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T, n. Ruling -vo. TO • 12 X-8058 FEDERAL RESERVE BOARD STATEMENT FOR THE PRESS For immediate r e l e a s e October 10, 1934. MARGIN REQUIREMENTS - FLUCTUATIONS III liLiRKST PRICES. The Board has been asked whether R e g u l a t i o n T r e q u i r e s t h a t a d d i t i o n a l margin be obtained i f i n a r e s t r i c t e d combined account c o n t a i n i n g s e c u r i t i e s and commodity commitments t h e r e a r e no new t r a n s a c t i o n s b u t t h e r e a r e adverse f l u c t u a t i o n s of t h e commodity m a r k e t . In r e p l y t h e Board advised t h a t R e g u l a t i o n T does n o t r e q u i r e t h e c r e d i t o r t o o b t a i n a d d i t i o n a l margin i n t h e circumstances i n d i c a t e d and t h a t under s e c t i o n 4 ( b ) of Regulation T t h e c r e d i t o r may permit c r e d i t t o be maintained i n such an account r e g a r d l e s s of mere f l u c t u a t i o n s i n t h e commodity market and r e g a r d l e s s of mere bookkeeping e n t r i e s used t o i n d i c a t e such f l u c t u a t i o n s •
@FedFRASER