Full text of Mimeograph Letters and Statements of the Board : Letter From E. L. Smead, Chief, Division of Bank Operations, re Revised Pages of Manual of Instructions for Preparation of Functional Expense Reports, Number R-673, Volume 52, Page 269

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269

BOARD OF GOVERNORS
OF THE

FEDERAL RESERVE SYSTEM

R-&73

WASHINGTON
ADDRESS

OFFICIAL C O R R E S P O N D E N C E
TO THE

BOARD

June 28, 1940,

Dear Siri
There are being forwarded to you today under separate
cover

copies of page <48 of the "Manual of Instructions

Governing the Preparation of Functional Expense Reports
(Form E)", revised as of July 1, 1940,

An additional copy

of page 48 is enclosed for your information.
Page 48 was revised in order to clarify the instructions relating to the reporting of postage and expressage,
particularly on items sent to nonpar banks for collection
and credit to the Treasurer's General Account,

It will be

noted that, with certain exceptions, both postage and express charges on outgoing shipments are to be included in
the revised "Postage and Expressage" function.
Very truly yours,

E, I*, Smead, Chief,
Division of Bank Operations,
Enclosure

TO THE PRESIDENTS OF ALL FEDERAL RESERVE BANKS