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47
INDEX TO MIMEOGRAPH LETTERS, JULY - DECEMBER, 1937 .
' Page
Abstract or hypothetical questions, no rulings to be issued by Board

S-39

472

R-70

139

R-132

332

R-139

358

R-98

209

Federal Reserve Responsibilities

R-113

249

Technique of Credit Regulation

R-109

228

Affiliates, condition reports, terms of waiver applicable to reports, amended

S-52

499

Agricultural and commodity prices, expression of Board's views on
S. 1990 to stabilize

R-47

94

R-132

332

R-139

358

Bonds with call prices under Comptroller's regulation on investment securities

S-53

501

Different lots of bonds of same issue under Comptroller's
regulations

S-28

446

R-97

207

Accounts, Board of Governors:
Auditor's report for period January 1 to July 31, 1937
Addresses:
Eccles, Marriner S., at American Farm Bureau Federation meeting
Copies sent FRBanks
President Roosevelt, at formal opening of Board's building,
copies sent to FRBanks
Szymczak, M. S.:

Agricultural loans:

(See Loans)

American Farm Bureau Federation:
Address of Chairman Eccles at meeting of
Copies sent FRBanks
Amortisation of premiums:

Annual reports:
Board of Governors for 1937, request that FRBanks furnish data
for



47
—2—
Page
Assessments:
FRBanks to cover expenses of Board for first six months of 1938 R-147

401

Audits:
Board of Governors accounts, report for period January 1 to
July 31, 1937

R-70

139

FRnotes, incomplete notes on hand at Bureau of Engraving and
Printing

R-46

91

June

R-33

8

July

R-52

101

August

R-82 .156

September

R-93 187

Bank relations reports, monthly:

October

R-114 270

November

R-144 380

Board of Governors:
Accounts, audit report for period January 1 to July 31, 1937

R-70 139

Agreements with nonmember banks under Securities Exchange Act of
1934, changes in list of:
July

R-43

81

September

R-87

179

October

R-106

225

November

R-122 296

Annual report for 1937, request that FRBanks transmit data for

R-97 2O7

Building:
Description of

R-45

Formal opening, copies of address made by President
Roosevelt

R-98 209




84

47
-3Page
Board of Governors:

(Continued)

Expenses, assessment on FRBanks to cover for first six months
of 1938

R-147 401

Meetings with directors and officers of FRBanks

R-124

318

Members:
Eccles, Marriner S., Chairman:
Address before American Farm Bureau Federation
Copies sent FRBanks
Statement that article in banking publication is untrue

R-132 332
R-139

358

R--10? 226

Szymczak, M. S.:
Address on Federal Reserve Responsibilities

R-113

249

Address on Technique of Credit Regulation

R-109

228

Bonds with call prices under Comptroller's regulation on investment securities

S-53

501

Different lots of bonds of same issue under Comptroller's
regulations

S-28 446

Rulings:

(See Rulings, Board of Governors)

Bonds, amortizing premiums on;

Branch banks, domestic:
State member banks, forms for reporting deposits at time of
next call date

R-141

361

R-137

353

Copies of address made by President Roosevelt at formal opening

R-98

209

Description of

R-45

84

Budgets, FRBanks, 1938
Building of Board of Governors:




47
•—4~
EMS
Bureau of Engraving and, Printing:
FRnotes, cost of preparing for:
June

R-29

2

July

R-51

99

August

R-77

149

September

R-92

185

October

R-110

244

November

R-130

329

June .ana first three weeks of July

R-37

26

July and first three weeks of August

R-59

122

August and first three weeks of September

R-84

174

September and first three weeks of October

R-100

211

October and first three weeks of November

R-117

287

November and first three weeks of December

R-145

396

Certificates of deposit for stock, question of being registered
securities

S-36

462

Certified check deposited in temporary satisfaction of demand for
margin and later replaced with stocks

S-42

430

R-105

222

FRBank of Dallas, incorporation of Board ruling in general circular to member banks
R-105

222

Business and financial conditions, summary based on statistics for:

Circulars:
Board of Governors, incorporation of Board ruling by FRBank
Dallas in general circular to member banks

of

Clearing and collection:
Interdistrict time schedule, change reducing time between St.
Louis and Nashville



