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S-370, BOARD OF GOVERNORS 0? THE FEDERAL RESERVE SYSTEM INTERPRETATION OF LAW OR REGULATION October.10, 1941 W-93. The classification "rooa-unit air conditioners" includes portable units of one horsepower or less, W-9A. In the case of a home improvement that is car- ried out as a single job totaling $995, of v/hi.-.h $550 is for a furnace and other Group D items while 2445 is for Group E items, the question has been asked whether a Registrant financing the entire job may divide the financing into $445 on an instalment basis subject to the requirements of Regulation W and $550 on a single-payment basis not subject to the regulation. This is a single transaction and may rot be divided by the Registrant in this manner.
@FedFRASER