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4 8 federal reserve board WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO T H E FEDERAL RESERVE BOARD June 21, I929 St. 6230 SUBJECT; ยป Condition Reports of S t a t e Bank Members, Form 105. Dear S i r : There are "being forwarded t o you today under separate cover copies of form 105. Kindly hold the "blank forms a t your "bank u n t i l r e c e i p t of t e l e g r a p h i c n o t i c e from t h e Board, whereupon t h r e e c o p i e s should "be mailed t o each s t a t e "bank and t r u s t company member with the r e q u e s t t h a t the forms "be h e l d pending r e c e i p t of a c a l l f o r c o n d i t i o n r e p o r t s . I t i s suggested t h a t i n your l e t t e r t r a n s m i t t i n g the "blanks you c a l l the "banks' a t t e n t i o n t o t h e i n s t r u c t i o n s p r e v i o u s l y f u r n i s h e d governing the p r e p a r a t i o n of the c o n d i t i o n r e p o r t s , so t h a t i f any "bank has m i s l a i d i t s copy of tho i n s t r u c t i o n s another copy may "be promptly f u r n i s h e d f o r i t s u s e . Upon r e c e i p t of n o t i c e from the Board of t h e . c a l l f o r c o n d i t i o n r e p o r t s , k i n d l y n o t i f y the "banks thereof by mail and request thsm to f i l l out the r e p o r t s and mail them t o you promptly - i n no case l a t e r than 10 days a f t e r r e c e i p t of the c a l l . The r e p o r t s should be examined aoQ. checked i n the u s u a l manner, i n accordance with t h e procedure o u t l i n e d on page 2 of t h e Board 1 s l e t t e r S t . 5930 of October 1 , 1928, b e f o r e being forwarded to the Board. In a d d i t i o n to t h e checking s p e c i f i c a l l y o u t l i n e d i n t h a t l e t t e r , i t might be w e l l , i n some*cases a t l e a s t , to compare some of the items with the previous r e p o r t , p a r t i c u l a r l y i n Schedules E, F, and G, a s we found a number of d i s c r e p a n c i e s between the March 2J r e p o r t s and those p r e v i o u s l y submitted. In t h i s connection i t i s suggested t h a t where a r e p o r t i s found t o be complete except t h a t t h e word "None" i s not shown a g a i n s t some of the items i n the body of the r e p o r t or i n the schedules, or the par value of stock or number of shares i s omitted from Schedule A, i t w i l l be s u f f i c i e n t t o merely c a l l the b a n k ' s a t t e n t i o n t o t h e omissions f o r i t s guidance i n p r e p a r i n g f u t u r e r e p o r t s , i n s t e a d of asking the bank to submit a l e t t e r g i v i n g the information t h a t was omitted. The memorandum items i n Schedules E and L should be answered, however, i n every case. TO ALL F . E. Veiy t r u l y yours, E. M. McClelland, Assistant Secretary, AGENTS* 7
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