Cost of operation of and shipment of currency by the gold settlement fund shall be apportioned by a semi-annual accounting among the 12 federal reserve banks on a basis to be hereafter determined by the board after consultations with the federal reserve banks.

XI

AUDIT

At least once in each three months an audit shall be made of the gold settlement fund by a representative of the Federal Reserve Board and representative appointed by the federal reserve banks.

XII

The Federal Reserve Board reserves the right to add to, alter, or amend these regulations.

Charles S. Hamlin,
Governor.
H. Parker Willis,
Secretary.

Federal Reserve Board

Washington, June 7, 1915.

Membership of State Banks