Full text of Mimeograph Letters and Statements of the Board : Letter From J. R. Van Fossen, Asst. Chief, Division of Bank Operations, re Additional Figures Requested Related to Allocation of Service Charges for Fiscal Agency, Custodianship and Depositary Functions, Number R-517, Volume 51, Page 53

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53

BOARD OF GOVERNORS
OF THE

FEDERAL RESERVE SYSTEM

h

R- 517

WASHINGTON
A D D R E S S OFFICIAL C O R R E S P O N D E N C E
TO THE BOARD
********

August 8, 1939

Dear Sir:
In our letter dated June 15# 1959# (R-W5)
it was stated that a review was being made of the allocation of service charges by the Federal Reserve banks
to the units of the Fiscal Agency# Custodianship# and
Depositary function on Form E, and you were requested
to furnish this office with certain additional figures.
The figures requested have now been received from all
Federal Reserve banks and the attached statement has
been prepared showing a classification of the expenses
of the various units of the Fiscal Agency# Custodianship, and Depositary function for the first and second
halves of 1938# as to "Direct" expenses and "Service"
charges.
Very truly yours,

y R . Van Fossen, Assistant Chief
Division of Bank Operations.

Enclosure
(B-12l|2)

TO THE PRESIDENTS OF ALL FEDERAL RESERVE BAMS