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FEDERAL RESERVE BOARD
WASHINGTON

August 8, 1921
st.2190.

SUBJECT: Fora 44-a, Monthly Federal
Reserve Note Report.
Dear Sir:
In view of the plan outlined, in the Board's
letter, X-313^> dated June 6, 1921, providing for
interdistrict settlements for Federal reserve notes,
i t is requested that Federal reserve notes forwarded
to the hank of issue for credit by another Federal
reserve hank, and for which payment has been made
through the Gold Settlement Fund, be treated by the
issuing bank as notes on hand in the preparation of
Forms 34 and 44-a.




Kindly acknowledge receipt.
Very truly yours,

E. L. Smead, Chief,
Division of Reports and Statistics.

Letter sent to a l l Federal Reserve Agents.

St.2^258.
LOAN LIQUIDATION IN AGRICULTURAL AND IN OTHER COUNTIES.

The following analysis of loans of banks in agricultural
and non-agricultural portions of the country was prepared
for use in connection with Governor Strong's testimony before
the Joint Commission of Agricultural Inquiry.

Tables showing

figures in detail have been submitted to the Commission, and
copies are on f i l e in the Division of Reports and Statistics,
Federal Reserve Board, and in the New York Federal Reserve
Bank.

The original transcripts, as taken from the condition

reports giving data for each member bank grouped by counties,
are also on f i l e with the Division of Reports and Statistics.