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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

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

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
W. HELM, CASHIER
AN PH I L LI PS. Ja..AsFr CAS,ER
E. P. TYNER, ASSTCASHER
G. E. BAR LEV, ASSTCASHIER

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

HEBER HORD.

KANSAS CITY

MWE . PAR 1, AssTCASHIER
A.G. FROST. AsS,CASHIER
A.M.McADAMS.ASSTCA5HiEF
G. H

ASA E. RAMSAY.

OF

C. A WORTHINGTON. DEPUTY GOVERNOR

-

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.

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1")(1A.:-.




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,


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102