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529
W. P. &. HARDIN&, GOYIRIIOR

KX OPPICIO MKM8KIIt8

ALBERT STRAUSS, VICI GOVIRNOR

ADOLPH C, MILLER

CARTER GLASS
IICRITARY

_C:H.,._RLE~ S•_HAIILIN

or THI~I'HUitY

CHAIR II AN

FEDERAL RESERVE BOARD

JOHN SKELTON WILLIAMS
COMPTROLLER

or THE

CURRINCY

J, A. BRODERICK,
W. T. CHAPMAN,

ADDR91111M~O

WASHINGTON

SUBJECT!

r

I

by the

1919

Postage on currency shi,Pments.

The following letter was received toddy

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I

Bo~rd

from Postmaster M.

o.

Chance of the

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..



Washington City Post Office, and in accordance with
his request, we are advising

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~o!M1..1:' ftESERVE BOARD

July l2 ?

De-u- Sir:

II

SICRITARY

ASSI~TA.NT SECRETARY

" W. M. IMLAY, FISCAL AGENT

the Federal ~eserve

"This office has recei ve.d complaints
from some of the Feder~l Reser~e ]&nks on ~ccount
of what they ci.ppear to think wa.s an undercharge
in the post.:':l.ge on shipments of cl.4rrency. These
b~nks have failed to t:;~.ke into consideration the
fact that there was cl. reduction in first-class
postage rates, effective July l, fr~ 3¢ an ounce
to 2¢ an ounce. !f you will be good enough to
infonD the various branch banks to this effect,
it will eliminate unnecessary correspondence."

Very truly yours •

ASsistant Secretary •