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R-892
BOARD OF GOVERNORS
OF" THE
FEDERAL RESERVE SYSTEM
WASHINGTON
AOORE&S OF"F"ICIAL CORRESPONDENCE
TO THE BOARD
September 26, 1941
Dear Sir:
In accordance v;i th the practice followed in recE:nt years, a.
supply of form F'.R. !;.56, revi~ed Septem.ber 19hl (copy enclosed), is
being sent you under separate covc:r for use in connection with the
prBpa.ra.tion of mer4ber bank operating re.tios for 191.;1. The printing of
this work sheet was del!:.yGd for a time pending consideration of suggested revisions of tho earnings e.nd dividends report for:rr,. The only
revision that has been decided upon is tho addition of a column in
which tota.l-yoa.r fit;:ures are to be rEported. This chango will reduce
the time rE:suired to conpile the work sheets.
It is requested that, upon completion of the operating ratio
tabulations usually rna.do at your Ba.r1k, these work shE·ets be sent to the
Board. As in past years the data will be t.rans~'rrred to punched c&rds,
which in turn will be used in making: tabvla:'Q.or,s for publication in
th'' BullE: tin. !lrcd for other purposes. lr: ord~r tha. t e.ny nan;ora.ndum
ratios used this J'ear mE..y be computed accurately without addi tiona.l
work, particulc~r attcntio:r. should bE; paid to the distir.ctiorc between
very snw.ll amounts or ptercente.ges tend absolute z("ro items (see instructions or: rever Sf' side of thE" fcrm).
To £.void the inconvcni<:nce of bdng without the in forma ti or:
shoi'll1 on the work sho?::ts during the period thf; t it is being recorded
on punch€d cards herE·, you may wr..:nt to consider the possibility of
havil".£ the data reproduced on Recorda.k fi11!1. Such reproduction was
employed at the Bo&rd' s offices this r'r.r f...s c. merms of kH'ping re£:.dily
ar:.d perme.ncntly available the ir. forma ti en shc·v.ln on the opE: rt:.. ting re tic
forrr,s for 19!,0, f:..nd the process v.'!?.s found to beth st:;_tisfactcry and
inexpensiVf·. If your B~:~nk duplict.t~s these forns r:e:xt year by the
Recordak precess, you may net care to have th"' crl.ginc.l v•ork sheets
returned tc you; E-lse, thf: Banks th&t have heretofore prep~:red duplicc~te
forms mt:cnuRlly for th0 Bo0.rd1 s use mcy nc lc;ngc:r :wed to. de this c.r.d
mr..y reguirF fewer blunk fcrmc th8.n wer-s urcd in the past. Conseqt:E:ntly,
2 it 111rill be appreciated if you vlill advise whether or not you will want
the work 8heets returnE·d and how nany blank forms (if any), in addition
to the suppl~r now being sent to you, v:ill be needed.
Very trvly yours,
L. F. Bethea,
Assistant Secretary.
Encl osvrc-
TO THE PRESIDENTS Cf ALL FEDEEAL PESEFVF BiJ·'KS
@FedFRASER