Full text of Mimeograph Letters and Statements of the Board : Letter From Governor Crissinger re Participation of Liquidating Member Banks in Election of Class A and B Directors, Number X-4505, Volume 24, Page 92

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FEDERAL RESERVE BOARD
WASHINGTON
address official correspondence to
the federal reserve board

X-4505

January 19, 1926
SUBJECT: Participation of liquidating member "banks
in election of Class A and B directors.
Deal* Sir:
In answer to an inquiry made by the Chairman of one of the Federal reserve banks, the Federal
Reserve Board ruled that member banks in process of
liquidation, either under voluntary or involuntary
T
proceedings, may not participate in the election of
Class A and B directors of Federal reserve banks.
Very truly yours,

D, R. Crissinger,
Governor.
TO ALL CHAIRMEN OF F. R. BA.NKS#