Full text of Mimeograph Letters and Statements of the Board : Letter From E. L. Smead, Chief, Division of Bank Operations, re Expenses Incurred in Carrying Out Instalment Credit to Be Reported by Federal Reserve Banks, Number R-873, Volume 55, Page 67

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BOARD OF GOVERNORS
OF" THE

FEDERAL RESERVE SYSTEM

R-873

WASHINGTON
ADDRESS OF"F"ICIAL CORRESPONDENCE
TO THE BOARD

August 22, 1941

•
Dear Sir:
It will be a.pprecia.ted i.f' you will report
expenses incurred in ca.rr;ying ont n;gvla.tions issued by
~he Board of Go,rernors under authority of section 5(b)
of the Act of October 6, 1917, as amended, and Executive Order No. 8843, dt:itud August 9, l9l.tl, on page 10
of the Functional Expense Report, Form E, in a new
function entitled, "Instalment Credit". We !'.rc now revising th(3 neces"Sa.ry pages of' Form E c.nd of the manual
of instructions governin~ its prep~; ration, and they
will bo forwardod to you when comp10ted.
Very truly yours,

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~, L. Smead, Chief,
Division of Btmk Opcrntions

TO Tim PRESIDENTS OF ALL FEDERAL RSSERVE BANKS