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FEDERAL RESERVE BOARD
washington
ADDRESS OFFICIAL CORRESPONDENCE T O
T H E FEDERAL RESERVE BOARD




August 22, 1929,
St. 6280.

SUBJECT: Functional Expenses
F i r s t Half, 1929,

Dear Sir:
There are enclosed herewith

copies

of the consolidated Functional Expense Exhibit f o r
the half year ending June 30, 1929* A copy of the
exhibit i s also "being mailed to the Governor of
the bank.
Very t r u l y yours,

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

Enclosure,

LETTER TO CHAIRMAN OF EACH FEDERAL RESERVE BAITK*