The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BOARD WASHINGTON address official correspondence to the federal reserve board X-4214 December 17, 1924 SUBJECT: Stocks of Unissued. F. R. Notes Dear S i r : You are requested to prepare and submit to the Federal Reserve Board, before January 10, 1925> a*1 estimate of the amount of each denomination of the Federal Reserve notes of your bank you may be c a l l e d upon to issue during the calendar year 192|). This information i s desired for the purpose of r e g u l a t i n g the production of Federal Reserve notes during the coming year. For your guidance, I would s t a t e that the Board i s of the opinion that i t s stock of unissued Federal Reserve notes should at a l l times include approximately a twelve months' supply-of each denomination Of the notes of each bank, and that not more than a s i x months' supply of each denomination of unissued notes should be in the custody of the Federal Reserve Agents. By direction of the Federal Reserve Board, Yours very truly, Walter L. Eddy Secretary TO ALL FEDERAL RESERVE AGENTS
@FedFRASER