Full text of Mimeograph Letters and Statements of the Board : Letter From Secretary Morrill re Call Condition Reports of Member Banks, Number B-619, Volume 35, Page 651

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

December 24, 1931<
B-619.
SUBJECT:

Call Condition Reports of Member Banks.

Dear S i r :
There are being forwarded to you today under separate cover
copies of Form 105 to be used by State bank members in submitting t h e i r
condition r e p o r t s as of the next c a l l d a t e .

Xindly hold the blanks at

your bank u n t i l you are advised by the Board to for?/ard them to the State
bank members, whereupon please mail three copies to each such bank with
the request that they be held pending r e c e i p t of a c a l l f o r condition
reports.
Please advise State bank members that p a i d - i n subscriptions to the
gold notes of the National Credit Corporation should be included in loans
and discounts on the face of the r e p o r t , and in " a l l other l o a n s , " item 8
of Schedule E; that indebtedness to the National Credit Association on
t h e i r own borrowings should be reported as b i l l s payable against item 25
on the face of the r e p o r t , and against item 1 - c of Schedule H; and that
t h e i r pro r a t a l i a b i l i t y on such borrowings by other members of the local
National Credit Association should be included with "other l i a b i l i t i e s "
and shown in Schedule 17 against the caption "Pro r a t a l i a b i l i t y on other
banks' borrowings through local Credit Association," with a per contra
item in "other a s s e t s " on the face of the report and in Schedule M,



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I t w i l l be appreciated if you w i l l kindly arrange to have the usual
preliminary c l a s s i f i c a t i o n of loans and investments of reserve c i t y and
of country banks in your d i s t r i c t wired to the Board within three weeks,
if p r a c t i c a b l e , from the date of next c a l l report*

I t i s suggested that

the f i g u r e s be compared with corresponding data f o r the preceding c a l l
before they are telegraphed to the Board, in order that any obvious d i s crepancies may be detected and promptly reconciled.
Very truly yours,

Chester Morrill,
Secretary.

TO ALL FEDERAL RESERVE AGENTS*