The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
V"! FEDERAL RESERVE BOARD WASHINGTON address official correspondence t o the federal reserve board X-6117 August 23, 1928. SUBJECT: Employment of H o n o r a b l e Newton D. B a k e r i n Neoga N a t i o n a l Bank C a s e , Dear S i r : R e f e r r i n g t o t h e B o a r d ' s t e l e g r a m o f May 18, 1928, you a r e a d v i s e d t h a t a l l F e d e r a l r e s e r v e "banks h a v e 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 h 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 of 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 s u i t b r o u g h t b y d e p o s i t o r s of t h e i n s o l v e n t Neoga N a t i o n a l Bank of Neoga, I l l i n o i s , a g a i n s t t h e d i r e c t o r s of t h a t b a n k a n d a g a i n s t t h e F e d e r a l R e s e r v e Bank o f C h i c a g o . 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 to the F e d e r a l Reserve 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 be 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 C h i c a g o 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 by t h e F e d e r a l R e s e r v e B o a r d of t h e a m o u n t s w h i c h t h e y a r e t o r e m i t t o t h e F e d e r a l R e s e r v e Bank of C h i c a g o . By o r d e r 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.
@FedFRASER