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U1 At a special meeting of the Federal Reserve Board held in the office of the Board at 11:00 a. m., on Tuesday, November 10, 1914 PRESENT: Hr. Hamlin 11.r. Harding Mr. Warburg Mr. Miller. The Governor of the Board presided and 1:r. H. P. llhis acted as Secretary to the meeting. 1:r. Harding recommended the adoption of a suggested form of draft to be used b on Federal reserve banks. member banks in drawing On motion, the form suggested was adopted. Kardin, as Chairman of the Committee on Forms and Jeserves, to which was referred the question of two proposed forms relating to stock subscriptions to be used by member banks, reDorted in favor of approving the said forms. On motion, such approval was voted. 'The Secretary of the Board was directed to telegraph to Govern() * Strong of the Federal Reserve Bank of New York,, informing him of the issuance of the notice regarding change in reserve requirements. 31 The Secretary of the Board submitted letters of inquiry with regard to sunested by-laws. On motion, it was voted that these be referred to Jounsel for examination. The further consideration of ti,e memorandum on commercial paper was referred to hr. Harding and Mr. Warburg, with power to make such further revision as might be needed, and to transmit the appropriate circular and regulations in sufficient number for distribution. The Secretary of the Board was instructed to follow the same typographical form in regulations as in circulars of the Board. An invitation from the Pennsylvania Jociety of Hew York to attend their banquet was submitted to the Board and it was informally agreed that, so far as possible, tae Board would avoid public speaking until the new banks were under way. On motion, the Board adjourned to meet at 400 APPROVED: 1).
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