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• li.X-OFP'JCIO MIEMBI!R8 W, P. G. HARDING. GoVIR"OR ALBERT STRAUSS • .YICE GoVIRHOII ADOLPH C. MILLER CHARLES S. HAMLIN CARTER GLASS SECIETAIY Of THE TREASURY CHA.IRMAII JOHN SKELTON WILLIAMS FEDERAL RESERVE BOAHD COIIPTROLLI'I 0, THE CURIINCY J. A. BRODERICK. SECRIUIY L. C. ADELSON. ASIIITANT SICR.ITARY W. T. CHAPMAN. ASSISTANT SICII'TUt' W. M. IMLAY, FISCAL AGENT WASHINGTON ADDitDI ltJUIL Y TO January lS, l919 FED&:RAL RESERVI!: BOARD • Dear Sir: In addition to the purchase of acceFtances by the New York and Bost~ banks for the account of other Reserve banks, a new practice has recently developed whereby direct purchases in the New York and Boston markets are made by other Federal Reserve banks, In order that complete data regarding such purchases may be available may we request tha.t each Federal Reserve bank furnish the Board with a statement for the calendar year 1918 showing by months ame-unts of direct purchase~ of acceptances in markets located outside its ovvn Federal Reserve district. A siu.ilar state- ment for January 1919 is desired, when complete data for the month have become ·available. Beginning February l, it is requested that repor·ts d.escl·ipti ve of such operations be given on separate schedules BD-7 which are to bear additional notation as follow.s_t "Direct Purchase in ~-,....--- market .• 11 Yours very truly, Assi.stan.t Secretary I ) Fed~ral Reserve Agent, J
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