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REGISTER

FEDERAL
VOLUME 13

AilTEO

NUMBER 67

Washington, Tuesday, April 6, 1948

TITLE 6 A G R IC U LT U R A L CR ED IT
Chapter III farm ers Home Adminis tration, Department of Agriculture Subchapter I Account Servicing
P art 387 S ecur ity TRANSFERS OF FARM OWNERSHIP FARMS

Section 387.31, Part 387 of Title 6 of the Code of Federal Regulations 12 F. R.
5991, entitled Transfers of farm owner ship farms, with releases from personal liability, under the Bankhead-Jones Farm Tenant Act, as amended, is hereby amended by revoking subparagraph 4
under paragraph c of said 387.31.
60 Stat, 1062; Pub. Law 249, 80th Cong., 61Stat. 493
Issued the 29th day of March 1948.
seal

D illard B. L asseter,
Administrator, Farmers Home Administration.
Approved: March 31, 1948.
C l in t o n P. A nderson ,
Secretary of Agriculture.
IP. R . Doc. 48-3000; Piled; Apr.
8:58 a. m .

5,
1948;

B oard
TITLE 12 B A N K S A N D
B A N K IN G
Chapter 1 Federal Reserve System Subchapter A Board of Governors of the Federal Reserve System
P art 206 T rust P owers B anks
of
In a statement published in the Fed eral Reserve Bulletin for January 1942
at page 7, the Board expressed the opin ion that redemption value was the most appropriate basis for valuing such bonds.
As pointed out at that time, however, the only provision of this part which is perti nent to this matter is the requirement, in 206.17 c 1, that the written plan for the operation of a Common Trust Fund shall include, among other things, provisions relating to the basis and method of valuing the assets in the Fund, and the part does not undertake to pre scribe any precise basis or method of valuation. Accordingly, this part does not prohibit the valuing of Series G
United States Savings Bonds at par value in the periodic valuation of assets in a Common Trust Fund, and such action is permissible if it is consistent with the terms of the written plan governing the Common Trust Fund and with applicable State law.
Secs. 2,3, 24 Stat. 18,19, secs. 11 i k 38 Stat. 261, 262, as amended, sec. 1, 40
Stat. 1043, as amended, sec. 1, 44 Stat.
1225, as amended, 56 Stat. 824, as amended, 12 U. S. C. and Sup., 30, 31
248 i, k , 33, 34a, 26 U. S. C. Sup. 169.

N ational
VALUATION OF UNITED STATES SAVINGS BONDS
IN COMMON TRUST FUND .

The following interpretation tinder this part was issued by the Board of Govfernors of the Federal Reserve System on March 24,1948.
206.103 Valuation of United States Savings Bonds in Common Trust Fund.
The Board has received inquiries con cerning the question whether, in the periodic valuation of assets in a Com mon Trust Fund operated in accordance with 206.17 c , it is permissible to value Series G United States Savings Bonds at par value rather than re demption value.

seal

G overnors of the F ederal R eserve S ys t e m , . _
M erritt S herm an , of
Assistant Secretary.
P .

R.

Doc. 48-2990; F iled, A p r.
8:58 a. m .

5,
1948;

TITLE 1 9 C U ST O M S D U TIES
Chapter I Bureau of Customs, Department of the Treasury T . D. 51874

P art 10 A rticles C o n d it io n a l l y F ree, S ubject to a R educed R ate , E tc .
BAGGAGE DECLARATION

Section 10.26 b , Customs Regula tions of 1943 19 CFR, Cum. Supp., 10.26
b is hereby amended by adding the following sentence at the end thereof:
Citizens of the United States who are employed in a civilian capacity by The Panama Canal and who are not return ing residents may include in the corded and sealed packages articles classifiable C o n tin u e d on next p age
C O N T EN T S
Alien Property, Office of
Page
Notices:
Vesting orders, etc.:
Baumann, Paul---------------
Klein, Anna Rosenfeld------
Magyar, Bertalan________
Muller, Elsa, et al------------Nishizawa, Irma C------------Paul, Rene Francois Jules----Raff, Carl_________
Takahashi, Tokue, and Yuki Takahashi________________

1887
1888
1888
1888
1886
1888
1887
1886

Civil Aeronautics Board Notices:
Pan American Airways, Inc., and Uraba, Medellin and Central Airways, Inc.; hearing--------

1882

Customs Bureau Rules and regulations:
Articles conditionally free, sub ject to reduced rate; baggage declarations________________
1859
Surplus Government property, importation; proof of use as scrap metal________________ - I860

farm ers Home Administration Rules and regulations:
Security; transfers of farm ownership farm s___________

1859

Federal Power Commission Notices:
Trans-Continental Gas Pipe Line Co., Inc.; hearing--------

1882

Federal Reserve System Rules and regulations:
Trust powers of national banks;
valuation of U. S. Savings Bonds in common trust fund.

1859

Housing Expediter, Office of Rules and regulations:
Rent, controlled:
Housing--- ----------------------Atlantic County -------Miami __________ -
New York City_______ ----Rooms in rooming houses and other establishments .
M iam i----------New York City ----------

1861
1870
1867
1864
1873
1878
1876

International Trade, Office of Rules and regulations :
General regulations--------- ----- 1880
Licenses:
General_____________________ 1880
Individual------------------ -
1880
1859