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INDEX
July - December
19 18
Page
on deferred
Accept up to 100%, power to, acti
olk, Va.
Norf
National Bank of Commerce,
ted
Accept up to 100%, power to, gran
s
American National Bank of Austin, Texa
Md.
e,
Baltimore Trust Co., Baltimor
gh, Pa.
Bank of Pittsburgh, N. A., Pittsbur
.
,
Minn
Paul
Capital National Bank, St.
Tenn.
his,
Memp
,
Bank
Central State National
York
New
Central Union Trust Co.,
Orleans, La.
Commercial Trust & Savings Bank, New
Washington
tle,
Seat
,
Bank
onal
Dexter Horton Nati
Washington
Exchange National Bank, Spokane,
, Minneapolis, Minn.
First & Security National Bank
s
First National Bank, Houston, Texa
Wis.
e,
auke
Milw
,
Bank
First National
s
First National Bank, Navasota, Texa
York
New
of
Bank
First National
ona
First National Bank of Nogales, Ariz
,
Phila., Pa.
phia
adel
Phil
of
Bank
First National
.
First National Bank, St. Paul, Minn
on
ingt
Wash
tle,
Seat
,
Bank
First National
s
Texa
h,
Wort
Fort
,
Bank
onal
Fort Worth Nati
Ga.
Fourth National Bank of Atlanta,
Y.
N.
,
York
New
Co.,
Guaranty Trust
Ill.
ago,
Chic
,
Bank
ngs
Savi
&
Harris Trust
ton, Texas
Houston National Exchange Bank, Hous
Louis, ::io.
Eachanics-American National Bank, St.
Pa.
Mellon National Bank of Pittsburgh,
R. I.
ce,
iden
Prov
of
Bank
onal
Nati
Merchants
Mo.
s,
Loui
Mississippi 'Valley Trust Co., St.
Mo.
s,
Loui
National Bank of Comma/ice, St.
, Va.
National State & City Bank, Richmond
imore, Md.
Balt
National Union Bank of Maryland,
Y.
New Netherland Bank of New York, N.
i,gton
Old National Bank, Spokane, Wash
Pittsburgh Trust Co., Pittsburgh, Pa.
ce, R. I.
Providence National Bank, Providen
ington
Wash
Seaboard National Bank, Seattle,
on
ingt
Wash
Seattle National Bank, Seattle,
e, Md.
imor
Balt
Second National Bank of Baltimore,
on
ingt
Wash
ane,
Spokane & Eastern Trust Co., Spok
s
Texa
State National Bank, Honey Grove,
lz;:ad, Ohio
Superior Saviivp & Trust Co., Cleve
12/ 4
1480
8/27
8/ 1
10/15
12/27
10/22
11/22
8/22
12/ 4
10/17
9/10
12/16
10/17
8/ 9
9/25
9/17
7/13
11/30
7/ 8
7/30
10/29
8 1
10/22
1295-96
1242
1376
1556-57
1389-90
1456
1287
1479
1380
1317-18
1523
1380
1264
1346
1332
1199
1472
1191
1237
1409
1242
1390
1284
1376
1479
1424
1472
1376
1376
1279
1271
1403
1284
1523
1502
1373
1273
1380
1376
1509
8/20
10/15
12/ 4
11/ 7
11/30
10/15
10/15
8/16
8/13
10/26
8/20
12/16
12/11
10/10
8/13
10/17
10/15
12/13
II
Accept up to 100, power to, granted
Third National Bank, St. Louis, Mo.
10/10
Union Trust Co. of Chicago, Ill.
11/18
Accept up to 100,, power to,requested by
First National Bank of Milwaukee, Wis.; referred to
executive committee with power
10/15
Acceptance Agreements:
See under Acceptances
Acceptance Credits:
Communications re proposed, for U. S. Food Admin
istration
Grain Corporation, from FRAgent Jay & Gov. Wold;
with opinion of Counsel re,
9/17
International Products Co. of New York; right
of member
banks to accept drafts drawn by, under credit
to be
opened by Wm. Schall & Co. of New York City:
Letter from FRAgent Jay re, with opinion of
Counsel
9/17
Opinion of Counsel approved
9/19
Revised statement submitted and referred to
Counsel
10/ 3
Letter from Gov. Harding to FRBank of New York
re, approved
10/10
Opinion of Counsel re, approved
10/17
Letter from Counsel re criticism of opini
on
rendered in re,
10/26
Report by Gov. Harding of removal of legal
objections to approval by Board of credit
desired
11/18
Counsel instructed to prepare letter approving
credit, and outlining conditions under which
same shall be consummated
11/18
Acceptances:
Acceptance agreements; letter to banks and trust
companies
requesting copies of, authorized for transmission
7/19
Bankers:
Concentration of, in hands of RBank of New York;
letter from Deputy Gov. Treman re,
9/30
Discount of; correspondence from /lusher & Co.
