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EX OPPICIO MKMUU

W. P. Gl. HARDING. GOVERNOR
ALBERT STRAUSS. VICE GOVERNOR
ADOLPH C. MILLER
CHARLES B. HAMLIN

CARTER GLASS.
SICRnARY OF THE TREASURY
CHAIRMA.

HENRY 'II. MOEHLENPAH

FEDERAL RESERVE BOARD

JOHN SKELTON WILLIAMS
COMPTROLLIR OF THI CURRINCY

W. T. CHAPMAN. SECRETARY

R. G. EMERSON, ASSISTANT SICRITARY

ADDRESS REPLY TO

FEDERAL RESERVE BOARD

W.II.JMLAY, FIICAL ACIHT

WASHINGTON

Febr~ry

11, 1920
5».914

SUBJECT: Charts showing movement of principal
earning assets, deposit and note
liabilities, and cash reserves, 19191920.

Dea.r Sir:

We are forwarding to you today under separate cover two
copies e~ch of charts showing the movement of
(1) Net deposit and note 1i~bilities, also cash

reserves, and

(2) Principal classes of earning ~ssets,

of all Federal Reserve Darks durin; the period January 1, 1919
to January 16, 1920. One of the sets is intended for your use
and the other for the use of the Governor.
All the infor.nation re~uired to continue the several
curves for the rsmainder of the p~esent ca.hndar year will be
obtainable from the Board's regular weekly published statements.
Yours very truly,

Assistant Secretary.

(Letter sent to Chairman of each F.



R;

~arik.)