Full text of Mimeograph Letters and Statements of the Board : Cir. Letter From Governor, Federal Reserve Board, Aug. 13, 1917, to Federal Reserve Banks, Enclosing Request From Secretary of Treasury, That Close Attention Be Given to Shipments of Gold & Remittances to Foreign Countries, & That a Report of Same Be Forwarded to Board, Number X-327, Volume 6, Page 2670

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Ex-Officio Members

W. P. G. HARDING. G O V E R N O R
PA U L M . WARBURG. VICE G o v e r n o r
FREDERIC A. DELANO
ADOLPH C. M ILLER
CHARLES S. HAMLIN

W ILLIAM G. McADOO
Secr etar y o f th e T r easur y
C H A IR M A N

JOHN SKELTON W ILLIAM S

FEDERAL RESERVE BOARD

Com ptr o ller o f th e C u r r en cy

WASHINGTON

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

£-327

and

F is c a l A g e n t

ADDRESS REPLY TO
FE D E R A L RESERVE BO AR D

August 13, 1917♦

Dear Sir:
The Board has received the fallowing communication
from the Secretary of the Treasury}
nIt seems important that close attention he given
to shipments of gold and to remittances to foreign
countries, and I am therefore requesting that the Federal
Reserve Board communicate with the Federal reserve hanks
urging that they keep in touch as closely as possible
with transactions of this character and report them to
the Board for my information as well as for the use of
the Board.”
You are accordingly requested to continue the close
supervision that you have hitherto exercised over shipments of
gold and remittances to foreign countries.

It seems especially

desirable that you request the hanks and foreign exchange houses
of your district to keep you advised of transactions of this kind,
in order that you may tabulate them and report them to the Board.
Legislation is pending which, if enacted, will give the Federal
reserve hanks the legal right to call for this information®




Very truly yours,

Governor.