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EX OFFICIO MEMBERS CARTER GLASS SECRETARY OF THE TREASURY CHAIRMAN w . P. 0 . HARDING, GOVERNOR ALBERT STRAUSS, VICE GOVERNOR ADOLPH C. MILLER CHARLES S. HAMLIN HENRY A. MOEHLENPAH FEDERAL RESERVE BOARD JOHN 3KELT0N WILLIAMS COMPTROLLER OF THE CURRENCY A D D R E S S REPLY TO FEDERAL RESERVE BOARD W. T. CHAPMAN, SECRETARY R. G. EMERSON, ASSISTANT SECRETARY W. M. INLAY, FISCAL AGENT WASHINGTON December ,1919- 3U1778 CONFIDENTIAL Dear S i r By d i r e c t i o n of the Federal Reserve Board, I enclose f o r your information a statement c o n t a i n i n g a l i s t of the n a t i o n a l banks i n your d i s t r i c t which on November 17, 1919 were loaning funds i n New York on stocks and bonds as c o l l a t e r a l d i r e c t l y and i n d i r e c t l y , The statement a l s o shows the amount, of b i l l s payable and r e d i s c o u n t s with you, and b i l l s payable with other banks as of the same date* Very t r u l y yours, Secretary. L e t t e r to Chairmen of a l l F.R. Banks,