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5 8 2 FEDERAL RESERVE BO ARD WASHINGTON ADDRESSOFFICIALCORRESPONDENCETO THEFEDERALRESERVEBOARD January 2H, 1935 B-1057 SUBJECT:* F i s c a l Agency and D e p o sita ry Expenses Dear S i r : I n order th a t f ig u r e s showing the t o t a l c o st o f f i s c a l agency, c u sto d ia n sh ip and d e p o sita ry o p e ra tio n s performed by the F ederal Reserve banks f o r the U. S . Government and c e r ta in Governmental a ge n cie s may be a v a ila b le , i t i s requested th a t, pending the r e v is io n o f the F u n c tio n a l Expense R ep ort, Form E, to show the t o t a l o f such expenses, s p e c ia l re p o rts on Forms B-94-1, a su p p ly o f which i s in c lo se d herew ith, be fu rn ish e d se m i-a n n u ally , b e g in n in g w ith the s i x month p eriod ending December 31, 193A* ‘The Forms are id e n t ic a l w ith those used in su b m ittin g re p o rts fo r the f i r s t h a lf o f 1934. A t the time o f the l a s t G overnors' Conference, Governor Fancher and Governor M a rtin , two members o f the Committee o f the G overnors' Conference on F i s c a l Agoncy Expenses, recommended th a t thoso re p o r ts bo continued. A d d it io n a l co p ie s o f these- forms w i l l be fu rn ish e d upon re q u e st. Very t r u ly y o u rs, Chester M o r r i l l S e c re ta ry . In c lo s u r c g . TO ALL GOVERNORS*