Show CONSIDERING CURRENCY BILL AMENDMENTS Hearings on Measure Probably Probably Probably ably Will Continue Until Un Un- Until til Saturday COMPULSORY FEATURE MAY NY BE CHANGED Other Modifications LiKely When Committee WorK Begins Next WeeK WASHINGTON Oct 21 While While the hearings on the currency bill before tho the senate banking committee may mY not end before Saturday amendments have havethe havethe havethe the attention of the members President Wilsons Wilson's intimation that he will not object to changes in n the personnel of ot the federal reserve board and and a reduction in the number o ot of regional reserve banks has ban made i it pra practically certain that the desires of many many senators to make those changes will bo ho carried out with prospect of t administration ad ministration tion approval Many other important modifications will be taken up when the committee work begins on tho mc measure euro next week Among the proposed chan changes changos is is one ono that hat will go to the very basis of tho the bill the provision authorizing tho the rediscount rediscount re re- re- re discount of commercial paper and tho the issue of currency by the reserve banks e eThe The compulsory feature of the bit bilL under which 11 all national banks would woul be e required to join the lIy system tem and subscribe subscribe sub sub- scribe twenty per cent of their capital capita in n stock of tho the federal reserve bank of ol their heir division and turn over five per percent percent I cent of their deposits to the reserve bank tank also may bo be changed i Would Clear Olear Only Drawn Bank Checks Another sug suggested amendment would limit reserve banks in their clearings to o chocks checks drawn by banks leaving ing the present collection system for pc personal checks unchanged Tho provisions limiting the dividends to 0 be paid by reserve banks to five per percent cent ent may bo be increased to six and fer the be provision provision that after alter the accumulation of ofa a 1 twenty por per cent surplus all aU profits of the tho ho reserve banks banki except pt tho dividends di shall hall be distributed sixty per cent fo fode the de government an and forty per p-er cent to ho tho stockholding banks may bo ho changed to o give ve all the surplus profits to th the the- government Tho The p problem m of whether hother the be federal reserve banks are arc to be al- al 1 lowed o to enter the open market or bur bu or r sell eom commercial ner ial paper paper in c competition t with other banks to maintain the discount dis die count rate also will be considered Victor of New York who was WM before the committee yesterday r re- re umed a di discussion of the tho bill when whon th threading tho th reading cading was was' taken up by the committee today oday |