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EX·OFFICIO MEMBEIN:S W. P. G. HARDING, GOVERNOR PAUL M. WARBURG, VICE GOVIRNOit WILLIAM G. McADOO FREDERIC A. DELANO ADOLPH C. MILLER CHAR~ES S. HAMLIN SECRETARY OF THE TREASURY CHAIRMAN JOHN SKELTON WILLIAMS COMPTROLLER OF THE CURRENCY FEDERAL RESERVE BOARD H. PARKER WILLIS, SECRETARY SHERMAN P. ALLEN, ASST.S!CRITARY AND FISCAL AQINT WASHINGTON ADDRESS REPLY TO FEDERAL. RESERVE BOARD DIVISION OF REPORTS AND STATISTICS MJ-JCO June 11, 1918 Dear Sir: During the more recent p8riod a numl::-er of asset items have assumed such importance that it seems no longer advisable to treat them in the Board's weekly consolidated bank statement as mere offsets agalnst liabilities. Accordingly, beginning with tical Division will treat as o~fsats statcme~t dated July 5, 1918, our Statis- against combined items CITE, THOR and TURF, the following asset items only: BOND, TASK (including item "Disbursements Trans it Department 11 ) also items "Other def errai charges 11 and including premium on surrendered stock. 11 Div idend account, 11 All other asset items heretofore treated as offsets against liabilities, beginning with July 5 will be shown combined with net differences between the above asset and liability items unter caption "All other resources," and all othar liability items except CITE and those forming the subdivision totals THOR and TURF will be shown combined with above nat differenceJ.,mder caption 11All other liabilities. 11 In your weekly Nirc report form 34 please usa code ~ord EBUL for sum of items "Other deferred charges" and "Dividend account 11 and continue to wire, as heretofore, item TARE to designate sum of all items in the block including the two just named items "Other deferred charges" and 11 Div idend account." Yours very truly, Sacr~tary Federal Reserve Bank, :fi:
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