[Federal Register: October 5, 2007 (Volume 72, Number 193)]
[Rules and Regulations]
[Page 56889-56890]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr05oc07-2]
=======================================================================
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
12 CFR Part 201
[Regulation A]
Extensions of Credit by Federal Reserve Banks
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Correcting amendments.
-----------------------------------------------------------------------
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
is correcting a document published in the Federal Register of September
27, 2007, that amended Regulation A to reflect a decrease in the
primary and secondary credit rates at each Federal Reserve Bank.
DATES: This correction is effective October 5, 2007. The rate changes
for primary and secondary credit were effective on the dates specified
in 12 CFR 201.51, as amended.
FOR FURTHER INFORMATION CONTACT: Jennifer J. Johnson, Secretary of the
Board (202/452-3259); for users of Telecommunication Devices for the
Deaf (TDD) only, contact 202/263-4869.
SUPPLEMENTARY INFORMATION: The Board published a document in the
Federal Register of September 27, 2007 (72 FR 54813). The document (FR
Doc. E7-19062) amended the Federal Reserve Banks' primary and secondary
credit rates on extensions of credit available to depository
institutions as a backup source of funding on a short-term basis. This
document corrects the secondary credit rates for the Federal Reserve
Bank of Dallas and the Federal Reserve Bank of San Francisco.
List of Subjects in 12 CFR Part 201
Banks, Banking, Federal Reserve System, Reporting and
recordkeeping.
Authority and Issuance
0
For the reasons set forth in the preamble, the Board is amending 12 CFR
Chapter II to read as follows:
[[Page 56890]]
PART 201--EXTENSIONS OF CREDIT BY FEDERAL RESERVE BANKS (REGULATION
A)
0
1. The authority citation for part 201 continues to read as follows:
Authority: 12 U.S.C. 248(i)-(j), 343 et seq., 347a, 347b, 347c,
348 et seq., 357, 374, 374a, and 461.
0
2. In Sec. 201.51 in paragraph (b), the entries for Dallas and San
Francisco are revised to read as follows:
Sec. 201.51 Interest rates applicable to credit extended by a Federal
Reserve Bank.\1\
---------------------------------------------------------------------------
\1\ The primary, secondary, and seasonal credit rates described
in this section apply to both advances and discounts made under the
primary, secondary, and seasonal credit programs, respectively.
---------------------------------------------------------------------------
* * * * *
(b) * * *
------------------------------------------------------------------------
Federal Reserve Bank Rate Effective
------------------------------------------------------------------------
* * * * *
Dallas........................... 5.75 September 19, 2007.
San Francisco.................... 5.75 September 18, 2007.
------------------------------------------------------------------------
* * * * *
By order of the Board of Governors of the Federal Reserve
System, October 2, 2007.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E7-19691 Filed 10-4-07; 8:45 am]
BILLING CODE 6210-01-P