View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE BOARD
WASHINGTON
address official correspondence t o
the federal reserve board

X-9595
December 17, .1935

Dear Sir:
For your information and guidance there is
inclosed a copy of a letter sent to the Federal Reserve Agent at Dallas, with respect to the publication of reports of condition rendered to State banking departments pursuant to the requirements of State
law and to Federal Reserve banks pursuant to the requirements of the Federal Reserve Act.
You may advise State banking departments in
your district accordingly.
Very truly yours,

Chester Morrill,
Secretary.
Inclosure

TO ALL FEDERAL RESERVE AGENTS EXCEPT DALLAS




437
X-9595-a
December 17, 1955,
Mr. C, G. Walsh,
Federal Reserve Agent,
Federal Reserve Bank of Dallas,
Dallas, Texas.
Dear Mr. Walsh:
Reference is made to your letter of December 2 stating that
the Banking Commissioner of Texas and the various State bank members
in that State are anxious to work out some arrangement whereby the
requirements of both State and Federal law can be satisfied by the
publication on the part of such banks of only one form of report at
each call.
It is noted that the State Banking Commissioner is considering the advisability of changing his present form of report in such
manner as to make it identical with the form currently prescribed by
the Board for State member banks and wishes to know whether in the
event the State form of report is so revised the Board of Governors
would be willing to accept one publication as covering both State and
Federal requirements.
The Board is anxious to avoid the unnecessary preparation
and publication of reports wherever possible and believes that one publication should be sufficient to satisfy both the State and Federal requirements if the form of the two reports is identical. You are
authorized to advise the State Banking Commissioner of Texas, therefore,
that if and when the form of condition report prescribed for State




438
- 2 -

X-9395-a

banks in Texas by the State Banking Department is identical with the
corresponding form prescribed by the Board, the Board will be glad
to accept a single publication of reports of condition rendered to
the State Banking Department pursuant to requirements of State law
and to your bank pursuant to the requirements of the Federal Reserve
Act provided the following words appear in the published report immediately above the caption "Assets":
"Published in accordance with calls made by the State
Banking Commissioner of Texas and the Federal Reserve batik
of this district"
There are inclosed proof copies of Forms 105 and 105®, which
are to be used by State bank members at the time of the next call for
their condition reports. It will be appreciated if you will furnish
these copies to the State Banking Commissioner of Texas for his information, in case he decides to have the face side of the report form
used by State banks in submitting reports to his office identical with
that used by State bank members in submitting reports to your bank.




Very truly yours,
(Signed) Chester Morrill
Chester Morrill,
Secretary.