Revision of Regulation W: Consumer Credit Stability in the National Economy, 1946-11-15

Item — Box: 3, Folder: 13

Identifier: CAC_CC_047_1_3_13_0001

Staff Only

Revision of Regulation W: Consumer Credit Stability in the National Economy, 1946-11-15

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.

Dates

1946-11-15

Language of Materials

English

Access Restriction

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