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W. P. G. HARDING, G O V E R N O R
PAU L M. WARBURG, VICE G O V E R N O R
FREDERIC A. DELANO
ADOLPH C. M ILLER
CHARLES S. HAMLIN

E X -O FFIC IO M EMBERS
WILLIAM G. McADOO
S e c r e t a r y o f th e T r e a s u r y
C H A IR M A N

JOHN SKELTON W ILLIAM S

FEDERAL RESERVE BOARD

C O M P TR O LLER O F T H E C U R R E N C Y

WASHINGTON

H. PARKER W ILLIS , S E C R E T A R Y
S H E * M A X * . f ALLE N . A S S T . S E C R E T A R Y
-k -A iw f ijlt A L A g e n t

AD D RESS R EP LY TO

FEDERAL RESERVE BOARD

July 13, 1917.

Dear SirtThis morning I wired you as follows, which I now confirm:
"You may discontinue daily statements " y
b
wire until July twenty-seventh; resume
them July twenty-eighth to thirty-first
inclusive; then discontinue; resume
again August fourteenth to seventeenth
inclusive; then discontinue and resume
again August twenty-eighth to September
second inclusive."
The Board appreciates the additional work that these
statements entail upon your force, but deems it important
that it keep in close touch with the situation during those
periods when payments are being made on account of Liberty
bond subscriptions.

The Board requests that care be ta­

ken to resume the telegraphic advices on the dates above
indicated.




Very truly yours,

Governor.