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137 A. meeting of the Executive Committee of the Federal Jeserve Board was held in the office of the Federal"eserve. Board on Thursday, September . 1, 1927 at 2:30 p.m. Governor Crissins'er 12.r. James r. Cunnim;ham r. L:cIntosh jr. :eon, Asst. Secretary, The Governor stated that he had called the meeting for the purpose Of reporting a telephone conversation with the Chairman of the board of directors of the Federal 4eserve 3ank of Chicago duriny, which the chairadvised that it would be impossible to arrange for a meting of his directors this week for the purpose of considering the action of the Board's Executive Committee on Au -mst 30th in voting not to approve action taken by the ,;hica,o directors at their last meeting in votin to continue the bank's present rediscount rate of 4 percent. .fter discussion, the Governor was directed to advise the Chairman of the Chicago bank that a meeting of the ;All be held on Tuesday, September Federal lieserve will be given to the consiieration 6th at which time conversation reported telephone subject matter of the by the Governor. 2he meeting adjourned at 3:00 o'clock p.m.
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