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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE T O THE FEDERAL RESERVE BOARD September 21, 1934 B-1017 Dear Sir: Referring to the next to l a s t paragraph of our l e t t e r of May 7, 1934 (B-9S1), regarding reimbursement for extraordinary expenses incurred by Federal Reserve banks during and immediately a f t e r the banking holiday, there are enclosed, for your information, a copy of a l e t t e r dated September 17, 1934, addressed to Governor Schaller at Chicago, and a copy of his reply thereto dated September 19. Very truly yours, E. L. Srnead, Chief, Division of Bank Operations, Enclosures TO ALL GOVERNORS V cj3_E_r 5 0 7 FKDERfil RESERV3 BA1K OF CHICAGO September 19, 1934 Office of the Governor Mr. E. L.Smead, Chief Division of Bank Operations Federal Reserve Board Washington, D. C. Dear Mr. Smead: This will acknowledge receipt of your l e t t e r of September 17 regarding reimbursement by the Treasury Department in the amount of $61,285.37 for extraordinary expenses incurred during and immediately following the banking holiday. It i s noted that you have requested the detail regarding the nature of the expenses for which reimbursement was received, and also with respect to the items aggregating $63.81 which were rejected. The amount for which reimbursement was received covered telegraphic expense in making available to banking institutions in this d i s t r i c t proclamations, orders, regulations, and interpretations thereof; also, notifications to banks in this d i s t r i c t regarding the licensing of benks. The amount rejected consisted of errors in computing rates, messages sent by Western Union which should have been sent by Postal Telegraph, and charges which were not supported by copies of original messages. The telegraph companies have since reimbursed us for the amount disallowed. For your further information, we have from time to tine submitted claims for reimbursement covering printing and mailing costs in connection with circulars sent to banking institutions in this d i s t r i c t , regarding the banking holiday, regulations issued subsequently, and for transportation charges paid by this bank on shipments of gold coin and gold c e r t i f i c a t e s received in accordance with the Executive Orders, which for the most part have been paid or have been administratively approved for payment. Your cooperation in effecting these settlements i s very much appreciated. Very truly yours, (Signed) Geo. J. Schaller G Governor 538 COPY FEDERAL RESERVE BOARD WASHINGTON September 17, 193^ ADDRESS OFFICIAL CORRESPONDENCE T O T H E FEDERAL RESERVE BOARD Mr. G. J. Schaller, Governor, Federal Reserve Bank of Chicago, Chicago, 111. Dear Governor Schaller: We have been informally advised by the Treasury Department that yourbank has recently been reimbursed in the amount Of $61,285.37 for extraordinary expenses incurred during and immediately after the banking holiday. We are also informed that the Comptroller General disallowed or suspended payment on items t o t a l l i n g $63.81. In order that we may be in a position to advise the Federal Reserve banks of the action taken by the Comptroller General on vouchers covering banking holiday expenses in accordance with the next to l a s t paragraph of Board's l e t t e r 3-981 of May 7, 193^, i t will be appreciated i f you will advise us in detail regarding the nature of the expenses for which reimbursement was received and el so with respect to the items disallowed. Very truly yours, (Signed) E. L. Smead E» L. Smead, Chief, Division of Bank Operations.
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