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Ex-Officio Members W . P. G. H A R D IN « ^ 5 © # E f& O fK PA U L M. WARBURG. VICE GOVERNOR FREDERIC A. DELANO ADOLPH C. M ILLER CHARLES S. HAMLIN W ILLIAM G. McADOO SECRETARY OF THE TREASURY C h a ir m a n JOHN SKELTON W ILLIAM S COMPTROLLER OF THE CURRENCY FEDERAL RESERVE BOARD H . PARKER W ILLIS . SECRETARY SHERMAN P. ALLE N . ASST. SECRETARY and WASHINGTON ADDRESS REPLY TO June 28, 1917 Dear Sir: There is inclosed for your information copy of a resolution adopted by the Federal Reserve Board at its ireeting on June 21, with reference to the sale of United States bonds offered by member banks for the quarter ending June 30, 1917, Very truly yours, Secretary. In c lo s u re F is c a l a g e n t