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--o00o-- 'MINUTES • of the July 1 to December 31 A Accept amount of its capital and surplus, power to, granted Citizens N.B. of N.Y. Mechanics N. B., New Bedford, Mass. Accept up to 50%, power to, granted First N. B., Canton, Miss. Accept up to 100%, power to, granted / Albany W. B., Albany, Ala. V American N. B., Cordele, Ga. v,American N. B., Richmond, Va. / American N. B., San Francisco / Anglo & London Paris N.B., San Francisco / Bankers Trust Co., New York City , Blackstone Canal N.B., Providence, H.I. , Central Trust Co., N.Y.City ,v Citizens N.B., Decatur, Ala. . V City N.B., Dallas ''/ Cleveland Trust Co. 'Columbia Trust Co., N.Y.City ''Continental & Commercial N.B., Chicago vEquitable Trust Co., N.Y.City v Farmers & Merchants N.B., Troy, Ala. V Fifth-Third N.B., Cincinnati p/First N.B., Cleveland, Ohio /First N.B., Hutchinson, ;car. /First N.B., Richmond , First N.B., Utica , Fourth N.B., Macon, Ga. Franklin Trust Co., N.Y.City W. R. Grace & Co.'s Bank • Guaranty Trust Co., N.Y.City Hartford-Aetna N.B., Hartford, Conn. • Importers & Traders N.B., N.Y.City 1,/ Liberty N.B., N.Y.City , Market Street N.B., Philadelphia Massasoit-Pocasset N.B., Fall River, Mass. Merchants N.B., Richmond, Va. - Natiol na Bank of Savannah / National Union Bank, Boston .7 New Orleans N.B. 8/9 11/15 140 670 7/10 17 10/12 8/23 7/2 9/12 9/12 10/19 7/12 10/19 9/4 9/25 12/26 12/7 12/24 10/26 11/23 7/10 11/19 12/19 12/5 9/25 12/19 11/19 11/16 104 10/26 11/12 10/15 11/30 437 192 5 238 233 469 37 469 207 331 961 347 953 506 749 17 711 925 827 331 925 711 677 393 506 643 415 800 11/12 l3 0/10 1/7 8/23 643 376 145 847 178 Accept up to 100%, power to, granted Old Colony Trust Co., Boston / 1 Planters N.B., Richmond, Va. "'Safety Fund E.B., Fitchburg, Mass. v Savannah Bank & Trust Co., Savannah, Ga. Seaboard N.B., N.Y.City Seaboard N.B., Norfolk, Va. Tenison N.B., Dallas, Texas , Union N.B., Cleveland, Ohio, and others J Union Trust Co., Pittsburgh, Pa. \ Accept up to 100%, power to,'renewed to \ J Bank of California N.A., San Francisco Accept up to 100%, powers of member banks to, resolution re, adopted 11/19 9/4 10/3 11/19 11/19 11/28 7/31 7/10 7/17 12/3 711 207 376 711 711 796 108 17 52 815 9/11 226 8/9 141 Acceptance credits: Letter from Equitable Trust Co. re, extended French Railway by Bank 11/19 of France, ref. to Com't #2 Acceptances: American Tobacco Co., letter from FRA Heath re acceptances of, noted 12/28 Letter to FBA Heath re, read, and 12/24 reply proposed by Gov. ap2roved Memo. of Counsel re cert. to be attached to acceptances of, ref. to Octet iP2 12/10 Papers re, presented by Lir. Warburg, 12/19 Ordered filed Bank of N.Y., letter from, re increase of acceptance pomiers. 9/11 Bankers: FRBank of N.Y., rate for, at, 12/7 approved FaBank of S.F., rates on, letter from Mr. Perrin re, 10/9 Form of stamp across face of, letter from Bernhard, Scholl° Co., re, discussed 8/28 699 982 955 86,1 923 225 849 403 198 III Acceptances: Bankers: 10/3 Rate of 41% on, approved Discountin:; of their own, discussion re, 11/3 by Governors and FABoard F.A.Bank of N.Y., certain acceptances held by, to be taken by other FABanks at 11/2 request of Board Letter from, stating that bank now 3/2 disposing of its acceptances Form of, letter from dharton N.B. re, ref. 9/19 to Law Com't French, renewals of, letter from Monsieur de 8/24 Neuflies re, ref. to Er. Warburg Guaranty Securitios Corp., opinion ,of Counsel re certain acceptances made 11/28 by, filed with Board 9/29 Gulf efining Co., gen.letter from, re Lumber: Letter to FRL Hardy from Mr. Warburg, 12/14 re, approved Ninety-day: J.2.:organ & Co. to float not over 11/14 150,000,000 . Opinion of Counsel re, approved for pub. 8/22 in Bulletin Places of payment, opinion of Counsel re, 7/24 ordered circulated Point at which documents must be attached 9/18 to, opinion of Counsel re Purchase of, from FABank of N.Y., letter 11/14 to 21r. Perrin re, approved Purchase of, in S.F.District, letter from 8/27 Lir. Perrin re, ref. to Lir..darburg Purchase of, letters re, by FRBanks 8/21 participating therein, noted Sale of, by one FABank to =other, 8/15 circular letter re, approved. Stamp taxes on, telegraom FAA Perrin re 11/9 legal status of, ref. to Com't #3 State Banks': Conditions governing, in connection with admission requirements of 8/23 FRaystem, ref. to Law Com't 375 594 562 123 293 187 798 361 900 653 174 74 265 656 189 159 152 615 179 IV Acceptances: Statement of, in Board's weekly statement of Dec. 7, letter to Gov. Harding re, 12/12 noted Status of, which were ref. to Com't 10/31 42, Gov. Harding's inquiry re, Telegram re taking of, from FilBank of N.Y. by certain other FRBanks, at 11/2 request of Board Ttade: Canadian, memo. of Er. darburg re 8/28 purchase of Cost of collection of, found high by 9/18 large St.Louis firm Discussion re exemlytion of, from 12/5 stamp tax at on, F.A.Bamk of N.Y., rates 12/21 ratified Rectification of recent classifica12/22 tion. at, ordered S.F., rates letter on, of F.R.Bank 10/9 from Mr. Perrin re, submitted by Mr.L.E. Form of, 12/7 Pierson, approved by Com't 42 from Harvester Inquiry International 9/11 Co. re, ref. to Counsel bet., maintained be to :; , 1 -of Margin and commercial paper of similar 11/12 maturity ,Iliturity of eligible, report of Com't 11/14 #2 re, Meeting of persons interested in, to 10/12 be held Oct. 13th Nat'l Ass'n of Credit Lan, telegram from, re Board's past expressions re, 10/2 read Opinion of Corn. on Law re amt. dis. for 7/11 any one borrower, approved Opinion of Counsel re,. ref. to Com't 12/5 #2 Proposed form of, submitted by Yr. Lewis E. Pierson of N.Y., ref. 12/5 to Com't 42 Purchase of Canaflian, letter from Gov. rancher re, ref. to Investments 8/27 Com't 10/3 Rate of 2..L' on, approved Stamp taxes an, report of Com't 44.3 re, in answer to Er. Perrin's inquiry 11/12 889 545 562 197 266 826 939 946 408 848 225 642 657 436 369 28 824 824 cS 136 375 644 V Acceptances: Trade: Use of, discussed and ref. to ixec. Com't 7/21 darehouse receipts as protection against acceptance paper, opinions of Counsel re, 11/15 "Acting Executive Officer", ruling re, in absence of Gov. and Vice Gov. 3/21 Adams, Lir. Alva, Pueblo, Colo., elected Director of Denver Branch 11/21 Adams, H. C., of Ann Arbor, letter from, re special report on finances, ordered circulated 9/7 Addresses: American Bankers' ssin at Atlantic City, letter from 1.r. Puelicher re printing and sending out of addresses of Gov. 10/15 Harding and others, ref. to Gov. Gov. Harding at Atlantic City, Gov. Hardin:fs statement re erroneous report of his 9/28 address re Comp. of Currency Advertising: First N.B. of Harrisonburg, letter from, re 9/12 advertising appearing locally Opinion of Counsel and letter from Lir. Perrin re, by clearing member banks, ref. 10/15 to Gov. St. Joseph Valley Bank, proposed form of advertising of, approved 8/27 Voorhees & Co. of N.Y., letter from, re 8/23 bank advertising, ref. to Gov. Advisory Council: Business conditims reported by, Capital and Reserve Requirements, reconaendations of, re, recomuendations of, re, Discounts and Investments, recom:lendations of, re, recomi.endations of, re, 9/18 74 661 170 735 212 445 352 237 444 187 178 275 to 282 11/19 11/20 687-6 719 11/19 11/20 685-6 717 VI Advisory Council: 11/19 Gold Embargo, recommendations of, re 11/20 Recommendations of, re, Letter from Lir. Perrin re local Advisory Council in 12th district, ref. to 10/2 Law Com't Liberty Loan, amount of, opinion of each 9/13 member of, re, 10/31 Meeting of, fixed for Nov. 19 Meeting of, for general discussion, 8/23 suggested Meeting of, on Sept. 13-19, discussed and 8/27 docketed Meeting of, outline of suggestions for, 11/5 presented by Gov. Harding 9/18 Meeting with Board, minutes of, 11/19 do. do. 11/20 do. do. Program for meeting of, members of Board //2 11 asked for suggestions re, 9 18 Recommendations of, Treasury Certificates of Indebtedness, 11/19 recoialendations of, re, 11/20 do. 668-9 720 367 275 to 232 513 196 189 572 275 to 232 685 717 555 268 to 271mendatios 690 721 Agricultural situation in 9th P.R.District, letter from 1.1r. Rich re, noted 12/10 866 Alabama Bankers Ass'n, letter from Mr. J.P. Jackson; Pres't, re danger of runs on banks, noted 11/5 573 12/10 864 7/31 111 12/14 099 Albuquerque, U.N., district assignment of banks in, letter from Ur.W.B.Berger of Denver re, noted letter from bank at, re Albuquerque, N. redisc. paper of other banks as agent for them, disapproved Alien enemies: Certain firms as depositaries to act as holders of securities belonging to, approved VII Alien enemies: Deposits of, in member banks, memo. of Counsel re treatment of, ref. to Gov. 10/19 Deposits of, telegram from Deputy Gov. Hoopes of Dallas re treatment of, ref. to 10/17 Counsel Gold and credits for use of, letter from Gov. Fancher of Cleveland, re 8/21 discussed Remittances to, opinion of Counsel re, 10/12 ref. to Gov. 467 455 . 161 435 Alien Enemy List: Purchase of paper of firms Whose names apoear on, letter from FRBank of E.Y. 12/11 re, ref. to Mr. Strauss 877 Alien Enemy Custodian: Appointment of depositaries for, informally approved do. 961 979 Allen, Assistant Secretary, authorized to take leave Amendments: Existing currency laws', work of special Com't on, discussed F. a. Act: Amendment to, permitting loans by FABanks to savings on approved securities, suggested Gov. Harding's report re failure of, similar amendiaent to pass Congress in 1916 Views of Sec. of 2reas. re, to the banking law, stated by Gov. Harding 12/26 -12/28- 8/9 133 10/4 393 9/18 272 9/18 272 11/15 664 A.:Ierican Bankers' Association: See also Hinsch, President. Atlantic City meeting Sept. 26; Gov. 292 9/19 Hardin:: to attend "Com't of Five" of, to call on Board 980 12/28 Jan. 15 or 16 "Com't of Five" of, to meet Board on 994 12/31 Jan.16, 1918 VIII American Bankers' Association: Letter from Er. Puelicher re Board's official recognition of work of, Representative from each district to attend meeting of, letter from la-. Tremen re, ref.. to Gov. Harding. Com't of, re campaign for state of 4ork bank memberships, stated by Gov. Harding American banks operating in foreign countries, memo. re policy in connection with regulation of, American Car & Foundry Co. Eligibility of certain notes of, letter for transmission to Gov. Iihoads re, ordered circulated Eligibility of certain notes aaned by, opinion of Counsel re, Eligibility of notes of, correso. re, American Express Co., authority to make continuous shipments of Canadian currency, granted to, 10/./24 492 3/10 11/1 11/8 612 8/28 192 12/17 906 11/15 12/19 663 922 9/20 309 American Foreign Banking Corporation: Board's regulations and conditions of operation, acceptance of, by, formally 9/18 entered in minutes Chase N. 3. and others, request of, for 7/11 permission to invest in stock of, Dahl, G. 11., V.P. Chase E.B., application of, et al, for permission to serve as 7/19 officers or directors of, approved application J., 11. Newark, Essex County N. B. of of, to invest 100,000. in stock of, 7/17 anproved re from, probable letter Rains, 1.1r. Archibald, 8/1 power of, to accept, ref. to Counsel of, stating its Letter from 1,1r. E.B.Harris desire for 2ederal incorporation, 12/10 ref. to Exec. Com't 285 31 64 52 116 871 IX American Foreign Banking Corporation: Merchants-echanics First r. B. of Baltimore, permission to invest ,Au0,000. in stock of, granted, 7/12 Power to accept, :Ir. darburg's letter to Eains of L. Y. re, approve' 8/2 Purchase of stock of, authorized to Auerican Southern Bank of Louisville 12/17 Purchase of stock of, by Denver L. . B. approved 12/11 Purchase of stock of, by Denver N. B. approved 12/12 Regulations of banks organized to do a foreign business, copy of, sent to 8/30 37 120 909 876 892 201 American Foreign Exchange Bank Kains, Mr. Archibald, letter from, re Mexican Government credit with, ref. to Gov. Harding 8/10 145 American Smelting 6: Refining Co., letter from, re method of meeting gold requirements of co,Jpany in Chile, acted upon 9/22 316 American Tobacco Co. Discussion by FRBoard members and Lr.J.P.Curtis, Counsel of FaBank of N.Y. re 90-day notes of, 11/12 Financing of, discussed, Jr.i Williams not concurrin:3 in Board's decision of Nov. 15 re, 11/16 Letter to Jay re rediscount of notes of, presented by Gov. Harding 11/14 Opinion of Counsel re warehouse receipts covering tobacco, as protection against acceptance paper 11/15 American Trade Acceptance Council: Gov. Harding to write suitable letter of approval of work of, 10/24 Gov. Harding's letter approved 10/26 Meeting of, with Board asked for; appropriate com't of Board to receive Council on date named (Dec.20) 11/30 638-9-0 675 654 661 492 503 300 American Trade Acceptance Council: Secretary of Board not to accept membership 10/26 503 American Trust Co., Charlotte, 11.C., condition of, 12/5 letter from FRA Hardy re, ref. to Com't 8,50 An!310 Mexican Petroleum Co., release of currency in favor of, on board Ship at Mobil, to be 10/9 asked of Customs Division of 2reas. 416 Annual Reports: Board's, to be prepared and transmitted to Speaker of House of Representatives not 12/12 later than Tuesday, Jan. 8, to relating matters Discussion re various 12/5 forthcoming, by members F. . Agents' Questionz raised by Sec. of Board 12/31 re, voted on Banks' R. V. Tentative agreement re, reached; noted 12/21 in minutes Applications for Trustee Powers: See 837 830 992 940 Fiduciary Powers Argentina: Exchange and commercial conditions in, articles re, ordered circulated 10/25 500 Argentine Ambassador: Letter from Counsellor Polk of State Dept. 11/17 re, noted 681 Army and I:avy Men: Postmasters to permit transmission of currency to men on battleships, at naval stations 12/12 and in azDeditionary force 398 Assembly ilooLl, use of, asked for by La'. L.B.Franklin 12/5 for meeting of Liberty Loan Com't 825 Assessments: Assessment of s3.00135 on FALanks, to meet expenses of Board for period ending June 30,1918, 12/12 anproved 090 XI A.ss' t F. i. Agent of aichiaond, Ass' t F. i. Agents: See 2. I. Agents, Assistants to: Ass' t Sec. of 2reas. Va. See Dudley See Leffingwell Atlanta Clearing House Ass'n, letter from, ref. to Atlanta Com't 12/22 Attorney General of the U. S. Application of Clayton Act, opinion of, re, to be asked Application of Clayton Act, opinion of, re, asked Apolication of Clayton Act to state banks and trust companies, opinion of, re, Fiduciary paaers of national banks in N.Y., opinion of, re, received by Board 946 7/26 91 3/1 115 9/13 242-3-4 12/3 315 3/21 153 itustin, Lir. a. L., Fa1143ent at Philadelphia: Lir. darburg to inform, Board glad to have him remain as FaAsent for period of war 10/24 494 Ausherton, Geo. A., appointment of, as Ass't Examiner, approved Balfour, dilliamson & Co., complaint of, re delay in handling application, on part of Customs Division authorities, ordered answered 9/26 Balfour, dilliamson & Co. Letter from, re shipment of gold to Calcutta, ref. to Gov. 8/23 Transfer of gold shipments already authorized in behalf of, to later steamer, approved 9/20 Banco de la Yeacion of Argentine: See under 2oreign Accounts, Agencies, etc. 340 178 509 XII Bank of Italy: See under Foreign Accounts, Agencies, etc. Bank of Italy: Entrance into FASystem, letter from Ur. Perrin re, ref. to Gov. Harding Negotiations of, with FiZank of N.Y., letter from Gov.Strong re, ref. to Gov. Harding Bank of Italy, San Francisco: Assets of, letter from ar. Perrin to Mr. Miller re, ref. to Com't 42 Bank of Stanwood, Stanwood, lash., letter from Mr. Perrin re, clearing through FaBank of S.F., ref. to Gov. 8/10 143 8/10 143 11/16 676 10/15 444 Banking Conditions: See also Business Conditions General, stated by Gov. Harding, especially 12/21 re Baltimore and Boston to ref. re, Hr. Perrin from m Telegra 12/14 'darburg Maine: in ions Banking Condit Conference of State Sup't of Banking re, 9/18 ref. to by Gov. Harding sippi: in Missis ions Bankinrs Condit Letter from J.S.Love, State Bank 12/28 Commissioner, re, noted ire: New Hampsh in Banking Conditions . Conference of State Silp't of Banking re, 9/18 ref. to by Gov. Harding Banking facilities in foreign countries, letter from Senator Owen to Sec. LcAdoo re, read by Gov. Harding Banque de Paris de des Pays-Bas, letter from, to Sec. of Treas., offering its services In exchange operations, noted "Based on livestock", interpretation of, opinion re, 935 899 272 983 272 11/1 549 11/15 666 7/12 36 XIII BelLjan ilelief Commission, payments by, situation re, stated by Mr. Strauss 10/25 500 Bigelow & Co., letter from nualik of H.Y. re, and their authority to making clear deposits with FABank of N.Y. Counsel's opinion to contrary 8/2 120 12/7 844 Blockade: 13ritish Gov. desiring financial blockade of northern neutrals and Switzerland, statement of LT. Strauss re, 10/25 500 Bills: Demand for large, corresp. bet. Deputy Gov. 2reman and Gov. Harding re, noted Bond Issues:'..3ee also Government Financing Liberty Loan Bond7secured bank note circulation, letter from Union U. B. of Houston, Te:tas, inquiring 10/12 Board's attitude re, Bonds: Cancellation of bonds of bonding colni)anies, 7/27 request of 1.-er. dellborn re, granted 2.11.Banl: of Chicago: Letter from Gov. :dcDougal re "overage" of bonds and his 9/28 plan for sale of sane, approved Form of, letter from iii'. Crosby re form of bonds to be supplies by foreign governments to U.S. in exch. for 7/10 moneys advanced Government: Lost interim certificate of subscription to, letter from Gov. Yiiller re, 9/5 ref. to Com't on law sale of, in Cleveland District, letter 8/30 from FRagent dills re, 435 92 354 25 209 201 XIV Bonds: New Mexico, memo. re application of Senator Fall for approval of, ref. to Law 7/12 Com't Purchase of circulation, by FLI.Banks, 12/24 resolution re, adopted Aevoluticnary Goverment of South China, matter of preventing bonds issued by, from being imported into 11/21 U.S. discussed by Board 2Liverside N.B., letter from, re taking over of its bonds by a Manic, ref. to 11/26 Gov. Bonuses: F.R.Bank of Atlanta: Statement re amount paid employees at, 12/31 as Christmas bonus Letter from FRAgent Hardy re Board's 12/26 action re, ref. to IL.. Warburg. 1-,"',,tter of, after discussion, made special 12/21 order for meeting of Dec. 24 12/22 aeport of Com't #.1 re, Bradley, Mr. C. S., salary of, increase in, aapproved Branch Bank Situation: hr.i)elano to :aake triP to investiite, Branch Banks, FRS: Baltimore, Quarters for, com't'fram Richmond; to visit Baltimore 'soon re, Quarters for, letter from H.B. Wilcox re, circulated By-laws for, letter from Coy. LIcllougal re, read, and Gov. Harding's reply thereto, approved Cincinnati, Assignmant of territory to proposed branch at, discussed 38 950 737 764 992 961 936 946 7/11 30 3/9 138 9/11 225 8/3 134 11/30 3u2 7/13 40 -V Branch Baylks, FAS: Cincinnati: By-laws: Draft of proiJosed, for branch at, presented by Gov. 11/15 Harding 12/12 Minor changes in, approved Telegram from Gov. Fancher suggesting certain additional changes in, ref. to Gov. 12/22 Harding dills, FRAgent, letter from, re auended by-laws for, 12/19 EstablishiJent of branch at, Delano to join in investigation re, 7/31 Establishment of branch at, authorized 10/9 Letter from Lir. Jills re branch at, 7/24 ordered circulated Letter to Sup't of Banks, P.C.Berg, re branch at, 9/19 Denver: Branch at, letter from Colo. Sprin.;s Clearing House favoring, read 7/31 Letter from 2irst National Bank of Boulder, favoring, read 7/31 Telegram from Mr. 6awyer stating action re, suspended 7/31 appointment of, as Burkhardt, C. Manager and Director, approved 8/30 Discussion re branch at; matter tabled 7/17 7/13 do. do. 7/24 7/31 do. Situation as to organization of proposed branch at, stated by Gov. Harding 8/27 Detroit: Branch at, to be established; copy of new by-laws to be forwarded 11/16 By-laws for, letter from FAA Heath re, and Gov. Harding's reply, 11/23 noted 666 892 945 923 98 408 72 293 98 98 110 201 50 59 72 97 186 677 748 XVI Branch Banks, MS: Detroit: Couference(informal)uith i)etroit bankers re branch at, result of, 11/2 reported by Gov. Harding 12/10 Discussion re proposed branch at, First & Old Detroitdi.B., letter from, re establishment of 8/27 branch at, Mr. Hardin:3 and Mr. Miller to visit 10/26 Chicago in re branch at, Trip found unnecessary byGov. 10/29 Harding Letter from Gov. IjoDougal re orEanization of proposed branch at, ref. to Ghicago 12/23 Com't L.3. Old Letters from 2irst 4; 12/11 and 2eoples N.B. re, noted aJly Situation at, reported inform 12/12 by Gov. Harding 10/23 at, Telegram from FriA Heath re branch Directors of, Mr. Miller's opinion re, Discussion of uhole branch Tvoblem Discussion re, and draft of proposed by-laws read 557 868 187 506 531 982 876 382 482 7/13 9/19 58 293 11/8 595 El Paso: Branch at, discussed but no action 12/5 taken 12/22 Letter from PRA Ramsey re, noted Letter from FAA Ramsey to Gov. Harding re branch at, ref. to 12/19 Exec. Com't . 12/11 at, branch re Letter from FRA Ramsey Louisville: 7/10 Branch at, Board voted to establish at By-Laws for branch - 7/11 discussed by Board 8/21 Approved s be to by-law Copy of new 11/16 forwarded branch at, . 