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FEDERAL RESERVE B O A R D
WASHINGTON

x-7585

address official correspondence t o
t h e federal reserve board

September 13, 1933.
SUBJECT: Proposed regulation and. forms dealing with
Section 32 of the Banking Act of 1933.

Dear Sir:
There are inclosed herewith six copies of a tentative draft
of a regulation and forms, designated Regulation R, and Forms 99a
to 99g, inclusive, pertaining to the provisions of Section 32 of
the Banking Act of 1933. There are also inclosed for your information six copies of a memorandum addressed to the Federal Reserve
Board discussing certain questions arising in connection with the
provisions of Section 32.
In view of the large number of applications which will
probably have to be acted upon before January 1, 1934, it is
desirable that the revised regulation and forms be issued as
promptly as possible, and therefore it will be appreciated if you
and the officers and counsel cf your Federal reserve bank will
consider the proposed regulation and forms and if you will give
the Federal Reserve Board the resulting comments and suggestions
thereon at your earliest convenience.


Inclosures.
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Federal Reserve Bank
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Very truly yours,

Chester Morrill
Secretary.
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