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376

BOARD O F G O V E R N O R S

s-145

DP THE

FEDERAL RESERVE SYSTEM
WASHINGTON
a d d r e s s

o f f i c i a l o o i i i » i i > o n d i n c i
t o t h e b o a r d

January 26, 1939.

Dear S i r :
From time t o time i t has appeared t h a t t h e Board
of Governors h a s n o t been promptly a d v i s e d of amendments t o
t h e b y - l a w s of t h e Federal Reserve banks and t h e i r branches.
In order t h a t t h e Board may r e c e i v e a d v i c e promptl y i n a l l such c a s e s , i t w i l l be a p p r e c i a t e d i f y o u w i l l
arrange t o have t h e Board n o t i f i e d a s soon a s p o s s i b l e ,
through a s e p a r a t e communication on t h e s u b j e c t , whenever
t h e b y - l a w s have been amended. I t i s r e q u e s t e d t h a t t h i s
be done whether t h e change i s i n t h e by-laws o f t h e F e d e r a l
Reserve bank or i n t h e by-laws of a branch.
When an amendment i s made t o the b y - l a w s o f your
bank, one copy of the complete b y - l a w s a s amended should be
promptly forwarded t o t h e Board f o r i t s f i l e s , accompanied
by a l e t t e r e x p l a i n i n g t h e changes. In t h e c a s e of amendments t o the b y - l a w s of a branch, t h e forwarding o f a copy
of the complete b y - l a w s may, i f d e s i r e d , be d e f e r r e d u n t i l
a f t e r t h e Board h a s approved the amendments.
Very t r u l y y o u r s ,

Chester M o r r i l l ,
Secretary•

TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS