Friday, January 9, 2009

The Fed Writes Back


Before writing the post "Reg T and Social Security" a couple of weeks ago, I wrote the Federal Reserve to confirm that it had the power to change margin requirements. Yesterday, the Fed wrote back:

The margin requirements for broker-dealers and other lenders found in Federal Reserve Regulations T and U can be raised or lowered by the Board of Governors of the Federal Reserve System. The last change, a decrease from 65 to 50 percent, occurred in 1974.

1 comment:

Richard Nixon said...

They've been thinking about doing something for the past 34 years.

Our government- hard at work.