[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
as well as by the character of the paper which the applying bank tenders. See pages 22-20

~~ —
| IN FAVOR OF THE COMMITTEES RECOMMENDATION
! OPPOSED TO THE COMMITTE®’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

XI The Committee recommends that the powers of issuance of currency against
bankers’ acceptances and eligible paper should be continued.

| IN FAVOR OF THE COMMITTEE'S RECOMMENDATION
OPPOSED TO THE COMMITTEE'S RECOMMENDATION

|

yold,
See pages 28-32

X11 The Committee recommends that based on the recommendations of administrative
officials of the Reserve System there should be a legislative revision of those provisions
 of the Federal Reserve Act relating to member bank reserves. See pages 32-36

— ——————r
| | IN FAVOR OF THE COMMITTEE'S RECOMMENDATION
| OPPOSED TO THRE COMMITTRER'S RECOMMENDATION

XIi1 The Committee recommends that member banks should be given a larger participation
 in earnings of reserve banks with proportionate reduction in earnings required .
to be paid to the federal government. See pages 36-40

- - 1
' IN FAVOR OF THE COMMITT%@’® RECOMMENDATION
! OPPOSED TN THER COMMITTF®™S RECOMMENDATION

X I V 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 126-40

a

|

| 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

The Committee recommends that the Federal Reserve B ; Tg
XVI of HS GWE rve Board be housed in a building

See pages 40-48

I » co— —
' IN FAVOR OF THE COMMITTEE'S RECOMMENDATION
' OPPOSED TO THE COMMITTEE'S RECOMMENDATION

XVII The Committee recommends that the salaries of the Governor and members of
Federal Reserve Board should compare more favorably with the salaries paid
principal administrative officers of the reserve banks.

the
the

See pages 40-48

\ | IN FAVOR OF THE COMMITTEE'S RECOMMENDATION
I OPPOSED TO THE COMMITTEE'S RECOMMENDATION

XY "TIT The Committee recommends that thoroughgoing consideration he given to the
tions of the Treasury to the Federal Reserve Board,

| | IN FAVOR OF THE COMMITTEE'S RECOMMENDATION
OPPOSED TO THE COMMITTEE'S RECOMMENDATION

|__

rela-See
 pages 40-48

X I X The Committtee recommends that the management of the Reserve System should provide
 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 48-52

pro— a a
| IN FAVOR OF THE COMMITTEE'S RECOMMENDATION
OPPOSED TO THE COMMITTEE'S RECOMMENDATION
ed

Name of Individual, Firm or Corporation

TT Address

This Ballot Pertains to Referendum
 No. 55 of the Chamber of
Commerce of the United States,
on the Report of the Special
Committee on the Federal Reserve
 System.