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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE T O THE FEDERAL RESERVE B O A R D January 2, 1924, St. 3868. SUBJECT: C e r t i f i c a t i o n of Franchise Taxes paid on December 31, 1923 • Dear Sir: In accordance with the practice adopted at the sugg e s t i o n of the Treasury Department, the Board requests that you have the Auditor of your bank prepare and forward to the Under-Secretary of the Treasury, Washington, D. C., a s t a t e ment showing the manner in which the amount of franchise taxes ( i f any) paid by your bank t o the United States on December 31, 1923, was determined. This statement should show the following information: First. Second. Gross earnings, current expenses, and p r o f i t and l o s s account for the calendar year 1923, in the form of the tables printed on pages 151-154 of the Board's 1922 annual, report, except that the expense items should conform to the current edition of the monthly expense report form 96. Balance sheet a f t e r closing of books on December 31, 1923, i-n the form of the Bcard 1 s consolidated weekly press statement of condition of Federal reserve banks. This balance sheet should a l s o give, as a -memorandum item, the amount of the bank's subscribed c a p i t a l on December 31, 1923, also the balance in your surplus account a f t e r closing of books on December 31, 1922. On the l a s t sheet of these statements should appear the Auditor's c e r t i f i c a t i o n , countersigned by a senior executive o f f i c e r of the bank, reading as f o l l o w s : "I hereby c e r t i f y that I have examined the above statements of earnings, expenses, and p r o f i t and l o s s of the Federal Reserve Bank of for the calendar year 1923, and the balance sheet of such bank a f t e r closing of books on December 31, 1923i that the items in such statements are correct as shown by* the records of such Federal reserve bank; that such p r o f i t and l o s s statement shows a l l items of gain during the period; that a l l deduct i o n s made from cross and net earnings in such statement appear to be f a i r , just and reasonable in a l l respects; and that, as shown thereon, there was $ due the United States under the provisions of Section 7 of the_ Federal Reserve Act approved December 23. 1913, as amended by the Act of March 3. 1919." Auditor, Federal Reserve Bank of COUNTERSIGNED: In the event that no franchise tax was paid on December 31, 1923» the underlined portion of the above c e r t i f i c a t i o n should read "and that there was no amount due the United States under the provisions of Section 7 of the Federal Reserve Act approved December 23, 1913> as amended iy the Act of March 3> 1919*" Kindly furnish the Board with a duplicate copy of the c e r t i f i e d statements forwarded t o the Treasury Department. Very truly yours, Walter L. Eddy, Secretary. LETTER TO CHAIHMEW AT ALL FEDERAL RSSETVS BASICS.
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