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FEDERAL RESERVE BOARD
WASHINGTON

January 12, 1921.
St.1726.
SUBJECT:

Rdviscd form 38, Classific~tion of holdings of Discounted and Purchased Bills. ยท

Dear Sir:
With reference to the Board's letter St. 1674
dated December 24, 1920, thera are being forwarded to
you today under

s~parate.

cover

copies of revised

form 38, "Classification of Discounted and Purchased
Bi 11 s held by the Federal Reserve Bank and Agent, "
for the use of your bank (and branches, if any) during
the current year.
Very truly yours,

R. G. Emerson.
Assistant to Governor.

Letter sent to each F. R. Agent.