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S-3H W- Re g. INTERPRETATION OF LAW OR REGULATION (Copies to be sent to all Federal Reserve Banks) September 8, 1941 TELEGRAM Young - Boston Sproul - New York Williams - Philadelphia Fleming - Cleveland Leach - Richmond McLarin - Atlanta Young - Chicago Davis - St. Louis Peyton - Minneapolis Leedy - Kansas CityGilbert - Dallas Day - San Francisco The Board has been asked to distinguish between "Heating stoves and space heaters designed for household use" and "Household furnaces". For purposes of Regulation W, the heat generating unit is a heating stove or space heater whan it is designed to heat directly the space in which it is located 5 the heat generating unit is a furnace when it is designed for the transmission of heat by means of piping or ducts to the space which is to be heated. If a unit is de- signed to heat directly the room in which it is located and other rooms ty piping it is to be classified as a furnace. (Signed) Chester Morrill Morrill
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