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FEDERAL RESERVE BOARD
WASHINGTON
X-3465
July 1, 1922·.
SUBJECT:
S~
Res. 308·.-
Dear Sir:
I transmit herewith copy of a resolution of the
Senate of the United States {S. Res. 308), requesting the ..
Federal Reserve Board to call upon th~ Federal Reserv~
Banks, with the exception of the Federal Reserve Bank of
Atlanta, to furnish to the Senate certain information therein specified.
As this resolution was sent to the Federal
Reserve Board, it ~;vould seem that your .,response, vvhich should
be addressed to the President of the S3nate, should be sent
to the Federal Reserve Board for transmittal to the Senate.
Very truly yours,
Go v e r n o r.
(Enclosure)
GOVEBNORS OF fJ.,L F. R. BANKS EXCEPT ATLi\NTA
COPIES TO .\GENTS.
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COPY
S. RES.· 308.
In the Senate of the United States,
April 20 (calendar day June 30), 1922.
Whereas it has been charged upon the floor of the Senate that each
and every one of the regional Federal reserve banks of the
United States has had printed and.distributed at its own expense a speech delivered in the Senate by Senator Glass, of
Virginia, in which the position of Senator Heflin on the deflation policy of the Federal Reserve Board was assailed and
cri tized: Therefore be ~it
RESOLVED, That th~- Federal Reserve Board is hereby requested to call on all of said Federal reserve banks, except
the Federal Reserve Bank of Atlanta, which has already reported
to the Senate, to 'furnish to tha Senate in '''riting all infonna.tion in their posgession, respectively, called for in the following questions:
(1) Lt whose instance was the speech in question of Senator
Glass sent out 7 (2) At whose expense was said speech printed
and distributed? (3) Ho'N was the fund provided, and how many
copies of said speech were sant out, and how much money was expended in printing and distributing said speech? (4) Did any
member of the Federal Reserve Board suggest tha printing or
distribution of the said speech?
Attest:
(Signed) George A. Sanderson
Secretary.
@FedFRASER