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W. !'·G. NARI»NG, GOVHRa
PAitL M. WAR81JH, YICI hYIIIIOI

t'IIIDIRIC A. DILANO

WILLlAN G. McADOO

ADOLPH C. MILLER
CHARLII IJ. HANLIN

S&CIDAIY OP THI TRIAIUIY

CHAntiiA•
JOHN SKELTON WILLIAMS

FEDERAL RESERVE BOARD

COIIniOLLII OP TNI CUIRINCY

WASHINGTON

ADDR.as• RKI'L.YTO

P'll:t:IIIRA.L. RUI:RVII IKIARt:l

DIVISION OF REPORTS AND STATISTICS

JUne 5, 1918

MJ-JCO

Dea.r Sir:
With the view of avoiding misunderstandings by the Board of telegrams received from Fed-

e:ral Reserve Banks and Agents, affecting credit
balances in the Gold Settlement Fund, it is requested that in the future Federal Reserve Agents

sign only such Gold Settlement Fund telegrams as
involve transfers from their accounts and that all
telegrams involving transfers from the Bank's accounts, either to the Agents, to the other Reserve
llanks or to the Govel'l'llllent be signed by the Gov-

ernor. Cashier or such other officers of the bank:
as may be authorised to sign Gold Settlement Fund
telegram&.
tours very truly,

Secretary

Mr.

Federal Reserve Agent, ·
X-98'7




H. PARKER WILLIS, SICIITAiY
SHERMAN P. ALLIN, AIIT.IICIITAIY
AND PlicAL MINT