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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO T H E FEDERAL RESERVE BOARD May 28, 1930 St. 6610 SUBJECT: Distribution of Eligible paper among Individual Member Banks Dear Sir; There is enclosed herewith for your information a memorandum on eligible paper which was prepared for the Board from the data received from the federal reserve banks in response to the Board's letter St. 0470 of January 24, 1930. Very truly yours, E. M. IfcClelland, Assistant Secretary. Enclosure TO ALL GOVERNORS AND T. R. AGENTS*