The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL. CORRESPONDENCE TO THE FEDERAL. RESERVE BOARD Ncvember 25, St. 47)b. SCB.JECT: 1925. V,e "i.dy s t:~t8Li8::ct o:::' Geld Settl·e:;,ar:ct Fur.d Tr::cns.tctio:""· Dear Sir: The Bc:1-rd for sornr:' time has been considerir.g ;.'J. number of cLanges in the weaidy r.".imsograp'cled sumrrary of transactions thrcugh tlle rsold settlement funi, but befor0 adopting t::1e revisGd ~cr~n cf st.c-tternent we sho-uld be gLHi to have an expression of your views with reference to the proposed ci:ktnges. Fro~n the dr•-cft of tJ.1e new form a'1closed herewith, yc,u will nr:te th3.t it is proposed to sh,=w fi:;ures for the Federal resJrve note clearirw separatel;c,· frorr, t:r.ose for the transit clearh.g, and t:"lat the net loss or gain of gold through the fund would ba s:1cwn for transit clearL:gs and for combined cle3.ri,1gs and transfer&. It occurs ts c:._s ::1lso that in:tsrnuch as transfars through the fund are '111 cr 1-.racticar._y c1ll for Govermnent account, tne statement would be: scrn2·.-.h3.t more valuaJle if the words "For Gove rnrn.::nt ac ..::cunt 11 war,:; inserted a.fter t.::1e word 11 'T'ran:sfers, 11 ::1nd .:1 note pL:cced at the bcttcrn of tha std.ternent indicating the amount of transfers, if ar;y; ot.t1.::r th_~n for Govermaen t a·2ccunt. It will be o,p~~r;c;cided if you will kindly :::tdvlse the Board of your view;;; with reg21rd to tne proposed n:ow form of st.1.tement at your e,;,rly c:mvenisnc.;. No changes c:;,re contelilpLt ted in t~1e transactions in the Fadcr~l R0scrva Ag3at~ 3 1 t:::.. terr:0 nt sn.~wing GOld fur~. J. C. NGo:.l ~L, P.. s sis t Enclosur~. ~~r1t Sor.r;:.;: _.r~.·.
@FedFRASER