Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Minutes, January 25, 1915, 11:00 AM, Volume 2, Part 1

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

59

At a regular meeting of the Federal Reserve
BoardJield in the office of the Board at 11.00 a. m.,
Monday, January 25,
PRESENT:
Mr. Hamlin, presiding,

Mr. Harding

Mr. Ddlano

Er. Miller

Er. Warburg

Mr. Willis, Secretary.

The minutes of the 20th and 23d instant were read
and approved.
An informal discussion of general conditions relating to the welfare of the Reserve system and the principles
upon which rates of discount should be established, followed.
On motion, it was voted that the recent informal
conference held with the Governors and officers of Reserve
banks, as well as those of the past and any that might be
held in the future, should be regarded as conferences and
that accounts of them be separated from the regular minutes
of the Board and placed in an independent minute book.
On motion, at 12.45 p. in. the Board adjourned.

Secretarir.
APPROVED:




Chairman.