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290 S-310 Reg. W-29 INTERPRETATION OF LAW OR REGULATION (Copies to be sent to all Federal Reserve Banks) September 5, 1941 TELEGRAM Federal Reserve Bank of Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Mianeapolis Kansas City Dallas San Francisco The question has been asked whether, in view of W-5, Registrant who is purchaser or pledgee of obligation or claim subject to Regulation is required by section 3(a)(2)(B) to receive a copy of the statement of the transaction required try section 4(f) • Answer is that purchaser or pledgee is not required to receive this statement. Section 4(f) provides that there shall be a written instrument or record of the transaction which shall contain certain information and of which a copy shall be given to the obligor, but this instrument or record is not necessarily the same document as the "obligation or claim" which is discounted or accepted ty the Registrant under section 3(a)(2)(B). (Signed) Chester Morrill Morrill
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