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Federal Securities Code records

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Held at: University of Pennsylvania: Biddle Law Library [Contact Us]3460 Chestnut Street, Biddle Law Library, Philadelphia, PA 19104-3406

This is a finding aid. It is a description of archival material held at the University of Pennsylvania: Biddle Law Library. Unless otherwise noted, the materials described below are physically available in their reading room, and not digitally available through the web.

Overview and metadata sections

Call Number:
ALI.04.022
Repository:
University of Pennsylvania: Biddle Law Library
Extent:
5.3 linear feet
Language:
English
Preferred Citation:
[Identification of item], in the Federal Securities Code Records, American Law Institute Archives, ALI.04.022, Biddle Law Library, University of Pennsylvania Law School, Philadelphia, PA.
Date:
1968-1981 (inclusive)
Creator:
American Law Institute
Abstract:
In the late 1960s, the American Bar Association's Committee on Federal Regulation of Securities recommended that a codification of securities law be undertaken by the American Law Institute (ALI). The ALI approved the project, appointing Louis Loss as the reporter in 1969. The purpose of the project was to analyze, integrate, and improve an array of federal acts related to securities law. The American Bar Association played an active role in reviewing and advising the committee on its work. The ALI approved the Federal Securities Code on May 19, 1978. Loss continued working with the project's consultants, advisers, and other interested parties to prepare a final draft of commentary on the code. Although the ALI assumed no responsibility for Loss's comments, the organization authorized the publication of a Reporter's Commentary with the Federal Securities Code in 1980. The collection, 1968-1981, includes correspondence, meeting records, drafts, and other materials relating to the drafting of the Federal Securities Code, a project that sought to simplify and consolidate the law as it related to financial securities.

In the late 1960s, the American Bar Association's Committee on Federal Regulation of Securities recommended that a codification of securities law be undertaken by the American Law Institute (ALI). The ALI approved the project, appointing Louis Loss as the reporter in 1969. The purpose of the project was to analyze, integrate, and improve an array of federal acts related to securities law. The American Bar Association played an active role in reviewing and advising the committee on its work.

The ALI approved the Federal Securities Code on May 19, 1978. Loss continued working with the project's consultants, advisers, and other interested parties to prepare a final draft of commentary on the code. Although the ALI assumed no responsibility for Loss's comments, the organization authorized the publication of a Reporter's Commentary with the Federal Securities Code in 1980.

The Federal Securities Code Records, 1968-1981, include correspondence, meeting records, drafts, and other records relating to the drafting of the Federal Securities Code, a project that sought to simplify and consolidate the law as it related to financial securities.

    Arrangement
  1. Correspondence
  2. Meeting Records
  3. Drafts
  4. Publications

Throughout this collection, researchers should note the following abbreviations when examining the collection: "PD" stands for Preliminary Draft "TD" stands for Tentative Draft "CD" stands for Council Draft

First shipment received from the American Law Institute in 1995.

An item-level container list is available offline in spreadsheet form.

Preliminary container list prepared by Melissa Backes, 1995-2005.

Processed and encoded by Jordon Steele, May 2008.

Organization
Subject

Publisher
University of Pennsylvania: Biddle Law Library
Finding Aid Author
Jordon Steele
Finding Aid Date
2008
Access Restrictions

None.

Use Restrictions

The archives reserves the right to restrict access to material of sensitive nature. Please contact the department for further information.

Collection Inventory

Scope and Contents note

Correspondence between consultants, advisers, and American Law Institute members; letters written by Reporter Louis Loss, letters requesting permission to quote from the Federal Securities Code; a letter written about a 1978 press conference announcing the adoption of the Federal Securities Code by the ALI; and related records.

General Physical Description note

About 180 items

1968 Correspondence with members of council, 1968 December.
Box 1 Box Folder 1
1971 Correspondence, 1971 April - October.
Box 6 Box Folder 4-6
1971 Letter from reporter, Louis Loss, to reporters and advisers re: Preliminary Draft no. 5., 1971.
Box 1 Box Folder 2
1972 Correspondence with reporter and advisers, 1972.
Box 1 Box Folder 3
1973 Correspondence with reporter and advisers, 1973.
Box 1 Box Folder 4
1974 Correspondence with reporter and advisers, 1974.
Box 1 Box Folder 5
1972-1978 Permission to quote, 1972-1978.
Box 1 Box Folder 6
1978 Press conference, 1978 April 21.
Box 1 Box Folder 7

Scope and Contents note

Chiefly minutes and related correspondence regarding meetings held by the consultants and advisers to the Federal Securities Code project. This series also includes some records relating to meetings of the Federal Securities Code Project committee.

