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FEDERAL RESERVE BOARD WASHINGTON December l4, 1920. St. SUBJECT: l64g. Holdings of U- S. S e c u r i t i e s * Dear S i r : Will you k i n d l y f u r n i s h the Board, as soon as p r a c t i c a b l e a f t e r December 31, 1920, with a statement showing your holdings of U. S- s e c u r i t i e s a s at the close of "business on December 31, 1920, c l a s s i f i e d in d e t a i l i n accordance with the t a b l e p r i n t e d on page 132 of the I919 annual r e p o r t of the Federal Reserve Board. Very t r u l y yours, R. G. Emerson, A s s i s t a n t to Governor. (Letter sent to each Federal Reserve Agent)