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FE D E R A L R ESERVE BANK O F N E W YORK A7aizr/oi<r</3 August 25, 1976 REGULATION U Postponement of Effective Date of Adoption of Revised F.R. Form U-l To A ll B a n ks, a n d O thers Concerned, in th e S eco n d Federal R eserve D istrict: The Board of Governors of the Federal Reserve System has postponed, to November 1, 1976, the effective date for implementation of its revised Federal Reserve Form U-l entitled “ Statement of Purpose of a Stock-Secured Extension of Credit by a Bank.” A copy of this form was sent to you with our letter dated July 23, 1976, Printed below is the text of the Board’s Order postponing the effective date for the use of the form. Any questions regarding this matter may be directed to the Securities Regulations Division of our Bank Regulations Department. PAUL A. VOLCKER, President. [Reg. U] P A R T 221— C R E D IT BY B A N K S FO R TH E P U R P O SE O F P U R C H A SIN G OR C A R R Y IN G M A R G IN STO C K S (D ocket No. R-0026) N otice P ostponing Effective D ate o f A doption o f R evised Federal Reserve Form U - l “ Statem ent o f Purpose o f a Stock-Secured E xtension o f Credit by a B a n k ” 1. Pursuant to the authority of Section 7 of the 2. Because some banks have indicated possible operational difficulties in complying with certain re Securities Exchange Act of 1934 (15 U.S.C. 78g), the Board of Governors, on June 11, 1976 (41 Federal quirements of the revised Form U-l, the Board hereby Register 23667) published notice of adoption of Federal postpones the effective date of such revision to November 1, 1976 in order that these questions may be Reserve Form U-l, “Statement of Purpose of a Stockreviewed. Secured Extension of Credit by a Bank,” to be effective September 1, 1976. By order of the Board of Governors, August 18, 1976.
@FedFRASER