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66 FEDERAL RESERVE BOARD WASHINGTON X-4775 ADDFlESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD January 19, 1927 SUBJECT: Weekly Reports of Amounts Du.e to and Du.e from Banks. Dear Sir: It has been felt for some time past that the figures which are renorted each week by member bankS in leading cities, other.than Federal reserve bank cities, have not been adequate to permit the drawing of reasonably satisfactory conclusions, regarding local banking conditions, principally because of the lack of information regarding the movement of :fUnds into and out of the respective localities. The Board has therefore decided to ask you to have all of the reportixt€ member banks iu leading cities, instead of only those in Federal reserve bank cities as at present• show amounts due to banks and bankers and amounts due from b~ and bankers in their weekly condition reports • .A.ccordingl;y 1 t will be &p!)recia ted if ;you will ins t-ru.ct renorting member banks in your district to show these figares in their r~orts beginning with February 2. !he information should be reported to the· Board against the same code words as are now used for reporting this information for Federal reserve bank cities, i.e., H'DPS for amounts due to banks and brmk:ers, and HOTE for amounts due from banks and bankers. Upon receipt of these figures the Board will show amou:a ts due to bankB and amounts due from ba.nks for all r~rting member banks and for reporting member ba.Dks in Bn York C1 ty and in Chicago on page 2 of the weekl;y statement. On page 3 of the weekly statement amounts due to banks and amounts due from banks will be shown for all reporting member ba~ in each district, instead of for reporting member banks in Federal reserve bank cities only as at present. Very tru.ly yours, Walter L. lddy, Secretary. · TO .ALL F. 1t. AGllt'.rS. .. . .
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