WASHINGTON, Oct. 2 -- Federal Reserve System has issued a rule called: Regulation A: Extensions of Credit by Federal Reserve Banks.
The rule was published in the Federal Register on Oct. 2 by Michele Taylor Fennell, Associate Secretary of the Board.
Summary: The Board of Governors of the Federal Reserve System ("Board") has adopted final amendments to its Regulation A to reflect the Board's approval of a decrease in the rate for primary credit at each Federal Reserve Bank. The secondary credit rate at each Reserve Bank automatically decreased by formula as a result of the Board's primary credit rate action.
For more information, contact M. Benjamin Snodgrass, Special Counsel 202-263-4877), Legal Division, or Nicole Trachman, Financial In...