of any subsequent
increase or decrease in tax and loan deposit levels of any depositary. Any depositary whose
group classification will change on M arch 5, 1975 will be so notified by letter.




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