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STATEMENT FOR THE PRESS.

The Federal Advisory Council today convened for its
usual stated meeting, as required by law.

A conference with the

Federal Reserve Board was held at 11 o'clock, a ll members of the
Council, with the exception of Mr. Record of Texas, being present.
In accordance with custom. Governor Harding briefly addressed the
Council, laying before it

certain matters relating to the operation

of the Federal Reserve System.
w ill be held on Tuesday,
ยป

November 19, 1917.




It is expected that further sessions