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federal reserve board WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO T H E FEDERAL RESERVE BOARD May 21, 1929, st. 6199. SUBJECT: Payment of Dividends on June 30, 1929. Dear S i r : In submitting the u s u a l semi-annual r e s o l u t i o n of your board of d i r e c t o r s with r e f e r e n c e to the payment of the June 30 dividend, k i n d l y f u r n i s h the Board with statements showing the following i n formation a s of May 31 f o r (1) suspended banks, and (2) member banks considered to be in a s e r i o u s l y overextended c o n d i t i o n : iTame arid l o c a t i o n of bank. Unpaid indebtedness to Federal r e s e r v e bank Estimated l o s s to Federal r e s e r v e bank Very t r u l y yours, 3 . M. McClelland, Assistant Secretary. LETTER TO ALL CHAIRMEN * 481
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