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218

BOARD OF GOVERNORS
OF' THE

FEDERAL RESERVE SYSTEM
WASHINGTON

R-345
ADDRESS OFFICIAL CORRESPONDENCE
TO THE SOARD

November 18, 1938
SUBJErTa

Data for 1938 Annual Report of the Board
of Governors of the Federal Reserve System

Dear Sir:
It will be appreciated if you will kindly furnish us, not later
than January 151 1939, with the following data for use in the Board's
forthcoming annual report:
1. Statement showing the number of member banks in each

State (or part of State in the district) accommodated
throu;;h the discount of paper during each month of the
calendar year 1938 and during thG year as a whole.

2. Statement showing the following information as of December
31, 19381
Number of member banks in operation
Natione.l banks
State bank members
Number of nonmember banks on the par list
Nonmember State banks (exclusive of mutual savings banks)
Private banks
Number of nonmember banks not on the par list
Nornnember State banks (exclusive of mutual savings b<nks)
Private banks

3. Statement shovring the names and locations of banks (including
private banks) not on tho par list on December 31, 1937,
which during 1938,




(1) went out of existence (oth.Jr than through conversion
into or succession by natio:1'; 1 banks)
(2) wore converted int.o or succoodod by national banks
(3) wore admitted to Federal Rosorve membership
(4) wore added to par list (other than through membership)

219
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4.

2

Statement showing the names and locations of banks (including
private banks) which became non-par banks during 1938 through
(1) primary organization of non-par banks
(2) conversion of national baru<s into or succession by
nonmember non-par banks
(3) withdrawal of State banks from Federal Reserve membership
(4) withdrawal of nonmambor banks from par list

The figures of banks on tho par list and not on the par list on
December 31, 1938, should include all banks on which checks are drawn.
Statement No. 2 should show separate figures for each State or part of
State in the territory assigned to the head office and to each branch, if
any.

The total figures for each State or part of State should be recon-

oiled with the latest State banking department abstract of condition
reports and the Board advised of the

n~es

and locations of the banks

which account for any differences between the number of banks shown in
your statement and in the State banking department abstract.

A copy of

the reconcilement should accompany the statement showing the number of
nonmambor banks on pnr list and not on par list, unless the reconcilement
would delay the furnishing of the statement beyond January 15, in which
case the statement should be forwarded before the reconcilement is effected
and the Board advised of any necessary changes in the statement at the
ttme tho reconcilement is furnished.

E. L. Smead, Chief,
Division of Bank Operations.

TO TBE PRESIDENTS OF ALL FEDERAL RESERVE BANKS