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, 1931, Number B-456, Volume 35, Page 622

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FEDERAL RESERVE BOARD
WASHINGTON
address official correspondence t o
the federal reserve board

September 2, 193%.
B-456.

SUBJECT:

Functional Exoenses,
F i r s t Half, 1931.

Dear S i r :
There arc enclosed herewith
copies of the consolidated. Functional Expense
Exhibit f o r the h a l f year ending Juno 30, 1931.
A copy of the exhibit i s also being mailed
to the Governor of the bank.
Very tr uly yours,

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

Enclosure.
LETTER TO CHAIRMAN OF EACH FEDERAL RESERVE BAM*