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EX-OFFICIO MSMI!IER8 W. P. G. HARDING, GOVERNOR PAUL M. WARBURG, YICI GOVERNOR W1LLIAM Gl. McADOO FREDERIC A. DELANO ADOLPH C. MILLER CHARLES S. HAMLIN SECRETARY OF THI TREASURY CHAIRMAN JOHN SKELTON WILLIAMS FEDERAL RESERVE BOARD COMPTROLLER OF THE CURRENCY WASHINGTON H. PARKER WILLIS, SECRETARY SHERMAN P. ALLEN. ASST. SICRI:TARY AND FISCAL AGENT ADI:»RKSS REPLY TO FEDERAL RESIERVIE BOARD X729 February 14, 1918 Dear Sir.: ::-.::acJ.o6Gd please find supply of Form X538-Rev. for reporting ·vree:dy consolidated figures or condition of member bank~ in principal cities of your district. You will note that item "U. s. securities owned" in each division is preceded by three sub-items, code words for whtch are shown on the neu form. Please use all the cede words designated, beginning with yol..t' weekly r€port for Fetruary 21st, and oblige~ Very truly yours, Acting Assistant Secretary Federal Reserve Agent, EX•OFFICIO MSMBitRS W. P. G. HARDING, GOVIRNOJl.' X- 731 a WlLLIAM G. McADOO ::~~E:icw~~~~~N~•c• GovERNoR ADOLPH C, MILLER CHARLES S. HAMLIN SECRETARY OF THE TREASURY CHAIRMAN JOHN SKELTON WILLIAMS COMPTROLLER OF THE CURRENCY FEDERAL RESERVE BOARD WASHINGTON H. PARKER WILLIS, SECR~TARY SHERMAN P. ALLEN, ASST. SICRaTARY AND fiSCAL AGENT ADDRESS REPLY TO FEDERAL RESERVE BOARD February 15, 1918. Dear Sir; The attention of the Board has been called to a ruling of the Internal Revenue Bureau requiring banks located in tl1e United States to withhold income tax upon interest paid on deposits to non-resident alien individuals and corporations. The matter \~S brought to the attention of the Secretary of the Treasury, and a copy of his reply is inclosed herewith for your information. Very truly yours, Governor.
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