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EX~OFFICIO W. P. G. HARDING, GoVERNOR ALBERT STRAUSS, VICE GoVERNOR ADOLPH C. MILLER CHARLES S. HAMLIN MEMBERS CARTER GLASS SECRETARY OF THE TREASURY CHAIRMAN JOHN SKELfiflN -J'JLLIAMS COMPTROLLER OF THE CURRENCY FEDERAL RESERVE BOARD FEDERAL RESERVE BOARD May 20,1919. . W. T. CHAPMAN. ASSISTANT SECRETARY W, M. IMLAY. FISCAL AGENT ADDRESS REPLY TO WASHINGTON Subject: Weekly Press Statements of Federal Reserve Batiks • J. A. BRODERICK. SECRETARY X-1542 Dear Sir: An examination of the Press Statements issued by the Federal Reserve ~anks giving their condition as at close of business on Friday of each week Shows that some of them are made out practically in accordance with the form adopted ·by the Board for its weekly published reports, while others show figures in much greater detail or adopt a different classification from that followed by the Board. It is difficult therefore for the public to ITake intelligent comparisons of the reports issued by the several Federal Reserve ~anks. With the view of having all published condition reports compiled on a uniform basis in order to render easier comparisons of the statements issued by the various Reserve· banks, it is requested that in future press reports showing the resources and liabilities of your bank, Y'm use the same captions and follow the same order of presentation as adopted by the Board in its weekly press statement. In case you desire to show items in greater detail than in ou:- weekly statement, there wil1 be no objection on the part of the Board provided you show the detailed items under sub-heads and give, in addition, totals against the same captions as are shown in the Boardt s weekly statement. For example~ in the deposit block ".All other deposits" are made U:!.) of :Non-rcem::..,r bank clearing account, Due to War ?:i.nance Co!'porat:i.on, Cash:'.e:::- 1 s che:;ks, Federal Reserve exchange and transfer drafts. 'I·hese i~ems mr'.y all be specified in your weekly press statement if yJu so cles:i:ce, pro-..;id.ed the total is also shown under caption "All other deposits, in::::lu,:ling foreign government credits", or under 11.All other deposits" in case your bank has no foreign government creditsIn the same block- item "Due to Members - Reserve accour-tn Should tc-:ke the place of the caption ~~Member banks deposits (mtj ,;,~sed at present by some of the Federal Reserve ~anks. The above caption should represent all member bank deposits credited to tbeir :cese:-:-ve account, and not the net deposits as figured by some banks at tho preseot time and by the Board prior to January 1917. · :· . X-1542 -2- In arriving at figures to be shown under the captions as given in the Board's weclrly press statement, it is requested that you be guided by the instructions given in our letter of December 18 ( S";.ll3): copy of which is enclosed herewith, Yours very truly, (Enclosure) Secretary. 3" ''9' tr L
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