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DISTRICT NO. 10.-FEDERAL RESERVE BANK OF KANSAS CITY.

[Asa E. Ramsay, chairman and Federal Reserve agent: F. W. Fleming, deputy chairman; J. Z. Miller, jr.,

governor.]

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DISTRICT NO. 10.-DENVER BRANCH OF THE FEDERAL RESERVE BANK OF KANSAS

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DISTRICT NO. 10.-OMAHA BRANCH OF THE FEDERAL RESERVE BANK OF KANSAS

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DISTRICT NO. 11.-FEDERAL RESERVE BANK OF DALLAS.

[W. F. Ramsey, chairman and Federal Reserve agent; W. B. Newsome, deputy chairman; R. L. Van

Zandt, governor.]

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DISTRICT NO. 11.-EL PASO BRANCH OF THE FEDERAL RESERVE BANK OF DALLAS.

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DISTRICT NO. 12-FEDERAL RESERVE BANK OF SAN FRANCISCO.

[John Perrin, chairman and Federal Reserve agent; Walton N. Moore, deputy chairman; James K. Lynch,

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DISTRICT NO. 12-PORTLAND BRANCH OF THE FEDERAL RESERVE BANK OF SAN

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DISTRICT NO. 12-SEATTLE BRANCH OF THE FEDERAL RESERVE BANK OF SAN

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DISTRICT NO. 12-SPOKANE BRANCH OF THE FEDERAL RESERVE BANK OF SAN

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DISTRICT NO. 12-SALT LAKE CITY BRANCH OF THE FEDERAL RESERVE BANK OF

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Exhibit P.-FEDERAL ADVISORY COUNCIL.

District No. 1.-Daniel G. Wing, president First National Bank, Boston, Mass. District No. 2.—A. B. Hepburn, chairman advisory board, Chase National Bank,

District No.
District No.

District No.
District No.

New York City.

3.-L. L. Rue, president Philadelphia National Bank, Philadelphia, Pa. 4.-W. S. Rowe, president First National Bank, Cincinnati, Ohio; director Federal Reserve Bank of Cleveland.

5.-Joseph G. Brown, president City National Bank, Raleigh, N. C.
6.-Charles A. Lyerly, president First National Bank, Chattanooga,
Tenn.

District No. 7.-James B. Forgan, president First National Bank, Chicago, Ill.; director Federal Reserve Bank of Chicago.

District No. 8.-F. O. Watts, president Third National Bank, St. Louis, Mo.; director Federal Reserve Bank of St. Louis.

District No. 9.-C. T. Jaffray, president First and Security National Bank, Minneapolis, Minn.

District No. 10.-E. F. Swinney, president First National Bank, Kansas City, Mo.
District No. 11.-T. J. Record, president City National Bank, Paris, Tex.
District No. 12.-A. L. Mills, president First National Bank Portland. Oreg.

Exhibit Q.-EXPORTS OF COIN, BULLION, AND CURRENCY.

Amounts of licenses granted by the Federal Reserve Board during the period Sept. 7, 1917, to Dec. 31, 1918, covering exports from the United States of coin, bullion and

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countries...... 75,525,903. 20 13,811, 120. 5971, 650, 760. 59 16, 176, 219.99 2,005, 178. 35 179,169,182.72 128,688,514.22 351, 315, 999. 78 76,092, 752. 59 17,648, 005. 75 11, 315, 809. 83 585,061,082.17

Total...

260

Exhibit R. AMENDMENTS TO THE FEDERAL RESERVE ACT.

[PUBLIC NO. 218-65TH CONGRESS.]

[H. R. 11283.]

AN ACT To amend and reenact sections four, eleven, sixteen, nineteen, and twenty-two of the act approved December twenty-third, nineteen hundred and thirteen, and known as the Federal reserve act, and sections fifty-two hundred and eight and fifty-two hundred and nine, Revised Statutes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section four of the act approved December twenty-third, nineteen hundred and thirteen, known as the Federal reserve act, be amended and reenacted by striking out that part of such section which reads as follows:

"Directors of Class A and Class B shall be chosen in the following manner: "The chairman of the board of directors of the Federal reserve bank of the district in which the bank is situated or, pending the appointment of such chairman, the organization committee shall classify the member banks of the district into three general groups or divisions. Each group shall contain as nearly as may be one-third of the aggregate number of the member banks of the district, and shall consist, as nearly as may be, of banks of similar capitalization. The groups shall be designated by number by the chairman.

"At a regularly called meeting of the board of directors of each member bank in the district it shall elect by ballot a district reserve elector and shall certify his name to the chairman of the board of directors of the Federal reserve bank of the district. The chairman shall make lists of the district reserve electors thus named by banks in each of the aforesaid three groups and shall transmit one list to each elector in

each group.

"Each member bank shall be permitted to nominate to the chairman one candidate for director of Class A and one candidate for director of Class B. The candidates so nominated shall be listed by the chairman, indicating by whom nominated, and a copy of said list shall, within fifteen days after its completion, be furnished by the chairman to each elector.

"Every director shall, within fifteen days after the receipt of the said list, certify to the chairman his first, second, and other choices of a director of Class A and Class B, respectively, upon a preferential ballot, on a form furnished by the chairman of the board of directors of the Federal reserve bank of the district. Each elector shall make a cross opposite the name of the first, second, and other choices for a director of Class A and for a director of Class B, but shall not vote more than one choice for any one candidate," and by substituting therefor the following:

"Directors of Class A and Class B shall be chosen in the following manner: "The Federal Reserve Board shall classify the member banks of the district into three general groups or divisions, designating each group by number. Each group shall consist as nearly as may be of banks of similar capitalization. Each member bank shall be permitted to nominate to the chairman of the board of directors of the Federal reserve bank of the district one candidate for director of Class A and one candidate for director of Class B. The candidates so nominated shall be listed by the chairman, indicating by whom nominated, and a copy of said list shall, within fifteen days after its completion, be furnished by the chairman to each member bank. Each member bank by a resolution of the board or by an amendment to its by-laws shall authorize its president, cashier, or some other officer to cast the vote of the member bank in the elections of Class A and Class B directors.

"Within fifteen days after receipt of the list of candidates the duly authorized officer of a member bank shall certify to the chairman his first, second, and other choices for director of Class A and Class B, respectively, upon a preferential ballot upon a form

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