R-68 180

47
-5Page
Code words:
Marsoon and Marsope, meaning of

S-56

.506

Treasury bills, words covering new issues of

R-30
R-34
R-36
R-42
R-4S

4
23
25

30
9 5

R-56
R-63
R-67
R-73
R-74

93
119
132
136
144
145

Kr-78

1 5 1

R-50

R-35 177
R-86 173
R-89 131
R-91 134
R-95 205
R-104 221
R-108 227
R-lll 246
R-115 285
R-118 291
R-121 295
R-127 325
R-131 331
R-136 352
R-148 403
Coin:
Shipping expense and movement, report of Committee on Free Services of Presidents' Conference concurred in by
Board

R-28

Committees:
Presidents' Conference:
Free Services, report on shipping expense and movement of
coin and currency concurred in by Board

R-28

Interim, consisting of Messrs. Hodgson, Earhart and Kimball
to prepare report on making rulings of Board
readily available, etc.

R-44




32

47

Committees:

(Continued)

Trust investment committees of national banks, appointment of
alternates
Common trust funds:

S-18 427

(See Trust funds)

Condition reports:
Affiliates, terms of waiver applicable to reports, amended

S-52 499

State member banks:
Agricultural loans and farm real estate data requested as
of next call and forms sent FRBanks

R-134 349

Branches, forms for reporting deposits of

R-141 361

Forms sent FRBanks

R-71 141

Conferences, Presidents:
Recommendations, report of committee on establishing loose leaf
service of Board's rulings, etc., approved

R-44

32

Consumers paper, rediscount by FRBanks

S-49 489

Criminal violations, reporting to Federal Bureau of Investigation

R-62 128

Reports by FRBanks

S-12 412

Reports by FRBanks to FBI

S-14 416

Currency, shipping expense and movement, report of Committee on Free
Services of Presidents' Conference concurred in
by Board
Dekker, E. N.:

R-28

1

R-141

361

(See National banks, National City Bank of Cleveland,
Ohio)

Deposits:
Branches of State member banks, supply of forms for reporting
Demand, matured bonds and coupons, treating as cash items in
process of collection so as to be deductible
from gross demand deposits in computing reserves




S-2?

47
-7Pa,?e
Deposits:

(Continued)

Savings accounts:
Classification of deposits of certain organizations as,
under Regulation Q

S-41 476

Mutual associations, classification of deposits as, cannot
be done under Regulation Q

S-45 484

Poor district funds, classification of deposits as

S-46 485

Railroad Employees National Pension Association, classification of local chapter funds as
S-47 486
Ruling of Board may be incorporated by FRBank of Dallas in
general circular to member banks

R-105

222

Destruction of records:
Working papers compiled by examiners for FRBanks in course cf
field examinations, word "records" should not
apply to

8-16 424

Directors:
FRBank of Philadelphia:
McCabe, Thomas B., Class C, appointment for unexpired
portion of term ending December 31, 1939

R-58

121

FRBanks:
Appointments for terms specified

R-152 407

Chairmen and Deputy Chairmen, appointments for 1938, and
directors of FRBanks and branches

R-152 407

Meetings with Board of Governors

R-124

318

FRBranch banks:
Appointments for terms specified

R-152 407

Birmingham:
Norton, Edward L., appointed director for unexpired
portion :>f term ending December 31# 1937



R-54 116

47
-8-

Page
Directors:

(Continued)

FRBranch banks:

(Continued)

Detroit:
Pierson, H. Lynn, appointed director for unexpired portion of term ending December 31, 1939

R-35

24

R-38

29

Los Angeles:
Newman, Carl V., appointed director for unexpired portion of term ending December 31, 1937
Nashville:
Austin, Clyde, appointed director for unexpired portion of terra ending December 31, 1938

R-54 116

McEwen, W. E., appointed for unexpired portion of term
ending December 31, 1939

R-54

116

R-54

116

Oklahoma City:
Roberts, Clarence, appointed for unexpired portion of
tern ending December 31, 1938
Discount rates:

(See Rates, FRBanks)

Earnings and dividends reports of FRBanks:
State member banks, forms for reporting last six months of 1937

R-149 404

Earnings and expenses of FRBanks:
1914-1935, condensed comparative reports only to be prepared

R-126

Manual of instructions governing preparation of reports, revised pages forwarded

R-151 406

Revised pages for manual cf instructions

322

S-50 492

Examinati on s:
Working papers compiled by FRBank examiners, not considered
records for purposes of destruction




