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FEDERAL RESERVE BOARD WASHINGTON December 24, 1920. st.1676 SUBJECT: 1 9 a E d i t i o n of Form 3U, Daily Balance Sheet, Dear S i r : With r e f e r e n c e to the d a i l y balance sheet Form 3^, the 1921 e d i t i o n of which i s "being forwarded to each Federal Reserve Bank and Branch as r e c e i v e d from the Government P r i n t i n g O f f i c e , may w ask t h a t the special a t t e n t i o n of the @ Bank be i n v i t e d to the following changes made i n the form: Code items BAZE and BEDE have been changed so as to r e p r e s e n t a l l paper secured by U, S. Government o b l i g a t i o n s , i n s t e a d of paper secured by U. S. wax o b l i g a t i o n s as shown on the p r e s e n t e d i t i o n of the form* Corresponding changes have been made i n the d e t a i l e d c l a s s i f i c a t i o n appearing on the r e v e r s e side of the form* Several of the code words shown i n the "Uncollected Items" block of the p r e s e n t form having been eliminated, the SETL telegram sent to the Board on Saturday morning should show the necessary change i n u n c o l l e c t e d items a g a i n s t code item BUDA* Other changes r e s u l t i n g from the settlement through the gold fund should be r e p o r t e d against code items BABE, TEND, TEAM, TOTE, CURL and TRAP. Beginning with January 1 dividends are to be accrued d a i l y and the gross amount r e p o r t e d , i n the space provided t h e r e f o r , as a deduction from current n e t earnings i n order to . a r r i v e a t the n e t amount of earnings a v a i l a b l e f o r surplus and f r a n c h i s e t a x . The amount of such dividends accrued, p l u s i n t e r e s t received from new members account c a p i t a l stock requirements, and l e s s dividends p a i d i n the c u r r e n t p e r i o d on account of the surrender of c a p i t a l stock, should be shown a g a i n s t item ,f Accrued dividends unpaid 11 i n the 'Miscellaneous L i a b i l i t i e s " block* Yours very t r u l y , R* G. Emerson, A s s i s t a n t to Governor. L a t t e r sent to each F.R.Agent,
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