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a meeting of the 1ecuLive ,X)itt(e held 16, in the office of the ;overnor on :Ionday, 1) ,, presiding, or 7ardinL, Lir. Delano, .;,ssistant 3ecretar:7.- deserve Governor 7Tar1ir"-- 17,resented lctter to Ader:2, to ry tht the gent Jurtiss, replyIL linitations mposed by Section l banks to enaL,e in two se-frate thori Uig national d di tinct kinds of acce2trce business are separate and distinct, and that the provisos or lirritations on the amount of sUch ptances authorised by those two p_r. 1 tivc. sel This was pprovcd ac- • , "•' nd themernrandwn of ,soun- on which the letter ...as based ordered rercrred to the Law Jommittee to deternine if it shcndd be published in the T,illetin. Governor 7:,rdilj :luthorized to send forthe Eoard a tele,;ram to all ,cder.,1 reserve banks 'Lpressin2; Board's aprecitonh su.,.rc banks, of the work of the Federal e- ember banks and associated committees in connection with the Liberty ,o n. overnor 717z..rdinz lett'cr frf- :.-Lutllorized to reply to the prem.r..;_tion n7d • of cert 1 to it% '0!' ' -torneys —111 „r.d I %s to the c, p1o7- c1t of 7ous ton , is stockholder 1 1 the Li:. id 't ion of re 7c2red to the L,.;.w jor=1. tte c. , wz.is J.thor 1 Lel to letter from 7rove.rnor . eder,...1 to the rolic,7 of the , v; .. 1e) :1,c1 renewinc: forcisn loiiis. that ..i.eserve 1* -A.-ter in the !:',...tter lter. lie would Pe ad i..ven to L. —1:prov ett, r r bur:: to 'tY,e bry..rd to de:.1 ..iththe 1y1-0-01e of joL7, '•-•, - forein countries. letter from 711.rd n..,tio11 r1cs iimiti, in3h, of the '.1.fth iki tilority to 1_1.7st 2or that ik in the :.!:..eriL:;an pora tion id 17 aw ,0=1.ttce. referred to the , 7;1 .c..L; Jounsel was rejuested to prepare as early as possible a revisionof the resul,tions of the Board to cover changes the law contemplated by the proposed amendments, and to submit said revision to a sub-committee composed of Delano and Lr. iarbur:,, which war' given ...,athority to have the proposed changes put in type. Oommittee adopted the following resolution:. aereas, under E.Ile ative Order, the reasury Department will be closed at one p.m. on all Saturdays during the period from Juno 15 to September 15, 1917, therefore; solved, that the offices of the Federal .ieserve Board be closed at one o'clock p.m. on all c.aturdays fi'om June 15 to September 15, 1917, and that those who can be spared from their desks be excused on those days at the hour indicated, but that no time be allowed for luncheon on-Saturdays during the period stated, that those who are revired to be retained on duty be given compensating time where the business of the Board permits such action. L letter from 2. . Eeyor, President, First ional Bank, Hutchinson, N% ,as, relative to conditions which kept State banks out of the Federal lieserve System, was read and noted. .10.45 a.m. the Oommittce adjo eM-7r-7.,-ecreta
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