S-16 424

47
-9Page
Examiners, State banks:
FRBulletin, complimentary copies to be sent to, during 1938
Excess or marginal collateral, clarification of Board's requirements re reporting under Regulation A

R-119

292

S-44 483

Executive officers:
Inactive officers cannot be excluded from provisions of Regulation 0

S-59 512

Loans to, authority to borrow up to $2500 and permitting authority to continue in full force until revoked

S-34 458

Exempted securities cannot be replaced with registered nonexempted
securities without additional collateral
Farm real estate, data requested in next condition report and forms
sent FRBanks

S-43 482
R-134 349

Federal Bureau of Investigation:
Criminal violations, reporting of

R-62 128

Criminal violations, reports by FRBanks

S-14 416

FRAgents:
Appointments for 1938
Indebtedness and outside business relations of Agents and employees in their departments

R-152 407
S-19 429

FRBank of Kansas City:
Industrial loan questionnaire, copies of replies to FRBank and
to National City Bank of Cleveland, Ohio

R-103

218

R-147

401

June

R-33

8

July

R-52 101

FRBanks:
Assessment to cover expenses of Board for first six months of
1938
Bank relations reports, monthly:




47
-10-

FRBanks:

(Continued)

Bank relations reports, monthly:

(Continued)
R-82 156

August
September

* R-93 187

October

R-114 270

November

R-144 380

Budgets for 1938

R-137

353

Comments on revision of Regulation A

S-38 466

Criminal violations, reports of

S-12 412

Daily balance sheet, form 34 revised

S-50 492

Earnings and expenses:
1914-1935) condensed comparative reports only to be prepared R-126

322

Manual of instructions governing preparation of reports, revised pages forwarded
R-151 406
Revised pages for manual of instructions
FRAgents Departments, employees, indebtedness and outside business relations

S-50 492
S-19 429

Functional expense reports:
R-80

154

Manual of instructions, revised sets will be sent FRBanks

R-146

400

Revised forms will be sent FRBanks when completed

R-I46 400

Compilation for first half of 1937

Holidays:

(See Holidays)

Officers and employees, number and salaries, forms for reporting to Board

R-135

Profits or losses, 1914-1935, forms enclosed for complete inf ormation

R-126 322




350

47
-11-

Page
FRBanks:

(Continued)

Salaries of officers and employees, forms for reporting to
Board

R-135

350

Staff:
Chairmen and Deputy Chairmen for 1938

R-152 40?

Officers, meetings with Board of Governors

R-124 318

FRBulletin:
Business and financial conditions, summary based on statistics
for:
June and first three weeks of July

R-37

26

July and first three weeks of August,

R-59

122

August and first three weeks of September

R-84 174

September and first three weeks of October,

"

R-100

211

October and first three weeks of November

R-117

287

November and first three weeks of December

R-145

396

R-119

292

R-46

91

June

R-29

2

July

R-51

99

August

R-77

149

September

R-92

185

October

R-110

244

November

R-130

329

State bank examiners, complimentary copies to be sent to, during 1938
'
FRnotes:
Audit of incomplete notes on hand at Bureau of Engraving and
Printing
Cost of preparing for:




47
-12-

Page
Federal Reserve Responsibilities, address by Mr. Szymczak before
Municipal Bond Club of New York

R-113 249

Fiduciary powers:
Note of director constituting asset of trust for which bank
has been named trustee, question of renewing
Field offices of Federal Bureau of Investigation
Finance company paper, eligibility for rediscount under Regulation A

S-22 434
R-62b 130
S-51 497

Foreign banking corporations:
Reserves, amendment to Regulation K setting requirements at
percentage required of member banks in
central reserve cities

S-21 433

Forms:
Budget for 1938, supply of forms R-137&, 137b and 137c sent to
FRBanks

B-137 353

Condition reports of State member banks:
Forms sent FRBanks
Additional forms for reporting agricultural loans and farra
real estate data

R-71

1/|"l

R-134 349

Branches, forms for reporting deposits as of next call date R-141 361
Copies required during 1938

K-96 206
R-99 210

Functional expense reports, revised forms will be sent FRBanks
when completed

R-I46 400

Manual of Instructions Governing Preparation of Earnings and
Expense Reports by FRBanks, revised pages for

