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W. P. G. HARDING, GovERNOR
ALBERT STRAUSS, VICE GOVERNOR

EX-OFFICIO MEMBERS

CARTER GLASS

ADOLPH C. MILLER
CHARLES S. HAMLIN

SECRETARY OF THE TREASURY
CHAIRMAN

JOHN SKELTON WILLIAMS

FEDERAL RESERVE BOARD

COMPTROLLER OF THE CURRENCY

J. A. BRODERICK, SECRETARY
W. T. CHAPMAN, ASSISTANT 5'£CRETARY

W. M. lMLAY, FISCAL AGENT
ADDRESS REPLY TO

WASHINGTON

FEDERAL RESERVE BOARD

May 1,1919.
X-1506

Subject: Elilliination of Count of Federal Reserve Bank Notes
by ~)ecial Agents of Federal Reserve Banks.
Dear Sir:
In reference to the recommendation made at the Governors'
Conference to T~ic NUmber 36 for the elimination of the count by
S,J:lecial .Agents of the Federal Reserve Banks of mutilated Fec3.eral
Reserve bank notes forwarded to the Treasury Department for rederq,.)tion omd destruction, the BoCll'd desires the following information:
1.

Total an;ount paid to Special Agents.
(a) From January lst to Decerrber 3J ,1918.
(b) From January lst to M&rch 31,1919.

2.

Cost ver thousand for

~resent

facilities.

3· Date of expiration of present contracts.
The Board would ~ppreci~te receiving this information as
soon z.s convenient as it will be of assistance in determining whathsl'
Or -not i t will be ::_,ossible to formulate a less expensive plan. Any
further inforn~ation or suggestions that you may be able to. furnish
in this connection will be appreciated.
Very truly yours,

Assistant Secretary.