[X The Committee recommends that, in passing upon an application for rediscount 
accommodation, a reserve bank should be guided by the general condition of the 
applying bank and the effect of granting the rediscount upon the safety of depositors 
is well as by the character of the paper which the applying bank tenders. See pages 22-26 
| | IN FAVOR OF THE COMMITTEE'S RECOMMENDATION 
| OPPOSED TO THE COMMITTEE'S RECOMMENDATION 
X The Committee recommends that the present powers of the reserve banks to engage 
in open market operations should be continued. See pages 26-28 
| IN FAVOR OF THE COMMITTEE’S RECOMMENDATION | 
| OPPOSED TO THE COMMITTEE'S RECOMMENDATION 
X1 The Committee recommends that the powers of issuance of currency against gold, 
bankers’ acceptances and eligible paper should be continued. See pages 28-32 
—_ 
IN FAVOR OF THE COMMITTEE’S RECOMMENDATION 
| OPPOSED TO THR COMMITTRE™S RECOMMENDATION 
X11 The Committee recommends that based on the recommendations of administrative 
! officials of the Reserve System there should be a legislative revision of those pro- 
visions of the Federal Reserve Act relating to member bank reserves. See pages 32-3 
| IN FAVOR C™ THE COMMITTEE'S RECOMMENDATION 
OPPOSED Tr THF COMMITTEF'S RECOMMENDATION 
XIII The Committee recommends that member banks should be given a larger participa- 
tion in earnings of reserve banks with proportionate reduction in earnings required 
to be paid to the federal government. See pages 36-4¢ 
IN FAVOR OF THE COMMITT™™2 RECOMMENDATION | 
OPPOSED TO THE COMMITTEF’'S RECOMMENDATION 
XIV The Committee recommends that the Reserve System should maintain the policy of 
refusal to pay interest to member banks upon their reserve balances. See pages 36-40 
| | IN FAVOR OF THE COMMITTEE'S RECOMMENDATION 
_— - — _— 
OPPOSED TO THE COMMITTEE'S RECOMMENDATION 
_—— ——— = ————————— 
XV . The Committee recommends that the Governor of the Board be made its Chairman. 
See pages 40-48 
IN FAVOR OF THE COMMITTEE'S RECOMMENDATION 
' OPPOSED TO THE COMMITTEE'S RECOMMENDATION 
XVI The Committee recommends that the Federal Reserve Board be housed in a building 
of its own. See pages 40-48 
— - 1 
| IN FAVOR OF THE COMMITTEE'S RECOMMENDATION 
OPPOSED TO THE COMMITTEE'S RECOMMENDATION | 
X\ TI The Committee recommends that the salaries of the Governor and members of the 
Federal Reserve Board should compare more favorably with the salaries paid the 
principal administrative officers of the reserve banks. See pages 40-48 
IN FAVOR OF THE COMMITTEE'S RECOMMENDATION 
OPPOSED TO THE COMMITTEE'S RECOMMENDATION 
XVIII The Committee recommends that thoroughgoing consideration be given to the rela- 
tions of the Treasury to the Federal Reserve Board, See pages 40-48 
| IN FAVOR OF THE COMMITTEE'S RECOMMENDATION 
| OPPOSED TO THE COMMITTEE'S RECOMMENDATION 
X1 X The Committee recommends that the management of the Reserve System should pro- 
vide the public with such an ample amount of information as to operations and policies 
as will permit the formation of sound public opinion. See pages 48-22 
Bh | IN FAVOR OF THE COMMITTEE'S RECOMMENDATION 
| OPPOSED TO THE COMMITTEE'S RECOMMENDATION 
Name of Individual, Firm or Corporation 
Address 
This Ballot Pertains to Refer- 
endum No. 55 of the Chamber of 
Commerce of the United States, 
on the Report of the Special Com- 
mittee on the Federal Reserve 
System.