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1C7.3 W . P . G . H A R D I N G . GOVERNOR EX OFFICIO M E M B E R S E D M U N D P L A T T , V I C E GOVERNOR ADOLPH C. MILLER DAVID F . H O U S T O N SECRETARY OF THE TREASURY C H A R L E S S . HAMLIN CHAIRMAN FEDERAL RESERVE BOARD JOHN SKELTON WILLIAMS COMPTROLLER OF THE CURRENCY H E N R Y A. M O E H L E N P A H W . T . C H A P M A N , SECRETARY R . C . E M E R S O N , ASSISTANT SECRETARY A D D R E S S REPLY TO FEDERAL RESERVE BOARD WASHINGTON W . M. I M L A Y , FISCAL AGENT November 22,1$20. X~2067 Subject: Queries with Respect t o Interlocking Directorates. Dear S i r : In the r e p o r t which the accompanying l e t t e r dated November 22, 1920., r e q u e s t s you t o make, the Board would l i k e t o have you answer s p e c i f i c a l l y the following, questions a s t o each i n t e r l o c k i n g d i r e c t o r a t e reported by you by reason of t h e r e being competition which i s more than nominal between t h e banks involved: 1. The l o c a t i o n of each bank: whether i n the same or i n d i f f e r e n t p l a c e s or c i t i e s . 2. How f a r d i s t a n t from one a n o t h e r . 3. If s i t u a t e d i n t h e same place or c i t y , a r e they i n the same or d i f f e r e n t business community, 4. Do they serve or s o l i c i t business from the same or d i f f e r e n t c l a s s e s of customers. 5- The amounts loaned by each bank on customers paper, secured or unsecured. 6, The amounts invested i n paper bought i n t h e open market. 7- What i n t e r e s t r a t e , if any, does each bank pay on each c l a s s of d e p o s i t s , 5. What i s volume of each c l a s s of d e p o s i t s . Yours very t r u l y , Governor. To Chairmen of a l l F.R. Banks.
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