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MMBOQBAEH LETTERS MD S Z A W K 3
ISSUED BY
2HB FEDERAL EESEBVE BOARD
JMUAHY 1916 - BBGBMBBE 191?
(In four volumes)
VOL. I . -

THIS BOOK IS THE
PROPERTY OF THE
FEDERAL RISERVE BOARD
AND NOT TO BE
REMOVED FROM THE
BOARD'S OFFICES.




VIII

Page

500

L e t t e r re payment of dividends by Federal
Reserve Banks

838

502

l e t t e r from P i e r r e Jay re trade acceptances
drawn by s e l l e r s of goods i n the Orient

840

509

L e t t e r re reporting monthly earnings and
expenses of Federal Heserve Banks

841

511

Analysis of Reserve City s i t u a t i o n

843

512

L e t t e r re u n f i t Federal reserve notes

852

513

Letter re mutilated Federal reserve notes

855

515

Form of Resolution conferring a u t h o r i t y
indicated in Paragraph IV of the procedure
involving the d i s p o s i t i o n of u n f i t Federal
reserve notes

856

Form of Power of Attorney conferring a u t h o r i t y
indicated in Paragraph V of the procedure
involving the disposition of u n f i t Federal
reserve notes

854

521

Analysis of condition of National and other
member banks of the Cleveland D i s t r i c t

857

522

Memorandum

862

553

General scheme of check c o l l e c t i o n and
c l e a r i n g under the Federal Reserve Act

866

554

Letter re redemption of f i t notes out of
Redemption Fund of each bank

559

L e t t e r to Governor and opinion of Counsel
re Section 5211 of the Revised S t a t u t e s

561

L e t t e r re t r a n s f e r of banks i n F a i r f i e l d
County, Connecticut, from D i s t r i c t Ho. 1
to D i s t r i c t Ho. 2

Stencil
Ho.

516

562

Statement f o r the press re f i r s t above

869
871

873
874




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IX

Page

Bo.
567
568
569
586
587

A b i l l to limit the use of the word
"Federal"
Amendment to Section 22.
Amendment to Paragraph 31 of Section 4 of
Pre
a>v - Press Sf ater*.ent Sf eeeh »f tu, O, HyrAvvsi™
Memorandum of various plSfis f o r the
c l e a r i n g and c o l l e c t i o n of checks
Letter re withdrawal of a p p l i c a t i o n s f o r the
sale of "bonds through the Treasurer of the
United States

875
876
877
878

959

589

Letter r e proper e n t r i e s to hejnade on Forms
34 and FRA-5 n
.
%
9
6
0

593

L e t t e r re t r a n s f e r of bank from Dallas D i s t r i c t

965

594

L e t t e r re r e s o l u t i o n in connection with s a l e
of U. S. bonds

966

595

Be solution adopted by Federal Be serve Board
Tuesday, March 28, 1916

967

The present cotton s i t u a t i o n - speech of
W.P.G-.Harding a t Birmingham, Ala., March
10,1916

968

Memo, re payment of dividends by Federal
Reserve banks, payments upon new stock
subscriptions and upon stock surrendered

989

Letter to Governor from Acting Commissioner
i n v i t i n g a t t e n t i o n to paragraph I of
E. D. 2170

995

606

Letter re plans i n connection with check
clearing and c o l l e c t i o n

996

609

L e t t e r re deposits,by national banks, to
the c r e d i t of the Five Per cent Fund

997

601

602

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X

Page

No.
610

Letter re copy of report of examination of
each Federal Reserve Bank to be given to
the respective bank

999

611

Collection of out of town checks by Federal
Reserve Banks - by W. P. 6. Harding

1000

612

Letter to Governor from Treasurer re
payments to Gold Settlemen Fond

1005

616

Opinion of Attorney General re questions
in connection with Federal Reserve Board
power

1006

Letter from Asst. Sec., Apr. 15, 1916, re
design for stock c e r t i f i c a t e s & estimate
of Bureau of Engraving & Printing for
same.

1018

Memo, of general principles to be followed
in preparation of a check clearing and
collection plan

1019

620

Letter re neutrality of the United States

1022

622

The Banker and the Public - Address of
Milton C. E l l i o t t , May 2nd.

1029

624

The Banker and the Law - Address of
Milton 0. E l l i o t t , April 29, 1916

1047

626

Outline of the plan of clearing and check
collection adopted by Federal Reserve Board

1070

631

Memo, on proposed amendments to Section 16 of
Federal Reserve Act now under consideration
by Federal Reserve Board

1072

Statement for the press re circular announcing
plan for country-wide check clearing and
collection

1118

635

Letter re clearing circulars

1119

636

Letter re reports of condition of member banks

1120

637

A Prognostication - by F. A. Delano

1121

617

618

633




Stencil

XL

Bo.
638

Condensed summary of the Memo, of
Chas. 3. Hamlin, dated May 1 s t , re
proposed amendments to Section 16, of
Federal Reserve Act

1122,

639

L e t t e r i n connection with r e l e a s e of U. S.
bonds securing c i r c u l a t i o n

1129

640

L e t t e r t o State Member Banks r e r u l e s re
p e r i o d i c a l r e p o r t s of condition

1130

642

Statement by Mr. Warburg re conference a t
Buenos Aires

1132

645

A B i l l to amend the Federal Be serve Act

1136

646

Comments on Governor Hamlin* s b r i e f on the
note issue amendments

1140

648(a) Amendment to Federal Reserve Act

1150

655

L e t t e r and a n a l y s i s of Federal Farm Loan
Act as passed by the Senate, by Counsel

1153

657

..lemarks of Hon. Paul M. Warburg a t Economic
Club dinner May 22, 1916

1164

658

How the Federal Be serve System i s meeting
the requirements - address of A.C.Miller

1183

660

Suggested form of reply to i n q u i r i e s r e l a t i v e
to new c l e a r i n g and c o l l e c t i o n plan (Prepared by Mr. Harding)

1233

L e t t e r r e p e t i t i o n of c e r t a i n banks i n
Wisconsin f o r change i n geographical l i m i t s
of D i s t r i c t s Eos. 7 and 9

1238

In matter of p e t i t i o n of c e r t a i n banks i n
Wisconsin f o r modification of D i s t r i c t s
Eos. 7 and 9

1239

665

666




Stencil

HI

Page

Mo.
667

L e t t e r to Governor a t Kansas City
re c o l l e c t i o n charges

1341

668

Letter to Governor a t Chicago from
Committee on Clearing

1243

672

L e t t e r to FHAgent a t Cleveland re question
of country bank reserve

1247

Address of W.P.G.Harding before Alumni
Society of University of Albania —
"Efficiency and I n d u s t r i a l Preparedness"

1249

681

The Federal Reserve System and the Banks
- address of Hon.Paul M.Warburg

1270

682

Memo, f o r the Board in re i n t e r p r e t a t i o n
to be given to " s u b s t a n t i a l competition"
as used in recent amendment to Clayton
Act

1338

683

L e t t e r re re-hearing of Connecticut bankers

1352

684

Memo, on Section 8 of the Clayton Act

1353

691

L e t t e r from a Worcester, Massachusetts,
n a t i o n a l Bank

1361

694

L e t t e r r e changes necessary i n Form 34

1362

699

A consideration of merits of question whether
FEderal Reserve notes should or should not
be acceptable a s reserve money - f i r s t d r a f t

1364