Seal of the Board of Governors of the Federal Reserve System
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

WASHINGTON, D. C.  20551

DIVISION OF BANKING
SUPERVISION AND REGULATION


SR 95-47 (SPE)
October 10, 1995

TO THE OFFICER IN CHARGE OF SUPERVISION
          AT EACH FEDERAL RESERVE BANK


SUBJECT: Transfer Agent Registration

                    Attached is a copy of a revised Form TA-1, "Form for Transfer Agent Registrations and Updating Amendments", which should be made available to banking organizations in your district for future transfer agent registrations and for periodic amendments.  The revised form was developed by an interagency working group consisting of representatives from the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Securities and Exchange Commission.   A brief listing of the most significant changes to the revised form is attached.

                    Reserve Banks are asked to advise state member banks and bank holding companies in their respective districts of this new Form TA-1 and that previous versions of Form TA-1 will no longer be accepted.  Attached is a suggested transmittal letter that may be used for this purpose.  Institutions presently registered as transfer agents need not file a new or amended Form TA-1 at this time unless the information previously provided by the institution has changed.

                     Any questions regarding the use of the new Form TA-1 should be directed to Supervisory Trust Analysts William Stanley, 202-452-2744, or Jose Henriques, 202-452-2962, of the Trust/EDP Supervision Section.


Stephen C. Schemering
Deputy Director


ATTACHMENTS TRANSMITTED ELECTRONICALLY BELOW


Attachment 1

LIST OF MATERIAL CHANGES TO FORM TA-1


    Primary changes to the form TA-1 include the following:

  1. Item 5 has been added to identify the headquarters location of the registrant organization.  This will help regulators better identify the entity that is registering.

  2. Items 8 and 9 have been reworded to clarify that only locations of the registrant organization, not affiliates or servicers, are to be reported.

  3. Item 11 has been revised to clarify that only outside transfer agent servicers need to be reported.  It specifically states that EDP servicers need not be reported.

  4. Items 11 and 12 have been revised by dropping the former FINS Number requirement and substituting a Registered Transfer Agent Number.  This reflects the fact that outside transfer agent servicers reported in Item 11 must also be registered transfer agents.  Likewise, the named transfer agents listed in Item 12 must be registered transfer agents, even if they have contracted with an outside transfer agent servicer.



Attachment 2

Suggested Transmittal Letter to
State Member Banks and Bank Holding Companies


TO THE CHIEF EXECUTIVE OFFICER OF
     STATE MEMBER BANKS AND BANK HOLDING COMPANIES


                    Form TA-1,"Form for Transfer Agent Registrations and Updating Amendments", which is used by banking organizations to register as transfer agents or to amend their current registration, has been revised.  The revisions were adopted by an interagency working group consisting of representatives from the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Securities and Exchange Commission.  The revisions are intended to clarify current reporting requirement, to obtain more relevant information, and to recognize changes occurring in the banking industry.  A brief listing of the most significant changes is attached.

                    Banking organizations should use the revised form in future filings for transfer agent registrations and for updating amendments as previous versions of Form TA-1 will no longer be accepted.  There is no requirement to file a new or amended Form TA-1 at this time unless the information contained on the banking organization's currently filed Form TA-1 has changed.

                    Copies of the revised Form TA-1 may be obtained from the Trust/EDP Supervision Section, Mail Stop 407, Board of Governors of the Federal Reserve System, Washington, D.C. 20551, or from this Reserve Bank.  Should you or your staff have any questions in this regard, please contact (insert name of Reserve Bank Staff).


Attachment:  List of Material Changes (use previous Attachment 1)




Form TA-1 (34 KB PDF)


SR letters | 1995