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FEDERAL RESERVE BOARD

Ex officio members:
A. W. MELLON,

Secretary of the Treasury, Chairman.

D. R. CRISSINGER, Governor.
EDMUND Platt, Vice Governor.
ADOLPH C. MILLER.
CHARLES S. HAMLIN.
GEORGE R. JAMES.
EDWARD H. CUNNINGHAM.

J. W. MCINTOSH,

Comptroller of the Currency.

Walter L. EDDY, Secretary.

WALTER Wyatt, General Counsel. J. C. NOELL, Assistant Secretary.

WALTER W. STEWART, W. M. Imlay, Fiscal Agent.

Director, Division of Research and Statistics. J. F. HERSON,

Chief, Division of Examination, and Chief Federal | E. A. GOLDENWEISER, Statistician.
Reserve Examiner.

| E. L. SMEAD, Chief, Division of Bank Operations.

FEDERAL ADVISORY COUNCIL
District No. 1 (BOSTON)-------

Chas. A. Morss.
District No. 2 (NEW YORK)-------

Paul M. WARBURG, President.
District No. 3 (PHILADELPHIA) ---

L. L. RUE.
District No. 4 (CLEVELAND)---

C. E. SULLIVAN.
District No. 5 (RICHMOND).--

John M. MILLER, Jr.
District No. 6 (ATLANTA)----

OSCAR Wells.
District No. 7 (Chicago)-----

JOHN J. MITCHELL.
District No. 8 (St. Louis) ----

Festus J. WADE.
District No. 9 (MINNEAPOLIS) -

G. H. PRINCE.
District No. 10 (Kansas City)----

E. F. SWINNEY, Vice President.
District No. 11 (Dallas)--------

W. M. MCGREGOR.
Distriet No. 12 (SAN FRANCISCO)---

D. W. Twohy.

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W. Willett.
L. H. Hendricks.
A. W. Gübart.
J. W. Jones.
G. E. Chapin.
Ray M. Gidney.
W. A. Dyer.
J. O. Nevin,
Geo. H. Keesoe.
John 8. Walden, Jr.d
M. W. Bell.
W. O. Bachman.

O. Obilds,
J. H. DOlard. I
D. A. Jones.1
0. J. Netterstrom,
Clarke Washburne.!
J. W. White. :
Gray Warren.
Frank O. Dunlop.
J. W. Helm.
R. B. Coleman.

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W. N. Ambroso.

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SUBSCRIPTION PRICE OF BULLETIN
THE FEDERAL RESERVE BULLETIN is the board's medium of communication
with member banks of the Federal reserve system and is the only official organ
or periodical publication of the board. It contains, in addition to the regular
official announcements, the national review of business conditions, detailed
analyses of business conditions, research studies, reviews of foreign banking, and
complete statistics showing the condition of Federal reserve banks and member
banks. The BULLETIN will be sent to all member banks without charge. To
others the subscription.price, which covers the cost of paper and printing, is $2.
Single copies will be sold at 20 cente.

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