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FEDERAL RESERVE BOARD WASHINGTON December 2J, 1220. St.lbgj. SUBJECT: Form 1J1, Report of Average Daily Holdings of Earning Assets. Dear S i r : There i s being forwarded to you today under separ a t e cover, a supply of Form 171 - superseding mimeograph Form ]22 - f o r use i n r e p o r t i n g average daily holdings of earning a s s e t s , e a r n i n g s thereon and annual r a t e s of earnings during the calendar year 1921. Very t r u l y y o u r s , R. G. Emerson, A s s i s t a n t to Governor. ( L e t t e r sent to each F. R. Agent)