The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF DALLAS D ALLAS 13. TEXAS Dallas, Texas, May 31,1949 A M E N D M E N T T O R E G U L A T IO N F To the Member Banks in the Eleventh Federal Reserve District : From time to time questions have arisen with respect to whether Series G United States Savings Bonds, which are redeemable but not salable, could be regarded as readily marketable securities fo r common trust fund purposes. W hile the classification o f the bonds as readily marketable securities was consistent with the purposes o f the pertinent provisions of Regula tion F, the bonds did not appear to comply technically with the definition o f the term “ readily marketable security” contained in the regulation. In order to clarify the situation, the Board o f Governors o f the Fed eral Reserve System has amended footnote numbered 19 in Regulation F to provide specifically that, for the purposes of Section 17 o f the regu lation, the term “ readily marketable security” shall include any security which is a direct obligation o f the United States. A copy o f the amendment effective May 20, 1949, is reproduced on the reverse side o f this letter. It is applicable only to banks maintaining Common Trust Funds in conform ity with the Regulation. Please place it in the appropriate section o f your ring binder. Yours very truly, R. R. G IL B E R T President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
@FedFRASER