[Code of Federal Regulations]
[Title 12, Volume 2, Parts 200 to 219]
[Revised as of January 1, 1999]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR201.52]

[Page 9-10]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 201--EXTENSIONS OF CREDIT BY FEDERAL RESERVE BANKS (REGULATION A)--Table of Contents
 
Sec. 201.52  Extended credit for depository institutions.

    (a) Seasonal credit. The rate for seasonal credit extended to 
depository institutions under Sec. 201.3(b) is a flexible rate that 
takes into account rates on market sources of funds, but in no case will 
the rate charged be less than the rate for adjustment credit as set out 
in Sec. 201.51.
    (b) Extended credit. For extended credit to depository institutions 
under Sec. 201.3(c), for credit outstanding for more than 30 days, a 
flexible rate will be charged that takes into account rates on market 
sources of funds, but in no case will the rate charged be less than the 
rate for adjustment credit, as set out in Sec. 201.51, plus one-half 
percentage point. At the discretion of the

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Federal Reserve Bank, the 30-day time period may be shortened.

[Reg. A, 59 FR 29538, June 8, 1994, as amended at 59 FR 60700, Nov. 28, 
1994]

                             Interpretations