Invitation to a Banker's Conference
Title
Invitation to a Banker's Conference
Creator
Federal Reserve Board
Identifier
WWP18841
Date
[1914]
Description
An invitiation to a bankers' meeting at the Treasury Department.
Source
Benjamin Strong Jr. Papers, New York Federal Reserve Bank
Language
English
Text
For the purpose of discussing the general situation, the Federal Reserve Board invites you to attend a conference of Bankers representing the Federal Reserve cities, to be held at its offices at the Treasury building, at Washington, Friday, Sept. 4th at eleven o’clock. It is suggested that each Clearing House send two delegates representing both National and State institutions. Please telegraph promptly names of delegates. It is desirable that your representative bring along the latest condensed statement of your Clearing House institutions so as to be in a position to impart such information as he may feel free to give.
The Federal Reserve Board is desirous of ascertaining as nearly as possible the amount of the present United States cash indebtedness to Europe and maturing obligations, and vice versa, similar indebtedness of Europe to the United States. Any information that you may be able to collect in this respect covering your own district will be appreciated. It is suggested that you ask Mr. Seth Low and H. R.Towne to act with you as a local committee, which, by circular or through the press, would call promptly for such information, which, of course, will have to be treated as confidential. The names of foreign debtors or creditors need not be given, but the amount and character of the credit and debit balance or maturing obligations in dollars or in foreign exchange. It is probable that at the Washington meeting a committee will be organized to study the question and to give advice as to which debts are covered by moratorium and as how to deal with those that are not covered.
The Federal Reserve Board is desirous of ascertaining as nearly as possible the amount of the present United States cash indebtedness to Europe and maturing obligations, and vice versa, similar indebtedness of Europe to the United States. Any information that you may be able to collect in this respect covering your own district will be appreciated. It is suggested that you ask Mr. Seth Low and H. R.Towne to act with you as a local committee, which, by circular or through the press, would call promptly for such information, which, of course, will have to be treated as confidential. The names of foreign debtors or creditors need not be given, but the amount and character of the credit and debit balance or maturing obligations in dollars or in foreign exchange. It is probable that at the Washington meeting a committee will be organized to study the question and to give advice as to which debts are covered by moratorium and as how to deal with those that are not covered.
Original Format
Miscellaneous
Files
Collection
Citation
Federal Reserve Board, “Invitation to a Banker's Conference,” [1914], WWP18841, Benjamin Strong Jr. Papers, Woodrow Wilson Presidential Library & Museum, Staunton, Virginia.