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

April it, 1934
B-813.

SUBJECT;

Functional Expenses,
Second Half, 1933.

Dear Sir;
There are enclosed herewith
copies of the consolidated Functional Expense
Exhibit for the half year ending December 3*> 1933%
A copy of the exhibit is also being mailed to the
Governor of the bank.
Very truly yours,

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

Enclosure.

LETTER TO CHAIRMAF OF EACH FEDERAL RESERVE BAP3*