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1323

At an informal conference held in the
Board Room on Tuesday, December 7, at 11:15 a.
PRESENT:
TJJ-. Halin, presiding
r. Williams

Lir. Warburg
Lr. Miller

!Jr. Willis, Secretary.
PRESENT ALSO:
LT. Strong, Governor, 2ederal Reserve
Ban;: of New York.
William C. '7oodward, President, Hanover
National Bank, New York.
:Tr. Strong and 7:r. Woodward reviewed the present situation under the Clayton Act as applied to directors of national and other banks, suggesting the
necessity for modifying the provisions.




General discussion ensued.
On motion at 1 p. m. the conference adjourned.

"CAA-E-4,C4,

A-AbLe
oecretary.

:Thairman.
1