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1243 At a meeting of the Executive Committee of the Federal Reserve Board held in the office of the Governer on August 5, 1918, at 11;45 L.M., PR.66.1NT: Mr. Harding, presiding Mr. Warburg Mr. Broderick. Acting Secretary. Leming business was presented and disposed of as follows; A letter from -Jeputy Governor McKay, of Chicago, enclosing copy of Memorandum of Service Form covering duplex Morse 'Service on the leased wire between Chicago, Cleveland and ;iashington, was read and the installation of the service approved. Mr. Warburg.reported the arrangement made with the Federal Reserve Bank of New York on August 3d, for the discount of 4;5,0U ,uou for account of the Minneapolis Bank at 1; at various maturities up to October 1st. 4-14 Approved. Governor Harding read a letter from the Fordson Tractor's Association relative to the financing of tractors; referred to Governor Harding for reply. Governor Harding read letter from Mr. Jerome Thrall, Clearing House Section, Americam Bankers' Association, submitting Clearing House statistics suggesting it might possibly be the information which the Board is endeavoring to obtain in accordance with circular sent out several days ago. Noted. z1244 11111,2••• The Acting Secretary submitted two letters from the 2ederal Reserve Bank of Richmond, asking for priority orders to be obtained on equipment necessary for the enlargement of its quarters. The Secretary was instructed to take the matter up with the War Industries Board. The Acting Secretary submitted memorandum recomn mending the probationary appointment of Mrs. Hennie McFadye in the Division of Reports and Statistics, effective August 5th. Approved. The Acting Secretary submitted a letter from C. C. stating Williams, Major General, Chief of Ordnance, U.S.Army, vault machinery necessary for the completion of the Atlanta could not was being used for Ordnance Department work which be interrupted. The Acting Secretary was instructed to write the Ltlanta bank accordingly. a Mr. Warburg submitted as a basis for circular, ng reserve memorandum with reference to figuring and reporti against deposits and Federal Reserve notes. It was ordered docketed for the next meeting of the Board. d Mr. Warburg reported that advice had been receive from the Treasury Department that the Government of Bolivia the had ratified the agreement heretofore submitted to nt would be Board, and that a duplicate copy of the agreeme sent to the Federal Reserve Bank of New York. 1245 -3.. WORT OF COUMITTBS NO. 2: Dated August 5, 1918, recommending admission of State institutions as set forth in the auxiliary minute book as df this date, subject to the conditions stated in the individual reports attached to each application. At 12 noon, the meeting adjourned. cting Secretary. Approved:
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