* THIS BOOK IS THE PROPERTY OF THE FEDERAL RESERVE BOARD AND NOT TO BE REMOVED FROM THE BOARD'S OFFICES.

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MIMBOGBABEE LBTTORS AKB SMEMBBT3 ISSUED BY SHE ESDBRA1 BB3EHVE BQ4BD JiUUiHY 1916 - BEdBMBSB. 1917 (la four volumes) TOL. II. * THIS BOOK IS THE PROPERTY OF THE FEDERAL RESERVE BOARD AND NOT TO BE REMOVED FROM THE BOARD'S OFFICES.

Stencil XIII Page 1t>o 701 Letter re resolution adopted levying assessment against Federal Beserve Banks 1073 706 Letter re issuance of par lista in connection with clearing system 1374 707 Statement to all Federal Be serve Agents re prohibitions of Section 8 of Clayton Act 1376 709 Besolution adopted June 23, 1916, re Section 18 of Federal Beserve Act 1385 710 Letter re Besolution covering separation of gold order certificates 1386 714 ) Memo. *hy member bank drafts on FBBanks 714 a) should be accepted by all FBBanks for immediate credit at par 1387 717 Letter re amendments sent forward to Congress now in session - July 5, 1916 1397 724 Letter re forms 94 and 94a 1398 727 Why draft of member bank against surplus funds to its credit in IHBatik can properly and safely be given immediate credit at par by any other FBBarik 1399 728 Letter in connection with Stencil #727 1404 * 730 Letter re Bulletin material 1405 735 Letter re discount rates 1406 739 Letter re applications under Clayton Act 1407 740 Memo, for the Board re fiscal affairs of the Government 1408

Stencil XIV Bage 742 Report of Committee re system of public relations work under direction of CShainnan Hi eh of ERBatik of Minneapolis 1415 742 a Public relations work in the Federal Be serve Banks - by John H. Hi oh 1418 742 b Lines of public relations work open to Federal Reserve Agents - by John H. Rich 1423 742 c Suggested extensions of public relations work - by John H. Rich 1427 744 ) Letters re order issued by Postmaster General 1433 744 a) 747 Suggested Circular re Circular 56. 14 and Regulation M, Series of 1915 1436 748 Memo, for the Board submitted through. Counsel's office - by Breckinridge Jones 1487 749 Letter re report of Chairman of ERAgents' Committee on Publicity. 1440 760 Postmaster General* s Order So* 9808 1441 751 Postmaster General's Notice to all Postmasters 1442 754 a Memo, for Mr. Delano re Clearing: Statistics 1443 758 Copy of reply made by HLBoard to letter received from a national banker in re Circular of July 22, 1916 sent out by Conference of Bankers. * 1444 756 Letter re uniform methods in figuring average rates of earnings for the several classes of earning assets held by ERBanka 1445 757 Letter re collection of checks of non-member batiks through postmasters 1447

Stencil XV Bage 768 Statement for the press re suit to be brought to test legality of Circular 1, Series of 1916 1448 761 Letter re Kern amendment to Clayton lot 1449 770 Confidential schedule of conversions of 2% bonds 1452 7?a Letter in connection with first above 1453 782 Letter of Chairman of Committee on Clearing re rules and charges of Clearing House Associations 1454 789 Letter re omission of certain part of amendment to federal Be serve Act by Conference Conmittee 1455 Letter re copy covering business conditions 1456 791 Letter re expenses of transit departments 1457 793 Letter re election of directors at FRBatiks 1458 Letter re advances to member banks by EBBanks 1460 795 Letter re reserves of member banks 1461 79S Letter re saving of gold and issuing of EHHotes 1462 800 Future of the EE$ ystem - Changes urged by Paul M. Warburg 1467 802 Letter re payment of dividends by ERBanks 1478 806 Letter in connection with reconcilement of Gold Settlement Fund and IBAgents* Fund 1479 807 Statement for the press - Clayton Act 1480

Stencil m Bage 809 Opinion of Counsel re language "private banker* as used in Clayton Act 811 Hew item "Member basks* collateral notes" to be adopted "by ERBariks 812 Supplements to the par list 813 Be solution adapted by ERBoard September 22, 1916, re purchase of bonds by BBBanks 817 Letter re expenses of transit departments 818 Reconcilement letter in connection with EBBatika* accounts 819 Letter re endorsement of paper by member banks 822 Letter re cost of clearing 824 Letter re profit realized on sales of U.S. bonds Opinion of Counsel re real estate loans by batiks in outskirts of Chicago 828 ) Letter of Mr. Delano and letter of Mr. B.H. 828 a) Hurley re accounting methods in industries 830 Announcement by the Board re interpretation of "private banker" as used in Olayton Act 832 Letter in connection with first above 833 ) Letter re copy covering business conditions 833 a) 835 Remarks of Mr. Willis re Philippine national Bank 1482 1487 1488 1489 1490 1491 1492 1493 1494 1496 1496 1500 1501 1502 1504 837 Statement for the press re transfer of Wisconsin territory to the Chicago District 1507

