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4 At a meeting of the Federal Reserve Board held the office of the Tlearl. at 12.15 p. m. Friday, April ., 1915. PRT3ENT: Er. Delano, presiding, Mr. Harding Mr. Williams Ex. Miller Mr. Allen, Assistant 3ecretary. The minutes of the meoting held on Wednesday, April 191 , !ere read and approved. The application of the Pederal Reserve Bank of New York for %)1,000,000 in ten dollar notes and 8O0,000 in one hundred dollar notes, which had previously received the :.:-,proval of the 3ommittee on Issue and Redemption, was arl)roved by the Board and the notes ordered shipped. Favorable action was taken upon the applications of the following banks for surrender of stock, they havinscone into voluntary liquidation: First National Bank jitizens National Bank Hebron, l'ebr. Orleans, Nebr. It was informally agreed that appeals front he de ision of the Reserve Bank Organization Committee asking for changes in districts be made a special order fof the week of :lay 3d. A letter from 1. R. Pancher, Governor of the Fed- 348 oral Reserve Bank of Cleveland, under date of A :11 13. 1915, stating that a purchase of A50,000 of Cleveland, Ohio, warrants had made the total investment of that bank in excess of ten Iler cent of the total deposits of its member banks, was read. Governor Fancher requested authority of the Board to purchase municipal warrants up to ..)2,500,000 and this authority was voted. The Assistant 3ecretary reported that all copy for the Federal Reserve Bulletin, exce:t the article on business conditions, was sent to the Government Printing Office on April 23d. Attention was called to the estimate by the Public Printer, to furnish envelopes and mail 10,000 copies of the Bulletin monthly at a cost of ,)45., and adt.,orization was given to have this 30 done. Attention was called to certain comnent made by Mr.'Wolfe in connection with the suggestions of Governor 3tr0ng for changes in the memorandum prepared by the Federal Reserve Board on the clearing nlan and copies showing the suggestions were distributed to the members present. A letter prepared by Mr. Miller to J2mes B. 20r- gan, President of the Advisory council, asking further information in connection with the resolution of the Federal Reserve Bank of Chicago was approved, and signed by the Vice-Governor. 349 The form orepared by the Secretary's office for Federal Reserve Agents that they might report weekly whether any change was desired in the discount rates of the several Federal reserve banks was approved by the Board and ordered sent out. The action indicated below was taken in connection with applications for trustee powers& Letter to be written to the Federal Reserve Agent at 1,'ansas City stating that the Committee of the Board had reported favorably and action now awaited recommendation of the Federal Reserve Bank of Kansas City, as follows: First National Bank First National Bank Cheyenne, Tyo. Greeley, Colo. Action to be suspended until the receipt of the report of the next examination by the office of the - Comptroller of the Currency, two as follows: Llerchants National Bank Palmetto National Bank rassilon, Ohio. Columbia, 3. C. Action to be suspended, but letters stating the substance of the reports in connection with applying banks made by the office of the Comptroller of the Currency to be sent to Federal Reserve Agents, ten (10) as follows: First National Bank of First National Bank Port Huron, rich. Beattie, Hans. 4 First National Bank Citizens National Bank !Milken National Bank State National Bank American National Bank Lumbormans National Bank First National Bank First National Bank Elwood, Ind. riartinsville, Ind. Decatur, Ill. Bloomington, Ill. Benton Harbor, Lich. Houston, Texas SNayzee, Ind. Denver, Colo. Four applications granted, as follows: First National Bank First National Bank National Bank of Denver National Bank Freeport, Ill. Janesville, 71s. Washington, D. :a. Denver, Colo. At 12.45 p. m. the Board adjourned to meet 11.00 a. m., Yonday, April 26, 1915. 3eeretary.
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