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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.




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