Full text of District Notices (Federal Reserve Bank of Dallas) : Amendment to Regulation W

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federal

reserve

bank

OF DALLAS

Dallas, Texas, August 17, 1942

AMENDMENT TO REGULATION W

To the Addressee:
There is enclosed a copy of Amendment No. 8 to Regulation
W of the Board of Governors of the Federal Reserve System,
effective August 12, 1942, which affects section 8 in several
respects and changes Item 1 in Group B in section 13(a).
Member banks of the Federal Reserve System are requested
to insert this amendment in their ring binders.
Yours very truly,
R. R. GILBERT
President

CTORY

BUY

U N IT E D
TATES

VAR
ONDS

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

AMENDMENT NO. 8 TO REGULATION W

ISSUED BY THE BOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM

Regulation W is hereby amended in the following respects, effective
August 12, 1942:
1. By striking out the word “instalment” in the first line of section
8(c) entitled “Educational, Hospital, Medical, Dental, and Funeral E x­
penses.”
2. By striking out the phrase “in any listed article” and the word “such”
in section 8 (f) entitled “Credit to Dealers.”
3. By adding the following new subsection at the end of section 8:
(n) R ailroad W atches.— Any extension of credit to finance the pur­
chase of a railroad standard watch (whether new or used) by a railroad
time service employee, provided the Registrant obtains a certification with
respect to such employee in the form prescribed by general limitation
order of the War Production Board limiting the transfer of railroad
standard watches.
4. By adding the following new subsection at the end of section 8:
(o) C o m m o d ity C re d it C o rp o ra tio n .— Any extension of credit
made by the Commodity Credit Corporation or made by a Registrant in
accordance with a loan program formulated and administered by the
Commodity Credit Corporation.
5. By amending Item 1 in Group B in section 13(a) to read as follows :
1. Furniture, household (including ice refrigerators, bed springs,
mattresses, and materials and services employed in reupholster­
ing).