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At a meeting of the Executive Committee of the
Federal aeserve Board held in the office of the Governor
of the Bourd on liaturday, Lay 12, at 10.15 a.m.,
PaLSE:?:
Governor Harding, presiding,

1,1r. Delano,
.,ssistant
secretary.

ar. .;arburg,

There was discussion of the amendments to the
Federal Reserve itct as agreed by the Senate and Tiouse,
f., nd the steps to be taken by the Board in connection

LI

ith

the conference between the two Houses.
On motion of

Delano, the time for patting into

effect the proposed exchange drafts between Federal Reserve
Banks was extended from ::ay 21 to Jane 1.
4,t 10.5J a.m. the meeting adjourned.

Secretary.

/dTAOVLD:




Chairman.