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108 BOARD OF G O V E R N O R S OF THE FEDERAL RESERVE SYSTEM R-794 WASHINGTON A D D R E S S OFFICIAL C O R R E S P O N D E N C E TO THE BOARD March 5, 1941 Dear Sir: As indicated in the Board's telegram of January 16, 1941ยป advising you of amendment No. 4 of Regulation U, the regulation has been reprinted to incorporate this amendment, and copies of the reprint are being forwarded to you under separate cover. The reprint, of course, incorporates the postponement of the effective date of amendment No. 4 from February 17, 1941 to February 24, 1941, of which you have already been advised. You will note in this connection that, besides the deletion of the footnotes indicating earlier amendments, the second paragraph of the "Explanatory Foreword" (which is not a part of the regulation) has been omitted. A footnote referring to the new material added try amendment No. 4 has been added at two points in the second paragraph of section 1, and another has been added before subsections (m), (n), and (o) of section 3 to indicate their addition hy the recent amendment. Very truly yours C L. P. Bethea, Assistant Secretary. TO THE PRESIDENTS OF ALL FEDERAL RESERVE BANKS
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