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If FEDERAL RESERVE BOARD OPEN MARKET PURCHASES OF BILLS OF EXCHANGE, TRADE ACCEPTANCES AND BANKERS’ ACCEPTANCES UNDER SECTION 14 REGULATION B This Regulation has, since July 10, 1923, been continuously in effect in the form printed herewith and is still in effect in such form on the date of this reprint, May 15, 1939 UNITED STATES GOVERNMENT PRINTING OFFICE W ASH INGTON: 1930 L This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) REGULATIONS OF THE FEDERAL RESERVE BOARD R eg . B purchased, provided that the acceptor is secured by the pledge of such goods, and provided further, that the acceptance conforms in other respects to the applicable requirements o f Regulation A. SECTION III. STATEMENTS A bill o f exchange, unless indorsed by a member bank, is not eligible for purchase until a satisfactory statement has been fur nished o f the financial condition o f one or more o f the parties thereto. A banker’s acceptance, unless accepted or indorsed by a member bank, is not eligible for purchase until the acceptor has furnished satisfactory statement o f its financial condition in form to be ap proved by the Federal reserve bank and has agreed in writing with a Federal reserve bank to inform it upon request concerning the transaction underlying the acceptance. a o
@FedFRASER