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FEDERAL RESERVE BOARD WASHINGTON December 11, 1920St.1642 SUBJECT: Form 50 - Monthly Report of Clearing Operations . Dear S i r : Form 50, Monthly r e p o r t of c l e a r i n g o p e r a t i o n s , w i l l be p r i n t e d i n s t e a d of mimeographed f o r use during the f o r t h coming calendar y e a r , and i t i s expected t h a t a y e a r ' s supply thereof w i l l be forwarded to you during the l a t t e r p a r t of t h i s month. The Banks w i l l not be asked to c a l c u l a t e the average daily number and amount' of items handled each month during 1921, as has been the case during previous y e a r s . A memo- randum item has been added, however, a g a i n s t which each Fede r a l Reserve Bank and Branch w i l l be asked to r e p o r t the number and amount of items sent by member banks i n i t s t e r r i tory d i r e c t to other Federal Reserve banks and t h e i r branches. I t i s r e q u e s t e d t h a t arrangements be made so t h a t t h i s a d d i t i o n a l information may be a v a i l a b l e beginning with January 1, 1921. L e t t e r Very t r u l y yours, R.GJEmerson, A s s i s t a n t to Governor. sent to each Federal Reserve Agent.