Final rule-amendment to regulation A. (Legal Developments).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 a decrease 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 6, 2002, 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: 1 U.S.C. 343 et seq et seq. et seq. (et seek) n. abbreviation for the Latin phrase et sequentes meaning "and the following." It is commonly used by lawyers to include numbered lists, pages or sections after the first number is stated, as in "the rules of the road are found in Vehicle Code Section 1204, et seq." (et seek) n. abbreviation for the Latin phrase et sequentes meaning "and the following." It is commonly used by lawyers to include numbered lists, pages or sections after the first number is stated, as in "the rules of the road are found in Vehicle Code Section 1204, 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 .75 November 7, 2002 New York .75 November 6, 2002 Philadelphia .75 November 7, 2002 Cleveland .75 November 7, 2002 Richmond .75 November 7, 2002 Atlanta .75 November 7, 2002 Chicago .75 November 7, 2002 St. Louis .75 November 7, 2002 Minneapolis .75 November 7, 2002 Kansas City .75 November 7, 2002 Dallas .75 November 6, 2002 San Francisco .75 November 6, 2002 |
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