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BOARD OF GOVERNORS OF" THE FEDERAL RESERVE SYSTEM WASHINGTON ADDRESS DF'F'ICIAL CORRESPONDENCE TD THE BOARD 1\;a.y 3. 1941 Dear Sir: There is enclosed for your information a copy of a letter to one Federal Reserve Bank in response to an inquiry regarding the method of reporting on Daily Balance Sheet, Form 34, certain transactions in connection with Defense Savings Bonds. E~ 1. Smead, Chief, Division of Bank Operations Enclosure TO THE PRESIDENTS OF ALL EXCEPT MINNEAPOLIS FEDERAT.~ RESERVE BANKS May 1, 1941. Mr. 5 Vice President and Secretary, Federal Reserve Bank of Dear Mr. Reference is made to your letter of April 24, regarding the method of reporting on Daily Balance Sheet, Form 34, certain transactions in connection with Defense Savings Bonds. It is suggested that the stock of unissued Defense Savings Bonds be included on the reverse of Form 34 in the item 11 0ther custodies held as Fiscal Agent of the United States." It is also suggested that collateral security deposited by issuing agents and Series E Defense Savings Bonds on consignment be reported on the reverse of the form following the printed collateral and custodies items as shown below: Defense Bonds on consignment Collateral - Issuing Agents Very truly yours, (Signed) E. 1. Smead E. 1. Smead, Chief, Division of Bank Operations
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