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~:-;; ,'1- ' ·:-~t ,.,,·.,.·_)c} W. P. G. HARDING, GovERNOR ALBERT STRAUSS, VICE GoVERNOR ADOLPH C. MILLER CHARLES S. HAMLIN EX-OFFICIO MEMBERS CARTER GLASS SECRETARY OF THI TREASURY .,._. CHAIRMAN JOHN SKELTON WILLIAMS FEDERAL RESERVE BOARD COMPTROLLER OF THE CURRENCY J. A. BRODERICK, SECRETARY W. T. CHAPMAN. ASSISTANT SECRETARY W. M. IMLAY, FISCAL AGENT WASHINGTON FEDERAL. RESERVE BOARD A-pril l6 , 1919• x-1482 Subjeet-: Collection of TrQde Accept~nces. ·Sir:The Ar.uericd.Il Acce:pta.me Council rus ca.lled the cl.ttention of the ~oard to the desirability of having a.t member ~ks same terms The ~s t~t fo~ acce:ptdnces which are paya.ble or c lecl.ring member b.3.nks collected free of ch:<.rge on the ba.nkers 1 Fede~l acce~t~nces tr~de ~ccept~nces Reserve be given ~11 your bQDk, if it ~~rd a.re collected. is desirous that holders of trade collection facilities possible, and reqlests ~s not-~lre~dy the collection of trade done so, effect arraDgements ~cceptQnces pa~ble·a.t wember b~nkS on the. sa.m9 terms ca-s b.3.nkers' Q.Ccepta.nces .. Very truly yours, Governor. · ADDRESS REPLY TO