829 946 923 876 15 27 171 677 Branch Banks, FRB: Louisville: Directorate of, letter from idr. E.L. Swearinger and telegram from Mr. 7/31 Oscar Fenley re, presented of, announcement of, Directors 8/8 authorized as of, election Kincheloe, Ur.W.P., third Director of, advised by 8/9 2JA Martin of Sec. to Letter from Mr. Martin Board re organization of branch at, ref. to Gov. Harding and Mr. 12/14 Delano 8/21 Territory assigned to, Territory of, auggestion from MBank of St. Louis re by-laws 8/10 covering Managers for, letter from FRI3ork of S.F. 8/7 re, New Orleans: Alteration in by-laws asked at, to 7/13 confora to standard draft, recommended Mgr. Ass't of Illploywent 10/lb and approved Hibernia Bank & Trust Co., request from, re co-operation of Branch Bank in connection with maintaining 8/7 reserve Board re of Chairman Letter from Com'l Tr. & Say. Bk.'s letter re prevontint; salt water in rice marshes, 8/8 ref. to Gov. Letter re disposition of F.R.Notes turned in for credit, ref. to 10/13 Com't on Issue and Redemption Overhead charges, matter of, ref. to 7/27 Goy. Harding Ir. Broderick's memo. re, ref. 88 to Goy. Harding 8/21 Report of Mr. Broderick re, 8/21 tabled do. 8/23 tabled do. 8/2 Zunts, Jas. E., letter from, re, 99 131 137 901 171 144 126 40 446 125 129 447 92 134 158 175 177 120 Branch Banks, FRS: New Orleans: Overhead expenses, Mr. Broderick's 10/15 plan re, adapted for crop currency Sufficient moving period, letter from Mr. 8/1b Wellborn re, ref. to Gov. Oklahoma City: Thompson, Representative, letter from, suggesting branch at, ref. to 8/8 Com't on Operation of K.C. Bank Omaha: Branch at, Gov. Harding to wire that establishment of, has been 8/2 officially approved from telegrams Letters and Wyoming banks re branch at, 7/17 tabled Telegram from Mr. Sawyer of K.C. 7/17 re, of Miller Gov. from Telegrams 7/13 ro, read voted at, branch By-laws re proposed 7/11 on R.O.Marnell and P.L. Messrs. Hall, 7/18 named as directors Mgr. as re, discussion Hughes, Mr., Omaha Branch and Omaha Clearing 7/18 House Pacific Northwest: Directors for, recommendations of 9/20 Mr. A.C.Miller re, Mr. Miller to visit branch batik's, 8/7 enroute from, Organization of branches in, Mr. Miller's letter to Mr. Perrin 9/27 re, approved Mr. Perrin to visit, in connection with 8/23 opening Seattle branch Pittsburgh: Branch at, letter from Mr. J.F.Burke of Pittsburgh re, ref. to 7/26 Gov. Harding 448 153 131 123 49 49 39 30 57 58 301 127 346 181 85 Branch Banks, FRS: Pittsburgh: By-laws, draft of proposed by-laws for branch at, presented by 11/15 Gov. Harding Clearing House and Chamber of Corn., letters from, re establishment 7/31 of branch at, Discussion re directorate of and 10/29 quarters for branch at, ,Gov. Harding's suggestion to Pittsburgh Clearing House that they apply to Cleveland for 7/17 branch bank, tabled Letter from Mr.J.F.Burke re branch at; Board to visit Pittsburgh 9/25 in October Letter from Clearing House banks of, re establishment of branch at, 10/24 presented Portland: &penises of, letter from Director 10/9 Mills re, 7/24 Letter from Mr. Perrin re branch at, Salt Lake City: Perrin, FRAgent, letter from, re 9/13 branch at, read Seattle: Branch at, proposed, letter from 8/27 mr. Perrin re, noted Kelleher, Messrs. Daniel and W.H. Latimer, letters from, re branch 7/31 at, Mr. Perrin to visit Northwest in connection with establisnment 8/23 of branch at, Spokane: 7/25 By-laws for branch at, presented By-laws proposed for branch at, 7/24 read By-laws, suggested changes in, 7/17 satisfactory with two exceptions 7/25 Directors' fees agreed upon Reports of Comp. of Currency available for Spokane Bd. of Directors, 7/24 letter from Mr. Perrin re, 666 99 521-2 50 332 492 411 71 241 188 99 181 82 71 55 83 71 XX Branch Banks, FRS: Spokane: Fee of directors of, letter from Mr. 3/3 Perrin re Tenth District: Letter from Gov. Miller re branches in 8/2 his district 2a1sa, Oklahoma: Branch at, convemltion of Mr. Warburg and representative of city of Tulsa, 8/27 re proposed branch at, reported Letter from Clearing House Ass'n 7/20 asking for branch at, Telegram from Clearing House Ass'n re branch at; also Mr. Sawyer's letters from K.C. Matter not to 7/26 be concluded now Branch Banks, Foreign: Caracas, Venezuela: National City Bank, application of, to establish branch Lt, also sup-branches, granted Order entered in minutes Lima, Peru: National CiLy Bank, application of, to establish branch at; also sub-branches, granted Order granting above, entered in minutes San $a3vador: Letter re American Bank at, ref. to Gov. Harding Branches of National Banks: Letter from Congressman Samil E. Winslow re establishment of, ref. to Exec. Corn' t Broderick, Mr. J.A., Chief Rxaminer: Board to telegraph wish that Mr. Broderick take suitable holiday Report of, ra results of recent visit, circulated 102 118 190 68 85 7/27 7/31 92 96 7/27 93 7/31 94 7/10 16 11/7 582 9/26 336 8/21 158 Brodhead, Mr. J. Davis, opinion of Counsel re status of, as director of FRBank of Philadelphia 12/3 Buell, Mr.W.E., salary of, fixed at 42750. per 12/31 annum Bulletin: Change in, suggested by Sec'y of Board, 9/21 voted down Changes in proof of forthcoming, 8/1 agreed to Circular re discounting of notes executed by directors or attorneys, to be oublished in forthcoming 11/23 issue of, Interlocking Directorates, opinion of Counsel re Attorney General's 9/25 opinion re, to be printed in, Notice re Index Digest authorized in9/25 serted in, 10/31 Proof of, approved Reports of earnings of FRBanks to 10/26 appear only semi-annually in, 814 993 305 116 750 332 330 544 503 Bureau of Engraving and Printing: Fallotes, letter re shipment of, from, a/c of congestion from accumulation 7/10 20 Bureau of Imports: Policy of, re imports from Mexico, stated by acting director tnereof 11/17 681 Burkhardt, Mr. has. A., elected director of Denver branch 11/23 748 Burlap, importation of, communication from State Dept. re, noted 9/20 302 Business Conditions: Advisory Council: Opinion of each member of, re, Report of, re, Grand Rapids Nat'l City Bank, report of, re 9/18 11/20 7/10 275 to 282 727 to 732 16 Business Conditions: FRBank of LC., report of, re, Philadelphia District, monthly report re, read; fuller report requested Waukesha N.B., report of, re, See also under Branch Banks, FRS. By-laws: "All new directors at branches chosen for terms of one year" to be added to standara draft of, ref. to Exec. Com't Redraft of, for use by branches of FRBanks, presented oy Gov. Harding; agreed to Calder Bill: Letter from President re, Letter from President MoGarrah of Mechanics & Metals N.B. of N.Y. favoring, discussed Letter from Gov. Strong re, Letter from Senator Calder re, submitted Resolution re, adopted Senate Barking cc Currency Com't to be advised of Boara's approval of, Comptroller advises Board of call and re any special questions they wish incorporated therein Copies of call for condition of state banks for use of PRBmnks, ordered Dates of and compilation of reports of state member banks, memo. of Division of Statistics re, ref. to Audit & Exam. Com't Suggestions and questions to be incorporated in next call 7/24 75 7/24 7/10 75 16 12/10 869 11/16 675 12/12 883 9/26 10/2 12/19 12/8 337 366 926 850 to 853 12/17 907 11/1 552 9/28 354 8/15 152 11/2 553-4 Canadian Bank of Commerce, S.F., letter from, re export of 4200,000. gold; advised to consult witn ruBank of 3.F. Canadian Bankers' Ass'U: Agreement of Board witn, re gold exports explained to Governors Conference of representatives of, with Board, minutes of, Conference of representatives of, with Board, minutes of, Gold exports of, Gov. Harding to write letter to, re, Letter from President of, re forms to be used in connection with gold export Letter to, proposed; no objection offered Views or representatives of, re export of gold to Canada Capital Issues: Priorities in, letter from Gov. Harding to Sec. of Treas. McAdoo re, read and discussed 8/8 128 11/8 593 10/29 515 10/29 525-6-7 11/13 648 11/7 583 10/31 541 10/29 518-9 12/24 955 Capital Stock: Application of Texas City N.B. to reduce its, approved National banks' requirements re, letter from Gov. Seay of Richmond re reduction of; also letter from Senator MoNary on same topid; ref. to Legislation ComIt 9/13 240 9/28 354 Case, Mr. J. R., appointment or, as Deputy Governor of FRBank of N.Y., ratified 9/28 551 "Cattle Loan Banks", letter from Federal Trade Commission re certain operations or, ref. to Comp. of Currency 11/9 615 10/31 541 Central Reserve and Reserve Cities: Buffalo, N.Y., designation of, as reserve city Central Reserve and Reserve Cities: Buffalo, N.Y., letter from Mr. Curtis of FRBank of N.Y. re designating, a reserve city; ref. to Mr. 7/31 Delano city, as of, reserve Status memo. from Mr. Warburg 12/17 re, noted Charleston, S.C., request for cancellation of, as a reserve 9/11 city, reported adversely to Status of, as, ref. 8/15 Mr. Delano as Chairman to ref. re, letter Designation of, 7/25 Mr. Delano 10/3 tabled of, Designation of, matter of, designation Grand Rapids, Mich., 10/31 as reserve city, approved as of, designation Tenn., Memphis, 10/31 reserve city, approved as of, designation Oakland, Calif., 1031 reserve city, approved at city made reserve Ogden, Utah, 7/11 own request that asking from, Letter its designation as reserve 7/16 city be revoked as of, Peoria, Ill., designation 10/31 reserve city, approved question re Letter from FBA Heath of retaining Peoria on 12/7 list of reserve cities, noted from letter of, on Redesignati Curtiss re question of, informally 7/19 discussed 10/2 tabled of, matter of, Bedesignation designating re committee Report of special 9/7 new reserve cities, tabled to consider com't Reserves in, special 11/20 and report re, as of, Toledo, Ohio, designation 10/31 reserve city, approved Central State N. B. of Memphis, letter from noted 8/27 106 908 224 154 79 375 541 541 541 29 45 541 644 67 365 213 726 541 139 Certificates of Deposit: Non-interest bearing, question of power of FRBanks to issue, to be exchanged with banks for gold certificates, ref. 10/5 to Law Cam't None-interest bearing, opinion of Counsel 10/12 re, noted 11/9 Opinion of Counsel re status of, Certificates of Indebtedness: Interim, letter to FRBanks from Mr. Crosby re, noted Mr. Crosby, letter from, re making of special interest-bearing, in connection with large taxpayers, ref. to special com't Faucher., Gov. E. RA, letter from, re, as collateral for FRNotesuGov.'s reply Matter presented to Advisory Council and Board Opinions of Governors re sale of, Report of special eam't re, in connection with largo taxpayers; copy of report to be sent to Mr. Crosby Short Term: Allotment of, Gov, to transmit telegram to all Maras re, FRBank of Dallas, letter from, re their subscriptions to pending issue of, ref. to Gov. 395 435 617 8/1 116 10/2 368 12/31 993 11/19 11/8 693-4 b86-7-8 10/24 489 9/12 237 9/13 241 ahamberlain Bill: Mr. Hamlin to report to Board re, Upon recommendation of Exec. Corn' t, Board voted to approve, 12/18 916 12/21 941 Charters: Letter from FRAgent Curtiss re sundry applications for National Bank charters 8/24 184 Chilian Government, memo. from, re exchange and deposit arrangement, and proposed reply, noted 11/1 549 XXVI Circulars and Regulations: American banks operating in foreign countries, memo. re policy to be pursued in connection with regula8/28 tion of, British Wavy censor re export of gold, regulations governing, to 10/30 be adopted by U.S. and coin re tions s regula Custom currency in hands of outgoing travelers, Mr. Strauss presented 9/21 draft of, on, checks re tions regula Banks, Enemy letter from Mr. Perrin re, ref. 10/17 to Counsel Foreign Exchange: Scope of proposed regulations re, points re, raised by Mr. 11/3 Strauss Gold Exports: Draft of regulations re, for issue as one of Board's regular 9/20 series, adopted 9/21 Proposed regulations re, discussed Regulations re, to be sent to reserve banks, suggestion of Sec'y of 13oard; no action 9/28 taken Issue of war loan certificates for large taxpayers, proposed circular re, 11/19 presented by Ur. darburg tilercantile Bank of the Americas, letter from, re Board's letter of regulations 9/26 Trading with the Enerly Act, preliminary draft of regulations to be issued 10/23 under authority of, 191 536 325 455 568 299 312 352 711 337 487 Citizens Commercial Trust Co. of Buffalo, letter from Comp. of Currency replying to Board's letter re certificates of deposit issued to, noted 11/9 616 Civil Service Commission, letter from, re disloyal employees, ref. to Gov. 8/21 160 Clayton Act: Application of, People's State Bank of Detroit, inquiry 7/26 of, re, disaassed, People's State Bank of Detroit, letter from, re, discussed; opinion of 8/1 Attorney General asked To State Banks and Trast Companies, opinion of Acting Attorney General 9/13 re, Applications: Clark, Messrs. Emory W., rd Henry W. Comfort, report of Com't #3 approving applications of, under, 12/24 Hall, Mr.H.F., of Fourth N.B. of Wichita, YATI., to make application in 12/12 usual way under, Johnson, Mr.R.V., of Washington, Va., recommendation to decline, ref. 10/3 back to Clayton Act °omit application of Roebliag, 9/18 approved Coman, Mr. E.T.t appointment of, under, 12/5 and Kern Amendment, approved No violation of, in connection with 12/10 Bank of Charleston, S.C. No further action necessary under, re directors of Continental & Commercial 12/12 N.B. of Chicago Permits under, annual renewal of, question of, 8/28 ref. to Counsel Provisions of, state member banks subject 7/17 to, opinion of J.P.Cotton Reports of Comit #3 stating action required in case of certain directors 12/17 under, approved Status of certain directors under, reports 12/19 of Coret #3 re, approved Status of directors authorized to serve under Clayton Act during current year, Com't #3 requested 12/17 to file formal report re, 91 115 242-3-4 954 891 376 284 828 866 892 196 47 910 925 911 Clayton Act: Status of state banks under, questionsre, to be submitted to Attorney General Substantial competition within meaning of, official letter to Gov. Rhoads re, 7/31 109 10/15 449 Clearing and Collection: Clearing: Bank of Stanwood, Wash., letter from Mr. Perrin suggesting Bank of Stanwood be permitted to Clear through FRBank of S.F., ref. 10/15 to Gov. n Letter from Gov. Wold re situatio 7/2 in Minneapolis District Clearing Operations: Advisory Council, opinion of each member of, re relations of 9/18 clearing operations to FRBanks Clearing System: Discussion of, by FRBoard and 11/8 Governors Collection: Balances to anticipate, letter re holding of, of items, sent out 7/19 to all FRBanks, approved Checks drawn on. non-member banks, 9/7 consultation re, Circular re, issued July 25, request of FRBank of St.Louis that circular renain in force, 7/31 granted Data re collection of maturing notes and bills, Gov. Harding's 149 suggestion re obtaining of, in of banks part Harch action an making collections, letter from Mr.W.B.Lancaster to President re, 11/15 ref. to'Como. of Currency re, Treman Gov. Letter from Deputy 8/2 ref. to Clearing Com't ing New Dept. of FRBank for collect notes and drafts, letter from FRBank of St.Louis re, ref. to 7/19 Clearing Com't 444 4 275 to 282 599-600 63 214 97 409 664 118 62 Clearing and Collection: Collection: Opinion of Counsel re, approved 8/22 for publication in Bulletin Par collection of checks at non-member banks, opinion 9/12 of Counsel re, Questions re, letter from Mr. Rhoads re, ref. to Clearing 7/31 Com't Service charges of non-member banks, power of Board to regulate, 8/23 ref. to Law Com't Transit items, direct sending of, to branch banks, letter re, 7/31 ordered circulated Collection charges: Wachovia Bank & Trust Co., letter from, re, ref. to Clearing 7/25 Com't Collection System: Desirability of extending present, suggested by Gov. Harding; 11/15 no action taken Development of, letter from Mr. Jay re, ref. to Clearing 7/31 Com't Further development of, letter 8/27 from Gov. McDougal re, Installation of, letter from Mr. Van Anrat re, ref. to Clearing 7/31 Com't Letter of Mr. Harding re, to all Governors and Reserve Agents, 7/25 ref. to Exec. Com't Letter from Er. Perrin re, ref. 8/1 to Clearing °omit 8/21 Opinion of Counsel re, circulated Steps re development of, discussed; draft of letter to Governors 7/24 and FRAgents re, read Texas bank to retire from FRSystem 9/18 a/c of, 174 238 97 179 97 83 664 110 188 97 78 115 161 73 266 Clearing and Collection: 11/8 Discussion of, by FRBoard and Governors F.R.Bank of Atlanta: . Policy of, in accepting checks for collection, letter from FRA Hardy 12/17 re, ref. to Com't #1 F.R.Bank of Dallas: Kinney, Director, letter from, re collection of cheeks; small Texas 9/18 bank to retire from system F. R. System, position of, re, 8/10 defined "Float", discussion of, by F.R.Board and 11/8 Governors Letter from Mr. Perrin re clearance throujh the bank by the Ass't Treas. of 12/3 U.S., noted Minneapolis District, letter from 7/2 Gov. Weld re situation in, Questions arising re collections 7/10 Northwest: Memo. by Mr. Delano re par 12/24 collections in, ref. to Come t 41 "Per item" charge, discussion by FRBoard and Governors re, Service charges re, matter of, to be taken up by Governors with their respective Boards of 11/8 Directors Clearing houses: "Credit Clearing House" of Philadelphia, letter from, ref. to Mr. Delano Ogden Clearing House Ass'n, letter of Mr. Perrin to, ordered circulated Clearing member banks: Advertising of, letter from Mr. Perrin inquiring re, and opinion of Counsel re, ref. to Gov. Cleveland-Akron Bag Co., letter from, re Indian exchange conditions 597 911 266 114 597 819 4 17 951 601-2r.3 600 7/25 83 7/24 73 10/15 444 7/2 3 Cochran, Mr. Thos. L., conversation of Gov. Harding with, re financing of certain bills, reported by Gov. Harding 11/14 Code: First N.B. of Boston, code book loaned to 7/31 Board by, returned Matter of Treas. of U.S. using Treas. telegraphic code in communications 10/3 with FRBanks, ref. to Exec. Com't Messages between FRBank of N.Y., and Bank of England, Chief Cable Censor ordered by Board to pass, 12/17 Navy Dept. advises code messages referred 12/18 to above will be passed Coin: Loss incurred in melting foreign, 7/10 shown Mutilation of, memo. of Counsel re law 10/4 as affecting, read Shipment of, ay mail to foreign countries 9/20 not to be permitted Shipments of, policy to be pursued with respect to, letter re, ref. to 9/18 Exec. Comi t Coin and Currency: Applications ror shipment of, through the malls, opinion of counsel re making of, presented Customs regulations re, presented by Er. Strauss In hands of outgoing travelers, customs regulations re, presented by Mr. Strauss 653 106 376 912 916 20 292 306 284. 10/12 434 9/24 325 9/24 325 Coin, Bullion and Currency: See also Currency Export: " " Gold Application of W.C.Laughlin for permission to, telegram from First N.B. of Nogales, Arizona, 10/18 re, acted upon 460 Coin, Bullion and Currency: E1port: Applications for permission to, acted 9/17 upon in numend.eal order Applications for permission to, and matters relating thereto, acted 9/18 upon 9/28 9/29 10/1 10/2 10/3 10/4 10/5 10/5 10/6 10/8 10/9 10/10 10/11 10/12 10/15 10/16 10/17 10/18 10/18 10/19 10/20 10/22 10/24 10/25 10/26 10/26 10/27 10/29 10/30 10/31 11/1 11/2 11/6 11/7 11/3 11/5 259 to 263 286 to 290 357-8-9 360-1 362-3 371-2-3 378. to 381 387 to 391 397-8-9 400-1 402,-3 404-5-6 414-5-6 419-420 428-9-30 431-2-3 441-2-3 450-1 452-3 458-9 461-2 463-4 473-4 476-7-8 495-6 497-8-9 501-2 509-10 511-2 513-4 532-3-4 537-8 547-8-9 558-9 575-6-7 578-9 565-6-7 569-70-1 Coin, Bullion and Currency: Export: Applications for permission to, anA matters relating thereto, acted upon 11/9 11/10 11/12 11/13 11/14 11/15 11/16 11/19 11/20 11/21 11/22 11/23 11/24 11/26 11/27 11/28 11/30 12/3 12/4 12/5 12/6 12/7 12/8 12/10 12/11 12/12 12/13 12/14 12/15 12/17 12/18 12/19 12/20 12/21 12/22 12/21 12/26 12/27 12/28 12/29 618 to 623 632-3 635-6-7 646-7-8 650-1-2 659 671 to 674 682-3-4 713 to 716 738-9-40 742-3-4 745-6 753 to 756 757-8 786 to 789 79a-1-2 804-5-6 809 to 812 821-2r.3 832-3-4 835-6 839 to 842 857-8-9 861-2-3 873-4-5 879-80-1 894-5 896-7-8 902-3 904-5 913-4-5 919-20 928 to 931 932r-3-4 943-4 948-9 957-8-9 964-5-6 967-8-9 985-6 Coin, Bullion and Currency: Export: Applications for permission to, and matters relating thereto, acted upon 12/31 Canada, conditions in, re, reported by Gov. McDougal 10/11 Despatches re, transmitted by Sec. of State, presented 10/18 Proclamation of President re, letter from Frost N.B. of San Antonio re penal clause in, ref. to Counsel 11/3 Shipments of, letter from Messrs. Handy & Harman re clearance of, to be replied to by Sec'y 10/18 Two deposits to be paia in gold, letter from Mr. Curtiss of Boston re 10/5 Collections: 987 to 990 430 469 566 462 399 See Clearing and Collections Collector of Customs at St. Albans, letter from, inquiring re permit for Shipments of Canadian currency to Canada 9/26 340 Cornea, Mr. E.T., appointment of, unaer Clayton Act and Kern Amendment thereto, approved 12/5 Combination of Safe: Surrender of, by Gov. Harding to See'y of Board; safe now empty Commercial Paper, maturities of, opinion re "based on livestock" in law relating to, Committees: Amendments to existing currency laws, work of special com't on, discussed Appointment of, by Gov. Harding Assignment of, deferred Boston Committee: Report of, approved 828 7/3 9 7/12 37 104 10/24 10/23 393 489-90 483 12/11 877 Committees: Currency and Coinage of the U.S. Messrs. Miller and darburg and See'y of Board as See'y to constitute special colet re, Exeoutive: Mr. Hamlin elected member for three months from Jan.1,1918 Named by Gov. }larding Quarters: Com't on, discharged. with thanks Law: Dividing of, Report of, by Br. Hamlin, to Board Law and Legislative: Adjustment of, suggested by Gov. Harding Legislation: Creating of, by dividing existing Cam't on Law Readjustment of all, ref. to Exee. Com't Readjustment of, presented by Gov. • Harding Reorganization of com't memberships, Gov. Harding to put before Board a plan re; revised draft tabled Reserve and Central Reserve Cities: Report of, laid on table Report of, tabled Conference of Governors: Letter from J.P.Curtis re proposed conference of Governors on Aug. 15, Board's and Treasury Dept.'s opinion re ' Letter to J.F.Ourtis re proposed conference of Governors; unfavorable Letter from J.F.Curtis re, Meetings of, proposed. resolutions re, • tabled Meetings of, resolution re, spread upon minutes 9/25 333 12/19 10/201 921 489 8/23 180 6/23 179 7/11 27 8/6 134 8/23 179 8/8 134 10/24 489-90 10/22 481 7/10 7/11 17 28 7/25 78-9 7/31 99 8/1 112 8/2 8/2 117 121 Conference of Governors: . Resolutions relating to proposed conference 8/1 of Governors, tabled 10/29 to be held Board, November 8th With 112 530 Conference with Ambassador H. P. Fletcher, of Mexico, Director of Mint Ray Baker, and Mr. McCarthy, re currency situation in me7ico 970-1-2 12/27 Conservation of funds, etc., memo. re, presented by Mr. Delano; resolution adopted 12/3 Sec. of Treas.'s reply to above 12/10 Resolution by Mr. Delano re, read 12/12 Control of Funds: 850 to 853 870 885-5 See Custody of Funds Corydon N. B., Corydon, Ind., reduction of cap stock of, recommended by Comp. of Currency 12/19 925 Credits: French short term, letter from Gov. Strong re renewal of, approved 8/28 194 Crenshaw, Mr. W. A. appointment of, as Accountant at F.R.Bank of Richmond, approved 7/17 51 12/19 941 Croghan, Mrs. 0. IL, transfer of, to Bureau of War Risk Insurance, authorized Crop Conditions: Minneapolis District, communication re, presented Northwest: Report of Mr. Rich re circulated Rich, FRAgent, letter from, re Crosby, Ass't Sec. of Treas., letter from, to Treas. of U.S. re purchase of 1-year Treas. Notes by FRBanks 1 7/24 73 8/6 130 145 8/10 7/3 See also Coin, Bullion and Currency Currency: Circulation of, in aexico, letter from Sec. of State to Sec. of Treas. re, 10/9 presented by Gov. Harding letter rolls, pay for s, Cost of transportin frau Mr. Perrin re, noted Method of increasing supply of sma31, 9/19 discussed by mail, shipped releasing, Methods of inquiry from P.O.Dept. re; 10/12 Board's action re Mobile, at shio board on now Release of, in favor of Anglo Mexican 2etro1eum Co., to be requosted of Customs 10/9 Division of Treasury Shipment of, by mail to foreign countries 9/20 not to be permitted Shipments of, method of handling, by Collector of Gustoms at Calexico, 1u/9 approved Shipments of, to Canada, FRAgent Curtiss 10/19 to submit weekly reports re, Supplying of, in Richmond District, letter from Mr. Hardy re, ref. to 8/21 Gov. Harding 9/13 Shipments of, policy to be pursued re, Currency (Canadian): Hold up on border by Collectors of Customs, stated by Governors; Gov. Harding to forward proper advice to customs authorities to avoid this in future Inquiry from St. Albans Collector of Customs re permit necessary for shipnents of, to Canada Shipments of, authority to make continuous, granted to American Express Co. Shipments of, reports from FRBank of N.Y. re licenses granted by it under authority vested in it by Board, presented Currency in Mexico: values of U.3.gold and silver currency in Mexico, letter from Zack Cobb, Collector of Customs, El Paso, re, read 416 783 293 133 416 306 417 464 160 234 11/8 594 9/26 310 9/20 309 10/2 373 12/13 917 Currency situation in Mexico: Conference with Ambassador li.P.Fletdher of Mexico, Director of the Miat,Ray Baker, and Mr. McCarthy, re 12/27 970-1-2 Custody of Funds: Joint, by FRBanks and FRAgents, letter from 7/3 FRA Perrin re, read Letter from FRBank of Dallas re method of establishing, ref. 8/21 to Mr. Broderick Present method of, at FRBank of Dallas, approved by Mr. 8/23 Broderick Letter from R.M.Gidney re,held by F.R.A. at N.Y., ref. to Gov. and Counsel 7/3 of Board 11 159 177 7 Custody of Funds and Securities: Joint, Mr. Delano's report re, and letter re, ref. to Gov. 8/8 130 Custody of Notes and Securities: Joint, Circular re, to FRAgents and banks 8/9 138 11/15 666 Dahl, Mr.G.M., Vice-President Chase N.B., application of, for himself and others, to serve as officers or directors of Amer. Foreign Banking Corp., approved 7/19 64 See also Gold Settlements Daily Settlements: Opinion of the Governors re, 11/9 624 Custody of paper, memo. of Mr. Broderick re method of, at FRBank of S.F., ref. to Com't 1E3 Day, Win. A., appointment of, Ass't Deputy Governor at S.F. advised by wire by Mr. Perrin; Board desires more information Letter announcing appointment of, Delano, Mr. P.A. Expenses of journey of, to N.Y. and from there to Pittsburgh, to be paid by Board Mr. Miller to act for, during absence of, Trip to K.C., re investigation re branch at Cincinnati, voted Denver N. B., purchase of stock of Amer. Foreign Banking Corp. autnorized to, Depositaries for Alien Property Custodian named Depositors' guarantee law in State of Washington, letter from Union Securities Co. re entrance into System,of banks under, ref. to Counsel 7/17 7/25 48 79 10/9 412 7/3 11 ./33. 