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FEDERAL RESERVE BANK OF DALLAS Decem ber 6, 1934 CO RRESPO N D EN T R E L A T IO N S W ITH D E A L E R S IN SECU RITIES T o the Member Bank A ddressed: On June 23, 1934, the Federal Reserve Board issued a perm it under Section 32 o f the Banking A ct o f 1933 authorizing all m em ber banks to act, until Decem ber 1, 1934, as “ correspondent banks’ fo r dealers in securi ties in connection w ith underwriting and dealing in the follow ing types of securities on ly: Obligations o f the United States, Obligations o f any State or o f any Political Suodivision thereof, Obligations issued under authority o f the Federal Farm Loan A ct, Obligations issued by Federal Home Loan Banks a n d /or by the Home Owners Loan Corporation. Y ou are hereby advised that the Federal Reserve Board has extended the above described perm it until D ecem ber 1, 1935, reserving the right to make such requirem ents from time to tim e as it may see proper regard ing the rendition, by m em ber banks exercising the privileges conferred by the permit, o f reports covering their operations thereunder. F or the pres ent, no such reports are necessary. 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)
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