Final Rule—Amendment To Regulation A - Statistical Data Included

Federal Reserve Bulletin, Jan, 2000

The Board of Governors has amended 12 C.F.R. Part 201, its Regulation A (Extensions of Credit by Federal Reserve Banks; Change in Discount Rate), to reflect its approval of an increase in the basic discount rate at each Federal Reserve Bank. The Board acted on requests submitted by the Boards of Directors of the twelve Federal Reserve Banks.

Effective November 16, 1999, 12 C.F.R. Part 201 is amended as follows. The rate changes for adjustment credit were effective on the dates specified in 12 C.F.R. 201.51.

Part 201-Extensions of Credit by Federal Reserve Banks (Regulation A)

1. The authority citation for 12 C.F.R. Part 201 continues to read as follows:

Authority: 12 U.S.C. 343 et seq., 347a, 347b, 347c, 347d, 348 et seq., 357, 374, 374a, and 461.

2. Section 201.51 is revised to read as follows:

Section 201.51-Adjustment credit for depository institutions.

The rates for adjustment credit provided to depository institutions under section 201.3(a) are:

Federal Reserve Bank   Rate     Effective

Boston                 5.0      November 16, 1998
New York               5.0      November 18, 1998
Philadelphia           5.0      November 18, 1998
Cleveland              5.0      November 16, 1998
Richmond               5.0      November 16, 1998
Atlanta                5.0      November 17, 1998
Chicago                5.0      November 18, 1998
St. Louis              5.0      November 18, 1998
Minneapolis            5.0      November 18, 1998
Kansas City            5.0      November 16, 1998
Dallas                 5.0      November 17, 1998
San Francisco          5.0      November 16, 1998