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18 s. FEDERAL RESERVE B O A R D WASHINGTON address official correspondence t o the federal reserve board X-7578 September 5, 1933.. Dear Sirs In connection with the Board's letter of August 5, 1925 (X-4397), with regard to estimating population of towns and cities in which banks applying for membership are located, there is inclosed a copy of a telegram recently addressed to one of the Federal Reserve Agents, for your information in the event that a case involving similar circumstances arises in your district. Very truly yours, ~$>ReA.cw hf) Chester Morrill Secretary. Inclosure. To all Federal Reserve Agents. X-7578-a COPY Referring your wire August 3, 1933, in absence of detailed information as to reasons for apparent decrease in population of , , and as to temporary or permanent character thereof, Board is unable to advise definitely whether evidence submitted is sufficient to determine eligibility of _________ Bank and Trust Company for membership with capital less than $100,000. If estimates of population are to be ac- cepted by Board in lieu of population as shown by 1930 census, such estimates in a case of this kind should be accompanied by detailed advice of cause of decrease since 1930 census and any available local statistics indicating whether estimates are justified. It is suggested that, if you have not already done so, you should obtain independently of State bank involved disinterested estimates of present population of , together with the other information above mentioned and forward to Board full information in this matter, together with your opinion of present population of __________ on basis of evidence obtained. Morrill.
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