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F E D E R A L

R E S E R V E

B O A R D

WASHINGTON

The telegram given below is hereby confirmed.
Assistant to Governor.

Curtiss, Boston
Jay, New York
Austin, Philadelphia
Wills, Cleveland.
Hardy, Richmond.
McCord, Atlanta
TRANS

Heath, Chicago
Martin, St. Louis
Rich, Minneapolis
Ramsay, Kansas City
.Ramsey, Dallas
Perrin, San Francisco

St.2445.
November 30, 1921

Beginning this week Board's weekly press statement will

show separately new item "Municipal warrants" following WU. S. certificates
of indebtedness - All other".

On balance sheet form 34 and in Wednesday

night telegrams, holdings of municipal warrants if any should be reported
against code TORN immediately following code TALL- Maturity distribution
of warrants should also be shown on reverse side of form 34 and telegraphed
against following code words:

Past due code SALE, Within 15 days SEND,

16 to 30 days SIFT, 31 to 60 days SORE, 6l to 90 days SUCH, Over 90 days
SYLP, Total code TOST- In Board's weekly COND telegram, municipal
warrants will be shown against code TORN- Code item BUND in daily TEND
telegram should hereafter include municipal warrants.

Total holding's of

municipal warrants on November 23 will be shown in this week's consolidated
press statement as 22 thousands while code items BURK and TACK will be
reduced to 69,375 &&& 1,274,545ยป respectively.




EDDY.