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Ex *Officio Members WILLIAM W. P. G. HARMINGs -G p V E R N O R PAUL M. W A W iH J J W jp V i c e G O V E R N O R FREDERIC A. DELANO ADOLPH C. MILLER CHARLES S . HAMLIN G . M cAD O O SECRETAR Y OF THE TREASURY Chairman JOHN SKELTON WILLIAMS CO M P TR O LLER O F TH E C U R R E N C Y FEDERAL RESERVE BOARD H. PARKER WILLIS, S E C R E T A R Y SHERMAN P. ALLEN. A S S T . S E C R E T A R Y A N D F IS C A L A G E N T W A S H IN G T O N ADDRES8 REPLY TO F E D E R A L RESERVE B O A R D May 1 8 , 1917 * Dear Sir: Request has been made by some Federal reserve agents for regular information regarding the important matters which are now pending in Congress and at the Treasury Department in which Federal reserve banks are directly interested. In re sponse to this demand, I have been instructed by the Federal Reserve Board to transmit to you daily, or as often as needful, copies of statements issued here and other matters in which you are likely to be interested and information concerning the pro gress of legislation in Congress whenever definite information can be had sufficiently early to warrant us in sending it by mail. In accordance with this plan I hand you herewith: 1 . Copies of the amendments to the Federal Reserve Act as pending in the House and Senate. These bills, as you are aware, have been passed by the respective Houses with minor changes, and the Conference Committee is now at work in an en deavor to harmonize them. Further meetings of the Conference Committee have been deferred until Monday next. The so-called Hardwick Amendment, relating to collection charges, is an im portant topic of consideration at the conference, and many tele grams protesting against its incorporation into the final legis lation are now being received by the conferees. 2 . Copies of statements issued by the Treasury Department or by the Director of Publicity for the Liberty Loan during the past two days. 3 * An outline of topics discussed at the conference of rep resentatives of Federal reserve banks called for consideration of the details of the new loan which assembled in the Board Room on Thursday, May 17. If there are points upon which you wish to be advised we shall be glad to receive suggestions and so far as practicable will encorporate information regarding such points in the next succeeding letter of information. Enclosure Very truly yours, Secretary.
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