To: All Member Banks and Others Concerned in the Third Federal Reserve District
Attention: All Depository Institutions
Subject: Supplement No. 1 to Operating Circular No. 10 - Rate Schedule
Summary:
Effective December 14, 2004 this Bank has established the following new schedule of rates for credit extended to eligible borrowers under the Federal Reserve Act, as amended, and Regulation A of the Board of Governors of the Federal Reserve System:
Per Cent |
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(1) for short-term primary credit under Section 201.4 (a) of Regulation A (2) for short-term secondary credit under Section 201.4 (b) of Regulation A (3) for
seasonal credit under Section 201.4 (c) of Regulation A: |
3.25% 3.75% |
This circular supersedes Supplement No. 1 to Operating Circular No.10 revised November 10, 2004, and should be placed in your binder containing the operating circulars of this Bank.
Signed,
ANTHONY M. SANTOMERO
President