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So. 14.

x _8060

IEDEEA1

E E S | R T I

BOARD

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

October 10,1934.

WITHDRAWALS OF CASH FROM OLD ACCOUNTS
PRIOR TO OCTOBER 15, 1934
In reply to an inquiry, the Board has advised t h a t , i n the
case of an account which has been designated as an old a c count pursuant to s e c t i o n 7(a) of Regulation T, a withdrawal
of cash which i s made prior to October 15 and which thereby
increases the adjusted debit balance of the account i s
nevertheless permitted i f the account i s not thereby made
a r e s t r i c t e d account

and i f , on October 15, the account i s

an u n r e s t r i c t e d account.