R-151 406

Revised pages forwarded
Manual of instructions governing preparation of functional expense reports, revised sets will be forwarded
to FRBanks




S--50 492

R-I46 400

47
-13Pag_e
Forms:

(Continued)

Officers and employees of FRBanks, summary statement of number
and salaries
Schedule of rates, forms sent FRBanks for reporting each month

R-135

350

S-29 449

Transmitted to FRBanks for use during 1938

R-15G 405

34> revised copies for use during 1938

B-129

Revision of

328

S-50 492

105h, deposits of branches of State member banks, supply
forwarded
'

R-I41

36.I

107, Earnings and dividends reports of State member banks,
forms for reporting for last six months of 1937 R-I49 404
220b, reports of affiliates of State member banks, terms of
waiver amended
Functional expense reports, FRBanks:

3-52 499

,

Compilation for first half of 1937

R-80 154

Manual of instructions, revised sets will be forwarded to
FRBanks

R-I46 400

Revised forms will be sent FRBanks when completed

R-I46 400

Government securities:
Stolen bonds, copy of letter addressed to FRBank of San Francisco
Treasury bills:

326

(See Treasury bills)

Holding company affiliates, voting permits to cover banks acquired
subsequent to acquisition of general voting
permit




R-128

S-33 454

47
—1.4—
Page
Holidays:
Board of Governors:
January 1, offices of Board to be closed

R-13S

357

Labor Day, offices to be closed

R-53

135

Thanksgiving to be observed on November 25, 1937

R-94 203

Christmas, offices to be closed

R-116

286

Christmas Eve, offices of Board to be closed

R-133

348

August

R-32

7

September

R-53

115

October

R-76 148

November

R-94 203

FRBanks, dates to be observed by FRBanks and branches:

December

R-116

286

January

R-138

357

Indebtedness and outside business relations:
FRAgents and employees in Agent's department, copy of letter to
FRBank of Dallas
Industrial loans:

S-19 429

(See Loans, Industrial advances)

Interdistrict time schedules:

(See Clearing and collection)

Interlocking directorates:
Morris plan banks, reconsideration of exception contained
in Regulation L
Service under Banking Act of 1935, relationship which has been
terminated cannot be resumed




R-125

320

S-58

510

47
-15Page
Interpretations:
Regulation D:
Matured bonds and coupons, treating as cash items in process
of collection in computing reserves under regulation

S-27 444

Regulation F:
Investment of trust funds in concerns in which bank directors are interested

S-24 438

Note of director constituting asset of trust for which bank
has been named trustee, question of renewing

S-22 434

Trust funds, investment in real estate mortgage loans purchased through company of which bank director
is chairman of board

S--25 440

Regulation 0:
Loans to executive officers, authority to borrow up to $2500
and permitting authority to continue until revoked

S-34 458

Regulation Q:
Deposits of mutual, associations may not be classified as savS-45
ings deposits

434

Deposit of poor district classified as savings deposit

8-46 485

Funds of Railroad Employees National Pension Association
classified as savings deposits

S-47 486

Regulation T:
Certificates of deposit for stock and stamped stock as registered securities in plan of consolidation of two
corporations
S-36 462
Clearance of securities, effecting transactions involved in
a special cash account

S-23 436

Credit provided in section 5(b) may be maintained without
regard to date provided in section 5(d)

8-17 426




47
-16-

Page
Interprotations!
Regulation T:

(Continued)
(Continued)

Customer is incorporated securities fira, securities and
short sales need not be denied loan value or
excluded from account as those of a "partner"

S-57 509

Legend on stock indicating acceptance of offer to exchange,
permitting holder of restricted account to have
stamped
S-35 459
Replacement of exempted securities with registered nonexempted securities cannot be permitted without
additional collateral

S-43 432

Statement of member may be used in lieu of customer's statement if it states he believes facts to be as
required to be stated by customer

S-55

Time within which securities should be considered to have
acquired loan value

S-13 414

Transactions constituting bona fide arbitrage transactions
within meaning of regulation

5-20 431

505

Regulation U:
Cashier's check as collateral for loan whose maximum, loan
value is less than amount of loan, reinvestment
of check forbidden

