July 3, 1997

REGULATIONS D AND I:
INTERSTATE BRANCHING

To Depository Institutions
in the Twelfth Federal Reserve District

Final Amendments to Facilitate Interstate Branching (Docket R-0963)

The Federal Reserve Board has announced amendments to Regulation D and Regulation I to define the location of a depository institution to facilitate interstate banking.

The final amendments are effective October 1, l997.

The amendments clarify the Federal Reserve District where a depository institution is eligible for Federal Reserve membership and the location of a depository institution's reserve account.

Final Amendment to Rules Regarding Delegation of Authority (Docket R-0973)

The Board is amending its delegation rules to allow the Secretary of the Board to determine the Federal Reserve District in which an institution is located for purposes of Federal Reserve membership and reserve account maintenance. This amendment should provide for more expeditious handling of location determinations.

This final amendment is effective October 1, 1997.

Copies

Copies of the Board's notices (Docket R-0963 and Docket R-0973) are available from our Corporate Services Department. To request copies to be sent via mail, please call (415) 974-2748. To request copies to be sent via fax, please call (415) 974-3333, and specify document numbers 4145 and 4122, respectively.

Additional Information

For additional information regarding these matters, please contact our Banking Statistics Department, at (415) 974-3098.

FEDERAL RESERVE BANK OF SAN FRANCISCO