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1054

E x OFFICIO MEMBERS
CARTER GLASS
SECRETARY OF THE TREASURY
CHAIRMAN

W. P. 6 . HARDING, GOVERNOR
ALBERT STRAUSS, VICE GOVERNOR
ADOLPH C. MILLER
CHARLES S . HAMLIN
HENRY A. MOEHLENPAH

FEDERAL RESERVE BOARD

JOHN SKELTOH WILLIAMS
COMPTROLLER OF THE CURRENCY
ADDRESS REPLY TO

W. T. CHAPMAN. SECRETARY
R. G. EMERSON, ASSISTANT SECRETARY
W. M. IMLAY, FISCAL AOENT

WASHINGTON

FEDERAL RESERVE BOARD

December Sr 193-9
St.743

SUBJECT: Loans of r e p o r t i n g member banks
secured by Government war o b l i gations .

Dear S i r :

.
There i s enclosed herewith a copy of the Board's weekly

statement showing, a s of November 21 and 28# 1919# loans of r e p o r t i n g member banks i n each Federal Reserve D i s t r i c t a s well a s
i n each Federal Reserve Bank c i t y , secured by

( l ) L i b e r t y bonds,

(2) Victory n o t e s , (3) Treasury c e r t i f i c a t e s .
This s e g r e g a t i o n of loans secured by Government War
o b l i g a t i o n s w i l l not be made i n the Board's weekly p r e s s statement,
and as you w i l l note from the statement i t s e l f , the f i g u r e s should
be regarded a s c o n f i d e n t i a l and not f o r p u b l i c a t i o n .
Copies of the new statement w i l l be mailed t o your bank
r e g u l a r l y each week.
Yours very t r u l y ,

Assistant Secretary

(Enclosure)

COPY OF THIS LETTER SENT TO CHAIRMAN OF EACH FEDERAL RESERVE BANK.