Full text of Mimeograph Letters and Statements of the Board : Letter From Asst. Secretary Carpenter re Check Count on Telegrams Containing Code Words on Same Basis as Count Made for Accounting Purposes, Number S-232, Volume 53, Page 317

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317

BOARD OF G O V E R N O R S
OF THE

FEDERAL RESERVE SYSTEM
S-232

WASHINGTON
ADDRESS

OFFICIAL C O R R E S P O N D E N C E
TO THE

October 22, 1940

Dear Sir:
At the recent Presidents' Conference the Leased
Wire Committee submitted and the Conference approved a
recommendation that the memorandum on instructions with
respect to telegrams sent over the Federal Reserve Leased
Wire System be changed so that the "check" count on telegrams containing code words shall be on the same basis as
the count made for accounting purposes.
The Board of Governors is in agreement with this
recommendation and approves the change to become effective
November 1, 194-0.

Assistant Secretary

TO THE PRESIDENTS OF ALL FEDERAL RESERVE BANKS




BOARD