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56 BOARD OF GOVERNORS R-398 OF THE FEDERAL RESERVE SYSTEM WASHINGTON A D D R E B I OFFICIAL C O R R E S P O N D E N C E TO T H E BOARD ******** February 2, 1939. Bear Sir: In the Board's letter of October 11, 1938, S-118, regarding the cost of the revised examination report form, it was stated that costs of future purchases of paper would be prorated among the various banks on the basis of the schedule contained in that letter and that forms printed from such supplies would be furnished without additional costs, except that in the case of substantial revision of the form, composition costs would be prorated. An additional supply of paper costing $1,405.85 has been purchased and is now being used in multilithing additional copies of the report form. The Reserve banks generally have been requesting a larger number of these forms than was originally anticipated with the result that the original paper stock was used up a month ago. Moreover* the final bill covering the costs of the original multilith plates was in the amount of #243.00 instead of $195.00 as indicated in our letter of October 11, 1938. The additional charge of $48.00, therefore, is being prorated among the Reserve banks on the same basis as the other original composition costs. The following statement shows the distribution of these costs among the various Federal Reserve banks: Paper Percent Amount Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 5 20 10 10 5 5 15 5 5 5 5 10 100 # 70.29 281.17 140.59 140.59 70.29 70.29 210.88 70.29 70.29 70.29 70.29 140.59 $1,405.85 Composition $ 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 $48.00 Total $ 74.29 285.17 144.59 144.59 74.29 74.29 214.88 74.29 74.29 74.29 74.29 144.59 $1,453.85 57 R-398 -2- Every Federal Reserve bank except the Federal Reserve Bank of Richmond should pay this assessment by transferring the amount shown in the last column of the statement through the Inter-district Settlement Fund to the Federal Reserve Bank of Richmond for credit to the account of the Board of Governors of the Federal Reserve System on the books of that bank, with telegraphic advice to Richmond of the purpose and amount of the credit, and the Federal Reserve Bank of Richmond should pay its assessment by crediting the amount thereof on its books to the Board of Governors of the Federal Reserve System. Very truJ^L^purs, ~ L. P. Bethea, Assistant Secretary. TO TEE PRESIDENTS OF ALL FEDERAL RESERVE BANKS.
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