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FEDERAL RESERVE BOARD WASHINGTON address official correspondence to the federal reserve board Subject: December 11, 1924. X-4210 Reconcilement of Provisions of Telegraphic Transfer Circulars Dear Sir: The Federal Reserve Board approves the action of the recent Governors' Conference in voting that the matter of reconciling the provisions of t h e telegraphic t r a n s f e r c i r c u l a r s of the Federal reserve banks with the regulations embodied in the Board's l e t t e r of June 21, 1924 (X-4099)> r e f e r r e d to the Leased Wire Committee, in collaboration with the Standing Committee on Collections, with the request t h a t the Committees make a study of the question and such recommendations to the Board as may be necessary in order to reconcile the p r a c t i c e of some reserve banks with e x i s t i n g regulations governing the use of Federal reserve leased wires, or else make appropriate amendments to the Board's r e g u l a t i o n s . Very t r u l y yours, Walter L. Eddy, Secretary TO GOVERNORS OF ALL FEDERAL RESERVE BANKS.
@FedFRASER