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304
BOARD OF GOVERNORS
Or THE

FEDERAL RESERVE SYSTEM

R-14

WASHINGTON
ADDRESS OF"F"ICIAL CORRESPONDENCE
TO THE BOARD

June 15, 1907.
1

Dear Sir:
There are inclosed

copies of page 30, as re-

vised, of the Board's Manual of Instructions Governh€ the
Preparation of Earnings and Expense Reports and Profit and
Loss Statements of the Federal ReserV•3 Banks.
You will note that the last two paragraphs under
"At' have been revised.

Changes made are to conform with

revised instructions of the Far:n Credit Administration, issued in its letter of November 6, 1955, to the F'edoral Reserve banks, regarding expenses of handling and shipping
Federal laud bank and Federal farm loan bonds, and of the
Treasury Department, to which ym.J.r attention was called in
the Board's letter of .June 1, 1937 (S-l), regarding the cost
of certain telegr8ms.
Very truly yours,

·•

---

L. P. Bethea,
Assistant Secretary.
Inclosures.

TO ALL



PhESIDENTS.