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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




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