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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; 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.

Effective December 11, 2001, 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--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 1.25 December 11, 2001
New York 1.25 December 11, 2001
Philadelphia 1.25 December 11, 2001
Cleveland 1.25 December 13, 2001
Richmond 1.25 December 13, 2001
Atlanta 1.25 December 13, 2001
Chicago 1.25 December 11, 2001
St. Louis 1.25 December 12, 2001
Minneapolis 1.25 December 13, 2001
Kansas City 1.25 December 13, 2001
Dallas 1.25 December 13, 2001
San Francisco 1.25 December 11, 2001
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Title Annotation:Board of Bovernors
Publication:Federal Reserve Bulletin
Article Type:Brief Article
Geographic Code:1USA
Date:Feb 1, 2002
Words:233
Previous Article:Enforcement actions. (Announcements).
Next Article:Final rule--amendment to Regulation C. (Legal Developments).
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