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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.