S-32 453

Certified check deposited in temporary satisfaction of demand
for margin and later replaced with stocks
S-42 480
Depreciation in collateral for loan, transfer of wife's account to bank to make up for

S-37 464

Loan made on stock registered on national securities exchange which has since become unregistered

S-54 504

Loan made to purchase stock, question whether substitution
of cash for stock collateral constitutes new
loan

S-2.6 442

Loan made prior to Securities Exchange. Act of 1934, applicability of regulation to

S-31 452




47
-17-

Interpretations:

(Continued)

Regulation U:

(Continued)

Shares* of a Massachusetts cooperative bank should be considered stock
Transfers of loans under regulation
Investment securities:
Amortization of premiums on:
Bonds with call prices under Comptroller1s regulation
Different lots of bonds of same issue under Comptroller's
regulation
Leased wire system:
Code words:
Marsoon and marsope, meaning of
Treasury bills, words covering new issues:
bills)

(See Treasury

Expenses:
June
July
August
September
October
November
Legislation:
Agricultural and commodity prices, expression of Board's view
on S. 1990 to stabilise




47
—IS—
Page
Loans:
Agricultural, data requested in next condition report and forms
sent FRBanks
R-134
Depreciation in collateral, transfer of wife's account to bank
to make up for

349

S-37 464

Executive officers:
Authority to borrow up to $2500 and permitting authority to
continue in full force until revoked

S-34

458

Inactive officers cannot be excluded from provisions of
Regulation 0

S-59

512

FRBanks requested to give sympathetic consideration to applications since RFC has discontinued making
S-40

474

Questionnaire, replies to letters from FRBank of Kansas City
and National City Bank of Cleveland, Ohio
R-103

218

Reconstruction Finance Corporation may not make any further
advances

S-40

474

Loose-leaf service of Board's rulings, interpretations, etc., to be
established and maintained

R-44

82

R-126

322

R-151

406

S-50

492

Instructions Governing Preparation of Functional Expense Reports,
revised sets will be forwarded to FRBanks
R-146

400

Industrial advances:

Losses at FRBanks, forms for report for prior years
Manuals:
Instructions Governing Preparation of Earnings and Expense Reports by FRBanks, revised pages for
Revised pages forwarded

Margin requirements:
Change by amendment to supplement of Regulation U




R-101

214

47
-19-

Margin requirements:

(Continued)

Regulation T, amendment changing maximum loan values adopted

R-102 215

Marginal collateral required in connection with advances or discounts, proposed letter to be sent to FRBanks
after issuance of Regulation A

R-41

Massachusetts co-operative bank, shares should be considered as
"stock"

S-30 451

36

Meetings:
Directors and officers of FRBanks with Board of Governors, letter to FRBanks for suggestions
R-124

318

Morris Plan banks:
Interlocking directorates, reconsideration of exception contained in Regulation L
Municipal Bond Club of New York, address by Mr. Szymczak before

R-125

320

R-113

249

Mutual associations, classification of deposits as savings deposits cannot be made

S-45 484

National banks:
Common trust funds, amendment to Regulation F permitting operation, tentative draft of proposed amendment
R-79
Amendment to Regulation F permitting investment in

R-142

152
362

National City Bank of Cleveland, Ohio, industrial loan questionnaire, copies of reply to Mr. E. N. Dekker
R-103 218
Trust investment committees, appointment of alternates
National securities exchanges, tentative draft of Regulation T to
be submitted to, for comments and suggestions

S-18 427
R-39

30

July

R-43

81

September

R-87 179

Nonmember banks, agreements with Board under Securities Exchange Act
of 1934, changes in list for:




47
-20

Page
Nonmember banks, agreements with Board under Securities Exchange Act
of 1934, changes in list for: (Continued)
October

R-106

November

R-122 296

225

Objectives of monetary policy, expression of Board's views

R--47

Poor district funds, classification as savings deposits

S-46 485

94

Premiums, amortisation of:
Different lots of bonds of sane issue under Comptroller's
regulations

8-28 446

President of United States:
Address at formal opening of Board's building, copies sent to
FRBanks

R-98

209

Press statements:
Austin, Clyde, appointed director of Nashville Branch

R-54 116

Business and financial conditions, summary based on statistics
for:
June and first three weeks of July

