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187 BOARD OF G O V E R N O R S • F THE FEDERAL RESERVE SYSTEM X-9714 WASHINGTON October 9, 1936 ADDRESS OFFICIAL C O R R E S P O N D E N C E TO THE BOARD Dear Sir: Replies have been received from all of the Federal reserve banks in response to letter X-9695 of September 12, 1956, raising 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. Inasmuch as none of the reserve banks offered any objection to the discontinuance of the practice referred to, and since this course appears to be in the interests of economy and efficiency, the Board hereafter will not forward confirmations of telegrams to Federal reserve banks and branches, except in special cases when the circumstances warrant a departure from the customary procedure. Very truly yours, L. P. Bethe. Assistant Secretary. TO ALL PRESIDENTS.
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