General Physical Description note

About 950 items

1970 Meeting of consultants and advisers. The Westbury Hotel, New York City., 1970 June 12-13.
Box 1 Box Folder 8
1971 Meeting of consultants and advisers. The Westbury Hotel, New York City. Originally planned for Dec. 18-19, 1980., 1971 January 15-16.
Box 1 Box Folder 9
1971 Meeting of consultants and advisers. The Harbor View, Edgartown, MA., 1971 August 12.
Box 1 Box Folder 10
1971 Meeting of consultants and advisers. The Westbury Hotel, New York City., 1971 September 17-18.
Box 1 Box Folder 11
1971 Meeting of consultants and advisers. The Carlyle Hotel, New York City., 1971 December 10-12.
Box 1 Box Folder 12
1972 Meeting of consultants and advisers. The Mayflower Hotel, Washington DC., 1972 January 14-15.
Box 1 Box Folder 13
1972 Meeting of consultants and advisers. The Westbury Hotel, New York City., 1972 March 24-26.
Box 1 Box Folder 14
1972 Meeting of consultants and advisers. The Westbury Hotel, New York City., 1972 June 12-13.
Box 1 Box Folder 15
1972 Meeting of consultants and advisers. The Westbury Hotel, New York City., 1972 September 21-23.
Box 1 Box Folder 16
1972 Meeting of consultants and advisers. The Westbury Hotel, New York City., 1972 November 9-11.
Box 1 Box Folder 17
1973 Meeting of consultants and advisers. The Roosevelt Hotel, New Orleans., 1973 January 19-20.
Box 1 Box Folder 18
1973 Meeting of consultants and advisers. The Westbury Hotel, New York City., 1973 April 13-14.
Box 1 Box Folder 19
1973 Louis Loss' s dinner at the annual meeting. The Cosmos Club, Washington, DC., 1973 May 18.
Box 1 Box Folder 20
1973 Meeting of consultants and advisers. The Westbury Hotel, New York City., 1973 November 16-18.
Box 1 Box Folder 21
1974 Federal securities code dinner. The Mayflower Hotel, Washington DC., 1974 May 23.
Box 1 Box Folder 22
1974 Meeting of consultants and advisers. The Fairmount Hotel, San Francisco., 1974 June 6-8.
Box 1 Box Folder 23
1974 Meeting of consultants and advisers. The Westbury Hotel, New York City., 1974 December 5-7.
Box 1 Box Folder 24
1975 Meeting of consultants. Dave Henkel's office, New York City., 1975 January 14.
Box 1 Box Folder 25
1975 'Meeting of consultants. The Westbury Hotel, New York City., 1975 September 11-13.
Box 1 Box Folder 26
1975 Meeting of consultants and advisers. The Westbury Hotel, New York City., 1975 October 23-25.
Box 1 Box Folder 27
1975 Meeting of Messrs. Milton, Cohen, Curtis, Harris, Kroll, Loomis, and Snodgrass re PD 17. Milton Kroll's office, Washington, DC., 1975 November 28-29.
Box 1 Box Folder 28
1976 Meeting of the federal regulation of securities committee of the ABA section of corporation, banking, and business law. The Mayflower Hotel, Washington, DC., 1976 January 23-24.
Box 1 Box Folder 29
1976 Meeting of the consultants. The Westbury Hotel, New York City., 1976 April 15-17.
Box 1 Box Folder 30
1976 Meeting of Messrs. Milton, Cohen, Garrett, Henkel, Jackson, Kripke, Kroll, Mostoff, Mundheim, and Rosenblat, and Ms. Jones. David Henkel's office, New York City., 1976 June 8.
Box 1 Box Folder 31
1976 Meeting of consultants and advisors. The Westbury Hotel, New York City., 1976 July 8-10.
Box 1 Box Folder 32
1976 Meeting of consultants and advisors. The Westbury Hotel, New York City., 1976 December 2-4.
Box 1 Box Folder 33
1977 Federal Securities Code Project Meeting. The Mayflower Hotel, Washington, DC., 1977 January 19-28.
Box 1 Box Folder 34
1977 Meeting of consultants. The Mayflower Hotel, Washington, DC., 1977 March 3-5.
Box 1 Box Folder 35
1977 Meeting of consultants and advisers. The Washington Hilton Hotel., 1977 September 28 - October 1.
Box 1 Box Folder 36
1977 Meeting of federal regulation of securities committee of the corporation, banking and business law section of the ABA. Hyatt Regency Hotel, Washington, DC., 1977 October 26-28.
1978 Transcript of proceedings of panel discussion presented by the Federal Regulation of Securities Committee. Williamsburg, VA. "ALI proposed federal securities code.", 1978 April 8.
Box 1 Box Folder 37
1979 Meeting attendance notes, 1979 May 17-19.
Box 1 Box Folder 38
1976 Consultants Meeting, 1976.
Box 2 Box Folder 1

