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3-321, Reg. V / - 5 0 307 INTERPRETATION OF LAW OR REGULATION (Copies to be sent to all Federal Reserve Banks) TELEGRAM September 11, 1941 Young - Boston Sproul - New York Williams - Philadelphia Fleming - Cleveland Leach - Richmond McLarin - Atlanta Young - Chicago Davis - St. Louis P eyt on - Minneapolis Leedy - Kansas City Gilbert - Dallas Day - San Francisco The Board has been asked whether a piece of furniture, such as a table, lamp, or bed, having a radio built in and a composite part of the article is to be classified as household furniture or as a radio. The classification depends upon the relative value of the component parts. If the value of the radio is greater than the value of the table, lamp, or bed as a separate piece of furniture, then the article is to be classified as a radio. MORRILL
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