re, 7/25
Eligibility for rediscount of certain 90 day
acceptances secured by deposit of leaf
tobacco,
with commitment an part of bankers to renew
;
letter from President Hill of The Ameri
can Tobacco
Co. inquiring re, together with opinion of
Counsel
9/ 6
Decision by Board not to permit renewal of
above acceptances
9/17
F. R. Bank of Chicago, purchase by, from FRBan
k of
Phila. at 411;, of 410,000,000 bankers accep
tances
indorsed by FRBanks of Boston & Phila.
12/ 4
Page
1372
1443
1376
1329
1329
1337
1364
1372
1382
1402
1442
1442
1213
1351-62
1223
1311-12
1330
1481
111
Acceptances: (continued)
Bankers:
Open market for; responses to Board's letter
of Oct. 8th. re; voted to leave date for
10/24
establishment of, to FRBanks
Rediscount rate for; letter from Deputy Gov. Case
of New York recommending establishment of
9/10
fixed; tabled for meeting Sept. 12th.
Matter considered; voted FRBank of N.Y.
be requested to submit recommendation
9/12
covering rate
15
Rediscount rates for, established at 4% for 1
4, for 16 - 60 days, and 4% for 60-90
days, 42
days, upon request of Deputy Gov. Case of
9/30
New York
of
Sale of, by FRBank of Boston, to FRBanks
Cleveland and Phila. on Oct. 31st. and Nov.
11/ 4
4th.; report by Secretary re, noted
of
Chicago;
Sale of, by FRBank of New York to FRBank
12/ 9
report re,
tion
publica
d;
Custody of documents supporting bills accepte
re,
in Bulletin of Board's letter to Mr. Rovensky
9/17
under date of Sept. 19,1917, authorized
of
Drafts secured by chattel mortgages an cattle; memo.
Counsel re acceptance of, adopted; to be published
7/25
in Bulletin
Exchange National Bank, Spokane, Washington; letter from,
re acceptances in excess of legal maximum; referred to
Gov. Harding with power after consultation with Counsel
11/ 7
and Comptroller of Currency
First National Corporation of Boston; application for
authority to extend acceptances and deposits to
amount equal to twelve times capital and surplus;
12/ 6
referred to Mr. Strauss for report
12/ 9
d.
Report by Mr. Strauss re above, approve
ion
to
Guaranty Trust Co. of New York granted permiss
accept drafts of Anglo South American Bank, Ltd.,
Buenos Ayres, for purpose of furnishing dollar
8/ 6
exchange
by,
ed
Irving National Bank of New York; permission request
to accept 90 day drafts drawn upon it by correspondents
in Havana, Cuba, for creation of dollar exchange;
10/ 3
approved
National Bank of Comnorce, New York; permission requested
by, to accept time drafts drawn upon it by banks or
bankers in Argentine Republic for creating dollar
10/ 3
exchanc:e; approved
Page
1398
1318
1323
1351
1421
1495
1330
1222
1425
1486
1496
1248
1364
1364-65
IV
Acceptances: (continued)
Railroad; memo. of Counsel re, and memo
. of Acting Secretary
in re railroad notes rediscounted by
F. R. Bnnk
of Cleveland
8/20
Release of trust receipts or shipping
documents securing;
memo. by Counsel in reply to memo
. by Asst. Cashier
of FRBank of St. Louis re,
12/11
Repurchase by FRBank of Boston of
45,000,000 acceptances
rediscounted for it by FRBank of
Phila.
