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Ex-Officio W. P. G. HARDING, G O V E R N O R P AU L M. WARBURG. V I C E G O V E R N O R FREDERIC A. DELANO ADOLPH C. M ILLER CHARLES S. HAMLIN members W ILLIAM G. McADOO SECRETARY OF TH E TREASURY C H A IR M A N JOHN SKELTON W ILLIAM S* • CO M PTR OLLER O F T H E C U R R E N C Y H. PARKER W ILLIS , S E C R E T A R Y SHERMAN P. ALLE N . A S S T . S E C R E T A R Y FEDERAL RESERVE BOARD A N D F IS C A L A G E N T WASHINGTON ADDRESS R E PLY TO RESERVE B O A R D August 15, 1917.. My dear Mr*. I am enclosing proof of an analysis of the State laws regulating the reserves required of State hanks and trust companies. This analysis will probably be published in the next Federal Reserve Bulletin for the informa tion of tlje banks* To prevent any inaccuracies, I will be greatly obliged if you will let me know if it is correct, in so far as it affects the States in your Federal Reserve District. Jf not, please call atten tion to any changes that should be made. The Bulletin goes to press about August 28th and if it possible I should like to have it ready for that issue. Sincerely, Counsel