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BOARD OF" GOVERNORS R-346 OF' THE 220 FEDERAL RESERVE SYSTEM WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO THE SOARD November 19, 1938. Dear Sir: ) On Monday, December 26, itl observance of Christmas Day, the offices of the Board of Governors and all Fedoral Raserve banks and branches will be closed. Incident to the Christmas and New Year's holidays the offices of Government departments and independent establisruaents in Waslrlngton will be closed on Saturday, December 24 and Saturday, December 31. The Board's telegraph office will be open on both those days, however, and the transit clearings through the Interdistrict Settlement Fund will be conducted as usual. Please notify branches. J .. ~~ Assistant Secretary. TO THE PRESIDENTS OF ALL FEDERAL F..ESERVE BANKS