In the sentences extracted from financial agreements in U.S. SEC filings, identify the named entities that represent a person ('PER'), an organization ('ORG'), or a location ('LOC'). The required answer format is: 'entity name, entity type'.
Text: Borrower is not engaged as one of its important activities in extending credit for margin stock ( under Regulations T and U of the Federal Reserve Board of Governors ).
Answer:
Borrower, PER
Federal Reserve Board of Governors, ORG