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X-8068 FEDERAL RESERVE BOARD STATElvIENT FOR THE PRESS For immediate r e l e a s e October 13, 1954. GUARANTEED ACCOUNTS. RULING NO. 21 INTERPRETING REGULATION T. I n response t o an i n q u i r y w i t h r e s p e c t to guaranteed a c c o u n t s , t h e Board a d v i s e s t h a t under s e c t i o n 8(d) of R e g u l a t i o n T, a c r e d i t o r mayr e g a r d as an u n r e s t r i c t e d account any account which i s g u a r a n t e e d i n w r i t i n g f o r an amount s u f f i c i e n t t o make such account an u n r e s t r i c t e d account by a person who has an account with such c r e d i t o r c o n t a i n i n g a cash c r e d i t b a l a n c e a n d / o r s e c u r i t i e s of s u f f i c i e n t loan v a l u e t o make such g u a r a n t e e d account an u n r e s t r i c t e d account i n a d d i t i o n t o p r o v i d i n g t h e margin r e q u i r e d by R e g u l a t i o n T on the g u a r a n t o r ' s account#
@FedFRASER