The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BOARD WASHINGTON May 15, 1923' ADDRESS OFFICIAL CORRESPONDENCE T O St. THE FEDERAL RESERVE B O A R D SUBJECT: 3515. Contingent l i a b i l i t y on b i l l s purchased f o r f o r eign correspondents. Dear S i r : With r e f e r e n c e t o the Board 1 s telegram TBAUS 315 of A p r i l 25, 1923, s t a t i n g t h a t a new item "Contingent l i a b i l i t y on b i l l s p u r c h a s e d f o r f o r e i g n c o r r e s p o n d e n t s , " would be added t o the weekly p r e s s statement showing the c o n d i t i o n of F e d e r a l r e serve banks, we f i n d t h a t i t h a s been n e c e s s a r y to make some changes i n the t o t a l amount of t h i s item as shown on the l i a b i l i t y s h e e t of weekly p r e s s statements i s s u e d during the p a s t y e a r . When p u b l i s h i n g comparative f i g u r e s f o r l a s t year the Board w i l l of course show t h e r e v i s e d f i g u r e s , and i n o r d e r t h a t there may be no d i f f e r e n c e between the B o a r d ' s p r e s s s t a t e m e n t s and those i s s u e d a t your baxir, the n e c e s s a r y r e v i s i o n s a r e given below: Date 1922 - Original figures May August October 31 2 9 23 11 12 December . 6 1923 -January March 33,921 31,050 34,349 29,860 29,563 29,576 31,532 35,265 31,007 33,593 33,950 33,922 33,951 33,912 33,913 33,925 34,581 34,577 34,395 29,567 23,963 29,976 30,435 27 3 10 34,014 7 2S.S4S 24 lit Revised f i g u r e s 28,644 .Any changes made i n the amount of t h i s item a s p u b l i s h e d i n f u t u r e weekly statements w i l l be t e l e g r a p h e d t o you, a s i s now done i n t h e tiase of a l l o t h e r i t e m s . Very t r u l y y o u r s , E. L. Smead., C h i e f , D i v i s i o n of Bank O p e r a t i o n s , LETTER TO F. R. AGENT AT ALL BAU.C8 EXCEPT RICHMOND.
@FedFRASER