The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BOARD WASHINGTON address official correspondence t o the federal reserve board X-7674 November 9, 1933 SUBJECT: Report of Committee on Branch Group and Chain Banking. Dear Sir: There i s inclosed, for your information, a copy of a l e t t e r which i s "being sent to the Chairman of the Governors' Conference today with regard to the recommendation that the System Committee on Branch, Group and Chain Banking "be reconstituted for the purpose of bringing up to date the report previously submitted by i t . Very truly yours, XIJZaj Chester Morrill Secretary. Inclosure. TO GOVERNORS OF ALL F. R. BASKS EXCEPT SAN FRANCISCO. <&*# 9 COPY X-7674-a November 9, 1933. Mr. John U. Calkins, Chairman, Governors' Conference, Federal Reserve Bank of San Francisco, San Francisco, California. Bear Governor Calkins: At the meeting of the Governors' Conference with the Federal Reserve Board on October 12, 1933, you reported that the Conference had voted to recommend to the Federal Reserve Board the r e c o n s t i t u t i n g of the Committee on Branch, Group and Chain Banking, for the purpose of amending the report previously submitted by the Committee in the l i g h t of events which have transpired since the report was prepared. The Federal Reserve Board has given careful consideration to the recommendation of the Conference, and has decided that i t should be held i n abeyance, perhaps u n t i l a f t e r the present emergency i s passed. Further con- sideration w i l l be given to the matter when the Board i s i n a p o s i t i o n , i n the l i g h t of l a t e r circumstances, to determine whether further r e v i s i o n o f , and addition t o , the Committee report would be desirable. A copy of t h i s l e t t e r i s being forwarded to the governors of a l l other Federal reserve banks. Very truly yours, (Signed) Chester Morrill, Secretary.
@FedFRASER