11/27
Status of, made payable with coll
ection charges;
opinion of Counsel re,
7/13
Surrender of warehouse receipts and
shipping documents
supporting; draft of letter for forw
arding FRBank
of St. Louis re, approved
11/27
Trade:
Distinction between trade acceptances within
meaning
of regulation of Board and bills of exchange
drawn against actual existing values; letter
from Deputy Gov. Treman of New York requ
esting
ruling re; opinion of Counsel submitted
and approved
8/23
Drawn against a canning company; opinion
of Counsel
in form of letter to FRBank of Kansas City
7/18
Eligibility of; letter from Board to
J. V. Grainer
of Murchison National Bank re, approved
7/22
Endorsed trado acceptances; opinion of Coun
sel in
form of letter to J. V. Grain er as to,
7/18
Form of, submitted by Corn Exchange Nati
onal Bank
of Chicago; memo. of Mr. Hamlin re,
7/27
Letter from Cashier of Omaha Branch re, and
opinion
of Counsel that Board not approve for general
use acceptances allowing discount of 5;L if
paid before specified date; ruling approved
for incorporation in forthcoming Bulletin
8/15
Preferential interest rate for; letter from
National Association of Credit Men re,
10/15
Rate on, with maturity of 15 days or less
; teleLTam
from FRAgent Perrin of San Francisco
re;
•
approved at 4N
8/23
Stamp taxes on; letter from FRAgent Will
s re,
7/ 3
Sundry phases of question re; letter
to FRBank of
Kansas City re; referred to Gov. with
authority to reply
7/22
Use of, in connection with business of rail
way
companies; letter from Secretary of
National
Association of Credit Men advocating,
9/10
Page
1282
1504-6
1467
1197
1467
1291-9
1208
1216
1208
1229
1276
1375
1291
1186
1216
1318
V
Page
Acceptances: (continued)
Process Fruit Co.
Warehouse receipts issued by Homeway
7 /25
re,
Letter from FRAgent Austin
7 /26
oved
Memo. of Counsel re, appr
d:
Boar
R.
F.
Adelson, Louis C., Assistant Secretary,
all examination work
Authorized to assume full charge of
8 /13
f Examiner
Chie
of
in absence or disability
Memorandumn of, re
ators at
Extra compensation for telegraph oper
1918,
for
em
Washington on Leased Wire Syst
12/31
oved
appr
recommending apnroval of;
Wall
15
at
Kent
Mr.
Rental of space in office of
ni, Delegate
St., New York City, by Domenico Gido
roved 10/22
;app
ding
mnen
reco
of Institute Nazionale,
Reports by, re
10/17
Div. of Foreign Exchange, work of;
10/17
and Branches
Visit made to FRBank of Atlanta
fective Sept. 1st. 7 /16
Salary fixed at 46,000 per annum,ef
Advisory Council:
modified plan
Eleetion of members of; report in re
10/ 8
Jay
ent
for, submitted by FRAg
Sept. 16th. &
Minutes of meeting of, with Board, on
Miller for apMr.
to
rred
17th,, presented; refe
10/ 1
proval
held on Nov. 18th.
Minutes of sessions of, with Board,
12/30
ed for approval
ulat
circ
& 19th., 1918; ordered
Capital Purposes"
"Supervision of Loans made by banks for
ideration of
suggested by Board as topic for cons
9/6
.
16th
.
Council at meeting on Sept
in dashington,
Topics for discussion at meetinL: of,
Chairman Forgan
from
er
lett
.;
Sept. 16th. and 17th
8 /27
ed
requesting that Board suggest; authoriz
on,
in Washingt
Topics for discussion at meeting of,
President of
from
er
lett
.;
19th
Nov. 18th. and
10/29
e,
Council requesting Board designat
10/30
Topics agreed upon by Board
Allied Purchasing Commission:
finance sales of goods
Revenue stamps on drafts drawn to
submitted by
to; draft of letter to FRBanks re,
11/22
Gov. and approved
of
purpose
Rulings of Board in re drafts drawn for
ent at
FRAg
from
er
lett
financing sales to;
8/8
Richmond re,
Ambassador Naon of Argentine Republic:
ce with, re method of
Report by Er. Warburg of conferen
for
making deposits in FRBank of New York
7 /25
Argentine Government
1223
1226
1268
1568
1393
1382
1382
1204
1366-67
1354
1561
1312
1296
1408
1412-14
1458
1259
1222-23
VI
Ambassador to Mexico: See Fletcher, H. P.
American & British Bank Rates (Comparison):
Conversations of U. S. Commercial Attache at London
with Denison Miller, Sir George Paish and M. C.
Norman re; letter from B. S. Cutler enclosing
memorandum of,
8 /27
American & Foreign Banking Corporation:
Branches:
Proposed; letter from Corporation re,
7 /18
Branches authorized:
Cali, Colombia
7 /22
Cape Haitien, Haiti
7 /22
Rio de Janeiro, Brazil
7 /22
Saint Mori, Haiti
7 /22
American Bankers' Association:
Clearing House statistics submitted by Mr. Jerome
Thrall of,
8 /5
Committee on State bank membership of; letter from
Gov.
