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FEDERAL RESERVE BANK OF MEW YORIC [ Circular No. ^§$>4 "1 July 16, 1985 RED U CIN G R IS K S ON LARGE-DOLLAM W IR E TRA N SFER SYSTEMS Extension of C om m ent Period on Proposals R egarding A utom ated B ook-Entry Securities T ransfers To All Depository Institutions in the Second Federal Reserve District, and Others Concerned: The Board of Governors of the Federal Reserve System has extended the comment period on its proposal regarding risks arising from the transfer of book-entry securities on Fedwire (Docket No. R-0515A). The comment period has been extended from August 15 to September 30, 1985. These re quests for comment were published as part of the Board’s actions regarding risks on large-dollar wire transfer systems. Printed on the reverse side of this circular is the text of the Board’s notice in this matter. Comments may be directed to Cathy E. Minehan, Vice President, who is this District’s day light overdraft liaison officer, or to her alternate, George R. Juncker, Chief Compliance Examiner. E. G e r a l d C o r r ig a n , President. (OVER) FEDERAL RESERVE SYSTEM [Docket No. R-0515A] Requests for Comments on Proposals Regarding Book-Entry Securities Transfers AGENCY: Board of Governors of the Federal Reserve System. ACTION: Extension of the comment periods. SUMMARY: On May 17, 1935, the Board requested public comment on proposals regarding book-entry securities transfers No. R-0515A). These requests attempts to reduce risks are related to (Docket the Board's in the payments system that were announced on the same day. 50 Fed. Comments were due by August 15, request, the Secretary of the Reg. 1985 . Board, 21,120 et seq. In response acting to a pursuant to delegated authority, 12 C.F.R. § 265.2(a)(5), has extended the comment period for 45 days. DATE: Comments must be received by September 30, 1985. FOR FURTHER INFORMATION CONTACT: Mr. Edward C. Ettin, Deputy Director, Division of Research and Statistics M r. Elliott C. McEntee, Associate Director (202/452-3368); (202/452-3926), Ms. Florence Young, Adviser (202/452-3955), Division of Federal Reserve or Bank Operations; Ms. Joy W. O'Connell, Telecommunication Device for the Deaf (TDD) (202/452-3244). By order pursuant of to delegated the Secretary authority, of the 12 C.F.R. Board, acting § 265.2(a)(6), July 8, 1985. (signed) William W. Wiles William W. Wiles Secretary of the Board
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