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Upon call .of the Governor, a anecial meet inc; of tho 12xecutive -COmMitte0 Of the Federal :leserve Board was held in the ()Moe of the Governor on Thursday, August 7, 1924 at 2:20 p.m. IIII&SMIT: n2= 2_L3O: Governor Criss inger :Ix, Platt . ssistant Secretary Noah, 1, Mr. Mier The Governor stated that he had been advised by the Governorof the Federal Reserve Bank of Yew York that the Executive Committee of that bank had voted, pursuant to authority vested in it by the Board of Directors, to reduce the rediscount rate of the bank from to on all classes of paper of all mLturities, effective from the opening of business the day followin api)roval by the Federal Reserve Board. Upon motion, it was voted, under authority 6 ,runtod the Lecutive Committee on Lua.ust 2nd, for the to alrove a rediscount rate of 2oderal Reserve Bank of New York, effective tomorrow. Tho meeting adjourned at 2:3 Assistant Secretary
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