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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD June 22, 1927 st. 5415 SUBJECT: Gold Bullion and Foreign Gold Coin held by Federal Reserve Banks. Dear Sir: For some time we have "been compiling figures relating to the cash holdings of the Federal reserve "banks for the earlier years in order that certain revisions may be made in the Treasury department's circulation statement from the beginning of the System to date. In going into this matter we find that we have no information on file showing the amount of foreign gold coin and of gold bullion held by your bank (including amount pledged with agent) on the last day of each month from November 1914 to November 1920. We assume that your bank held very little, if any, foreign gold coin or gold bullion during this period, but would lilpe to have you furnish us with a statement as of the end of each month during this period, in order that the revision to be made in the circulation statement may be as accurate as possible. Very truly yours, E. L. Smead, Chief, Division of Bank Operations. TO ALL F. E. AGENTS EXCEPT HEW YORK* 508
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