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At a meeting of the Executive Oommittee of the !ederal Reserve Board held in the office of the Governor on Thursday, April 5, at 12 noon, PX41;1,1:T; 1.:r. Harding, presiding, Li-. Delano, Mr. willis, secretary. darburg, Governor Harding presented various matters of business which were considered and acted upon as follows: statement prepared by the Division of Ftatistics snowing the number of national banks in each Federal reserve district having assets of .,5,000,000 or more, and also the number having less than that amount, was discussed. The question of amendments to the Federal Aeserve let; and there was brief considerxtion of proposed changes in the draft of the amendments. J. telegram from . dated an Francisco, with reference to the question of the establishment of a branch of the Federal deserve Bank of San Francisco in the Pacific rorthwest, was noted. L letter from Federal Reserve Agent Austin with reference to the question of paying the salaries of employees who might enlist in the iirmy or Navy, was discussed and laid on the table until a report has been received from the Governors of eserve Banks with reference to aniform action on the subject. Papers relating to the action of the Lmerican National Bank and the iLmerican 'rust )ompany of Aichmond, Va., with reference to the sale of certificates based on first mortgages on real estate, were presented; - and it was informAlly areei that the matter was one to be disposed of by the Jomptroller of the ,Jurrency. JL letter ::ritten by the Governor and addressed to the ChoArman of the Lemphis Clearing House Committee, was approved and ordered transmitted. letter from the State Department with reference to the status of dussian exchnge, was referred to Y.r. burg. It was announced that the conference ,Nith the Governors sClieduled for this morning at 10.30, had been postponed until Friday morning, April 6, at 10.30. After tele- phone communication with the 'Chairman of the conference, it was agreed to altr the hoar to 3 p. m. this day. On motion at 12.35 p.m. the Committee adjoarned. ilproved:
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