Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Minutes, March 8, 1916, 11:30, AM, Volume 3, Part 1

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At a special conference held in the
Office of the Federal Reserve Board at 11:30
a. in., on Wednesday, Larch 8,
PRESIZT:
Mr. Hamlin, presiding

Mr. Harding

Mr. Delano

Mr. Miller

Mr. Willis, Secretary
Mr. Harrison, Assistant Counsel.
PRENT,ALSO:
Mr. Jay, New York

Mr. Rowe, Jr.

Mr. Hendricks, New York Mr. Davis, First
National Bank,
Cincinnati.
Mr. McKay, Chicago
By appointment the meeting was devoted
to the explanation of a plan for clearing checks
at Federal reserve banks offered by Mr. W. S.
Rowe, Jr., and discussion and criticism thereof

by others present.
On motion at 1:30 p. m., the conference
adjourned to meet at 3:00 p. m., this day.

A.P.PROVED:




Chairman.