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515

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W. P. G. HARDING, GoVERNOR
ALBERT STRAUSS, VICE GoVERNOR
ADOLPH C. MILLER
CHARLES S. HAMLIN

EX-OFFICIO MEMBERS

CARTER GLASS
SECRETARY OF THE TREASURY

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CHAIRIIAH
JOHN SltELTON WILLIAMS
COMPTROLLER OF THE CURRENCY

FEDERAL RESERVE BOARD

J. A. BRODERICK, SICRITARY
W. T. CHAPMAN, AsSISTANT SICRITAIT
W. ~·IMLAY, FISCAL AGENT
ADDRESS RIEPLY TO

WASHINGTON

FEDERAL RESERVE BOARD

July

9., 1919.
X-1611

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SUBJECT: Telegraphic Charges.
Dear Sir:
The attention of the 'Board has been directed to the fact
that .there is no uniform policy_ in regard to the payment of charges
on ·telegrams addressed to Federal Reserve .Agen·ts by member banks and
managers of clearing houses reporting figures which are used. by the
Board in it; weekly published statemento.
The .following practice is suggested ~d the Board requests
that you so ad•rise reporting member bankc and ms.na.gers of clearing
houses in your dist1•ict~
All telegrams furnishing information with regard to the
weekly reports requested by the Federal ReserVe Board should be addressed to the Federal Reserve Agent and sent collect with a notation
on the telegr~ as quotao. in example below:
"Official. business~ Go'ltfn:·nment ra\;63.
Charge Federal Reserve .Agent, 11'ede:ra.:t.
Reserve Bank,. Boston, Ma~s .. 1'1
The Federal Reserve Banks will, of C'-'Urr;e,
continue to bear the cost of these messages.

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heretofore,

Kindly acknowledge receipt.
Very truly yours,

Assistant Secretary.

LETTER SENT TO ALL FEDERAL RESERVE AGENTS.