District Circular Letters

May 16, 2000

ADVANCES AND DISCOUNTS

To Depository Institutions
and Others Concerned
in the Twelfth Federal Reserve District

Enclosed is an amendment to the rates of interest on advances and discounts in the Twelfth Federal Reserve District. The enclosure, which is effective May 16, 2000, reflects an increase from 5½% to 6% in the basic discount rate that applies to our short-term adjustment credit advances and certain extended credit advances.

You may obtain additional information about our rates of interest from the District Credit Unit in San Francisco by calling (415) 974-2974.

Additional Information

For additional information regarding the Interagency Question and Answers, please contact our Banking Supervision and Regulation Department, at (415) 974-2953, or (415) 974-2955.

ROBERT T. PARRY, PRESIDENT
FEDERAL RESERVE BANK OF SAN FRANCISCO

Enclosure