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federal reserve board WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO T H E FEDERAL RESERVE BOARD X-4753 December 18, 1926 SUBJECT: Stocks of Unissued F. R. Nates. Dear S i r : You are requested to p r e p a r e and submit to the Federal Reserve Board, a t your e a r l y convenience, an e s t i m a t e of the amount of each denomination of the Federal Reserve notes of your bank you may he c a l l e d upon to i s s u e during the calendar year 1927, This information i s d e s i r e d f o r the purpose of r e g u l a t i n g the production of Federal Reserve notes during the coming y e a r . For your guidance, I would s t a t e t h a t the Board i s of the opinion t h a t i t s stock of unissued Fede r a l Reserve notes should a t a l l times include a p p r o x i mately a twelve months' supply of each denomination of the notes of each bank* and t h a t not more than a s i x months' supply of each denomination of unissued notes should be i n the custody of the Federal Reserve Agents. By d i r e c t i o n of the Federal Reserve Board. Yours very truly, Walter L. Eddy, Secretary. TO AIL F. R. AGENTS.
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