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204.5 Supplement: Reserves re quired to be maintained by member banks with Federal Reserve Banks.
Pursuant to the provisions of section 19
of the Federal Reserve Act and 204.2
a , the Board of Governors of the Fed eral Reserve System hereby prescribes the following reserve balances which each member bank of the Federal Reserve System is required to maintain on de posit with the Federal Reserve Bank of its district:
a I f not in a reserve or central re serve city:
1 6 percent of its time deposits un til the opening of business on August 16, 1949, and 5 percent of its time deposits thereafter, plus 2 13 percent of its net demand de posits from August 1 to August 15, 1949, inclusive, and 12 percent of its net de mand deposits thereafter.
b I f in a reserve city except as to any bank located in an outlying district of a reserve city or in territory added to such city by the extension of the citys corporate limits, which, by the affirma tive vote of five members of the Board of Governors of the Federal Reserve Sys tem, is permitted, to maintain the re serves specified in paragraph a of this section:
1 6 percent of its time deposits un til the opening of business on August 11, 1949, and 5 percent of its time de posits thereafter, plus 2 20 percent of its net demand de posits until the opening of business on August 11, 1949, 19% percent of its net demand deposits from August 11 to Au gust 17, 1949, inclusive, 19 percent of its net demand deposits from August 18 to August 24, 1949, inclusive, 18% percent of its net demand deposits from August 25 to August 31, 1949, inclusive, and 18
percent of its net demand deposits thereafter.
c I f in a central reserve city ex cept as to any bank located in an out lying district of a central reserve city or in territory added to such city by the extension of the citys corporate limits, which, by the affirmative vote of five members of the Board of Governors of the Federal Reserve System, is permitted to maintain the reserves specified in paragraph a or b of this section:
1 6 percent of its time deposits until the opening of business on August 11, 1949, and 5 percent of its time deposits thereafter, plus 2 24 percent of its net demand de posits until the opening of business on August 11, 1949, 23% percent of its net demand deposits from August 11 to Au gust 17, 1949, inclusive, 23 percent of its net demand deposits from August 18 to August 24, 1949, inclusive, 22% percent of its net demand deposits from August 25 to August 31, 1949, inclusive, and 22
percent of its net demand deposits there after.

5005

FEDERAL REGISTER

Saturday, A u g u st IS, 1949

in sections 4 a and 4 b of the Ad ministrative Procedure Act, and the prior publication described in section 4 c of such act, are impracticable, unnecessary and contrary to the public interest in connection with this amendment for the reasons and good cause found as stated in 262.2 e of the Boards Rules of Procedure Part 262, and especially be cause such notice, procedure and prior publication would prevent the action from becoming effective as promptly as necessary, and would serve no useful pur pose.
Sec. 11 i, 38 Stat. 262; 12 U. S. C. 248
i. Interpret or apply secs. 11, 19, 38
Stat. 261, 270, as amended; 12 U. S. C.
248 c , e 461, 462, 462a-l, 462b, 464, 465
Approved this 5th day of August 1949.

seal
B oard o p G o v e r n o r s o f t h e F ederal R eser ve S y s t e m , S. R . C a r p e n t e r ,
Secretary.
F. R. Doc. 49-6594; Filed, Aug. 12, 1949;
8:45 a. m .

TITLE 16 COMM ERCIAL
PRACTICES
Chapter I Federal Trade Commission Docket No. 5093
P art 3 D ig e s t o f C ease a n d D e s is t O rders GULF & W EST INDIES CO., INC., AND MILTON
COHN

Subpart Advertising falsely or mis leadingly: 3.130 Manufacture or prep aration: 3.235 Source or origin P la c e Foreign, in general: subpart Misbrand ing or mislabeling: 3.1255 Manufacture or preparation: 3.1325 Source or ori gin PlaceForeign, in general. In con nection with the offering for sale, sale and distribution of chamois skins in com merce, 1 using the words French process or any other words of similar import to designate, describe or refer to chamois skins not actually tanned or produced by the French process, or 2
representing as having been imported from France any chamois skins which have not in fact been so imported; pro hibited. Sec. 5,38 Stat. 719, as amended by sec. 3, 52 Stat. 112; 15 U. S. C., sec.
45b Cease and desist order, Gulf &
West Indies Company, Inc., and Milton Cohn, Docket 5093, July 11, 19491
At a regular session of the Federal Trade Commission held at its office in the City of Washington, D. C-, on the 11th day of July A. D. 1949.
In the Matter of G ulf & West Indies Company, Inc., a Corporation, and M ilton Cohn, Individually and as Presi dent of G ulf & West Indies Company, Inc., a Corporation
2.
This amendment is issued pursuant This proceeding having been heard by to the authority granted to the Board of the Federal Trade Commission upon the Governors by section 19 of the Federal amended complaint of the Commission, Reserve Act with primary regard to the the answer of respondents, evidence in general credit and business situation and troduced before trial examiners of the the maintenance of orderly conditions Commission theretofore duly designated in the Government security market. The by it, recommended decision of the trial notice and public procedure described examiner and brief in support of the
complaint no brief having been filed on behalf of respondents and oral argument not having been requested, and the Commission having made its findings as to the facts and its conclusion that the respondents have violated the provisions of the Federal Trade Commission Act :
I t is ordered, That respondent Gulf &
West Indies Company, Inc., a corpora tion, and its officers, and Milton Cohn, individually and as an officer of said corporation, and respondents repre sentatives, agents and employees, di rectly or through any corporate or other device, in connection with the offering for sale, sale and distribution of chamois skins in commerce, as commerce is defined in the Federal Trade Commis sion Act, do forthwith cease and desist from:
1. Using the words French process or any other words of similar import to designate, describe or refér to chamois skins not actually tanned or produced by the French process.
2. Representing as having been im ported from France any chamois skins which have not in fact been so imported.
I t is further ordered, That the re spondents shall, within sixty 60 days after service upon them of this order, file with the Commission a report in writing setting forth in detail the manner and form in which they have complied with this order.

J

By the Commission.
seal

D. C. D aniel ,
Secretary.
F. R. Doc. 49-6613; Filed, Aug. 12, 1949;
8:47 a. m.

Docket No. 3067

P art 3 D igest of Cease O rders
and
D esist
BANNER MFG. CO.

SubpartAdvertising falsely or mis leadingly: 3.195 Safety. Order modify ing prior order in Banner Manufacturing Co., 26 F. T. C. 614, 1938, Docket 3067, 16
CFR 3.195, so as to eliminate from para graph one of said order, for the reasons set forth, proviso permitting, subject to the conditions therein set out, the repre sentation by respondent, otherwise pro hibited, that its antifreeze preparations are safe and harmless for general use in automobile radiators. Sec. 5, 38 Stat.
719, as amended by sec. 3, 52 Stat. 115;
15 U. S. C., sec. 45b Order modifying cease and desist order, Banner Manufac turing Co., Docket 3067, July 13, 1949
At a regular session of the Federal Trade Commission held at its office in the city of Washington, D. C., on the 13th day of July A. D. 1949.
This cause coming on to be heard by the Commission upon motion of Richard P. Whiteley, Assistant Chief Counsel, to amend order to cease and desist issued in this proceeding on January 31, 1938; re spondents statement in opposition to said motion; testimony and other evi dence on the question of public interest taken before Webster Ballinger, a trial examiner of the Commission; recom mended decision of said trial examiner