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Ex -O f f ic io M e m b e r s W. P. G . HARDING, GOVERNOR PAUL M. Wa r b u r g , V ic e G o v e r n o r FREDERIC A. DELANO l O S ® 01- ™ c - m i l l e r CHARLES S . HAMLIN WILLIAM G. McADOO Secr etary of the T r e asu r y C h a ir m a n JOHN SKELTON WILLIAMS FEDERAL RESERVE BOARD COMPTROLLER OF THE CURRENCY H. PARKER WILLIS, SECRETARY SHERMAN P. ALLEN, ASST. SECRETARY and WASHINGTON Fis c a l A g e n t A D D R E SS R E P L Y TO FEDERAL RESERVE BOARD February l6, I9 1 7 . Sir: The Treasurer of the United States has advised the Federal Reserve Board that his office will be pleased to extend the privilege of transfers of funds to the Fed eral reserve banks situated in subtreasury cities, payment to be made in the same form of currency as that deposited and in such denominations as may be available at the time payment is made. request; Such transfers will be made by wire upon but the expense of telegrams must be borne by the depositing bank. This cooperation by the Treasurer will facilitate deposits of currency by Federal reserve banks in a subtreas ury city with the subtreasury therein, for payment in simi lar currency to a Federal reserve bank in another subtreasury city through the subtreasury there located. The Board has asked that it be kept informed, as far as practicab le, of the amounts and denominations of currency available in each subtreasury. Respectfully, Governor-
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