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Y P. G . H A n G o 'v g 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 W. Ex -Offic io Members WILLIAM G. MCADGO SECRETARY OF THE TREASURY C H A IR M A N JOHN SKELTON WILLIAMS FEDERAL RESERVE BOARD COMPTROLLER OF THE CURRENCY WASHINGTON H. PARKER WILLIS, S E C R E T A R Y SHERMAN P. ALLEN, ASST. S E C R E T A R Y and Fiscal Agent ADDRESS REPLY TO FE D E R A L RESERVE B O AR D Dear Sir Referring to recent purchases by Federal reserve banks of U. S« 3 per cent cernifrcaxes of indebtedness, and with the view of avoiding confusion and diversity of statements, may we request that the Federal reserve banks report to the Board on schedules S~2 the gross amounts of U. S« certificates purchased by them, stating onthe same sheets ~ (1 ) Amounts sold on date of purchase, and not carried to earning assets; (2) Amounts not sold on date of purchase, but carried to the bankfs earning assets, even though the bank expects to dispose of the certificates on the day following* Whenever certificates which had been carried to the bank*s earning assets are sold, it will be necessary for the Federal reservebank to send us schedules S~2, descriptive of- such sales, regardless of whether the sale has been effected one or more days after purchase* In order to complete our records of transactions of this class, may we ask you to send us a schedule for the month of April giving - (1) (2) (3) (U) Amounts of U. S- certificates bought; Amounts of certificates immediately sold> Amounts carried to earning assets; Amounts sold after having been included among earning assets * Respectfully, Secretary
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