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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO T H E FEDERAL RESERVE BOARD February 21, 1928, st. SUBJECT: 5691. Branches of Member and Itfonmember b a n k s . Dear S i r : There i s e n c l o s e d h e r e w i t h a copy of a memorandum and accompanying s t a t i s t i c a l d a t a , r e c e n t l y p r e p a r e d f o r t h e B o a r d ' s i n f o r m a t i o n , on t h e s u b j e c t of b r a n c h e s of member and nonmember banks on February 25, 1927 ('.'/hen the McFad.den b i l l became a lav?) and on June 30, 1927* Very t r u l y y o u r s , Walter L. Eddy, Secretary. Enclosure. TO ALL GOVERNORS AHD FEDERAL BESEBVE AGENTS*