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W . P. G. HARDING, GOVERNOR P AU L M. WARBURG, VICE GOVERNOR FREDERIC A. DELANO ADOLPH C. M ILLER CHARLES S. HAMLIN Ex -O f f ic io M e m b e r s W ILLIAM G. McADOO SECRETARY OF THE TREASURY CHAIRMAN JOHN SKELTON W ILLIAM S COMPTROLLER OF THE CURRENCY ^RKER W ILLIS . SECRETARY [MAN P. ALLE N , ASST. SECRETARY and Fiscal Agent FEDERAL RESERVE BOARD WASHINGTON ADDRESS REPLY TO FEDERAL RESERVE BOARD February 21, 1917- Dear Sir: It appears from recent correspondence with some of the Federal reserve banks that there is a lack of uniformity in the protection afforded under certain forms of casualty insurance carried by the banks. The officials of some of the banks feel that insur ance carried protects them against loss by forgery, while others advise that they are not so protected. The Board desires to look into this matter of insurance,* with the view of bringing about uniform methods if possible, and I am therefore request ing that you forward to this office a memorandum of the forms and amounts of the insurance carried by your bank. Thanking you in advance for your courtesy, I am, Very t r u l y y o u rs, Governor
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