Full text of Mimeograph Letters and Statements of the Board : Letter From Secretary Eddy re Float Carried by Federal Reserve Banks, Number St. 5578, Volume 27, Page 482

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482

FEDERAL RESERVE BOARD
WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE T O
THE FEDERAL RESERVE BOARD




November 22,

1927

St. 5578.
SUBJECT:

Float

C a r r i e d "by F e d e r a l

Reserve Banks.

Dear S i r :
There

is

enclosed herewith a report

c a r r i e d "by t h e F e d e r a l

reserve hanks,

d a t a on c h e c k c o l l e c t i o n s
accordance with
After

the

officials,

the

letter

report has been
the Board w i l l

regard thereto
of

its

float

as

will

compiled from the

submitted to
St.

on f l o a t

550** o f

the Board i n
September l 4 ;

studied by your t r a n s i t
appreciate

be helpful

in

such comments i n
its

consideration

problem.
Very t r u l y y o u r s ,

,

Enclosure

TO GOVERNORS OF ALL F R BANKS*

W a l t e r L. Eddy,
Secretary.