Full text of Mimeograph Letters and Statements of the Board : Letter From Asst. Secretary McClellan re Topic for Governors' Conference, Number X-6263, Volume 30, Page 241

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE BOARD
WASHINGTON

X-6263

ADDRESS OFFJCIAL CORRESPONDENCE TO
THE FEDERAL RESERVE BOARD

Ma.rch 14, 1929.

SUBJECT:

Topic for Governors• Conference.

Dear Sir:
The Federal Reserve Board has voted to
place the following topic qn the program for the
forthcoming Governors• Conference:
Policy to be Pursued by Federal
Reserve Banks in Asserting Rights on
Behalf of Depositors of Unremitted
for Transit Items against Receivers
of Insolvent" Member Banks.
The Board is also arranging for a conference of Counsel of all Federal reserve barks to be
held in Washington concurrently with the Governors'
Conference, with a view of having Counsel consider
the above question and make recommendations thereon
to the Governors' Conference. Mr. Wyatt, the :Board's
General Counsel, is address~ng a letter on this subject to Counsel for each of the Federal reserve banks;
and a copy of that letter with attached docume.nts is
enclosed herewith for your information, together with
a copy of certain correspondence between Mr. Wyatt and
~udge Ueland, Counsel to the Federal Reserve Bank of
Minneapolis, which first raised this question.
By order of the Federal Reserve Board.
Very truly yours,

E. M. McClelland,
Assistant Secretary.

Enclosures.



TO GOVERNORS OF ALL FEDERAL RESERVE BANKS.