Full text of Mimeograph Letters and Statements of the Board : Letter From Asst. Secretary Bethea Instructing That Certificates of Issuance or Cancelation of Federal Reserve Bank Stock, Should Be Signed by Any Officer of Bank, Number X-9688, Volume 45, Page 120

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BOARD OF GOVERNORS
OF THE

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FEDERAL RESERVE SYSTEM

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WASHINGTON
A D D R E S S OFFICIAL C O R R E S P O N D E N C E
TO T H E B O A R D

September 3, 1936.

Dear Sir:
In response to an inquiry from a Vice President in charge
of examinations at a Federal reserve bank, the Board has advised that following the transfer to the bank of the nonstatutory duties of the Federal Reserve Agent, certificates
of issuance or cancellation on applications try member banks
for changes in their holdings of Federal reserve bank stock,
made pursuant to the provisions of Regulation I may be signed
by any officer of the bank instead of by the Assistant Federal
Reserve Agent as heretofore.
Accordingly, if the non-statutory duties of the Federal
Reserve Agunt at your bank have been transferred, or, if not,
after the effective date of such transfer, such certificates
on applications filed by member banks in your district may be
approved by any officer of your bank.


TO ALL


Vury truly yours,

Assistant Secretary.
PRESIDENTS