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FEDERAL RESERVE BOARD WASHINGTON address official correspondence t o t h e federal reserve board August 23, 1932. B-S13'. SUBJECT: Functional Expenses, First Half, 1932. Dear Sir: There are enclosed herewith copies of the consolidated Functional Expense Exhibit for the half year ending June 30, 1932, A copy of the exhibit is also being mailed to the Governor of the bank. Very truly yours, J. R. Van Fossen, Assistant Chief, Division of Bank Operations. Enclosure. LETTER TO CHAIR!'JU*T OF EACH FEDERAL RESERVE B A M *