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FEDERAL RESERVE BOARD
WASHINGTON
X-3620
January
SUBJECT:
19. 1923.
Sarvicas rendered by, and Salaries paid to,
Counsel of Federal Reserve Banks.
Dear Sir:
The F~deral Reserve BoarQ desires to obtain complete
information with refarence to the arran~ement entered into
by the various Federal Reserve Banks for legal services, and
the salaries, fees, and other compensation paid for such services.
To this end, you are requested to furnish the Board
with a complete explanJtion of the arrangements entered into
by your bank for ::mch services, and especially as to the following details:
{1)
What counsel, as_,istant counsel, office counsel or
law clerks are employed or retained by the bank?
(2)
What services are performed by each of t.hem?
(3)
Do they devote all of their time to the service of
the bank, or are they engaged also in general practice?
(4)
Vfuat salaries, fees or retainers are paiu to each of
them?
( 5)
If any of such payments are not fixed, what is tha
basis of compensation?
(6)
Does the re6Ular compen::>ation paid them cover all
services which they may be called upon to ren~er,
or are they paid additional fees for extraordinary
services such as the trial of important cases?
(7)
Are their offices in the Federal Reserve Bar~ buildin5, and, if not, uoes the bank pay any part of
...
X-3620
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thclir office 0xpensas?
(8)
Furnish tha Board with a statement of all moneys paid
for le~Sal services durin~ the year 1922.
A prompt raply is requested.
By order of the Fedaral Reserve Board.
Very truly yours.
Wm. W. Roxton,
Secretary.
TO CHAIRMEN OF ALL
FEDERAL RESERVE B;,.NKS.
too
@FedFRASER