Full text of Mimeograph Letters and Statements of the Board : Letter From Fiscal Agent Foulk re Part of Remaining Unpaid Balance on Assessments of Federal Reserve Banks to Cover Expenses of Board for First Half of 1937 Ordered Credited to Board's Account to Cover Cost of Erecting Board's Building, Number X-9811, Volume 46, Page 64

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

BOARD OF G O V E R N O R S
OF THE

FEDERAL RESERVE SYSTEM

X-9811

WASHINGTON
A D D R E S S OFFICIAL C O R R E S P O N D E N C E
TO THE BOARD

February 9, 1937.

Dear Sir:
Reference is made to my letter of December 31, 1936 (X-9777) with
which was transmitted a copy of a resolution adopted by the Board of
Governors of the Federal Reserve System, levying an assessment upon
the various Federal reserve banks to defray the estimated general expenses of the Board for the period January 1 to June 30, 1937, together
with approximately $1,424,000 to be applied upon the cost of the erection of a building for the Board of Governors.
It has been decided to transfer to the Federal Reserve Bank of
Richmond on February 17, 1937, a part of the remaining unpaid portion
of the assessment, and you are requested, therefore, to credit the Federal Reserve Bank of Richmond on February 17, 1937, with fifty-three
per cent (53%) of the unpaid sixty-four and eight-tenths per cent
(64.8%) in your daily statement of credits through the Inter-district
Settlement Fund for credit to the account of the Board of Governors of
the Federal Reserve System - Building Account, with telegraphic advice
to Richmond of the purpose and amount of the credit.
Very truly yours,

0. E. Foulk,
Fiscal Agent.
TO PRESIDENTS OF ALL F.R.
RICHMOND.


BANKS EXCEPT