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IEX·OPPICIO MJEM•ER. W. P, Gl. HARDING, GIOYIRNOR PAUL Jl, WARBUR&, VtCI GIOY. . ~OIJ FREDERIC A. DELANO ·· ·· ·· ADOLPH C. MiLLER CHARLES S. HAll LIN x-s4s WILLIAM Gl. JlcADOO SICRUAIIY OF THI TRIAIUIY CHAIRMAN JOHN SKELTON WILLIAMS COMPTROLLER OP THI CURRINCY FEDERAL RESERVE BOARD H. PARKER WILLIS, SICRITARY SHERMAN P. ALLEN, AliT. SICIITAIY AND FISCAL AGINT WASHINGTON ADDRit88 IIRPL. Y TO FEDERAl. RESERVE BOARD DIVISION OF AUDIT AND EXAMINATION MJ-JCO Ms.rch 29, 1918 Dear Sir: Beginning April l, 1918 weekly reports of Liberty loan operations, Form 104, nay be discontinued and a monthly report of these operations as at close of business on the last day of each month, using the same Form 104, r.ay be substituted. It is essential that these monthly reports reach us at as early a date as possible after the close of business of the report tlonth. Very truly yours, Assistant Secretary Federal Reserve Agent,