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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.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102