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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