Final Rule—Amendment To Regulation A - Extensions of Credit by Federal Reserve Banks - Brief Article

Federal Reserve Bulletin, May, 2000

The Board of Governors is amending 12 C.F.R. Part 201, its Regulation A (Extensions of Credit by Federal Reserve Banks), 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 March 21, 2000, 12 C.F.R. Part 201 is amended as follows:

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--Adjustments 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                     5.5    March 21, 2000
New York                   5.5    March 21, 2000
Philadelphia               5.5    March 21, 2000
Cleveland                  5.5    March 21, 2000
Richmond                   5.5    March 21, 2000
Atlanta                    5.5    March 21, 2000
Chicago                    5.5    March 21, 2000
St. Louis                  5.5    March 22, 2000
Minneapolis                5.5    March 21, 2000
Kansas City                5.5    March 21, 2000
Dallas                     5.5    March 23, 2000
San Francisco              5.5    March 21, 2000