McDougal requesting Board address letter of
appreciation to,
9/17
Request from, for publication in Bulletin of list
of lost
or stolen Liberty bonds, and that such Bulletin
be
forwarded to all Postmasters and banks in U. j.;
declined
12/ 6
Resolutions adopted by, forwarded by General
Secretary
of Association
10/ 8
American Foreign Banking Corporation:
Examination of; memo. of Secretary Broderick re,
11/22
American Tobacco Co.; letter from President
Hill of, re
eligibility for rediscount of certain 90 day
acceptances
secured by deposit of leaf tobacco, with commit
ment on
part of bankers to renew; together with opinio
n of
Counsel re,
9/6
Decision of Board not to permit renewal of above
acceptances, and Gov. to so notify
9 /17
American-Japanese Bank:
Establishment of; letter from FRA,;ent Perrin
transmitting
letter from Baron T. Megata re,
7 /16
Anglo South American Bank, Ltd., Buenos Ayres:
Guaranty Trust Co. of New York granted permis
sion to accept
drafts of, for purpose of furnishing dollar
exchange
8/6
Annual Reports:
F. R. Bank of Boston:
Schedules for use in forthcoming annual
report,
forwarded by FRAgert Curtiss
11/12
F. R. Banks:
Letter to all FRAgents outlinihg Board's
desires re form
and tenor of,suggested by Gov. and approved
11/12
Page
1296
1207
1217
1217
1217
1217
1243
1332
1485
1,367
1454
1311-1:
1330
1205
1248
1430-
1431
VII
Page
Annual Reports: (continued)
s
Suggestion by Gov. Harding for conference of FRAgent
of
ion
discuss
for
In Washington, Dec. 5th.,
11/12
annual reports, etc., approved
nt":
Stateme
Sheet
Balance
of
"Approved Methods for Preparation
Chief
Printing of 5,000 additional copies of; memo. of
12/20
d
Clerk recommending, approve
Argentine Credit:
dor
Quintana, F. m., designation as substitute for Ambassa
letter
on;
drafts
Naon, resigned, in executing
11/25
from Asst. Cashier of FRBank of New York re,
Argentine Republic:
Conference between Ambassador Neon and Mr. Warburg re
method of making deposits for, in FRBank of
7 /25
New York; report re,
Asia Banking Corporation:
11/22
Examination of; memo. of Secretary Broderick re,
of
Bank
l
Nationa
First
by
Purchase of stock of,
9/6
Portland, Oregon; approved
for
Board
of
ments
require
ng
accepti
Stock of; letters
rendering, eligible for purchase by national banks
under Section 25 of RAct; Comptroller to be
9/6
notified
s:
Assistant Secretary of State, Phillip
See under Phillips, William
Auditor of Panama Canal:
Letter from, to Asst. Auditor of Canal, re absorption
of charges on gold certificates transferred from
11/ 7
Canal Zone to U. S.; acted upon
RocIsy
from
letter
Automobile business on cash basis;
8/6
Mountain Auto Trade Association re,
Automobile Paper:
Plan to finance certain automobile paper for "Fiat" Co.;
7 /27
letter from FRBank of New York re,
Balkan Bulking Reserves:
Status of, and related questions affecting financial
situation in the Balkans; authority invested in
11/15
Dr. H. Parker Willis to compile
:
Detroit
of
Bank
Nat.
ts
Merchan
Ballantyne, John, President
12/20
Letter from, forwarded by Gov. McDougal of Chicago
Bank of Flatbush:
Purchase of assets and assumin,; of liabilities of, by
Peoples Trust Co. of Brooklyn; letter from FRAgent
8 /6
Jaj advising of,
Bank of France:
Reciprocal deposit account with; correspondence of Gov.
