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rve Board, called by the Governor, A Special Meeting of the Federal Rese 29th, at 12:20 P.M. was held in the Board Room on Friday, June FRaSEY2: Governor Crissinger Mr. Platt Mr. Hamlin Mr. James Mr. Cunningham Hoxton, Secretary June 22nd, whereby Regulation 2he Board discussed the action of Hp, "6" addition of two paragraphs numbered Series of 1920, was amended by the on June 26th, whereby a circular and "7", and the action of the Board taken the Governors of the Federal Reserve letter announcing these amendments to of the Press Report which the banks was approved, with advice of the text Board contemplated to give out. nsider the action Upon motion, it was voted to reco and Paragraph "7" in the taken at the two said meetings amended to read as follows: amendment adopted June 26th was bank receives on deposit "(7) Wh.enevera Federal Reserve by, endorsed by or emanating or for collection a check drawn refuses to remit ot par in acfrom any non-member bank which charge, for the service of ceptable funds, it shall make a exceed one tenth of one per cent." collecting such check, not to letter on the sub2hereupon, upon motion, the circular "J", Series of 1920, was modiject of Amendment to Regulation wes requested to cause the fied and adopted and the Governor er to the Governors of all transmittal of the said circular lett out to the Press the Press Federal Reserve banks and to give circular, at the earliest StAtement incorporated in the said possible moment. The meeting adjourned at one o'clock. Secretary.
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