98 12/11 12/12 876 dV2 12/26 12/28 12/31 961 979 992 7/31 110 Deposits: Acceptance of, from private bankers, memo. from Mr. Delano re, 12/24 ref. to Exec. Com't Demand: Views of Comp. of Gurrenoy re, noted 11/16 Deposits of gold to be made at FRBanks 12/5 on pro rata basis Government deposits in banks to be made preferred claims on such banks, 7/26 approved Government deposits, status of, at Seattle, conversation with representative of Ass't Sec. of Treas.'s 8/27 office re, reported 951 677 828 89 190 XL Deposits: Loss of, by savings bank in District No.12, through subscriptions to Liberty Loan, brot. to attention of Federal Advisory Council Losses in, circular of Comp. of Currency re, noted Postal: Opinion of Counsel re, approved Opinion of Counsel re, if reserve is required against, circulated Postmasters': Opinion of Counsel re, to be sent to Postmaster General Public: Acceptance of, by reserve banks, from local governments, letter from Mr. Perrin no, Letter from Iowa Loan & Trust Co. re, ref. to Gov. Savings: Classification of, memo. of Counsel no, discussed Mx. Harding's letter re, forwarded to FRBanks in general State member banks may receive on deposit post office funds other than postal savings deposited, voted Time: Conference no, asked by President of Wash. Loan & Trust Co. of Granted Wash., D.C. Views of Camp. of Currency no, noted 9/18 272 8/27 187 8/9 137 8/2 123 12/12 891 8/2 119 9/12 237 12/19 921 12/31 994 11/28 796 11/15 667 11/16 677 Depreciation on furniture, fixtures, etc. to be charged off prior to declaring dividends 12/5 at FRBanks Draft of letter to all FRBanks re above, 12/7 read by Gov. Harding 826 844 XLI See also Interlocking Directorates. Directors: Cincinnati Branch: All directors at, to be bankers, view 12/10 of Gov. Harding A. Chas. and Judson, Hon. Harmon, Hinsah elected Government 10/31 directors of, 11/15 W.S.Rawe, L.W., Manning, Messrs. and W.C.Proctor designated as 10/31 directors of, 11/15 Elected Denver Branch: Adams, Messrs. Alva, and Jahn Evans 11/21 elected directors of, Hanain, Mr., letter from, recommending former.Gov. Osborne as director of, and Gov.'s reply to sane, 8/2 noted Parks, Mr, C.C., letter from, re 9/4 directorships in Sawyer, FRAgent, letter from, re, 11/26 noted Parks, Messrs. C.C., A.C.Foster and Chas.A.Burkhardt elected 11/23 directors of, Thos. of letter of, Board of Size 8/2 C. Byrne re, Telegram re designation of fourth 7/26 director for, replied to Detroit Branch: All directors at, to be bankers, 12/10 view of Gov. Harding Com't on Operation of FRBank of Chicago to nominate directors to be designated by Board, 12/12 approved 12/28 Directors for, named Election of, at all FRBanks; results 12/21 noted in minutes Election of, period for, for FRBanks, 9/7 to be fixed 868 542 665 542 665 735 118 205 783 748 117 89 868 882 980-1 936-7-8 213 XIII Directors: F. R. Bank of Atlanta: Changes in Board of Directors of, and election of Sec. to Board, letter from Mr. Wellborn re, 10/15 noted general and at, directors in Changes conditions, stated by Gov. 12/7 Harding Gov. to attend meeting of, to be held 12/5 Dec. 13, Kitties, Messrs. P.R., and E. B. Stern, notice of election of, received 12/10 Meetings of directors of, advised, and representative of Board 11/5 invited to attend Toole, Mr. LH., resignation of, to 9/21 be asked F. R. Bank of Boston: Peters, Mr.A.J., resignation of, as 11/lb director of, accepted F. R. Bank of Chicago: Johnson, Massrs.E.I., and M.B. Hutchinson, notice of election of, 12/17 laid before Board Mr. from telegram for, ns Nominatio 11/14 McLellan of Chicago re, noted for elected James, Mr. Simpson, three years as director; Deputy 12/19 Chairman for one year F. R. Bank of Cleveland: Combs, Mr.Thos.A., report of Com't #3 re status of, as director 11/23 of, approved Wardrop, Messrs. Robt., and T.A. Combs, notice of election of, 12/10 received P. R. Bank of Dallas: Smith, Messrs. E.K., and J.J.Culbertson, election of, as directors, 12/14 announced P. R. Bank of Kansas City: Burnham, Messrs. C.E., and H.W.Gibson, notice of election of, 12/10 received 447 843 829 865 573 318 666 907 657 922 751 864 900 865 XLIII Directors: F. R. Bank of Kansas City: Election of, letter from Gov. Sawyer re method of notifying banks of forthcoming election of directors, ref. to 9/13 Counsel for of, election Ur.A.E., Ramsay, three years; FRAgent for one 12/19 year F. R. Bank of New York: Treman, Messrs. R.H., and W.B. Thompson, notice of election 12/10 of, received F. R. Bank of Philadelphia: Broadhead, Mr.J.D., resignation of, 12/14 as director of, noted Harrison,Mr.Chas.A., informally 12/28 elected director of, Results of election of directors 12/14 at, reported F. R. Bank of Richmond: Foes of directors at, report of 12/24 Com't #1 re, approved 9/7 Vacancy in directorate discussed Francisco: San of Bank P. R. Dohrmann, Messrs.A.B.C., and J.E. Fishburn, notice of election 12/17 of, laid before Board F. R. Bank of St. Louis: Board reminded of vacan4 on 7/10 Board of Directors at, Hill,Valker,and LeRoy Percy, notice of election of, received 12/10 Letter from Mr. Martin re choice of director for, ref. 7/24 to Exec. Com't P. R. Banks: Legislation re appointment of five additional directors at, discussed with Board by Sec. of Treas. but plan abandoned for 7/31 present 246 922 064 900 982 900 954 214 907 gc, 15 865 72 102 XLIV Directors: F. R. Banks: Letter to all, re election 9/8 of directors, authorized Louisville Branch: Announcement to press of four directors elected for, authorized 8/9 7/26 Directors ror, question of, tabled Haldeman, Bruce, informally 7/11 designated as director of, Hoge, Mr. Chas.E., elected as 8/1 director of, by Board Letter fran Mr. Martin re choice of directors for, ref. to 7/24 Exec. Comi t Montgomery, Mr.W.C., elected as director of, py FRBank of 8/1 St.Loui3.1 elected as Mr.Geo.W., Norton, director of, by FRBank of 8/1 St.Lauis Bodes, Mr.H.Clifton, informally designated director of, 7/11 Sackett, Mr.F.M., elected as director of, by Board 6/1 Trust Co. of & Chicago, Loan Merchants voted to allow directors of, to serve out terms not to exceed 7/19 one year directors of choice District, Minneapolis in, letter from FRA Rich re, ref. 12/10 to Com't t3 Omaha Branch: Size of Board of, letter of Thos. 8/2 C.Byrne re, Participation of member banks in election of, letter from Mraellborn re, noted 12/12 Pittsburgh Branch: All directors at, to be bankers, view of Gov. Harding 12/10 Gallery, Mr.Jas.D., elected director 12/12 of, Given, Mr.T.H. and Mr.J.H.Lookbard 11/21 elected directors of, Letter from Gov. Harding to Mr. T.H.Given4 re composition of directorate of, to be seat as 11/2 personal comaunication 216 137 84 26 113 72 113 113 27 113 66 870 117 883 868 890 734 561 XIAV Directors: Pittsburgh Branch: Notice of election of directors of, approved; notification 12/14 authorized letter from, Parshall, re appointment on Board of, 11/2 noted Vacancy in directorate of; matter 12/10 ref. to Cleveland Com't Portland Branch: Ambrose, Mr.VM., appointment of, to 12/31 succeed W.A.Day, approved s d E.F.Ame Ayer, Messrs.W.B.,an recommended as directors of, 9/20 by Mr.A.C.Miller W.B. and , Burke, Messrs. Thos.C. 9/25 Ayer named as directors of, 10/5 elected Strauss, Mr. Nathan D., for Recommendations of Board members filling vacancies in directorates of banks in charge, made special 9/28 order for Oct. 9 meeting on ees Recommendations of various Committ Operation of FRBanks re, whose terms 10/9 expire Dec. 31, 1917, of Bank l Relationghips of, of Marine Nationa Buffalo, memo. from Comp. re, ref. 11/2 to Comet #3 Seattle Branch: Ames, Mr.E.G., letter from, declining 9/25 appointment as director of, 10/5 elected .H., Mr.Chas Clarke, s E.G.Ame and C.E., Messrs. , Peabody recommended as directors of, 9/20 by Ur.A.C.Miller Ames Mr.E.G. and .E. Mr.Chas Peabody, (Government director) designated 9/21 Statement from Mr. Perrin re 9/21 suggestions as to directors for, Spokane Branch: 8/15 Forms of oath of, ref. to Counsel G.I. and Peter, McGregor, Messrs. Toevs, recommended as directors 7/10 of, by Mr. Miller 899 555 869 994 301 329 395 352 409 562 329 395 301 304-5 304-5 154 14 Directors: State member banks, opinion of Counsel re continuance of, after membership accepted, ref. Discussed and ref. to Counsel Terms of, to be one year; matter ref. to Exec. Com't 7/17 7/19 51 66 12/10 869 Directors, Class C: Acceptances of, as Deputy Chairman of 7/31 respective banks, read Class of designation Chairmen, Deputy C Directors as, of their respective 7/25 Boards Boston: of Bank R. F. Curtiss, Mr.F.H., elected for three years; redesignated PRAgent 12/10 for one year P.R.Bank of Cleveland: Wills, Mr.D.C., elected for three years; redesignated PRAgent for 12/10 one year P.R.Bank of Philadelphia: Harrison, Mr.Chas., suggested to fill 12/26 vacant Class C Directorship St.Louis: of F.R.Bank Boehne, Mr.J.W.„ elected for three 12/10 years Haldeman, Mr.Bruce, recommended to 7/11 fill vacancy Mooney, Nr.C.J.H., named as Class 8/2 C Director of, Directorships: Question of filling vacant, at FRBanks, briefly discussed 105 82 865 865 960 865 26 120 12/5 831 See also under Liberty Loan Discount Rates: of 1%. in, recommended by Advance of Advisory Council; Gov. to draft and 11/21 send telegram to all FRBanks 736 XLVII Discount Rates: Agricultural and livestock paper, 91-180 days,aN, approved All changes and recommendations made by Board recently re, approved and ordered printed in Bulletin Caml l paper,16-60 days,4Kapproved Com'l paper, 61-90 days, 5%, approved Commodity rate at all FRBanks to be advanced to equal comil paper rate Commodity rates at FRBanks to be suspended; discussion re, by Governors and FRBoard Discussion by Board re changes in, Discussion of, by Board Discussion re, by Board, and substance of conference with Gov. Strong stated by Gov. Harding F. R. Bank of Atlanta: Discussion re rates at, and certain rates approved Weekly sheets re, presented F. R. Bank of Boston: Gov.'s telegram re rates at, appreited Rates at, approved 12/3 820 12/5 12/3 12/3 824 820 820 11/2 563 11/8 11/26 10/31 594 780 546 12/3 813 11/26 7/24 781-2 75 12/11 12/3 12/12 877 818 890 F. R. Bank of Chicago: Rates named in telegram from Gov. 11/30 McDougal, approved F. R. Bank of Cleveland: Change in rates on paper of, 9/25 ref. to Exec. Com't Report re conformity of rates at, with recommendations of Board, 12/14 noted Requested to adhere to old acceptance rate at, until change could be 11/30 brought about at all FRBanks F. R. Bank of Kansas City: Change in rates on paper of, ref. 9/25 to Exec. Com't Discussion re rates at, and certain 11/26 rates approved 800 328 900 802 329 782 Milt Discount Rates: F. R. Bank of K. O. Rate of 3% on 15-day paper secured by Gov. obligations, disapproved and 11/26 % rate substituted F. R. Bank of N. X. Discussion of rates at; no action 12/17 taken 12/21 Rates at, ratified F. R. Bank of Philadelphia: 11/12 Approval of change in, at, given Discussion re rates at, and certain 11/26 rates approved Flat rate of 4% for com'l and commodity paper established by Board of Directors; matter ref. 11/7 to Com't #2 11/9 Rate of 4% at, ref. to =ea. Com't Rhoads, Mr., requests of, that nothing be done re changes in rates at, until Nov. 21, agreed 11/14 to F. R. Bank of Richmond: Discussion re rates at, and certain 11/26 rates approved F. R. Bank of St. Louis: Discussion re rates at, and certain 11/26 rates approved Rate of 44,5 for 61 to 90 days' 11/2 paper, approved F. R. Bank of S.F.: Discussion re rates at, and certain 11/26 rates approved 11/28 General discussion re, by Board General policy of FRSystem re, memo. 10/19 of Mr. Miller read and discussed Letter from Gov. Rhoads re rates on collateral notes secured by Gov. 4% bonds and 10/2 certificates, ref. to Law Com't Memo. of Mr. Miller re, ref. to Comet 10/24 #2 781 909 939 642 781 530 615 656 782 782 563 782 793-4-5 468 366 492 nix Discount Rates: Opinions of Governors re, stated Rates on paper secured by Governnent bonds, discussion re, Sheets showing, approved Warehoused agricultural products, letter from Sec. of Agriculture re, ref. to Gov. Weekly reports re, reading of, 11/9 625 to 630 11/8 7/19 594 63 8/21 7/12 8/2 8/21 8/23 8/30 9/13 9/20 10/12 10/19 10/26 11/16 172 34 119 161 177 201 240 299 435 467 505 676 Discounting: F. R. Bank of Chicago: Letter from Gov. McDougal re certain checks offered for discount by some banks in that 11/30 district, ref. to Gov. ys, attorne or Notes executed by directors report of Com't #3 re discounting of, by member banks, 11/23 approved letter banks, ber Paper made by non-mem from FRBank of N.Y. recommending 7/13 special arrangements re; tabled 7/13 Discussed 7/13 asked ion permiss Dallas, Security N. B. of by, to discount non-member bank 9/11 notes; ref. to Gov. Harding letter Boston, of Co. State Street Trust from, re discounting of collateral 12/28 notes, noted Dishonesty at FRBanks, memo. of Counsel transmitting proposed bill fixing penalties 12/12 for, ref. to Exec. Com't 801 750 41 42 44 221 980 883 Disloyal employees, status of, letter from Civil Service Commission re, ref. to Gov. Harding Disloyalty to Government, letter from Mr. Rich re, to Mr. Hamlin, circulated Disloyalty to Government in 9th FRDistrict, letter from Gov. Weld re, ref. to Gov. Harding Dividends: Depreciation to be charged off at FRBanks prior to declaring dividends Draft of letter to all FRBanks re above, read by Gov. Harding F.R.Bank of Atlanta: Dividend of 6%, to Dec. 31, 1917, approved Telegram from,annotmeing payment of its dividend F. R. Bank of Boston: Dividend at, from Dec.31,1915 to Dec.31,1917, approved F. R. Bank of Chicago: Dividend at, from July 1,1916 to Dec.31,1917, approved Dividend to Dec. 31, 1917, letter from Gov.McDougal proposing, ref. to Collet 111 F. R. Bank of Cleveland: Dividend by, from Jan.1,1916 to June 30,1917, approved F. R. Bank of Dallas; Letter from PRA Ramsey re dividend policy to be pursued by FRBanks, ref. to Gov. Harding Proposed dividend at, letter from FRA Ramsey re, discussed 47.-Nov.1,1916 to Dec.31,1917, ref. to Exec. Com't F. R. Bank of Minneapolis: Dividend at, ref. to Com't on Operation of Minneapolis bank 8/21 160 8/21 159 8/15 153 12/5 826 12/7 844 12/31 992 7/2 3 12/14 900 12/19 924 12/17 911 12/7 846 11/30 803 12/10 868 12/7 846 12/17 909 LI Dividends: F. R. Bank of Minneapolis: Dividends proposed at, considered at meeting of Dec. 17, ref. to 12/19 Exec. Com't Dividend to July 1, 1917, proposed by Mr. Rich, ref. to Exec. 12/10 Coet F. R. Bank of N. Y.: Proposed dividend by, ref. to 12/28 Gov. Harding a: Philadelphi F. R. Bank of Action of, in declaring dividend to June 30,1917, official notice 12/22 of, presented to Board 6% - Dec.31,1915 to June 30,1917, approved; also bonus for 12/7 employees F. R. Bank of Richmond: Declaration of dividend at, from Jan.1,1917 to Dec.31,1917, 12/19 approved Louis: St. of F. R. Bank 12/17 Dividend at, to be disapproved 30,1917, Dividend to June proposed by Mr.Martin, ref. 12/10 to Exec. Com't 12/31 approved , 4, to Dec.31,1916 San P. R. Bank of Francisco: - Oct.1,1915 to Jan.1,1917, 1/7 approved 12/28 dividend of, at, approved Letter from, re proposed dividend to stockholders, ref. to 12/11 Mr. Delano 73%, 924 871 979 945 845 922 909 871 992 846 979 876 Dockery, Ass't Postmaster General, request from, for appointment with Board, ref. to 12/3 Gov. 815 Doerr, Mr v application of, recommended by Clayton Act Comit, approved 529 10/29 LII Dohrman, Mr., of FRBank of S.F.: Mr. Miller wired Mr. Dohrman, suggesting that he visit Waahington for consultation Dollar bills, lack of subsidiary silver and, complained of by Director Saunders of New Orleans Dollar Exchange: Acceptance of drafts drawn in Costa Rica to create, by Battery Park N. B., N.Y., approved Acceptance of drafts to provide, letter to FRBank of N.Y. re, authorized Inquiry from H. B. of Commerce re dollar exclwrige drafts drawn on American banks in Cuba, ref. to Com't #2 Letter from Irving N. B. re countries to be added to list for purpose of furnishing, approved National Shawmat Bank of Boston authorized to accept drafts drawn by bankers in South and Central American countries for creation of, Philadelphia N.B. authorized to accept drafts drawn an it in Argentina, to create, in anticipation of wool movements Power to accept drafts drawn in Peru to create, granted Mercantile Bank of the Americas Drafts: Cuba: Informal assent to N. B. Commerce to accept drafts in Cuba Exchange: Report of Mr. Delano Transfer: Report of Me. Delano 9/28 354 10/31 542 10/26 505 12/21 940 7/2 6 8/15 155 10/19 469 12/21 953 12/22 7/11 7/11 945 29 29 12/10 866 of drawn re, re, Dudley, Mr. A.IV., AssIt FRAgent At Richmond, bond of, fixed at 10,000. 38 LIII Earntries: Draft of letter to certain FRBanks re payment of half their excess earnings to Treas. of U.S., approved Ednardsville, Ill., improper advertising of a bank of, letter from Mr. Martin re, and Gov.'s reply thereto 12/11 876 7/31 104 El Paso, Texas, proposed agency at, letter from 12/10 FRA Ramsey re, ref. to Gov. 870 Emerson, Mr.R.T., appointment of, at 41800. per 12/19 annum, effective Dec. 26, authorized 927 Endorsement on paper, change in form of, in hands of Reserve Agent, letter from Er. Perrin re, 7/3 11 Enemy bank balances: Two letters from Merchants Loan & Trust Go. of Chicago re, sent to Hon. A. Mitchell Palmer, Custodian 11/3 of Alien Property 567 Enemy banks: Regulations re checks on, letter from Mr. 10/17 Mr. Perrin re, ref. to Counsel 455 Equitable Trust Co., application of, for power to ship gold in order to create exchange, 9/11 read 221 Equitable Trust Co., letters re certain transactions of, ref. to Mr. Strauss 10/22 478 Evans, Mr. John, President International Trust Co., Denver, elected director of Denver Branch 11/21 735 Evansville, Indiana, bankers: Board to confer with committee of, 8/15 157 Evansville Clearing House Association: Representatives of, arguments of, not to designate Evansville a reserve city, stated 8/24 182 LIV Examinations: Acceptance of, of State banking authorities, letter from Mr. Curtis re, ref. to Com't on Operation of FRB* of 9/11 Boston By examiners employed by Clearing House Ass'ns, letter from Mr. Stoddard Jess 10/15 re, ref. to Com't on Audit and : Citizens & Southern Bank of Savannah, Gov. to designate two national bank examiners 10/26 to assist in exam. of, Clearing House: Corresp. re, in Seattle, ref. to 12/17 Exec. Com't Corresp. re, in Seattle, 12/24 presented by Mr. Miller Memo. of Mr. Broderick re, on the Pacific Coast, presented 12/5 by Mr. Miller ref. Telegram from Mr. Perrin re, 11/15 to Mr. Miller F. R. Bank of Atlanta: Report of Mr. Broderick re, 12/3 ref. to Com't on Operation F. R. Bank of Chicago: Acceptance of State bank exams., 10/9 letter from, re, F. R. Bank of Minneapolis, report re, 9/25 ref. to Com't on Operation F. R. Bank of St. Louis: Comments of Com't on Operation of, re Chief Examiner's report 12/5 re, noted Report of, transmitted by 11/23 Broderick, ref. to Er. Delano Filing of copies of, at branch banks, letter from Mr. Perrin and. memo. 10/2 from Mr. Miller re, Making of, under auspices of Board, letter from PRA Perrin re, ref. 11/26 to Com't #1 220 446 504 907 950 830 668 814 407 341 828 750 367 782 LV Examinations: Memo. of Mr. Broderick re, of state member banks, adopted in general; 8/28 minimum of one exam, per annum Pacific Northwest: Clearing House examinations in, Mr. Miller's letter to Er. 9/27 Perrin re, approved advising Perrin Telegram from Mr. against consolidation of exams. of Clearing House banks 9/27 in, tabled exams., letter House Clearing Portland: from PRA Perrin re taking over of, 9/25 tabled S. F. District: Mr. Broderick's plan for 10/19 special exams. in, approved State bank examinations: Acceptance of, letters from Gov. Wold and PRA Austin re, ref. 9/18 to Audit & Exam. Div. Acceptance of, at San Francisco, letter from Mr. Perrin re, sent to Mr. Broderick for expression 9/25 of his opinion State re Curtiss PRA Letter from bank examinations in New England 9/14 ref. to Audit & Exam. Com't State examinations in Connecticut 9/25 approved State examinations of state banks, memo. from Mr. Broderick re acceptance of s/a one such sufficient Twelfth District: Letter from Ur. Perrin re Clearing House examinations 10/24 in, ref. to Com't 41 Wellborn, FRAgent, letter from, re question of accepting exams. of State banking 9/20 depts., ref. to Audit and Exams 198 346 346 336 468 265 331 248 330 131 493 300 Examiners: Appointments: Augherton, Geo.A., appointment of as Ass't Examiner, approved 8/21 158 LVI Examiners: Appointments of Nam"! inton, J.R., approved Heron, James F., approved Horn, Mr. Chas.F., approved McBride, Mr.E.B., approved Malerkin, Granville M., approved McLean, Chas. A., approved Mr. Wellborn to appoint additional examiner to make examinations of applying state banks Wotan, Claude S., approved Mr. Brennan, desire of, to leave service shortly, stated by Mr. Williams Dorsey, R.J.C., salary of, increased New York District: Mr. R. M. Gidney approved as special examiner in, Salaries of Boyd, Chas. E., fixed at .42400. per annum Broderick, Chief Examiner, salary of, fixed Certain national bank examiners, recommendations Of Acting Comp. of Currency re, approved Collier, Richard H., approved at 44500. per annum Duane, Win.J., approved Foster, Harry M., approved at 42400. per annum Harris, Thos.E., approved at 112400. per annum 8/21 8/21 12/7 10/19 8/28 7/24 158 158 847 468 193 71 10/26 8/21 505 171 10/24 10/12 491 438 9/25 330 8/24 185 12/28 975 10/15 445 9/18 7/31 267 107 9/11 22/1 9/4 207 735 11/21 Higgins, Elmore F., from 45500. 