Full text of Statements and Speeches of W. P. G. Harding : Telegram Suggesting Transit and Audit Conference to be Held in Chicago, Illinois, November 11, 1918

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X-1266 A

COPY OF GQV_;RIJOR HJdDL.JG'S T.:ll..GGRLi.v1 OF OCTOB& 23, 1918,
SUGG-.:.:STHJ3- THAHolT JJTD LUDIT

COm'.:.~.IL.:llC ~ ·~o B.::~

.l!LLD IN

CHICAGO, iv10lWl""Y, l;OV.dviBLR 11, 1918:

"In view of the many inquiri.es raised as to transit
questions and .'lccounting between Reserve Banks,

B~J<'lrd

suggests that a confer enc e b8 held in Chic ::tJO 2.loniay
November eleventh and tba. t

Ga ch

b:'lll.k have in at tenda.nc e the

officer in charge of the transit department :md the 1udi tor
of the Bttnk.

The 'banks 'lre

graph topics for dis<r:1ssion.

~ceque

A tentative program will be

prepsred and sent to each bank.
bank make a study Q!_its

0\Jim.

..,ted to suggest by tele-

Board reg,llests th::..t each

flO!'l.t situation v11i.th view of

determining the 1.ctual time .it talt:es to
settlement for items hand.led eiti'.er for

)

obt:i.l£2~
its~1

for the

:.10 count

account or

of' other Federal Reserve banks an:J that it. s

transit representative be prewred to discu.&s vvitil represeutatives fro::J. other Federal Res·Jrve banks the desirability of
ad,justing tlJe interdistrict time schedules.

Please advise

names of your representatives who v!f.i.ll attend, also '1.dvise
McKay, Chic1.go, vno will upon request make nece::osary hotel
reservations."

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