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SUGGESTIONS U^DE BY THE RESERVE BANKS REGARDING PROCEDURE TO ACCOkPLIcaH IKIFOHiilTY IN CONDITIONS OF MEMBERSHIP (Letter 12-17-/16) Request: "The Board would be glad to have any suggestions which you may have concerning the procedure which should be followed in occoai plishing tho desired uniformity in conditions of membership." Mo suggestion made by: NEVJ YORK CL3VEL/JSD ST. LOUIS KANSAS CITY Elimination of standard conditions recommended by: c BOSTON RICHMOND (Amend statutes) MIISKEAPCLIS PHILADELPHIA: DALLAS: Review operations and conditions of each State member bank subject to special conditions. Ascertain which conditions should be retained. Proposal to substitute standard conditions plus retained conditions should be discussed with management by examiner at next examination. If bank favorable to proposal, the Reserve Bank would transmit letter setting forth conditions acceptable in lieu of old conditions and new conditions would become operative after proper action by directors. Following analysis, Reserve Banks should submit to Board for approval a list of banks subject to special conditions which may be released upon acceptance of uniform standard conditions. Form of resolution should be drawn and approved for effecting substitution. Method of bringing matter before affected State members left to discretion of Reserve Banks. c SM JR/JSCI3C0: Of the 81 at ate member banks in the District: 26 operate under thi'ee standard conditions. 15 operate under thp?ee standard conditions and twelve other conditions more or less standard at one time. 40 operate under special conditions. Believe careful review would indicate standard conditions could Ue substituted without risk. Anticipate no difficulty in effecting substitution. c
