The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
x.-.w. ....~RDIIIG WILLIAII G. IICADDO IICIITARY or THI TRaAIURY CHAIRMAN JOHN SKELTON WILLIAIIS COMPT'IOLLII ;r.;;••". '-'5 ...: •• PAUL II. WARBURG, YIGI80YIUOR f'RIDIRIC A. DELANO ADDLPH C, IIILLER CHARLEI S. HAIILIN FEDERAL RESERVE BOARD or THI CURRINCY WASHINGTON H. PARKER WILLIS, SICIITAIY IHIR.IIAN P. ALLEN, MIT. IICIITAIY· AJID PliCAL AeiNT ADDU.8 R.PLY TO PllDI:ItAL RUIERVI: IIOARD • JaJUe.ry 21, 1918. Dear Sir: 'J'here have been sCIDe cases where cash or sevuritiee belonging ~o Faderal reserve b&r.ke have been abstracted or where securities sent in br memb~r enl reserve bant., banta and receipted for b7 a representative of a f.edl'ta~re d'-sappeared. the Board bas received no inforua- t10D np.rcling, these occul·rences until sClllle tw after they ave t.aken place# and in one ins~ance ita first knowledge of the cirCWDS'tazlce ba.s oca tbrOl.lgh the newspapers. In the event that yOllr ba.nt shQlld have a misfortune of this kiDd• you should, as . ohairrran of the board of directors of ycur bank, · reqaire the natter to be repcrtf>d to ycu at 011ce in order tbat yeA& rray, aa Fede~l reserve agantJ advise the heard pram,tly. Aavioea trans- ILit"d by JOU should state tull particulars, includi.ng steps which .have been taken to sec':.lre reaovery or to protect the blmk against loss. It is necessary that the Board have thil inf onratioa uucU.at•lr· .tn order that it rrAJ eecurs the cooperatioa of the secret service wben n.eces8ary. Very truly yCA&rs 1
@FedFRASER