8 /20
with FRA:i7ant Jay at New York in re,
1431
1538
1462
1222-23
1454
1311
1311
1424-25
1247-48
1229
1440
1540
1248
1282
VIII
Banking Commissioner of Texas:
Attitude of; letter from FRAgent Ramsey re,
7/3
Beall, Reginald. W., letter from, offering Woodward Building for
sale to Board, with reply by Gov. Harding, presented
10/17
Bids for School Supplies:
Practice of requiring certified check with; letter
from
Franklin Bruce of National School Supply Co. re,
8/1
Bills:
Seasonable demand for 41 and 42, and necessity for
issue
of FaBank notes of small denominations to replace
silver certificates being withdrawn; letters from
Gov. Fancher and Fifth-Third Nat. Bank of
Cincinnati re,
8 /9
Bills of Exchange:
Charge of 1/10 of 1% by New York Clearing House banks an
bills payable elsewhere than in New York:
Letter from Boston Clearing House Asso. re,
8 /20
Report by Gov. of conversation with _MAI:ant Jay
re, and understanding matter would be settled
between Associations
8 /22
Distinction between, drawn against actual existing values,
and trade acceptances within meaning of regulation of
Board; letter from Deputy Gov. Treman of New York
requestin:; ruling re; opinion of Counsel approved 8/23
Drawing of long bills on London by National banks in the
U. S.; presentation by Mr. Warburg of copy of memo.
for Mr. Leffingwell re,
7 /25
Bills of Lading:
Liability of Railroad Administration for damages on;
memo. of General Counsel of U. S. Railroad
Administration re; ordered published in Bulletin
after review by Counsel
8 /27
Birckhead, 0.W., appointment as Secretary to the Comptroller
of the Currency, at 42,900 per annum, approved
9 /10
Blake, A. D., telegraph operator; Gov, authorized to approve
affidavit in support of claim of, for deferred military
classification
10/ 1
Board Members:
See Members, P. R. Board
Bolivian Government:
Opening of account with FRBank of New York by
deposit of
41,000,000; notification re,
8/e
Bonds:
Asst. FRAgent at New York; bond of, transmitted
to
Board and approved
9 /10
Assistant FRAgents at Branch Banks; bonds at 4100,0
00
required for,
7 /27
Page
1186
1382
1241
1262
1282
1286
1291-.0
1224
1296
1320 I
1358
1254
1315.4t
1229
i
IX
Page
Bonds: (continued)
Government:
from
Deposit of, as basis for circulation; letter
Reserve
all
ask
to
agreed
Gov. McDougal re;
Banks possessing bonds to deposit and tale
out notes
List of banks offering for sale, under Section 18
of FRAct; letters from Treasurer of U. J.
submitting,
For quarter ending Sept. 30, 1918
For quarter ending Dec. 31, 1918
Resolution re assignment of, transmitted by EHBank
of Kansas City, referred to Counsel for
consideration as to correctness of form
7 /29
1232
9 /25
12/23
1344
1549
7/2
1185
Bonuses:
See under different F. R. Banks
Boston Clearing House Association:
Clearing
Letter from, re charge of 1/10 of 1$ by New York
in
than
re
elsewhe
House banks on bills payable
8 /20
New York
with
ation
convers
of
Report by Gov. Harding
FRAgent Jay re above, and understanding
that matter would be settled between
Associations without intervention of
a /22
Board
Boston District:
10/17
Recommendations re, submitted by FRAgent Curtiss
opinion
le
favorab
ing
Bouden, James E., letter from, express
upon proposed appointment of James E. Zunts as Class "B"
director of FRBank of Atlanta, and recomr.lending appoint
Orleans
New
of
r
directo
Govt.
as
s
ment of Dr. P. H. Saunder
8
8
Branch
Branch Banks, FRS:
Baltimore:
Bank building, depreciation of; letter from
12/30
Chairman of FRBank of Richnond re,
Bonuses:
12/13
Scale of, for employees; letter forwarding
Birmingham:
By-laws for; report of special committee approving
7 /18
proposed; approved
Staff of,
Cobbs, J. B., appointmont as Asst. FRAgent at
7 /25
42,100 per annum, approved.
