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F ed er a l R eser ve Ba n k




Circular Wo. 73-233
September 13, 1973

Proposed Amendment to Regulation T
(Credit in Connection with Investment Contacts)

To All Banks, Brokers/Dealers and Others Concerned
in the Eleventh Federal Reserve District:
The Board of Governors of the Federal Reserve System has
extended through September 25, 1973, the period for comment on a
proposed amendment to Regulation T "Credit by Brokers and Dealers"
that would withdraw permission for brokers or dealers to sell
certain kinds of investment contracts on credit.
The Board first announced the proposed amendment to
Regulation T on July 5? 1973? inviting comment through August 10,
1973. A copy of the press release and proposed amendment was
forwarded under our Circular No. 73-17^- dated July 17? 1973.
Interested persons should submit relevant data, views
or arguments to the Secretary, Board of Governors of the Federal
Reserve System, Washington, D. C. 20551? to be received no later
than September 25, 1973.
Yours very truly,
P. E. Coldwell,

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