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FED ERAL R E SER VE BANK OF NEW YORK No. 3 6 0 9 1 [Circular November 3, 1950 J R E G U LA TIO N X R E SID E N T IA L R E A L E STA TE C R ED IT T o all Persons Engaged in th e Business o f E xtending R eal Estate Credit in th e Second Federal R eserv e D istrict: The board of directors of tliis Bank has appointed the following to serve as mem bers o f an advisory committee to assist in the administration o f Regulation X , which became effective October 12, 1950: C. J o h n s o n , President and Trustee, The Dime Savings Bank of Brooklyn, Brooklyn, New York Director, Kings County Trust Company Director, Savings Banks Trust Company Director, Institutional Securities Corporation Director, Brooklyn Chamber of Commerce G eorge A. V i e s e r , Vice President, Mutual Benefit Life Insurance Company, Newark, New Jersey Director, Bradford Savihgs & Loan Association, Newark, N. J. Director, A. P. Smith Manufacturing Company, East Orange, N. J. Director, United States Savings Bank, Newark, N. J. Trustee, Mortgage Bankers Association of New Jersey, Newark, N. J. M il f o r d H arry H e l d , Assistant Vice President, Mortgage Department, Bowery Savings Bank, New York, New York Member, Committee on Mortgage Investments, National Association o f Mutual Savings Banks Vice Chairman, G. I. Loan Committee o f Mortgage Bankers Association Member, Committee on Real Estate Mortgages, American Bankers Association Member, Advisory Committee on Research and Housing o f the Housing and Home Finance Agency Member of Faculty, New York Chapter, American Institute o f Banking The members of this committee have had wide experience in all phases o f the real estate lending field, and will be of invaluable assistance to us in carrying out the administration of Regulation X in a constructive manner. A llan S proul, President.
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