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

March 17, 1931.
B-277.

SUBJECT: Monthly report of discount and
open market operations, Form B-3*

Dear S i r :
There i s "being forwarded under separate cover
a supply of form B-3 (superseding Form A) , "Discount and
open market operations during the month of

"

for use of your hank beginning with the month of March.
I t will "be noted that the form c a l l s for the
t




t o t a l discount and open market operations exclusive of
"bills ^payable in foreign currencies purchased abroad, and
of United States s e c u r i t i e s bought for or from the
System's Special Investment Account.
Very truly yours,

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

TO ALL GOVERNORS EXCEPT NEW YORK*