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FEDERAL RESERVE BOARD
WASHINGTON

July ll, 1922.
SUBJECT:

Advice. to Board of Date of Refund on Capital Stock
to Banks discontinuing Membership.

Dear Sir:
The Federal Reserve Bo~rd does not appear to be
getting prompt i~ice from a number of Federal Reserve
Banks of the date of refund on account of capital stock
where member b~nks go ir;to voluntary li~aidation or otherwise discontinue rr.embership, ::1s requested in circular letter
X-3093 of April 9, 19?.l. In order that the Board rno,y keep
its records more nearljr up to d::1te, it is requested that
information of this character be sent to it by wire at the
time refund is made.
In advising the Federal R~serve Board
the Federal Reserve Banks are requested to use the following
code word, which should be added to the bottom of page 159
of the new code book, following the code word MUTTER.
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MUTTON Refund of capital stock payment has today
been made on account of the (n::liDe and location of bank).
Very truly yours,

W. W. HOXTON,

Secretary.

TO ALL F.ยท R. AGENTS.




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