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At a meeting of the Bxecutive Committee of the Federal heserve Board held in the office of the Governor on Thursday, March 26, 191.6, at twelve noon, PhLUENT: Mr. Harding, presidinL;, Mr. HamIin, Mr. Warburg, Mr. Willis, 6ecretary. Mr. Hardint; read a letter fram ?resident Hinsch of the American Bankers Association asking the Board's opinion with respect to th ment of a Federal Reserve foreign bank. establishThe matter was referred, to Mrs Harding for reply. On motion, it was ordered that Frank Killingsworth, chief messenger, be transferred to tne Capital Issues Committee, it being understood that no is to remain with the Committee so long as the emoensls of the Committee are paid by the Board, and it being further understood that thereafter he will c..ntinue in tact employ o: the Capital Issues Committee on tne net; basis provided by law. The ',,ecretar;,- was directed to secure the services of a new messenger in his place. A letter addressed to the draft authorities, at Alexandria, asking that Lewis Livingstene, file clerk of the Capital Issues Committee, be given deferred classification for three months, was approved for signature by the Governor. On motion, it was voted that the assistant file clerk of the Board be assigned to the service of the Capital Issues Committee until Saturday evening. On motion, at 12:15 P. M., the Committee adjourned. APPROVED: Chairman
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