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A2 federal reserve board WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO * THE FEDERAL RESERVE BOARD SEPTEMBER ST, SUBJECT: 1 0 , 1 9 3 0 6 7 2 4 R e c l a s s i f i c a t i o n of average Uet Demand and Time Deposits f o r June 1930. Dear S i r ; The Committee on Bank Reserves would g r e a t l y a p p r e c i a t e a s p e c i a l r e p o r t from your d i s t r i c t showing d a i l y average net demand and d a i l y average time d e p o s i t s during June 1930 according to the following c l a s s if i e a t i o n t (Monthly average of d a i l y f i g u r e s June 1930) Net demand Time deposits deposits 1. Local banks ( i . e . , "banks which customarily o b t a i n currency over counter of reserve "bank or branch 2. Banks l o c a t e d i n c u r r e n t day p o i n t s , excluding banks to which currency payments a r e customa r i l y made over the counter 3. Banks l o c a t e d in one-day p o i n t s 4. Barks l o c a t e d in two-day p o i n t s 5. Banks l o c a t e d i n three-day p o i n t s You w i l l note t h a t t h i s c l a s s i f i c a t i o n i s the same as under (2) on form S t . 6618 covering the v a u l t cash h o l d i n g s during June* In making up t h i s c l a s s i f i c a t i o n * p l e a s e make the same member banks a r e included in each subgroup a s were corresponding group on form S t . 6618. t h a t requested of member banks certain that included i n the The r e p o r t s on member bank v a u l t cash during June were most i l l u m i n a t i n g and I i#ish to thank you p e r s o n a l l y a s well a s on behalf of the Committee f o r your prompt cooperation in securing and c l a s s i f y i n g the data. http://fraser.stlouisfed.org/ TO ALL FEDERAL Federal Reserve Bank of St. Louis Very t r u l y yours, E. L. Smead, Chairman, Committee on Bank Reserves RESERVE AGENTS*
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