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X-8067 TELEGRAM FEDERAL RESERVE BOARD WASHINGTON CURTISS - BOSTON CASE - NEW YORK AUSTIN - PHILADELPHIA WILLIAMS - CLEVELAND October 12#1934 HOXTON - RICHMOND NEWTON - ATLANTA STEVENS - CHICAGO WOOD - ST. LOUIS PEYTON - MINNEAPOLIS McCLURE - KANSAS CITY WALSH - DALLaS SaRGENT - SAN FRANCISCO TRANS NO. 2123. R e f e r r i n g Regulation T. The S e c r e t a r y of t h e Treasury has advised t h e Federal Reserve Board t h a t he has designated f o r exemption under t h e p r o v i s i o n s of paragraph 12 of s e c t i o n 3(a) of t h e S e c u r i t i e s Exchange Act of 1934, i n d i v i d u a l and c o n s o l i d a t e d Farm Loan bonds i s s u e d by F e d e r a l land banks and debentures i s s u e d by F e d e r a l i n t e r m e d i a t e c r e d i t banks under the a u t h o r i t y of t h e F e d e r a l Farm Loan Act, approved J u l y 17, 1916, as amended. (Signed) L. P. BETHEA BETHEA
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