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Jt a meeting of the 1,xecutive Committee of the iederal Reserve 9oard held in the office of the Board at 3:15 P.E., on Friday, June 21st; PRESENT: Er. Harding, presidin6o, Er. Miller, Er. Warburg, Mr. Allis, Secretary. Er. Harding laid before the Committee the question of adopting resolutions stating the position of the Board re guaranty of bank deposits. nish Eemoranda designed to fur- basis for a form of report were read and discssed. The question of the purchase of a site for the Federal Reserve Bank of Boston was presented, and a telegram from Governor Lorsa was referred to the Boston Committee. On motion, at 4:15 PIE., the Committee &djourned. A2PROnD: Secretary, Chairman.