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FEDERAL RESERVE BOARD WASHINGTON January 11, 1Q27 s t . 5232 ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD SUBJECT: Paper Secured "by Adjusted Service Certificates, and Revised Foi'm A. Dear Sir: In order that the method of reporting paper secured "by adjusted service certificates discounted for member and nonmember "banks, may " e substantially the same b at all Federal reserve banks, it is requested that such paper " e designated "by the symbol ASC on BD-4 discount b schedules, and that paper discounted for nonmember banks be grouped together under a general head or the word "HOKMEMBBR" shown in capitals immediately following the name of the nonmember bank for which discounted. The number of member and of non-member banks accommodated by the discount of paper secured by adjusted service certificates should be reported separately eachmonth on Form A as indicated on the revised form, a supply of which for use in 1927 is enclosed herewith. Very truly yours, E. L. Smead, Chief, Division of Bank Operations. Enclosure. LETTER TO GOVEHEOBS OF AIL F. R. B A M S *
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