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69
BOARD OF GOVERNORS
OF" THE

FEDERAL RESERVE SYSTEM
S-550

WASHINGTON

ADDRESS OF"F"ICIAL CORRESPONDENCE
TO THE SOARD

September 16, 19t..2.

Dear Sir:
Referring to the Board's letter S-521 of J1me 30,
1942,-- the revised fonn enclosed with that letter has been
modified b,y the following insertions and amendments:
9.(a)(6)

Nature of

9.(b)(l)

Amend to read: "Name and address of
concern issuing subcontract and signatory."

9.(b)(.3)

Amend to read: "Unit of government
for which products are being provided and prime contract number. 11

9.(b)(6)

Nature of product.

pro~ct.

In the case of Navy Department guarantees, where
the applicant for the loan is a subcontractor, it is desirable, whenever possible, to obtain from the company letting
the subcontract a letter relative to the subcontractor's /
ability to perfonn pursuant to the tenns of the subcontract.
Very truly yours,

'--~

----

~---·----1- -.,?~ ~"
{/

~,~4<-·-

L. P. Bethea,
Assistant SecretarJ.

TO THE PRESIDENTS OF ALL F'EDERAL RESERVE BANKS.