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F ederal Reserve Bank O F DALLAS Dallas, Texas, September 30,1942 To the Member Banks of the Eleventh Federal Reserve District: There is enclosed a copy of an amendment to Regulation A, adopted by the Board of Governors of the Federal Reserve System, effective September 21, 1942. This amendment relates to the eligibility for discount at a Federal Reserve bank of notes evidencing loans guaranteed under Executive Order No. 9112 when the question of negotiability might be involved. Member banks are requested to insert this amendment in their ring binders. Yours very truly, R. R. GILBERT President CTOKY BU Y U N IT E D STA TES WAR OND S AND STAMPS This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) AMENDMENT TO REGULATION A ISSUED BY THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Effective September 21, 1942 The Board of Governors has amended its Regulation A, “Discounts for and Advances to Member Banks by Federal Reserve Banks,” effective September 21, 1942, by adding the following sentence at the end of subsection (h) of section 1 thereof: The requirement of this section of the Regulation that a note, draft or bill of exchange be negotiable shall not be applicable with respect to any note, draft or bill of exchange evidencing a loan which is in whole or in part the subject of a guarantee or commitment by the W ar Department, Navy Department, or United States Maritime Com mission pursuant to Executive Order No. 9112.
@FedFRASER