Full text of Mimeograph Letters and Statements of the Board : Statement for the Press re First Above, Number 562, Volume 3, Page 874

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874

562.

STATEMENT FOR THE PRESS.

February 29, 1916.

The Federal Reserve Board today voted to grant the appeal
of certain Connecticut bankers for the transfer of territory
west of the Connecticut River from District No. 1 to District
No. 2, in so far as relates to the banks situated in Fairfield
County,, adjoining New York State.

Action as affecting the

balance of the territory covered by the petition was suspended,
a majority of the Board not being as yet ready to dispose defin­
nately of the appeal, pending more complete development of the
clearing system.

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