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OFFICERS DIRECTORS . . MILLER, JR., CHAIRMAN AND FEDERAL RESERVE AGENT FEDERAL RESERVE BANK CHAS. M. SAWYER, GOVERNOR OF KANSAS CITY ABA E. RAMSAY, JEROME THRALLS. SECRETARY-CASHIER DEPUTY FEDERAL RESERVE AGENT W. J. BAILEY, ATcHisoN, KAS. C. E. BURNHAM, NORFOLK, NEBR THOS. C. BYRNE, OMAHA, NEBR. GORDON JONES, DENVER, COLO. M. L. McCLURE, KANSAS Cm, Mo. R MALONE, DENVER, COLO. L. . WILSON. EL RENO, OKLA. February 1st, 1915 Benjamin Strong, Jr., Governor, Federal Reserve Bank, New York City. My dear Governor Strong:I have yo r,letter of the 30th ultimo., adlising me that you have issued Cashier's checks in payment to the ontributors to the gold fun We hall, of course be glad to re .eve these Cashier's checks and liquidate th nd them to you to increasing debit balance we have with you. With kindest personal regards, I am, Very truly yours, CMS-CU efts, J2) 4 J... MILLER, JR. FEDERAL RESERVE BANK OF GoVERNOR U.L.CROSS AND FEDERAL RESERVE AGENT KANSAS CITY DEPUTY GOVERNOR ARCH W.ANDERSON ASAE.RAMSAY,CHAIRmAN FRED W. FLEMING DEPUTY CHAIRMAN C. K.BOARD MAN SECRETARY-CASHIER ASST.FEIDERAI. RESERVE AGENT C. A.WORTHINGTON ASSISTANT CASHIER M. A.THOM PEON ASSISTANT CASH/ER April 12, 1918. 8 14.,AMP:b7 L.."7-1:r E5C 9DR1 Mr. Jienjamin otrong Governor of Federal Reserve Bank, 4S'ERVES11/4*47 Uew York City. ////////// Dear Governor Strong: We are in from Governor Harding, advising receipt of letter that your bank has appointed a special committee, composed of men competent to judge collateral, to exanine in detail deposited by various tions which have received government deposits, in order to ascertain whether the collateral deposited was within the regulations of the Treasury Department, the market price and diversification of the institu- lists of collateral collateral. Governor Harding suggests that as the Department was so well pleased with the report made by your Committee, that all other Federal Reserve Banks appoint such a ceomittee for the same purposes. We think it a splendid idea and have advised the Board that a camdttee 'would be appointed by us within a short time. May we ask you to advise us just what work this Committee oerformed and in that manner? If your bank prepared forms for the use of the Committee, please send us a specimen set. Any suggestioas you make us will be greatly appreciated. Yours truly, Governor. March 6, 1919. PERSONAL AND ODNFIDENTIAL. My dear Governor Miller: For some time I have been interested with some friends in a study of some of the problems of our national financial system and particularly to the possibilities of a reform movement which might result in the establishment of a scientific plan for a Federal budget. The need for this has been made apparent to me during the past two years and as a result of contact with the financial machinery in Washington. Some of my friends believe the time is now opportune for a general attempt to interest the people of the country in national financial reform. The campaign for saving, thrift and sensible spending, incident to the flotation of Government loans has put many of our people in a receptive mood for further suggestions in these matters. The national debt must be reduced and can only be reduced if both individuals and the Government practise sensible spending. It is particularly true with the Government but cannot be made possible until scientific machinery is installed to accomplish it. Students of this subject se m to be in general agreement that a scientific budget system is the only solution. To persuade our people that such a system should be installed, a nonpartisan organization should be built up and a wise and sane campaign of publicity inaugurated. It is a plan of that sort in which tome of my friends are interested with a view to activity after the next loan is placed. In the meantime, steps must be taken to prepare the publicity, and the personnel of the organization must be developed in advance. It is, of course, out of the question to utilize the Liberty Loan organizations as such for an enterprise of this character. It does not, however, seem im- proper for me to ask you if in your experience with the Liberty Loan, Yar Savings, or other organizations in connection with the war, you have come in contact ,ith individufls March 6, 1919. 2. in your district who would be likely to se interested in this movement and who would be qualified for service in such an organization and who would do so as a matter of public duty. That is first needed is a representative in every State, competent to take charge of the movement and direct it in the State. ' e should have qualifications to enable him to become a leader of the State movement, some ability as an organizer, should be nubile spirited, able to grasp the subject and willing to study it, and should be reg-,rded locally as without political prejudice or purpose, aid have the confidence in general of the people of the State. In audition to state directors, similar organizers must be appointed in the various counties and principal cities. I shall be greatly indebted to you if you can let me have suggestions and names of men in your district for this work rithout, however, mentioning the matter to them. You may know them well enough to make definite recommendations not only because you came in contact with them in Liberty Loan matter,s but other public spirited activities with 'which you are acquainted or connected. This is a matter in grateful for your assistance. which 1 have a strong personal interest and will be At our meeting in Washington on the 20th I hope to have an opportunity to refer to this matter more specifically. Sincerely yours, Governor. J. Z. Miller, Jr., NEN., Governor, Federal Reserve Bank of Kansas City, Kansas City, Mo. BS44F September 14, 1921. Dear Governor Miller: You till recall that about two years ago we nab