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W. P. G . HARDING, G O V E R N O R PAUL M. WARBURG, V I C E G o v e r n o r FREDERIC A. DELANO ADOLPH C. MILLER CHARLES S. HAMLIN Ex-Officio Members WILLIAM G. McADOO SECRETAR Y OF TH E TR EASU R Y C H A IR M A N JOHN SKELTON WILLIAMS Co m p tr o ller o f th e c u r r e n c y H. PARKER WILLIS. S E C R E T A R Y SHERMAN P. ALLEN, A S S T . S E C R E T A R Y FEDERAL RESERVE BOARD WASHINGTON A N D F IS C A L A G E N T 286 ADDRESS R E PLY TO FEDERAL RESERVE BOARD DIVISION OF REPOR TS A N D STATIS TIC S July 18, 1917* Dear Sir: Referring to our telegraphic request o even date f that you resum© the sending of daily telegrams showing bills re discounted by members (item FEND), collateral notes secured by U* S. securities (MAZE) and by commercial paper (FISH), bills bought in the open rrarket (FORD) and totals o bills discounted f and bought (TACK), I desire to state that these data are to take the place of the fuller telegram giving condensed statement o condition o your bank, temporary discontinuance of which was f f authorized on June 13* These loan statements should be sent to us every evening, beginning to-night. On the dates indicated in Governor Harding’s instruct tions of June 13 the fuller telegraphic statements are to take the place of the daily telegram o bills discounted and bought. f Respectfully, Secretary