Full text of Mimeograph Letters and Statements of the Board : Letter From the Asst. Secretary re Revised Edition of Form 38 for Use During 1919, Number St. 120, Volume 9, Page 262

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December 20 Jc 1915 ..
SUBJECT:

Revised edition of form 38
for use during 1919 ..

There are being forWarded to you today

a;

tm~r

separate cover

copies of form 38' revised for use during the ealendar yeaz 1919.

By adding a new column to form 34 so as to show the distribu-

r

tion by maturities of discounted paper separate from paper bought in
open

~ket,

it was ma.de possible to eliminate all reference to

urities from fol'm

38.ยท

ma.t-

Item "Comnodity paper" ha.s been omitted from

ihe fC:n:tl and a new item; "Bankers' acceptances." added tmder the

general head of

Bills discount eeL," so that the Board. may know the

f1

aggregate amo\mt of bankers* acceptances held by the Federal Reserve

Banks_ both dis<:ounted and purchased ..
Yours very truly.

Assistant Secretary.