9/18 to 46500. per annum approved at approved Mr.R.M., Johnson, 12/24 g2400. per annum at approved Chas.R., HUehins, 8/9 2400. per, annum in s advance ners Rxn-Thi National Bank 8/23 salaries of, approved from letter Examiners, National Bank Comp. of Currency proposing increases for, ref. to Staff 8/22 Cam't 267 954 137 178 176 Examiners: Salaries of ' Patton, L.H., approved at 42700. per annum Sawyer, Louis M., report of Staff Comit re, approved Schechter, advanced to 43300. per annum Sherwood, approved at i'3300: per =num Wiiliaas, Thos.N., fixed at g3600. per annum San Francisco District: Mr.C.S.Loveland designated as special examiner in, Spokane, letters from FRA Perrin re designation of examiner at, tabled Transfer of Elmore F.Higgins from Chicago to Atlanta District, approved Exchange: Indian: Letter from Cleveland-Akron Bag Co. re, 11/1 550 7/10 18 11/19 700 7/18 60 12/7 847 10/26 506 9/26 336 9/18 267 7/2 3 Exdhange charges: 2hos.L.Jones Co., Louisville, Ky., letter to, in connection with their complaint of, approved 11/12 Right of Board to regulate exchange charges made by non-member banks, letter from Ass't Attorney General re Counsel's letter re, discussed and ref. to Exec. Com't 12/10 Shelby Vinegar Co., complaint of, re, ref. to Com't #1 11/2 Exchange negotiations with Lord Reading and Others, corresp. from Mr. Strauss re, ref. 642 870 554 12/5 829 12/3 820 9/22 316 Executive Folders: Memo. of Sec. of Board re present practice as to, noted Exports Administrative Board, letter from, re prospective gold exports, read LVIII Failure of banks in Seattle: Letter from Mr. Perrin re Checks an failed banks 8/28 198 Fall, Senator: memo. re application of, for approval of New Mexico bonds as basis of loans at FRBanks, ref. to Com't on Law 7/12 38 10/24 493 8/28 192 11/7 581 12/6 837 10/31 545 11/20 724-5 Farm Land Banks: Deposits of, legally made in FRBanks, opinion of Counsel re, approved Notes given by, ruling of Mr. Perrin re, approved Farmers Deposit N.B., Pittsburgh, Pa. Sundry directors of, advised they must file application for consent to act in interlocking director capacities Federal Advisory Council: See Advisory Council F. R. Act: See also Sections. Amendments to, discussion re, Amendments to, special meeting to be held Nov. 1 for discussion of, Banks uninformed re, stated by Mr. Fleishhacker before Advisory Council and Board Defect in, statement of Ass't Attorney General Warren re; Counsel to correct Opinion of Counsel re amendment to Sec. 11 of, ref. to Com't #3 Section 22: Statement of Mr. Breckenridge Jones re; Counsel to prepare redraft of Sec. F. R. Agents: See also names of agents " under Staff of FRBanks. Acceptances of Messrs. Ramsey, Wills and Hardy,presented 12/10 867 12/19 924 12/10 867 12/26 960 LIX F. R. Agents: Acceptances of, to act as Deputy Chairmen of respective banks, read 7/31 Applications for designation as, telegram from PRA Perrin re, ref. to Exec. Com't 9/25 Assistants to Bonds of, letter from Mr. Hardy re, 7/31 Bonds of, letter suggesting uniform 450,000., to be sent to all FRBanks 7/18 Bonds of, matter of fixing, at 450,000., tabled 7/17 Bands of, rates of premium on, telegrams re, noted 8/21 Bonds of, rate an, memo. of Board's Ass't Counsel re, ref. to Gov. 8/22 F. R. Bank of Atlanta: assistant at, at 44800., ref. to Atlanta °met 12/28 F. R. Bank of New Orleans: assistant at, at .7,3600., ref. to Atlanta Com't 12/28 Hall, C.C., appointment of, approved 7/2 Han, C.C., bond of, for 0100,000., approved 7/13 Heath,FRA, letter from, inquiring re appointment of new assistant FRA 9/20 Lies, Mark A., Chicago, appointment of, approved 12/31 McLallen, Mr.W.P., Chicago, appointment of, approved 12/31 Martin,FRA, letter from, asking if assistant should act as member of Exec. Com't, answered in negative 8/9 Mosher,Mr.C.R., Minneapolis, appointment of, approved 12/31 105 329 110 56 48 160 176 982 932 4 39 302 991 991 136 991 F. R. Agents: Assistants to Powers of, letter from Mr. Perrin 12/12 re, ref. to Goet 43 Relative rank of, inquired by Mt. Rich, and Gov.'s reply to 8/1 same, noted Report of Cam't 43 re duties of, 12/24 ordered sent to Mt. Perrin Voted that Ass't FRAgents be elected for one year upon 12/10 nomination of FRAgont from, Wills, FRA, Cleveland, letter re appointment of assistant, 10/23 approved Bonds of, inquiry re date of effect of 7/24 new bonds and release of old bonds 7/31 Letter from Mr. Hardy re, Letter of Mr. Perrin re, ref. to 7/31 Gov. for reply Letter suggesting uniform ;;100,000, 7/18 to be sent to all FRBanks Matter of fixing, at $100,000, 7/17 tabled 8/24 Rates on, discussed Election of, at all FRBanks; results 12/21 noted in minutes Joint liability provisions of FRAct amendments, letter from FRAgents 7/17 re operation of, discussed Representatives of, at branches; letter addressed to FRAgonts re functions of, approved and ordered transmitted 11/30 F. R. Agents as Fiscal Agents: Expenses of, Sec. of Board to secured data re, F. R. Agents' Fund: Sec. of Board 115 954 865 482 76 110 106 56 48 194 936-7-8 56 802 10/19 470 7/12 34 12/10 871 Audit of, report of, by F. R. Bank of Atlanta: Action in designating its Chief executive officer as President, not to be ratified by Board at present 883 F. R. Bank of Atlanta: Advices said to have come from officers of, re methods of securing large rediscounts, presented by Gov. 9/14 Harding Banks' tendency to renew their 15-day notes, letter from Mr. Wellborn re, ref. 9/12 to Investments Oom't Conditions at, discussed; Gov. to attend next meeting of directors of, to 12/5 ascertain facts more fully Conditions existing at, stated by Gov. 11/9 Harding Group insurance for employees of, 8/8 report of Com't re, Joint liability of, and FRBamk of Dallas, letters of Mr.Bamsey and Mr.Wellborn 7/10 re, presented Letter from Director Kettig suggesting conference rith FRA Wellborn; Oct. 9/28 - 1 set for conference Made of computing discount at, letter from First N. B. of Rome, Ga., re, 12/10 noted Notes of insurance agents presented by local banks for rediscount, letter from Mr. Wellborn re, ref. to Gov. 9/12 Harding Open market rate of, memo. of Mr. Broderick re, circulated Open market rate at, memo. of Mr. 8/9 Broderick re, approved system of dividing, charges, Overhead between MBank of Atlanta and New Orleans branch, explained and ref. 7/27 to Gov. Memo. from Mr.Broderick re, ref. to 8/ 1/ 21 of Mr.Broderick re, Report Gov.Harding8 8/21 tabled i's, Broderick Report of Mr. 8/23 10/15 adopted re, Broderick Plan of Mr. Service charges, reported deficit in, 7/17 ref. to Com't on Clearing- 247 236 829 616 133 15 354 870 236 131 136 92 134 158 175 177 448 53 LXII F. R. Rank of Atlanta: Statements of borrowers, corresp. re, between FRBank of Atlanta and First N.B. of 8/15 Lavonia, Ga., discussed Titles of"Governor"and"Deputy Governor" voted changed, by amendment to by-laws, to "President" and"Vice10/15 President" respectively Ga., resignation Toole, W.H., of Winder, 9/24 of, to be asked for Board's instructions re resignation 10/3 of, complied with Vaults at, letter from, re, ref. to 9/20 Com't on Operation of same Bank Letter from Mr.Wellborn re, 11/19 ref. to Gov. 11/15 Plans for, noted Typo of, to be constructed at, 10/26 memo. re, F. R. Bank of Boston: Letter from, re heavy rediscounts secured by GovernAents obligations at that Bank, read Personnel of, informal discussion re, Southern New England Telephone Co., Gov. Harding to write Boston bank re paper of, and paper of general public utilities companies F. B. Bank of Cleveland: Loan to City of Cincinnati (ji700,000.) disagreed to by Board Statement of member bank acceptances of, omitted owing to pressure of work; approved F. R. Bank of Dallas: Ass't FRAgent for, appointment of Jester as, ratified 153 447 318 576 302 698 667 504 12/6 10/29 837 530 9/13 240 0/2 121 11/30 802 7/17 49 LXIII F. R. Bank of Dallas: Joint liability of, and FRBank of Atlanta, letters of Mr. Ramsey and Mr. Wellborn re, presented Letter from First N. B. of Albuquerque, N.M. re its transfer to some other district Salaries at, and bonus policy adopted by, letter from FRA Ramsey re, ref. to Comet #1 P. R. Bank of Kansas City: Board of Directors of, inquiry re reorganization of, contemplated Discount methods adopted at, letter from U. S. N.B. of Denver re, ref. to Comtt #2 Reserves: Gov. to write to Gov. Miller of, re maintaining reserves at about average level F. IL Bank of Minneapolis: Letter from, re action of postmasters, noted F. R. Bank of New York: Acceptances: Letter from, stating that bank is now disposing of its acceptances Bank of Italy, negotiations with, letter from Gov. Strong re, ref. to Gov. Harding Certificate of deposit for tan million dollars in favor of, held by Mr. Warburg for safekeeping Curtis, J.R., letter to, re proposed conference of Governors, approved; Board and Treas. Dept. not in favor of such conference Depreciation and reserve policy of, letter from Sec. Curtis of, re, Discounting non-member bank paper, letter from, re, recommending extension of time on special arrangements; laid on table 7/10 15 11/23 749 12/10 870 7/31 98 12/12 892 8/23 180 10/29 8/2 514 123 8/10 143 10/17 456 7/31 99 12/22 946 7/13 41 F. R. Bank of New York: Financing of large corporations, letter from Mr.J.F.Curtis re, discussed by FRBoard and Governors 11/8 Gold, accumulation of, in district, 8/21 letter from Gov. Strong re, Letter from R.M.Gidney re method employed by, in maintaining reserves against notes and 7/3 deposits Member of Ibtec. Cam't, fee of 420. for, letter from FRBank of N.Y. suggesting, approved 3/10 Practice or turning in collateral endorsed in blank and taking general receipt from bank, satisfactory to Board, report of Com't •i13 re, presented; 12/26 formal report called for 962 F. R. Bank of Philadelpnia: Atlantic City warrants, request for permission 3/6 to take 4125,000. of, granted 124 Er. Austin advised that Board would be glad to have him remain as FRAgent for period of war Letter from, re earnings of that Bank, ref. to Cim't on Operation of the Philadelphia Bank New building for, letter from Gov. Rhdads re, noted Quarters for, letter from Gov. Rhoads re, discussed Purchase of Horner Bldg. authorized, letter to Mk. Warburg re, noted Gov.Rhoads, letter to, re Clayton Act, to be sent out officially Situation and appointment of Gov. at, reported by Mk.Warburg P. R. Bank of Richmond: Currency needs in district, supplying of, letter from Mr. Hardy re, ref. to Gov. Harding 296-7 159 6 144 10/24 494 12/6 837 12/5 825 7/11 31 12/7 849 10/15 449 12/26 960 8/21 160 F. R. Bank of Richmond: Conference with Board, committee from FRBank of Richmond to visit Washington soon for, Gouverneur, M.P.H., resignation of, as director of, accepted Quarters for, resolution of Board and conference with Gov. Sew re, F. R. Bank of St. Louis: Collection circular issued July 25, request that circular remain in force granted; other FRBanks advised re, Collection department for, letter from, re, ref. to Gov. Harding Collection of notes and drafts, letter from, re new dept. of FRBank for, ref. Mooney, C.P.J., acceptance of, as director, noted F. R. Bank of San Francisco: Appointment of Acting FRAgent during absence of Mr. Perrin, letter from Ur. Perrin re, ref. to Mr. Miller Ass't Deputy Governor, matter of, ref. to Gov. Harding; salary of 45000. for proposed officer approved Wm. A. Day proposed as; more information desired by Board Branches of, proposed by-laws for, presented Building for, letter of Mr. Perrin no, By-laws of, changes in, in re time of stated meetings of Board of Directors, approved Custody of paper at, memo. of Mr. Broderick re method of, ref. to Cam't 43 Mr.Dohrman, wire of Mr. Miller to, suggesting to Mr.Dohrman that he visit Washington for consultation, reported by Mr.Miller 9/11 225 7/17 53 9/13 239 7/31 8/21 7/19 97 161 62 8/27 187 12/12 892 7/18 59 7/17 48 7/10 7/10 14 13 10/9 408 11/15 666 7/12 38 LXVI F. R. Bank of San Francisco: Governorship of, telegram from Mr. Perrin re, presented 7/12 Lynch, James E., selection of, as 8/8 Governor, approved McLean, Chas. A., designation of, as . examiner in connection with applications for stock in, approved 7/24 Permission granted, to furnish copies of reports of examinations of national banks in Spokane territory to Spokane Branch Manager 8/28 Quarters for, Mr. Miller's inquiry re possibility of MBank of S.F. obtaining quarters in future in Sub-Treasury 7/31 Mr. Miller to report re, while on Pacific Coast; mmrimum expense to be 4500,000. 8/8 Rates of discount at, approved 10/17 Space for future expansion of, letter from Mr. Perrin re, 12/17 U.S Securities, loss or depreciation on, to be carried on books of, approved 7/24 Views of Board no investment in site and building for, to be expressed informally to Mr. Perrin 12/19 Ahr finances, suggestions of State Council of Defense in Cal. re, letter from Mr. Perrin no, circulated 8/21 F. B. Banks: Directors of, Mr. Miller's opinion no, Earnings of, draft of letter to be sent to certain FRBanks no payment of one-half their excess earnings to Treas. of U. S., approved 37 128 71 195 103 133 456 907 74 926 160 7/18 58 12/11 876 LXVII F. R. Banks: Foreign gold coin: FRBanks should be given option of buying, opinion of Board Instructions to, Treasury Dept. to route instructions to, through Board Letter of caution re giving statements to press affecting general policies of System, to be sent to all Report of condition of, as result of Mr. Broderick's recent visit Salaries at, letter from FRA Hardy inquiring what action had been taken re, 7/10 7/19 61 10/15 448 8/22 174 7/3 10 F. R. Board: Authority of, question re, ref. to 9/4 Counsel Board's regulations and conditions of operation accepted by American Foreign BarLing .Corp. and the Mercantile Bank of the 9/18 Americas Governor of, appointment of W.P.G.Harding 8/21 as, by President Meetings of, Changes in hours and days for, matter of, made special order for Oct. 9 10/2 Days and time of, decided upon 10/9 To be held at 11 A.10.. instead of 3 P.M.beginning Dec. 5 12/3 Members of, agreed that no votes from, to be called for during open sessions at which Governors of banks are to 11/15 be present Private telephone lines of, cost of, 7/24 MEMO. re, ref. to Mr. Warburg Quorum necessary at meetings of, opinion of Counsel re ref. to Com't on Law 9/13 Minimum number constituting 10/17 quorum, opinion of Counsel re, 207 285 172 369 407 813 665 74 g45 456 LXVIII F. R. Board: Rules of, change in, re quorum at meetings, ref. to Counsel Rulings of, for F. R. Banks, re gold Shipments, adopted Vice-Governor of, appointment of Paul M. Warburg as, by President 9/4 9/19 296-7-8 8/21 172 F. R. Notes: Acceptance of redeemed FRNotes at New Orleans, report of Com't 43 11/15 re, approved coming during for, needed Amount of paper year, memo. and aorresp. re, ref. 9/18 to Comp. of Currency letter Bureau of Engraving & Printing, from, re number of notes during 7/13 1919 from shipment Letter re early Bureau of Engraving & Printing 7/10 a/o congestion from accumulation regulamaking of method Changing present 12/3 tions for issuing of, ref. to Gov. of FRBahk Seay Cost of, letter from Gov. of Richmond re; Gov. to hand corresp. 12/5 to Ass't Sea. of Treas. Moyle Currency of by Comp. FRNotes Delivery of upon certification, resolution re, 12/12 adopted FRAgent from ThrIy shipment of, letter 8/27 Wellborn re, ref. to Gov. Harding Exchange of, for gold, matter of, trans10/31 ferred to Exec. Com't New "York: F. R. Bank of Issue of 4,000,000 of notes 9/7 for, approved Recommendation re figures and letters on FRNotes, ref. to 7/25 Mr. Delano Philadelphia: Bank of F. R. Request from, for deposit of 41,000,000 in Gold Settlement 9/10 Fund 205 669 283 40 20 816 825 384-5 189 546 211 81 218 L7J.X F. R. Notes: P. R. Bank of Richmond, shiproant of 41,100,000. FRNotes to, approved 8/7 Forms of application for issue of, presented by Sec. of Board and approved 10/22 Issue of, for payment against gold certificates credited to Gold Settlement Fund, arranged for 9/11 Issue of, to Savings Banks, suggested 9/18 amendment re, without regard to serial numbers, 7/2 letter from Er. Wellborn re, New Orleans Branch: Shipment of FRNotes to Atlanta or placing with Ass't Treas. at New Orleans for credit, letter from Mr.',7ellborn re, ref. 10/15 to Qom't on Issue and Redemption Omaha Branch: Shipment of, in reply to telegram, authorized 8/31 Paying out FRNotes, letter from Gov. 8/27 Faucher re, noted Preparation of, by FRBanks, to be given 11/9 their consideration Printing of, Letter from Director Ralph re, and suggested reply, ref. to Mr. Delano 7/17 Outside of Bureau of Ltgraviag and Printing, memo. filed by gr. Narburg opposing, 12/22 Printing order: FRBanks to look into matter of fresh note printing order to be placed with Bureau of Engraving and 11/8 Printing Receipt of, into National Bank Redemption fund, Mr. Hamlin's report re, 8/28 Shipments of, report of Com't on FRNote Issue re giving early notice of future shipments, approved 9/25 Substitution of, for gold certificates, report of Treas.'s desire re, 9/5 126 480 219 272 5 417 203 189 625 53 946 613 194 332 209 F. R. Notes: Supply of, in vault, report of Con't re, presented 10/21 F. R. System: 10/31 Discussion of policies of, by Board toward, attitude banks' Ohio national letter from Sup't of Banks of 11/2 Ohio re, entering, Banks Savings to Opposition 9/18 Mr. Wing expresses, of letter joining, State institutions President of U.S. re, to be sent to all 10/15 FRAgents check of a/c from, retire Taxas bank to 9/18 collection system of Board Federal War Loan Bank: Creation of, memo. prepared by Mr. Warburg and addressed to Sec. of Treas. re, read 494 546 556 272 448 266 11/1 550 8/15 914 9/20 10/29 11/7 12/24 147 3)6 301 530 581 953 7/3 12 10/24 489 l0/5 396 7/3 12 11/28 796 7/3 12 Fiduciary Powers: Applications for, approved Application of Casper N.B., Casper, Wyo., for, approved Citizens N.B., Mansfield, Ohio, for, approved City N.B., Metropolis, Ill., and others, for, approved Farmers N.B., Colfax, Wash., for, approved First N. B., Manchester, Ia., for, approved First N.B., Philadelphia, for, approved LXXI Fiduciary Powers: Application of Lee County Bank of Marianna, for, approved National State Capital Concord, N.H., for, approved Norfolk N.B., Norfolk, Neb., for, approved Vermont N.B., Brattleboro, Vt., for, approved Applications for, disapproved Applications for held Application of Washington N.B., Washington, La., for, held Applications for, refused Granting of, to national banks in N.Y., letter from Rabenold & Scribner re, ref. to Gov. and N.Y., opinion of Minnesota in Counsel re, ref. back for written opinion of Ur.J.P. Cotton to national banks in Minnesota and N.Y., ref. to Attorney General Governor to ask President for submission of matter to Attorney General Opinion of Attorney General re, entered in minutes 7/17 52 11/1 550 9/7 214 11/9 616 9/4 2)6 7/3 8/15 94 / 9 20 10/29 l7 12/24 12 148 206 301 529 581 954 9/7 214 9/20 11/7 301 581 7/27 93 10/24 491 10/31 544 11/2 555 12/3 815 Fiduciary Powers: Report of Coult an Trustee Powers, in process of preparation Ruling of State authorities in Illinois re exercise of trustee powers by national banks, ref. to Law Can't 7/3 10 9/25 333 11/26 781 9/25 334 10/5 395 Financing public utilitiescmatter of, presented 11/19 to Advisery Council and Board 696 Financing of large corporations, letter from Mr. J.F.Curtis of FRBank of N.Y. re, discussed by Board and Governors 396-7 Fifteen-day paper: on, F. B. Bank of LC.: Rate of secured by Gov. obligations, disapproved and 3-0 substituted Opinion of Counsel re right of FRBank to renew, of member hanks, approved Renewal of, report of Investments Com't re, by FRBanks, to be printed in next Bulletin issue 11/8 First Joint Stock Land Bank: Memo. of Counsel re opening of account by FRBank of Chicago 12/19 for, ref. to Gov. Harding 923 First N. B. of Albuquerque, letter from, and from FRAgent Ramsey re transfer of the bank to another district (11/23 (12/3 749 819 First N. B. of Harrisonburg, letter from, re conversion of large legal tender notes into one dollar bills, ordered investigated 9/13 211 12/10 870 First N. B. of Rome, Ga., letter from, re mode of computing discount at Atlanta, noted LXXI I First N. B. of San. Mateo, County, Redwood City, Cal., reduction of capital stock of, approved • Fiscal Agent: Secretary of Board authorized to sign checks for, Secretary to sign checks in absence of, 9/18 265 12/28 10/9 983 409 Fiscal Agents, FRBanks as, opinion of Counsel re relation of, to FRBoard, and method of treating their expanses in connection therewith, ref. to Law Com't 10/17 454 Fleming, P.E., acceptance of,noted 119 8/2 Food Administration Grain Corporation: Opinion of Counsel re loans to, ref. to Gov. for discussion with Comp. of 9/20 Currency Recomuendation of Federal Advisory Council 9/18 re effect of Sec. 5200 on, Food conservation, letter from Mr. Hoover re, ref. to Mr. Hamlin Foreign agencies, accounts, etc. See also Branch Banks, Foreign. See also names of foreign banks. American banks organized to do business in foreign countries, memo. re, Letter of regulations to, approved Argentine: Memo. of Mr. Strauss re, ref. to Exec. Com't Banco de la Naaion of Argentine, relationship between, and FRBank of N.Y., publication of statement of, recommended by Assit Sec. of Treas. Matter ref. to Gov. Strong of N.Y. 7/10 3100 271 , 16 8/28 197 8/30 201 12/28 982 9/7 212 Foreign agenoies, accounts etc. Bank of Italy, designation of, as foreign cotresp. of MBank of N.Y. approved by Board subject to approval by Comp. of Currency Matter of agency relations with, ref. to N.Y. District Com't ilarik of Japan: Designation of, as foreign agent, letter from Mr. Curtis re, ref. to Exec. Com't Question of appointment of, as agent of FaSystem, ref. to Exec. Com't Credits - French short tern, letter from Gov. Strong re renewal of, approved France, discussion re designation of bank in, to handle dealings with American soldiers Montevideo, Republic of Uruguay: Application of National City Bank to constitute its sub-branch at, an independent branch 8/28 192 9/4 205 12/31 994 12/28 974 8/28 194 7/10 24 12/3 817 9/20 302 Foreign countries, banking facilities in, letter from Senator Owen to Sec. McAdoo re, read 11/1 by Mr. Harding 549 Foreign element, alleged hoarding by, letter from Mr. Wills re, circulated 129 Japanese banks in foreign Foreign Banks: countries, communication re progress of, noted Foreign branches See Branch Banks, Foreign. s/a See also Pompeian Oil Co. Foreign exchange Banque de Paris de des Pays-Bas, letter from, to Sec. of Treas., offering its services in exchange operations, 11/15 noted 666 Foreign exchange: Brazil and Spain: Letter from Mons Grimprel re certain exchange conditions in trade between, read and noted 11/1 Calcutta: Letter from mArsball Field & Co. re, read 10/22 Chile: Dispatch from State Dept. re, tabled 10/27 Memo. of Mr. Strauss re, ref. to Exec. Come t 12/28 Proposed plan for arrangement with Chile, re exchange, satisfactory, reported by Mr. Strauss 12/8 Report of Mr. Strauss re outlook for arrangements for exchange on, 12/6 Conditions re, proposed reply to Senator Owen re, presented by Mr. Strauss 11/9 Control of, proposed plans for, read by Mr. Strauss 11/2 General conditions re exchange on neutral countries, stated by Mr. Strauss 11/3 Government's policy re, letter of FRAgent Curtiss re, read India: Dismission by Gov. Harding re, 7/10 / 910 4 Ingersoll & Co., R.A., letter from, re, noted 11/2. India: Telegram from National Bank of Republic re, 10/16 Japan: Communication from Japanese Government re, ordered circulated 10/18 Java: Report of Mr. darburg re Java sugar situation and question of providing exchange based thereon 9/18 Telegram from Bank of Java re general conditions of exchange in Java, submitted 9/14 1.1r.F.I.Kent to be appointed Foreign Exchange Advisor to Board 11/26 549 478 512 982 859 836 623 560 568 201 21 555 451 462 . 286 264 785 Foreim exchange: Mexico, letter from Mr. B. Singer of Chicago re, to be replied to by Sec. Montevideo: Cable from, re exchange, presented by Mr. Strauss New regulations re, mentioned by MX. Strauss Peruvian: Report of MX. Strauss re, Proposed regulations re, questions re scope of, raised by Mr. Strauss Purchases of, instead of shipments of gold, results of conversation with Ass't Postmaster General Dockery re, reported by Mr. Strauss Regulations for control of, question re, ref. to Exec. Com't Report of informal committee of bankers re 10/19 465 12/15 903 11/26 12/6 759 836 11/3 568 12/6 836 12/7 843 9/13 9/14 Report re, by Gov. Harding and Mx. Warburg 7/11 Rupee: Letter from Ass't Cashier Cash. Washburn of Chicago re, ref. 11/26 to Exec. Com't Plan to dispose of rupee exchange to be handled from Washington 11/3 rather than N.Y. Russian roubles, Ass't Attorney General Warren's letter re, ref. to Mr. 9/4 Delano Scandilvvian: Letter from J.H.Venon, 8/10 re, Secretary of Treasury's opinion re Board's 7/12 general letter re, Situation of, letters from members of Congress re, reported by Gov. 9/11 Harding and ref. to Exec. Com't 7/10 Spain: Discussion re, Sweden, letter of Swedish Clamber of Commerce re, to be revised and 8/28 re-submitted Mew. of Ass't Sec. of State Phillips re regulation of, between U.S. 8/27 and, ref. to Mr. Warburg 245 249 29 785 568 205 144 35 222 22 . 