R-37

26

July and first three weeks of August

R-59

122

August and first three weeks of September

R-84 174

September and first three weeks of October

' R-100 211

October and first three weeks of November

E-II7

287

November and first three weeks of December

R-145

396

Chairmen and Deputy Chairmen for 1938 and directors of FRBanks
and branches

R-152 407

Eccles, Marriner S., statement that article in banking publication is untrue
'

R-107

2.26

Margin requirements changed

R-101

214




47
-21-

'age
Press statements:

(Continued)

McCabe, Thomas B., appointed director of Federal Reserve Bank
of Philadelphia

121

McEwen, W. E., appointed director of Nashville Branch

116

Newman, Carl V., appointed director at Los Angeles Branch

29

Norton, Edward L., appointed director of Birmingham Branch

116

Pierson, H. Lynn, appointed director of Detroit Branch

24

Rediscount rates:
FRBank of Atlanta reduced

117

FRBank of Boston reduced

134

FRBank of Chicago reduced

117

FRBank of Dallas reduced

133

FRBank of Kansas City reduced

135

FRBank of Minneapolis, reduction approved

120

FRBank of New York reduced

127

FRBank of Philadelphia reduced

138

FRBank of Richmond reduced

126

FRBank of St. Louis reduced

134

FRBank of San Francisco reduced

137

Regulation A, adoption of revision announced

170

Regulation F, amendment permitting national banks to invest in
common trust funds

362

Regulation T:
Amendment to regulation defining terms and amendment to
supplement setting maximum, loan values

215

Revision announced as adopted to become effective January
1, 1938



293

47
-22-

Page
Press statements:

(Continued)

Regulation U:
Amendment to regulation and foreword
Amendment to supplement changing margin requirements
Roberts, Clarence, appointed director of Oklahoma City Branch

E-40

31

R-101

214

R--54 116

Questionnaires: •
Industrial loans, replies to letters from FRBank of Kansas City
and National City Bank of Cleveland, Ohio

R-103

218

Railroad Employees National Pension Association:
Funds of local chapter, classification as savings deposits

3-47 486

Rates:
FRBank of Atlanta, rediscount, reduction approved and press
statement issued

R-55

117

FRBank of Boston, rediscount, reduction approved and press
statement issued

R~6f>

134

FRBank of Chicago, rediscount, reduction approved and press
statement issued

R-55

117

FRBank of Dallas, rediscount, reduction approved and press
statement issued

R-64

133

FRBank of Kansas City, rediscount, reduction approved and press
statement issued

R-66

135

FRBank of Minneapolis, rediscount, reduction approved and press
statement issued
ft-37

120

FRBank of New York, rediscount, reduction approved and press
statement issued

R-61

127

FRBank of Philadelphia, rediscount, reduction approved and
press statement issued

R-69

133

FRBank of Richmond, rediscount, reduction approved and press
statement issued

R-60 126




47
-23Esge
Rates:

(Continued)

FRBank of St. Louis, rediscount, reduction approved and press
statement issued

R-65

134

FRBank of San Francisco, rediscount, reduction approved and
press statement issued

R-68

137

Code words used in reporting, meaning of

S-5&

507

Schedule of, forms sent FRBanks for reporting as of each
month

S-29

449

R-134

349

FRBanks:

Real estate, data on farm real estate requested in next condition
report and forms sent FRBanks
Reconstruction Finance Corporation, industrial loans, advice that
corporation may not make any further loans

S-40 474

Rediscounts:
Consumers' paper by FRBanks, discount considered proper although
proceeds of note are used to purchase goods
for use and not for resale

S-49 489

Excess or marginal collateral, clarification of Board's requirements re reporting under Regulation A

S-44 483

Finance company paper, eligibility under Regulation A

S-51 497

Regulation A, revised draft of proposed regulation

R-41

33

Revision adopted, press statement to be issued at later
date

R-81

155

Press statement announcing adoption of revision

R-83

170

Regulations:
Board of Governors:
A:




Comments of FRBanks on proposed revision and considerations influencing Board in reviewing

S-38 466

47
-24Page
Regulations:

(Continued)

Board of Governors:
A:

(Continued)

(Continued)
Excess or marginal collateral, clarification of
Board's requirements with respect to reporting

S-44 433

Revised draft of proposed regulation

R-41

Revision adopted, press statement to be released later

R-81 155

Revision, press statement announcing adoption

R-33 170

Matured bonds and coupons, treating -as cash items in
process of collection so as to be deductible
from gross demand deposits in computing reserves

