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F

e d e r a l
of

R
S

e s e r v e
t

. L

b a n k

ou is

March 27, 1936.

SU PPLE M E N T T O R E G U L A T IO N T

To m em bers o f National Securities Exchanges, to brokers and
dealers w ho transact business in securities through such members,
and to the m em ber and nonmember banks, in D istrict N o. 8:

T he Board of Governors of the Federal Reserve System has ap­
proved and adopted the enclosed supplement to Regulation T. It
is effective April 1, 1936, and supersedes on that date, the supple­
ment which became effective February 1, 1936.
Respectfully,
J O H N S. W O O D ,
Federal R eserve A gent.

Note: The cncloscd supplement applies to the extension and maintenance of
credit by brokers and dealers, and members of national securities ex­
changes, and is being sent to banks merely for their information.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102