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F E D E R A L R E S E R V E BA N K
OF NEW YORK
r Circular N o. 3 6 9 0"1
April 12, 1951
J

I

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

Designation of Automobile Appraisal Guides

To Lenders, Automobile Dealers, and Certain Others in the
Seoond Federal Reserve District Concerned with Regulation W :

Effective April 1, 1951, the designation of automobile appraisal guides for purposes of
Regulation W by the Board of Governors of the Federal Reserve System is limited to those
specified editions and reprints approved by the Office of Price Stabilization for purposes of the
ceiling price regulation.
A ll other conditions of the B oard’s appraisal guide designations continue to apply, includ­
ing the condition that the retail value to be used for purposes of Regulation W shall not include
any added value for a radio or heater.
The following appraisal guide issues have now been approved for specified areas by
the OPS:
A

m e r ic a n

A

uto

A

N o r t h w e s t U sed C a r V

p p r a is a l

(March-April Supplement)

alues

(January or March i s e
su)

^
ti
B l o t B o o k — E x e c u t iv e s E d itio n

O f f i c i a l A u t o m o b i l e G u id e

(January i s e or reprint)
su

(
Nati n Research Bureau, I c )
o al
n.
(March-April Supplement)

K

O f f ic ia l U sed C ar S u r v e y

elley

B l u e B oo k G u id e

(January i s e or reprint)
su

(March-April Supplement)

,,
A
t,
M a rk e t A n a ly s is R e p o r t

O f f ic ia l A

(January i s e or reprint)
su
N.A.D.A. O f f i c i a l U s e d C a r
(January or March 2 i s e
su)

u t o m o b il e

G u id e

(Recording and S a i t c l Corporation)
ttsia
(March-April Supplement)
G u id e

O f f i c i a l W i s c o n s i n A u t o m o b i l e V a l u a t i o n G u id e

(January i s e or re rint)
su
p

R ed B o o k N a tio n a l U sed C a r M a r k e t R e p o r t

(January i s e or r p i t)
su
ern
Previous designations made by the Board of Governors are contained in our Circulars
Nos. 3588 and 3661, dated September 14, 1950 and February 26, 1951, respectively.
Additional copies of this circular and o f Circulars Nos. 3588 and 3661 will be furnished
upon request.




A

llan

S prou l,

President.

SECOND

D IS T R IC T C O M M E R C IA L

BANKING

V O L U N T A R Y C R E D IT R E S T R A IN T COM M ITTEE
Created pursuant to the Program for Voluntary Credit Restraint
authorized by the Defense Production Act of 1950
33

LIBERTY

STREET

N E W Y O R K 4 5 . N. Y.

April 17, 1951.

To the Chief Executive Officer of each Commercial Bank
in the Second Federal Reserve District:

Enclosed is a display placard prepared by the Voluntary Credit
Restraint Committee reproducing the Statement of Principles of the
Program for Voluntary Credit Restraint.
We shall appreciate your displaying this placard prominently at
the desk of your Lending Officer or in your Loan Department. Addi­
tional copies may be obtained from the Secretary of the Committee,
Mr. G. Morgan Browne, 33 Liberty Street, New York 45, New York.




G eorge W

h it n e y ,

Chairman.

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