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384 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON ADDRESS OFFICIAL C O R R E S P O N D E N C E TO THE BOARD July 13, 1936 B~II64. Dear Sir: In order to keep the Board advised of the stocks of United States currency on hand in the one and two dollar denomination# the Federal Reserve banks have for several years, at the Board's request, been wiring the amount of new, fit and unassorted ones and twos held at the Close of business each Friday night. Such information was. particularly helpful when the supply of ones available at the Treasury was inadequate at times to meet the demands of the various Federal Reserve banks* The Treasury is now, as you know, in a position to supply sufficient one and two dollar bills to meet all normal demands of the Federal Reserve banks and it is thought that weekly mail reports in lieu of the present telegraphic reports will now suffice for our purposes, A supply of a form (B-31) for use in submitting the report is inclosed. It will be noted that the form calls for a report on holdings of notes of the five dollar denomination as well as of ones and twos. http://fraser.stlouisfed.org/ TO Att PEBsrDsarrs Federal Reserve Bank of St. Louis Very truly yours, E, L, Srnead, Chief, Division of Bank Operations
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