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IRANSFEP




Federal

R eserve

b a n k

o f

S t . Louis

S t . L o u i s 2. M i s s o u r i

REGULATION W
Consumer Credit

Press Release

January 25, 1952

The Board of Governors of the Federal Reserve System released the
following press statement today:
"The United States District Court in St. Louis,
Missouri, has issued injunctions against the Kahn Motor
Company, a partnership composed of Irvin L. Cohn and
Harold Greenberg, engaged in selling automobiles, and
Kahn Investment Company, a corporation engaged in
financing such sales, enjoining them from further
violations of Regulation W, Consumer Credit, and the
Board of Governors of the Federal Reserve System has
suspended for a period of fourteen days from January
28 to February 10, 1952, inclusive, their licenses
under Regulation W to make instalment sales and to
finance such sales, respectively.
The issuance of the injunctions and the entry
of the orders by the Board were consented to by both
companies."
FEDERAL RESERVE BANK OF ST. LOUIS
Regulation W Department