Full text of Mimeograph Letters and Statements of the Board : System of Semi-monthly Report by Member Banks, Number 176, Volume 1, Page 262

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G.fZO.

176
Reports of Member Banks to Federal Reserve Banks and the Publi­
cation of a Summary by the Federal Reserve Board.

For the purpose of ascertaining the general condition of mem­
ber banks in each Federal reserve district, the Federal Reserve
Board has decided to call for monthly report showing the condition
of each member bank, which report is to be sent to the head office
of the Federal reserve bank at the close of business on the last
Friday of each month.

Member banks located in reserve and ceni

tral reserve cities will report twice monthly, at the close of
business

on the second and last Friday of each month.

The figures are to be compiled and telegraphed to the Federal
Reserve Board.

A brief summary of the condition of member banks

in each Federal reserve district and a combined statement of all
member banks will be published by the Federal Reserve Board not
later than Saturday of the following week.
The report is not intended to show assets and liabilities in
detail, as required by the periodical reports made to the Comp­
troller of the Currency, but rather to show the changes in the
principal items, in the condition of member banks.

In fact, it

will serve three-fold purpose.




1.

To keep the Federal reserve banks informed as
to the cash and credit condition of member banks.

2.

To keep Federal reserve banks informed as to
encroachments upon reserve requirements.