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federal Reserve Ban k DALLAS, TEXAS of Dallas 7S222 Circular No. TO-l6 January 23, 1970 CONSUMER FILM STRIP ON TRUTH IN LENDING To All Banks, Other Creditors, and Others Concerned in the Eleventh Federal Reserve District: The Board of Governors of the Federal Reserve System has recently announced the availability of a new film strip intended to acquaint consumers with the truth in lending program. The film strip is described in more detail on the accompanying press release. This film strip is in addition to the was announced in our Circular No. 69-136, dated intended primarily for lenders and retailers. earlier film strip, which June b -, 19&9, and which was The consumer film strip is available on loan at no cost from the Federal Reserve Bank of Dallas and its Branches. It should be an interesting presentation for civic organizations and other consumer-oriented groups. Requests to borrow the film strip should give alternative dates, with an indication of preference, and should be addressed to the officer indicated at our nearest office: Mr. Leon W. Cowan Vice President Federal Reserve Bank ofDallas Station K Dallas, Texas 75222 Mr. Fredric W. Reed Vice President in Charge Federal Reserve Bank Branch P. 0. Box 100 El Paso, Texas 79999 Mr. J. L. Cook Senior Vice President in Charge Federal Reserve Bank Branch P. 0. Box 2578 Houston, Texas 77001 Mr. Carl H. Moore Vice President in Charge Federal Reserve Bank Branch P. 0. Box 11*71 San Antonio, Texas 78206 The film strip is designed for use with a Dukane projector, which uses 35 Dm. film and a 33 r.p.m. record. We do not have Dukane projectors available for loan, but they may be rented through the firms listed on the reverse. The film strips are also available for purchase from the Board of Governors at $10 each, as more fully described on the press release. Yours very truly, P. E. Coldwell President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) RENTAL STATION LIST FOR DUKANE "MICROMATIC" MODEL 14A390 IN THE ELEVENTH FEDERAL RESERVE DISTRICT ARIZONA LOUISIANA TUCSON Audio Visual Center 5030 East Broadway SHREVEPORT Dee’s Photo Supply 42Q Market Street 325-1515 425-1535 TEXAS CORPUS CHRISTI South Texas Visual, Inc. 19IT Leopard Street 884-9502 DALLAS *Bauer Audio Video, Inc. 2911 North Haskell 528-0588 Wynne Enterprises, Inc. 3905 Main Street 823-28T1 EL PASO Du Motion Picture Service 1T9 Cotton Avenue 532-2760 HOUSTON Audio Visual Service, Inc. 2310 Austin 223-1319 Texas Educational Aids 4T25 Main 5 2 6 -3 6 8 7 *Reed Audio-Visual Co. 15^5 Edison T 4 7 -8 1 7 1 *TEAD, Inc. 922 N. Industrial Blvd. 7 V7 -9 3 4 3 ^Stations having Auditorium Combination Model 576-39/1482^7 or 576-85/l!4-A347. The Board of Governors of the Federal Reserve System announced today the release of a filmstrip designed to acquaint consumers with the major provisions of the Truth in Lending Act and the Board's Regulation Z implementing that law. Copies of the filmstrip are available for borrowing free of charge from any of the 12 Federal Reserve Banks or their 24 branches or from the Board in Washington. Copies may also be purchased for $10 each from the Board. The filmstrip and accompanying phonograph record--the second audio-visual tool issued by the Board as part of its function under the Truth in Lending Act--explain in easy-to-understand terms the meaning of the "finance charge" and "annual percentage rate" as they are used in Truth in Lending. It also touches on the rescission and advertising provisions of the law. The "finance charge" and ’annual percentage rate" are key ’ features of the law and are designed to tell the consumer at a glance the exact cost of credit in dollars and cents terms and as an annual per centage. In this way, the consumer will be able to compare more readily the various credit terms available to him and avoid the uninformed use of credit. Copies of the filmstrip will also be available to the public through field offices of the Federal Trade Commission, one of the nine Federal agencies responsible for the enforcement of Truth in Lending. Persons desiring to purchase filmstrips should send their order to Publications Services, Division of Administrative Services, Board of Governors of the Federal Reserve System, Washington, D. C. 20551. A check for payment of filmstrips should accompany each order and should be made payable to "Board of Governors of the Federal Reserve System." Federal Reserve Banks are located at Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Dallas, Kansas City and San Francisco. Branches are located at Buffalo, Cincinnati, Pittsburgh, Baltimore, Charlotte, Birmingham, Jacksonville, Nashville, New Orleans, Detroit, Little Rock, Louisville, Memphis, Helena, Denver, Oklahoma, Omaha, El Paso, Houston, San Antonio, Los Angeles, Portland, Salt Lake City and Seattle.
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