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67: ni7s,' At a rezular meeting of the Federal i'eeerve hoard held in the office of the Governor on Weunesuuy, SeptuLber 19, 1917, ut 11 A. Y. Prent: Gcvernor iareing, presiding. Mr. Herelin. Mr. Warburg. /.1r. Tilliams. 14r. Delano. 1,r. Willis, Secretary. The minutes of the reeetings of the Boar held on Sep- „ -rd September 18, afternoon, were read, tember 18, mornirq and on metier approved. , The minutes of the meeting of the Executive Cot: 11,- ee cf the Boar,: hoid on September 17 were read anu c, motion approved une the action therein sot forth rat.:.fieu. The Secreter:, of trio ecare presentee Ilia zin,:tos of the meeting with the-Auviecry Council, salon were, on motion, ref r - to Delano. mr. Hamlin retorted that inaen.uch ue the Indiana Bankers Aeseciation meeting occurred on the 3:11) u,Ay as a meeting at Omaha which he had agreed to attend he wculd be unatle to Ec to the Inuianu meeting. It was agreed that the Governor telegraph the Bcarea regrete. Governor Harding stated that he expected to attend the ALerican Bankers Association reeeting at Atlantic City Septeebur 26, remaining one uay. The question of methoes for increauing the supply of small paper currency was then diseuused and on motion %au referred to the troler of th Law Committee tc coneult with the Com - Currency. ..unicaGoverner Herein& read a draft of reply to a cometion from Senator R. L. Owen conditions. oith ruapect to foreign exchanEe The letter was informally approved and it was agred that it and c her documents relatini., to the eamo subject be mimeographed for the use of the members of the Board. The Secretary ve direeteu to e.end a general reply to the letter from Sup rintoneent cf Bank* P. C. Berg cf Chic, 4ith respect to the Cincinnati Branch situation. Diseussicn of the whole branch problem ensued with special rlerance tc the queetion whether branchee with liii.iteupc%ore could not well Le sutstitutoe in ,..any places for branchee with full pehers. n1ris matter %as, on motion, referred to the Clearing Coc:emittee for general eonsideration. A letter from the Whexton ;.ation 1 Bunk, of Wharton, Teaxs, with reference to a. certain form of acceptance, read and referred to the Committee on Law. Applicaticns for stock in Federa 1 Reserve Berko recommended by the Committee cn Lemborehip, were, en motion, approved us follows: P,-)1 APPLICATION FLR ORIAL STOCK. ShareJ. District No. 2. Mountains National sank, Tann le, iY., 15 15 33 72 105 District N Big Sandy, 4.ont., Famers NatLonal Bank, Bank, Livingston Mont., Northw ,3tern _ Total 120 APPLICATION FOR ADITI'NAL STOCK. District No. 7. German American aticnil Bank, Fort Wayne, In., 46 46 APPLICATION FOR SURRENDER OF STOCK. District No. 10. Germania Nationul Bank, Ponca Ci.tv, Okla., 24 24 On motion, at 12:15 P. 14., the Loard adjourned to meet on Thursday, Septewber 20, 1917, at 11 A. U. APPROVED: Chairman.