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Ex-Officio Members W . P. G. HARDING, GOVERNOR PAU L M. WARBURG, VICE GOVERNOR FREDERIC A. DELANO ADOLPH C. M ILLER CHARLES S. HAM LIN W ILLIAM G. McADOO SECRETARY OF THE TREASURY CHAIRMAN JOHN SKELTON W ILLIAM S COMPTROLLER OF THE CURRENCY FEDERAL RESERVE BOARD H. PARKER W ILLIS , SECRETARY SHERMAN P. ALLE N , ASST. SECRETARY a n d f is c a l a o e n t WASHINGTON TO FEDERAL RESERVE BOARD July 27, 1917. Dear Mr. Under authority of the Federal Reserve Act as amended on June 21, 1917, "Subject to the approval of the Federal Reserve Board, the Federal reserve agent shall appoint one or more assist ants. Such assistants, whc shall he persons of tested banking experience, shall assist the Federal reserve agent in the perform ance of his duties and shall also 'have power to act in his name and stead during his absence or disability." There is inclosed a signature card, which you will please have your assistant sign and return. This signature should be cer tified by you. In case you are to be absent at any time, you are requested to advise the Board in advance of such absence, so that the Board may be advised of the authority of the Assistant Federal Reserve Agent to sign Gold Settlement Fund telegrams. He should sign as indicated below:. "R, L. Austin, Federal Reserve Agent, By____________________ Assistant Federal reserve agent." For your information, the Board has held that assistants may also sign,as above indicated, in the absence of the Federal re serve agent, reports and other coranunications usually sent to the Federal Reserve Board by the agent. Very truly yours, Governor