Board of Governors of the Federal Reserve System (U.S.), 1935- and Federal Reserve Board, 1914-1935. Interpretation of Law or Regulation: Trust Receipts Are Neither Registered Securities Nor Exempted Securities and Have No Loan Value, Number S-78, Volume 48, Page 385, 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/507057, accessed on September 12, 2026.