For immediate release

The Federal Reserve Board today announced an extension of time to receive public comments on its advance notice of proposed rulemaking concerning its margin regulations, Regulations T, U and X. The comment period is being extended from April 1, l998, to May 1, 1998. The Board's notice is attached.

FEDERAL RESERVE SYSTEM 12 CFR Parts 220, 221 and 224 [Regulations T, U and X; Docket No. R-0995 ] Securities Credit Transactions AGENCY: Board of Governors of the Federal Reserve System. ACTION: Advance notice of proposed rulemaking and request for comment; extension of comment period. SUMMARY: The Board is extending the comment period for responding to the Board's advance notice of proposed rulemaking concerning its margin regulations, Regulations T, U and X. The Secretary of the Board, acting pursuant to delegated authority, has extended the comment period from April 1, 1998, to May 1, 1998, to give the public additional time to provide comments. DATES: Comments should be received by May 1, 1998. ADDRESSES: Comments should refer to Docket No. R-0995 and may be mailed to William W. Wiles, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, N.W., Washington, DC 20551. Comments 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 261.12 of the Board's Rules Regarding Availability of Information. FOR FURTHER INFORMATION CONTACT: Oliver Ireland, Associate General Counsel (202) 452-3625; Scott Holz, Senior Attorney (202) 452-2966; or Jean Anderson, Staff Attorney (202) 452-3707, Legal Division; for the hearing impaired only, Telecommunications Device for the Deaf (TDD), Diane Jenkins (202) 452-3544.

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SUPPLEMENTARY INFORMATION: On January 16, 1998, the Board requested comment in response to an advance notice of proposed rulemaking concerning its margin regulations, Regulations T, U and X (63 FR 2840). By order of the Board of Governors of the Federal Reserve System, March 31, 1998. (signed) William W. Wiles William W. Wiles Secretary of the Board

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1998 Banking and consumer regulatory policy