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*‘VV' J W. P. G. HARDING, GOVERNOR PAUL M. WARBURG, VICE GOVERNOR FREDERIC A. DELANO ADOLPH C. MILLER CHARLES S. HAMLIN Ex-Officio Members WILLIAM G. McADOO SECRETARY OF THE TREASURY C h a ir m a n JOHN SKELTON WILLIAMS COMPTROLLER OF THE CURRENCY H. PARKER WILLIS, SECRETARY SHERMAN P. ALLEN, ASST. SECRETARY FEDERAL RESERVE BOARD and E P L Y TO W A S H IN G T O N FEDERAL RESERVE BOARD May 12., 1917 * Dear Sir; Referring to my letter of April 2 5 th inclosing uniform plan for the issue of Federal Reserve Exchange Drafts, to become operative on May 2 lst, you are advised that, in view of the vast amount of detail work imposed upon Federal reservebanks in connection with the flotation of the Liberty Loan, the Board has decided that it would be advisable to postpone the date on which this plan is to become effective, to June 1st, 1917* Fis c a l a g e n t Very truly yours, Governor,
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