Full text of Mimeograph Letters and Statements of the Board : Letter From Secretary, Federal Reserve Board, June 15, 1917, Enc. Copy of Decision of Supreme Court of U. S. in Case of Bank vs. Fellows; Also Statements Issued by Treasury Dept. re Liberty Loan, Number X-213, Volume 5, Page 2511

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Ex-Officio Members

W. P. G. HARDING, GOVERNOR
PAUL M. WARBURG, VICE GOVERNOR
FREDERIC A. DELANO
ADOLPH C. MILLER
CHARLES S. HAMLIN

WILLIAM 6. McADOO
SECRETARY OF THE TREASURY
C h a ir m a n

JOHN SKELTON WILLIAMS#
COMPTROLLER OF THE CURRENCY

FEDERAL RESERVE BOARD

H. PARKER WILLIS, SECRETARY
SHERMAN P. ALLEN, ASST. SECRETARY
and

WASHINGTON

Fis c a l A g e n t

A D D R E SS R E P L Y TO

X 2l<
E^>ERAL RESERVEBOARD

June 15, 19^7*

Dear Sir:
I inclose heTewith copy of decision of the Supreme
Court of the United States in the case of Bank v- Fellows;
also statements issued by the Treasury Department, chiefly
with reference to the "Liberty Loan."
Discussion of the Conference Report on the Amend­
ments to the Federal Reserve Act will begin in the Senate
within a day or two.
Very truly yours,

Secretary.

Inclosures