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W. P. G. HARDING. GOYIRNOR EX·OP'P'ICIO MIIM8K118 PAUL M. WARBURG. YICI GQYIII.NOII. FREDERIC A. DELANO ADOLPH C. MILLER CHARLES s. HAMLIN WILLIAM G. McADOO SICRITARY OF THI TRIASUII.Y CHAIR'!"" JOHN SKELTON WILLIAMS COIIPTROLLiR MJ -JCO c)p THI CURRINGY H. PARKER WILLIS. SECRETARY FEDERAL RESERVE BOARD SHERMAN P. ALLEN. Assr. SICll,I,TARY AND fiSCo\L AIIIHT WASHINGTON ADDRK8S IIEPLY TO FEDERAL. RIUI&:RYI: BOARD DIVISION OF REPORTS AND STATISTICS April 24, 1918 Dear Sir: Referring to circular lette'r X-892 of April 22, may I request that all Bill of Lading d~afts which have a definite maturity and are discounted by Federal Reserve Banks be included among bills discounted - Members, on forms 34 and 38, al~t in yQur monthly ~eport (Form A) of Investments Purchased. It is also requested that the banks continue to use the letters "B/11' en their discount schedule, form BD-4, to distinguish bill of lading drafts from other paper. Bill of lading drafts which do not have a definite maturity and are accepted for collection only should be reported on form 34 against memora.ndtlm item "Maturing bills and drafts received for collection". amounts should be reported aga.i'n~t Accordingly, no Resource item "BISE" on form 34, "Bill of Lading Drafts." Yours very truly, Acting Assi~:>tant Secrutary. Fed0ral Ruserve·Agent, X-897
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