Board of Governors of the Federal Reserve System (U.S.), 1935- and Federal Reserve Board, 1914-1935. Interpretation of Law or Regulation: "Secured by a Bona Fide First Lien on Improved Real Estate Duly Recorded" Is Exempted by Section 6(a) Even Though Credit Is Used to Purchase Listed Article, Number S-308, Volume 55, Page 288, Mimeograph Letters and Statements of the Board. Board of Governors of the Federal Reserve System (U.S.), 1935-. https://fraser.stlouisfed.org/archival/4957/item/509603, accessed on September 4, 2026.