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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE T O THE FEDERAL RESERVE BOARD December 21, 1928, St. 6020. SUBJECT* Earnings, Expenses and Dividends Reports of State Bnnk Members.. Dear Sir: There are being forwarded to you today under separate cover copies of form 107 for the use of State "bank members in submitting their reports of earnings, expenses and dividend payments for the s i x months ending December 31, 1928. You v/ill note that the form i s the same as that used for the l a s t report. In case any of the banks make inquiry as to whether or not i t w i l l be necessary, in the reports f o r the current six months, to make the undivided p r o f i t s and reserve items on form 107 agree with those reported in their condition reports form 105, i t i s suggested that they be advised to report the items in accordance with their previous practice. I t i s expected that instructions for their future guidance in preparing reports on form 107 v a i l be issued before the next c a l l . In continuation of the policy heretofore f o l lowed and in order that a l l reports may be as complete and accurate as p o s s i b l e , i t w i l l be appreciated i f you w i l l write for additional information to a l l banks which f a i l to report an amount or write the word "none"against any item on the report, or which write the word "none" where there i s good reason to believe that a figure should have been reported, e . g . , i n t e r e s t received on investments or on balances with other banks or i n t e r e s t paid on time deposits. Very truly yours, Walter L. Eddy, Secretary. LETTER TO ALL IT. II. AG-BITS*
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