The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
i To: Juno 23, 1937 Board of Governors From: Mr« Goldonweis Subject: The immediate gold problem There is attached for your consideration a memorandum on desterilization and reserves on foreign deposits which attempts to present the highlights of the problem as it appears today. There is also attached a copy of a draft of a bill to give the Board authority to increase reserve requirements on foreign deposits and to require that foreign central banks and governments hold their American balances with the c Federal Reserve banks, a draft of a resolution for the Board1s consideration at the mooting on Juno 24, and a memorandum containing a tontative statement of reasons for the proposod resolution. All this material has boon prepared by the staff for the Board's consideration and has not been approved by any member of the Board. c
@FedFRASER