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FEDERAL RESERVE BANK OF NEW YORK (•Circular No. 7691 L March 4, 1927 J To each Bank and Trust Company in the Second Federal Reserve District: Pending the issuance of a new edition of the Federal Reserve Act amended up to date and including the provisions of the McFaddenPepper Bill, we are sending you herewith for your information a copy of the McFadden-Pepper Bill itself as approved by the President on February 25, 1927. We plan to send you a copy of the full Federal Reserve Act, as amended, as soon as the printing is completed. Very truly yours, BENJ. STRONG, Governor.