S-27 444

Amendment permitting operation of common trust funds
by, national banks, tentative draft

R-79

152

R-142

362

33

D:

F:

Amendment adopted
Investment of trust funds in concerns in which bank
directors are interested

S-24 438

Investment of trust funds in real estate mortgage loans
purchased through company of which director is
chairman of board

S-25 440

Note of director constituting asset of trust for which
bank has been named trustee, question of renewing
S-22 434
Trust investment committees, appointment of alternates
for members of

5-18 427

Amendment setting reserves of foreign banking corporations at percentage required of member banks in
central reserve cities

S-2.1 433

K:




47
-25Page
Regulations:

(Continued)

Board of Governors:

(Continued)

L:
Morris Plan banks, reconsideration of exception contained in
Loose-leaf service to be established and maintained by
Board

R-125

32.0

R-44

82

S-59

512

0:
Inactive officers cannot be excluded from tern "executive officers"
T:
Amendment to regulation defining terns and amendment to
supplement setting maximum loan values

R-102 215

Certificates of deposit for stock and stamped stock as
registered securities in plan of consolidation of two corporations

S--36 462

Clearance of securities, effecting transactions involved in •j special cash account

S-23 436

Credit provided for in section 5(b) may be maintained
without regard to date provided in section 5(d) S-l? 426
Customer is incorporated securities firm, securities
and short sales need not be excluded from account as those of "partner"

S-57

Exempted securities cannot be replaced with registered
nonexeniptea securities without additional collateral

S-43 482

Legend on stock indicating acceptance of offer to exchange, permitting holder of restricted account
to have stamped

S-35 459

Revision of, copies of tentative draft of proposed general revision sent FRBanks

R-39




509

30

.
r*

47
-26-

Page
Regulations:

(Continued)

Board of Governors:
T:

(Continued)

(Continued)
Press statement announcing adoption to become
effective January 1, 1938

R-120

29>

R--I2.?

297

Statement of member may be used in lieu of customer's
statement if it states he believes facts to be
as required to be stated by customers

S-55

505

Time as of which securities should be considered to
have acquired loan value

S-13

414

Transactions constituting bona fide arbitrage transactions

S-20

431

Amendment to regulation and foreword

B.-40

31

Amendment to supplement changing margin requirements

R-.1.01

214

Cashier's check as collateral for loan whose maximum.
loan value is "less than amount of loan, reinvestment of check forbidden

S-32

453

Certified check deposited in temporary satisfaction of
demand for margin and later replaced with
stocks

S-42

480

Depreciation in collateral on loan, transfer of wife's
account to bank to make up for

S-37

464

Loan made to purchase stock, question whether substitution of cash for stock collateral constitutes
new loan

S-26

442

Loan made prior to Securities Exchange Act of 1934* applicability of regulation to

S-31

452

Loan made on stock registered on national securities
exchange which has since become unregistered

S-54

504

Transfers of loans under

S-15

420

Mimeographed copies to FRBanks

U:




47
-27Page
Regulations:

(Continued)

Comptroller of Currency:
Investment securities, amortization of premiums on:
Bonds with call prices under

S-53

501

Different lots of bonds of same issue

S-28

446

R-28

1

June

R-33

8

July

R-52

101

August

R-82

156

September

R-93

187

October

R-1.14

2?0

November

R--144

380

Deficiencies, waiver of penalties for

S-48

487

Foreign banking corporations, amendment to Regulation K setting
at percentage required of member banks in central reserve cities

8-21

433

Matured bonds and coupons, treating as cash items in process of
collection under Regulation D

S-2.7

hhh

R-147

401

Reports:
Free services of FRBanks, on shipping expense and movement of
currency and coin, recommendation concurred in
Public relations activities of FRBanks, monthly report for:

Reserves:

Resolutions, Board of Governors:
Assessment on FRBanks to cover expenses of Board for first
six months of 1938




47
-28-

Page
Revised Statutes:
Sec. 5136, advice that S letter had inadvertently omitted
numeral "9"

R-?2

143

Abstract or hypothetical questions, no rulings to be issued

S-39

472

Deposits, classification of those of certain organizations as
savings deposits

S-41

476

S-49

489

Rulings, Board of Governors:

