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431 federal reserve board WASHINGTON address official correspondence t o the federal reserve board X-6785 December 30, 1930. SUBJECT: ASSESSMENT FOR GENERAL EXPENSES OF THE FEDERAL RESERVE BOARD JANUARY 1 TO JUNE 30, 1931. Dear S i r : Confirming t e l e g r a p h i c advice, t h e r e i s enclosed h e r e with copy of a r e s o l u t i o n adopted by t h e Federal Reserve Board levying an assessment upon t h e several Federal r e s e r v e banks of an amount equal t o eighty-one thousandths of one per cent (£10081) of t h e t o t a l p a i d - i n c a p i t a l stock and surplus of such banks at c l o s e of b u s i n e s s December 31, 1930, t o defray t h e estimated general expenses of t h e Board from January 1 t o June 30, 1931. Kindly deposit one-half of t h e amount of your a s s e s s ment i n the General ^-ccount, Treasurer, U. S . , on your books January 1, 1931, and one-half March 1, 1931, in each instance i s s u i n g a C/D f o r c r e d i t of " S a l a r i e s and Expenses, Federal Reserve Board, Special Fund", assessment f o r general expenses, and sending d u p l i c a t e C/D t o the Federal Reserve Board. Also please f u r n i s h a statement of your c a p i t a l and surplus used as a b a s i s f o r t h e assessment. Very t r u l y yours, W. M. IMLAY F i s c a l Agent. Enclosure. 432 X-6785-a RESOLUTION LEVYING ASSESSMENT WHEREAS, u n d e r S e c t i o n 10 of t h e a c t a p p r o v e d December 23, 1913, and known a s t h e F e d e r a l R e s e r v e A c t , t h e F e d e r a l R e s e r v e Board i s empowered t o l e v y s e m i - a n n u a l l y upon t h e F e d e r a l r e s e r v e banks i n p r o p o r t i o n t o t h e i r c a p i t a l s t o c k and s u r p l u s an a s s e s s m e n t s u f f i c i e n t t o pay i t s e s t i m a t e d e x p e n s e s , i n c l u d i n g t h e s a l a r i e s of i t s members, a s s i s t a n t s , a t t o r n e y s , e x p e r t s and employees f o r t h e h a l f - y e a r s u c c e e d i n g t h e l e v y i n g of such a s s e s s m e n t , t o g e t h e r w i t h any d e f i c i t c a r r i e d f o r w a r d f r o m t h e p r e c e d i n g h a l f - y e a r ; and WHEREAS, i t a p p e a r s from e s t i m a t e s s u b m i t t e d and considered t h a t i t i s necessary t h a t a fund equal t o e i g h t y one t h o u s a n d t h s of one p e r c e n t of t h e t o t a l p a i d - i n c a p i t a l s t o c k and s u r p l u s of t h e F e d e r a l r e s e r v e banks be c r e a t e d f o r t h e p u r p o s e h e r e i n b e f o r e d e s c r i b e d , e x c l u s i v e of t h e c o s t of e n g r a v i n g and p r i n t i n g of F e d e r a l r e s e r v e n o t e s ; Now, t h e r e fore, BE IT RESOLVED, That p u r s u a n t t o t h e a u t h o r i t y v e s t e d i n i t by law, t h e F e d e r a l R e s e r v e Board h e r e b y l e v i e s an a s s e s s m e n t upon t h e s e v e r a l F e d e r a l r e s e r v e b a n k s of an amount e q u a l t o e i g h t y one t h o u s a n d t h s of one p e r c e n t ( . 0 0 0 8 1 ) of t h e t o t a l p a i d - i n c a p i t a l and s u r p l u s of such b a n k s a s of t h e c l o s e of b u s i n e s s December 31, 1930, and t h e F i s c a l Agent of t h e Board i s h e r e b y a u t h o r i z e d t o c o l l e c t f r o m s a i d b a n k s such a s s e s s m e n t and e x e c u t e , i n t h e name of t h e B o a r d , r e c e i p t s f o r payments made. Such a s s e s s m e n t s w i l l be c o l l e c t e d i n two i n s t a l l m e n t s of o n e - h a l f e a c h ; t h e f i r s t i n s t a l l m e n t t o be p a i d on J a n u a r y 1, 1931, and t h e second h a l f on March 1, 1931.
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