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.J... TELEGRAM FEDERAL RESERVE BOARD WASHINGTON December 17#1918. X-1315 CONFIRN.ATI ON SUBJECT: Collection of Checks for Government Account in re Sale of United States Securities. Board has been requested to ~ake inquiry concerning practice of the various Reserve Banks in collections made for Government account. : .t. .......... . ..... -~ . ,_._, ...... One - If you give immediate book credit for all items deposited, are such funds available for i~diate withdrawal. Twa - If Government suspense accoun-t is rraintained what items are credited to the account and what is the average titr~ taken before such credits are transferred to general acicount. Three - Bond payrr.ents and also repayment of depositary balances are due on dates fixed by the Treasury department. ~pp.roxirr.a.tely what per cent of amount due is actually collected on date, and on first~ second, third 1 and subsequent days thereafter. due HARDING. Governor. Tbe Governor# Federal Reserve Bank, OFFICIAL BUSINESS GOVERNMENT RATES CHARGE FEDERAL http://fraser.stlouisfed.org/ REiiERVE Federal Reserve Bank of St. Louis BOARD 4
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