Full text of Mimeograph Letters and Statements of the Board : Letter From Governor, Federal Reserve Board, re Provision of Clayton Anti-trust Act, as to a Director of a National Bank Serving in Same Capacity to Another Bank in Same City, Without Permission of Federal Reserve Board, Number X-568, Volume 6, Page 3050

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Ex -O ff ic io Mem bers

W. P. 6. HARDING, GOVERNOR
PAUL M. WARBURG, VICE GOVERNOR
FREDERIC A. DELANO
ADOLPH C. MILLER
CHARLES S. HAMLIN

WILLIAM 6. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN

JOHN SKELTON WILLIAMS
Co m p t r o l l e r o f t h e c u r r e n c y




F E D E R A L

R E S E R V E

H. PARKER WILLIS. SECRETARY
SHERMAN P. ALLEN. ASST. SECRETARY

B O A R D

AND FISCAL AGENT

X~f03

WASHINGTON

ADDRESS REPLY TO

FEDERAL RESERVE BOARD

Dear Sir:
An examination of the
shows that you are serving as a director of that hank
and at the same time as
of

Under the terms of the Clayton Anti-trust Act no
person who is a director of any national bank shall be
permitted to serve at the same time as director of any
other institution located in the same city of more than
200,000 inhabitants, without first obtaining the permis­
sion of the Federal Reserve Board.
If you desire to continue to serve with these
institutions, it will be necessary for you to file an
application with the Federal Reserve Board for its con­
sent .
Enclosed you will find blank form of application
to be filled out by yj\i and statements to be filled out
by the institutions on which you desire to serve.
It
will also be necessary for those banks to submit copy
of last published report of condition.
When pr»p4rly executed all the papers ih y-.ur
case should be filed with the Federal Reserve Agent at

Respectfully,

Enclosure.

Governor.