The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
3 4 At a meeting of the Federal Reserve Board held in the office of the Governor on Friday, Yovember 24, 1916, at 4 TD. L. PRESENT: Governor Harding, presiding, Jr. Miller, r. :;arburg, r. Delano, Mr. Hamlin, :r. 7i11is, 3ecretary. Mr. Harding presented a letter from Governor Fancher of Cleveland with reference to the Toledo warrants held by that Bank, informing the Board that the Bank had waived no rights thLt it might have with reference to the mrrants. Mr. Harding re-read a letter addressed to all Federal Reserve agents setting forth the result of the recent deliberations of the Advisory Council, already authorized at the morning meeting, and it was agreed that the letter be transmitted with the amendments incorporated into it by the Governor since the morning meeting. On motion, the action o-e the Executive Committee in ordering the release of !,t40.),000 in Federal Reserve notes froa the aub-treasury at an Francisco, in accordance with the request of the Deputy FederL1 Reserve agent at 1188 that point, was ratified. On motion, a rate of 30 on trade accaptances, effective November 2bth, established by the Federal Reserve Bank of Chisat;o, approved. Mr. Hamlin moved to revise the weekly statement of condition of Federal Reserve banks, issuing it in a form which he submitted. The matter was referred to the Committee on Reports and Statistics for report to the Board. On motion at 4:45 P. Y. the Board adjourned. 4 (1/441.-afi-rth-61 3ecrotary.
@FedFRASER