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418

BOARD OF G O V E R N O R S
df the

FEDERAL RESERVE SYSTEM
washington
ADDRESS

OFFICIAL C O R R E S P O N D E N C E
TO THE

SUBJECTS

BOARD

December 21, 1936
B-1185
Earnings and Dividends Reports of
State Bank Members, Form 107.

Dear Sir $
There have been forwarded to you today under separate cover
copies
of Form 107 to be used by State bamc members in submitting their reports of
earnings and dividends for the six months ending December 31, 1936.
The form has been revised to include the following new items i
Item 10(c) - Withdrawals from reserve for dividends payable
in common stock
Item 12(c) - Transfers to reserve for dividends payable in
common stock
Item 18 - Reserve for dividends payable in common stock
In the examination of the reports on Form 107, it is suggested that
particular attention be paid to the reconcilement of the capital accounts
as shown against Items 1-4 to 18 with the corresponding items as shown in
condition reports on Form 105, and the items shown in Section 3 with the
corresponding items in the report for the immediately preceding report period.
Any differences that are not adjusted by appropriate corrections should be
explained by a footnote or in a memorandum or letter attached to the report.
Very truly yours,

Chester Morrill,
Secretary.

TO ALL PRESIDENTS.