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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States [circular No. 8660| I April 24, 1979 J T R E A SU R Y TA X A N D LO AN D E P O S IT A R IE S N ote Option and R em ittance Option R eclassified E ffectiv e at the Close of B usiness on M ay 2, 1979 To All Treasury Tax and Loan Depositaries in the Second Federal Reserve District: The Treasury Department has authorized and requested this Bank to reclassify the Treasury Tax and Loan Depositaries in this District into Note Option Depositaries (Groups A, B, and C), and Remittance Option Depositaries (Class 1 and Class 2), effective at the close of business on May 2,1979, on the basis of the total deposits credited to tax and lqan accounts during the period of January 1 through December 31, 1978, exclusive of redeposits and direct investments with Group C banks. Accordingly, depositaries having a total of such deposits during that period in the amounts indicated below will be grouped as follows: N ote Option D epositaries Group A — Less than $7,500,000. Group B — (1) $7,500,000 or more, but less than $75,000,000 and (2) $75,000,000 or more, but whose total deposit liability (demand and time) was $65,000,000 or less as of December 31, 1978. Group C — $75,000,000 or more, and whose total deposit liability (demand and time) was more than $65,000,000 as of December 31, 1978. R em ittance O ption D epositaries Class 1 — $1,500,000 or more. Class 2 — Less than $1,500,000. Any depositary whose group classification will change effective at the close of business on May 2, 1979 will be so notified by letter. Any questions regarding this m atter may be directed to Joseph R. Prancl, Jr. (Tel. No. 212-791-6569). P aul a . V olcker . P r e s id e n t.
@FedFRASER