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0~ f .J--,__, •:.-: t_..' FEDERAL RESERVE BOARD WASHINGTON X-3679 March SUDJECT: 30, 1923. Stenographic Minutas of Conference of May 18, 1920. Dear Sir: I am sendin6 you uneier s3par3.te covar today fifteen copies of Senat:; Document :f,b310, 67th Con 0 rass, 4th Session, beinb st,:mo 0 raphic transcript of 11 Minutes of Conference with the Federal Reserve Board of the Federal Advisory Council and Class A Directors of the Federal R;;serve :Oanl:s, at Viashinuton, D. c., May lS, 1920 11 • Additional copies of tr"is pamphlet may be had upon application to the Governm:mt Printinc., Office, Superintendent of Documents, at five::: cents per copy. 13y order of tn:; F;;dera1 R2s0rv.;; :::ioard. V0ry truly '(ou·. ·s, Vlm. w. Eoxton, Sacr::ltary. TO CHAIRMEN OF ALL F. R. Il.AlJ:CS •