The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
34•4! At a regular meeting of the Federal Reserve Board held in the office of the Board on Saturday, November 14th at 11:00 a. m. PRESENT: Mr. Hamlin Mr. Warburg Ur. Delano Ur. Harding 1:r. Williams Ur. Miller. The Governor of the Board presided and Er. H. P. Willis acted as secretary to tne meeting. The question of fixing a rate of discount for Federal Reserve Banks was taken up, and after discussion it was voted, on motion, that the action of tne preceding day be reconsidered as respects Richmond and St. Louis and that these two institutions be given a flat 6c," rate of discount. On motion it was voted to reconsider the action of the preceding day regarding tne shipment of currency by registered mail. On motion it was voted to give to the press a statement respecting the decision arrived at regarding the discount rate. The form of statement determined on was read and approved by the Board. On motion it was voted that the substance of this statement be telegraphed to all federal reserve agents. On motion the Ohairman named a committee consisting of 343 the Comptroller, Mr. Delano and Mr. Taller to consider the _question of shipping currency, determining the amount and making proper arrangements therefor. On motion it was voted that the Governor of the Board and two members be named as a cornittect, to consider with the Comptroller the question of bank examinations. TO Governor of the Board named, in addition to himself, Mr. Harding and. Mr. 'Delano for this purpose. On motion it was voted that the Governor act as a committee to consult with the Secretary of the Treasury and arrange to nave the Federal reserve banks transmit to member banks notices regarding the readjustment of reserves. A communication from Federal Reserve Agent Curtiss respecting the by-laws of the Federal Reserve Bank of Boston was ordered answered with the statement that tne by-laws become effective when adopted by the Board of Directors of the Bank. It was ordered t at a similar notice be sent to all Federal reserve agents. On motion at 1:00 p. m. the Board adjourned to moot at 4:00 p. APPROVED: Chairman.
@FedFRASER