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AMENDMENT TO REGULATION A

ISSUED BY THE BOARD OE GOVERNORS
OF THE FEDERAL RESERVE SYSTEM

Effective September 11,1944

The Board of Governors has amended its Regulation A, “ Discounts for
and Advances to Member Banks by Federal Reserve Banks,” effective
September 11, 1944, by adding the following sentence at the end of sub­
section (h ) of section 1 thereof:
The requirement of this section of the Regulation that a note, draft
or bill o f 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 o f a guarantee or commitment made pursuant to
Executive Order No. 9112 or the Contract Settlement Act of 1944.

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

DISCOUN T FOR AND ADVANCES TO MEMBER BANKS
BY FED ERAL RESERVE BANKS
AMENDMENT TO
I ssu ed

by t h e

Subsection

B

oard of

(h )

G

R E G U L A T IO N

overnors of t h e

of section

A

F ederal R

1 of Regulation

eserve

A

System

is amended,

effective September 11, 1944, by changing the last sentence*
thereof to read as follows:
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 ex­
change evidencing a loan which is in whole or in part the
subject of a guarantee or commitment made pursuant to Execu­
tive Order No. 9111! or the Contract Settlement Act of 1944.

*** T h i s s e n t e n c e was adde d
t u t e s t he t h i r d s e n t e n c e o f

to the R e g u l a t i o n
s u b s e c t i o n ( h) o f

0

in 1 942
section

and c o n s t i ­
1.