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By th e Board o f G overn ors o f the F e d e ra l R eserv e System

For im m ediate r e l e a s e
F rid a y , F ebru ary 15, 1952

On February 15, 1952, the United States District
Court in Baltimore, Maryland, fined Rosen* s Incorporated of
Baltimore, Maryland, $>500 and costs, and fined Leonard Rosen
$500 and costs for violating Regulation W, Consumer Credit.
The violations consisted in not obtaining the down payment
required by Regulation W in connection with instalment sales
of television sets.

The fines followed pleas of guilty by

th e d efen d a n ts

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