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36-8063 FEDERAL RESERVE BOARD STATEMENT FOR THE PRESS For immediate r e l e a s e . October 11, 1934 CONFIRMATION OF D M N FOR MARGIN. E AD RULING NO. 17 INTERPRETING REGULATION T. In response to an inquiry, the Federal Reserve Board has ruled that, where a demand for margin has not "been made "by a l e t t e r or telegram sent to a customer at his l a s t known address hut has been delivered to the customer in person, the amount so demanded cannot be included i n the computation of the adjusted debit balance of the customer's account pursuant to the provisions of clause 8 of section 3 ( f ) of Regulation T, unless such demand for margin has been confirmed by a l e t t e r or telegram which the creditor shall have sent to the customer at h i s l a s t known address.
@FedFRASER