Scope and Contents note

Chiefly drafts created by the Federal Securities Code Project committee and submitted to the American Law Institute that reflect the formulation of the Federal Securities Code. While the Federal Securities Code was formally adopted by the American Law Institute in 1978, this series also include post-1978 drafts and related records regarding the creation of the Reporter's Commentary section that was included in the 1980 publication of the Federal Securities Code.

General Physical Description note

About 100 items

1968 Proposed ALI project looking toward a federal securities code. , 1968 November 25.
Box 2 Box Folder 2
1970 Preliminary Draft no. 1. Subjects covered: parts 2-5., 1970 May 4.
Box 2 Box Folder 3
1970 PD no. 2. Subjects covered: parts 2-5., 1970 November 19.
Box 2 Box Folder 4
1971 PD no. 3 (TD no. 1-E). Subjects covered: parts 2-6., 1971 August 6.
Box 2 Box Folder 5
1971 PD no. 4. Subjects covered: parts 2-6., 1971 November 26.
Box 2 Box Folder 6
1971 PD no. 5. Subjects covered: parts 2-6., 1971 December 20.
Box 2 Box Folder 7
1972 PD no. 6. Subjects covered: parts 2, 8, 9., 1972 August 1.
Box 2 Box Folder 8
1972 PD no. 7. Subjects covered: parts 2, 4, 7, 8., 1972 October.
Box 2 Box Folder 9
1972 PD no. 8. Subjects covered: revisions to Tentative Draft no. 1., 1972 October 28.
Box 2 Box Folder 10
1973 PD no. 9. Subjects covered: parts 11-3, 5, 15, 16., 1973 March 16.
Box 2 Box Folder 11
1973 PD no. 10. Subjects covered: parts 2-6, 8, 9., 1973 October 8.
Box 2 Box Folder 12
1973 PD no. 11. Subjects covered: parts 1-3, 5, 15-17., 1973 October 18.
Box 2 Box Folder 13
1973 PD no. 12. Subjects covered: parts 2, 3, 5, 15-17., 1973 December 21.
Box 2 Box Folder 14
1974 PD no. 13. Subjects covered: parts 2-6, 8, 9., 1974 January 9.
Box 2 Box Folder 15
1974 Errata and addenda to PD no. 12. , 1974 January 8.
Box 2 Box Folder 16
1974 Summary of PDs 12 and 13. , 1974 January 15.
Box 2 Box Folder 17
1974 PD no. 14. Subjects covered: parts 2, 3, 5, 10, 12., 1974 April 23.
Box 2 Box Folder 18
1974 PD no. 15. Subjects covered: parts 2, 5, 10, 12, 14. 4 copies., 1974 October 23.
Box 2 Box Folder 19
1974 Addenda to PD no. 15., 1974 December 16.
Box 2 Box Folder 20
1974 PD no. 16. Subjects covered: parts 2, 11, 15, 16., 1974 November 12.
Box 2 Box Folder 21
1975 Revision of PD no. 16. , 1975 October 17.
Box 2 Box Folder 22
1975 PD no. 17. Subject covered: market regulation., 1975 October 3.
Box 3 Box Folder 1
1975 Revision of PD no. 17. For meeting of Nov. 28-29, 1975., 1975 November 28-29.
Box 3 Box Folder 2
1975 PD no. 18. Subjects covered: market regulation, securities amendments of 1975., 1975 December 18.
Box 3 Box Folder 3
1976 Supplemental errata and addenda (to go with list of Feb. 1, 1976). PD no. 18., 1976 February 17.
Box 3 Box Folder 4
1976 Errata and addenda. PD no. 18., 1976 January 16.
Box 3 Box Folder 5
1976 PD no. 19. Subject covered: investment companies., 1976 June 14.
Box 3 Box Folder 6
1976 PD no. 20. Subject covered: investment companies., 1976 August 11.
