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W. P. G. HARDING, GOVERNOR PAUL M. WARBURG, VICE GOVERNOR FREDERIC A. DELANO ...e_ tr) ADOLPH C. MILLER ....]'......_ •./~~ 0~ CHARLES S. HAMLIN EX-OFFICIO MEMBERS -f_ WILLIAM G. McADOO SECRETARY OF THE TREASU,RY CHAIRMAN JOHN SKELTON WILLfft MS COMPTROW'afJISS'RRENCY H. PARKER WILLIS, SECRETARY SHERMAN P. ALLEN, ASST. SECRETARY AND FISCAL AGENT FEDERAL RESERVE BOARD J .. ADDRESS REPLY TO WASHINGTON FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS .August 30, 1918 Dear Sir: Analysis of the data received for the past two weeks makes it desirable to supplement our circular letter X~llOO dated August 1, and subsequ.ent telegrams, relating to returns by clearing house managers of checks paid by their member banks, also our instructions regarding weekly telegrams from the several Federal Reserve Banks of total debits to member banks' and Goverrment accounts. There is enclosed herewith copy of letter which is being sent to the several clearing house managers from wham it is desired to secure reports, with the view of securing greater uniformity in the returns, and placing the data upon a strictly comparable basis. This letter is thought to be self explanatory. It is also thought desirable to eliminate certain of the smaller clearing house centers fran which reports have been received. Accordingly a list of the centers in your district from which it is desired to secure weekly returns, is given below. Kindly use your best efforts to secure the information for such cities on the list as do. not at present report, in addition to those cities for which you ~~ve been able to secure the weekly data. Any suggestions with regard to the above list will be welccme. Confirmation of the telegrams received after the last statement was isgued have shown that several errors occurred in transmission. It is believed desirable, therefore, to have separate totals for both classes of items given, so as to enable this office to discover such errors tmmediately, and take the necessary steps to ascertain the correct figures. In order to avoid any misunderstanding, the following standard form of telegram has been devised. Kindly state figures in even thousands and use numerals, also if (X-1166) 120 -2- no report is received for a city on the list, please so specify.. Please give by name non-reporting banks in cities for which incomplete returns are being forwarded. It is suggested that you use this fonn in obtaining the infonnation from the several clearing house managers: MEMBERS CLEARING HOUSE REPORT. ISHA. IPSE Debits to individual account DGbi ts to banks' and bankers' account Total FEDERAL RESERVE BANKS IICRA IMLY Debits to bank account Debits to goverrment account Total There has been some misunderstanding as to the items to be included in These have been stated as follows: (a) all debits to accounts carried by the Federal Reserve bank or branch, exclusive of government account, and created either by checks or written or telegraphic order, and (b) all debits, including check~ paid, on U.S. Treasurer 1 s account. These figures are to be given separay~ly, in even thousands. for each Federal Reserve bank and branch carryin'g separate accounts, the branches in the latter case reporting direct to the Board. These data should also cover the weekly period ending Wednesday evening. .:the reports of debits by the Federal Reserve bank and branches. Copies of these instructiDns.. ar&''trapemi tted direct to Federal Reserve branches having deposit accounts. Respectfully, As~is~t Secretary. X-1166
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