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NTS

CHARLES S . HAMLIN , GOVERNOR
FREDERIC A. DELANO, VI CE GOVERNOR
PAUL M. WARBURG
W . P . G. HARDING
ADOLPH C . MILLER

Ex-OFFICIO MEMBERS
WILLIAM G . McADO
SECRETAR Y OF THE TREASUR Y
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROl.l.ER OF "'HE CURRENCY

H . PARKER WILLIS, SECRETARY

FEDERAL RESERVE BOARD

ADDRESS REPLY TO

WASHINGTON

FEDERAL RESERVE BOARD

October 1 2 , 1914.

S ir
I n anSVler to que stions ,\ihich have been r aised 'Ii th
res· ect t c £orQS fo r general ledGe r, stock subscription
ledger, and stocle subscription receipt alrecdy sent out
fran this offi ce, the follodng paints ere noted:
1. It i s int ended that t e several Boards of Dire c tors s11&11 provide themselves vii th books loca lly pre pared from the f'OImS a lrea d y supplied , f or their use in
orga nizing the federa l Reserve Ba:nks .
2 . The b ook s in questi on are i ntended L eroly for
the period of o r ganization and of pa~nent of cap ita l
stock .

3 . The recei pts fo r capi tal stock, form of which
has boen SUl)p lied, may be entered in an ordil18.l"J dra ft
reg ister or rr£.y be prepared ni th stubs .
4 . The capital stock ledger s hou l d be prepared a s
i.-- bound book , a lth ough a lo os e-leaf form or ca rds may be
used, a c cordi ng to t h e pr eference of -.;he ban~ using it .
5. Duri ng t h e organization peri ad and until t he
Federal res e rve banks are estaul ish ed, the b.sn.t:s may use ,
as s ubs idiary to t h e gene r 2 l lede er, ::m y orclinary cash
book or journa l or a c ombination of "(;lle tuo .
I llave the honor to be,
Very

rC s I~ ctfUlly

yours,
.,.

jW~
Secretary .

-------,

llr. :;:; . O. TO;'!mison,

City Nati o. a l 3ank ,
Dallas, Texas

This document was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)