Correction to Circular 88-94 on Proposed Update to the Official Staff Commentary Regulation Z --Truth in Lending, Circular No. 89-4

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F e d e r a l R e s e r v e B a n k OF DALLAS W IL L IA M H . W A L L A C E FIRST VICE PRESIDENT AND CHIEF OPERATING OFFICER Circular 89-4 DALLAS, TEXAS 75222 January 20, 1989 TO: The Chief Executive Officer of all member banks and others concerned in the Eleventh Federal Reserve District SUBJECT Correction to Circular 88-94 on proposed update to the official staff commentary to Regulation Z — Truth in Lending DETAILS The Board of Governors of the Federal Reserve System recently requested public comment on a proposal to amend the official staff commentaries relating to consumer credit protection regulations in Circular 88-94 dated December 29, 1988. The Federal Register document on Regulation Z (Truth in Lending) contained several errors. The corrections are printed on the reverse side of this circular.

ATTACHMENTS The corrections as published in the Federal Register are printed on the reverse side of this circular.

MORE INFORMATION For further information, please contact Gary S. Renna at (214) 651-6228.

Sincerely yours, For additional copies of any circular please contact the Public Affairs Department at (214) 651-6289. Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank (800) 442-7140 (intrastate) and (800) 527-9200 (interstate).

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library ([email protected])

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Corrections Federal Register Vol. 54, No. 2 Wednesday, January 4, 1989 FEDERAL RESERVE SYSTEM 12 CFR Part 226 [Reg. Z; HI-1] Truth in Lending; Proposed Update to Offical Staff Commentary Correction In proposed rule document 88-27858 beginning on page 48925 in the issue of Monday, December 5,1988, make the following corrections:

Commentary to Subpart A [Corrected I 1. On page 48927, in the third column, in the paragraph designated 3., in the second line, “changes” should read “charges”, 2. On page 48928, in the first column, in the first complete paragraph, in the 12th line, “sole” should read “sold”. 3. On the same page , in the second column, in the first complete paragraph, in the 10th line, “single”was misspelled. 4. On the same page, in the third column, in the third complete paragraph, in the fifth line, "balloon”was misspelled.

BILLING CODE 1505-01-0