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NOTICE BOARD OF GO VERNO RS’ SEM IA N N U A L REGULATO RY AGENDA A PRIL 1,1980 - OCTOBER 1,1986 The Board of Governors of the Fed eral Reserve System has issued its Sem iannual Regulatory Agenda for the period A pril 1,1986 through October 1 ,1 9 8 6 . The Agenda provides inform ation on those regulatory m atters that the Board now has under consideration or anticipates considering over the next six months. It is divided into three parts: (1) regulatory m atters th at the Board may consider for public com m ent during the next six months; (2) m atters th at have been proposed and are under consideration; and (3) regulatory m atters that the Board has completed or is not expected to consider further. The Agenda is published in the Federal Register twice a year -- in A pril and in October. Comments regarding any of the Agenda items should be subm itted directly to the Board of Governors. We will be pleased to furnish a copy of the Agenda, at the tim e of its publication, upon request (Tel. No. 212-791-5216). C irculars Division F ed eral Reserve B ank of New Y ork M arch 14, 1986