View PDF

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

FEDERAL RESERVE BANK
OF NEW YORK
r Circular N o. 3 4 6 8 '1
L
June 29, 1949
J

R E G U L A T IO N W
CONSUMER INSTALMENT CREDIT CONTROL

To all Registrants under Regulation W, and Others Concerned,
in the Second Federal Reserve District:

For your information, we quote below from a statement released
for publication today by the Board of Governors of the Federal Reserve
System:




The authority under which the Board of Governors of the Federal
Reserve System issued Regulation W , establishing minimum down payments
and maximum maturities for consumer instalment credit, expires June 30,
1949, and the Regulation will not be effective after that date.

Additional copies of this circular will be furnished upon request.
A

llan

S proul,

President.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102