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300 w. P ••• HARDING, GOYIINOI DAVID P.HOUIHofN IICa&'r.t.RY OP THI TRIAIUIY CHAIRIIAN FEDERAL RESERVE BOARD JOHN SKILTON WILLIAMS COMPTIOLLII OF THI CUIIIIICY ADDRU• RIIPJ..Y TO FECERAL RESERVE BOARC WASHINGTON ALIIRT STRAUSS, VICI GOYIINOI ADOLPH C. MILLER CHARLES S. HAMLIN HENRY A. MOEHLENPAH W. T. CHAPMAN, SICRITARY R. G. EMERSON, AISIITANT SICIITAIY W, JI,IIILAY,PIICA~ AIINT April 5, 1920. X-1884 SUBJECT~ Dear Federal Reserve Clearing System .. Sir~ There is enclosed herewith fer your infor:rration copy o£ a letter written to a United States Senator in reply to a letter frtlm him to the Board with regard to a complaint made to the Senator by a State banking commis.sioner that bank.; in certain States have been given special privileges by the Fedex·al Reserve Beard in being permitted to. ctintinue their exchange charges while b~-s in other States are remitting at par. Very truly yours, Governor. Enclosure. Lettc::r to Chairm:m of all Batllrs.