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At a meeting of the Executive . 'Committee of the .?edema Reserve Board held .in the office of the Board on Tuesday, December 18, 1917, at 11 a.m., PRESEN7: Mr. Harding, 4arburg, Nr. Hamlin, ?.7r. Allen, Assistant Secretary. Ur. Delano, Governor Harding called attention to letters received by him urging the support of the Chamberlain amendment changing the capital requirements for state bunks desir1n,,3 to be admitted to the System, and after discussion the JharAberlain Bill was referred to Mr. Hamlin with the reiuest that he report to the Board at the meetint tomorro:, if possible. Advice wasreceived from the Navy Department to the effect that messages in code would be permitted between the Federal aeserve Bank of New York and the Bank of England. The appointment of Walton N. Moore, a Class C Director of the Federal Reserve Bank of San Francisco, as Assistant Federal Reserve Agent, advice of which was received by wire from Federal Reserve Agent Perrin, was ap- proved, a bond of :50,000 to be reqaired. 4overnor Harding called attention to a letter from the 2ederal aeserve Bank of Thiladelpnia asking if Zection y 5,200 J.S. applied to notes given for the purchase of Idbert Bonds. This was referred to Counsel for an opinion. qovernor Harding also read a letter from Zack Cobb, Collector of Customs, Li r'aso, relative to the existing values of 7. S. cold and silver currency in Eexico. 11.30 the meeting adjourned. APPOVED: Secretary. Ohirman. CI)
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