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At a meeting of the Executive Committee of the
Federal

eserve Board held in the office of the Governor

on Monday, September 10, 1917, at 12.55 a.m.,
PdESENT:
Governor Harding, presiding,

Mr. Allen, Assistant
Secretary.

Mr. Delano,
Governor Harding presented a telegram from the
Federal Reserve Agent at Philadelphia, requesting the
deposit of ',1,000,000 in Federal deserve notes with the
Treasurer of the United States will immediately issue a
credit of 41,000,000 in the Gold Settlement Fund to the
Federal iteserve Bank of Philadelphia.

On motion of hr.

Delano the contemplated action was approved and directed
to be taken.
At one p.m. the Committee adjourned.
APPROVED:
Secretary.
Chairman.