198 188 LXXVII Foreign Exchange Bureau: Form of letter used in amiwering inquiries re establishment of, read by Gov. 10/2 Harding Hearing before Board re, letter from /0/2 Mx. Musher requesting, Foreign exchange conditions: Reply by Gov. Harding to letter from Senator R.L.Owen re, informally approved Foroign exchange questions: Unsatisfactory situation re, discussed; investigation by Bxec. Comit ordered Foreign exchange situation: Discussion of, by Federal Advisory Council of FRBoard 366 366 9/19 293 7/31 105 9/18 269 9/21 9/24 310 325 11/12 644 8/1 114 Foster, Nr.A.0., elected director of Denver Branch 11/23 748 Francis, Mr.D.R., to remain as director of Mississippi Talley Trust Co. 10/31 544 Franklin, Mr.Geo.S., letter proposed by, for transmission to Governors of FRaanks by Sec. of Treas., ref. to Exec. Gamit 12/26 962 Form of declaration re amount of money carried by outgoing travelers, for use of Customs Division, presented by Mr. Strauss Form F.R.A. Zr26: Authorization to abandon, Form X-143: rate of transmission of, by FRBanks, telegram from Mr. Broderick re, ref. to Gov. LXXVIII Messrs. Gatch, Mills and Perrin: Correspondence between, and Mr. A.C.Ailler, 11/7 discussed; no action taken A.C.Miller, Mr. and Correspondence between, discussed; telegram sent by 11/15 Gov. to all FRBariks and between, correspondence Facts re Mr.A.C.Miller, informally explained 11/15 to Comp. of Currency 670 German-American Bank of Saginaw, Michigan, desire of, to join YRSystem, noted in letter from FRAgent Heath 667 11/15 German-American Savings Bank of Port Huron, letter from ERA Heath re, as a prospective candidate for membership in 8/27 System, noted German firms in South America, letter from Mamas Owen & Co. re business relations with, ref. to Com't 10/24 German Insurance Bank, Louisville, Ky., telegram from, re 'withdrawal of whiskey from bond Gidney, Mr.R.M., approved as Special Examiner in New York district Given, Mr.T.H., elected directorof Pittsburgh branch See also F.R.Notes See also Reserves Abrasion losses on, FRBanks to bear, up to reasonable amount Recommendation of Federal Advisory Council re, 7/10 580 667 187 493 16 9/25 330 11/21 734 Gold: 9/13 246 9/18 270 Gold: Accumulation of in. Japan, memo. from Yokohama re, read. 9/22 in New York district, letter from Gov. Strong re, to be called to attention of Mr.Crosby 8/21 .American Smelting & Refining Co., letter from, re method of meeting gold requirements of company in Chile, acted upon 9/22 Bond showing that gold exported in accordance with licenses has been used for purposes specified, Counsel to prepare form of, 10/19 British Navy censor re export of, regulations governing, to be adopted by U.S. 10/30 Earmarking of, Application of Bonbright & Co. re, for Argentine Government, noted 11/1 Application of Guaranty Trust Co. re, for Javasche Bank, ref. to Com't on Gold Exports 10/15 Especially for Javasche Bank, letter from Acting Deputy Gov. Kent re, 10/16 Inquiry from Bank of Netherlands re, and Mr. Warburg's reply 9/21 Letter from Javasche Bank to Guaranty Trust Co. re, tabled 10/22 Sec. directed to ask FRBank of N.Y. for more information re case of Canadian Bank of Commerce re, 9/29 Embargo on Board's policy in granting applications for exportations of, outlined by Gov. Harding 11/8 Conference with representative of State Dept. re, recommended by Sec. of State Lansing 10/12 316 159 316 465 536 547 448 451 312 477 360 593 434 Gold: Embargo on Council Matter presented to Adviso 11/19 and Board sdiar Bankers Memo. presented by 10/29 ASsin re, Proposed paragraphs for report of Sec. of Treas. re read by Mr. 1/2 Strauss Export: Application of Ames, Harris Neville Co. letters 10/12 re, read Bank of New York (N.B.A.) 9/26 reconsideration of, asked Bradbury, Lewis L., answered to effect that he Should make application in usual way throith 11/7 FRBank of N.Y. 11/17 Denike„- Mr.E., granted 11/19 Above action revoked Freeport and Mexican Fuel Oil Co., granted 11/17 Javasche Bank, acted upon 10/9 Mitsui Bros., letter from Wells Fargo N.B. of S.F. re held 10/1 for reply Nacozari Railroad Co., Louglas 9/14 Arizona, approved 9/22 9/19 Applications to export acted. upon 9/20 9/21 9/22 9/24 9/24 9/27 9/20 9/29 10/1 10/2 10/3 10/4 693 516-7-8 559 581 681 684 680 417 364 263 317 295-6 306-7-8 311-2 313-4-5 320-1-2 326-7 348-9-50 357-8-9 360-1 36a-3 371-2r-3 373 to 381 387 to 391 Gold: Exports: Applications to export, acted upon 308 249 to 256 : 2 / 91 9 324 9/24 10/23 484-5-6 618 to 623 11/9 Applications to be approved by 7/10 FRBank of each district Administrative control of, discussed 9/27 Argontine: Agreement re, between Goverment of Argentina and FRBoard 11/30 Bond to be furnished with all applications to export, Mr. Hamlin's suggestion re, tabled Bond to be furnished in connection ulth exporting, form of, ref. to Mr. Hamlin Canada: Memo. of Board re, Canadian Bankers' Ass'n, forms in connection. with exporting by, to be forwarded by Gov. Canadian situation re, discussion of, by Board Control of, discussion re, 23 350 806-7-8 10/18 460 10/23 10/29 487 527 11/7 583 10/29 8/30 9/12 Chile: From ten to twelve million per year agreed upon as equitable 10/30 amount 1;N:ea. °omit to have power to pass upon all pending applications 9/13 Form to be used in making applications 9/14 Forms of notification oancerning action taken as to, approved subject to changes 9/18 Gov. Harding to write letter to Canadian Bankers re gold exports, etc. 11/13 Inquiries from Secret Service re, 11/7 presented by Mr. Strauss Letter from Canadian Bank of 8/a Commerce, S.F., re, Letter from Exports Administrative Board re prospective gold 9/22 exports, read 523-4 2D2 227 to 235 535 246 256 284 &IS 579 128 316 Gold: Exports: Letter from FRBank of N.Y. re form to be used in applications, 9/18 ref. to Exec. Com't re, Branch Orleans Letter from New 9/11 from New Orleans arrangement re Strauss Memo. from Mr. with Peruvian Government re, 10/2I approved forth setting Strauss Mr. Memo. from Board's general policy re, 9/14 modified and adopted 9/11 explained Method of passing upon, Mexican situation, discussion re, by representatives of mining and molting interests of 10/3 Mexico Mexico, arrangement with Ambassador of Mexico re, reported by Mr. 9/26 Strauss 10/11 Mexico, memo. of agreement re, New York Central Railroad Co.'s 9/26 inquiry re, Notifications to be signed by Governor, Vice-Governor, or acting head 9/18 of Exec. Com't Panama Canal Zone, letter from War 9/14 Dept. re, Pompeian Oil Co. informd that it might file brief re exportation 12/28 of gold Question of and disposition of applications, to be placed in 9/18 hands of Exec. Com't Regulations: 9/21 Discussion re, Draft of, for issue as one of Board's regular series, 9/20 adopted 9/18 Letter re, ref. to Exec. Com't 283 219 493 264 219 384-5-6 311 445-6-7 34) 284 263 981 284 312 299 284 Gold: Exports: Report of informal com t of b-ikers 9/14 and others re, Sec. of Treas.'s opinion re Board's general letter stating its 7/12 views re, Situation of, Gov. Harding's advice 9/5 re present status of, Spain, via Havana, advised by 7/17 New Orleans branch Telegram from H.E.Orawford re Board's 10/18 policy re, Telegram from Mr.Welibora assenting to proposed plan for managing, 9/11 from New Orleans, read Telegrams re, cost ref. to Exec.Comit 9/28 7/10 Foreign shipments of, discussed by Board Imports: Form of bond to be used in connection 10/31 with, sent to FRBanks Papers from Mr. Crosby re, presented 7/10 Leaving gold In U.S., views of Peruvian Governr10/10 ment re, informally apkoved Licenses covering return of gold shipped from Canada to be _refined, letter 10/19 from Mr. Kent re, 10/18 Light weight: Acceptance of, draft of lettero FRBanks re, ref. to Exec. 9/20 Com't Purchase of, letter to go to all FRBanks re, 12/19 Redemption of, letter from FRBank 10/2 of K.C. re; subject discussed Redenption of, letter from Sec. Curtis of N.Y. stating view of Directors of FRBank of N.Y. re ref. to Law Com't 10/5 Question of receiving, letter from Director Ralph re, ref. to Exec. Com't and Comp. of Currency 9/18 249 35 210 50 460 219 352 23 538 25 420-1-a 465 460 303 926 368 395 267 Gold: Light weight: Withdrawal of lightweight gold in banks, 9/5 discussion of methods for, 209 from Mr. Strauss that no exportation of gold or silver be allowed to European countries without approval of War 11/28 Trade Board, agreed to 795 Memo. Mexican Government requireuents, conference re, Movements of, general consideration of problems growing out of, Movements of, report of Gov. Harding and Mr. darburg re, 10/11 423 to 427 7/10 20 7/11 29 Obtaining of, before sailing, oy Spanish ship captain; matter to be ref. to Collector Newton at N.Y. 11/2 559 Opinions of Governors re amount of gold coming in and abrasion loss on gold 1//8 592 12/19 934 Persons to show how past allowances of gold have been applied, ordered. by Board Power to Ship, in order to create exchange, application of Equitable Trust Co. 9/11 for, and reply, read 221 Release of gold at Laredo, Texas, in favor of Mexican Government, memo. of Mr. 10/26 Strauss re, 508 Report re gold on hand, to be requested from member banks 908 12/17 Gold: Requirements in Mexico, Mr. Strauss to outline to Sec. of Treas. plan tentatively under discussion whereby minimum gold requirements of Mexico 9/26 would be met Canada, and from Mexico Return of gold 11/8 opinions of Governors re, to their banks N.Y. by Shipment of gold, correspondents, letter from Mr. 10/22 Kent re, Shipments of, 7/31 East, letter from Mr. Perrin re, re, Monks for of Board Rulings 9/19 adopted . To Calcutta, letter from Balfour, Uilliamson & Co. re, ref. to 8/23 Gov. To Chile, memo. presented by Mr. 10/9 Strauss re, informally approved To Cuba, conference with President 9/24 Merchant of N. B. of Cuba, re, To India, letter from Hongang & Shanghai Banking Corporation 8/27 re, discussed To India, an basis of understanding with British Government, opinion 7/10 of Gov. Harding To India, telegram from San Francisco, 7/25 re, situation discussed; Japan, To 7/10 becoming more acute To Japan, memo. re, ref. to 10/24 Exec. Comit 7/10 To Spain, discussed To Spain, via Havana, letter of 7/17 Mr.Walker of Now Orleans re, To Spain, via Havana, letter from 7/26 Marcus Walker re, 339 593 477 105 296-7-8 178 416 324 187 21 81 22 492 22 50 88 =QM' Gold: Shipments of, To Uruguay, memo. re, ref. to Exec. Com't Transfer of, authorized in behalf of Balfour, Williamson & Co., to Later steamer, approved Shipping charges: Letter from Gov. Fancher of Cleveland re, 11/26 783 9/20 309 9/13 246 Smuggling operations re, telegram from Collector Cobb of El Paso re 10/30 possibility of, on border Statement of U.S.a.easurer re gold 12/5 available for deposit with FRBanks Steamer Angel Perez, case of, held at Norfolk because of gold in her cargo, 9/21 presented by Mr. Strauss Substitutes for, as Christmas gifts, 10/22 etc., use of, to be encouraged Taking of, by soldiers going abroad, Mr. Strauss presented question of discouraging of, 12/15 Tiffany, Yr.Chas.R., letter from, re Spanish vessel obtaining -, 15,000 11/2 in gold, ref. to Exec. Com't Transfer of, from OM steamer to ' 9/24 another, authorized Transmission of, through the mails, 9/14 discussion re, Use of, as holiday gifts, letter from Deputy Gov. Treman of Na, re,. ref. ( 9/28 (10/31 to Can't 41 Use of, letter from Gov. McDougal of Chicago re, in making payments, 7/10 ref. to Gov. Harding in Switzerland, Value of American gold letter from Mr.B.T.Waldo, New Orleans, 10/25 re, 535 828 310 479 903 554 327 263 354 541 17 499 LXXXVII Gold: Withdrawals of By Gorman-Americans, brought to attention of Board by bank at Pittsburgh By Mexicans, letter from Mr. Kent re, Discussion re, by Advisory Council and Board For Christmas gifts, letter from Mr. Kent re, For shipment to Calcutta, letter from Mr. Perrin re, ref. to . Gov. for attention of Sec. of Treas. 11/12 641 10/19 466 11/20 725-6 10/19 466 8/1 116 Gold (Argentine) Shipment of, out of the country, discussion re, with Ex. Naon, Ambassador of the Argentine Government 9/24 323 Gold (Mexican) Application of Messrs. Lacaud.& Son, San Antonio, Texas, to export, to Mexico, ordered Answered by Sec. 460 Gold bars, bullion, coin, discs, etc. See under Gold Gold certificates Discontinuing issuing of, wisdom of, questioned by Sec, of Treas. Discontinuing issuing of, in 450. denominations, recommended anew Motes to be substituted for, report of Treas.'s desire re, Gold certificates credited to Gold Settlement Fund, Motes to be furnished for payment over the counter against, 10/18 7/12 35 7/10 21 9/5 209 9/11 219 'amain Gold certificates Issue of, restriction of, memo. re, presented by Mr. Delano and ref. to Exec. 10/24 Com't to Letter of Sec. of Treas. Leffingwell Treas. of U.S. TO, read before conference of FRBank Governors and members of 11/8 FRBoard Paying of, at sub-treasury, letter from 11/2 Mr. Perrin re, Paying of, in dealings with U.S. Mint, letter from First N.B., Denver, re, ref. to Comp. of Currency awl 9/13 Mr. Delano Redemption of, memo. re, ref. to Mr. 8/27 Hamlin, Chairman Law Com't Use of, by Treas. Dept. in payments to the 11/2 public, ref. to Exec. Com't Gold settlement: Discussion,re daily gold settlement, by FRBoard and Governors 11/8 Gold settlement fund: 7/25 Administration of, resolution re, adopted Audits of, letters from Gov. Strong and PRA Jay re, discussed and ref. 7/3 to special omit Audits of, Opinions of six FRAgents re, 8/10 ref. to Gov. 7/12 Audits of, Report of, by Sec. of Board F. R. Bank of Philadelphia: Credit of 41,000,000. in Gold Settlement 9/10 FUnd0 requested by, Signatures of Ass't FRAgents re transactions 7/24 of, inquiry re, ref. to Covnael Transfers in, letter from FRBank of 9/14 Cleveland re, ref. to Sec. 4ork of, Mr. Allen authorized to turn over to Mr. Willis, and to take 8/9 leave 493 590 556 242 188 563 599 79 7 142 34 218 75 2I7 138 Gold shipments: Post Office Dept. to be notified in advance, of gold shipments to be made 9/28 353 Gold sweeps, letter from Canadian Seamless Wire Co. re importing of, 359 Goodrich Rubber Co. Discussion by FRBoard members and Mr. J.F.Curtis re 90-day notes of, Mr. Jay of N.Y. agreed not to discount notes of, reported by Gov. Harding Gouverneur, Mr.M..F.H., resignation of, as director of FRBank of Richmond, accepted Government deposits: See also Certificates of See also Liberty Loan Facts relating to, presented Letters from banks expressing arviety re, read; Comp. of Currency's statement re policy re valuation of national bank investments Telegram from Cedar Rapids Clearirg House re, War: Discussed with Sec. of Treas. Government preferred claims: Letter from Mr. Franklin D. Locke re policy of making deposits of, "Governor" as head of FRBanks, title of, Board to consider substitution of "President" for, recommended by Sec. of Treas. 11/12 638-9-10 11/14 655 7/17 53 See under Deposits Government financing: Governors: 9/28 Indebtedness 10/20 472 10/12 438 10/12 7/31 438 101 7/2 2 7/31 102 See also under Conference of Governors XC Governors: Meetings of, Proposed resolutions re, ref. to special comit 7/31 With FABoard, Gov. Harding presanted program for forthcoming meeting 11/2 11/5 Opinions of, re relations with Treasury 11/8 and Fiscal Agency matters Secretary of Treasury to receive Governors 11/9 at his office Grace & Company, 4. R., Mr.J.2.0urtis of N.Y. to confer with, re basis of mutual trade with 9/18 South Amevica Gray, Mr.4.J., of Detroit, letter from, re State banks' membership in i?R`System Guaranty Securities Corporation, opinion of Counsel re certain acceptances mada by, filed with Board 109 563 572 585 625 291 7/2 3 11/28 79S 11 Haldeman, Bruce: Designation of, as Class C Director, informally agreed upon Further consideration of, as Director of Denver Branch discontinued 7/11 26 7/31 99 Hall, 0.0., Ass't FRAgent: Letter from FaA Ramsey re appointment of an Ass* t Filgent and recomaendin.,=; Mr. Hall, approved Bond of, in amount of ::3 1 100,000.,approved 712 7/13 4 39 XCI Hall, P.L., Lincoln, Neb., named as director of branch bank at Omaha, Neb. Mr. Hall's acceptance read 7/18 7/25 57 79 Hamilton, J.L. appointment of, as examiner at :W3600. per annum, approved 8/21 158 Hamlin, Mr.O.S., authorized to travel at expense of Board in aid of FRBanks to place Government bonds 10/17 454 Harding, W.P.G. Appointment of, as Governor of FR.Board, by President 8/21 Expenses of journey of, to Pittsburgh to be paid by Board 10/9 Statement of, re erroneous report of his address at Atlantic City re Camp. of Currency 9/28 Trip to Baltimore and New York, at expense of Board, authorized 10/12 Visit of, to N. Y. on business, authorized 8/2 439 118 Hardt, Deputy Governor and Cashier of FRBank of Philadelphia, salary of, fixed at 412,000. per annum 8/2 121 Harmon, Hon.Judson, elected Government director of Cincinnati branch 10/31 11/15 . 542 665 Heacock, Mr.H.L., temporary appointment of, at 1)125. a month, approved Hearings: Mushor, Mr., request of, for hearing re foreign exchange bureau Neale, Mr.S.C.,request of, on behalf of certain N.Y. owners of mines and smelters in Mexico;.request granted Representatives of mining and smelting interests before Boars, minutes of hearing of, 172 412 352 12/5 826 10/2 366 10/2 10/3 366 383 XCII Herson, James F., appointment of, as elmminer at 0600. per amum, approved 8/21 158 3/7 125 Hibernia National Bank of New Orloans: Cancellation of stock in FRBank of Atlanta, formerly owned by, letter signed by 11/14 Gov. re, to be transmitted from letter Retirement of stock held by, 12/3 FRA Wellborn re, ref. to Counsel 657 815 Rinsch, Mr.Chas.A., elected Government director of 10/31 Cincinnati branch 11/15 542 665 Hinson, President American Bankers' Ass'n, conversa11/15 tion witn, reported by Gov. Harding 664 U/2 119 Holidays: October 24th, employees to be excused at 12 noon on, ordered 10/22 481 Home N. B. or Cleburne, Texas, reduction of *capital stock of, approved 11/23 747 Hibernia Bank & Trust Co. of New Orleans, request of, re maintaining reserves required Hoge, Chas.E., acceptance of, noted Hoover, Mr.H.C. Conversation of, with Gov. Harding, re bolding 9/11 back of uheat by farmers, discussed to sent Letter from, copy of, recommended 7/11 FRBoard staff 7/10 Letter from, re food conservation ref. , by warehouseman Letter from, re loans 11/30 to Com't #2 warehoused Letter from, re loans on 8/2 commodities, presented 221 29 16 800 118 XCIII Howell, Son & Co., B.H., filing of statement by, concerning their condition, proposed in 12/17 letter to FilA Austin, approved Hughes, Mr. Manager, Branch Bank of Omaha: discussion re, and his connection with Omaha Clearing House as Manager 908 7/18 58 Huthsteiner, W.F., liability of, as director in a Tell City and Evansville bank, matter of, ref. to Clayton Act Gma't 8/8 129 Illinois State authorities, ruling of, re exercise of trustee powers by national banks, ref. to Law Com't 9/25 333 Imlay, Milani M., appointed Acting Ass't Seely during absence of Er. Allen on Liberty Loan trip with Sec. of Treas. 9/28 353 9/25 9/25 330 330 10/19 470 9/18 9/19 283 292 Interest: Charging of, Sec. of Treas. suggested he might begin, at early date, to charge interest on Government deposits 7/12 35 Index-Digest: New edition of, authorized Price of, fixed Printing of 2000 copies of new edition of, matter of, ref. to Exec. Com't Indiana Bankers' Association: Convention in October, invitation to representative of Board to attend, Er. Hamlin unable to attend XCIV Interest Rates: Letter from Mr.J.R.Greenleaf of Lawrence, Kansas, re FRBanks- cutting their 11/2 interest rate, noted Interlocking Directorates: Baker, R. and Wroe, H.A., directors of American N.B., Austin, Texas, ED 11/12 further action necessary re, Crosby, Mr.L.L., application of, for permission to serve as director of 12/21 two different banks, approved Ellis, Mr.A.T., application of, to serve as director of certain 11/16 institutions, approved Farmers Deposit N.B., Pittsburgh, Pa., sundry directors of, advised they must apply to FRBoard for its consent to act in interlocking 11/7 director capacities Gilliland, Mr.J.W:, application of, to serve as director of certain named 12/3 banks, approved Huthsteiner, W%.F., ease of, memo. of Counsel ais re, ref. to Clayton Act Com't . 1ilbssrs. Keep and Shedd, action of Co t t on Clayton Act re$ as directors in 7/31 two Chicago banks, approved Opinion of Counsel re Attorney General's opinion re, ordered printed in 9/25 Bulletin People's State Bank of Detroit, Mich., letter from, re, ref. to Com't on 7/26 Clayton Act Report of Clayton Act Com't re, recommending no further action re list of possible interlocking directorates furnished by 11/12 Camp. of Currency Union N. B., Austin, Texas, report of Com t 11/15 #3 re, at, approved Waldeck, Mr. Herman, authorized to retain relationships officially with two 10/12 institutions temporarily 556 643 942 678 581 815 129 104 332 85 643 669 439 XCV Interlocking Directorates: Woodruff, Mr. George 11., application of, to serve as director of a national bank 11/14 and a trust company, approved 657 Irving N. B., letter from, re additional countries to be added to list, for purpose of furnishing 7/2 dollar exchange, approved 6 Italian Governmont, purChases in Canada on behalf of, letter from Mr. Leffingwell re, 11/21 ref. to Gov. 734 Division of Statistics Item entitled "Surplus": authorized to carry item entitled "Surplus" to 12/28 follow "Capital paid in" 983 Jackson, Henry S., letter from, re liens and mortgages on vessels as basis for FRBailk loans a/8 130 10/15 443 9/25 334 11/16 676 Jacobson, Mr.Morris, report of, re exports and imports, read and noted Japanese Commission: Mr. Hamlin to join, on visit to New York for tvm days Respects of, to be mid Sec. of 2reas. and FRBoard on November 17th Japanese Financial Comission: Advisory Council invited to attend luncheon 11/19 for, at home of Mr. Hamlin Mr. Hamlin to visit New York at expense of Board, to speak at dinner tendered to, 11/28 Member of Board to visit Boston to 12/3 aid in entertainment of, 696 798 820 Jefferson Com't and Sav memo. re, tabled of Gretna 7/26 Jess,Mr. Stoddard, report of Audit and Exam. Corn' re letter from, suggesting transmission of inquiries to banIcs in Clearing House cities, approved.; papers ref. to Gov.10/19 Jester, Mr., Ass t FRAgent„ Dallas: of. ratified Joint Custody of Funds; Joint Liability: 468 Appointment 7/17 See Custody of Fund See under Liability Jute situation letter from Washburn-Crosby Co. rO, ordered answered by Sec. 10/9 Kains, Mr. Archibald: Credit for Mexican Governmeut, letter from Mr. Kains re, with Lmeri an Foreign Exchange Bank, ref. to Gov. Resignation of presented Kent,Mr. F.I.: Appointment of, as Foreign Exchange Advisor to FRBoard, approved Designated "Chief of the Foreign Exc. Division" Errors in press reports re appointment of, to be corrected as far as possible Press statement re appointment of, as Foreign Exe.hange Advisor to FRBoard, ordered issued Reimbursement for expenses of, Gov. to get Comp. of Treasury's approval of, 90 417 /10 7/10 11/26 785 12/6 837 12/5 824 803 12/3 818 Kentucky Bankers' Gov. Harding Gov. Harding thinks Association: invited to address to make journey, if he best Zinsolving, Julia: aopointment of, at :75. a month, effective Dec. 30, authorized Ruchins, Chas. R., salary of, fixed at 2400. per annum 7/2 4 7/3 4 12/19 927 8/9 137 Lamoille County N.B. of Hyde Park, Vt., authorized 10/29 to reduce its capital 52.9 Lassiter, Yr.E.C., letter from, re increases in rates for loans on cattle, ref. to Gov. Harding 8/8 165 7/17 52 Leffingwell, Ass't ice. of Treas. Letter re gold 11/8 certificates sent by, to Treas. of U.3. :390 Legislation: Reserve requirements: List of states in which legislation re, is needed, to be furnished Board 12ti 014 Legislature in California, telegram from Mr. J.S.Drum of Los Lngeles re special session of; matter ref. to Gov. 12/3 018 Lee County Bank of Liarianna, Arkansas: Trustee powers granted to, Lending policy: Power City Bank of Niagara Falls, letter from, re; also opinion of 7/26 Counsel re, 91 XCVIII Ot) Liability: Joint: FRAgents and FRBanks, letter from Mr. Perrin re, read 7/12 Additional letters re above, read 7/17 FRBanks of Dallas and Atlanta, letters from Mr. Ramsey and Ur. Wellborn 7/10 re, read Letters from FRAgents re, of 7/18 FRAct Amendment, discussed Letters re and memo. from Mr. Broderick re, of FRBanks and Agents, ref. to 7/19 Mr. Delano Liability Accounts of member banks, deductions from, when figuring reserves on such liabilities, 7/26 opinion of Counsel re, Liberty Loan: Advisory Council: Amount of loan, opinion of each 9/18 member re, Recommendations of, re effect or 9/18 pending bond,issue Aiken, Gov., letter fram, enclosing letter from H.P.Sprague re work 7/2 on, Banks to give larger aid in floating of, letter from Mr.R.G.Rhett re, read 10/19 by (Jov. Harding Mr. Broderick authorized to make trip to reserve banks a/c pressure of work in 7/12 connection with, Byrne, Mr.C.J., letter from, re floating 7/31 of further issues of, Campaign, telegram sent by Sec. of Treas. 