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FEDERAL RESERVE OF NEW BANK YORK r Circular No. 2 » 0 0 1 I February 6, 1945 J CONSUMER CREDIT AMENDMENT NO. 15 TO REGULATION W OF THE BOARD OF GOVERNORS OF T H E FEDERAL RESERVE SYSTEM To all Financial Institutions Subject to Regulation IV, and Others Concerned, in the Second Federal Reserve District: The Board of Governors of the Federal Reserve System has adopted, effective February 5, 1945, the following amendment to Regulation W dealing with consumer credit. AMENDMENT NO. 15 TO REGULATION W ISSUED BY THE BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM Regulation W is hereby amended, effective February 5, 1945, by adding " o r by any State agency pursuant to similar State legislation" at the end of subsection (q) of section 8 entitled " E x c e p t i o n s " so that subsection (q) will read as follows: (q) Servicemen's Guaranteed Loans. — Any extension of credit guaranteed in whole or in part by the Administrator of Veterans' Affairs pursuant to the provisions of Title I I I of the Servicemen's Readjustment Act of 1944, or by any State agency pursuant to similar State legislation. Additional copies of this circular may be obtained upon request. ALLAN SPROUL, President.