The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BOARD X-4903 WASHINGTON ADDRESS OFFICIAL. CORRESPONDENCE TO THE FEDERAL. RESERVE BOARD July 18, 19274 SUBJECT: Reduction in Insurance Rates. Dear Sir: For your ihfo~tion there is enclosed here~ With a copy of a letter received f:rom the Treasury_ Department advising that the,insurance rates cover~ ing shipments of currency, etc., by registered mail under insurance policies held by the Treasury Department have been reduced effective July 1, 1927. The net rate per $1,000 on general shipments is now 4-1/5¢ and the net rate per $1,000 on rotary locked pouch shipments is 2-2/p¢. - It will h.lso be noted that Marsh & McLennan, in submitting monthly statements, will indicate thereon the amount to be paid to each of the underwriting companies. Very truly yours, J. C. Noell, A$sistant Secretary. (Enclosures) TO GOVERNORS OF .ALL F. R. B.ANKS.
@FedFRASER