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FEDERAL RESERVE BANK OF DALLAS Dallas, Texas, September 8, 1938 AMENDMENT OF REGULATION L To the Member Bank Addressed: We are enclosing a copy of an amendment of Regulation L which has been promulgated by the Board of Governors of the Federal Reserve System, effective February 1, 1939. It will be noted that it eliminates Morris Plan Banks from the exceptions listed in Section 3 (a) of the regulation. Yours very truly, b. a . McK i n n e y , President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM AMENDMENT OF REGULATION L INTERLOCKING BANK DIRECTORATES UNDER THE CLAYTON ACT Effective February 1, 1939 PRINTED BY FEDERAL RESERVE BANK OF D A L L A S BOARD OF G OVERNORS O F TH E FE D E R A L R E SE R V E SYSTEM A M E N D M E N T O F R E G U L A T IO N L INTERLOCKING BANK DIRECTORATES UNDER THE CLAYTON ACT Effective February 1, 1939 Section 3(a) of Regulation L is amended, effective February 1, 1939, to read as follows: “ (a) Any private banker or any director, officer, or employee of a member bank of the Federal Reserve System may be at the same time a director, officer, or employee of not more than one cooperative bank, credit union or other similar institution
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