9/25 to FRBanks re date of beginning of, Certificates (partly paid), question of, 11/7 as collateral, asked by FRA Rich 3 48 15 56 62 90 275 to 282 268 5 468 35 106 328 582 6 iLCIX Liberty Loan: Certificates of participation, of .110. denomination, opinion of Counsel re plan proposed by N. B. of Topton,W. Va. re, ref. to Law Co.n't 9/11 Com't of an Francisco District, Mr. Perrin's inquiry re Chairman of, 7/31 Conference in E.I., Chief litraminer Broderick authorized to attend, 7/11 Conversion of 31-; bonds into, letter from Gov. dOld re, ref. to Gov. of Board 7/12 Discussion re, by Advisory Council and FRBoard 11/20 F. R. Bank of Richmond: Letter sent out by, re first 2% installment on bond subscriptions, discussion re; matter ref. to Exec. Com't 10/29 F. N. Bank of San Francisco: Letter from Gov. Lynch re disposition of over-allotments of bonds 9/27 First N. B. of Portland, Oregon, part played by, in comection with, discussed 11/15 Floating next issue of, letter to Sec. of Treas. re method of, outlined by 7/24 Gov. Harding Interim receipts, telegram from Terre Haute banks and trust companies re, replied to 7/17 Jay, FRAgent, letter from, re organization in N.Y. for handling next, noted 6/1 Loss of deposits by savings bank in District /P12, through subscriptions to, brot. to attention of Federal Advisory Council 9/18 Minneapolis District: Letter from Mr. Rich re organization in, ref. to Gov. Harding 7/24 Report re work in, ref. to Gov. 7/19 224 106 32 34 722-3 528 346 667 73 51 116 272 72 63 Liberty Loan: Minnesota State banks and trust companies, opinion of Attorney General re, 11/2 investing in bonis of, Organization to be employed in N.Y. re handling of next, letter from Mr. 8/1 Jay, re, Over-subscriptions to second, acceptance of, letter from Sec. of Treas. re, 10/29 read. Publication of names of subscribers to, letter from Auburn, Me., Savings 11/15 Bank protesting again3t, noted /12 11 45 paper, Loan Liberty Rate on 90-day dollars million three of Rediscounting of 90-day Liberty Loan paper by certain FRBanks, for FRBank of 12/11 Boston, approved Rich, FRAgent, letter from, re effect of Northwest crop conditions on next 8/10 Liberty Loan Savings Bank situation in Hew Hampshire during next Liberty Loan operation 9/14 discussed Spencer, Mr. Thos. B., of Travelers' Life Insurance Co., letter of, re his 11/2 experience with second, read Sprague, H.2., letter from, re work 7/2 on, Ref. to Gov. to bring to attention 7/4 of Sec. of Treas. Subscriptions to, collateral notes given in connection with, memo. of Counsel re discounting of, ref. to 8/10 Gov. Tour in behalf of, Ass't Sec. of Board 9/25 to accompany Sec. McAdoo on, Lies, Mr. Mark A., appointed Ass't FRAgent at Chicago 12/3 556 116 528 666 642 877 145 247 553 5 142 333 815 CI "Live stock Banks" ownership of, letter from Federal Trade Commission re, ref. to kc. of Board for reply 10/17 456 Live stock situation on :eacific Coast, letter from hr. H.C.Hoover re, noted 12/17 907 Loans: Agricultural: deport of Com't #2 re rate on agricultural paper, Ordered. filed 12/19 924 a/s 135 Cattle: Increases in rates for, letter from E.C.Lassiter re, ref. to Gov. Hardin,: Directors': letter to FA,Banits re, under terms of exIstinc; law, ref. and approved 7/24 Loans to Directors, letter from Gov. McCord at Atlanta re, ref. to Gov. &.rdinrs 8/2 Opinion of Counsel re Directors' loan, approved for publication in Bulletin 3/22 Drainaze Conractors': Eemo. re loans to, ref. to Exec. Oont t 12/28 Food Administration Grain Corporation, opinion of Counsel re loans to, ref. to Gov. for discussion with Comp. of Currency 9/20 Letter from Food Liministrator Hoover re loans to warenousemen, ref. to Comtt 11/30 Letter of Ar.J.F.Curtis re financing of large corporations, read and discussed at conference of Governors and Fr...i.Board 11/8 Liens and mortgases on vessels accepted as collateral for, letter from Henry S. Jackson, Beaumont, 12exas, re, ref. to Gov. 8/8 O 75 113 174 981 300 301 596-7 130 CII Loans: Letter from J.C.McBish re Livestock: loans on, Onions: Loans on, as non-perishable commodity, letter re, ref. to Gov. Harding Petatoe grades recently established by Department of Agriculture, to be sent to FRBanks in connection with Board's ruling re loans an, arehoused commodities, letter from Mk. Herbert Hoover re loans on, presented Loans to Directors of member banks, Board's action re, letter from Jerome Thralls re, 11/7 8/8 130 9/18 8/2 7/25 83 Locke, Mr. Franklin D. , letter from, re policy of making deposits of Government preferred claims 7/2 khart, Mk. J.H., elected director of PIttsburi branch or FRBank. of Cleveland 11/21 Louis ille 14 734 See German InsuranceBank Louisville Trust Co., letter from President 0 re question of membership of his organization, discussed 11/7 582 Lynch, James K., S.F. selection of, as Governor of FRBank of San Francisco, approved mo McGregor, Peter,recomended as director of Spokane branch, by Mr. Miller Appointment accepted ?1O 13 14 39 C111 McKellar Amendment, result of conversation of Mr. Jarburg and Mr. Levi L. Rue re, 9/11 reported and discussed Meyer, R. A., letter from, requesting power to . act as director in certain institutions, 8/15 ref. to Clayton Act °omit 225 154 11 Manning, Mr. L.W., designated director of Cincinnati Branch 10/31 11/15 542 665 111. ine I. B. of Buffalo, memo. from Comp. of Currency re relationships of directors of, ref. to Com't 3 11/2 562 Marnell, R.0., of Nebraska City, Neb., named as director of branch bank at Omaha Acceptance read 7/18 7/25 57 79 12/19 925 Martindale N. B., Martindale, Texas: Reduction of capital stock of, recowmended by Comptroller of Currency Massachusetts State Bankers' Association: Mr. Hamlin to attend meeting of, at expense 12/21 of Board Mellon, Mr. R. B., of Pittsburgh: Reserve requirements, status of reserve city banks re, letter from, re Reserves, method of figuring, letter from, ref. to Counsel Athdrawal of whiskey from bond, telegram from, re, 942 7/19 63 7/19 66 7/10 16 Member banks: Cash and cash items held by, letter from Mr. 7/12 dills re method of reporting, 34 OIV Member banks: State examinations of, by FRBanks, memo. of 7/20 Mr. Broderick re, ref. to Counsel State examinations of, number of, to be required, opinion of Counsel re, ref. aft to Mr. Broderick 118 Member State banks: Twelfth District: Reports of member State banks in, presented by Mr. Miller, ref. 10/9 to Com't on Audit and Exam. 410 See also State Banks and Trust Cos., Entrance into FRS: Conference of State bankers in twelfth district re, action of, reported in 11/2 561 letter from Mr. Perrin Go man American Savinos Bank of Port Huron, letter from FRAgent Heath re, as 8/27 prospective candidate for, 187 Gray, Nr.W.J., of Detroit, letter from, re 7/2 State banks', Increasing the, draft of letter to President - 10/9 410 re, informally approved Banking Senate & clerk of Letter from Currency Com't asking opinion of 12/12 Board re, ref. to Exec. Com't 883 Commissioner Ur.S.G.Sargent, Letter from 12/7 846 of Banks in Oregon, noted Letter from PRA Wills re certain institutions which would probably make application 446 10/15 for, noted Pennsylvania trust companies, letter from Mr. Austin re, ref. to Membership Com(t 9/1 237 Prospective state bank membership in Pittsburgh, letter from Mr. Wills 8/27 136 re, Savings banks, views of Board members re qualified membership of Savings banks in FRSystem, to be filed 11/1 552 with Governor Membership in FRSystem: 68 CV Mercantile Bank of the Americas: Board's regulations and conditions of operation, acceptance of, by, formally 9/18 entered in minutes Curtis, Mr.J.F., to confer with, re basis 9/18 of mutual trade with South America Letter from, re its understanding of 9/26 Board's letter of regulations Letter from, re plan for issue of Government notes in Lima, read. by Er. 11/19 Strauss Regulations of banks organized to do a 8/30 foreign business, copy of, sent to, Merchants Loan & Trust Co. of Chicago: Directors of, voted to allow,to serve out terms not to 7/19 exceed one year Messengers: 291 337 684 201 66 See under Staff of FRBoard Mexican Government: Gold requirements of, statement re, placed before conference by Mr. Bruere of 10/11 American. Metals Co. Proposed arrangement with, re U. S. export of gold thereto, reported by Mr. 9/26 Strauss Telegram from Rio Plata Mining Co. re decree of, to be replied to by Sec. to effect that the Board understands 10/19 same has been repealed Mexico: Circulation of U.S. currency in, letter from Sec. of State to Sec. of Treas. re, 10/9 presented by Gov. Harding Financial situation in, views of Mr. L.S. 10/4 Bowe re, Gold and silver export situation in, discussion re, by representatives of mining and 10/3 smelting interests of Mexico 285 423-4 341 465 416 391 384-5-6 Mexico: Trade situation in, letter from Nogales (Ariz.) Uhamber of Commerce re, 9/26 339 Military camps: Letter from Mr. Perrin re establishment of deposit banks in, etc. 12/7 845 12/3 S20 7/12 36 7/12 36 9/13 242 7/17 48 7/31 104 12/22 945 9/28 353 12/22 945 12/28 978 Military matters: Memo. from Mr.O.E.Fouik re letters of recommendatiou for employees of Board with respect to naval and 12/7 military matters, noted 846 Military draft: Classification of lir•J.E.Bizzell with referencO to, report of Com't 41 re, approved Effect of, on Faanks, letter from Gov. Aiken re, discussed; position of Board acainst gGneral exemptions reaffirmed Exemption from, letter from Gov. Miller of Kansas City re, Exemptions from, letter from Gov. Seay re, read Exemptions from, letters from Ramsey and VanZandt re, ref. to Com't on Staff Gov. to ask exemption' of Mr. Harrison from, Letter from Bureau of Efficiency re status of annloyees under, ref. to Staff Calet Mr. Exemption of, from, not to be requested Memo. of Counsel re eligibility of, for, read; voted not to transmit proposed letter in behalf of, killer, Mr. A.C. Five weeks' absence of, to Pacific Northwest, noted To return to Washington via Northwest on Sept. 24 8/7 9/18 127 266 CVII Mills, Mr'.A.L. See Catch, Mills and Perrin Minutes: Advisory Council: Joint session with Board, minutes of, ref. to Mr. Delano Meeting of, minutos of, rof. to Mr. Delano Clayton Act Com't, minutes of, approved 11/21 733 9/19 292 7/2 109 2 10/31 10/15 10/21 10/26 5 10 77 108 170 194 331 368 393 409 529 543 445 494 505 10/31 540 11/12 640 10/31 540 10/3 374 12/17 912 9/13 246 11/8 584 to 613 7/24 73 7/31 8/21 8/28 9/25 10/2 10/4 10/9 (Mr.Arilliams not voting) Conference with Canadian Bankers, minutes of, ref. to Mr. Delano Conference with Governors, minutes of, ref. to Mk. Hamlin Conference with Pittsburgh bankers, minutes of, approved Executive Com't: Two carbon copies of minutes of, to be prepared in future, for use of Board members F. R. Bank of Dallas: Minutes of meeting of Board of Directors of, ref. to GTT. Harding Gold Export Conference, minutes of, approved Governors, joint session of, with Board, minutes of, CVIII Minutes: Hearing of representatives of minin and steltina interests before Board, minutes,of Kern Amendment to Clayton Act,. minutes of meeting of Com't on, approved (Mr.Mlliams not voting) 1J/3 333 10/15 Mitsui Bros., lettef from dells largo N.B. of S.F. re application of, to export gold, held for reply 10/1 361 Looney, Mr. Named as Glass C Director of 1R3ank of St. Louis Acceptance of, as director, noted 8/2 8/27 120 137 Moore, ;ialton N., design—tea Acting Assit FRAgent in absence of Perrin in Northwest 8/23 131 Morgan & Co., J.2. Financin of certain bills by, discussed by Board and Counsel 11/14 653 Morss, Mr.C.A., election of, as Governor of FR3ank of Boston, approved 11/2(3 783 Messrs. Murray, Prentice &I Howland, letters from, referred, through Mr. Strauss, to :iar Trade Board 11/19 604 Mutual Savings Banks, effect of Gavernment bond issues on, informal conversation with Senator Pao re, reported by Gov. Hardina 10/2 365 Nacozari Railroad Co., letter from, re application to e.xport gold,already passed upon 9/26 340 CIX National Association of Credit Men: Letter from secretary of, re trade acceptances, presented 7/17 National Bank Act: Amendments to, telegram from Merchants N.B. of Aiclamond, re,- 9/1 49 937 National Bank Investments: Statement of Comp. of Currency re policy to be pursued by his office re valuation of, 10/12 4.38 National Bank Redemption Pund, receipt of Fallotes into, report of Mr. Hamlin re, 8/28 194 National income and saving power: Com't 41 to make investigation into, voted 12/24 955 National Non-Partisan League: Cozmont of Mr. Rich on letter of, noted Letter from, re aid to farmers through FRBanks, discussed and ref. to Gov. 12/10 866 12/3 819 National Shawmut Bac of Boston: Dollar exchange permission to accept drafts of Central and South American bankers,to create, granted, 8/15 156 Neale, Mr.S.C., letter from, requesting hearing before Board on behalf of certain N.Y. owners of mines and smelters in Mexico; request granted 10/2 366 Nesbit, Harrison: Compensation of, in connection with Pour States Coal & Coke Co., letter of Comp. of Currency re, ref. to Co.l't 12/21 951 New 'York Stock Exchange: leport of conversation with representative of, made by Gov. Harding 11/5 572 OX Notes: Demand: Renewal of, letter from PRA. Austin re, Sec. directed to mate farther 2/3 inquiry from Ur. Austin Non!-member bank: Secured by collateral other than bonds or notes of U.S., opinion of Counsol re, ref. to Law Com't 9/20 Secured. by Governilant obligations, telegram from Cedar Rapids Clearing House re rediscounting 0/12 of, Legel tender: First N. B. of Harrisonburg letter from, re conversion of large, 9/13 into dollar bills National bank: Letter from Union N. B , Houston, Texas, re additional issues 10/24 of, ref. to Gov. ro Mr. Perrin National bank: Letter from methods of redeeming ref. to Issue and Redemption Oom't /2 Opinion re, based on livestock, recommitted until 7/12 7/11 Notes and drafts: use of, letter from FRBanks at 3t. Louis and Boston re, ref. to Collections Com't 814 360 438 241 439 119 23 134 0 Ogden Clearing House Ass n, letter of Mr. Perrin 7/24 to, ordered circulated One dollar bills: Increasing supply of, letter from Comp. of Currency to Sec. of Treas. re Increasing supply of, letter from Senator Weeks re, noted. 73 9/28 356 8/27 187 Open Market Transactions: Letter to FRBanks re, to be transmitted by Gov. Harding 8/24 Opinions of Counsel: Acceptances: Opinion of July 26 re, approved for publication in Bulletin Vol. of trade acdeptances discounted for any one borrouer, Opinion of Counsel re, Bigelow & Co. to make clearing deposits with FRBant: of N.Y.; opinion of Counsel to contrary Classification of paper for purchase of animals, by packing companies, opinion of Counsel re, Collections, opinion of August 14 re, approved for publication in Bulletin Director3of State member banks, opinion re continuance of, after membership accepted, ref. Eligibility of certain notes aaned by American C r and Foundry Co., opinion of Counsel re, Loans to Directors: Opinion of July 25 re, approved for publication in Bulletin Minneapolis district: questions re collections in, opinion re, Notes collateraled by bonds and endorsed by trust companies, opinion re, ordered circulated Postal savinL:s subject to 3% reserve, opinion re, approved Referring to Comet on Law Reserves: Opinion of July 19 re, approved for publication in Bulletin Status of private bankers: Opinion of July 30 re, approved for publication in Bulletin 8/22 7/10 184 174 17 8/2 120 7/10 17 8/22 174 7/17 50 11/15 663 8/22 174 7/10 17 7/17 51 8/9 8/8 137 134 8/22 174 8/22 174 Opinions of Counsel: . against . Warehouse receipts as .firotection acceptance .).aper, opinion of Counsel re, ll/lL 1 Owen, Hon. _I. L. Letter from, re a9pointment of FRAent at Kansas City, and Gov. Hardin's reply, noted 10/31 Letter fro.„-,, re Foreign Exchange situation, 9/11 read; ref. to Exec. Com't Replied to by Gov. ;iardirm 9/19 Owen L.: Co., 'i!hos. J., letter from, and opinion 10.//1 of Counsel ro, ref. to .4.ar Trade Board 541 Panama Canal L'one: Exportation of gold from, letter from Jar Dept. re, 9/14 263 10/29 529 11/19 698 Paper: _Automobile: Letter re automobile paper, proposed by CoN"t 42, approved Oollateraled by warehoused commodities, letter from Yr. Hoover re, ref. to Gov. 2,annarkin3 of: letter from PRA Perrin re, Eligibility of notes of public service corporations, letter of Gov. Hardins to FiLl Curtiss of Boston re, ref. to EIxec. Com't Letter from FAA Hardy re, and Gov.'s reply to same, approved Letter from Gov. Aikon re, ref. to Com't 42 Eligibility of aper based on purchased accounts, letter to Gov. Aiken re, ordered transmitted 7/3 543 22. 293 7 11/19 699 12/5 325 12/10 370 12/17 903 Paper: Firms on Alien Enemy List, letter from MBank of N.Y. re purchase of paper of, ref. to Er. Strauss Livestock: Rates on 6 months', letter from Gov. Harding to Mr. Hoover re, approved Reduction of maturities of short term paper, replies from banks slihidh had received letter re, ref. to Cola't on Bulletin Short term: Letter from Gov. Aiken of Boston re development of, to be transmitted to all FitBankZ Status of certain cotton mill paper, letter from Gov. Aiken re, ref. to Com't j2 Parks, Nr.C.C., elected director of Denver branch Pease, Mr.E.L., to represent Canadian Bankers re export of gold 12/11 877 8/22 175 9/25 332 9/13 245 12/3 813 11/23 748 10/29 527 7/3 10 12/3 819 Peruvian Government, memo. of Mr. Strauss re arrangement with, re gold exports, approved 10/24 493 Peruvian situation, copy of memo. transmitted by Mr. Strauss re; approval of Board recommended 10/23 486 Peters, Mr.A.J., resignation of, as director of MBank of Boston, accepted 11/15 666 Pending business: Methods existing for filing and reporting on, discussed Pension system: Letter from Mr. Perrin re, ref. to Com't 43 °XIV Philadelphia N. B. authori3ed to accept drafts on it drawn in _Argentina to create dollar exchange in anticipation of movements of wool Pittsburgh, Pa.: 10/19 4-69 'Joe Liellon N. B. Pittsburgh: Cam't of Board to visit in October in re branch at, Conference of representatives minutes of, Proposed visit of ET. Harding and Ur. Delano to, letter from Mr. J.F. Burke of Pittsburgh re postponement of, until after Oct. 9 9/25 10/29 332 521-2 9/23 356 10/12 436 Pompeian Oil Co.Telerams from, re organization 7/12 of foreign dept. of FaBoard, presented 34 Pledged paper: Method of reporting employed by MBank of 3.2., memo. of Statistics Division re, ref. to Corn' t on Reports and Statistics Postal money orders in neutral countries, letter from Postmaster General re arrangement for payment of; no . action taken Postal savings: 10/60 536 See Deposits Postmaster General, letter to, from Gov. Harding, re Ucandinavian Tilxahange 3/10 144 Power City Bank of Niagara Falls, ILL., lending policy of, letter re; also opinion of Counsel re, 7/26 91 Power of FRBank to accept poo.or of attorney from a member bank in lieu of endorsement of such bank on collateral for 15-day 12/26 notes, ref. to Coutt /1%3 961 Press statements: Annual review of Board's work to be prepared for London Times at its request Branch at Louisville, selection of four directors for, authorized published Cincinnati branch: Names of new directors of, to be given press IM.trance into FaSystem of state banks and trust companies since Oct. 1; also applications for admission, authorized publidied Errors in press statements re appointment of Er.F.1.Kent, to be corrected as far as possible Press statement announcing appointment of Mr.F.I.Kent as foreign exchange advisor to the Board, approved and ordered issued Aelation of banks of the country to financing of the war, statement for press re, ref. to Exec. Com't 11/23 748 0/9 137 11/15 666 10/20 472 12/5 324 11/30 803 12.28 983 10/31 11/15 542 665 8/1 113 Puelicher, Mr.J.H., of Milwaukee: Conversation with, reported by Gov. Harding 11/15 664 Quarters, Comptroller of Currency: Transrer of Legal Department to Metropolitan Bank Bldg. advised 7/31 102 Proctor, lar.W.C., designated Director of Cincinnati branch Public finances, conference re, bet. Board and Treasury Dept. CKVI C4,uarters, ikti3oard: Appropriation of AOC) for furniture ror now discussion re removal quarters; 9/b of wall of Changes in lightin and equipment 11/30 1 Board room, ref. to Corn'. t 44 and t t in charge of equinurm arrangemnt of new aurters, 9/5 Delano added to, itan Liotropol Gov. Hardinc:'s report re, in 3/23 N. B. Blaz;. Informal report of Com't re Metropolitan 3/9 N.B. Bldg. 8/9 Resolution re lease of, adopted 9/5 Lease of, presented 8/28 Letter frol:, Comp. of tiul-Trency re, Moving of quarters presented by Gov. Irarding; matter unoer advisement 7/12 with Conrp. and Sec. of Treas. of, ement Plan showing proposed rearrang 3/27 . Harding presented by Gov. 3/30 ed authoriz Preparation of quarters 7/10 _ Probable changes in, discussed Counsel re quarters for Report of Co in Metropolitan Bank Bldg. voted 8/1 on and lost or Div. Rooms no.; occupied by Chief of 7/19 Insolvent 13anks to be transferred Space in Metropolitan Bank Bldg., leasing 8/1 of, approved Transfer of Legal Dept. to Metropolitan Bank Bldg. su -gested by Comp. of 7/31 Currency 210 801 210 130 133 140 209 195 34 190 200 20 114 61 115 102 CXVII Ramsey, FRAgent: read Letter re vacation of, 7/13 40 Lord Reading, Menlo. from, to Ass't Sec, of Treas. covering plan for rupee credits in U.S. 1030 535 Rebates: . F. R. Bank of Kansas City: Report of Com't #2 calling attention to objectionable rebates for prepaid notes at, noted 12/17 910 Red Cross Work: Ghtef F.Imminer Broderick unable to be spared for Red Cross work at this 9/25 time 335 Rediscounting: Acceptances protected by warehouse receipts covering tobacco, opinion of Counsel 11/15 re eligibility of, Albuquerque, Mew Mexico: Letter from bank at, re rediscounting paper of other banks as agent for them, 7/31 disapproved Certain notes =led by American Car and Foundry Co., opinion of Counsel 11/15 re eligibility of, F. R. Bank of N. Y. Rediscount of 425,000,000 of paper by,for FRBank of Boston, at 4, required 12/18 First rediscounting between FRBanks 12/12 directed during current week New York: Heavy rediscounting at, advised by Mr. Warburg 10/31 Paper eligible at FRBanks, matter of, discussed by ldvisory Council 11/19 and Board 661 111 663 918 892 543 691-2 Redistricting: Opinion of Nov. 22, 1915, re Board's authority to alter boundaries of FRDistricts, no objection to publication of, by Attorney General 10/31 541 9/4 207 8/30 200 7/16 9/7 59 213 Reed, Er.J.L., Secretary to Mr. Miller: Voted that Board transmit to military authorities, with ref. to, same letter sent with ref. to Mr. J.E.BizzelI 12/7 847 Refrigerating Sales Company, letter from, re loans on onions 8/8 130 Assignent of, to Omn,14 or Denver branch, question re, ref. to Ki.C.Com't Poll of, to determine assignment of, To be added to Omaha branch territory oiwood City, California: See First National Bank of San Mateo County Regulations: See Circulars emittances: Payirent for Austrian ships in foreign ports, remittances for, letter from Counsellor Polk of State Dept. re, informally noted 0/18 To bona fide Russians in German occupied territory, letter from Comp. of Currency re ref. to Gov. 16/19 Reporting cash, method of, discussed 7/19 462 467 61 See also Discount rates, weekly statement Reports of Committees Additions to be made to list of cities from which reports of member banks should be received, letter from Mr. }Tardy re, approved 11/26 Annual report, form of Board's next, 10/12 discussed 10/31 Branch beaks to report throne' their went barks 11/28 Committees #1 and #2, reports of, presented 10/26 Condition: Form of statement of national banks', ref. to Exec. Com't 8/8 Conference with Comp. of Currency re reports of member banks, reported and ref. to Com't 42 12/12 Dates for reports of state member banks, letter from FRA. Hardy re, ref. to Com't 41 '11/26 Discussion re, by FRBoard and Governors 11/8 FRAgents' reports, draft of letter to FRAgents re their respective reports, read 10/12 F. B. Bank of San Francisco: Method employed by, in reporting pledged paper, memo. of Statistical Division re, ref. to Com't on Reports and Statistics 10/12 Report of Mr. Broderick re condition of, ref. to Mr. Miller 10/29 Meeting of Nov. 8, stenographer to be present at, to make report of same 11/15 Member banks': Discussion re number and dates for (state and national) 11/28 Discussion re