FRAgent
from
request
Officers and epployees;
Wellborn for authority to appoint certain4 8 /27
Board's policy re; authorization of Executive Committee
to draft resolution stating, as result of letter from
Moorhead '.:right of Little Rock re branch at that
8/1
place
1262
1286
1383
1258
1563
1518
1210
1224
1297
1241
Branch Banks, HIS: (continued)
Bonds for Assistant FRAgents at; voted to require
at 4100,000
7 /27
Chattanooga;
Question of branch at, referred to Executive
Committee with power
7./25
Denver:
Directors:
See under heading "Directors"
Detroit:
Salaries:
Locke, Robert B., Manager, increase in salary
to $9,000 per annum, approved
11/27
Officers; recommendation for increase in
salaries of, referred to Executive
Committee with poser
11/18
Officers and employees; recommendations re
adjustment of salaries of, for 1919, approved with amendmants thereto,
12/16
Staff of,
Ballantyne, John, appointment as Acting FRAgent
to serve as substitute in absence of
Mr. Baskin, Approved
8/9
Officers, eleotian of; letter from Secretary
MOLallen of Chicago advising re,for 1919 12/30
El Paso:
By-laws of; amendment to, to permit branch to disco
unt
paper and forward same to parent bank for review
and approval, proposed by Gov. of &Bank of
Dallas; approved
10/18
Salaries:
Officers and employees; question of salaries
for 1919, ref. to Executive Committee
11/18
Officers and employees; recommendations for
increases in salaries for 1919,approved 12/23
Jacksonville:
By-laws for; report of special committee approving
proposed; approved
7 /18
Quarters:
Lease of; telegram re, from Chairman of FRBank
of Atlanta; ref. to Gov. with pager
12/18
Sub-lease of quarters in Hoard Nat. Barlr Bldg.
at 4
4 450 per month, approved
12/20
Salaries:
Martin, George N., Asst. FilAgent; salary
at
:,12,100 per annum, approved
8/1
Page
1229
1223
1469
1446
1526
1263
1566
1385
1446
1550
1210
1532
1539
1242
XI
Page
Branch Banks: (continued)
Jacksonville:
Salaries:
Saussy, Fulton, Acting Asst. FRAgent; letter
from FRAgent at Atlanta in re compensation
1416
10/31
for,
as
es
servic
for
sation
3aussy, Fulton, compen
.1434
11/12
substitute Asst. FRAgent, approved
Staff of,
Cashier, appoint3ent of, to succeed Mr. Stiles;
1416
10/31
letter from FRAgent at Atlanta re,
t
FRAgen
from
t
reques
ees;
Officers and employ
Wellborn for authority to appoint certain,
1297
8 /27
approved
Stiles, D. C., Jr., Cashier; report of
1401
10/26
resignation
Wilson, Wm. G., appointment as Cashier at 42,400
1439
11/14
per annum, approved
Little Rock, Ark.
By-laws of, and duties to be assigned; letter from
FRAgent Martin submitting, with letter from
1343
9 /25
Counsel approving; approved
Directors: Seu under heading "Directors"
Establishment of branch at; application of FRBank of
1307
/4
St. Louis for, approved upon certain conditions 9
Establishment of branch at, approved, provided
satisfactory terms can be arranged with local
1236-37
7 /30
Clearing House Committee
n
Establishment of branch at; correspondence re, betwee
1281
/20
8
Asso.
House
ng
Cleari
Rock
Little
Gov. Harding &
in
Establishment of branch at; question re, presented,
of
Wright
ad
Moorhe
from
letter
connection with
1223
7 /25
Little Rock
Establishment of branch at; telegram from FRAgent at
1270
et /13
St. Louis re,
1191
8
/
7
Establishment of branch at; telegrams re, noted
Motion to authorize clearing branch of F. R. Bank of
d,
St. Louis at, presented by Mr. Warburg, amende
1236
7 /30
d
instea
ized
author
bank
& branch
Opening of branch at, on Jan. 6, 1919; letter from
1556
12/27
Deputy Gov. Hoxton of 3t. Louis advising re,
of
Proposed branch at; letter from Moorhead Wright
1241
8/1
Little Rock re,
Question of branch at, referred to Executive Committee
1223
7 /25
with power
branch
Resolution by Little Rock Clearing House to have
at, if established, take over management of clearing
House and examine local banks; telegram from Wright
1307
9 /4
& Hemingway re,
XII
Branch Banks, FRS: (continued)
Little Rock, Ark.
Salaries:
Davis, J. M., salary at 45,000 per annum,
approved for, as Manager
10/ 1
Staff of,
Bailey, A. F., appointment as Cashier at
43,000 per annum, approved
10/18
Davis, John M., notice of election as Manager
at 0,000 per annum, and as Director
9 /25
Louisville:
By-laws adopted for; letter from FRAgent Martin
transmitting form of; approved
a /6
By-1 aws of, and duties to be assigned; letter from
FRAgent at St. Louis re, with letter from
Counsel approving; approved
9 /25
Salaries:
Changes in, approved
7 /18
Staff of,
Chang.es in, approved
7 /18
Memphis:
By-laws:
Approval of,
7 /22
Form of by-laws adopted, submitted by FRAgent
vtartin and approved
a /6
Conditions governing establishment of new branch at;
letter from FRAgent Martin re,
7 /22
Directors:
See under heading "Directors"
Manager; appointment of John J. Heflin as, at 0,000
per annum, approved
8/6
Manager; telegram of protest against appointment of
Mr. Heflin as, with telegram from FRAgent Martin
stating reasons for appointment
a/
Organization of branch at; telegram to FRBank of St.
