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FEDERAL RESERVE B O A R D
WASHINGTON
ADDRESS OFFICIALCORRESPONDENCETO
THEFEDERAL. RESERVEBOARD

May 22, 1935.

B- 107 U.
SU3J2CT:

Fiscal Agency and Depositary
Expenses,

Dear Sir:
There is inclosed, for your information, a folder con­
taining photostatic copies of the fiscal agency, custodian­
ship and depositary expense statements for the six months
ended December 31, 193*+ submitted in response to the Board's
letter of January 2^-, 1935» 3-1057.

Statements showing

system figures for each of the various operations shown in
the exhibits and a summary thereof are also inclosed in the
folder.
Very truly yours,

E. L. Smead, Chief,
Division of 3an3. Operations

Inclosure.

TO ALL GrOVEBlTOHS OF F. E. BATES