Full text of Mimeograph Letters and Statements of the Board : Telegram From Asst. Secretary Bethea re Section 4(c) of Regulation W Requires Instalments of Not Less Than $5 Per Month or $1.25 Per Week on Aggregate Instalment Indebtedness, Even If Cash Price of Each Article Is $6 or Less, Number S-500, Volume 56, Page 254

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254
S-500

TELEGRAM

:May 29, 194?.

-·

(Addressed to the Presidents of all Federal Re-serve Banks)

Section ·4(c) of Regulation W requires
instalments of not less than ~ii5.00 per month or

$1.25 per week on the aggregate inst2.lmont indebtedness of the customer even if the C1ish pl:'ice of
each of the articles purchased is $6 or less.

(Signed)

.

...




L. P. Bethea