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WILLIAH G. HCADOO
SECRETARY OP THE TREASURY
CHAWNAN

X-6I9

JOHN SKELTON WILLIAM
COMPTROLLER OP THE CUEBBECT

F E D E R A L

R E S E R V E

B O A R D

W. P. a . HARDING.
PAUL H. WARBURG.
PRID1RIC A. DELANO
ADOLPH C. HILLER
CHARLEG 8. HAHL1N
H. PARKER WILLIS. SECRETARY
SHERHAN P. ALLEN, AHT. SECRETARY
an d fis c a l a s s e t

WASHINGTON

December 29, 1917

Dear Sir:

,

.

«

Section 9 of the Federal Reserve Act provides that
state banks admitted to membership .under authority of that
section shall be required to make reports of condition and of
the payments of dividends to their respective Federal Reserve
banks, reports to be made on call of the Federal Reserve bank,
on dates tp be fixed by the Federal Reserve Board«
You will call upon your state member b~nks for in­
formation as to dividends paid and disposition of earnings
for the dividend period ending December 31st and the Board
will within a short time telegraph you advising you of the
date fixed for vdiich you should call for report of condition
from 'your state bank members* The necessary printed blanks
for their reports are in transit to you. In forwarding forms
to your state bank members, please instruct each one to fill
out the forms in triplicate, retaining one copy for itself,
and sending two copies to you as promptly as possible after
the date of the report has been cozmunicated to it: As those
reports are received, retain one copy for your files and send
one copy to the Board. Please advise the state bank members
that no publication of these reports is required, although
there is no objection to their publishing them as an official
report made to the Federal Reserve bank if they care to do so»




Ver7 truly yours,

Governor