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204 IX OPI'IOIO MKM.KII• c:ARTEII •LASS SICIIITAIIY OP THI TIIAIUOY CHAIIIIAII .. FEDERAL RESERVE BOARD· JOHN SULTON WILUAIIS · CO.PriOLUII OP THI CUIIIMCT W. P ••• HARDINII. IIOVIIOOI ALBERT BTIIAUIS. VfCI IIOVIINOI ADOLPH C. IIILLEII CHARLES S. HAIILIII HENRY A.JIOIHLIHPAK ... T. CHAPIIAH. SICIITA&Y R. 8. EMERSON. AUIITANI SICRITAIT ADDIIU• IIII:PI.Y TO PBDERALRESERVEBOARD W. JI.IJILAY. FliCAL A81NT WASHINGTON February 21, 1920 X...l84l Change in Code for Telegraphic Advice of Approral of Applications for "'Dbersh1p. Subject: Dear Sir:;.. Referring to Board •s letter .,_1828 of February 10, 1920. and enclosed code for use in telegraphic advice of approval of applications of state institutions for membership, you are advised · t-t condition 11\d)er fOU.J' has been amended by tbe addition of the follOWing 9lawse: · • and that you will exercise all powers with due regard to the ~Jafety of 70U.r c us taners .. " So that tbe cdind.ition as amended reads as follows: " Ta.at except with the approval of the Federal ReserYe :Boar4, there shall be no change in • the general cl:Jaracter of 7<>Ur assets or broadening 1n the functicm.s now e~~ised by you, s~ aa will tend tQ atfect materially the standarD. now maintaine.d 'am required as • condition, of· membership am. that you will exereise all p~rs with due regard to the safety of your customers.• Plaase change your cop;r of the code accordingly. lery tzuly yow-s, · Assistant Secretar7- To Cbainuen of all F.R. :BaDka.
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