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FEDERAL RESERVE BANK OF NEW YORK r Circular No. 8 9 1 9 1 L September 19, 1980 J D I S T R I B U T I O N O F O F F IC IA L C O M M U N IC A T IO N S T O D E P O S I T O R Y I N S T IT U T I O N S A N D O T H E R S To the Chief Executive Officers of A ll Depository Institutions, and Others Concerned, in the Second Federal Reserve D istrict: Circulars of this Bank With the implementation of the Monetary Control Act of 1980, this Bank will be communi cating on a regular basis with all depository institutions—member and nonmember commercial banks, U.S. branches and agencies of foreign banks, Edge and Agreement corporations, savings banks, savings and loan associations, and credit unions—in this District. Federal Reserve Bank communications—called “circulars”—are issued to transmit or explain changes in regulations of the Board of Governors of the Federal Reserve System; to announce offerings of securities by the U.S. Treasury Department; to notify depository institutions and others of changes in this Bank’s policies or procedures; or to make important statements on other matters of interest to depository institutions and others. These circulars will be mailed directly to your institution, at its main office. If, in. addition, you wish to have circulars addressed to a particular individual or office at your institution, you should so advise the Circulars Division of this Bank. Regulations, interpretations, and Operating circulars Except for those institutions that have already received their binders, each depository insti tution that is subject to the reserve requirements of the Monetary Control Act will be provided, upon written request to our Circulars Division, with binders containing the Regulations of the Board of Governors of the Federal Reserve System, the Published Interpretations of the Board of Governors, and the Operating Circulars of this Bank. Tables of contents for those materials are enclosed with this circular. Requests for certain printed matter Additional binders containing regulations, interpretations, and operating circulars will be available for purchase on request, by mail or in person at our Circulars Division, at the prices set forth below, which are based on our current costs and are subject to change. Unbound sets of regu lations and/or operating circulars will be available for purchase at a slightly lower cost, as indicated. Regulations Published Interpretations Operating Circulars Unbound sets (includes cost of paper, printing, and handling) $ 9.00 * $ 7.50 Sets with looseleaf binders $21.50 $7.50 $14.00 Postage and additional handling charges for mailing sets to purchaser— without binder with binder $ 3.50 $ 4.00 * $3.50 $ 3.00 $ 3.50 *Published Interpretations are not sold without binders. ( over) Copies of specific circulars, regulations, and operating circulars, and certain other published documents, will be supplied to persons or organizations free of charge; however, the Bank reserves the right to impose a charge on requests for large orders. AH requests for materials should be directed, either in writing or in person, to the Circulars Division of this Bank. Where fees are required, requests should be accompanied by checks for the appropriate amounts. As is our usual practice, the names of those who purchase complete sets of the foregoing publications will be placed on a mailing list to receive any revisions of the materials. Requests for mailing list changes We will also accept requests, in writing or in person, to add names to our mailing lists for circulars, regulations, or other printed matter distributed by the Circulars Division; however, t e l e p h o n e requests to make additions to the lists cannot be accepted. Written requests should be directed to the Circulars Division, and should specify the types of published materials desired. If your name already appears on one of the Bank’s mailing lists, and you wish to change or correct your address, you should return the incorrect address label with your requested changes or corrections. Effect of this circular on previous circular This circular supersedes Circular No. 8358, dated May 29, 1978. * * * * Questions regarding these procedures should be directed to the Circulars Division of this Bank (Tel. No. 212-791-5216 or 5212). A n t h o n y M . S olo m o n , P r e s id e n t. F E D E R A L RESERVE B A N K OF N E W Y O R K CONTENTS Title of Operating Circular Authorized Signatures ( Restricted ) ......................................................... Reserves of Member B anks.................................................................... Currency and Coin ................................................................................ Collection of Cash Items ........................................................................ Time Schedules—Availability of Credit for Cash Ite m s................... New York Head Office Time Schedule—Appendix No. 1 Jericho Office—Long Island Regional Check Processing Center (LIR C PC ) Time Schedule—Appendix No. 1-A Jericho Office—Downstate New York Regional Check Processing Center (DNY RCPC) Time Schedule—Appendix No. 1-B Utica Office—Northeastern New York Regional Check ProcessingCenter (NN Y RCPC) Time Schedule—Appendix No. 1-C Cranford Office—North Jersey Regional Check Processing Center (N JR C PC ) Time Schedule—Appendix No. 1-D Buffalo Branch Time Schedule—Appendix No. 2 Western New York Regional Check Processing Center (W N YRCPC) Time Schedule—Appendix No. 2-A Instructions to Collecting Banks and Paying Banks ......................... Saturday Closing .................................................................................... Collection of Noncash Ite m s.................................................................. Payment for Coupons—Appendix Reserved ............................................................................................................. Wire Transfers of Funds ...................................................................... Schedule of Time Limits for Wire Transfers of Funds—Appendix Federal Recurring Payments ................................................................ Advances and Discounts ........................................................................ Discount Rates ........................................................................................ Safekeeping, Handling, and Shipment of Definitive Securities......... Payment of Interest on Time and Savings D eposits......................... Federal Reserve Bank S tock.................................................................. Transactions in Marketable U.S. Treasury and Agency'Securities.... Redemption of Treasury Bonds To Pay Federal Estate Taxes—Appendix Deposit of Federal Taxes and other Public Monies with Depositary Banks; Maintenance of Treasury Tax and Loan A ccounts......... Reports of Transactions in Foreign Exchange, Transfers of Credit, and Export of Coin and C urrency........................................ United States Savings Bonds, Series E—Instructions to Issuing Agents .................................................................................... Book-Entry Securities ............................................................................ Text of Subpart O of Treasury Department Circular No. 300—Appendix A Federal Agencies with Book-Entry Regulations—Appendix B Correlation Table of Treasury and Agency Book-Entry Regulations—Appendix C Book-Entry Treasury Bills—Appendix D Agency Securities Available in Book-Entry Form Only—Appendix E Rev. 9/80 N o. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 CONTENTS R ules o f the B oard o f G overnors o f the F ed era l R eserve System Rules Regarding Availability of Information Rules Regarding Access to and Review of Personal Information in Systems of Records Rules Regarding Public Observation of Meetings Rules Regarding Delegation of Authority Rules of Organization Rules of Procedure Rules of Practice for Hearings Regulations of the Board of Governors of the Federal Reserve System Extensions of Credit by Federal Reserve Banks ................................................ Equal Credit O pportunity...................................................................................... Home Mortgage Disclosure..................................................................................... Reserve Requirements of Depository Institutions (eff. AW. IS, 19X0).............. Electronic Fund Transfers ..................................................................................... Securities of Member Stale B a n k s........................................................................ Securities Credit Transactions— Rules Governing Borrowers Who Obtain Securities C re d it..................... Securities Credit by Persons Other Than Banks, Brokers, or Dealers ... Credit by Brokers and D e a lers.................................................................... Credit by Banks for the Purpose of Purchasing or Carrying Margin Stocks ...................................................................... Membership of State Banking Institutions in the Federal Reserve System ...................................................................... Issue and Cancellation of Capital Stock of Federal Reserve B anks.................. Collection of Checks and Other Items and Transfers of Pounds......................... International Banking Operations......................................................................... Management Official Interlocks............................................................................. Relations with Foreign Banks and Bankers......................................................... Loans to Executive Officers, Directors, and Principal Shareholders of Member B anks............................................................................. ............. Minimum Security Devices and Procedures for Federal Reserve Banks and State Member B a n k s ............................................................................. Interest on D eposits................................................................................................. Relationships with Dealers in Securities Under Section 32 of the Banking Act of 1933 ...................................................................................... Reimbursement to Financial Institutions for Assembling or Providing Financial Records.................................................................... Loan Guarantees for Defense Production............................................................. Bank Holding Companies and Change in Bank Control .................................... Truth in Lending .................................................................................................... Unfair or Deceptive Acts or Practices.................................................................. Community Reinvestm ent...................................................................................... R ules o f O rgan ization and P roced u re of th e C onsum er A dvisory Council Rev. 9/80 A B C D E F X G T U H I J K L N 0 P Q R S V Y Z AA BB PUBLISHED INTERPRETATIONS OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM GENERAL TABLE OF CONTENTS PART I. FEDERAL RESERVE BANKS Btfina with CHAPTER CHAPTER CHAPTER CHAPTER CHAPTER 1. 2. 3. 4. 3. Organization o f Federal Reserve Banks............................. Receipt o f Deposit* by Federal Reserve Banks................ Discounts and Advances by Federal Reserve Banks....... Collection Functions o f Federal Reserve Banks.............. Federal Reserve N otes............................................................ If 1 51 300 51 400 51 1800 51 2000 PART H. MEMBER BANKS CHAPTER CHAPTER CHAPTER CHAPTER CHAPTER CHAPTER CHAPTER CHAPTER CHAPTER CHAPTER CHAPTER CHAPTER 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. Membership o f State Banks................................................... Domestic Branches................................................................... Mergers and Consolidations.................................................. Reserves o f Member Banks.................................................... Interest on Deposits in Member Banks............................... Loans and Investments of Member Banks......................... Member Bank Deposits with Nonmember Banks............ Affiliates...................................................................................... Securities Companies and Member Banks......................... Interlocking Bank Directorates.............................................. Securities of Member State Banks........................................ Bank Service Corporations..................................................... 51 2200 51 2500 51 2600 51 2700 51 3000 51 3700 51 4400 51 4500 514600 51 4800 51 5000 515400 PART IB. FOREIGN OPERATIONS CHAPTER 18. Foreign Operations................................................................... 51 5600 PART IV. MARGIN REQUIREMENTS CHAPTER 19. CHAPTER 20. Margin Requirements for Brokers and Dealers................. Margin Requirements for Lenders other than Brokers or Dealers.................................................................................... 51 5800 51 6400 PART V. HOLDING COMPANIES CHAPTER 21. Bank Holding Companies....................................................... 51 7000 PART VI. OPEN MARKET OPERATIONS CHAPTER 22. Open Market Operations......................................................... 51 7500 PART VH. TRUTH IN LENDING CHAPTER 23. Truth in Lending........................................................................ Table showing location in this Service of text of interpretations codified in the Code of Federal Regulations........................................................... Table showing page number in Federal Reserve BULLETIN and cor responding paragraph number in this Service........................................ Index .............................................................................................. 51 8500 p. 697 p. 699 p. 701 PART VIII. EQUAL CREDIT O PPORTUN ITY CHAPTER 24. Equal Credit O p p o rtu n ity ............................................... «j 9000 PART IX. HOME M ORTGAGE DISCLOSURE CHAPTER 25. Home Mortgage D isc lo su r e ............................................. 5 10010
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