Circular
Regulations with Dealers in Securities Under Section 32 of the Glass-Stegall Act
July 17, 1996
Circular No. 10861

Proposed Recission of Regulation R and Related Interpretation

To All Depository Institutions and Others Concerned in the Second Federal Reserve District:

The Board of Governors of the Federal Reserve System is proposing to rescind its Regulation R and a related interpretation, which deal with relations with dealers in securities under section 32 of the Glass-Steagall Act.

The text of the Board's proposal, as printed in the Federal Register of July 3. Comments thereon should be submitted by August 2, 1996 and be should to the Board, as specified in the notice.