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A meeting of the Federal Reserve Board was held in the office of the Federal Reserve Board on Tuesday, November 17, 1931, at 11:30 a. PRESENT: in. Governor Meyer Mr. Hamlin Mr. Miller Mr. Xames Mr. Magee Mr. florrill, Secretary Mr. MCClelland, Assistant Secretary Mr. Harrison, Assistant to the Governor. Reference was made to the Fall Conferences of Governors and Federal Reserve -';-Cents which were originally scheduled to be held on October 19, but indefinitely postponed. It was the consensus that meetings of the °°nference of Governors and the Open Market Policy Conference should be held, beginning November 30, but that the Conference of Federal Reserve 4ellts should not be called because of the general feeling which prevails that in the present circumstances it would be preferable not to have both CllairmaJa and Governor leave their posts at the same time. Consideration was then given to the publication of the report subQtted recently by the Committee on Bank Reserves of the Federal Reserve SYstam. It was voted to authorize the Committee to arrange for the printing Of the report and its distribution among the member banks of the Federal Rese-‘vu System and others interested in the subject. The Committee was intileted, however, to incorporate in the printed report a foreword that the permission of the Federal Reserve Board, and pending consideration thereof by the Board and the Federal Reserve banks, the accompanying report Or the commit tee on Bank Reserves of the Federal Reserve System is being '1113118hed for the information of the member banks of the System and others 14terested in the subject." The Committee was also authorized to release its report, together 381 11/17/31 -2- 11?Ith a Press sunmary thereof, to the newspapers coincident with the mailing f the report to member banks. The meeting adjourned at 11:55 a. m. 4Proved
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