Full text of Federal Reserve Bank of New York Circulars : 7909. Book-Entry Regulation of Export-Import Bank of the United States

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FED ER A L RESERVE BANK
O F N EW YORK

r Circular No. 7 9 0 9 1

L

July 1, 1976

J

Book-Entry Regulation of Export-Import Bank of the United States

To All Banking Institutions, and Others Concerned,
in the Second Federal Reserve District:

Our Circular No. 7858, dated April 20, 1976, and previous circulars issued by
this Bank have reported on the progress being made in the application of the expanded
book-entry program to Treasury and eligible Government Agency securities and in the
development of the telegraphic securities-transfer procedure. Treasury securities and
securities issued by Farmers Home Administration (Certificates of Beneficial Owner­
ship), Banks for Cooperatives, Federal Financing Bank, Federal Home Loan Banks,
Federal Intermediate Credit Banks, Federal Land Banks, Federal National Mortgage
Association, and the United States Postal Service are eligible to be held by Federal
Reserve Banks for member banks in book-entry form.
In addition to the Agencies enumerated above, a book-entry regulation for the ExportImport Bank of the United States has been adopted. Accordingly, eligible securities
issued by the Export-Import Bank that are deposited with this Bank for safekeeping
have been converted into book-entry form.
To reflect the application of the book-entry procedure to Export-Import Bank securi­
ties, we are enclosing copies of the following documents:
(a) Appendix B, “Federal Agencies with Book-Entry Regulations.” Revised July 1, 1976,
to Operating Circular No. 21.
(b) Appendix C, “Correlation Table of Treasury and Agency Book-Entry Regulations,”
Revised July 1, 1976, to Operating Circular No. 21.

The above securities are also eligible for telegraphic transfer to other Federal
Reserve Districts.




P aul A. V olcker,
President.

federal
of

reserve

N

ew

Bank

York
Appendix B to
Operating Circular No. 21
Revised July 1,1076

FEDERAL AGENCIES
WITH BOOK-ENTRY REGULATIONS
T o A l l B a n k in g I n s titu tio n s , a n d O th e r s C o n cern ed ,
in th e S e c o n d F e d e ra l R e s e r v e D is tr ic t:

This Appendix contains a list of the Federal Agencies that have
issued book-entry regulations substantially in the form of Subpart O of
1reasury Department Circular No. 300, and whose bearer securities are
issued and maintained by this Bank in book-entry form pursuant to such
regulations. Each item in the following list gives the citation of the Agency’s
book-entry regulation and indicates the securities which are authorized by
that Agency to be issued in book-entry form.
U n ite d S t a te s P o s ta l S e r v ic e (39 CFR 761) — effective August 18, 1972
Any obligation of the Postal Service issued under 39 U.S.C. 2005.

“• Form C re d it A d m in is tr a tio n (12 CFR 615) — effective October 20, 1972.

Consolidated notes, bonds, debentures, or other similar obligations of the (a)

Twelve Federal Land Banks, (b) Thirteen Banks for Cooperatives, and (c)
twelve hederal Intermediate Credit Banks; and systemwide notes, bonds, deben­
tures, or similar obligations of the banks of the Farm Credit System issued
under the Farm Credit Act of 1971.
L o a n B a n k B o a rd (12 CFR 506a) — effective September
14, 1973. Consolidated bonds and consolidated notes of the Federal Home Loan
Banks issued by the Federal Home Loan Bank Board under the Federal Home
Loan Bank Act, as amended.

I ' F o r m e r s H o m e A d m in is tr a tio n (7 CFR 1873.11)— effective December
C 1973. Certificates of Beneficial Ownership in Farmers Home Insured Note
Trusts issued under 7 U.S.C. 1932.
5. b c d c r a l N a tio n a l M o r tg a g e A sso c ia tio n (24 CFR 81.6)— effective
April 25, 1974. Any obligation of the corporation (except short-term discount
notes and obligations convertible into shares of common stock) issued under 12
U.S.C. 1719(b), (d). and (e).
6. F e d e ra l F in a n c in g B a n k (12 CFR 811.0) — effective February 5, 1975.
bederal Financing Bank bonds, notes, certificates of indebtedness, and bills issued
under the Federal Financing Bank Act of 1973.7
7. E x p o r t- I m p o r t B a n k o f the U n ite d S ta te s (12 CFR 406) — effective
April 15, 1976. Any obligation of the Export-Import Bank of the United States
issued under the Export-Import Bank Act of 1945, as amended.

This Appendix supersedes Appendix B, Revised effective March 19,
1975, to Operating Circular No. 21.




P aul A. V olcker,

President.

F ederal Reserve Bank
OF N E W YORK

A p p en d ix C to
O peratin g C ircular No. 21
R ev ised J u ly 1 ,1 9 7 6

CORRELATION TABLE
OF TREASURY AND AGENCY BOOK-ENTRY REGULATIONS

To A l l B a n k in g I n s titu tio n s , a n d O th e r s C o n cern ed ,
in the S e c o n d F e d e ra l R e s e r v e D is tr ic t:

The table on the reverse side correlates the sections of Subpart O of Treasury
Department Circular No. 300 to the corresponding section numbers in the book;ntry regulations of the Federal Agencies listed in Appendix B to our Operating
Circular No. 21.
This Appendix supersedes Appendix C, Revised effective March 19, 1975,
o Operating Circular No. 21.




P aul

A.

V

olcker,

President.
( over)




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