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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO T H E FEDERAL RESERVE BOARD X-753S October 9, 1933. SUBJECT: R e l a t i o n s of F e d e r a l Reserve Banks w i t h F o r e i g n Banks and Bankers. Dear S i r : S e c t i o n I I of t h e B o a r d ' s R e g u l a t i o n H, which "became e f f e c t i v e August 10, 1933, p r o v i d e s t h a t : "* * *each F e d e r a l Reserve "bank s h a l l promptly submit to t h e F e d e r a l Reserve Board i n w r i t i n g f u l l i n f o r m a t i o n c o n c e r n i n g a l l e x i s t i n g r e l a t i o n s h i p s and t r a n s a c t i o n s of any k i n d h e r e t o f o r e e n t e r e d i n t o by such F e d e r a l Reserve "bank w i t h any f o r e i g n "bank or "banker or w i t h any group of f o r e i g n "banks or "bankers and c o p i e s of a l l w r i t t e n agreements "between i t and any f o r e i g n bank or "banker or any group of f o r e i g n "banks or "bankers which a r e now i n f o r c e , u n l e s s c o p i e s have h e r e t o f o r e been f u r n i s h e d t o t h e Board, i n which c a s e t h e F e d e r a l Reserve bank s h a l l inform t h e Board a s t o t h e d a t e s upon which such c o p i e s were f u r n i s h e d . " The Board has no r e c o r d of having r e c e i v e d a d v i c e f r o m your bank in Compliance with t h i s p r o v i s i o n of t h e r e g u l a t i o n , and w h i l e it i s u n d e r s t o o d t h a t , a p a r t from i t s p a r t i c i p a t i o n i n agreements e n t e r e d i n t o by t h e F e d e r a l Reserve Bank of New York, your bank has no e x i s t i n g r e l a t i o n s h i p s , t r a n s a c t i o n s or agreements w i t h f o r e i g n banks or b a n k e r s , i t i s f e l t t h a t , i n order t o complete t h e r e c o r d s of t h e Board, d e f i n i t e a d v i c e should be forwarded t o i t . Accordingly, i t w i l l "be appreciated i f you w i l l address a l e t t e r to the Board i n accordance with the requirement of Regulation IT above referred t o . Very truly yours, Chester Morrill, Secretary. To Governors of A l l F. R. Banks, except New York, Richmond and Minneapolis.
@FedFRASER