weekly reports of, to dhow individual deposits subject to check, matter ref. to Exec. Com't 11/28 Reports: 784 439 545 797 505-6 135 883 782 608-9 439 436 529 665 797 796 Reports: Member banks': Division of Statistics, IMMO. of, re, 8/15 ref. to Audit 6: Exam. Com't Frequency of, etc., to be special 1/5 order for meeting of Dec. 7 12/20 Letter re, to be sent to all MBank& 12/26 Question of, ref. to Exec. Cam't National banks/ Order-for forms for, to 12/28 be placed by Sec. of ons opini lly, annua Number require& 11/8 Governors re, , banks r membe by ts Report of Com't re repor 12/3 discussed be to ks FRBan of Reports of earnings published only semi-annually, voted 10/26 by Board ss Curti FRA. a, Canad to Shipaents of currency to submit weekly reports to Board 10/19re, Weekly: FRBoard's weekly reports concerning condition of FRBanks, question of form of, discussed mid agreed 10/20 upon y weekl re rick Brode Memo. of Mr. reports of member banks,presented by Gov. Harding at meeting of 11/8 Governors with FRBoard Reports of Committees of, Cam't on Issue and Redemption: report read and adopted report Reserve and Central Reserve Cities, of Comet on, tabled Reserve cities: Reserves: 831 974 960 979 607-8 820 503 464 471-2 605 7/25 81 7/10 17 s See Central reserve and reserve citie See also Deposits 152 CLU Reserves: Central reserve city reserve requirements: Protests against application of, to banks in Brooklyn; ref. to :!,:rec. . Com' t and Counsel 12/26 Com)utations, Comotroller's recent circular letter re, to be published in Bulletin 7/26 Computing, deductions to be made from liability accounts of nember banks when, opinion of Counsel re, Conservation of, letter from Mr. Oswald Stoll of London, ngland., re, sent to President 10/12 Country banks': Method of figuring country bank reserves, letter from President Hinsch of iifth-f2hird .N.B. of Cincinnati re, ref. to Legislation Com't 10/17 Deficiencies: MBank of Philadelphia, letter frou, re treatment of, presented 9/13 Pithank of aicrnliond, letter from, re treatment of, presented 9/16 Penalty for: Letter from Gov.iller proposing progressive penalty for, ref. to Com't /2 11/26 Letter from Gov.Liiller re collection of, ref. to Sec. 9/28 Message from Gov. 6trong re, 9/11 Equalizing of, behind deposits and notes: Discussion re, by FABoard and ovornors 11/8 Equa1iziug of, transfer of bills from nU3an - of ii.Y. to other 23.13anks; in order to bring about, agreed to by Governors 11/8 F.R.Bank of N.Y. 2oreigi coin brat. into U.S. should be turned over to, as part of its reserve, suggested 7/10 961 90 90 436 456 241 2/11 783 355 220 604 584 20 CMCII Reserves: Hibernia Bank & 2rust Co., New Orleans request of, re mtaining required reserves Matter presented to Advisory Council and FRBoard Method of figuring: Letter from Mr.R.B. Mellon re, ref. to Counsel Method of figuring, ref. to Exec. Com't Counsel asked to file opinion re, as soon as possible Method of figuring: Riggs N.B., inquiry from, re, on behalf of Mercantile N.B. of S.F. Abld, Gov., letter from, re, ref. to Mr. Elliott Opinion of Counsel re, approved for publication in Bulletin Opinion of Counsel re reserves required against Postal Savings, circulated Percentage of, behind deposit and note liabilities, general letter re equalizing of, to be sent to all FRBanks Letter from Gov. _Rhoads re, ref. to Com't an Operation of Philadelphia Bank Method employed by FRBank of N.Y. in maintaining practically equivalent reserves against notes and deposits Problems re, and relief of industrial enterprises, memo. prepared by Mr. Warburg re, discussed; resolution adopted Requirements: Change in, inquiry and report re, to be made at once Conference re, asked by President of Nashington Loan & Trust Co. of Washington, D.C. Granted 8/7 11/19 125 695-6 7/19 66 7/19 67 7/2 7/12 33 8/22 174 8/2 123 10/5 394 10/9 408 7/3 12/8 850 to 853 11/21 736 11/15 667 CXXIII C.) • Reserves: Requirements: Erroneous view of FRAgent Hardy re, Letter from FRA Jay re state bank legislation re, ref. to Counsel Letter from Er.R.B.Eellon of Pittsburgh re status of reserve city banks re, 11/5 573 12/3 814 7/19 63 Resolutions: Conference of Governors: Resolution re 8/2 meetings of, spread upon minutes Conservation of funds, etc., resolution 12/8 re, adopted Delivery of FRNotes by Comp. of Currency upon certification, resolution 12/12 re, adopted up Powers of member banks to accept 8/9 to 100%, resolution re, adopted FRBanks, by Purchase of circulation bonds, 12/24 resolution re, adopted 121 850 to 853 884-5 141 950 Rich, John H., exonerated of recent charges and insinuations 7/10 16 Richardson, Mrs. Lulu, salary of, fixed 7/18 59 Rodes, H. Clifton: Designation of, as director of Louisville branch, informally agree upon Roebling, Mr.F.W., application of, miler Clayton Act, approved Rowe, Mr.77.S., designated Director of Cincinnati branch Rudadh, Isadore, employment of, at day, approved Rulings: 7/11 27 9/18 284 10/31 11/15 542 665 7/31 106 a See Circulars and Regulations Rupee situation: discussion re, Russian roubles, sale of, suggested in intercepted cablegram from Agent of American Metal Co. in Paris to N.Y. Russians in German occupied. territory, letter from Comp. of Currency re remittances to, ref. to Gov. Russians in German territory, letter from Comp, of Currency re transmission of funds to, ref. to Aar Trade Board St. Joseph Valley Bank: Advertising of, letter of First N.B. of Elkhart, Ludlam, re, ref. to Gov. Proposed farm of advertising or, approved Salaries: 740 10/30 536 10/19 467 10/25 499 7/20 68 8/27 187 9/14 9-143 247 246 9/18 275 to 282 See under Staff RAgents Examiners FRBanks Savings bank situation in New Hampehir discussion re, Letter from Mr.Arthur M.Heard re, Savings Banks: Advisory Council, opinion of each member of, re withdrawals from, Condition of, in connection with Liberty Loan, discussed by Federal Advisory Council Discussion of FRBoard and Governors re coniitions of, 11/21 9/18 11/9 272 to 275 630 01= Savings Banks: Discussion re membership of, and plan for taking care of savings banks Mutual: Methods of relieving, in time of stress, letter from Mr.N.D.Vlinter re, ref. to Exec. Collet Relief of, discussion of Board re, Situation of, opinions of Governors re, stated at meeting with FRBoard Suggested amendments affecting Sawyer, FRAgent, letter from, re use of term "Federal Reserve" in titles of State banks 12/6 838 9/25 11/1 329 551-2 1118 9/18 609-10-11. 272 7/3 8 11/12 641 11/19 683 Secretary of Agriculture: Letter from, re special rates of disc. on warehoused agricultural products, ref. to Gov. 8/21 172 Secretary of State Phillips: Memo. from, re regulation of foreign exchange between U.S. and Sweden, ref. to Mr.Warburg 8/27 188 Section 13 of the Act: Opinion of Counsel re, approved 8/9 137 Schram, John Thomas: Seattle: Salary of, approved See Failure of Banks in Seattle Secret Service Division: Report of, re "bank scare" in Alabama, noted Section 5200, Revised Statutes: Conference of Gov. Harding with Senate Com't on Banking, re, reported 8/3o Inquiry from MBank of Philadelphia re, ref. to Counsel 12/17 Notes collateraled by bonds and endorsed by trust companies, opinion of Caunnel re, ordered circulated 7/17 Recommendation of Federal Advisory Council re, and as affecting the Food Administration Grain Corporation 9/18 21J1 917 51 271 Sections 5208-5209, Revised Statutes: Draft of proposed amendment to, ref. to Exec. Cam't 12/19 Sections 9 and. 13, FRAct: Opinions re, stated by Mr. Hamlin, approved 7/11 924 28 Security N. B. of Dallas: Permission aced by, to act as medium for discount of non9/11 member bank notes, ref. to Gov. Harding 221 Senate Bill 2908: Letter from Hon.R.L.Owen asking opinion of Board re, ref. to Com't on Legislation 9/25 332 8/313 201 Senate Bill 3089: See Chamberlaim Bill Senate Committee on Banking: Section 5200, Revised States, conference of Gov. Harding with, re, reported Service Charges: Opinion of Governors that nothing re, should be done at present Power of Board to regulate, ref. to Law Com't 11/9 625 8/23 179 Shelby Vinegar Co., complaint of, re exchange charges, ref. to Comtt #1 11/2 554 11/1 549 10/20 474 Ships in foreign ports (Austrian ships): Letter from Counsellor Polk of State Dept. addressed to Sec. of Treas. re remittances in payment for, 10/18 informally noted 462 "Shield sovereigns" Memo. from FRBank of N.Y. in answer to Inquiry re, received from Secret Service, noted Memo. from U.R.Moran re, ordered sent to FRBank of N.Y. for inquiry Silver: See also under Gold Silver: Application of Messrs. Handy & Harmon re shipments of, to Norway; no objection if Jar Trade Board 11/17 willing Exports of, discussion re, by FRBoard 9/12 and certain bankers and others Fluctuations in price of, FdBank of N.Y. to keep Board informed 9/21 re, Lack of subsidiary silver and one dollar bills complained of by Director 9/28 Saunders of New Orleans Licenses for return of, shipped from Canada to be refined and returned, letter from Deputy Gov. Kent re 10/18 issuance of, tabled Memo. from Mr. Strauss that no exportation of gold or silver be allowed to European countries without approval of War Trade Board, agreed 11/28 to Mexican situation re exports of, discussion re, by representatives of mining and 10/3 silting interests of Mexico Price of, letter re rise of, to be 7/13 discussed with Sec. of Treas. Shipping silver to India instead of gold, matter of, presented to Advisory 11/19 Council and FRBoard Sittution and price of, general discussion 9/21 re, Tentative approval granted Messrs. Handy & Harmon, to export silver to Norway, 12/6 to be recalled 680 234 312 354. 460 795 384-5-6 39 696-7 312 836 Silver (Canadian) Mr. Calkins of S.F. to issue permit for export of, from Alaska to Canada 10/23 485 Silver Sweeps, letter from Canadian Seamless Wire Co. re importing of, 9/28 359 Slattery, Mr.J.M., appointment of, as Ass't PRAgent at Atlanta, approved 7/17 51 Smoker (informal): Governors of FRBanks to attend, as guests of FRBoard 11/8 585 Soldiers: Contributions for, letter from Ass't Sec. of Treas. Newton to staff of Treas. Dept. re, ref. to Staff Com't 9/25 331 South Porto Rico Sugar Co. Applications of, to export U.S. currency, shall include silver certificates as well 10/9 417 10/19 470 9/12 236 Southern building, offer of, from Mr. H.J. Browne; Governor to decline Southern New England Telephone Co., opinion of Counsel re eligibility of notes of, spear, Russell B., as Assistant to PRA Perrin, designation of, approved 7/25 Staff of p R. Banks: Adelson, Mr.L.C., to remain in Birmingham, Ala., with pay, until needed elseWhere 8/8 Deputy Chairman: Nominations far 7/20 designation of, ordered presented F.R.Bank of Atlanta: Er.M.W.Bell placed in charge of fiscal agency department of, advised by Mr. Wellborn 12/10 Mrs.L.B.Butler, salary increase for, approved 9/20 Jas. Garrett as Manager of Transit Dept. approved 10/15 Gilbert, Ass't Cashier, salary increase for, approved 7/25 Group insurance for employees, letter from FRBank of Atlanta 8/21 re; plan approved 81 133 70 868 300 446 81 161 Staff of F. R. Banks: F. R. Bank of Atlanta: Group insurance for employees of report of Com't re, S.A.Hogam as Ass't Auditor, approved Salaries of certain employees at, approved Salary increases for, approved J.M.Slattery, appointment of, as Ass't FRAgent, approved Er.J.B.Tutwiler, general bookkeeper, salary of, increased Baltimore Branch: Appointment of Ass't Auditor at, statement and letter from FRA Hardy re, ref. to °omi t #1 Assistant to Chairman Hardy, appointment of, approved 8/8 133 10/15 446 12/10 7/16 7/17 866 45 52 7/17 51 12/7 847 12/5 829 12/24 952 F. R. Bank of Boston: F.H.Cartiss redesignated FRAgent 12/10 for One year Chas.A.Morss recommended for Governor 11/12 of, by Com't of Directors of Mr. approved 11/26 Election Mbrss Herbert VI. Scott, salary of, as 8/8 National Bank Examiner, approved Russell B. Spear, appointment of, as 7/25 Ass't FRAgent, approved F. R. Bank of Chicago: Bonus of 10% proposed by Gov. McDougal; ref. to Com't #1 Drafting of men from, letter from Er. Heath re, ref. to Gov. Mark A. Lies appointed Ass't FRAgent at, W.F.McLallen, designation of, as deputy chairman, ref. to Com't on Operation. 865 644 783 131 81 12/17 911 7/26 90 12/3 7/24 815 70 Staff of F. R. Banks: F. R. Bank of Chicago: Salaries at, increases in, approved Salaries at, letter from Gov. McDougal re, ref. to Com't on Staff Salary increases at, approved 8/27 188 8/27 12/28 189 980 F. R. Bank of Cleveland: 8/15 Increases in salary, approved Letter proposing bonus for employees, 12/10 ref. to Comi t #1 Mr.J.C.Nevta, salary of, as Ass't 12/31 FRAgent at, confirmed redesignation of, as 12/10 FRAgent, for one year F. It. Bank of Dallas: Auditor for, appointment of, letter from Gov. Harding to FRAgent 9/4 Ramsey re, noted Letter from FRA Ramsey re bonus of 4 for employees of, ref. to 11/23 Comet an Staff 9/11 Salaries at, changes in, approved Salaries of officers and directora. 11/12 indicated by Board MC.Weiss as Auditor, appointment of, 10/22 approved 154 866 993 865 207 751 224 641 480 Denver Branch: C.A.BurRbArdt, appointment of, as 8/30 manager and director, approved Letter from PEA Sawyer re appointment of Ass't FRAgents at, and at 12/10 other branches; ref. to Gov. 868 F. R. Bank of Kansas City: Mr.C.K.Boardman, designation of, as 10/31 Ass't FRAgent, approved 542 201 Staff of F. R. Banks: F. R. Bank of Kansas City: Mr.Jas.Thichanan, Jr., appointment 8/21 of, temporarily, approved Payroll of, increase of, Vs approved Mr.A.E.Ramsay desigmated FRAgent 12/19 for one year Mr.N.A.Thompson, as Ass't Cashier, 10/22 election of, approved Mr.C.Aaorthington dosignated Ass't 7/10 Cashier; approved Louisville Branch: Manager of, salary of, at ,!i5000. per 8/21 annum, approved John T. Moore, as cashier, salary 8/21 of, approved F. R. Bank of Minneapolis: Letter from Mr.Rich re proposal to organize or unionize staff of, 12/12 ref. to Com't #1 Mr.Curtis R.Mosher, Ass't FRAgent, 10/31 salary of, approved New Orleans Branch: Ass't Manager at, at 43600. a year, 12/24 authorized Mr.Wm.R.Patterson as Ass't FRAgent at, appointment of, ref. to Atlanta 12/28 Com't Mr.W.D.Wellborn, report of Com't 12/3 41 re salary of, adopted F. R. Bank of New Yoek: Bonuses to clerks, plan suggested by Gov. Strong re, informally approved 8/22 Mr.J.B..Case appointment of, as 9/28 Deputy Governor of, ratified 9/28 Mr.Jay, FRAgent, salary of, fixed 8/24 at 20,000. per annum 158 132 922 480 18 171 171 889 544 951 976 819 175 351 355 185 Staff of F. R. Banks: F. R. Bank of New York: Military service, letter from FRBank of N.x. re exemption from, of five employees, ref. to Com't on Staff 7/25 8/23 Salaries at, changes in, approved 7/17 Salary increases at, approved 7/16 Gov. Strang, increase in salary of, to , 50,000. a year, ref. to Staff Com't 9/28 F. R. Bank of Philadelphia: Hardt, Cashier: salary of, fixed at 8/2 12,000. per annum Arthur E. Post designated Ass't 1 7/10 FRAgent; approved Gav.itnoads, resignation of, 12/21 noted F. R. Bank of Richmond: Compensation for Ass't FRAgent at, letter from Mr. Hardy re, ref. to Com't #1 W.A.Crenshaw, appointmat of, as Accountant at FRBank of Richmond, approved Discussion of Gov. Seay and Board re organization and staff of, Mr.A.Wandley„ Azs't FRAgent, appointment of, as, approved Salary of Mraudley approved Salaries at, approved 79 178 52 45 355 121 19 938 11/26 783 7/17 51 9/13 240 12/5 12/12 7/10 829 889 18 F. R. Bark of St. Louis: Salaries of junior officers, increase in, approved 8/8 Mr.C.M.Stewart appointed Assit FRAgent at, - 8/2 132 120 Staff of F. R. Banks: F. R. Bank of San Francisco: Ass't Deputy Governor for, ref. to Gov.,and salary of 5,000. for 7/18 proposed officer,approved Ass't FRAgent, salary of .„;6,000. for, 10/17 authorized Calkins, Deputy Governor, proposed increase in salary of, to await 8/8 investigation by Mr. Miller Salary of Mr.Calkins fixed at 8/24 10,000. per annum Ira Clark, Ass't Cashier, salary of, 8/8 increased Walton N. Moore designated Actinp,. Ass't FRAgent in absence of Mr. Perrin 8/23 in Northwest dalton N. Moore, appointment of, as 12/18 Ass't FRAgent, approved . C.H.Eorrison, appointment of, at 10/2 4200. a month, approved Er.J.L.Reed, Ass't FRAgent, salary 8/9 increase for, approved Report of Co/nit 41 re salaries and 12/31 promotions at, approved Reserve Agent's Department, report of Com't on Staff re certain 613:n3es 7/31 in salaries in, approved 11/19 Salaries at, approved Staff of F. R. Board: Appointments and readjustments authorized to care for work during absence of Ass't 9/25 Sec. 12/28 Ass't Counsel, salary of, fixed Audit and 71-ramination: Wilbur S.Finch, emoloyment of, 11/16 as stenographer, approved 9/7 Lessenger, employment of, authorized Stenographer, appointment of, 10/31 authorized 59 457 133 185 133 131 916 366 137 993 107 700 333 977 678 213 543 Staff of F. R. Board: Charles H.Rartz, employment of, as messenger, by Sec. 9/,1•4 7/11 C.S.Bradley, salary of, increased of, pay in 10% of increase Charwomen, 7/12 approved '12/28 Counsel, salary of, fixed Counsel's Office: Adjustment of personnel in, memo. of Counsel re salaries and, 10/4 ref. to Staff Cam't of Counsel memo. n, Mrs.O.M.Crogha re resignation of, ref. to Fiscal 12/28 Agent decided December leave for employees, 12/24 upon Mr. Delamo's Office: Mrs.Lulu Richardson, salary of, fixed 7/18 Division of Issue and Redemption: Two additional counters in, appointment 10/2 of, authorized Exemption of employees: No application for, from military requirements, to be 7/10 made. 247 30 36 977 392 979 952 59 368 19 Foreign Exchange: Leave of absence for Miss Mabel Mickley granted 9/11 221 A.J.HSgerman, resignation of, accepted 12/28 979 9/25 332 7/31 108 Messengers: Changes in force of, approved Gov.Harding authorized to employ temporary messenger to• fill in daring vacations of regulars Mr. Miller's Office: Jay Lased approved as Secretary to Mr. Miller 9/24 318 CiniCV Staff of F. R. Board: Quarters of, change in, brot. to attention of Board Reinstatement of drafted employees of, report recommending, adopted. Salaries of, discussion re, Salaries of, readjustment of, Salaries of different members of, . fixed John T.Schram, resignation of, accepted Secretary's Office: Gmas. R. Jett, employment of, approved We stenographer in, appointment of, approved Mr.A.A.Moore, appointment of, authorized Mr.A.E.Smith, place of, to be held open pending result of training at Ft. Sheridan 7/2 6 10/12 10/9 10/15 438 407 446 12/28 975 11/14 657 11/16 678 10/24 494 12/21 941 8/15 153 Statistical Division: Additional employee for two weeks, in, authorized 8/7 Appointment of stenographer and two additional clerks in, authorized 7/10 Mr.J.E.Bizzell, salary of, increased 8/21 Extra clerk in, authority given to employ, at 43. per diem 8/6 L.R.Gottlieb, appointment of, in, authorized 12/28 Hours of work in, memo. re, ref. to Com't on Expenditures 7/3 Mr.A.H.Taring, transfer of, to Division of Audit & Exam., approved 8/21 Miss Pauline Mainden, appointment , of, approved 8/28 127 13 159 124 980 8 158 192 CLOW/ Staff of F. R. Board: Statistical Division: Male stenographer in, employment of, at 4100. per month, authorized Mr.Verne Simpkins, appointment of, approved A.E.Smith, appointment of, in, authorized TWO temporary employees, Sec. to continue, for such time as may be necessary J.E.Tyler, salary of, increased J.R.VanFossen, appointment of, approved Susan &Wyatt, appointment of, as permanent member of Board's staff Johnston R.Zimmerman, appointment of, approved Terms of office, report of Cam't on Staff re, of certain designated officers, approved Transfers and readjustmentsapproved Tuaker,WW., salary of, increased Vacancies, authority to fill, given Sec. Zimmerman, J.R., resignation of, accepted Staff of Treasury Department: Letter from Ass't Sec. of Treas. Newton to members of, re contributions for soldiers, ref. to Staff Com't 12/19. 10/19 469 12/28 980 10/4 8/21 393 159 10/19 469 11/28 798 10/19 469 7/31 7/10 7/1/ 108 19 30 8/21 158 12/28 979 9A5 331 Standard Oil Co. to be asked to continue to report to Board re shipments of currency to 10/23 Mexico 927 485 CL'arVII State banks and trust companies: Advertising of clearing membership an the part of State banks, Er. Broderick telegraphed re, and if same 11/14 would be allowed of Application of Clayton Act to, opinion Acting Attorney General re, 9/13 submitted Continuance of directors, opinion of Counsel 7/17 re, after membership accepted, ref. District of Columbia: Trust companies in, permitted to withdraw from System on same conditions as State institutions, 10/31 opinion of Counsel re, Eligibility of Trust companies which exercise power to guarantee mortgages and issue surety bonds, opinion of Counsel re, 9/20 ref. to Law Cora't Entrance into FRS: American Exchange Bank, Milwaukee, 12/17 dis., approved 11/30 American State Bank, Athens, (Ia., approved American State Bank, Detroit, 12/12 Mich., approved 8/28 American Trust Co., Boston, approved American Trust Co., Charlotte, N.C., letter from FRA Hardy re, ref. 12/5 to Com't 43 American Trust Co., Charlotte, N.C., memo, of Counsel re status of, as applicant for admission, discussed 12/10 American Trust Co., Jacksonville, Fla., 12/21 approved Applications of non-member banks 10/17 read by Mr. Warburg Austin State Bank, Chicago, Ill. 11/7 approved Baltimore Commercial Bank, Baltimore, 11/15 Md., approved Baltimore Trust Co., aaJtimore, 11/2 Md., approved 656 242-3-4 51 545 532 910 802 887 193 830 867 942 455 582 670 563 State banks and trust companies: Entrance into FRS: Bank of East St. Louis, application 9/25 of, tabled Berk of Genesee, Batavia, N.Y., 11/28 approved Bank of Italy, letter from Mr. 8/10 Perrin re, ref. to Gov. Counsel Bank of Italy, opinion of 9/7 re questions raised by, Er. of Bank of Italy, report Miller's conversation with Exec. Com't re conditions of Bank's 9/26 entry into System Bank of Kimberly, Kimberly, Idaho, 11/23 approved Wash., Rosalia, Bank of Rosalia, 11/21 approved YIJ.11iston, Bank of Williston, ' 10/2 N.D., approved. Bankers Trust & Savings Bank, 7/10 Minneapolis, approved Bankers Trust Co., New York City, 10/17 approved. Bloomfield Trust Co., Bloomfield, 11/23 N.J., approved are which banks re Board's policy subject to spedified conditions of membership, Gov. Harding to write Mr. Perrin re, in connection with 10/22 Seattle banks Hudson, Boles State Savings Bank, 12/12 Mich., approved Bridgeport, Co., Bridgeport Trust 11/16 Conn." approved La., Brighton, Brighton State Bank, 12/28 approved N.Y., Brooklyn Trust Co., Brooklyn, 10/31 approved Co., Brunswick Bank & Trust 11/23 Brunswick, Ga., approved Butler Banking Co., Hood River, Ore., 11/28 approved 335 798 143 212 337 751 736 367 19 455 751 480 887 678 981 643 751 799 State banks and trust companies: Entrance into FRS: California State banks, corresp. between Mr. Perrin and Mr. Miller re admission of, to 12/21 FRSystem, noted Trust Co., & Camden Safe Deposit 11/28 Camden, N.J., approved barar membership, Campaign for State statement re, and cost of sane, 11/8 made by Gov. Harding 9/25 Canal Bank & Trust Co., approved Capitalization and restrictions of State banks entering the System, dismission re, by Governors* and 11/8 FRBoard Central Bank & Trust Corporation, 11/16 Atlanta, Ga., approved Central Savings Bank, Detroit, Mich., 2/12 approved Mich., Central State Bank, Jackson, approved subject to conditions 8/23 recomzended by Corn' t Central Trust Co., Nev; York City, 10/12 approved Certain State banks of New Orleans, letter from Mr. Marcus Walker indicating that, saan to enter 8/27 System Charles River Trust Co., Cambridge, 12/5 Mass., approved Ohemung Canal Trust Co., Elmira, 12/7 . N.Y., approved Chemung Trust Co., letter to President of, re certain conditions re admission of that institution to 12/14 System, approved Chicago Savings Bank and Trust Co., 9/28 approved Citizens & Southern Bank, Savannah, 11/14 Ga., approved Citizens & Southern Bank, Savannah, Ga., proposed letter to President of, re conditiona of entry, to be trans11/21 mitted 942 798 612 334 611-2 08 887 179 437 189 827 848 901 366 658 