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820 FEDERAL RESERVE BOARD WASHINGTON X-4215 A D D R E S S OFFICIAL C O R R E S P O N D E N C E TO T H E FEDERAL RESERVE B O A R D SUBJECT: December 18, 1924 Annual Reports of Federal Reserve Agents Dear S i r : The Federal Reserve Board has approved the recommendation made by the Federal Reserve Agents a t t h e i r recent conference, that t h e i r annual r e p o r t s be confined to a t e x t u a l discussion with such i n c i d e n t a l data and t a bles as appear proper, but t h a t detailed s t a t i s t i c a l tables be not used, and. that r e f e r e n c e be made in each annual report to the s t a t i s t i c a l data published by the Federal Reserve Board in i t s annual r e p o r t . In preparing i t s own annual r e p o r t , t h e Board will follow the same general arrangement of the s t a t i s t i c a l t a b l e s , i n both p a r t s I and I I , as was adopted in the report f o r the year 1$2^, and accordingly t h e r e w i l l be shown in p a r t I I ten schedules p e r t a i n i n g to each Federal r e s e r v e d i s t r i c t . Copies of the schedules w i l l be forwarded t o you as socm as a v a i l a b l e for comparison with any similar data that may have been prepared by your bank. In case you f e e l tha.t the tables shorn in p a r t I I of the Board's report f o r 1923, considered in the l i g h t of the s t a t i s t i c a l data given in p a r t I , are not s u f f i c i e n t l y complete, we s h a l l be glad to have you advise the Board at your early convenience of any additions t h a t you think should be made. At the beginning of p a r t I I of the report charts both f o r the System and f o r each d i s t r i c t w i l l be grouped together instead of having the chart for each bank shown on pages opposite the f i g u r e s f o r such bank. I t i s understood that you will forward the text of your e n t i r e report to the Board as in the p a s t , and that i t w i l l not be released for publication u n t i l a f t e r i t has been passed upon by the Board. Very t r u l y yours* Walter L. Eddy, Secretary. TO AIL FEDERAL RESERVE AGENTS