# Extensions of Credit by Federal Reserve Banks
> **US Federal Reserve System** · Final rule. · Published 1999-08-02 · Effective 1999-10-01 · 64 FR 41765
## Document
- **Document number:** 99-19632
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 64 FR 41765
- **CFR reference:** 12 CFR 201
- **Publication date:** 1999-08-02
- **Effective date:** 1999-10-01
- **Docket:** Regulation A
## Abstract

The Board is amending its Regulation A to establish a special lending program under which Federal Reserve Banks will extend credit at a rate 150 basis points above the Federal Open Market Committee's targeted federal funds rate to eligible institutions to accommodate liquidity needs during the century date change period. Unlike adjustment credit, borrowers will not be required to seek credit elsewhere first, uses of funds will not be limited, and the loans may be outstanding for any period while the facility is open.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1999/08/02/99-19632/extensions-of-credit-by-federal-reserve-banks)
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