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Show BANKERS ASKED 10 I HELP MOVE HROPS M LETTER 13 ADDRESSED BY FED- M ERAL RESERVE DOARD TO H TWELVE REGIONAL BANKS. H Action Taken to Forestall Any Pos- H olblllty of Confcstlon of Crops This ' H Fall or Lack of Financial Accom- H modatlon to Move Them. H Washington. Preliminary plans do- H signed to make availublo tlio resources rH of tli o federal reserve system In tlio jH unnuiil full movement of crops lmvo H been worked out by the federal re- H serve board. Writing to tlio twelve H regional bunko, the board pointed out H in a letter made public Monday how H members of tlio system may help to H finance the crop movement. H Tho board's action wiib taken, tho H Jettor SayH, to forestall any possibility H of congestion of crops this fall or Incl H of financial accommodation to move H them and 'to avoid a rocurronce of the H stringency which in tho pust has H marked this movement. H Although tho board applies its plan H (b wheat, corn and nil other cereals, H it devotes most attention to tho cot H ton crop, which, it says, is peculiarly H sensitive io abnormal conditions, such H sa now exist In tho export trade. H Usually tho crop movement has B been taken care of by government do- H posits In banks or tho issue of omer- H goncy currency under tho Aldrlch- H Vrooland act, which expired last H month. In placo of these agencies, tho H board states, thero Is amplo authority H In the federal reserve act to meet the H situation this fall. |