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FEDERAL RESERVE BOARD
WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE TO
THE FHBERAL RESERVE B O A R D




January 23, 1923*
S t . 3314-

SUBJECT:

R e v i s i o n of Form 38.

Dear S i r :
T h e r e a r e b e i n g f o r w a r d e d t o you t o d a y u n d e r
s e p a r a t e cover

c o p i a s of form 38 - " C l a s s i f i -

c a t i o n of d i s c o u n t e d and p u r c h a s e d b i l l s h e l d by t h e
Federal Reserve Bank."

I t w i l l be n o t e d t h a t t h e

form i s i d e n t i c a l w i t h t h e one i n u s e d u r i n g 1922
e x c e p t t h a t t ' . e c l a s s i f i c a t i o n of p u r c h a s e d b i l l s
a c c o r d i n g t o endorsement h a s been e l i m i n a t e d .
Very t r u l y y o u r s ,

E. L. Smead, C h i e f ,
D i v i s i o n of Bank O p e r a t i o n s .

DRAFT OF LETTER TO BE SENT TO
THE GOVERNOR OF EACH F. R. BANK.