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W. P. G. HARDING, GoVERNOR ALBERT STRAUSS, VICE GoVERNOR ADOLPH C. MILLER CHARLES S. HAMLIN EX-OFPICIO MEMBERS CARTER GLASS SECRETARY OP' THE TREASURY CIIAIRIIAN JOHN SKELTON WILLIAMS COIIPTROLLER OP' THE CURRENCY FEDERAL RESERVE BOARD J. A. BRODERICK, SECRin'ARY W. T. CHAPMAN, AsSISTANT SECREI'ARY W. M. IMLAY, FISCAL AoENT ADDRESS REPL.Y TO WASHINGTON FEDERAL RESERVE BOARD June 5,1919 .. X-1564 The Federal Reserve Board believes there is need for a better understanding of the business of American corporations engaged principally in foreign banking business, and the conditions under which such corporations must function, in order that the Board may get better light on the subject of the extent to which it would be possible to make uniform the agreements executed by such corporations with the Board in order to make their stock eligible for investment by National banks. Accordingly you are invited to have a representative of your company present at a conference with the Federal Reserve Board, to be held at ten a.m. Wednesdq • June 18th, in the Assembly Room of the Federal Reserve BCE.rd on the Seventh Floor of the National Metropolitan Bank Building, washington. It will be the chief purpose of the conference to determine whether or not it is necessary or desirable to make further modifications in the e•isting agreements with foreign banking corporations, and the Board would be glad to have your representative come prepared to give to the Board the benefit of your views. '1'he Board is very desirous of imposing upon the corporations only such conditions as will best enable them to conduct their operations and develop their business along sound banking lihes. Very truly you.rs; Governor. Letter sent to selected list of batiks. engaged in foreign banking
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