Revised Regulation W: Consumer Credit Stability in 1946
- Identifier:
- CAC_CC_047_1_3_13_0002
- Contributing Institution:
- Carl Albert Congressional Research and Studies Center, University of Oklahoma, Norman, OK
- Title:
- Revised Regulation W: Consumer Credit Stability in 1946
- 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, focusing it on instalment credit for major durable goods. The regulation aims to stabilize the economy by regulating consumer credit. The revision simplifies the regulation's provisions and narrows its scope to 12 categories of durable goods. Changes include establishing a uniform maximum maturity of 15 months for all new instalment credits, simplifying refinancing provisions, and setting down payment requirements for specific goods. The Board believes that this revision will make the regulation more understandable and effective in influencing economic stability.
- Topic:
- United States, Armed Forces, 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
