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FEDERAL RESERVE BOARD WASHINGTON 7, X-3,77.- December SUBJECT: Bank Debits - Inclusion of Debits by :Banks in Non-clearing Bouse Centers in Board 1 s PubliShed Statement .. Dear Sir: The Federal Reserve Board bas given oonsideration to the replies received in response to its letter X•3550 of November 2 on the abO\te subjeet, and has concluded that the si tua.tion for the country as a Vlhole should be carefully studied before any material changes are made in the present list of reporting centers. .Accordingly a careful survey will be made of this statement with the object of determining which sa ctions of the country should be more adequately represented and which cities in those sections are the most important from an industrial or agricultural standpoint, and as soon as it is completed you will be advised of the conclusions reached by the :Board. In the meantime 1 in case you have a:ny information in your possession, in add.i tion to that given in your reply to the :Board's letter X-}550, which would be of assistance in determining what adaitional cities, if any, should be added to the list in order to make it representative of conditions in your district, we shall be very glad. to hear from you. Very truly yours, Walter L • Eddy, Assistant Secretary. "'e.tter to be sent to All Federal Reserve Agents. 1922.
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