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 February 19, 2010 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: A flexible rate that takes into account rates charged on market sources of funds is ordinarily established on the first business day of each two-week Reserve Maintenance Period. |
0.75% 1.25% |
This circular supersedes Supplement No. 1 to Operating Circular No.10 revised December 18, 2008 and should be placed in your binder containing the operating circulars of this Bank.
Charles Plosser
President