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363 BOARD O F GOVERNORS O F THE FEDERAL RESERVE SYSTEM WASHINGTON S-392 A O D R I I I OFFICIAL o o r r e s p q n o c n c e TO THE B O A R D November 3, I941 Dear Sir: The Board of Governors concurs In the action taken by the Conference of Presidents at the meeting held on September 27-28, 1941, in accepting and approving the September 17, 1941 report tod recommendations of the Committee on Handling of U. S. Postal Money Orders together with the suggested circular letter, as revised. As soon as formal approval of the Treasury Department is obtained of the tentative arrangements worked out between the Committee and the Treasury with respect to collecting certain money orders deposited with the Federal Reserve Banks ty Government agencies and officials, the Board will advise the Chairman of the Presidents' Conference thereof so that a date may be fixed for issuing the circular and making the revised procedure effective. Very truly yours, L. P. Bethea, Assistant Secretary. TO THE PRESIDENTS OF ALL FEDERAL RESERVE BANKS
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