Full text of Mimeograph Letters and Statements of the Board : Letter From Asst. Secretary Bethea re Loans for Purchasing or Carrying Building and Loan Shares, Are Exempted From Regulation W, Number S-484, Volume 56, Page 224

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•

224
BOARD OF GOVERNORS
OF" THE

FEDERAL RESERVE SYSTEM

S-484

WASHINGTON

ADDRESS OFFICIAL CORRESPONDENCE

..

TO THE BOARD

)/lay

23' 1942

......

...
Dear Sir:
Enclosed for ;rour information a.11d
.,._

files is a copy of a telegram addres::ed to a
Federal Eessrve Bank with ref:.:rence to loans

for purposes of purchasing or can··;ing building s.nd loan

shal~es

under Regulation

iv •

...

L. P. Bethea,
As,::;istant Socreta.i''Y •

.

_

• for FRASER
Digitized


Enclosure

TO THE PRESIDENTS 0? ALL i"EDJtAL RZSE1-l.VE BAi.'lKS

225

S-484-a
May 20,

1942

TELEGRAM

...

(Addressed to a F~i!deral Resorvu Bank)

....

Loans for pm :noses o-!: purcl:asing or carry1

..

inc building and loa;.1 sharGs are exempted from R(;gu.lation W by t;1c last clause

o::

s0ction 8(b).

Loans

for oth;;r purposes, howev.3r, <}Von though socur0d U.f
build:ng am.': loan shores, aro not exempted

cy

section.
( Sisn,:vl)

..
..




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