Full text of Federal Reserve Bank of New York Circulars : 1461. Interpretation of Regulation T, Ruling no. 29

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FEDERAL RESERVE BANK
OF NEW YORK

r Circular No. 14 61T
L October 19, 1934 J

INTERPRETATION OF REGULATION T

To National Securities Exchanges in the
Second Federal Reserve District:

For your information I quote below the text of a telegram which I
have received today from the Federal Reserve Board:
Ruling No. 29 Interpreting Regulation T.
In reply to an inquiry the Federal Reserve Board has advised that
under section 6 of Regulation T a special cash account may be kept
separately for each customer, and that the regulation does not require
a single separate account covering all cash transactions for all customers.

Additional copies of this circular will be furnished upon request.




J. H. CASE,

Federal Reserve Agent.