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-482, Volume 35, Page 626

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federal reserve board
WASHINGTON
address official correspondence t o
the federal reserve board




September 4, 1931*
B^-482*
SUBJECT:

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

Dear S i r :
In the Functional Expense exhibit f o r the
f i r s t half of 1931 forwarded to you with our l e t t e r
B-456 of September 2, the shipping charges incurred
by the Pittsburgh, and Birmingham branches on s h i p ments of currency and coin to and from member and
nonmember banks were erroneously shown under Issue
and Redemption of Federal Reserve Currency.

Accord-

ingly we have revised page 9 and are enclosing herewith

copies which may be s u b s t i t u t e d f o r the

corresponding page in the exhibits furnished you.
Very truly yours,

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

Enclosures
TO CHAIRMUS OF AIL FEDERAL RESERVE BAMS*