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501 FEDERAL RESERVE BOARD WASHINGTON y St. ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD SUBJECT: e b r u a r y 1925 UU27 . Revised forms St. 51, S t . 3501, and S t . 92a. Bear S i r : There are a t t a c h e d h e r e t o c o p i e s of r e v i s e d forms S t , 51 - P r i n c i p a l r e s o u r c e s and l i a b i l i t i e s of r e p o r t i n g member "banks i n s e l e c t e d c i t i e s , S t . 3501 - Monthly r e p o r t of member bank d e p o s i t s , and S t , 92a - Daily condensed c o n d i t i o n s t a t e m e n t of F e d e r a l r e s e r v e bank. A s u p p l y of each of t h e forms i s b e i n g forwarded to you today under s e p a r a t e c o v e r . The p r i n c i p a l changes i n the forms a r e as f o l l o w s : Form S t . 51. P r o v i s i o n h a s been made f o r r e p o r t i n g the p r i n c i p a l r e sources and l i a b i l i t i e s of member banks in each of the s e l e c t e d c i t i e s of the d i s t r i c t , i . e . , t o t a l f i g u r e s f o r each s e l e c t e d c i t y . Code words have b e e n p r o v i d e d , however, only f o r the d i s t r i c t t o t a l s , s i n c e the B o a r d ' s weekly member bank p r e s s s t a t e m e n t no l o n g e r shows the t o t a l s f o r F e d e r a l r e s e r v e bank c i t i e s , f e d e r a l r e s e r v e b r a n c h c i t i e s , and a l l o t h e r s e l e c t e d c i t i e s . As i n d i c a t e d i n the note on the form, the r e p o r t i s t o be mailed so as t o r e a c h Washington not l a t e r than 9 o ' c l o c k each Wednesday morning, or i f t h i s i s not p r a c t i c a b l e , the t o t a l f i g u r e s f o r the d i s t r i c t a r e to be t e l e g r a p h e d a g a i n s t the code words p r o v i d e d t h e r e f o r and the m a i l r e p o r t s e n t a t your e a r l y convenience. Form S t . 3501. The new form shows t h r e e grand t o t a l items i n a d d i t i o n to those now r e p o r t e d , and the n o t e has been changed t o p r o v i d e t h a t the r e p o r t be mailed h e r e a f t e r , p r o v i d i n g i t can be mailed in time to r e a c h the B o a r d ' s o f f i c e s by the 20th of t h e month. Otherwise the items f o r which code words have been provided a r e to be telegraphed , and the complete r e p o r t s e n t by m a i l . Form S t . 92a. The d i s t r i b u t i o n of discounted b i l l s a c c o r d i n g to paper secured by Government o b l i g a t i o n s and paper o t h e r w i s e secured and unsecured has been e l i m i n a t e d , so t h a t h e r e a f t e r only the t o t a l amount of b i l l s held under disco.unt f o r member banks i s to be r e p o r t e d . In a d d i t i o n , p r o v i s i o n h a s been made f o r r e p o r t i n g s e p a r a t e l y the t o t a l h o l d i n g s of United S t a t e s Government s e c u r i t i e s . LETTER TO ALL Very t r u l y y o u r s , Walter L. Eddy, Secretary. FEDERAL RESERVE AGENTS EXCEPT NEW YORK AND CHICAGO.
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