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373 W. P. G. HARDING, GoYlR"OI ALai IT ITIAU&a, YICl GOVIRNO' EX OPI'ICIO MI!MBIIU DAVID P. HOUSTON SECRITARY OF THE TREASURY CHAIRIU.M FEDERAL RESERVE BOARD JOHN SKELTON WILLIAMS COMPTROLLER OF THI CURRENCY ADDRESS REPI..Y TO FEDERAL RESERVE BOARD WASHINGTON ADOLPH C. Ill LLII CHABLIS S.IIAIILIN l!ENRY A.liOEHLENPAH W. T. CHAPMAN, IICRITAiY lt. G. EMERSON,,AISISTANT S.ICRITAJY W, M,IMLA'r, F!JCAL AflliT April 17,1920 X-1907 Subject: Conference •rlth Comnittees of Federal Reserve Batik Directors. Dear Sir:The Federal Advisory Council will hold its next meeting on Monday, May 17th. The Board wishes to have a conference on the following day with comr.1ittees of directors of the Federal. Reserve Banks. It is not advisable to ask all directors to come, one reason being that it is imoortant nqt to interfere 1~ith the routine operations of the Reserve Banks, and the Board therefore aSks that each batik designate three directors to attend the conference, which will open at 10:30 A.M. on Tuesday, May 18th, in the Board's Assembly Room in the Metr~olitan Batik Building. The tOpics which will be discussed will relate to the credit situation and the Boaru is anxious to exchange views with those directors who represent the institutions which not only borrow from the Federal Reserve Banks but which also make loans to the public. It is desirable therefore, that the three directors chosen to represent your barik at this cOnference be the Class A directors. As soon as the selection is maU.e you are request.sd to notify the directors designated and extend them an invitation on behalf of the Federal Reserve Board to be present at the confere~ce. The Board will approve payment by the Feueral Reserve Batiks of all necessary traveling expenses. Very truly yours, Governor. To Chairmen of all F .R. Banks.
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