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239 BOARD O F G O V E R N O R S OF THE FEDERAL RESERVE SYSTEM WASHINGTON R-584 ADDRESS OFFICIAL CORRESPONDENCE TO THE BOARD December 22, 1939 i Dear Sir: In accordance with the practice of holding periodic conferences of representatives of the bank examination departments of the Federal Reserve banks, it is planned to hold such a conference in Washington some time in the first part of the coming year, probably early in February. The exact date will be announced later. As in the past, the conference will partake largely of the nature of a round table discussion and an effort will be made to consider at the conference any subjects or problems of general interest which the representatives of the Reserve banks may wish to discuss. Members of the Board's staff will also be glad, of course, to discuss with representatives of the Reserve banks any other matters of less general interest which are not brought up at the conference. The Board's Division of Examinations has suggested that it might be more helpful if, instead of having many topics on the program, the program were planned with the idea of rather full discussion of a relatively few topics. The Division has suggested that the following topics be included: 1. Classification of loans, particularly Classification II. 2. Type of comments and suggestions with respect to individual loans and general loaning and credit policies. 3. Real estate and real estate loans. a. b. Treatment of land contracts — as other real estate or real estate loans. Treatment of "assets indirectly representing other real estate". R-584 4. Securities. a. b. c. Amortization of premium on exempted .securities. Requirements with respect to use of profits from sale of securities. General supervisory policies and practices. It will be appreciated if the officers in charge of the examination departments of the Federal Reserve banks will forward to Mr. Paulger before January 10 their comments and suggestions as to the general type of program and as to specific subjects. It will also be helpful in planning for the conference if the Reserve banks will indicate both the most convenient and the most inconvenient times for holding the conference during the period from the latter part of January to the first part of March. Very truly yours, L. P. Bethea, Assistant Secretary. TO THE PRESIDENTS OF ALL FEDERAL RESERVE BANKS
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