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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE T O T H E FEDERAL RESERVE BOARD X-7950 July 3, 1934. SUBJECT: Statements for the Press. Dear S i r : There are transmitted herewith, f o r your information, copies of press statements e n t i t l e d "Securities company within provisions of sections 20 and 32 of Banking Act of 1933" and "Membership i n Federal Reserve System of trust companies doing s u b s t a n t i a l l y no "banking business", which have been prepared for r e l e a s e to the press Saturday morning, July 7, 1934. The r e - l e a s e date has been f i x e d s u f f i c i e n t l y i n advance i n order to permit a l l Federal reserve agents to receive copies of the Board's rulings prior to their publication, and i t should be stated, in t h i s connection, that the statements w i l l be incorporated i n the Federal Reserve B u l l e t i n for the month of July. Very truly yours, L. P. Bethea, Assistant Secretary. Inclosures TO ALL F, R. AGENTS.
@FedFRASER