llX-OPPICID llBll•Bll• W. p, 8, HARDIN8, 80Y•••o• PAUL M. WARBUR8, YIC• GoV••n• PRBDHIC A. DELANO

WILLIAN 8, McADOO ADOLPH C, MILLH •11e•nA•Y OP TH• T•usun

CHAlallAll CHARU• •· HANLIN

JOHN SKBLTON WILLIANS ClOHPrROLU• OP TH• CU••••CY FEDERAL RESERVE BOARD H. PARKBR WILLIS, BK•DHY

···•••AN p, ALLEN. MST. ••e11na•Y AaDPl8CALM•HT

"

WASHINGTON ADDllD• UPLY TD

PllDllUIAL RaBllVB llOARD

X-605

December 22, 1917.

Dear Sir:

Arrangements have been made with the N~tional Bank

~~de~tion Agenc~. which also assorts ~ederal Res~rve notes,

to reduce its st~ndard so that ~ greater proportion_ of used

notes will be:roturned to Federal R~serve b~nks as fit for

circulation. This step is necess~~y because the Bureau of

Engravi~g and Pril,ti1'1g tk"\s been co:1ceatr"lti£1g upon the pre­

par.11tion of Liberty Bomls, ~11d as g, result cannot camplote

otders for Federal Reserve notes ~s r~pidly as formerly.

It is B8gestod that your ota;,idard be tevised to

conform to th,_t ac'!ept~d by the i1"1tional Bank Redempti~~

.Age11cy i&1 the ~re'1aury De:,.i.rt~·.lel1t 1 :ind that •10 l1otes be

sel1t ill f •r rede: r,..ltio11 u:;:tl.esA b~t.clly worn.

Very truly yours •.

Gevernor. .... . .

. • •''

... •·· .

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