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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 October 2, 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 2.0 October 2, 2001
New York 2.0 October 2, 2001
Philadelphia 2.0 October 4, 2001
Cleveland 2.0 October 2, 2001
Richmond 2.0 October 2, 2001
Atlanta 2.0 October 2, 2001
Chicago 2.0 October 2, 2001
St. Louis 2.0 October 3, 2001
Minneapolis 2.0 October 3, 2001
Kansas City 2.0 October 2, 2001
Dallas 2.0 October 2, 2001
San Francisco 2.0 October 2, 2001
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Article Details
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Author:Dev. Frierson, Robert
Publication:Federal Reserve Bulletin
Article Type:Brief Article
Geographic Code:1USA
Date:Dec 1, 2001
Words:233
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