Full text of Mimeograph Letters and Statements of the Board : Letter From E. L. Smead, Chief, Division of Bank Operations, re Functional Expenses, Second Half, 1931, Number B-712, Volume 36, Page 561

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

April 9, 1932.
B-712.

SUBJECT:

Functional Expenses,
Second H a l f , 1931.

Dear S i r :
There are enclosed herewith
copies of the consolidated Functional Expense
Exhibit f o r the h a l f year ending December y i , 1931
A copy of the e x h i b i t i s a l s o "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 CHAIRIIAF' OF EACH FEDERAL RESERVE BAITS*