Open market operations
Federal Open
Market Committee—See Federal
Open Market Committee.
Federal Reserve
Banks,
1-129 et seq.;
8-823 et seq.
Acceptances
Bill
of sale, secured by; not eligible for purchase,
8-846Capital purposes, for; not eligible for purchase,
8-845Federal Intermediate
Credit Bank,
1-135National
Agricultural Credit Corporation,
1-135Purchase authority, scope of,
8-847Bills payable in foreign currencies, purchase or
sale,
7-088Cooperative marketing
association paper, rulings and purchase principles,
8-855Discount rates, establishment,
1-133Emergency, actions authorized
during,
8-833Foreign correspondents of,
1-134Account establishment, Federal Reserve Board approval,
8-110Foreign currencies, bills payable in; purchase
or sale,
7-088Gold, dealings
in and loans on,
1-130Investment
purchases, principles governing,
7-094System Open Market
Account
Federal-agency issues,
8-834Manager, designation and functions of,
8-804Securities in, allocation
of,
8-831Transactions in
obligations for,
8-826 et seq.
Options
Accounts eligible for exercise
of option and sale of underlying security,
5-666.22Acquisition of underlying stock,
5-666.24Arbitrage accounts, in,
5-689Conversions and reverse
conversions,
5-540Assignment,
loans secured by, credit by brokers and dealers,
5-666.16Bank holding companies
Agent, providing transactional services as; closely related
to banking,
4-049.3Principal,
engaging as; activity closely related to banking,
4-049.5Broad-based index options, escrow
receipts for,
5-666.14Brokers
and dealers, credit by,
5-651 et seq.
Calls
Long-in-the-money, valuation
as of trade date,
5-740.2Margin requirements,
5-443 et seq.
Short sales against the box,
5-496Cash account of broker or dealer, escrow agreements
and receipts—See Escrow agreements as
cover and Escrow receipts, this
heading.
Clearance of, applicability of
Regulation T,
5-436Commingling
of positions,
5-666Commodity,
on; definition as to money laundering,
3-1700.2Conversions and reverse conversions, arbitrage
account,
5-540Convertible
securities, registered; not considered,
5-059Covered option transaction, definition,
5-392.1Covers for
Treasury bond options, credit by brokers and dealers,
5-666.15Current market
value,
5-740 et seq.
Deep-in-the-money
put and call,
5-487Employee
stock option plans—See Employee stock option and ownership plans.
Escrow agreements as cover,
5-615.9Escrow receipts
Broad-based
index options, for,
5-666.14Exercise, and sale of
underlying security,
5-666.22Expiration, price options,
5-655Foreign securities, on; U.S. broker-dealer as intermediary,
5-666.27Broker-dealer credit account, purchase of options in,
5-615.77Loan value in margin account,
5-775Long position—See Offset positions, this heading.
Margin account,
separation of options transactions in,
5-634Margin requirements,
5-651Calls, definition as to credit by brokers
and dealers,
5-396Deep-in-the-money
put and call,
5-487Stock
purchases, for; hedging transactions,
5-666.17Offset positions, permitted for
specialists, DIAMONDS as cover,
5-646.16Positions
Commingling of specialist
and nonspecialist,
5-666Offset—See Offset positions, this heading.
Release on short sales for margin
accounts,
5-693.2Price
options, expiration,
5-655Process date, exercise of option and sale of underlying security,
5-666.22Puts
Guarantee
Margin requirements,
5-651Short—See Short puts and calls, this heading.
Short sales—See Short sales, this heading.
Registered
warrant, right, or convertible security not considered,
5-059Right, registered; not considered,
5-059Securities
When-issued, not to be used to offset options in market-maker
account,
5-743Short positions—See Offset positions, this heading.
Short puts and calls
Short sales
Against the
box, puts and calls,
5-496Calculation of adjusted debit balance and required margin,
5-690Convertible debt security,
5-688Margin requirements,
5-444Release of premiums
for margin,
5-693.2Stock purchases, margin for; hedging transactions,
5-666.17Unissued securities,
5-652Warrants, registered; not
considered,
5-059When-issued
securities not to be used to offset options in market-maker account,
5-743Overdrafts
Balances, assessing interest
on, excluded from finances charge for truth in lending,
6-1164.8;
6-6164.8Banks, payment by to member bank officers, directors,
and shareholders,
3-1086Checking accounts—See also Truth in lending, this heading.
Availability
of funds—See Availability
of funds.
Fair credit reporting, applicability
of rules to,
6-1597Protection plans—See Protection
plans, this heading.
Daylight, on large-dollar systems,
9-1012 et
seq.
See also Wire transfers of funds.
Collateralized capacity,
9-1018Federal Reserve
accounts, in; pricing,
9-1012 et seq.
Foreign banks, U.S. agencies and branches of,
9-1017Government-sponsored
enterprises,
9-1023International
organizations,
9-1023Trust
companies, limited-purpose,
9-1022Definition as to account at Federal Reserve
Bank, industrial bank, or nonbank bank,
4-052.86Edge corporation, by
Loan to cover exempt from reserve requirements for
parent bank,
2-308.1Fair
credit reporting, applicability of rules to checking account overdrafts,
6-1597Industrial banks,
at or by,
4-052.85 et seq.
Loans to officers, directors, and shareholders of member banks,
3-974Definition of ``pay an
overdraft on account,''
3-966Nonbank
banks, at or by,
4-052.85 et seq.
Trust account, computation of
reserves,
2-260.12Truth
in lending
