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FEDERAL RESERVE BOARD
WASHINGTON

x-Uo4g*

ADDRESS OFFICIAL CORRESPONDENCE TO
THE FEDERAL RESERVE BOARD

May 7i 192%

SUBJECT:

Report of Committees of Experts to
Reparation Commission.

Dear S i r :
By d i r e c t i o n of the f e d e r a l Reserve
Board, I am t r a n s m i t t i n g herewith a copy of t h e
complete o f f i c i a l English t e x t , with annexes, of
t h e Report of Committees of Experts to Reparation
Commission.
Very t r u l y y o u r s ,

J . C. Noell,
Assistant Secretary.

TO DIRECTORS, CHAIRMEN AND GOVERNORS OF ALL F.R. BANES,
AND DIRECTORS OF ALL BRANCHES.




FEDERAL RESERVE BOARD
WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE T O
T H E FEDERAL RESERVE BOARD

X-4051a
May 9, 1924.

SUBJECT:

Regulation "J", Series of 1924,

Dear S i r :
The Federal Reserve Board has adopted
the enclosed Regulation "J", Series of":.l'92U, which
supersedes i t s Regulation "J" of 192c.
This
Regulation i s e f f e c t i v e immediately, and you are
requested to prepare and send copies to a l l of your
member and clearing non-member banks.
Yours very t r u l y ,

Edmund P i a t t ,
Vice Governor.

To Governors of a l l F. R. Banks
Copies t o Agents.