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FEDERAL RESERVE BOARD WASHINGTON > 46< ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD X-48S7 June 24, 1927. > SUBJECT: Expense of services rendered for Government Agencies. Dear Sir: At the recent Governors1 Conference consideration was given to the question of whether or not Federal reserve banks should he reimbursed by Federal land banks for expenses involved in paying Federal farm loan coupons. It was reported to the Board to be the sense of the Conference that in principle the Federal reserve banks should be reimbursed for services performed for Government agencies other than the Treasury, when the expense involved is sufficient to justify the banks asking for reimbursement. I am requested to advise you that the view of the Board with respect to the Federal reserve banks seeking reimbursement for such expense incurred by them is not in harmony with the vie* of the Conference, as expressed above. Very truly yours, > D. R. Crissinger, Governor. TO AIL GOVERNORS.
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