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1_87

X-1131.

Release for afternoon
papers of August 16. 1916.

STAT~

I

FOR THcl PBBSS

The Foder'll RGserve Bo'"trd h'ls ruled th<1.t it does· not
a~:)prove

for

gener~l

use forn of trade a.ccept."Jllce which contains

condition tha.t any discount will be. allowed if pe..yr.1ent is nade
before

:!l.<:~.turity.

Ef'foctive J..ugust 16, 11r. John .b.. Will, auditor of the
Federal Reserve Banlt of St. Louis, :'llld I.Ir.

w. w.

Paddock. ex,':lliliner

of the Federal Reserve Bank of .:Phil'l.delphia, h.-'l.ve been appointed

Federal Reserve




~~~iners.