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At a meeting of the Executive Committee of the
Federal ReserveBoard held in the office of the Governor
on Yriday, July 13

at 11.26 a.m.,

- PRESIZT:
;.1r. Harding,

Mr. Delano,

Mr. Warburg,

::!r. Willis, Secretary.

The question of extending the special arrangements for the discount of non member bank notes which had
previously been limited in their duration to July 15, was
- presented, and further discussion given to it.

On motion,

it was voted to extend the rate for the present beyond
July 15, subject, however, to cancellation without notice,
,the Secretary to telegraph all banks accordingly.
,On motion, at 11.30 a.m. the
APPAWED:

,lhairman.

mittee adjourned.