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000 IN.t,fiu#' at a meeting of the Lxecative Committee held in the office of the Governor on Thursday, Lairoh 22, at 5.15 p. m., PRESENT: Governor Harding, Mr. Warburg, Secretary. The 'secretary of the Board statedthat data had been received from the Treasury Department with respect to mcmber bank bond offerings for thesivarter, and that he ILid obt.ined from the several Federal reserve banks statements as to their open market purchtises of circulation bonds. He presented a sttement showing the allotment of bonds to Federal reserve banks as follows: AMOUNTS AND PERCENTAGES OF PAID-IN CAPITAL 0? ALL FEDERAL RESERVE BANKS EXCEPT SAN FRAYGISCO* ALSO PROPORTIONS 02 TOTAL OFFERINGS OF •10,677500 ALLOTTABLE TO EACH 0? THE ELEVEN BAN.n. Amount allotPaid-in Per cent of able to each Bank capital Total paid-in Federal Reserve ' ,larch 16, 1917. Bank. Capital. .„ 5,066,000 Boston New York 11,880,000 Philadelphia 5,260,000 Cleveland 6,089,000 Richmond 3,405,000 Atlanta 2,416,000 Chicago 6,999,000 St. Louis 2,795,000 linneapolis 2,413,000 Kansas City 3,089,000 Dallas 2,698,000 Tot]. (*) N 52,114,000 9.7246 22.7962 10.0933 11.6640 6,5336 4.6396 13.4302 5.3632 4.6002 5.9274 5.1771 ,ii 1,057,800 2,479,700 1,097,900 1,270,000 710,700 504,700 1,460,900 563,400 503,600 644,600 563,100 100.0000 410,877,500 San Francisco having purchased in open market up to March 21st a total of ?1,795,000, has exceeded its quota of the entire year's allotment and has, therefore, been leh out of the above calculation.. On motion the foregoing allotment was adopted and the Secretary directed to telegraph the total allotment assigned to each bank to such bunk. On motion, at 5.20 p.m. the Committee adjourned. ;OPT:RED: hairman. Secretary.-7 17 -
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