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X-542.

November 3Q, 1917,

MEMORANDUM FOR THE EMPLOYEES
OF THE FEDERAL RESERVE BOARD:

The Federal Reserve Board will not grant leave to
employees during the month of December except under unusual,
and fully explained conditions.

The attention of employees

was called to the fact that the Board desired leave to be
taken in other months than December in connection with the
granting of annual leave early in the sunrner.

Chiefs of

Divisions and heads of offices will please call this to
the attention of those associated with them, and refer all
requests for leave to the Secretary’s Office.




H. PARKER WILLIS.
Secretary.