Louis authorizing announcement of, approved
8/8
Staff of,
Heflin, John J., appointment as Manager at
$5,000 per annum, approved
8
6
Officers and, employees; appointment of,approved
9/10
Williams, Arch J., appointment as Cashier at
43,000 per annum, approved
10/18
Nashville, Tenn. (proposed):
Establishment of branch at; letters from
Director
Hartford of FRBank of Atlanta re,
7 /15
11/12
Establishment of branch at; question ro, referre
d to
Executive Committee with power
7 /25
Establishment of branch at; request from Secretary
McAdoo for early action re,
10/ 1
Page
1356
1387
1343-41
1251
1343
1209
1209
1218
1251
1215
1251
1258
1258
1251
1321
1387
1201
1432
1223
1356
XIII
Pace
Branch Banks, FRS: (continued)
New Orleans:
By-laws; amendments to, submitted by Asst. FRAgant
9 /25
at Atlanta; approved
See under heading "Directors"
Directors:
Staff of,
Assistant to Dr. Harlan; appointment of, at
104
2,400 per annum, approved.
at
lianager
Black, Wm. H., appointment as Asst.
11/14
$3,600 per annum, approved
Buckner, Lewis, appointment as Cashier at
11A1
03,000 per annum, approved
t
Clerk
Discoun
Harlan, a. F., appointment as
11/14
at 02,700 per annum, approved
Oklahoma City, Oklahoma (proposed):
Establishment of branch at; letter from Secretary
10/ 1
McAdoo suggesting early action re,
Portland:
Salaries:
Officers and employees; adjustment of salaries
12/16
for 1919, recommendations re, approved
Salt Lake City, Utah:
See under beading "Directors"
Directors:
Salaries:
Officers and employees; adjustment of salaries
12/16
for 1919, recomnendations re, approved
Seattle:
Salaries:
Officers and employees; adjustment of salaries
12/16
for 1919, recommendations re, approved
Spokane:
See under beading "Directors"
Directors:
Salaries:
Officers and employees; adjustment of salaries
12/16
for 1919, recommendations re, approved
Branch Banks, Foreign:
Belgium:
National City Bank of New York granted permission
12/11
to establidh branch in,
Buenos Ares:
First National Bank of Boston, draft status of branch
7 /19
employees at; letter from D. G. Wing re,
Cali, Colombia:
American & Foreign Banking Corporation granted permission
7 /122
to establish branch at,
Cape Haitien, Haiti:
American & Foreign Banking Corporation granted
7 /22
permission to establish branch at,
Harbin, China:
International Banking Corporation, notice from, of
12/ 9
expected opening of branch at,
1344
1439
1439
1439
1439
1356
1526
1526
1526
1526
15023
1212
1217
1217
1495
XIV
Branch Banks, Foreign: (continued)
Lyons, France:
International Banking Corporation, notice from,
of
proposed establishment of branch at,
12/20
Portugal:
National city Bank of New York granted permi
ssion to
establish branch in,
12/11
Rio de Janeiro, Brazil:
American & Foreign Banking Corporation
granted
permission to establish branch at,
7 /22
Sagua la Grande, Cuba:
National City Bank of New York granted
permission to
establish sub-branch at, with main offic
e in
Havana
9/19
Saint Mori, Haiti:
American & Foreiga Banking Corporation granted
permission to establish branch at,
7 /22
Sanchez, Santo Domingo:
International Banking Corporation, notice from, of
expected opening of branch at,
12/ 9
Switzerland:
National City Bank of New York granted permission
to
establish branch in,
12/11
Broderick, Joseph A.
Appointment as Secretary of Board approved, effec
tive
Sept. 1, 1918, and duties outlined
8 /13
Draft of letter presented by, far forwarding FRBanks,
•
embodying recommendations made at conference of
Transit
Men & Auditors for
Banks held in Chicago in Nov. 11/30
Elected Acting Secretary of Board, pending final
seleCtion
of Secretary, effective August 1st.
