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W . P. G . HARDING, GOVERNOR . P AU L M. WARBURG, VICE GOVERNOR FREDERIC A. DELANO ADOLPH C. M ILLER CHARLES S. HAMLIN EX-OFFICIO MEMBERS W ILLIAM G. McADOO SECRETARY OF THE TREASURY CHAIRMAN JOHN SKELTON W ILLIAM S COMPTROLLER OF THE CURRENCY FEDERAL RESERVE BOARD WASHINGTON H. PARKER W ILLIS . SECRETARY SHERMAN P. ALLE N . ASST. SECRETARY AND FISCAL AGENT ADD84€<iPLYto FEDERAL RESERVE BOARD DIVISION OF REPORTS AND STATISTICS November 1, 1917* Dear Sir: With reference to inquiries from several Federal Reserve banks as to proper description on Form 104 of certain transactions in connection with the loan operations of the Government, it is suggsted that the following changes and additions be made in the form: .Under liability item 9 "U. S. Treasury Certificates of In debtedness received from Treasury Department" add a new liability item as follows. "Reserve Bank temporary receipts issued". This new item should be used as an offsetting account against asset item "Reserve Bank temporary receipts delivered to subscribers". These two items will be gradually extinguished, as the outstanding certifi cates are returned for cancellation. After item 9 on the asset side S. Treasury Certificates cT Indebtedness add the words "oh hand". This is intended for the use of those banks which have issued their own receipts to some of their customers and are holding the Certificates of Indebtedness in their'own vaults, With referehce to the second block of the form it is re quested that liability item 5 "U. S. Treasury Certificates of Indebt edness *- Allotted" show the gross amount of Certificates beginning with the issue of August 9. This modifies somewhat our previous instruction of Octo ber 17, that this account show total amounts of certificates allotted less amounts redeemed by the United States Treasurer. Yours Very Truly, Secretary. Federal Reserve Agent,
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