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CIRCULAR N O . 81 1 ^^^'iLCfiL. 1 Jufr~\ FEDERAL RESERVE BANK OF N E W YORK N E W Y O R K , September 2 7 , 1917. DEAR SIR: We are in receipt of letter from the Federal Reserve Board, from which we quote as folows: In connection with the regulations covering the exportation of coin, bullion, and currency from the United States, the Board desires t h a t you request all national banks, state banks, trust companies, private banking firms, or other fiduciary institutions likely to have earmarked gold for foreign account, to give you a full statement of the gold which is held in custody by them, indicating under what stipulations it wasreceived, with the assurance t h a t the information furnished will be held in strict confidence. Please inform these institutions t h a t the Board regards the earmarking of gold for foreign individuals, firms, corporations, or governments, as being t a n t a m o u n t to t h e exportation of gold, and that in the public interest it requests t h a t no more gold be earmarked for foreign account except upon the approval of the Board. It must be understood, however, t h a t any restrictions which may be placed upon the exportation or earmarking of gold must in no way affect the payment in gold whenever required, of any obligations payable in gold within the United States, whether due to domestic or foreign holders, excepting enemy holders, the regulations affecting only gold which is to be shipped outside of the United States or to be earmarked for foreign account, as stated above. Kindly acknowledge receipt, and forward to this bank as promptly as possible the full statement as requested, which will of course be held in strict confidence. Very truly yours, B E N J . STRONG, Governor. FEDERAL RESERVE BANK OF NEW YORK September 27, 1917. Dear Sir: In order to enable the special committee, referred to in our letter of September 11th, to more intelligently develop its plans for facilitating the next Government loan, this bank requests that you include in the daily reports you are new furnishing, the reserve percentage of your bank. This percentage is to be figured in accordance v/ith tho provisions of the national or Stato lav/, whichever governs your institution. Wo are enclosing herewith a now supply of blanks providing for this added information. Tho committee will appreciate your further cooperation in this matter* Very truly yours, Doputy Governor, V FEDERAL RESERVE BANK OF N E W YORK October 2, 1917 = » Dear Sir: To enable the committee to secure a more comprehensive Surrey of the money situation, they desire to have furnished daily, in addition to the other items, the amounts of time locns for out -cf-tov/n correspondents and of time loans to brokers. We are enclosing nevr forms for reports, in which these items are incorporated, and trust you v/ill cooperate by gi^i.ng us this added information, Very truly yours, Deputy Governor. P. £• Under separate cover « e are forv/arding some selfi addressed envelopes for use in sending the reports to us. FEDERAL RESERVE BANK OF N E W YORK October 4, 1917. To THE CASHIER, SIR: Enclosed herewith you will find a revised form of our Circular No. 82, which please substitute for the copy sent you yesterday, which contained certain slight inaccuracies, and should be destroyed. Respectfully, L. F. SAILER, Cashier.
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