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EX OFFICIO MEMBERS W . P . 6 . H A R D I N G . GOVERNOR A L B E R T S T R A U S S . VICE GOVERNOR CARTER GLASS SECHGTA&YIOF THE TREASURY CHAIRMAN FEDERAL RESERVE BOARD JOHN SKELTON WILLIAMS COMPTROLLER OF THE CURRENCY ADOLPH C MILLER CHARLES S. HAMLIN HENRY A. MOEHLENPAH W . T . C H A P M A N , SECRETARY R . G . E M E R S O N , ASSISTANT SECRETARY ADDRESS REPLY TO W . M. IMLAY, FISCAL AGENT WASHINGTON FEDERAL RESERVE BOARD X-176* December 18, 1919. SUBJECT: ASSESSMENT FOR GEHERAL EXPENSES OF THE FEDERAL RESERVE . BOARD, JANUARY I TO JUNE 2Q, 1 9 2 0 . Bear S i r : - ' There i s inclosed herewith f o r your information and uttentipn copy of a r e s o l u t i o n adopted by the Federal Reserve Board at a meeting held on December 17, 1919, levying an assessment upon the several Federal Reserve Banks of an amount equal to twenty-five hundredths of one per cent ( ,0025) of the t o t a l paid-in c a p i t a l stock «.nd surplus of such bunka-. to Jyfroy the' estimated general expenses of the Federal' - Reserve Board from January 1 to June 30, 1920. This assessment does not include the cost of engraving and p r in tin g Federal Reserve n o t e s . There i s a l s o i n c l o s e d a statement showing t h e b a s i s upon which t h e assessment i s l e v i e d . The assessment should be computed upon your p a i d - i n c a p i t a l and s u r p l u s a s of c l o s e of b u s i n e s s December 31, 1919, t h a t i s , upon c a p i t a l p a i d - i n a s shown by books on t h a t d a t e , and s u r p l u s a f t e r adjustment in a c cordance w i t h c i r c u l a r l e t t e r X-1741, dated December 3, 191y. I have the honor t o request that you bring t h i s matter t o the early a t t e n t i o n of the Board of Directors of your bank, and deposit one half of the amount of your assessment in the General account, Treasurer, U. S . , on your books on January 1, 1920, and sne-half on March 1, 1920, in each instance i s s u i n g a C/d on Form 1, National Banks, f o r c r e d i t of "Sala r i e s and Expenses, Federal Reserve Board, Special Fund," assessment f o r general expenses, Kindly send duplicate C/D to Federal Reserve Board. Very t r u l y yours, Inclosures. F i s c a l Agent. L e t t e r s e n t t o Ghairman of Federal Reserve Banks,
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