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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.