Discount of consumers' paper by FRBanks under Regulation A
Finance company paper, eligibility for rediscount under Regulation A

S-51

497

Loose-leaf service to be established and maintained by Board

R-44

82

Massachusetts co-operative bank shares should be considered as
"stock"

S-30

451

Savings deposits, incorporation of ruling by FRBank of Dallas in
general circular to member banks
R-105

22

S letters:
S-28, numeral "9" inadvertently omitted

R-72

143

July

R-43

81

September

R.-87

179

October

R-106

22.5

November

R-122

296

S-32

453

Savings deposits:

(See Deposits)

Securities Exchange Act of 1934:
Nonmember bank agreements with Board, changes in list of:

Securities exchange administration:
Cashier's check as collateral for loan whose maximum loan value
is less than amount of loan, reinvestment of
check forbidden



47
-29-

Securities exchange administration:

(Continued)

Certificates of deposit for stock and stamped stock as registered securities in plan of consolidation of
two corporations

S-36

462

Certified check deposited in temporary satisfaction of demand
for margin and later replaced with stocks

8-42

480

Clearance of securities, effecting transactions involved in a
special cash account

S-23

436

Credit provided in section 5(b) may be maintained without regard to date provided in section 5(d)

S-l?

426

Customer is incorporated securities firm, securities and short
sales need not be denied loan value or excluded
from account as those of a "partner"

S-57

509

Depreciation in collateral for loan, transfer of wife1s account
to bank to make up for

S-37

4&4

Legend on stock indicating acceptance of offer to exchange, permitting holder of restricted account to have
stamped
S-35

459

Loan made prior to Securities Exchange Act of 1934, applicability of Regulation U to

S-31

452

Loan made to purchase stock, question whether substitution of
cash for stock collateral constitutes new loan

S-26

442

Loan on registered stock which has since become unregistered

S-54

504

Replacement of exempted securities with registered nonexempted
securities could not be permitted without additional collateral

S-4.3

482

Statement of member may be used in lieu of customer's statement
if it states he believes facts to be as required
to be stated by customer
S-55

505

Time as of which certain securities should be considered to have
acquired loan value under Regulation T
S-13

414

Transactions constituting bona fide arbitrage transactions within meaning of Regulation T
3-20

431




47
-30Page
Securities exchange atimini s tration:

(Continued)
S-15

420

Agricultural loans and farm real estate data requested
as of next call date and forms sent FRBanks

R-134

349

Branches, forms for reporting deposits of

R-141

361

R-71

141

Earnings and dividends reports, forms for reporting last six
months of 1937

R—.149

404

Stock, shares of a Massachusetts co-operative bank should be considered stock

S-30

451

Stolen bonds, copy of letter addressed to FRBank of San Francisco

R--128

326

Technique of Credit Regulation, address by Mr. Szyaczak

R-109

223

Transfers of loans under Regulation U
State bank examiners:

(See Examiners)

State member banks:
Condition reports:

Forms sent FRBanks

Treasury bills:
Code words covering new issues




E-30 ' 4
23
R-34
R-36
25
80
R-42
R-48
95
R-50
98
R-56
119
R-63
132
R-6?
136
R-73
144
R-74
145
R-7B
151
R-65
177
R-86
178
R-89
131
R-91
184
205
R-95
221
R-104
R-108
227

47
-31Page
Treasury Mils:

(Continued)

Code words covering new issues

(Continued)

R-lll
II—115
R-118
R-121
R-127
R-131
R-136
R-148

246
285
291
295
325
331
352
403

R-79

152

R-142

362

Investment in concerns in which bank directors are interested

8-24

438

Investment in real estate mortgage loans purchased through
company of which bank director is chairman of
board

S-25

440

Trust investment committees of national, banks, appointment of alternates

S-18

427

Banking laws, report to Bureau of Investigation

S-14

416

Criminal provisions of banking laws of U.S., reports by FRBanks

5-12

412

S-14

416

R-62

128

General, procedure vAiere holding company affiliate with general
permit has acquired additional banks and desires
to obtain permit covering those banks
S-33

454

Trust funds:
Common:
Amendment to Regulation F permitting operation by national
banks, tentative draft
Amendment adopted

Violations:

Reports by FRBanks to FBI
Reporting to field offices of Federal Bureau of Investigation
Voting permits: