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W. P. G. HARDING. GoVERNOR ALBERT STRAUSS, VICE Govl!~~ -<t ADOLPH C. MILLER ' , ,: .. ' •1•• EX-OFFICIO MEMBERS WILLIAM G. MCADOO CHARLES S. HAMLIN .•· ··<.• SECRETARY OF THE TREASURY CHAIRMAN JOHN SKELTON WILLIAMS J. A. BRODERICK. SECRETARY FEDERAL RESERVE BOARD COMPTROllER OF THE CURRENCY L. C. ADELSON, ASSISTANT SECRETARY VI. T. CHAPMAN. ASSISTANT SICRITARY W. M. IMLAY, FISCAL AliENT WASHINGTON ADDRESS REPLY TO FEDERAL. RESERVE BOARD Docorrbar 14,1918. X-1307 Rates of Discount. SUBJECT: Dear Sir: Y~ hav0 been reporting to the Board wwekly, on form No.X-877, rates of discount prevailing in your district and your rocorr.mcmdations as to what changes, if any, should be ~de. As you know, the Board requested that in order to havo all reports consid.:>r::Jd at the Board tDtDting on Thursday, your report be in its hands each 1Vednesday., and carry your rocorr:n:endaticns of rates for tho succeeding wook. •. Tho Board has decided to discontinue the uso of those uail and requests that r~corr.mendaticns of ch~nges be sent in by telegraph on each Waanosday. If it is desired to continue in effect prevailing iatos, a telegram to that effoct should be sont 6 so that the rate situation in your district rray be before the Board constantly~ In telegraphing c~ngos reconnandod~ kindly identify tho various classes by the code words shCJwn in form X-877 1 as follows! r~ports, . DISC O.U NT S CODE WORDS; Y~turities in days DAIS : :Within :15 days :includ:ing .m3mber ;banks' :collat:oral :not'3s . : DEAN : DINE DOOR : DUAL .. : : :Secured by u.. s. :16 to :61 t.o :Agricul-:c.ertificates of : 1 to :61 to: All : 60 day., 90Dan tural :indo btodne ss or : 60 day e1 90 ;maturwi:t is:s. : inclus":'inclus~ .=tnd :Liberty Loan : inclus: inclu., :-ivs ?:-ivo . :live --~b~o~n~d~s~------ -iva : -ive: : -: :stock :within 15: : : : :paper :days in... : 16 : : : :CVdr 90 :eluding to : :days :mJmber 90 : :banks' :days · : : . . : : .• Open .. Trade ... Y.arkot :Acceptancos : Pur: • .. DALE .. DYRE: DRUM . : : . : . .collator-:inclus~ "al notes : .. ive : : : Kindly acknowledge receipt • • The ~airnan1 Fodoral Reserve Bank1 Respoctfully1 Governor.
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