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EEBEHAL RESERVE AGENT*S SPECIAL FUNCTIONS.

(a) NOTE J.SSUK (1) Discussion of expansion and con t rac t ion . (2) Supply of coin and. currency.

Does Federal Re serve Batik supply i t s d i s t r i c t completely or do member banks get supply l a r g e l y from t h e i r correspondents?

Each Federal Reserve Agent to r e p o r t . (3) Redemptions,

Can the volume of shipments by member banks and by Federal Reserve Banks be reduced?

(b) INFORMATION. k (1) Monthly business review. (Discussion by F.R. Agents (2) Intermediate information. (Cr i t ic i sm and suggestions (3) Annual Report. (by F.R. Board, (4) Standardized s t a t i s t i c s .

(c) AUDITING. ( l ) Recommendations of Auditors conference.

(d) EXAMINATIONS OF MEMBER BANKS.

(e) CLAYTON ACT ( l ) Should e x i s t i n g permits be r ev i sed .

( f ) TRUST POWERS.

(g) RELATIONS WITH MEMBER BANKS. (1) Services, present and prospect ive , and the i r cost* (2) Are many members considering withdrawing? (3) Proper use of System by members; can a programme be

formulated?

(h) RELATIONS WITH NON-MEMBER BANKS. (1) What can be done to increase membership? (2) Reconauendation of d e f i n i t e programme to Federal Reserve Board. (3) Report from Federal Reserve Board's Counsel a s to condit ion

of State laws. What l e g i s l a t u r e s meet in 1920? (4) Value of non-member c l ea r ing accounts.

( i ) RELATIONS WITH PUBLIC. (1) Pub l i c i t y regarding Federal Reserve mat te rs . (2) Campaign of education f o r business men. Would i t c rea te

sentiment among b«sik d i r e c t o r s to have t h e i r banks j o i n and remain in System?

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FEDERAL RESERVE BANK POLICIES.

PAR POINT CAMPAIGN. (1) Report from each D i s t r i c t , (2) Symbol p i en. (3) Fixing maximum charges. (4) Clearing House charges.

AMENDMENTS.

( l ) Reserves and. ne t depos i t s .

RATES. (1) C l a s s i f i c a t i o n . (2) Changes; t he i r purpose and probable e f f e c t .

RELATION TO MONEY MARKET. (1) Contracting discounts through r a t e s or pressure

of individual bunks-(2) Acceptances; development and market. (3) Gold movements.

RELATIONS TO SUB-TREASURY. (1) Legis la t ion . (2) Operation.

BRANCHES.

FOREIGN CREDITS. (1) Presenta t ion of s i t ua t ion as viewed by Federal

Reserve Board. (2) Can Federal Reserve Barks do anything to improve

fo re ign exchange s i tua t ion?

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Supplementary L i s t of Topics suggested by Federal Reserve Agents to the Federal Reserve Board f o r d iscuss ion a t

the Federal Reserve Agents' Conference i n Wash-ington, October 22, 1919*

Suggested by Federal Reserve Agent a t :

FEDERAL RESERVE AGENT'S SPECIAL FUNCTIONS

(a) NOTE ISSUE. (4) Advisab i l i ty of amending Federal Reserve Act

to make Federal Reserve notes l ega l tender« St.Louis

(d) EXAMINATIONS OF MEMBER BAMS. ( l ) D e s i r a b i l i t y of Federal Reserve Banks1 r e ce iv -

ing conf ident ia l p a r t s of r epo r t s of na t iona l Bank Examiners* San Francisco

(g) RELATIONS WITH MEMBER BANKS. (4) Advantages of i n s t i t u t i n g a system of v i s i t i n g

member banks f o r the purpose of helping and i n s t r u c t i n g them. Chicago

( j ) FEDERAL RESERVE AGENT'S DEPARTMENT, (1) Necessity of Ass i s tan t Federal Reserve Agents

a t branches, and du t ies of such agents . S t . Louis. (2) Des i r ab i l i t y of organizing a Federal Reserve

Agent 's Department with the Chief Examiner as the Federal Reserve Agsnt 's chief a s s i s t -a n t . San Francisco

FEDERAL RESERVE BANK POLICIES.

(a) PAR POINT CAMPAIGN. (5) Policy as to compulsory c o l l e c t i o n of checks

a t pa r . San Francisco.

(h) COMPENSATION OF EMPLOYEES. ( l ) Wages and bonuses.

( i ) DESIRABILITY OF AN INTERCHANGE OF JUNIOR OFFICERS. AND DEPARTMENT HEADS BETWEEN FEDERAL RESERVE BANKS. San Francisco.

( j ) GOLD POLICY. (1) D e s i r a b i l i t y of l i m i t i n g payments of gold co ins

to those of $20 denominations. San Francisco.

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