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- FEDERAL RESERVE BOARD WASHINGTON X-3564 November 15, 1922. SUIJJECT-! Reserve Stocks, Federal Reserve Notes. Dear Sir: In order that provision ~ay be roade at the Bureau of Engraving and Printinrs for the production of a sufficient quantity of Federal reserve notes durin~ the first six months of 1923, you are requested to advise the Federal Reserve Board before December 15th of the amounts (estirr.uted) of each denomination of Federal reserve notes that you will requisition from r·ashimcton during that period. As requested in the Zoard 1 s letter of ~ay G, 1922 (X-3397) your bank advised the Ioard of the amounts of Federal reserve rtotes of each 1enomination it was desired to have in the reserve stock of unissued notes and the amount of each denomination it desired be held in "'.!ashin~<ton. You are requested to review the figures given by th3 bank and advise the Tioard before December 15th of any changes you rray desire to make. The LOard is.of the op1n1on that there should be carried at all times in the reserve stock of unissued Federal reserve notes at least a six-months' supply of each denomination and that one-half of the reserve stock of each denomination should be held by the Federal Reserve Agent and one-half in '!Jashington. Very truly yours, Vice Governor. '
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