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Ex-Officio Members W. P G. HARDING. GOVERNOR PAUL M. WARBURG. VICE GOVERNOR FREDERIC A. DELANO ADOLPH C. MILLER CHARLES S. HAMLIN WILLIAM 6. McADOO SECRETARY OF THE TREASURY CHAIRMAN JOHN SKELTON WILLIAMS COMPTROLLER OF THE CURRENCY H. PARKER WILLIS. SECRETARY SHERMAN P. ALLEN. ASST. SECRETARY FEDERAL RESERVE BOARD and W A S H IN G T O N ADDRESS REPLY TO x~6i FEDERAL RESERVE BOARD March 30, 1 9 1 7 . Dear Sir: Referring to circular letter No. X- 5 2 dated March 21st., addressed to Governors of Federal reserve banks, your attention is called to letter from the Quar termaster General, dated March 19, copy of which is in closed herewith, which you are requested to bring to the attention of your Executive Committee, in order that the information contained therein may be given to your mem ber banks or to any of them that would be interested. Very truly yours, Governor. Inclosure. Fis c a l a g e n t