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IDe 0PI"'CIO

585

MEMBER.

W. P. II. HARDIN&. IIOYIRMOR
ALBERT STRAUSS, VICI GOVERNOR

CARTER IILAlll

ADOLPH C. MILLER
CHARLES S. HAMLIN

SICIIIAIY OF THE TRIAIURY
CHAIRMAN

JOHN SKELTOI WILLIAMS
COMPTIOLJ.&R OP THI CURRENCY

FEDERAL RESERVE BOARD

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J. A. BRODERICK, SECRITARY
W. T, CIIAPMAN. ASSISTANT SECRETARY ~
W. M.IIILAY, FISCAL AGENT

WASHINGTON

ADDRESS REPLY TO

FEDERAl. RESERVE BOARD

August 11, 1919.
X-1650

SUbject:

Printing Requirements of Federal Reserve Notes.

Dear Sir:

The Bureau of Engraving and printing has advised
the Board that the present statement furnished the Bureau,
giving, by denominations:, the minimum balance ot Federal
Reserve notes ot each Federal Reserve Bank required to be
maintained in Waehingtcm, is not sa.tisfactoey.
'!'he Bureau. desires a schedule showing the average
daily printing require~ts of Pederal. Reserve notes ot each
Federal Reserve BSDk covering a given period, and the Board,
theretol"8, requests that you forward to it,
soon as practicable, an estimate of the daily amount of Federal Res~rve
notes and Federal Reserve !ank notes, by denominations, which
you believe should be printed for your Bank during the three
months - september, October and November.

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It is planned to fumisb the Bureau with a printing
estimate eve;ey three month&, but an:! Federal Reserve Bank l'nlq"
revise its estimate at any time in ease new conditions justify.
Upon receipt· of this information from all ·Federal
Reserve Banks, the Board, wUl prepare a schedule and forward it
to the Bureau of Engraving and Printing for their gu.id.anea in
me~ting the reqUj.zoementa of the Fed:eral Reserve Banks in the
printing of I'ederal Deeerve :00'-• .




Very ~r tows;

Acting Assistant Secretaey-.

LE'l'TJi:R SENT

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CHAIRMAN OF .1iLir BANKS

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