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FEDERAL RESERVE BANK OF NEW YORK Circular No. 9 0 8 7 a July 8. 1981 TRUTH IN LENDING SIMPLIFICATION AND REFORM ACT — Revised Regulation Z Pamphlet, on Truth in Lending — New Regulation M Pamphlet, on Consumer Leasing To All Depository Institutions in the Second Federal Reserve District. and Others Concerned: As indicated in our Circular No. 9054, dated April 22, 1981, the Board of Governors of the Federal Reserve System has revised its Regulation Z, “Truth in Lending,” to carry out the objectives of the Truth in Lending Simplification and Reform Act, and has also adopted a new Regulation M, “Consumer Leasing,” which had formerly been included in Regulation Z and which implements the provisions of the Consumer Leasing Act. Copies of the new regulation pamphlets are enclosed. Note that the enclosed pamphlets are printed in a smaller size (6"x9") than usual. The Board of Governors has advised us that all future copies of its Regulations will also be printed in the smaller size as they are issued or revised, so that eventually all of the Board’s regulations will be uniformly published in that size. These sm a lle r p a m p h le ts w ill f i t the e x istin g regu lation s b in d er; therefore, we do not p la n to issue a new -size binder. Also enclosed, for those who have complete sets of the Board’s regulations, is a revised table of contents reflecting the addition of the new Regulation M. Requests for additional copies of the enclosures should be directed to the Circulars Division of this Bank. Questions regarding Regulation Z or Regulation M may be directed to our Consumer Affairs and Bank Regulations Department (Tel. No. 212-791-5914). A n th o n y M. S olomon , President. C O N T EN T S Rules of the Board of Governors of the Federal Reserve 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 ............................................... A Equal Credit Opportunity................................................................................... B Home Mortgage Disclosure................................................................................. C Reserve Requirements of Depository Institutions............................................... D Electronic Fund Transfers ................................................................................. E Securities of Member State B anks..................................................................... F Securities Credit Transactions— Rules Governing Borrowers Who Obtain Securities C redit..................... X Securities Credit by Persons Other Than Banks, Brokers, or Dealers ... G Credit by Brokers and D ealers.................................................................. T Credit by Banks for the Purpose of Purchasing or Carrying Margin Stocks ..................................................................... U Membership of State Banking Institutions in the Federal Reserve System.................................................................... H Issue and Cancellation of Capital Stock of Federal Reserve B anks................. I Collection of Checks and Other Items and Transfers of F unds........................ J International Banking Operations....................................................................... K Management Official Interlocks.......................................................................... L Consumer Leasing ............................................................................................... M Relations with Foreign Banks and Bankers....................................................... N Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks........................................................................................ 0 Minimum Security Devices and Procedures for Federal Reserve Banks and State Member B an k s.......................................................................... P Interest on Deposits.............................................................................................. Q Relationships with Dealers in Securities Under Section 32 of the Banking Act of 1933 ................................................................................... R Reimbursement to Financial Institutions for Assembling or Providing Financial Records.................................................................. S Loan Guarantees for Defense Production........................................................... V Bank Holding Companies and Change in Bank Control ................................... Y Truth in Lending.................................................................................................. Z Unfair or Deceptive Acts or Practices................................................................. AA Community Reinvestment.................................................................................... BB Rules of Organization and Procedure of the Consumer Advisory Council Rev. 6/81
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