Full text of Mimeograph Letters and Statements of the Board : Statement for the Press re Margin Requirements - New Purchases in Restricted Accounts: Ruling No. 6 Interpreting Regulation T, Number X-8045, Volume 41, Page 208

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

X-8046

liulinrr tio • 6 .

£.5.5.1.5.15.

£2ARD

STATEMENT FOR THE PRESS
Far immediate r e l e a s e .

October 6» 1934.

MARGIN REQUIREMENTS - NEW PURCmSES IN RESTRICTED ACCOUNTS.
In r e p l y t o an i n q u i r y Board has r u l e d t h a t under s e c t i o n 4 ( d )
of Regulation T new purchases may be made i n r e s t r i c t e d accounts i f
a d d i t i o n a l margin i n t h e amount r e q u i r e d by s e c t i o n 3 t o oover such
new purchases i s demanded on same day and is obtained w i t h i n time
allowed by s e c t i o n 4 ( e ) , even though t h e account i s n o t made an
unrestricted account.