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FEDERAL RESERVE BANK OF CHICAGO
DISTRICT No. 7

Chicago, Illinois, November 6th, 1914.
TO MEMBER BANRS OF DISTRICT NUMBER SEVEN: It is the desire of the Board of Directors that you be
advised of the progress made in the matter o= organizing the Federal
Reserve Bank of Chicago. The folloHing named officers have been
chosen:James B. McDougal, Governor,
Charles R. McKay, Deputy Governor,
Bentley G. Mccloud, Cashier,
Walter F. McLallen, Secretary,
James B. Forgan, Member of Advisory Council.
The Bank has leased for its permanent quarters the second
and third floors of the Rector Building, corner of Clark and Monroe
Streets, where it will be prepared to open for business on November
s i~:teenth.
The first payment on account of capital stock subscriptions
c~lled for November second is practically completed.
We take this occasion of calling your attention to the
payment of -the first installment of reserves, and trust you will be
prepared to compl1 with the request contained in the enclosed notice.
Very respectfully,
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https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

J.AHES B. McDOUGAL

Governor.

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