For immediate release

The Federal Reserve Board today announced a month-long extension of time to receive public comments on proposed amendments to its margin regulations (Regulations G, T, and U) issued in response to the enactment of the National Securities Markets Improvement Act. Comment must now be received by January 31, 1997. The Board has taken this action at the request of commenters to allow more time to analyze the proposal and provide more meaningful comments. The Board's extension order is attached.

FEDERAL RESERVE SYSTEM 12 CFR Parts 207, 220, and 221 [Regulations G, T, and U; Docket No. R-0944] Securities Credit Transactions AGENCY: Board of Governors of the Federal Reserve System. ACTION: Proposed rule; extension of comment period. SUMMARY: The Board is extending the comment period on its proposal to amend its margin regulations, Regulations G, T, and U, to give the public additional time to comment on the proposal. The Secretary of the Board, acting pursuant to delegated authority, has extended the comment period from December 26, 1996, to January 31, 1997, to give the public additional time to provide comments. DATES: Comments should be received on or before January 31, 1997. ADDRESSES: Comments should refer to Docket R-0944, and may be mailed to William Wiles, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, N.W., Washington, DC 20551. Comments addressed to Mr. Wiles also may be delivered to Room B-2222 of the Eccles Building between 8:45 a.m. and 5:15 p.m. weekdays, or to the guard station in the Eccles Building courtyard on 20th Street N.W. (between Constitution Avenue and C Street N.W.) at any time. Comments received will be available for inspection in Room MP-500 of the Martin Building between 9:00 a.m. and 5:00 p.m. weekdays, except as provided in 12 CFR 261.9 of the Board's Rules Regarding the Availability of Information. FOR FURTHER INFORMATION CONTACT: Oliver Ireland, Associate General Counsel (202) 452-3625, Gregory Baer, Managing Senior Counsel (202) 452-3236, or Scott Holz, Senior Attorney (202) 452-2966, Legal Division; for the hearing impaired only, Telecommunications Device for the Deaf (TDD), Dorothea Thompson (202) 452-3544. SUPPLEMENTARY INFORMATION: On November 26, 1996, the Board requested comment on amendments to its margin regulations, Regulations G, T, and U (61 FR 60168). By order of the Secretary of the Board, acting pursuant to delegated authority for the Board of Governors of the Federal Reserve System, December 17, 1996. William W. Wiles Secretary of the Board

1996 Banking and consumer regulatory policy