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F e d e r a l o f R e s e r v e st. B a n k L o u is January 29, 1942. CURRENCY AND COIN DEPOSITS To all M em ber Banks in the Eighth Federal R e sem e D istrict: Sonic time ago we addressed a circular letter to all m em ber banks requesting that as far as possible they avoid depositing w ith us fit or new paper currency which could be utilized in m eeting local demands. W e greatly appreciate the splendid cooperation which has been given to our request. Now, however, with the country at wa r, new and urgent reasons for m ost careful conservation have] appeared. These considerations prom pt us again to call th attention of our member banks to the desirability of avoiding unnecessary ship ments or deposits with us of currency and coin fit for further circulation. Your further cooperation in this m atter \\ ill assist m aterially in following out this program. Yours very truly C H E S T E R C. D A V IS, President.
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