The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
4 X-7474 COPY June 22, 1933 C u r t i s s - Boston Case - New York Austin - P h i l a d e l p h i a Williams «- Cleveland Hoxton - Richmond Newton - A t l a n t a Stevens - Chicago Wood - S t . Louis Peyton - Minneapolis McClure - Kansas City Walsh - D a l l a s Newton - San Francisco TRANS. 1827 In response t o i n q u i r y from Governor Young, Board has r u l e d t h a t under Section 9 of Federal Be serve Act, as amended "by Section 5(c) of Banking Act of 1933, examiners s e l e c t e d or approved "by Federal Reserve Board must make such examinations of the a f f a i r s of a l l a f f i l i a t e s of S t a t e member 'banks as s h a l l be necessary t o d i s c l o s e f u l l y the r e l a t i o n s between such banks and t h e i r a f f i l i a t e s and the e f f e c t of such r e l a t i o n s upon the a f f a i r s of such banks, and such examinations must be made i n connection with examinations of S t a t e member banks. MORRILL
@FedFRASER