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EX-OFFICIO MEMBERS W. P. G. HARDING, GOVERNOR - - - - . VICE GOVERNOR WILLIAM G. MCADOO ADOLPH C. MILLER CHARLES S. HAMLIN SECRETARY OF THE TREASURY CHAIRMAN -- JOHN SKELTON WILLIAMS FEDERAL RESERVE BOARD COMPTROllER OF' THE CURRENCY q:'l ·.:l J. A. BRODERICK. SECRETARY~,.--~·<: L. c. ADELSON, ASSISTANT SECRETMY W. T. CHAPMAN. ASSISTANT SECRETARY W. M. IMLAY, FISCAL AGENT WASHINGTON ADDRESS REPLY TO FEDERAL RESERVE BOARD October 5, 1918 :r-ear Sir: With referenc-e to a recent·, inquiry received from a Federal Reserve Bank, you are advised that Federal Reserve bank notes on hand other than those issued by the reporting bar:>k, should be shown on form 34 at;ainst item BAYS "National Bank notes and notes of other Faderal Reserve Banks. 11 Item BEAR applies to Federal Reserve bank notes of the reporting bank only. 'l'he difference between liability i tern COIL nFederal Reserve bank notesn and asset item BEAR nFederal Reserve bank notes on hand 11 should reprasant the bank's net liability on Federal Reserve bank notes in actual circulation. Please bring this matter to the attention of the :proper departments, and oblige. Yours very truly, Assistant Secretary. Federal Reserve Agent, St.B
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