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1.88 FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD X-4958 se,tember 23, 1927. \ S1JJ3JECT: Togic. for Governors' Conference. Dea.r Sir: The Federal Advisory Council at a meeting held on September 17, 1926, called attention to the fact that the various Federal reserve banks have different practices and requirements as to the form and character of credit statements, and eryressed the O?inion that the requirements and statements should be standardized. This recommendation was discussed at tho Governors' Conference following the CoU11cil mooting but no action was taken nor was tho matter referred to any committee for re?ort at a later conference. The Federal Advisory Coa~cil at its last meeting renewed its recomnendo. tion and the B:<c.rd w:mld like to have the question o..gain considered by tile GJvernors' Conference and to receive a recomnend...1.tion o.s to the advis::cbility of attempting unif.;:,rmi ty in the matter of credit statements. Very truly yours, Edmund Platt, Vice Governor. To the Governors of all Federal reserve banks.
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