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203 BOARD OF GOVERNORS OF" THE FEDERAL RESERVE SYSTEM S-473 WASHINGTON ADDRESS Of"f"ICIAL CORRESPONDENCE TO THE SOARD May Den.r 8, 1942 Sir~ Enclosed for your information and files is a cop,y of a letter addressed to a Federal Reserve Bank with reference to the classification of certain items for purposes of Regulatior. W. Very truly yours, Chester Morrill, Secretary. Enclosure . TO THE PRESID:&ITS OF ALL FEDEJ.l.AL RESERVE BANKS - .. 204 ·"') S--473-a May g, 1942 Ur. , Vice President~ Federal Reserve Bank of -------Dear ------Mr. ----. This is with further reference to your letter of April 21, 19L,2, which asked about the classification of silver-bucked toiletware for purposes of Re.;gulation W. It is the Board's opinion that nuch toiletwa.r(; is included in Group A-32 of section 13 (a) of the revised regulatj on) il Silverware (including f'lat-WL~re ancl hollow waro, vrhether solid or plated)". Y. au will note th8.t a slight change was made in the wording of this classificetiol1 when the regulation was revised. The word "including" was added to the matter in the parenthesis. 'l'he effect of this change is to broaden the elaBsification so that it covers not only fla·l,ware and hollow ware but also other merchandise made of silver or silver plate. Very truly yours, (Signed) Chester Morrill Chester ivlorrill, Secretr..ry.
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