Box 3 Box Folder 7
1976 PD no. 20A. (Investment companies)., 1976 September 20.
Box 3 Box Folder 8
1976 PD no. 21. Subjects covered: part 1, part 9C, part 11., 1976 November 1.
Box 3 Box Folder 9
1976 PD no. 22. Subjects covered: part 1, part 9C, part 11, related provisions in other parts., 1976 December 27.
Box 3 Box Folder 10
1972 Council Draft no. 1. Subjects covered: parts 2-6., 1972 February 1.
Box 3 Box Folder 11
1972 Errata and addenda. CD no. 1., 1972 March 6.
Box 3 Box Folder 12
1972 CD no. 2. Subjects covered: parts 2, 4, 8, 14., 1972 December 11.
Box 3 Box Folder 13
1973 Errata and addenda. CD no. 2. , 1973 February 3.
Box 3 Box Folder 14
1974 CD no. 3. Subjects covered: parts 2, 3, 5, 10, 12, 14, 17., 1974 December 31.
Box 3 Box Folder 15
1975 Addenda to CD no. 3. , 1975 January 22.
Box 3 Box Folder 16
1975 CD no. 4. Subjects covered: market regulation, securities acts amendments., 1975 December 19.
Box 3 Box Folder 17
1976 Errata and addenda to accompany CD no. 4. , 1976 February 9.
Box 3 Box Folder 18
1977 CD no. 5. Subjects covered: parts 1, 9C, 11, related provisions in other parts., 1977 January 18.
Box 3 Box Folder 19
1977 Substitute pages for CD no. 5. , 1977 February 8.
Box 4 Box Folder 1
1975 Tentative Draft no. 4. Subjects covered: parts 2, 3, 5, 10, 12, 14, 16, 17., 1975 April 1.
Box 4 Box Folder 2
1976 TD no. 5. Subjects covered: market regulation, securities acts amendments of 1975., 1976 April 1.
Box 4 Box Folder 3
1976 Proposed changes in TD no. 5, § 1004 of TD no. 4, and queries, 1976.
Box 4 Box Folder 4
1977 TD no. 6. Subjects covered: parts 1, 9C, 11, related provisions in other parts., 1977 April 1.
Box 4 Box Folder 5
1977 Proposed final draft no. 1., 1977 January 1.
Box 4 Box Folder 6
1977 Proposed final draft no. 2. , 1977 May 10.
Box 4 Box Folder 7
1977 Proposed final draft no. 3, volume 1. (green, orange, and blue), 1977 July 23.
Box 4 Box Folder 8
1977 Proposed final draft no. 3, volume 2. (green, orange, and blue), 1977 July 12 and 1977 November 9 .
Box 4 Box Folder 9
1977 Supplement to proposed final draft no. 3. , 1977 October 17.
Box 4 Box Folder 10
1977 Supplement no. 2 to proposed final draft no. 3. , 1977 November 23.
Box 4 Box Folder 11
1977 Supplement no. 3 to proposed final draft no. 3., 1977 December 9.
Box 4 Box Folder 12
1977 Supplement no. 4 to proposed final draft no. 4. , 1977.
Box 4 Box Folder 13
1978 Proposed official draft-introduction. Issued by ABA., 1978.
Box 4 Box Folder 14
1978 Supplement to proposed official draft. , 1978 June 2.
Box 4 Box Folder 15
1978 Supplement to proposed official draft (changes approved at May 1978 annual meeting and reporter's editorial revisions). , 1978 July 15.
Box 4 Box Folder 16
1978 Materials for revision of "orange book.", 1978.
1979 Proposed changes in official draft (as contained in proposed official draft of March 15, 1978, and supplement dated July 15, 1978). Referred to as the "orange book.", 1979 April 12.
Box 4 Box Folder 17
1979 Revision of "orange book" of 4/9/79, reflecting also letter of 5/10/79 and conference of 5/17-19/79: proposals arranged by categories., 1979 June 1.
