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X«-8002 FEDERAL RESERVE B C ^ S b e r 11, 1934 WASHINGTON 114 address official correspondence t o t h e federal reserve board Dear S i r : I t now seems a l t o g e t h e r probable t h a t the Federal Reserve Board w i l l take a c t i o n w i t h i n a few days on Regulation T, and t h a t i n order t o secure prompt d i s t r i b u t i o n the Board w i l l r e q u e s t the Federal r e s e r v e banks t o have the r e g u l a t i o n p r i n t e d . In view of t h i s p r o b a b i l i t y an e x t r a copy of the d r a f t of September 5, which w i l l be the b a s i s of t h e f i n a l r e g u l a t i o n , i s i n c l o s e d , and the suggestion i s made t h a t the necessary arrangements f o r p r i n t i n g may be taken up i n a p r e l i m i n a r y way i n advance of your r e c e i p t of t h e r e g u l a t i o n i n i t s f i n a l form* I t w i l l be necessary t o d i s t r i b u t e the r e g u l a t i o n to a l l members of a l l n a t i o n a l s e c u r i t i e s exchanges, and i n a d d i t i o n t o " a l l brokers and dealers who t r a n s a c t a business i n s e c u r i t i e s through the medium of any such member"• For t h e purpose of making up the necessary mailing l i s t we understand t h a t one of the Federal reserve banks has used the 1934 mid-year e d i t i o n of " S e c u r i t y Dealers of North America", supplemented by l i s t s of r e g i s t e r e d s e c u r i t y dealers obtained from the s e v e r a l S t a t e S e c u r i t i e s Commissions in the s t a t e s comprising the d i s t r i c t . Very t r u l y yours, Chester M o r r i l l , Secretary. Inclosure. TO ALL FEDERAL RESERVE AGENTS.
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