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FEDERAL RESERVE BOARD WASHINGTON address official correspondence t o the federal reserve board April 23. I93I 3-323 SUBJECT: Branch, Group, and Chain Banking, December 31, 1930. Dear Sir: Enclosed herewith i s a memorandum recently submitted to the Board on the above subject. While the memorandum i s marked "Hot for publication," i t i s expected that an a r t i c l e summarizing the s t a t i s t i c s on t h i s subject will be printed in a forthcoming issue of the Federal Reserve Bulletin. Very t r u l y yours, E. Ii. Smead, Chief, Division of Bank Operations. Enclosure TO ALL FEDERAL RESERVE AGE33TS*