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FEDERAL RESERVE BOARD
WASHINGTON

J a n u a r y 3ยป 1 9 2 2 .
s t . 2521.
SUBJECT:

Revised form 38, Classific a t i o n of Discollated a n d
Purchased Bills-

Dear Sir:
W i t h reference to the B o a r d ' s l e t t e r St. 2 4 9 2 ,
d a t e d D e c e m b e r 17, 1 9 2 1 , t h e r e a r e b e i n % f o r w a r d e d t o
you today, under separate cover,

copies of revised

form 38, "Classification of Discounted a n d Purchased
B i l l s " f o r u s e of y o u r b a n k (and b r a n c h e s , if a n y )
during the current year.
Very truly yours,

E, L. Smead, C h i e f ,
Division of Reports and Statistics.

*

COPY SENT TO EACH F. R. AGENT.