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F ederal reserve Bank O F DALLAS Dallas, Texas, September 14, 1950 REGULATION W AUTOMOBILE APPRAISAL GUIDES To the Registrant Addressed: Regulation W, as issued effective September 18, 1950, provides that the maximum loan value of any automobile shall be the speci fied percentage (now 66%%) of whichever is lower of— (1) The cash purchase price; or (2) The “appraisal guide value” (as determined from any designated guide) “Appraisal guide value,” for any given period, means the esti mated average retail value as stated in the edition and issue desig nated by the Board of Governors of the Federal Reserve System for that period of any regularly published automobile appraisal guide designated by the Board for this purpose, as to guide, edition, and issue, for use in the territory in which such automobile is sold, plus any applicable sales taxes. The automobile models for which designation will initially apply are limited to used cars of models years 1941 to 1950, inclusive. For those automobiles which do not have an appraisal guide value (new automobiles, used 1951 models, and used cars of 1940 and older models) the maximum loan value will be the specified percentage of the cash purchase price. The “appraisal guide value” to be used for the purposes of Regu lation W does not include any added value for cars equipped with a radio or heater, but it may include the added value specified in the appraisal guide for cars having an over-drive or automatic transmis sion as extra equipment. A registrant is not required to use any particular automobile appraisal guide, but for the purposes of complying with Regulation W may use quotations from any of the appraisal guides that are designated for use in his territory. (Over) This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) The guides designated by the Board for use in the states of this Federal Reserve District are as follows: LOUISIANA, NEW MEXICO, OKLAHOMA AND TEXAS Issues D esignated BLUE BOOK—EXECUTIVES’ EDITION —REGION B Published by National Used Car Market Report, Inc. 900 South Wabash Avenue Chicago 5, Illinois N. A. D. A. OFFICIAL USED CAR GUIDE—REGION B Published by National Automobile Dealers Used Car Guide Co. 1026—17th Street, N. W. Washington 6, D. C. OFFICIAL AUTOMOBILE GUIDE, Price Edition—REGION B Published by Recording and Statistical Corporation 222 West Adams Street Chicago 5, Illinois OFFICIAL AUTOMOBILE GUIDE, Price Edition—REGION B Published by the National Research Bureau, Inc. 415 Dearborn Street Chicago 10, Illinois RED BOOK NATIONAL USED CAR MARKET REPORT—REGION B Published by National Used Car Market Report, Inc. 900 South Wabash Avenue Chicago 5, Illinois A ugust 15-September 30, 1950 October 1-November 14, 1950 November 15-December 31, 1950 January 1-February 14, 1951 February 15-March 31, 1951 A pril 1-May 14, 1951 May 15-June 30, 1951 September, 1950 October, 1950 November, 1950 December, 1950 January, 1951 February, 1951 M arch, 1951 A pril, 1951 May, 1951 June, 1951 September-October, 1950 November-December, 1950 January-M arch, 1951 A pril-June, 1951 September-October, 1950 November-December, 1950 January-M arch, 1951 A pril-June, 1951 A ugust 15-September 30, 1950 October 1-November 14, 1950 November 15-December 31, 1950 January 1-February 14, 1951 February 15-March 31, 1951 A pril 1-May 14, 1951 M ay 15-June 30, 1951 ARIZONA Issues D esignated BLUE BOOK—EXECUTIVES’ EDITION —REGION C Published by National Used Car Market Report, Inc. 900 South Wabash Avenue Chicago 5, Illinois KELLEY BLUE BOOK G U ID E REGION C Published by Les Kelley 1221 South Figueroa Street Los Angeles 15, California A ugust 15-September 30, 1950 October 1-November 14, 1950 November 15-December 31, 1950 January 1-February 14, 1951 February 15-March 31, 1951 A pril 1-May 14, 1951 May 15-June 30, 1951 September-October, 1950 November-December, 1950 January-February, 1951 M arch-April, 1951 M ay-June, 1951 Issues Designated N. A. D. A. OFFICIAL USED CAR GUIDE—REGION C Published by National Automobile Dealers Used Car Guide Co. 1026—17th Street, N. W. Washington 6, D. C. OFFICIAL AUTOMOBILE GUIDE, Price Edition—REGION C Published by Recording and Statistical Corporation 222 West Adams Street Chicago 5, Illinois OFFICIAL AUTOMOBILE GUIDE, Price Edition—REGION C Published by the National Research Bureau, Inc. 415 Dearborn Street Chicago 10, Illinois RED BOOK NATIONAL USED CAR MARKET REPORT— REGION C Published by National Used Car Market Report, Inc. 900 South Wabash Avenue Chicago 5, Illinois September, 1950 October, 1950 November, 1950 December, 1950 January, 1951 February, 1951 March, 1951 A pril, 1951 May, 1951 June, 1951 September-October, 1950 November-December, 1950 January-M arch, 1951 April-June, 1951 September-October, 1950 November-December, 1950 January-M arch, 1951 A pril-June, 1951 A ugust 15-September 30, 1950 October 1-November 14, 1950 November 15-December 31, 1950 January 1-February 14, 1951 February 15-March 31, 1951 A pril 1-May 14, 1951 May 15-June 30, 1951 Registrants should obtain appraisal guides directly from publishers. Yours very truly, R. R. GILBERT President
