Full text of Mimeograph Letters and Statements of the Board : Letter From E. L. Smead, Chief, Division of Bank Operations, re Functional Expenses, First Half, 1927, Number St. 5465, Volume 27, Page 460

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FEDERAL RESERVE BOARD
WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE TO
THE FEDERAL RESERVE BOARD

August 16, 1927
st.

SUBJ3GT:

5465

F u n c t i o n - ! Expenses,
F i r s t Half, 1927.

Dear S i r :
There are e n c l o s e d . h e r e w i t h

conies

of the c o n s o l i d a t e d Functional Expense e x h i b i t f o r
the h a l f ye-~r ending J ^ e JO, 1927.

A copy of

the e x h i b i t i s a l s o "bein6 mailed to the Governor
of the "bank.
Very t r u l y yours,

E. L. Smead, C h i e f ,
D i v i s i o n of Barfc: Operations.

Enclosure.
L5T"T. TO CHAIR C 2 OF EACH FEDERAL EESTRV? EA'TK*
AT