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562 FEDERAL RESERVE BOARD WASHINGTON A D D R E S S OFFICIAL CORRESPONDENCE TO T H E FEDERAL RESERVE B O A R D ITovember 10, 1932. B-S47. SUBJECT: Preliminary classification of loans and investments of member banks as of September JO, 1932. Dear Sir: There is inclosed 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 third quarter of 1932 and the last year, as disclosed by the September condition reports. Figures for the Sep- tember 30, 1932 call are based on the preliminary data furnished by the Federal reserve agents and will be published in the forthcoming ITovember issue of the Federal Reserve Bulletin, Very truly yours, E. L. Smead, Chief, Division of Bank Operations. Enclosure, TO ALL GOVERNORS AKD FEDERAL RESERVE AGENTS*
@FedFRASER