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801

W. P. 0 . HARDING. GOVERNOR
ALBERT STRAUSS. VICE GOVERNOR

EX OFFICIO MEMBERS
CARTER GLASS
SECRETARY OF THE TREASURY
CHAIRMAN

FEDERAL RESERVE BOARD

JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
ADDRESS REPLY TO

WASHINGTON

FEDERAL RESERVE BOARD

ADOLPH C. MILLER
CHARLES S . HAMLIN
HENRY A. MOEHLENPAH
W. T. CHAPMAN, SECRETARY
R. G . EMERSON. ASSISTANT SECRETARY
W. M. IMLAY, FISCAL AGENT

Nove mber 19,1919*
X-172S

Subject:

Member Banks Subject to Provisions
of Clayton Act.

Dear Sir
At a meeting of the Federal Reserve Board
y e s t e r d a y , I was requested to ask the Federal Reserve
Agents t o submit a l i s t of member banks i n t h e i r r e spective d i s t r i c t s which are s u b j e c t to the p r o v i s i o n s
of the Clayton Act, f o r which j o i n t d i r e c t o r s h i p s haye
h i t h e r t o been authorized aid which may, owing t o chrjtnged
c o n d i t i o n s or a change i n the c h a r a c t e r of thcj.r b u s i n e s s ,
now be regarded as competing i n s t i t u t i o n s .
The Board d e s i r e s to have, n o t l a t e r than
December 10th, a l i s t of member banks i n your d i s t r i c t ,
j o i n t d i r e c t o r s h i p s i n which might be re&ardea as of
doubtful l e g a l i t y .
Very t r u l y yours

governor.

L e t t e r t o Chairmen of a l l F.R. Banks.