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W P G HARDINS GOVERNOR PAUL M WARBURG VICEGOVRRHOR FREDERIC A DELANO ADOLPH C MILLER CHARLES 8 HAMLIN Kx o m o s U i H i n WILLIAM • McADOO SICUIABT OP THE TREASURY CHAIRMAN JOHN SKELTON WILLIAMS COMPTROLLER OF THE CIIRRRNCT FEDERAL RESERVE B O A R D H PARKER WILLIS SECRETARY SHERMAN P ALLEN ASET SECRETARY AMD FISCAL AOENT AODRSSS RBPLV TO WASHINGTON FEDERAL RBGBRVM BOARD 05,6 January 14, 1916 Dear Sir* Complying with various suggestions made by Federal Reserve banks, the Federal Reserve Board has today authorized payments,to be made at the request of member banks by Federal Reserve banks, from the Gold Settlement Fund to tbo Treasurer of the United States for the credit of the five per cent re demption fund accounts maintained by rember banks against National bank note circulation, provided that such transfers shall be in sums of $10,000 or a multiple thereof It is suggested that notice of this facility be communicated to your member banks. Respectfully, Secretary
@FedFRASER