The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
u W. P. 6. HARDING. GOVERNOR PAUL M. WARBURG, VICE GOVERNOR FREDERIC A. DELANO ADOLPH C. MILLER CHARLES S. HAMLIN e x -o f f i c io m e m b e r s WILLIAM 6. McADOO SECRETARY OF THE TREASURY CHAIRMAN JOHN SKELTON WILLIAMS H. PARKER WILLIS. SECRETARY SHERMAN P. ALLEN. ASST. SECRETARY AND FISCAL AGENT FEDERAL RESERVE BOARD COMPTROLLER OF THE CURRENCY AD D R E SS R E P L Y TO W A S H IN G T O N FEDERAL RESERVE BOARD April 21, 1917. Dear Sir: In the report of the last audit of the Gold Settle ment Fund it was suggested that the gold certificates of which the Fund is made up be sealed in packages by the audi tors and that the contents of such sealed packages,, unless seals were broken, need not be counted on the occasions of future audits. The arrangement would greatly facilitate the work of the auditors. At the last meeting of Governors of Federal reserve banks in Washington the sealed package plan was approved. After a consultation with the Chief of the Division of Audit and Examination the Board is prepared to approve the plan above set forth, provided the auditors give final and unconditional certificates as to the presence of the certificates. If you approve this plan as recommended, please indicate your approv al upon receipt of this letter. Very truly yours, Governor.
@FedFRASER