736 CXL State badks and trust companies: Entrance into FRS: Citizens & Southern Bank, Savannah, Ga., modifications in terms of 12/12 admisslan of, approved Wis., Clinton, Citizens Bank, 10/29 approved Norfolk, Citizens Bank of 11/23 Norfolk, Vs., approved Ga., Point, Citizens Bank, West 12/19 approved Savings & Citizens Cammercial 11/7 Bank, Flint, Mich., approved; Co., Trust Citizens Commercial 10/31 Buffalo, N.Y., approved Co., Trust Citizens Savings & 11/2 Cleveland, Ohio, approved Is., Gilman, Bank, Citizens Savings 12/7 approved Bank, Fla., Tampa, Citizens State 11/30 approved Bank, & Savings Citizens Trust 10/31 Columbus, Chi°, approved N.Y., Utica, Citizens Trust Co., 11/19 approved 12/21 approved City Bank, Syracuse, N.Y., City Trust & Savings Bank, 11/19 Youngstown, Ohio, approved Columbia Trust Co., New York City, 11/12 approved Commercial & Savings Bank, St. Clair, 12/17 Mich., approved City, Commercial Savings Bank, Mason 9/11 Iom, approved ia, Commercial Trust Co., Philadelph 11/28 Pa., approved Helena, Bank, Conrad Trust & Savings 11/28 Mont., approved Corresp. re membership of California State banks, ref. to Gov. Harding 12/19 and. Mr. Miller 887 530 751 927 582 543 563 848 802 543 711 942 711 641 910 226 798 799 921 CALI State bfinks and trust companies: Entrance into FRS: B. Dansard & Sons State Bank, 11/12 Monroe, Mich., approved Detroit Savings Bank, Detroit, 12/5 Mich., approved Dexter Horton Trust & Savings Bank, 12/7 Seattle, Zadh., approved Dime Savings Bank, Detroit, Mich., 12/5 approved Discount & Deposit Trust Co., 12/21 Kentland, Ind., approved with banks of re admission Discussion smaller capital than required, by 11/19 Advisory Council and FRBoard Eaton County Savings Bank, Charlotte, 12/12 Mich., approved Effingham State Bank, Effingham, Ill., 12/12 .approved Eligibility of trust companies in Pennsylvania re, ref. to Com't an 10/12 Membership Enderlin State Bank, Enderlin, N.D., 11/19 approved Equitable Trust Co., New York City, 10/24 approved Exchange Bank of Kentucky, Mount 11/12 Sterling, Ky., approved Pleasant, Bank, Mt. Exchange Savings 8/28 La., approved Farmers & Mechanics Bank, Hart, 12/12 Mich., approved Depot, Co., Prairie Banking Farmers 11/15 Ohio, approved to accept not desires now Bank membership in System; matter ref. 11/26 to Comp. of Currency Nan., Bank, Fairview, Farmers State 8/21 approved Valley, Spring Farmers State Bank, 11/12 Minn., approved 644 828 848 827 942 693 887 887 439 711 488 644 196 887 670 781 158 644 CXLII State banks and. trust companies: Entrance into FRS: Farmers State Bank, Vail, Iowa, .12/21 approved Fidelity Trust Co., New York City, 11/2 approved Fidelity Trust Co., Philadelphia, 12/12 Pa., approved Fidelity Trust Co., Tacoma, Wash., 12/24 approved First Commercial State Bank, Royal 12/28 Oak, Mich., approved First Savings & Trust Co. of 9/26 Whitman County, Wash., approved First Savings Bank, Sutherland, 12/12 Iowa, approved First Standard Bank & Trust Co., 12/12 Maysville, Ky., approved First State Bank, Brownsville, Tenn. Board desires more information and that the bank operate for a time before 9/25 application is acted upon First State Bank of Detroit, Detroit, 12/5 Mich., approved First State Bank, LaCrosse, Wash., 12/17 approved First State Bank of Magnolia, 12/17 Magnolia, Ill., approved First State Bank, Opheim, Montana, 9/11 approved First State Bank & Trust Co., Cuero, 12/28 Texas, approved First Trust & Savings Bank, Chicago, 11/7 Ill., approved Foreman Bros. Banking Co., Chicago, 8/21 III., approved Franklin Trust Co. Brooklyn, N.Y., 10/29 approved Genesee Exchange Bank, Genesee, 9/26 Idaho, approved New City, Bank, York German-American 12/3 approved 942 563 887 953 981 537 887 887 334 828 910 910 226 981 582 158 530 337 816 CXLIII State banks and trust companies: Entrance into FRS: German-American Bank, Saginaw, Mich., desire of, to join FRSystem, noted in letter from 11/15 FRA Heath Germania Bank of the City of 11/16 New York, .approved Girard Trust Co., Philadelphia, 10/29 Pa., approved Gladstone State Savings Bank, 12/21 Gladstone, Mich., approved Governors' opinions re admittance of State banks of small capital into 11/9 the FRaystem; Governors opposed W. R. Grace & Company's Bank, 11/7 New York City, approved Grafton Bank & Trust Co., Grafton, 11/21 W.Va., approved Grand Haven State Bank, Grand Haven, 12/12 Mich., approved Grand Rapids Savings Bank, Grand Rapids, 11/23 Mich., approved Guaranty State Bank of Tahoka, Texas, withdrawal of application of, 8/27 not yet acted upon Guardian Trust and Savings Bank, 7/2 approved Guaranty Trust Co., application of, 10/a tabled City, York New Co., Trust Guaranty 10/3 approved Harris Trust & Savings Bank, Chicago, 12/7 Ill., approved Harris Trust Co., telegram from PRA Heath notifying Board re readiness of, to 12/12 accept admission Hibernia Trust Co., New Orleans, La., 8/10 approved Highland Park State Bank, Hignland 12/5 Park, Mich., approved 667 678 530 942 630 582 736 887 752 186 4 370 375 848 891 147 827 CALIV State banks and trust companies: Entrance into FRS: Hillsboro Bank & Savings Co., 11/12 Hillsboro, Ohio, approved , Hingham Bank, State Hingham 9/11 Montana, approved Ill., , Chicago Bank, State Hyde Park 8/30 approved Illinois State Bank of East St. Louis, application of, declined Industrial Savings Bank, Flint, Mich., approved Industrial Trust Co., Providence, R.I., approved Information re, authorized to be given Mr. Jerome Thralls upon application International Trust Co., Denver, Colo., approved Interstate Trust & Banking Co., New Orleans, La., approved Ion Loan & Trust Co., approved Jefferson Com'l and Savings Bank, Gretna, La., approved Jefferson Trust & Savings Bank, Gretna, La., approved Joliet Trust and Savings Bank, Joliet, Ill., approved 644 226 202 7/10 19 9/20 301 11/7 582 12/12 893 7/27 92 12/12 8/2 887 119 7/24 8/8 77 130 9/12 238 12/5 827 Kaspar State Bank, Chicago, Ill., 11/16 approved Rapids, Grand Mich-, Kent State Bank, 11/16 approved Ill., Cicero, Bank, Kirchrer State 12/24 approved Ladd & Tilton Bank, Portland, Ore., 11/21 approved Louis, St. Bank, de LaFayette Southei 10/9 approved 678 678 953 736 410 CXLV State banks and trust companies: Entrance into FRS: Lansing State Savings Bank Lansing, Mich., approved Lapeer Savings Bank, Lapeer, Mich., approved Lawrence Savings & Trust Co., Newcastle, Pa., approved Letter of President of U.S. re, authorized sent to all FRAgonts Livestock State Bank of Portland, Oregon, approved Los Angeles banks: telegram from Mr.Perrin re; Gov. to make suitable reply Louisville Trust Co., letter from President of, re membership, discussed Lubbock State Bank, Lubbock, Texas, approved Lumbermens Bank, Hoquiam, Wash., approved 12/19 927 11/12 641 10/21 488 10/15 418 8/22 175 10/20 471 11/7 582 9/14 12/21 H.C.McLachlan & Co. State Bank, 12/12 Petersburg, Mich., approved Madison County Trust & Deposit Co., 12/12 Oneida, N.Y., approved City, Manhattan Company, New York 11/2 approved Manufacturers Trust Co., Brooklyn, 11/2 N.Y., approved Ala., Marion Central Bank, Marion, 11/9 approved Milwaukee, of Bank Marshall & Ilsley 7/17 Wis., approved Martinsville, Martinsville State Bark, .12/24 Ill., approved Baltimore,,Md., Co., Maryland Trust 12/12 approved Merchants Bank of anona, Minn., 8/24 approved Metropolitan Bank of New Orleans, 9/25 approved 218 953 * 887 887 563 563 616 17 953 887 185 335 ma,vi State banks and trust companies: Entrance into FRS: Metropolitan Bank, New York City, 10/24 approved Metropolitan Bank, Seattle, Wash. 12/17 approved Metropolitan Trust Co., Boston, 11/28 Mass., approved Metropolitan Trust Co., New York City, 10/22 approved Miners Deposit Bank, 14ykens, Pa., 10/12 approved Morrill & Janes Bank, Hiawatha, 11/28 Kansas, approved Newark Trust Co., Newark, Ohio, approved Newton Trust Co., Newton, Mass., approved Niles City Bank, Niles, Mich., approved Noel State Bank, Chicago, Ill., approved Northwest New York Trust Co. of Watertown, N.Y., approved Northwestern State Bank, Bellingham, Wash., approved Norwood Trust Co., Norwood, Mass., approved 910 799 481 437 799 12/21 942 10/2Z 481 12/5 827 11/23 751 7/17 47 12/17 910 7/24 76 Oakland Savings & Trust Co., Pittsburgh, 12/24 Pa., approved Ohio Banking & Trust Co., Massillon, 11/14 Ohio, approved Old State Bank, Piedmont, Mich., 12/12 approved Oneida County Trust Co., Utica, N.Y., 11/23 approved Ottumwa Savings Bank, Ottumwa, Ia., 8/10 approved Passaic Trust & Safe Deposit Co., Passaic, N.J., approved 488 11/16 953 658 887 752 147 673 CXLVII State banks and trust companies: Entrance into FRS: Ponder State Bank, Ponder, Neb., approved 12/12 Peninsular State Bank, Detroit, Mich., approved 12/12 Pennsylvania Co., Philadelphia, approved,for the insurance of 12/17 lives and granting of annuities Peoples Bank & Trust Co., Westfield, 11/23 N.Y., approved Peoples Bank of Harrisonburg, Va., 8/21 approved Peoples Savings Bank & Trust Co., 8/10 Chase City, Va., approved Peoples State Bank, Detroit, Mich., 8/23 approved Membership payme nts being made by, 9/7 Peoples Trust Co., Brooklyn, N.Y. 11/15 approved Philadelphia Trust Co., Philadelphia, 11/21 Pa., approved Pittsburgh Trust Co., Pittsburgh, 12/7 Pa., approved Modifications in terms of 12/12 admission of, approved Plainfield Trust Co., Plainfield, 11/28 N.J., approved Plan devised by Mr.F..4%.Elsmerth for securing State bank members of FRSystem, submitted by J.H.PueliCher 11/7 Princeton Bank & Trust Co., Princeton, 12/28 N.J., approved Rahway Trust Co., Rahway, N.J., 12/7 approved Report of Com't #3 that State banks may apply for membership after organization 11/14, and before beginning business Rochester Savings Bank, Rochester, 12/5 Mich., approved Rome Trust Co., Rome, N.Y., 12/19 approved 887 837 910 752 158 147 179 212 670 736 848 887 798 583 981 848 658 828 927 CXLVIII State banks and trust companies: Entrance into FRS: Romeo Savings Bank, Romeo, Mich., approved 12/5 St. Anthony Falls Bank, 12/5 Minneapolis, Minn., approved St. Clair County Savings Bank, 10/29 Port Huron, Mich. St. Lawrence Trust Co. Ogdensburg, 9/13 N.Y., approved Sault Savings Bank, Sault Ste. Marie, 9/13 Mich., approved Savannah Bank & Trust Co. Savannah 10/31 Ga., approved Scandinavian Trust Co., New York 11/14 City, approved Security Trust & Savings Bank, 12/12 Cedar Falls, Iowa, approved Sioux Falls Savings Bank Sioux Falls, 10/3 S.D., approved Southwest State Barar, Wichita 7/24 vansas, approved Spokane & Eastern Bank, advice that . application of, for admission, had 7J12 been transmitted 9/26 Approved s/e. State Bank of Chicago, approved State RaTik of Evanston Ill., 8/21 approved State Ralik of Wilbur, Wilbur, Wash., 12/7 approved State Savings Loan & Trust Co., Quincy, - 12/12 Ill., approved State Street Trust Co. of Boston, requirement of list of loans in which directors are interested, to 12/10 be waived Steubenville Bank & Trust Co., Steubenville, 12/26 Ohio, approved Stockton Savings Bank, letter from, 11/15 re proposed membership, noted Suburban Trust & Savings Bank, 12/19 Oak Park, Ill., approved 827 828 530 242 242 543 658 887 375 76 37 337 130 158 848 887 866 961 666 927 CX1IX State banks and trust companies: Entrance into FRS: Telegram from Mr. Miller to Mr. Perrin re probable application of Bank of Italy, to be sent Trust Company of Fulton County, Gloversville, N.Y., approved Trust Company of Georgia, Atlanta, Ga., approved 10/19 470 12/19 927 12/5 827 Union & New Haven Trust Co., New Haven, Conn., approved 11/23 Union Bank, Jackson, Mich., approved 11/16 Union Bank of Pike, Summitt, Miss., approved 9/25 Union Securities Co. of Spokane, letter from, re banks under De-oositors' Guarantee law in Washington, ref. to Counsel 7/31 Union State Savings Bank & Trust Co., Kewanee, Ill., approved 12/7 Union Trust & Savings Bank, Flint, Mich., approved 11/28 Union Trust Co. of Chicago, Ill., application of, approved 8/30 Union Trust Co., New York City, approved 11/9 Union Trust Co., Pittsburgh, Pa., approved 11/23 United States Bark of Chicago, approved 11/7 U. S. Mortgage & Trust Co., New York City, approved 11/12 U. S. Trust Co., letter from Fail Jay re prospective membership of, in System 11/26 U.S. Trust Co., New York City, * approved 12/12 Utica Trust & Deposit Co., Utica, N.Y., approved 11/19 751 678 335 110 848 799 202 616 751 582 644 784 887 711 CL State banks. aro trust companies: Entrance into FAS: Volusia County Bank, Deland, Fla., approved ' 12/21 Washington Loan & Trust Co., 11/2 Washington, D. C., approved Wayne County & Home Savings Bank, 11/15 Detroit, Mich., approved Westminister Bank, Westminister, 11/23 S.C., approved Vilmington Trust Co., Wilmington, 12/24 Delaware, approved Worcester Bank & Trust Co., Worcester, 11/19 Mass., approved 912 563 670 751 953 711 Yellowstone Valley Bank & Trust Co., Sidney, Montana, action re application of, 7/10 19 suspended 8/24 185 Approved Functions exercised by Trust Companies making application for entrance into 10/24 491 FR.System, opinion of Counsel re, Industrial Savings Bank, Flint, Michigan, application of, received; action to be suspended until Gov. Rarding obtains 248 9/14 farther information Information from prospective State bank members, memo. of Mr. Broderick re, ref. to Mr. 8/8 135 Delano State Banks: Acceptances, conditions governing rWring of, by, in connection with admission requirements 8/23 179 of FRSystem,* ref. to Law Com't Twelfth District: Value of securities awned by applying State institutions in, report by Mr. 10/31 544 Miller re, Use of term "Federal Reserve" in titles of 8 State banks, letter from PRA Sawyer re, 7/3 • CLI State banks in FRSystem: See also Membership in FRSystem Mr.W.J.Gray of Detroit, letter from, re member7/2 ship of, State Street Trust Co. of Boston: Requirement of complete list of loans in, which directors are 12/10 interested, to be waived 866 Statements from borrowers: Correspondence re, discussed; Gov. Harding's letter approved 8/15 153 Statements to press: Letter of caution re giving 10/15 of, to be sent to all FRBanks 448 Steamer Angel Perez: Case of, which is being held at Norfolk because of gold in her cargo, presented by Mr. Strauss 9/21 310 8/2 120 Stewart, Mr.C.M., appointed Asst FRAgent at St. Louis . Stock: See also Capital Stock. Application for, approved Applications for additional, approved Applications for original, approved 8/15 73 21 1 9/11 9/19 11/19 11/23 12/12 12/19 10/26 7/17 7/24 7/31 8/21 8/28 9/11 9/19 10/2 10/3 10112 9 149 161 f62 to 170 223 294 702 to 710 749 888-9 925 506 54 76 107 162 196 222-3 293-4 367 376 436-7 CLII Stock: ApPli tions for original, approved Application for surrender of, Applications for surrender of, approved Application for surrender of Applications for surrender of, approved 10/26 11/19 11/23 12/12 12/17 12/19 12/26 505 701 750 888 911 925 962 7 / 718 3 7/24 7/31 8/15 8/21 8/28 9/11 9/19 10/26 109 11/23 10/2 10/3 10/12 12/12 12/19 917 9/ 11 9 57 76 107 148 170 193 223 294 504 700-1 750 367 376 437 888 925 214 224 Cancellation of stock in FRBank of Atlanta, now in liquidation; letter signed by 11/14 Gov. re, to be transmitted larg,pe in, of Second N. B., Malden, Mass., 10/9 approved Changes in, for certain banks, recommended 9/28 Holding of, by State member banks, question 8/'23 of, ref. to Cam't an Law Holdings of, by State banks which enter the 8/30 FB.System, memo. re, approved Ownership of, letter from FRA Wellborn re, by members of his family; also re 9/11 transfer of such stock, noted 657 409 356 178 202 220 CLIII Stock: Reduction of capital stock of Home N. B. of Cleburne, Texas, approved Retention of, by State banks admitted to the FRSystem, memo. of Counsel re, presented Retirement of, held by Hibernia N. B. of New Orleans, letter from FRA Wellborn re, ref. to Counsel 11/23 747 9/4 204 12/3 815 Stoll, Mr. Oswald, of London, England, letter from, re conservation of reserves, sent to President 10/12 Strong, Gov. Benjamin, letter from, re audits of 7/3 Gold Settlement Fund. Letter from, to Gov. Harding, re subjects discussed on Gov. Harding's recent N. Y. visit 8/10 145 "surplus' Division of Statistics authorized to carry item entitled ''Surplus" to follow "Capital Paid In." 12/28 983 Sweep smelters, exportation of production of, in New Jersey, matter of, to be adjusted by Mr. Kent, Deputy Governor 10/4 391 Taxation: Acceptances: Stamp tax on, telegram from Mr.L.E.Piersaa re harmful effects 10/2 of, read Application of stamp taxes to discounted paper, letter re, read by Gov. Harding 11/30 Credit instruments: letter from Gov. Sew re two cents per 4100. tax on, read 11/2 436 7 369 801 553 CLIV Taxation: Exemption of notes secured by Liberty Bonds, Board to look into matter of amendment of law in order to 11/2 provide, F. R. Bank of Dallas: Applicability of Federal taxes to salaries of FRBanks, opinion of Counsel re, ordered transmitted 12/17 to Gov. Van Zamit F. R. Bank of St. Louis: Corresp. between Gov. Harding and, re stamp tax an bmir paper, 12/7 noted Member Ranks' stockholdings in FRBanks, opinion of Counsel re taxability 10/24 of, ref. back National Banks: State taxation of, letter from Assit Sec. of Treas. Leffingwell 12/5 re, ref. to Com't 43 Ohio decision re taxability of investments in Reserve bank stock, Counsel asked. 10/31 in re any appeal taken from, from banks, by letter member taxes Payment of 12/10 FRA Martin re, ref. to Gov. Promissory notes of member bank's, exemption of, from stamp taxes, letter written by Gov. Harding to Hon. Claude Kitchen 12/7 re, approved Stamp tax on 15-day motes, U.S.securities or commercial paper, Governors to 11/9 foraard resolution re, Report acceptances: trade Stamp taxes on of Com't #3 re, affirmative; 4nswer 11/12 to Mr. Perrin's inquiry State by banks, National of Taxation Governments, report of Com't 43 re, 12/12 approved of, exemption re Discussion Trade Acceptances: 12/5 tax. stamp from 553 909 844 492 826 544 870 848 624 644 891 826 CLV ci Tennessee Hermitage N.B., loans to President of, from trust funds, memo. of Mr. Broderick 9/4 re, ref. to Comp. of Currency Terre Haute, telegram from, re interim receipts for Liberty Bonds, replied to 7/17 21)6 51 Texas Bank & Trust Co. of Galveston: Recommendation of Can't on Law re state of, presented by Gov. 11/28 Harding 797 Thomas Owen & Co., letter from, re business relations with German firms in South America, ref. to Com't 4 .2 10/24 493 7/10 7J13 25 14 39 79 10/3 9 24 376 318 Toevs, Mr.G.I., recommended as Director of Spokane branch, by Mr. Miller Appointment accepted Acceptance read ( ,1k 1 Toole, Mr.d.H.: Winder, Ga. Board's instructions re, complied with, advised by FRA Wellborn Resignation of, to be asked Status, letter from Gov. Harding to FRA Wellborn re, noted Towner Bating Bureau, communication from, re rates on bonds, ref. to Gov. 9/25 8/22 331 176 Trading with the Enemy Act: Checks refused under, letter from Marcus Mason & Co. re, ref. to Bureau 12/15 of Enemy Trade Proposed paragraphs for report of Sec. of Treas. re, read by Mr. Strauss 11/2 559 Trading with the Enemy list: Attention called by Mr. Strauss to, lest permission to export gold be granted 12/11 to any on list 874 902 ova Treasury Notes: One year 3%, letter of Ass't Sec. of Treas. Crosby to Press. of U.S. ,re purchase of, by FRBanks Trustee powers: Tucker, Mr.CJ.: approved 7/3 8 See Fiduciary powers Increase in salary of, 7/11 30 Twelfth District: Chief National Bank RYAminer of, letter from Mr. Perrin re quarters for, 11/19 in proposed new building of FRBaak 699 10/19 469 7/3 12 Union N. B., Houston, Texas: Letter from, re Board's policy re national bank circulation, 10/19 tabled 469 Tyler, Mr. John, resignation of, accepted Union N. B., Clarksburg, W.Va. Trustee powers granted to, U. S. Bonds: See also Liberty Loan Acceptance of, on deposit by banks, letter 10/29 from Sec. of Treas. re, read Depositing of, with banks, letter from Mr.H.S.Black re, and documents 10/2 prepared by Counsel re, presented dividends, Depreciation on, when declaring letter to FRBanks re policy in 11/19 providing for, ref. to Exec. Camit banks, savings Issues of, effect of, on mutual informal conversation with Senator 10/2 Page reported by Gov. Harding, re, 528 556 699 365 CLVII U. S. 3onds: Play for payment of coupons of, • Faianks, approved Purchase of, by FRBanks, letter Gov. Seay of Richmond re, U. S. Lotes: Purchase of, in aaitzerland for account, report of French kttache re, by 11/12 641 10/5 394 10/30 535 7t,4 74 Valiant, Miss Fa., resignation of, accepted 10/24 494 Vault: Inventory of contents of, report of Com't re, 10/24 494 Venon, 3.11.,Inc., letter fro,n, re Scandinavian exchange 8/10 144 from German Embassy U. S. Securities: Loss or depreciation on, Fdidank of San Francisco to carry on their books, approved V Co., New York, letter from, re Voorhees bank advertising, ref. to Gov. 8/23 178 *C;aldeck, 1!r. Herman, authorized to retain official relationships with two institutions 10/12 temporarily 439 Walker, Marcus: letter from, re shipment of gold 7/26 to Spain via Havana 88 OLVIII 7)hr conservation of capital, letter from Mr. J.H.Smith re, ordered filed War Emergency Finance Corporation: Letter from President re, Resolution of Beard re, adopted Sec. of Treas.'s reply to above 12/5 12/12 12/8 12/10 825 883 850 to 853 870 War finances, saggestians of State Council of Defense in California re, letter of Mr. Ftrrin re, circulated 8/23. 160 War RI sic Insurance Bureau: Gov. Harding to take UD with, matters of mutual interest relating to transfers of employees 10/4 292 7/31 103 11/21 734 War Savings Certificates: Issue and sale of, plan re, Sec. of Treas.'s statement re, Memo. of Counsel and proof of circular re, approved Statement by Mr. Delano before Governors and ZaBoard members re Substitute for gold as holiday gifts, report of Com't•#1 recomaending, as, approved 11/8 11/16 War Savings problem, simplification of, suggested by Post Office Dept., discussed 11/15 but no action taken War Trade Board: Approval of, to any exportations of gold or silver to European countries, to be required Names of consignees of coin Shipments to be submitted to, regularly, approved Relations with new War Trade Board considered; Mr. Warburg and Mr. Harding to continue discussion later 589 676 669 11/28 795 12/12 881 9/27 350 CLIX Warburg, Mr. Paul M. Appointment of, as Vice Governor of FRBoard, by President 8/21 172 `Warrants: F. R. Bank of Philadelphia: Permission granted, to take i)50,000. County of Gloucester, wzgrrants 11/12 643 Weekly report re condition of FRBanks, form of, discussed and agreed 'anon 10/W 471-2 Weekly statement: in, approved 10/2 369 Method of, proposed change letter from, re increasing the supply of one dollar bills, noted Weeks, Senator: 8/27 187 11/26 785 Wheat moving period, gold needed during, stated by Canadian Bankers Association representatives 10/29 in conference with Board 515 Wellborn, Mr•Walter: status of, reported informally by Gov. Harding Wheeler, Mr.J.R., Columbus Wisconsin: from, circulated Miskey: Mr. letter Withdrawals and loss on, report by rburg re, ref, to Gov. Harding 7/24 7/17 Willis, H. Parker: Authority of, to sign for Fiscal Agent, 12/28 voted Lectures at Columbia University for three months of spring term to 12/31 be continued Withdrawals: 53 983 994 See also State Banks and Trust Companies: Entrance into FRS Wold, Governor: exonerated of recent charges and insinuations 74 7/10 16 CLX 7/19 63 Woodruff, Mr.George M., application of, to serve as director of a national bank and a trust 11/14 company, approved 657 ;Toodford, Mrs.13.C., resiTiation of, accepted Worthington, Mr.C.A., designated Ass't Cashier of FilBank of K.C., at -3,000. per annum 7/10 18 Woten; Mr.Claude S., appointrant of, National 3ank Examiner, approved 3/21 171 9/4 207 8/37 136 9/7 7/18 213 59 8/21 8/30 170 dyoming: Assisunt of, to Omaha or to Denver branch, question of, ref. to Coill't on Operation of K.U. branch Shifting of, to Denver braneh, opposed by Mr. Liner of Omaha N. B. State of, to be added to Omaha branch territory, approved Wyoming batiks: Poll of, to determine to vhich branch of 2ALank of K. C. they prefer to be assigned, ordered
@FedFRASER