Full text of Mimeograph Letters and Statements of the Board : Letter From Governor to Govs., Federal Reserve Banks, June 17, 1918, re Daily Clearings Through Gold Settlement Fund; and Enclosing X-988, Number X-1011, Volume 7, Page 653

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W, P. G. HARDING, GOYJIKOR
PAUL II. WAR8URG, YICIJ GOYIJINOI
FRIDERIC A. DELANO
ADOLPH C. MILLER
CHARLES S. HAMLIN

I:X~OPP'IClO M&M BIIJt8

WILLIAM G. MCADOO
SECRITARY OF THI TREASURY
CHAIRMAN

JOHN SKELTON WILLIAMS

H, PARKER WILLIS, SICRI!TARY
SHERMAN P. ALLEN, ASST. SICRITARY
AND FISCAL AQIJriT

FEDERAL RESERVE BOARD

COMPTROLLER OF THE CURIIIENCY

ADDRIISS REPLY TO

WASHINGTON

FEDERAL. RESERVE BOARD

June 17, 1918.

Dear

Sir:
Now

that-we }jlaie private telegraph wires:,

the Board has decided to have daily instead of weekly
clearings through the Gold Settlement Fund, and the plan
outlined in memorandum

.X~9-88

enclosed. herewith has been

adopted, subject, of courlife, to such modifications as
actual experience may prove to be necessary.
The new plan will become effective as of
Monday, July late
Very truly yours,

Governor.
Governor,
Federal Reserve Bank •

(Enclosure).

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x-1011