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8-358, S-359 Reg. W BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM INTERPRETATION OF LAW OR REGULATION September 25, 194-1 #-82. The classification "new household furniture" includes a prefabricated fireplace, sold as a complete unit, that is decorative only and not usable for heating purposes. September 27, 19-41 W-S3. Section 3(a)(2)(E) permits purchase or discount of 24-month note if note was signed after September 1 pursuant to pre-September commitment. Similarly, where contractor and home ovmer have made pre-September contract for repairs to be financed .by a bank, bank may finance the repairs on terms provided in. contract even though request for financing is not presented to "bank until after September 1.
@FedFRASER