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FEDERAL RESERVE BANK OF DALLAS July 29, 1935 AMENDMENTS TO REGULATION T To Banking Institutions, Brokers and Dealers in Securities in the Eleventh Federal Reserve District: Reference is made to the Federal Reserve Board’s Regulation T, Series o f 1934, entitled “ Exten sion and Maintenance o f Credit by Brokers, Dealers, and Members o f National Securities Exchanges.” Effective August 8, 1935, the Federal Reserve Board has adopted the follow in g amendment to its Regulation T : Amendment No. 5 of Regulation T— Effective August 8, 1935 Subsection (e ) of Section 8 o f Regulation T is hereby amended by adding at the end thereof a new paragraph reading as follow s: “ In the event of the transfer o f an account from one customer to another, such account may be treated by the creditor for the purposes o f this Regulation as if it had been maintained for the transferee from the date o f its origin : Provided , that if the account be a restricted account, the creditor shall have filed a report with any regularly constituted committee o f a national securities exchange having jurisdiction over the business conduct of its members, o f which exchange the creditor is a member or through which his transactions are effected, reciting the circumstances o f the transfer and stating, as o f the time o f the transfer, the adjusted debit balance o f the account and the maximum loan value of the securities in the account.” Yours very truly, Federal Reserve Agent This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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