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At a meeting of the Executive )ammittee of the
Federal Aeserve Board held in the office of the Board
on Wednesday, 'March 7, at 12.55 p.m.,
PaESENT:
jr. Harding,

Mr. Delano,

Mr. darburg,

Mr. Willis, Secretary.

Present also Mr. M. O. Elliott, Jounsel to the
Board.
Governor Harding stated to Mr. Elliott the view
of the Solicitor General of the United States relative
to the number of counsel to appear at the hearing before
the Supreme Court in regard to fiduciary powers of national
banks.

r. Elliott Stated that he had already had confer-

ences with the Solicitor General on the subject, and that
the matter had been satisfactorily adjusted.

He had re-

quested the Solicitor General to leave him, Mx. Elliott,
out of account in the matter.

Governor Harding directed

Counsel to prepare an official letter to the Solicitor
General covering this matter, and further directed that the
proof of the brief to be submitted should be distributed to
those members of the Board who are interested.




On motion at 1 p.m. the :ommittee adjourned.