Stencil XVTI Page 843 Letter re Daily Bank Statement form 1508 844 Letter from Chief, Burreau of Efficiency, re pensioning of civil employees 1509 845 Order amending the geographical limits of Districts Eos. 7 and 9 1511 846 Letter re penalties for deficient reserves 1513 848 Letter re schedule of charges which banks may assess against their patrons 1515 849 Letter in connection with first above 1516 850 Letter of Wholesale Grocers' Association of Hew Orleans re charges which banks may assess against their patrons 1517 852 The Federal Reserve System: Looking ahead address of A.G.Miller 1518 854 "Federal Reserve Motes" 1559 855 Maps of large cities requested in connection with applications under Kern Amendment 1572 856 Copy of telegram sent to all Filugents re acceptances 1573 864 Letter re next installment of reserves 1574 865 The present position and future development of the FliSystem address of,7.p. G.Harding 1576 867 Letter from Counsel re acceptances of member banks 1599». f 78^ Letter from Mr. Warburg to Mr. A.C.Miller re ' ^ note issue and, reserves 1611 876 Letter in connection isith Stencil#77 1641 877 Outline of topics suggested for treatment in 1916 annual report of FB,Ranks 1642

Stencil ZHII Page No. 880 Remarks of H.P.Willis, Hovember 22, at Paterson, H.J. 1645 881 Letter of Chairman, Committee on Clearing, re progress in clearing operations 1669 883 Statement for the press re Federal Advisory Council's quarterly session 1674 885 Letter of Governor re price of 2$ U.S.bonds 1676 886 Estimated gold stock of the country, etc. by H. Jacob son 1678 887 Letter re gold supply and extension of credits to foreign countries, as viewed by Federal Advisory Council and ERBoard 1679 890 Letter of Mr. Delano to ERBoard re desirable amendments to Federal Reserve Act in connection with greater concentration of gold in reserve banks 1682 891 Statement for the press, relating to foreign credits 1691 893 Disapproval of officer or employee of ERBank serving also %s Ass 1 1 to Chairman and ERAgent at that bank 1696 897 ) Letter re resolution levying assessment against 897 a) ERBanks for general expenses of Board; also 1697 copy of resolution 898 Letter asking for extra copies of January 1916 Bulletin 1702 901 Draft of proposed rates for collection charges on checks 1464 902 Letter re FRHotes at ERBadks, etc. 1466

Stencil XIX Bage 904 farther amendment to Section 19 of Itederal Beacrve Act. 906 Amendment to Section 22* 906 Farther amendment to Section 11 of ftderal Beswrve Act. 906-a Part her amendment to Federal Be serve Act - Section 11* 907 Act imposing semi-annual tax on banks. 908 farther amendment to Section 6202 of the Bevised Statutes of the U. S. 909 Memorandum - Retirement of Greenbacks. 910 farther amendment to fifth paragraph of Section 13 of Federal Be serve Act* 912 Amendment tip Section 18 of Federal Be serve Act. S-l3 o Se.cA \ o rv n 914 Act regarding Associate Member Banks of Federal Be serve Banks. 915 The federal Be serve System as a new factor in national & International Finance, - Address by W. p. s. Harding, to Boston Oity Club. 917 Letter from Counsel, f. B. Board, enclosing letter from Mr* Broun, Chief of Bureau of Efficiency, re stqrpcsed criticism of said Bureau by Mr. Elliott. 918 Brass Statement, re conference of Governor* of F. Be batiks held Dec. 11th.-14th., inc. 1705 2706 1708 1709 1710 1711 1712 1716 1716 1717 1718 1748. 1780

f&ge so* 920 923 924 926 926 929 932 933 934 936 938 939 Form letter r# eligible applicants for appointment on staff of F. B. Board, 1782 He solution of F. B. Me, re membership In SMeral Advisory Council. 1783 Beserve Rotes as Beserve# 1784 Amendment to first paragraph of Section 13 of F. B. Act - previously amendm* 1786 Further amendment to Section 25 of F. B. Act, re Branch Banks. 1786 letter sent to Btederal Beserve agents & Govs* of Stederal Beserve banks, together with "Special Instructions #2 of 1916", Dec, 20, 1916. 1787 letter re purchase of bonds by Federal Beserve batiks*, 1788 letter, enc. copy of resolution adopted by F. B. Bd., Dec* 27, 1916, re purchase of U. S* Z$ bonds, by member batiks* 1789 letter explaining Items in Form 34 (1917 ' edition), dated Dec. 23, 1916. 1790 Form letter re increase in salary of members of staff of F. B. Board, dated Dec* 26,1916. 1792 letter re appointment of Bank of England as foreign agent for F. B* baak of Hew Yoric. 1793 Memorandum,re let tea written to F. B. agents containing matter affecting operation of basic. 1794

