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

SUBJECT:

July 28, 1932.
B-831.
Preliminary classification of loans
and investments of member banks as
of June 30, 1932.

Dear Sir:
There is enclosed for your information and confidential use, a copy of a memorandum and statement
prepared for the Board with respect to changes in
the loans and investments of member banks during the
first half of 1932 and the last two years, as disclosed by the June 30 condition reports.

Figures

for the June 1932 call are based on the preliminary
data, furnished by the Federal reserve agents and will
be published in the forthcoming August issue of the
Federal Reserve Bulletin.
Very truly yours,

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

Enclosure.

TO ALL GOVERNORS AND FEDERAL RESERVE AG-EFTS*