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

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Federal

reserve

Bank

OF DALLAS

Dallas, Texas, April 8, 1952

CONSUMER CREDIT
AMENDMENT TO REGULATION W

To the Registrant Addressed and Others Concerned:

There is quoted below the text of a statement issued by the
Board of Governors of the Federal Reserve System in connection
with Amendment No. 8 to Regulation W, effective April 8, 1952:
“ The Board of Governors has amended Regulation W
effective immediately to exempt from down payment re­
quirements all regulated articles costing less than |100.
The exemption previously applied to articles costing less
than $50.
“ This change will simplify administration of the regu­
lation without substantially affecting the volume of con­
sumer instalment credit outstanding.”

The text of the amendment is reproduced on the reverse of
this letter.
This bank and its branches at El Paso, Houston, and San
Antonio will be glad to furnish any information which may be
desired concerning the regulation.
Yours very truly,
R. R. GILBERT
President

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

CONSUMER CREDIT

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 respect,
effective April 8, 1952:
1.
By changing “ $50” to “ $100” in the introductory sentence
of Part 1 of the Supplement.