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

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F e d e r a l R e s e r v e Ba n k
OF DALLAS

Dallas, Texas, July 31, 1945
AMENDMENT TO REGULATION W— CONSUMER CREDIT
To the Addressee:
The Board of Governors of the Federal Reserve System has
adopted Amendment No. 17 to Regulation W, effective July 27,
1945. The text of the amendment is printed below.
Yours very truly,
R. R. GILBERT
President

AMENDMENT NO. 17 TO REGULATION W
ISSUED BY THE BOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM
Regulation W is hereby amended in the following respects, effective
July 27, 194 5 :
1.

B y changing section 8 ( d ) to read as follow s:

(d ) Military Aircraft Credits.— A n y extension of credit to
finance the purchase of military aircraft other than a primary trainer.
2. B y inserting in clause ( 1 ) of section 8 ( h ) entitled “ Agricultural
Loans” the words “ or by any Federal land bank” following the words
“ Federal Farm Mortgage Corporation.”
3.

B y changing section 8(1 ) to read as follows :

(1) Railroad Watches.— A n y extension o f credit to finance the
purchase of a railroad standard watch (whether new or used) by a rail­
road time service employee, provided the Registrant obtains a statement
signed by the division superintendent of the railroad by which the pur­
chaser is employed certifying that the purchaser is required to- carry such
a watch in the performance of his duties and has no watch suitable for
the purpose.
4. B y changing Item 3 in Group A o f section 1 3 (a ) entitled “ Listed
Articles” to read as follow s: 3
3. A ircraft (including gliders) designed for a useful load of
1,000 pounds or less.

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