some correspondence in regard to the work of the aational Budget Committee. In part, at least, passage of the budget legislation by the Congress was due to the work conducted by that how that the basis of the budget system has been adopted by Congress, committee. our organization is endeavoring to crystallize public sentiment fur the support of the program of government economy and thereby to insure 1A3rmanent success for the new national budget system. ite are seeking to extend this work by selecting, so far as possible, bankers to accept active chairmanships in various of the more important cities, simply to curry on work which will be laid out for them by the national committee. The scope of the work is described in the enclosed memorandum. Can you suegest representative men, preferably bankers, who might be willing to accept such appointments in the cities of Denver, Kansas City, Kansas, and Kansas City, Missouri. AI the present time I shall only ask you to suggest names, but later on possibly you would be willing to communicate with them directly and further our object of having them accept these appointments. If for any reason you think it unwise to make these suggestions, will you not write me quite frankly and, if you e,Te willing to do so, give Te your reasons. Rith beet regards, and thanking you very cordially, Yours very truly, J. Z. Miller, Jr., W., Governor, Federal Reserve Bank of Kansas City, Kansas City, Mo. BS: MM enc. 1 4.) / 7 /r /7 .2 FEDERAL RESERVE BANK W.J.GAI LE .,OVERNOR OF C. A WORTHINGTON. DEPUTY GOVERNOR W. HELM, CASHIER AN PH I L LI PS. Ja..AsFr CAS,ER E. P. TYNER, ASSTCASHER G. E. BAR LEV, ASSTCASHIER HEBER HORD. OEPUT, CH.,RMAN BOARD OF DIRECTORS C. K. BOAR OMAN. ASST F EDERAL RESERvE AGENT AND SECRETARY JULY TWENTY-EIGHTH, PKIN,ASST.CASHIER CHAIRMAN BOARD OF Di RECTORS AND FEDERAL RESERVE AGENT KANSAS CITY MWE . PAR 1, AssTCASHIER A.G. FROST. AsS,CASHIER A.M.McADAMS.ASSTCA5HiEF G. H ASA E. RAMSAY. - 1 9 2 2 - Dear Governor Strong: This will acknowledge receipt of your letter of the 26th instant, referring to the expense of reports of elcamination of National banks now being furnished by the Chief Examiners. I have read the same carefully and look forward with interest to your further report on this important matter. Most sincerely yours, Hon. Benj. Strong, Governor, Federal Reserve Bank, New York, N. Y. FEDERAL RESERVE BANK OF NEW YORK erg5.b- ianfiqk 16, 1924. W. J. Bailey, Esq., Governor, Federal Reserve Bank of Kansas Kansas City, Mo. slA\ Dear Governor Bailey: You will recall that the Federal Reserve Bank of Boston Withdrew from participation in the foreign bunk accounts last year and since then we have taken over their share. It would be entirely ce,Teeable to us to con- tinue on that basis for the ensuing year but as the Onen Meaket Investment Committee nue supervises foreign business uniertaken for the System, we thou6ht it proper to refer to than this question as to whether we Should continue to assume Boston's-share or should split it up anong the other partial.pating Federal reserve banks. The Committee thow4ht that as these transactions were undertaken as matters of System policy, it was highly desirable that Boston's share should be distributed an,ne the other Pedera/ reserve banks and it WAS voted at a meeting of the Committee on January 14 that such a dis- tribution Should be made provided, or course, that the other Federal reserve banks desired to increase their participation by the small amount involved. Based upon the paid-in capital and surplus of eabh Federal Reserve Bank as of January 1, 1924, your percentage for next year would be 4.6% if you assumed your proportion of Boston's share. This compares with your participation for Vie past year of 4.. /would appreciate it if you would advise me whether you wish to tde? this MOV participation so that we can mace the necessary Changes in our records. Very truly ZOILIE Ae< CASE, eputy Governor. Ot At 731.1. (.7.31; Or! t 5.0 C it .7, :I l9 Z. rebruory ilJey C m or ;;.' our lot tea:. of Jantitiry 50 and i o . I thori too ill to (to nor() than. 1-2o 7 71.- --NI4-1 art-,o-r it c njoy the 1 r, "nt I bre -ar.- h'-,* it T.couLl ive a erz: no to :rit o yoi, 0 h..-.:: to7.L.Atc. ay with no In the hope 31".i.ol,, ha r.3 nor' arrived . 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Los ANGELES BRANCH FEDERAL RESERVE BANK OF SAN FRANCISCO March 7, 1928. Mr. Benj. Strong, Governor, Federal Reserve Bank of New York, New York City. ' Dear Governor Strong: Your letter of February 25, written from the Brighton Hotel, Atlantic City, was forwarded to me here, where I am spending a month just doing nothing but enjoying the sunshine and the balmy weather and the many old friends, forgetting the problems that irritate me and just simply loafing. I want to thank you for your very kind letter and the splendid feeling that it brought me. Nothing would please me better than to meet when the time comes that you will take this matter up with our Chicago friends. If I know when it does happen, I am going to strain a point to be there. At all events, the greatest pleasure which your letter brought was evidence to me that you are getting better. Your illness has caused us at Kansas City a good deal of anxiety, and I sincerely hope that you are on the way to final recovery. A lot of us would not be missed out of the Federal Reserve System, but the whole System would suffer if you should be taken away. I want to express again iv full appreciation of your letter and the feeling of cordial good will that it brought to me. I also received a letter from Mr. Kenzel in regard to transferring the proceeds of a cargo of wheat into acceptances. It is very enlightening and I appreciate it very.much. Uth all the best wishes I can express, and full appreciation of your friendship, I am Sincerely yours,
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