The Board of Governors of the Federal Reserve System has revised Regulation W to focus on instalment credit for major durable goods, in an effort to stabilize the economy. The regulation now applies to 12 categories of goods, with simplified provisions and a maximum maturity of 15 months. Charge accounts and single-payment loans are no longer covered. The revision aims to provide a clearer understanding of the regulation's impact and may be further modified in the future.

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Revision of Regulation W: Consumer Credit Stability in the National Economy

Identifier:
CAC_CC_047_1_3_13_0001
Contributing Institution:
Carl Albert Congressional Research and Studies Center, University of Oklahoma, Norman, OK
Title:
Revision of Regulation W: Consumer Credit Stability in the National Economy
Date Created:
1946-11-15
EDTF:
1946-11-15
Creator:
unknown
Rights:
http://rightsstatements.org/vocab/NKC/1.0/
Language:
eng
Record Type:
correspondence
Collection:
George B. Schwabe Collection
Collection Finding Aid:
https://arc.libraryhost.com/repositories/3/resources/37
Description:
The Board of Governors of the Federal Reserve System has revised Regulation W to focus on instalment credit for major durable goods, in an effort to stabilize the economy. The regulation now applies to 12 categories of goods, with simplified provisions and a maximum maturity of 15 months. Charge accounts and single-payment loans are no longer covered. The revision aims to provide a clearer understanding of the regulation's impact and may be further modified in the future.
Topic:
Banks and banking--United States
Congress:
79th (1945-1947)
Physical Location:
CAC_CC_47_1_3_13_0000, Box, 3, 13, University of Oklahoma, Carl Albert Center Archives, Norman, OK, Standard Shelving
Location Represented:
Oklahoma (state), United States (nation)
Type:
Text
Extent:
3 Pages