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FED ER A L RESERVE BANK O F N E W YORK FcircularNo. 8309 |__March 31,1978 _ ESTABLISHMENT OF UNIFORM RECORDS AND PROCEDURES FOR SECURITIES TRANSACTIONS Extension of Time for Comment on Proposal to Amend Regulation H To All State Member Banks in the Second Federal Reserve District, and Others Concerned: Following is the text of a statement issued by the Board of Governors of the Federal Reserve System: The Board of Governors of the Federal Reserve System has extended the time for comment on a proposal announced last January 31 to require State member banks that make certain securities transactions for customers to provide confirmations of and to maintain records of the transactions. Comment must now be received by May 1, 1978 (instead of March 31 as previously). Printed below is the text of the Board’s Order in this matter. The proposal to amend Regulation H was sent to you with our Circular No. 8273, dated February 10, 1978. Comments on the proposal may now be submitted until May 1, 1978, and may be sent to our Regulations Division. PAUL A. VOLCKER, President. [Reg. H; Docket No. R-0142] RECORDKEEPING AND CONFIRMATION REQUIREMENT FOR CERTAIN SECURITIES TRANSACTIONS EFFECTED BY STATE MEMBER BANKS Extension of Comment Period AGENCY: Board of Governors of the Federal Reserve System. , ACTION: Extension of comment period. NOTICE: The Board on January 30,1978, invited public comment on a proposed rule that would, if adopted, re quire that State member banks that effect certain secu rities transactions for customers provide confirmations of and maintain records with respect to such transac tions (43 Fed. Reg. 5006 (1978)). The Secretary of the Board, pursuant to delegated authority, by this notice extends for thirty days the comment period on that rulemaking proposal at the request of the American Bankers Association, Washington, D.C. DATE: Comments must now be received by May 1, 1978. ADDRESS: Secretary, Board of Governors of the Fed eral Reserve System, Washington, D.C. 20551. All material submitted should include the docket number R-0142. FOR FURTHER INFORMATION CONTACT: Robert S. Plotkin, Assistant Director, Division of Banking Supervision and Regulation (202-452-2781), Board of Governors of the Federal Reserve System, Washington, D.C. 20551. Board of Governors of the Federal Reserve System, through its Secretary, acting pursuant to delegated authority (12 C.F.R. § 265.2 (a) (15)), March 20, 1978.
@FedFRASER