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At a special meeting of the Federal Reserve Loard helo in the office of the Governor on Saturday, February, 16, 118, 3:30 P. M., PRESENT: Mr. Hardin, presiding, Mr. Hamlin, Mr. Warburg, Mr. Miller, Mr. Delano, Mr. Willis, Secretary. On recommendptiol of Committee No. 2 it war, on motion, voted that the Gunrnnty Bank t Trust Co., of Memphis, Tenn., be admitted to the Feder,11 Aeservc System, upon condition& named by the Committee. On motion, at 3:45 P. M., the Board adjourned. A;JROWD: Secret-lry. ChFlirman