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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.