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FINAL RULE--AMENDMENT TO REGULATION A.

The Board of Governors is amending 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 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.

The amendments to Part 201 (Regulation A) were effective January 31, 2001. The rate changes for adjustment credit were effective on the dates specified below:

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 January 31, 2001
New York 5.0 January 31, 2001
Philadelphia 5.0 January 31, 2001
Cleveland 5.0 January 31, 2001
Richmond 5.0 January 31, 2001
Atlanta 5.0 January 31, 2001
Chicago 5.0 January 31, 2001
St. Louis 5.0 February 1, 2001
Minneapolis 5.0 January 31, 2001
Kansas City 5.0 February 1, 2001
Dallas 5.0 January 31, 2001
San Francisco 5.0 January 31, 2001
COPYRIGHT 2001 Board of Governors of the Federal Reserve System
No portion of this article can be reproduced without the express written permission from the copyright holder.
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Publication:Federal Reserve Bulletin
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 1, 2001
Words:244
Previous Article:TELEPHONE CONFERENCE MEETING.
Next Article:FINAL RULE--AMENDMENT TO REGULATION E.
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