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FEDERAL RESERVE BOARD WASHINGTON address official correspondence t o the federal reserve board April 22, 1931 B-319 SUBJECT: Preliminary c l a s s i f i c a t i o n of loans and investments of member "banks as of March 25, 1931. Dear Sir: There i s enclosed herewith f o r your information a copy of a memorandum and statement prepared for the Board with respect to changes in the loan and investment account of member "banks during the past quarter and the l a s t 2 years, as disclosed by the March 25 call reports. The March 25 figures as ^iven in the s t a t e ment are "based on the preliminary data furnished "by the Federal reserve agents in response to the Board's l e t t e r B-274 of March 13. The f i g u r e s shown in the enclosed statement will "be published in the forthcoming May issue of the Federal Reserve Bulletin, "but in the meantime they are given to you f o r your confidential use. Very truly yours, E. L. Smead, Chief, Division of Bank Operations. Enclosure TO AIL GOVERNORS A D AGENTS* N
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