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Ex O f f i c i o m e m b e r s CARTER GLASS SECRETARY OF THE TREASURY CHAIRMAN JOHN SKELTON WILLIAMS COMPTROLLER OF THE CURRENCY W. P. G. HARDING. GOVERNOR ALBERT STRAUSS, VICE GOVERNOR ADOLPH C. MILLER CHARLES S. HAMLIN FEDERAL RESERVE BOARD ADDRESS REPLY TO FEDERAL RESERVE BOARD WASHINGTON W. T. CHAPMAN, SECRETARY R.G. EMERSON,-ASSISTANT SECRETARY W. M. IMLAY, FISCAL AGENT November 6, 1919. s t . 692 SUBJECT: Revised, form 105, Condition r e p o r t of S t a t e bank and Trust company members. Dear S i r : There a r e being forwarded to you today under s e p a r a t e cover copies of form 105, Beg or t of condition of S t a t e bank and Crust company members (revised* Oct» 20, I919), t o g e t h e r w i t h copies of our c i r c u l a r l e t t e r of June l 4 giving i n s t r u c t i o n s r e g a r d i n g the p r e p a r a t i o n of condition r e p o r t s . I t is requested t h a t throe copies of form 105 be s e n t to each. S t a t e bank and Trust company member in your d i s t r i c t , w i t h i n s t r u c t i o n s t o hold the blank forms pending r e c e i p t of a c a l l f o r condition r e p o r t , when they should be promptly f i l l e d out and two copies m a i l e d to you — in no case l a t e r than ten days a f t e r r e c e i p t of the c a l l . S t a t e banks and T r u s t company members who submitted cond i t i o n r e p o r t s as of June JO and were s u p p l i e d a t t h a t time with a copy of the l e t t e r of i n s t r u c t i o n s above mentioned, should be advised t h a t the general i n s t r u c t i o n s of June l 4 are a p p l i c a b l e p r a c t i c a l l y i n t h e i r e n t i r e t y to the r e v i s e d form of r e p o r t . M a t e r i a l changes in the l a t e s t e d i t i o n which should be brought to the a t t e n t i o n of the banks are as f o l l o w s : F i r s t , the two items formerly shown in the memorandum a t the bottom of the fonn as contingent l i a b i l i t i e s — "Acceptances of other banks payable a t f u t u r e date guaranteed ty t h i s bank by endorsement or otherwise" and "Foreign b i l l s of exchange or d r a f t s s o l d w i t h endorsement of t h i s bank" — are now t r e a t e d as deduct i o n s from item 1 - a , Loans and Discounts - gross# Second, Among Contingent L i a b i l i t i e s we show now t h e f o l lowing t h r e e items a t the bottom of the form: (a) Documentary l e t t e r s of c r e d i t issued but not tfsed or drawn agai&st; (b) Other f o r e i g n c r e d i t s opened f o r customers but n o t used; and (c) Travele r s ' l e t t e r s of c r e d i t i s s u e d under guarantee or deposit of s e c u r i t y but n o t drawn a g a i n s t . S t . 692 Third, A new schedule (4), Loans to banks, bankers and Trust companies now appears on the roverse s i d e of tho r e p o r t * The schedule of loans and discounts, f o r m e r l y numbered 4, i s now numbered 5» Fourth, Demand d e p o s i t s which were formerly shown as item 32 now appear as item 33 • I n s t i t u t i o n s which have j o i n e d tho system since Juno 30, 1919 should bo supplied w i t h a copy of the general instruct i o n s of June lU. They should also bo advised of tho above changes made i n form 105 since the p r e p a r a t i o n of the c i r c u l a r l o t tor® of i n s t r u c t i o n s * I t w i l l bo a p p r e c i a t e d i f , a f t e r c a l l i s made, you w i l l make s p e c i a l e f f o r t s to see t h a t as f a r as p r a c t i c a b l e r e p o r t s are r e c e i v e d and forwarded t o tho Board w i t h i n t e n days from date of c a l l . Vary t r u l y yours, Assistant Secretary. LETTER SENT TO CEAIBMMT OF EACH F . R. BMK.
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