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Authorized for public release by the FOMC Secretariat on 3/17/2020 MAY9 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON May 9, 1963. CONFIDENTIAL (FR) TO: Federal Open Market Committee FROM: Mr. Kenyon In a telephone conversation on May 8 between Mr. Coombs and Mr. Roy Bridge, Deputy Chief Cashier, Bank of England, Mr. Bridge said that the 1/32 per cent commission charged by the Bank of England to purchase commercial bills (as mentioned in the letter from Mr. L. A. Whittome to Mr. Coombs dated May 2, 1963, which has previously been distributed to the Committee) would be waived for the Federal Reserve on a reciprocal basis. Kenneth A. Kenyon, Assistant Secretary, Federal Open Market Committee. 1983
@FedFRASER