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1220 E x OFFICIO MEMBERS DAVID F. HOUSTON SECRETARY OF THE TREASURY CHAIRMAN F E D E R A L JOHN SKELTON WILLIAMS COMPTROLLER OF THE CURRENCY ADDRESS REPLY TO B O A R D WASHINGTON FEDERAL RESERVE BOARD R E S E R V E September 28, 1920 st. 1U52. SUBJECT: Recapitulation of Daily Reserve Ratios of each Federal Reserve Bank. Dear S i r : In order to confirm the d a i l y reserve percentage telegrams, h e r e a f t e r a weekly, rec a p i t u l a t i o n of reserve r a t i o s for a l l Reserve Banks, both actual and adjusted, w i l l be sent to each Federal Reserve Bank. Copy of the statement for the week ending September 25th i s enclosed herewith. Very t r u l y yours, A s s i s t a n t Secretary. Mr. Federal Reserve Agent, Enclosure. To a l l F. R. Agents except San Francisco. W . P. 6. HARDING. GOVERNOR ALBERT STRAUSS, VICE GOVERNOR ADOLPH C. MILLER CHARLES S. HAMLIN H E N R Y A. MOEHLENPAH W . T. CHAPMAN, SECRETARY R. G. EMERSON, ASSISTANT SECRETARY W , M.IMLAY. FISCAL A9ENT