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FEDERAL RESERVE BANK OF DALLAS Dallas, Texas, July 20,1934 IN FO RM ATIO N TO BE SU BM ITTED B Y M EM BER B A N K S W H ICH H A V E CO RRESPO N D EN T RELATIO N SH IPS W ITH D E A L E R S IN SECU RITIES To the Member Bank A dd ressed: Please refer to m y circular letter dated June 26, 1934, wherein I advised you that the Federal Reserve Board had granted a perm it authorizing any m em ber bank, until Decem ber 1, 1934, to have correspondent relationships with any dealer in those kinds o f securities exem pt from the restrictions o f Section 5136 o f the Revised Statutes o f the United States. In granting this “ blanket” permit, the Federal Reserve Board reserved the righ t to obtain from each m em ber bank, which availed itself o f the privileges covered by the perm it, such inform ation as the Board m ight require in connection with the rela tionships authorized b y said perm it. I f your bank has availed itself o f the privileges authorized by this perm it, you are hereby requested to furnish me prom ptly with the follow ing detailed inform ation regard ing each syndicate operation in w hich your bank has participated as the correspondent o f a dealer in secu rities: 1. A description o f the issue, including the name o f the issuer, the nature o f the obligations (w hether bonds, notes, or other obligations), the amount o f the issue, the m aturity, and the rate o f interest. 2. The names o f the other m em bers o f the syndicate or group which partici pated in the transaction. 3. The amount o f the issue subscribed fo r by the reporting m em ber bank. 4. The amount o f the issue actually taken by the reporting m em ber bank. 5. The price paid fo r th e securities by the m em ber bank, and the price at which they were sold to the public. 6. The extent to which the m em ber bank’s participation has been disposed o f at the time o f its report to the Federal Reserve A gen t and the extent, i f any, to which the m em ber bank proposes to retain the securities fo r its own account. The above inform ation is also required in the event you have participated in any syndicate operation involving a dealer in securities who has been acting as your cor respondent under the perm it referred to above. Y ours very truly, Federal Reserve A gent This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)