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FEDERAL RESERVE BOARD x-4957 WASHINGTON ADDRESS OFFICIAL. CORRESPONDENCE TO THE FEDERAL. RESERVE BOARD September SUBJECT: 23, 1927. Tonic for Governors' Conference. Doar Sir: U::1dcr de,tc of June 24, 1927 (X-4887), the Federal Reserve Board advised the Governors of all Federal reserve banks that it was not in ha~nony ~ith the view exuressed by the Governors' Conference held last Suring that 11 in principle, the Federal Reserve Be.nks should be reimbursed for services uerformed for Government agencies other than the Treasury, when the exuense involved is sufficient to justify the banks asking for reimburse:nent 11 • In ackno"'led.ging the "8o?~.rd 1 s letter, the Governor of the Fed.eral Reserve }Je.nk of Philadelphia, who had acted afO' a co:nmittee of one for the confereYJ.ce in connection with the matter referred to, suggested the.t the question might be given further consideration at the next conference. The Board concurred with this suggestion and accordingly the question of' reimbursement of the Federal reserve banks for exuenses of services rendered for Government agencies is resubmitted for further discussion at the time of the forthcoming conference. Very truly yours, 'jijdmund Platt, Vice Governor. TO i.:.-: GOVERNORS ~C"SPT PHILAD'ELP'TI A.
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