Stencil XH Page 941 Circular letter to Federal Beserve Agents re changes, if any, desired in Fora F. a. A. -5, dated Deo. 28. 1916. 1795 944.Amendments proposed by F. 1. Board,in form approved by Board, Dec. 20, 1916* 1796 648Na Further amendment to section. 16, F. R. Act, paragraphs 2,3,4*5,6 & 7. 1797 'fjjs 945 Farther amsncbnent to Section 19 of F. R. Act, -Reserves. 1800 90&»b Amendment to Section 11 (c)-increase of Beserves. 1804 CJu i. 947 Farther amendment to Section 13, ' paragraph 1, F. H. Actiy Collection ' of Cheeks for non-member Banks. 1805 905-a Amendment to Section 22 of F. E. Act. 1806 910 Further amendment to Section 13, paragraph 5, of F.B. Act. 1807 Amendment to Section 17 of F. B. Act. 1808 926 Further amendment to Section 25, F. B. Act, -Branch Banks. 1809 961 Further amendment to Section 9 of F. B. Act, -Membership of Idatoal Savings Banks. 1810 950 Amendment to Section 18, paragraph, 5, F. a. Act# 1812 949 Amendment to Section 4, F. B. Act. 1813 946 Ofcth of F. B. Agen%*or Deputy Agent, -may also be used by other class "C" directors by omitting reference to F. B. Agent. 1815

Stencil XH1 aa^h 1 ^ 947~& Farther amendment to Section 13, paragraph. 1, of F. H. Act, -Collection of Checks for non-member Banks. 1814 948 Letter, dated Jan. 2, 1917, from Sea# P. R. Board, sent with copies of He vised Form 38* 1816 949 Amendment to Section 4 of F. R* Act* 1817 950 Amendment to Section IB, paragraph 5, of F. a. Act* 1818 951 Amendment to Section t, F. B. Act, Membership of Mutual Savings Batiks* 1819 952. letter from GOT*, F. R«Board, dated Jan* 4, 1917, sent with copies of drafts of amendts*, prepared by Board, and submitted to Committees on Banking and Currency of Senate & House of Hep* 1821 959 Statement for Press,dated Jan* 9, 1917, re Boston Clearing House Batiks* 1825 960 Circular letter from'gov*, F. R. Board, re purchase of U# S. bonds by F. R. Batiks* 1826 962 Statement for the Press, re purchase of U. S. bonds by F. R, Batiks* 1827 963 Annual Report, 1916, of F. R. Board, transmitted to House of Representatives* 1828 965 Circular, dated Jan* 11, 1917, to F. R. Batiks, re weekly reports of Gold Settlement Fond* 1912 966 Circular letter re copy for business conditions for use in P. R. Bulletin for Feb*, 1917* 1913 967 Press Statement for morning papers, Jan. 14j 1917, re amendment to Federal Reserve Act, submitted to Committees on Banking & Currency of Senate and House of Rep* 1914 969 Amendment to Section 3 of F. R. Act* 1920

Stencil Mo. XXIII Page 970 974 975 976 977 980 982 984 985 Further amendment to Section 14, sub-section (e) 0f Federal Beserve Act. 1921 Circular letter, dated Jan. 15, 1917, from Gov., F. Be Board, re unfit Federal Beserve notes forwarded to the treasurer of the U. S. for redemption by a Federal Beserve Bank Sther than the Federal Be serve Bank of Issue. 1922 Circular letter, dated Jan. 15, 1917, from Sec., F. B. Board, sent with copy of Form and Be solution for use by Member Batiks, re sale of U. 5. bonds through the Treasurer of the U. S. 1925 Bemarks of H. P. Willis, Sec., F. B. Board, at Boston, Jan. 16, 1917, to members of the Bos torn Chapter of the American Institute of Banking. 1926 Letter from Sec., F. B. Board, re changes to be embodied in supplement to par list to be published Feb. 1, 1917. 1946 letter, dated Jan. 17, 1917, from Vice Gov., F. B. Board, re proper methods of classifying discount material on hand in batiks. 1947 Letter from Gov., F. B. Board, dated Jan. 19, 1917, re Bankers* Acceptances. 1943 Form of resolution authorizing a Federal Beserve Bank to ship unfit Btederal Beserve notes of another Federal Beserve Bank direct to the treasurer of the D. 3. for redemption. 1951 Letter from Gov., F. B. Board, accompanying 'Form of Besolution" authorizing a Federal Beserve Batik to ship unfit Federal Beserve notes of another Federal Beserve Bank direct to the Treasurer of the U. S. for redemption. 1952

Stencil mv Page 988 Eoitn letter from Gov#, F. H. Board, Jan. 23, 1917, re trade acceptance, -inclusion under this head of draft or Mil of exchange based on purchase of advertising space. 1953 989 Memorandum for Auditor-circular form. 1954 (revised! 990 (revised) Memorandum for Cashier, -circular form. 1955 991 Memorandum for Manager of Eransit Dept.- (revised) circular fonn. 1956 994 Letter from Chairman, Com. on Clearing, Jan. 26, 1917, re advancing operations of clearing and collection system. 1958 997 Press Statement, Jan. 29, 1917, from P. B. Board, re views of Advisory Council re proposed amendments to F. H. Act submitted to Banking and Currency Com. of Senate and House of Sep. 1961 999 Bill introduced in House of Bep. by Mr. Carter Glass (H. R. 20540) for authorizing national banking assotions to establish branches. 1970