~;._

WIUIAJI G. JlcADDO

. ,~· . ~ .~~ lP . .,..,.r:.Jillll., --· . ........... UIIG,Ytcl_l __

PRIDIIIIC: A. DILAllO .

S&CIITARY OP THI TRIAIIURY CHAIIUIAII

ADOLPII 0. IIILLIR CJIARLII 1. HAJIUII

JOKII SltiLTOII WJLLIAJIS COMPIIOLLll OP TH& CVIRIIICY

Dear ~r:

FEDERAL RESERVE BOARD

WASHINGTON

II. PARKIR WILLIS; S&CRITARY IIIIRJIAII P. ALLEK, MH, S&Ca&TARY

AIID PliCAL MOT ·

ADD- lliPt.Y '1'0

f'KDIEIIAL RDIERVIE IIOARD

VJ attention bae been CAlle~ to aD error appearing

in the table a.ccor;~pa.Lyin& rei letter of Janua.rr 18~ (Uirr.eo.I-657)

in re~a.rd to increasing tho nwLber of ba.nka on the par list. In

the statoan~ aa sent out" the ~oroenta.ge of increase in nOia'Umbor

.banks for the Chicago District is ehOV'Iil as 6.Jl., whereas .this figwoe

ehc:Nld be a.1., ,and tho percentage of increue·tor t4e Philadelphia.

District should bo al.§i instead of 13.62.

It will bee all tbe JtOI'e a.ppa.rant tha.t the federal Resene

knk of Chicago bae zrade a. n.ost astonishing advance in' the ua:tter

of additions to the par l~at ancl that the Federal &sene Bank. of

Philadelphia also u:a.de a. verr goo!l ahOWing.

While 1 rogret the errore in the f om.oJ' eta.ten.ent, I

am glad to acknowledge it and to me the correctio~~o irJ. justice

to these Di,striots. l send 1~ bereWitb corrected copies of the

a~atenant for your files.

Vel'f truly yO\lra,

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

00 ~ S1'A'fil4EHJ SBQVING GRON'EH OF CLEARING 14EimERsHIP IN

I'Em:Ri.L RESERVE SYSTD J'OR tHE TEAR 191'1, X-658

' I • MEMBER BAliS IOIJMJ:MBER BAlKS hchaao Increa.ae

DISTRICT Month ending 01" Month enciiilg 01' Jan, 15 Dec. 15 DeerOA" Percent Jp, 15 !lac. 15 Decnu• Percent

Boston 402 399 3 (#) .'15 (f) 242 242 0 (•)

New York 628 651 as 4.49 313 343 ao .96

Phi1adlphia. 632 638 4 (f) .. 63 (f) 232 310 78 33.62

CleYelancl '1&3 '163 ll 1.46 492 56$ 'Ia 14!.8i

Richn.on4 521 r,a'l a 1.53 c286 266 ao (I) '1.0.0 (f)

Atla.Dta SS9 391 2 .51 416 326 90 (f) 21.~ (#)

Chioa.go 1,044 1,084 40 3.84 1,429 2,331 902 63.1,

ft. Lcuia 468 479 11 2.35 883 99'1 114 1~.91

J&inneapoli.e 7(// '1'13 66 9.33 1,100 '1,033 67 (#) 6.0i (f)

Xanaaa City ..9-43 959 16 1.'10 1,408 1,527 119 8.45

Dallas 619 633 14 2•26 2~1 211 10 '') 4.5& (f)

San FranciatG '522 f>34 u 2;30 1)108 l,lTO 62 5.59

'1~622 '1.823 aos 2.'13 a,_tao . 9,321 1,1~1 14.64

{#) ·Decrease. (•) AU· Danks iu Boston distri-ct are in

"CORRECTED COPY - Januar.r 24, 1918 the Cleal'ibg Syatem.

f . j

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis