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. ' ~ . ". (00 BOARD OF' GOVERNORS :R-146 OF' THE FEDERAL RESERVE SYSTEM WASHINGTON ADDRII:aa OP'P'ICIAL CORR!I:ai"ONDII:NGII: TO THE aaARO Deoamber 25, 1937 SUBJECT: Functional Expense Reports Dear Sir: Under date of June 11, 1937 tho Board asked Mr, Harrison, Chairman of the Conference of Presidents, to appoint a committee of ~:~onior Federal Reserve bank offioial.a to review suggested changes in the functional ox"'" ponse report, Form E~ and b. the manual of instructions governing its preparation, submitted to tho Board in response. to its letter, B•l2o6, of March 27, 1937, and ao~umolato¢ by tho Board's rcprosenta~ivos during tho course of tho survoys ~do fo~ ~he purposo of reviawing tho methods of allocation followed by the F!;:ldqra.l Rosorvo banks in preparing tho functional oxponso reports. Mr. Htlrrisou appointed Mr .. c. E. Earhart, Ca.shior 1 Federal Rosorvo Bank of San Francisco, Mrr'L, R. Rounds, Vico Prosidont, Fodora.l Reserve Bank or New Yo~k, and Mr. ~ s. ~alden, Jr., First Vice President, Federal Reserve Bank of{ Jtiohmond, ala a committee for this purpose. The above~entidned committ~e met in Washington on November 8 and 9, 1937, and reviewed all the suggested changes in the Manual of Instructions and in Form E, ~ following the meeting of the Committee Form E and the Manual of Instructions gover~ing i~~ preparation wero revised, effective January 1, 1938, in ac<Jor(\e.nce with .tho action taken by tho Committee. There arc being torwardod to~you under separate cover complete sets of the Manual and \the remaining number of copies·· requested will be Form E is boing reprinted forwarded shortly atte,r tho ftr~t of tho year. and the number {)r -oopie's roquoitod for 1938 will be forwarded to you as ·Soon o.s recaivGd from the printer which should bo in tho oourse of the next few :4lays. Vory truly yours, QhesterMorrill, Secretary • http://fraser.stlouisfed.org/ ~. PUSIDilf.l'S Federal Reserve Bank of St. Louis .m or .AlL Fl»ilUL. ~S.ii.iRVE BAl\'fJCS