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FEDERAL RESERVE BOARD WASHINGTON Lit. 2 2 3 t i . August 29, 1S21. SUBJECT: C l a s s i f i c a t i o n of A g r i c u l t u r a l and. L i v e s t o c k P a p e r . Dear S i r : One o f the Federal the Board t h a t , in classifying its practicable for it based on l i v e s t o c k . the p r a c t i c e s to insuring of that r e s e r v e banks has r e c e n t l y a d v i s e d discounted paper, to segregate a g r i c u l t u r a l In order that is c o m p a r i s o n may be made of the various Federal reserve banks w i t h a view the d i f f e r e n t i a t i o n between a g r i c u l t u r a l i t w i l l be a p p r e c i a t e d i f im- paper from paper l i v e s t o c k p a p e r may b e a s u n i f o r m a s p o s s i o l e System, it and throughout the you w i l l kindly advise the B o a r d how y o u r b a n k i n c l a s s i f y i n g d i s c o u n t e d b i l l s as re- p o r t e d o n F o i m J>8 a n d o n BD-U s c h e d u l e s d e t e r m i n e s w h e t h e r a given note is given for agricultural p u r p o s e s o r i s b a s e d on livestock. Very t r u l y y o u r s , W a l t e r L. Eddy, Assistant Secretary. L e t t e r s e n t to Agent a t except Chicago. each F.R.Bank
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