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EX OFFICIO h\Eiifii£RS DAVID F. HOUSTON SECRETARY OF TH! TREASURY CHAIRMAN FEDERAL RESERVE BOARD JOHN SKELTON WILLIAMS COMPTROLLER OF THE CURRENCY ~) £' t__) W. P. G. HARDING, GOVERNOR ALBERT STRAUSS, Vltl GOVUNOR ADOLPH C. MILLER CHARLES S. HAMLIN HENRY A. MOEHLENPAH W. T. CHAPMAN, SECRETARY R. G. EMERSON,A&SISTANT SECRETARY ADDRESS REPLY TO W. M.IMLAY, FISCAL AGENT WASHINGTON FEDERAL RESERVE BOARD June 4, 1920. SUBJECT: I I I, r:r-'':i''l ,_t :c St. 1196 Operations of Branch Banks. • Dear Sir: With the view of presenting to the Board a detailed statement showing the present operations of the Federal Reserve Branch Banks, it is desired to bring up to date the outlines of the branches covering their powers and functions and the character and volume of business handled, copies of WhiCh were forwarded to you on October 2, 1919, with the Board's letter, St. May we request, therefore j 623· that you revise the figures shown under "Earn- ings and Expenses" and "Volume of Business Handled" in the second part of the outline of your Branch (or Branches) so as to show monthly averages for each of the three-month :periods ending on March 31 and June 30, 1920, except in the case of clearing operations, the average figures for Which should be given for the three-month periods ending on March 15 and June 15, 1920. Will you also kindly give in the new outlines the following information together with any other :pertinent data or suggestions that may occur to you: Directors - Name, business, home address and date of expiration of tar,m of each director. Date of regular meetings. Executive Committee - Composition: Duties: Regular meetings: Personnel - Number of officers and employas as of Juna 30, 1920· Territ~ry assigned: Assignment as of June 30~ 1920. Also ro~ changes in boundary lines made since July 1, 1919, as well as the dates on which the changes bacame effective. Member Banks in Branch Terri tory .. Separate figures for number, capital, surplus, and total resources of National and non-National member banks - (1) at opening of Branch and (2) as of May 4,1920 · (The latter figures should be based on condition reports received under May 4 call) .. '" st.1196 - 2P~r List - Number of non-member ba1iks on the par list (1) at opening of branch, an~ (2) on Jur~ 30, 1920. Also number of nonmember banks not on par list on June 30, 1920. Powers and Functions Exercised by Brancl1 Detaile<L statements covering each topic w~1ich is included under the above heading in the old outlines, with any additional data you may deem important. It is desired t~:;.at the outlines of the sevaral bra:1cl1es be made along the same general lines and be as complGte as possible. It will be ~ppreciated., there- fore, if you will go over the old outlines covering the branches in other districts before finally submitting the statements for your branch or branches. I.1ay we req_uest that you have the preparation of the new outlines erped.i ted as much as possi blG in order that they may be prasanted to ti.1e Board at the earliest practicable date after July 1, 1920. Very truly yours, Assistant Secretary. Copy of this letter sent to Chairmar1 of each F. R. Barik, except Boston, Philadelphia and Minneapolis.
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