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200 Upon call of the Governor a special meeting of the Federal deserve 80ard was held in the office of the Federal deserve Board on Saturday, Ilaroh 3, 1928 at 11:30 a.m. PRESENT: Governor Young Er. Platt LIr. Hamlin Mr. Cunningham Mr. McIntosh Mr. McClelland, Asst. Secretary The Governor presented a letter dated March 2nd from the Chairman of the Cftmittee on Banking and Currency of the Senate which is conducting hear; 41gs on Senate iesolution 4113, introduced by Senator LaFollette, based the alleged excessive use of Federal deserve credit in the making of -"lve loans; the Chairman stating that the Committee will be pleased to representatives, ' 4r the Governor or anY other members of the Board or its atth o1TUm1ttee room on ednesday, March 7th at 11:00 o'clock. After discussion, the Governor was requested to reply to the above letter that the Board will be represented before the Committee at the time mentioned. Or The Governor also presented a letter dated March 2nd from the Chairman the rt -ommittee on Banking and Currency of the Senate, advising that the 1117eStivA4-4 Of the administration of the Federal deserve Bank of Dallas, d by clireoteSenate Resolution #152, introduced by Senator Mayfield, will coil, be "Iloted by a sub-committee consisting of Senators Glass, Sackett and teiwe adjourned Dr,r011 t 12:00 o'cyock noon (06wa Governor( 1,il ffA Assistant Secretary.
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