Full text of Mimeograph Letters and Statements of the Board : Letter From E. L. Smead, Chief, Division of Bank Operations, re Functional Expense Exhibit for First Half of 1941, Number R-882, Volume 55, Page 83

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BOARD OF GOVERNORS
OF" THE

FEDERAL RESERVE SYSTEM
WASHINGTON
AOORESB OF"F"ICIAL CORRESPONDENCE
TO THE BCARO

..

September 16, 1941

Dear Sir:
There is enclosed for your information a
copy of the Board's Functional Expense Exhibit for
the first half of

19L~l,

which has been compiled from

the semi-annual functional expense reports (Form E)
•

..

•



received from the Federal Reserve Banks and Branches.
Additional copies are being forwarded under separate
cover.
Very truly yours,

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

Enclosure
TO THE: CHAIRN:EN JJJD PRESIDENTS OF ALL

FEDEPAL RESERVE BANKS
(Enclosures with addressed copies only)