Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Minutes, September 22, 1916, 3:25 PM, Volume 3, Part 2

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At a meeting of the Executive Committee of
the Federal Reserve Board, held in the office of the
Governor at 3:25 P.

M. on Friday, September 22, 1916,

PRESENT:
Governor Harding, presiding,

Mr. Miller,

Mr. Allen, Secretary.
An application was received from the Federal
Reserve Bank of Chicago to abolish the ten-day rate at
that bank and establish a rate of 3% for fifteen-day
paper, effective September 23rd, and approved by the
Committee.
The following applications for the surrender
of stock and for new stock in Federal Reserve banks
were approved:APPLICATION FOR STOCK.
Shares.

DISTRICT NO. 9.

75

Miles City National Bank, Miles City, Mont.
APPLICATION FOR SURRENDER OF STOCK.
DISTRICT NO. 5.
First National Bank,

810

Baltimore, Md.

DISTRICT NO. 11.
First National Bank, Flatonia, Texas.
Total.

45
855

At 3:30 P. M. the Committee adjourned.

Secretary.
APPROVED:




Chairman.