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federal reserve board WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD November 5ยป 1930 St. 67,78 SUBJECT: 1931 Budget. Dear S i r : In accordance with the usual p r a c t i c e a detailed, statement of the "budget approved f o r the head o f f i c e and each of i t s "branches, i f any, f o r the calendar year 1931 should "be forwarded to the Federal Reserve Board, a s soon a f t e r January 1 a s p r a c t i c a b l e . The "budget statement as submitted to the Board should "be in the same form and d e t a i l a s approved "by the "bank's "budget committee and should show i n comparison the budget and a c t u a l expenditures f o r 1930. If t o t a l expenditures f o r 1930, as shown i n the "budget statement, are not in agreement with t o t a l expenditures r e p o r t e d on the "bank's f u n c t i o n a l expense r e p o r t , Form "E", p l e a s e forward, with your "budget statement a memorandum r e c o n c i l i n g the two amounts. Very t r u l y yours, E. M. McClelland, Assistant Secretary. TO CHAIRMAN" OF EACH FEDERAL RESERVE.BAKK* 457
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