{"abstract":"As part of a program to periodically review its regulations, the Board is proposing amendments to Regulation T, the regulation that covers extensions of credit by and to broker and dealers (also known as creditors). These amendments reflect consideration of the comments submitted in response to the Board's Advance Notice of Proposed Rulemaking. Many of the proposed amendments feature increased reliance on rules of the Securities and Exchange Commission (SEC) and self- regulatory organizations (SROs) and others would make Regulation T consistent with Regulation G and Regulation U, the regulations covering securities credit by lenders other than broker-dealers. Proposed changes in the options area include permitting loan value for long positions in exchange-traded options and increasing reliance on the margin rules of the exchange that trades the option for customer and specialist transactions. These changes would also allow creditors to recognize the offsetting nature of financial futures in calculating margin for securities options. Proposed amendments in the international area will reduce restrictions on transactions involving foreign securities that are not publicly traded in the United States and foreign securities being sold on an installment basis if the U.S. component is a relatively small percentage of the offering. Broker- dealers would also be given more flexibility in computing overall margin requirements for customer accounts with securities denominated in one or more foreign currencies. In addition to these and other amendments, technical changes are being proposed to clarify areas that have raised questions, update references, or restore language inadvertently deleted. The Board is also soliciting comments on a number of specific proposals. Finally, a number of questions regarding the existing regulation raised by commenters are being answered.","action":"Proposed rule.","agencies":[{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/1995/06/29/95-15680.html","cfr_references":[{"chapter":null,"citation_url":null,"part":220,"title":12}],"citation":"60 FR 33763","comment_url":null,"comments_close_on":"1995-08-28","correction_of":null,"corrections":[],"dates":"Comments should be received on or before August 28, 1995.","disposition_notes":null,"docket_ids":["Regulation T","Docket No. R-0772"],"dockets":[],"document_number":"95-15680","effective_on":null,"end_page":33779,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":null,"html_url":"https://www.federalregister.gov/documents/1995/06/29/95-15680/securities-credit-transactions-review-of-regulation-t-credit-by-brokers-and-dealers","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/95-15680?publication_date=1995-06-29","mods_url":"https://www.govinfo.gov/metadata/granule/FR-1995-06-29/95-15680/mods.xml","not_received_for_publication":null,"page_length":17,"page_views":{"count":230,"last_updated":"2026-04-05 02:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-1995-06-29/pdf/95-15680.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"1995-06-29","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/1995/06/29/95-15680.txt","regulation_id_number_info":{"7100-AB28":{"issue":"199604","html_url":"https://www.federalregister.gov/regulations/7100-AB28/regulation-t-credit-by-brokers-and-dealers-docket-number-r-0772-","title":"Regulation: T -- Credit by Brokers and Dealers (Docket Number: R-0772)","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=199604&RIN=7100-AB28&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["7100-AB28"],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2011-09-21T05:44:51Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":33763,"subtype":null,"title":"Securities Credit Transactions; Review of Regulation T, ``Credit by Brokers and Dealers''","toc_doc":null,"toc_subject":null,"topics":[],"type":"Proposed Rule","volume":60}