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1.7.ay 18, 1923.

LTraT.DULI FOR GOVERNOR CRISSIr

The undersLcned Teeniest that you call a special
!wet in

reserve Board for today,
of the r'ederal

192Z, at 10:;)0 a.m.




ri 'day, Yay 18,

4')

A special meeting of the federal Reserve Pop.rd was held in the office
Of the Federal Reserve -loard on '
, riday, May 18th, at 11:n0 o'clock.
2T3EISE."72:

.aSO:

Governor Crls&nger
Mr. Platt
Mr. Hari in
Mr. Miller
Mr. Junes
Mr. Dawes
7r. HoY,ton, Secretary
r. Wyatt
T -r. "r. q. McAdoo, Lttorney for the rank of Italy
(The latter u.)on invit ,tion of the ,=oarCi.)

, had been called upon t' e written
The Governor stated tht the Treetin,c,
'
r equest of three members of the Bc ard, in accordance with the

.v-laws.

The Governor then submitted to the Board two letters dated May 17th,

rx'om

Mr. McAdoo, petitioning the Federal Reserve "oard to reconsider its action

disapproving the applicat ion of the Bank of Italy to establish branches at
.hlba C ty and Sacramento, California.
.After full discussion of the arguments contained in Mr. McAdoo's
lett

er, the Board adjournec: at 1:15 p.m.

Secret ary.
41pb,
-oved:




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