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FEDERAL
VOLUME 2

REGISTER
1934

Wanted

NUMBER 66

Washington, Wednesday, April 7, 1057
TREASURY DEPARTMENT.
Bureau of Customs.
T. D. 48Q04
Customs R egulations A mended D eclaration of C onsignee on E ntry O wner s D eclaration
To Collectors of Customs and Others Concerned:
Pursuant to the authority contained in section 251, Re vised Statutes U. S. C., title 19, sec. 66, and sections 485
and 624 of the Tariff Act of 1930 U. S. C., title 19, secs. 1485
and 1624, article 295 c and d of the Customs Regula tions of 1931, as amended by Treasury Decision 47052, is further amended to read as follows:
e 1 Tariff Act of 1930, section 485 c :
In the event that an entry is made by an agent under the pro visions of section 484 of this Act and such agent is not in posses sion of such declaration of the consignee, such agent shall give a bond to produce such declaration.
2 Tariff Act of 1930, section 485 f :

Whenever such merchandise is consigned to a deceased person, or to an insolvent person who has assigned the same for the benefit of his creditors, the executor or administrator, or the as signee of such person or receiver or trustee in bankruptcy, shall be considered as the consignee: when consigned to a partnership the declaration of one of the partners only shall be required, and when consigned to a corporation such declaration may be made by any officer of such corporation, or by any other person specifi cally authorized by any officer of such corporation to make the same.
3 The agent referred to in section 485 c is a person, acting under written authority from the consignee section 484 a , who makes entry in the name of the consignee. A nominal con signee who makes entry in his own name is not an agent within the purview of such section 485 c. When entry is made by an agent, he should execute on the entry form as agent the declara tion of the consignee applicable to the person for whom he acts as agent. An agen shall not execute the declaration of a nominal consignee unless he is acting as agent for a nominal consignee.
If the consignee whether the actual owner or a nominal con signee is an individual or partnership and the agent is not in possession of the consignees declaration on customs Form 3347-A
at the time the agent makes entry, the bond required by section 485 c must be given on customs Form 7551 or other appropriate form and must be conditioned for the production of the con signees declaration. When the consignee is an individual or a partnership, the consignees declaration may be executed only by the individual principal or one of the partners, and may not be executed by an agent.
4 In view of the specific provision in section485 f that when the merchandise is consigned to a corporation the consign ees declaration may be made by any officer of the corporation or by any other person specifically authorized by any officer of the corporation to make the same, such officer or other person who executes the declaration on behalf .of the corporation is not con sidered to be an agent within the purview of section 485 c and he is not required by such section 485 c to produce or give bond to produce any further declaration.

The second paragraph of article 295 d, as amended by T. D. 47052, is further amended by deleting the third sen tence in the paragraph and inserting the following sentence in lieu thereof:

The owners declaration, if filed, shall be on customs Form 3347, and may be filed only by the nominal consignee or his duly authorized agent.

Paragraph e is deleted.
seal
J ames H. M oyle ,
Approved March 31, 1937.

Commissioner of Customs.

W ayne C. T aylor,
Acting Secretary of the Treasury.
F. R. Doc. 37-998; Filed, April 5,1937; 2:58 p. m.

Office of the Secretary.
Mise. T. D. 2
E xempt S ecurities S ecurities E xchange A ct DESIGNATION OF CONSOLIDATED FEDERAL HOME LOAN BANK DE
BENTURES FOR EXEM PTION UNDER SECU RITIES EXCHANGE ACT

OF 1934
S ecurities and E xchange C ommission ,
A pril 5, 1937.

1778 Pennsylvania Avenue, N. W., Washington, D. C.
G entlemen ; Paragraph 12 of Section 3 a of the Securi ties Exchange Act of 1934 provides in part th at the term exempted security or exempted securities as used in such act shall include such securities issued or guaranteed by corporations in which the United States has a direct or indirect interest as shall be designated for exemption by the Secretary of the Treasury as necessary or appropriate in the public interest or for the protection of investors.
In accordance with the provisions of this paragraph, I
am designating for exemption securities issued by the Fed eral Home Loan Bank Board or the Federal Home Loan Banks under the authority of Section 11 of the Federal Home Loan Bank Act, as amended. This designation for exemption may be revoked, modified, or amended a t any time with respect to securities not issued prior to such time.
Very truly yours, seal
W ayne C. T aylor,
Acting Secretary of the Treasury.
F. R. Doc. 37-1003; Filed, April 6,1937; 12:07 p. m.

DEPARTMENT OF AGRICULTURE.
Agricultural Adjustment Administration.
IRB1Supplement D
Issued April 5, 1937
1936 A gricultural Conservation P rogram Insular R egion supplement d to bulletin no . i
Filing of Application for Grant Pursuant to authority vested in the Secretary of Agricul ture under section 8 of the Soil Conservation and Domestic 775