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!· EX OFFICIO MI!MBBRS ',Y, P. G. HARDING, IJOVIRNOR ALBERT STRAUII, VleK GOVEUOR ADOLPH C. MILLER CHAIILEI B. HAMLIN HENIIY A, MOEHLENPAH DAVID F. HOUSTON SICIITARY OF THI TIIEAIUIY CHAIRMAN FEDERAL RESERVE BOARD JOHN SKELTON WILLIAMS COIIPTIOLLER OF THI CUIIINCY W. T. CHAPMAN, SleRITARY R. II. EMERSON, ASSISTANT SleRITARY ADDRESS REPL.Y TO W, II, IMLAY, Flle.lL A8.NT WASHINGTON FEDERAL RESERVE BOARD St.,. 1185 M~ SUBJECT: 'tr, 1920. Participation in Bank of Japan Agreement. Dear Sir: Referring to the Board's letter X-1920~ of May 13, and to the letter forwarded to you on the same subject under date of May 19 by the Federal Reserve Bank of New York, may we request that when the distribution of the deposit held for the account of the :Sank of Japan is made by the Federal Reserve Bank of New York the amount of the deposit transferred to your bank be shown in the deposit block on_ Form 34 against caption "Foreign banks", code CINO, also that you show as a. memorandum item the amount of yovr bank's contingent liability on bills sold to the Bank of Japan under the agreement filed with the Federal Reserve Bark of New York, against the caption "Oontingent liability on bills purchased. for foreign correspondents". The amru.nt of suoh contingent liability should be telegraphed to the Board as at Close of business eaeh Friday as a part of your regu.lar Form 34 telegram. against Code MILD. Very truly yours·, Assistmlt SEtcretary. COPY OF THIS tETTER SID~ TO CRA.IRMAlif OF EACH FEDERAL RESERVE B.A.L'!K EXCEPT NEW YORK
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