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218
BOARD OF GOVERNORS

R-103

OF THE

FEDERAL RESERVE SYSTEM
WASHINGTON
ADDRESS CF'F'ICIAL CCRRESPCNDENCE
TC THE BCARD

October 28, 1957.

Dear Sir:
For your information there are inclosed copies
of our replies to letters received from the Federal Reserve Bank of Kansas City and Mr. E. N. Dekker, Assistant Vice President of the National City Bank of Cleveland, Ohio, with respect to a questionnaire on induetrial
loans which Mr. Dekker has asked the Federal Reserve Banks
to fill out.

It is understood that Mr. Dekker has written

to all Federal Reserve banks, end it will be appreciated
if you will furnish the Board with a copy of your reply to
him.
Very truly yours,

Chester Morrill,
Secretary.
Inclosures.
TO THE PRESIDENTS OF ALL FEDERAL F£SERVE BANKS EXCEPT KANSAS CITY




R-103·-a
October 28, 1937.

Mr. C. A. Worthington,
First Vice President,
Federal Reserve Bank of Kansas City,
Kansas City, Missouri.
Dear Mr. · Worthington:
Referring to your letter of October 21, since Mr.
Dekker asks for ccrt::..in information which cannot be compiled
from information at the Board's offices, it is suggested that
you transmit such of the desired information as is available
direct to Mr. Dekker and furnish the Board with a copy of
your reply.
With respect to questions A7

~nd

B4, it might be

well to tell Mr. Dekker that since most of the loans made
by the Federal Reserve b[!.nks are for long period:::; and many
of them &re payable in installments, it is not possible to
give him detailed figures with respect to th.; repayment
record at this time.

A general sta tcment [;,s to repayment

records, how::;vcr, might be given i f you think it advisable.
V.:n:y truly yours,

(Signed)

Chester Morrill

Chestor Morrill,
Secretary.




219

R-103-b.
October 28, 1937.

220

Mr. E. N. Dekker,
Assistant Vice President,
The National City Bunk of Cleveland,
Clevelc,nd, Ohio.
Doar Mr. Dekker:
Reference is modo to your letter of October 19 inclosing
u questi.onnairc in regard to the

oper.~::.. tions

of' the twol ve Foderal

Reserve banks under Section 15b of the Faderal Reserve Act,

~:,nd

requesting that the desired information for each Federal Reserve
District ba- furnished by the Board if available.
The Board has not hz:td compilc:d da t.:J. in reg&rd to opera·tions under Section 13b in the detail called for by y'Jur qw.3stionnair1~.

Thore is inclosed, howevGr, a mimeographed sti..ltement. show-

ing informati:m by Federal Reserve districts us tJ
fur

industri~ll

applicc~ticms

advances and commltmcmts r,:3ceived 'biJ each Federal

Reserve bank tCJ September 29, 1907, the araount of s':lch applicati.)ns f:.t.J:lproved by tho Federal Reserve b&nko, and the amount of
industrial t:dvances and C·)nunitments outst:lnding, t)gether with
certnin other infornativn regarr:l..l.ng epplicntirJns for industrial
auvancen and commitments.
Very tru:Ly yuurs,
(Signed)

Ciwster Morrill

Chester Morrill,
Secret[.try.
Inclosure.