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- FEDERAL RESERVE BOARD WASHINGTON address official correspondence t o the federal reserve board X-6116 August 23, 1928. SUBJECT: Employment of H o n o r a b l e Newton I). Baker i n c a s e of E a i c h l e v . f e d e r a l R e s e r v e Bank of New Y o r k . Dear S i r : ^Referring to t h e B o a r d ' s c i r c u l a r l e t t e r of A u g u s t 1 0 , 1928, ( X - 6 1 1 0 ) you a r e a d v i s e d t h a t a l l the Federal r e s e r v e tanks have s i g n i f i e d t h e i r w i l l i n g n e s s t o b e a r a p r o r a t a s h a r e of t h e e x p e n s e o f r e t a i n i n g H o n o r a b l e Newton D. B a k e r i n c o n n e c t i o n w i t h t h e t r i a l of t h e c a s e of R a i c h l e v . F e d e r a l Res e r v e Bank of New Y o r k , Upon c o m p l e t i o n of h i s s e r v i c e s Mr. B a k e r w i l l submit h i s b i l l t o the Board f o r a p p r o v a l a f t e r w h i c h i t w i l l b e p a i d b y t h e F e d e r a l R e s e r v e Bank of New York a n d t h e o t h e r F e d e r a l r e s e r v e b a n k s w i l l be a d v i s e d b y t h e B o a r d of t h e amounts w h i c h t h e y a r e t o r e m i t t o New Y o r k . By d i r e c t i o n of t h e F e d e r a l R e s e r v e B o a r d . Very t r u l y y o u r s , W a l t e r L . Eddy, Secretary. TO GOVERNORS OF ALL F . R . BANKS. —i cJ:
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