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        <title>Extensions of Credit by Federal Reserve Banks; Reserve Requirements of Depository Institutions</title>
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    <abstract>The Board of Governors is publishing final amendments to Regulation A that replace the existing adjustment and extended credit programs with programs called primary and secondary credit and also reorganize and streamline existing provisions of Regulation A. The final rule leaves the existing seasonal credit program essentially unchanged. The final rule is intended to improve the functioning of the discount window and does not indicate a change in the stance of monetary policy. The Board also is amending the penalty provision of Regulation D, which is calculated based on the discount rate, to conform the calculation of penalties for reserve deficiencies to the new discount rate framework.</abstract>
    <identifier type="FR citation">67 FR 67777</identifier>
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        <topic>Banks</topic>
        <topic>Banking</topic>
        <topic>Federal Reserve System</topic>
        <topic>Reporting and Recordkeeping Requirements</topic>
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            <partNumber>Title 12 Part 201</partNumber>
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            <partNumber>Title 12 Part 204</partNumber>
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        <searchTitle>Extensions of Credit by Federal Reserve Banks; Reserve Requirements of Depository Institutions; Federal Register Vol. 67, Issue </searchTitle>
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        <action>Final rule; technical amendment.</action>
        <summary>The Board of Governors is publishing final amendments to Regulation A that replace the existing adjustment and extended credit programs with programs called primary and secondary credit and also reorganize and streamline existing provisions of Regulation A. The final rule leaves the existing seasonal credit program essentially unchanged. The final rule is intended to improve the functioning of the discount window and does not indicate a change in the stance of monetary policy. The Board also is amending the penalty provision of Regulation D, which is calculated based on the discount rate, to conform the calculation of penalties for reserve deficiencies to the new discount rate framework.</summary>
        <dates>This final rule will become effective on January 9, 2003.</dates>
        <contact>Brian Madigan, Deputy Director (202/ 452-3828) or William Nelson, Senior Economist (202/452-3579), Division of Monetary Affairs; or Stephanie Martin, Assistant General Counsel (202/452-3198) or Adrianne Threatt, Counsel (202/452-3554), Legal Division; for users of Telecommunication Devices for the Deaf (TDD) only, contact 202/263-4869.</contact>
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            <subject>Banks</subject>
                                    
            <subject>Banking</subject>
                                    
            <subject>Federal Reserve System</subject>
                                    
            <subject>Reporting and Recordkeeping Requirements</subject>
                                
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        <tocSubject1>Extensions of credit by Federal Reserve banks (Regulation A):</tocSubject1>
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            <partNumber>Vol. 67, no. 216</partNumber>
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