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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*