This volume contains the record of a hearing before a subcommittee of the Committee on Banking and Currency of the United States Senate, Sixty-seventh Congress, First Session, held on July 18 and 19, 1921. The hearing concerned proposed amendments to the "Federal Farm Loan Act" and the "Federal Reserve Act," as presented in Senate Bills S. 2253 and S. 2263. The document provides a detailed account of the discussions and testimonies related to these critical pieces of legislation, offering valuable insights into the economic and agricultural challenges facing the nation in the early 1920s. It serves as a primary source for understanding the legislative process and the evolution of federal policies concerning banking and agricultural finance. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.