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EX·0FFIC10 MEMBERS

•

W. P. G. HARDING, GOV!RNOR
PAUL M. WARBURG, VJCI GOVI:RNOR
FREDERIC A. DELANO
ADOLPH C. MILLER
CHARLES S. HAMLIN

WILLIAM G, MCADOC
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY

H.y~RJt§I 1 'VfiLLIS, SECRETARY

FEDERAL RESERVE BOARD

slfiRM~m_LEN,

WASHINGTON

ADDRESS REPLY TO

ASST,SECRETARY
AND FISCAL AGENT

FEDERAL RESERVE BOARD

J.J.nuary 9~ l':ii18.
Dear Sir:
ReferrinG to For.ffi
ready been sent you for

1~5~

a supply of

~istribution

~1ich

has al-

to State n.cn.bcr banks

to be used in naking reports of condition to their rosfeCtive Feleral reserve banks 1 question has been
the

as to

for which infornation as to dividends paid and

p~riod

lisfOsition of earnings is to be reported.
.iividend-~

rais~d

It appears that

periods are not the sa.n.e in all institutions;

·it has bean

~eter~ined

by the

Fe~oral

and

heserve Board 1 accord-

ingly 1 that the practice of National banks in waking reports
of

iivi~ends

~iffarent

and disposition of earninss at the close of their

dividend periols

~~Y

be iolloNed also by State bank

r::ewbers in furnishinG you the re1.. orts for which blanks have
already baen SUP.f'lied to

you~

as aforosai.i.

Very truly yours,

Secretary.