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FEDERAL RESERVE BANK OF D A LL A S June 7, 1929 PRESERVATION OF MEMBER BANK RECORDS To the Member Bank Addressed: For your information, and by order of the Federal Reserve Board, there is quoted below a communication received by the Board from the Department of Justice with ref erence to the above subject. Yours very truly, Federal Reserve Agent “DEPARTMENT OF JUSTICE Washington, D. C. April 29, 1929 “The Governor The Federal Reserve Board Sir: “It has been brought to my attention that the Special Accountants of this Department assigned to investigate alleged violations of the Federal criminal statutes at member banks not infrequently find difficulty in locating the neces sary records to support the criminal charges, and it has been suggested that this condition would be remedied if such banks were to preserve all bank rec ords, subsidiary and otherwise, for the period named in the Statute of Limita tions, that is, the term of three years. “The question whether the proposed practice is desirable, and, if so, what steps, if any, may properly be taken by your Board to bring it about, is sub mitted for your consideration. Respectfully, For the Attorney General (Signed) 0. R. LUHRING, Assistant Attorney General ” This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)