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W . P. G. HARDING. GOVERNOR PAUL M. WARBURG. VICE GOVERNOR FREDERIC A. DELANO ADOLPH C. M ILLER CHARLES S. HAMLIN Ex -O ffic io Mem bers W ILLIAM G. MCADOC SECRETARY OF THE TREASURY Ch a ir m a n JOHN SKELTON W ILLIAM S COMPTROLLER OF THE CURRENCY FEDERAL RESERVE BOARD WASHINGTON *688 H .P A R K E R SECRETARY SHERMAN P. ALLE N . ASST. SECRETARY AND FISCAL AGENT ADDRESS R E P L Y TO FEDERAL RESERVE BOARD June 6, 1916. Dear Sir: At the meeting of the Federal Reserve Board on June third., 1916, the question of a re-hearing of the Connecticut bankers was discussed and I am in structed to inform you that, while the Board is will ing to give the Connecticut hankers another hearing in the month of June if they should so desire, the Board prefers to postpone such hearing add definite action until after the summer months. A new clearing plan is about to be put into operation and the Board has been assured by those in charge of the Boston Federal Reserve Bank that every effort will be made, by making special arrangements between Boston and New York, to satisfy the conveni ence of the Connecticut banks * Under the circumstances the Board would pre fer to see the results of operation of the new clearing plan before giving a further hearing, but, as stated above, in case the Connecticut banks should wish to be heard at this time in spite of the information above given, the Board will be pleased to fix the date. Yours truly. Governor.
@FedFRASER