Full text of Mimeograph Letters and Statements of the Board : Letter From Secretary, Federal Reserve Board, July 14, 1917, re Amounts of Accommodation Extended to Non-member Banks, by Federal Reserve Banks, re Liberty Loan Operations, Number X-279, Volume 6, Page 2625

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mEx*Officio Members

W. P. G. HARDING, GOVERNOR
PAUL M. WARBURG, V i c e G o v e r n o r
FREDERIC A. DELANO
ADOLPH C. MILLER
CHARLES S. HAMLIN

WILLIAM G. McADOO
S iC R E T A R Y O F T H E T R E A S U R Y
C H A IR M A N

JOHN SKELTON WILLIAMS
C O M P TR O LLER O F T H E C U R R E N C Y

FEDERAL RESERVE BOARD
WASHINGTON

H . P A R K E R W I L L I S . SECRETARY

SHERMAN P.
and

X-279 A M “ RPYT
D FEDERAL RESERVE BOARD
E EL O

July 14, 1917,

Dear Sir:
The Federal Reserve Board is desirous to learn
the amounts o accommodation extended by your bank to nonf
member banks in your district in connection with Liberty
Loan operations.

As your schedules BD-4 fail to specify

the amounts of nonirember bank paper discounted for your mem­
bers, will you be good enough to send us these data distri­
buted by 15-day, 30-day and 90-day maturities at the time
o discount by your bank,
f

lay I also request that in the

future all nonmember bank discounts be specified on sched­
ules BD-4 by prefixing letter "N" to the items in question.




A L L E N , ASST. SECRETARY

Fi s c a l Ag e n t

Respectfully,

Secretary.