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Letter From Counsel to Governor, Federal Reserve Board, Oct. 5, 1917, re Following Questions Asked by Governor. 1. Whether a Federal Reserve Bank Acting as Fiscal Agent for the Govt. Is Subject to General Supervision of Federal Reserve Board. Answered in Affirmative. 2. Should Its Expenses as Fiscal Agent Be Shown in Reports to Board as Part of Expenses of the Bank, & Should Sums Paid to the Federal Reserve Bank by the Govt. for the Performance of Such Service Be Included in Its Reports as Part of Earnings of the Federal Reserve Bank. Answered in Affirmative, Number X-438, Volume 6, Page 2827

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Board of Governors of the Federal Reserve System (U.S.), 1935- and Federal Reserve Board, 1914-1935. Letter From Counsel to Governor, Federal Reserve Board, Oct. 5, 1917, re Following Questions Asked by Governor. 1. Whether a Federal Reserve Bank Acting as Fiscal Agent for the Govt. Is Subject to General Supervision of Federal Reserve Board. Answered in Affirmative. 2. Should Its Expenses as Fiscal Agent Be Shown in Reports to Board as Part of Expenses of the Bank, & Should Sums Paid to the Federal Reserve Bank by the Govt. for the Performance of Such Service Be Included in Its Reports as Part of Earnings of the Federal Reserve Bank. Answered in Affirmative, Number X-438, Volume 6, Page 2827, Mimeograph Letters and Statements of the Board. Board of Governors of the Federal Reserve System (U.S.), 1935-. https://fraser.stlouisfed.org/scribd/?item_id=510764&filepath=/files/docs/historical/redbooks/frsbog_mim_v06_2827.pdf&start_page=1, accessed on August 20, 2017.

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