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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*