The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
X-9693 BOARD OF G O V E R N O R S 1 2 8 OF THE FEDERAL RESERVE SYSTEM 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 BOARD September 12, 1936 Dear Sir: One of the Federal reserve banks has raised a question as to the desirability of continuing the practice now followed by the Board of forwarding by mail confirmations of all telegrams sent to Federal reserve banks or branches. The reserve bank pointed out that when it received such confirmations it felt obliged to compare them with the original telegrams and place them in its files, thereby entailing additional clerical work and cluttering the files. The bank in question also advised that it had been its experience that telegrams were invariably of such character that errors in transmission were noticed by the recipient and that it had discontinued the practice of sending confirmations of telegrams to its branches years ago with no resulting difficulties. It will be appreciated if you will advise the Board as to your views in the matter. Veryjxply yours L. P. Bethea Assistant Secretary TO ALL PRESIDENTS