Box 4 Box Folder 18
1980 Federal Securities Code. Adopted by the ALI at Washington, DC May 19, 1978. With reporter's commentary. Vol. 1, parts 1-13., 1978 May 19.
Box 4 Box Folder 19
1980 Federal Securities Code. Adopted by the ALI at Washington, DC May 19, 1978. Vol. 2, parts 14-20., 1978 May 19.
Box 5 Box Folder 1
1980 First supplement. Federal securities code, adopted by the ALI at Wash. DC May 19, 1978, with reporter's commentary., 1978 May 19.
Box 5 Box Folder 2
1981 Second supplement, volume 1, parts 1-13. Federal securities code, adopted by the ALI at Wash. DC May 19, 1978. With reporter's commentary., 1978 May 19.
Box 5 Box Folder 3
1981 Second supplement, volume 2, parts 14-20. Federal securities code, adopted by the ALI at Wash. DC, May 19, 1978. With reporter's commentary., 1978 May 19.
Box 5 Box Folder 4
1971 Consultant's draft. Tentative PD no. 3. Louis Loss, reporter., 1971 April 21.
Box 5 Box Folder 5
1971 1-E, 1971 August.
Box 5 Box Folder 6
1971 Consultant's draft. PD no. 1-D. Louis Loss, reporter., 1971 June 4.
Box Folder 7
1971 Consultant's draft. TD no. 2-B. Parts 2, 13, 14. Louis Loss, reporter., 1971 July 15.
Box 5 Box Folder 8
1971 Consultant's draft. No. 1-F. Louis Loss, reporter., 1971 October 26.
Box 5 Box Folder 9
1972 Consultant's draft. TD no. 2-C. Parts 2, 13, 14. Louis Loss, reporter., 1972 February 15.
Box Folder 10
1972 Consultant's draft. No. 2-D. Parts 2, 13, 14. Louis Loss, reporter., 1972 May 1.
Box Folder 11
1972 Consultant's draft. No. 3-A. Parts 1-3, 7, 15, 16. Louis Loss, reporter., 1972 September 1.
Box 5 Box Folder 12
1975 Table of Contents and related material, 1975.
Box 5 Box Folder 13
1976 Third draft of part 11 and related provisions. , 1976 April 15-17.
Box 5 Box Folder 14
1976 Introductory comments to ss913A, 914, 1111-11B., 1976 May 28.
Box 5 Box Folder 15-16
1976 Miscellaneous comments, 1976 May.
1977 Memorandum to ALI from Davis Polk & Wardwell, re: federal securities code part X-trust indentures. , 1977 May 10.
Box 5 Box Folder 17
1977 Misc. comments., 1977 October 3.
Box 5 Box Folder 18
1978 Draft, 1978.
Box Folder 19
1980 ABA federal regulation of securities committee memorandum re: file no. S7-812., 1980 February 1.
Box 5 Box Folder 20
Table of contents. No date.
Box 5 Box Folder 21
1111-5 - 1603-1. No date.
Box 5 Box Folder 22

Scope and Contents note

Off-prints of law journal issues that analyzed the proposed Federal Securities Code.

Physical Description

3 items

1979 The proposed federal securities code: a response to its critics. Allen E. Throop. University of Miami Law Review, vol. 33, no. 5., 1979 September.
Box 6 Box Folder 1
1979 Securities law reform and the ALI federal securities code. Homer Kripke. University of Miami Law Review, vol. 33, no. 5., 1979 September.
Box 6 Box Folder 2
1977 Symposium: the ALI's proposed federal securities code. Vanderbilt Law Review, vol. 30, no. 3., 1977 April.
Box 6 Box Folder 3

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