7 /16
Memrandums of, no
Account of Mr. Burnett Walker for 034.75;
approved 12/27
Contracts for erection of new bank building
for Mank
of Dallas; voted to secure opinion of Supervisin
g
Architect of Treasury Dept.
11
/
18
Department of Bank Exarainations of Munk of
Chicago,
•
concurring in plan submitted by FRAgent Heath
of
Chicago for extending scope and usefulness of;
plan approved
11/12
Div. of Audit & Examination, staff of,
7 /16
Examination of certain banks engagad in
international
and foreign banking which have filed
agreements with
Board; approved
11/22
Reports of condition of certain foreign &
international
banking institutions; submitting farm
of letter
calling for; approved
12/32t
Request for ruling of Board no reserves
to be maintained
by branches of banks organized for forei
gn banking;
acted upon
102
Recommendations of, and memo. by Gen. Couns
el, re treatment of
extraordinary charges against earnings of
FRBanks at close
of business Dec. 31, 1918
12/13
Page
1537
1502-11
1217
1338;
1217
1495
1502-5
1268
14721204
1558
1442
14354
1204
1454
1562
l431-
1508
1
XV
Page
Broderick, Joseph A. (continued)
Reports by, re
Payment of extra compensation to employees of RBanks
12/13
during 1918, recommending; approved
s
FRBank
of
ees
employ
to
sation
Payment of extra compen
s
Board'
of
cation
modifi
ending
for 1918; recomm
12/20
ruling in favor of FRBaak of Philadelphia
ns
sectio
ng
outlyi
in
banks
of
Reserve requirements
of Central Reserve & Reserve Cities,recommend11/12
ing reduction in; approved
date)
of
Book,
=mute
(See Auxiliary
1st, 12/23
Salary fixed at 310,000 per annum, effective Jan.
Co.
Supply
Bruce, Franklin, of National School
Letter from, re practice of requiring certified check
8/1
with bids for school supplies
Bulletin:
See P. R. Bulletin
Bureau of Engraving & Printing:
re good
F. R. notes; statement by Gov. Harding of report
7 /30
h
Wilmet
or
Direct
from
with,
made
progress being
from
letter
of;
ng
printi
cy,
curren
F. R. notes and F. R.
Director Wilmeth re estimate of number of Sheets
required during fiscal year 1920 for; also memo.
a /6
by Asst. Secretary Adelson re,
k,
Neb.
Uorfol
of
Bank
Nat.
k
Norfol
of
Burnham, C. B., President
Views of minority of Board of MBank of Kansas City
transmitted by, re selection of proposed site for
7/8
Kansas City Bank
By-Laws of F. R. Board:
Draft of revised, prepared by Counsel,presented; to be
12/ 2
considered at meeting of Dec. 9th.
12/ 9
ed
approv
and
ted
Revised by-laws presen
Section 2, Article VII of; motion by 1,1r. :Aller to
amend; tabled. one week pursuant to provisions of
by-laws; voted Counsel prepare opinion re legality
9 /10
of amendment
ent
ed
amendm
propos
of
notice
of;
e
VII
Section 2, Articl
to, with respect to quorum, and adverse opinion by
Counsel ro; voted Counsel secure review of opinion
9 /17
by Attorney General
a:
Austri
,
Vienna
Caisse d'Epargue Bank,
11/22
Failure of; report re, transmitted by Comptroller
Capital Issues:
Absorption of expenses of District Committee on, in
Twelfth District, by FRBank of San Franaisco;
10/ 1
letter from FRAgent Perrin re,
10/ 3
Adverse report by hr. Hamlin re,
1519
1537
1430
1551
1241
1236
1250
1190
1475
1488-1495
1317
1328
1456
1358
1364
XVI
Capital Issues:
(continued)
Absorption of expenses of sub-committees on, in vario
us
F. R. Districts by RBanks; question re, presented.
by Er. Hamlin and wishes of Banks to be ascertaine
d
in matter
8 /16
Article in New York Times re sending out by Chair
man
of District Committee an, of RBank of Boston, of
letter to banks and trust companies re borro
wings
for capital purposes
9/6
Sub-committee on, at San Francisco; memo. of
Acting
Secretary re; voted to suggest that PRBan
k of
San Pranaisco absorb expenses incurred by,
8 /15
Sub-committee on, at San Francisco; memo. of
expenditures by,
8 /13
Capital Issues Committee:
District Capital Issues Committee at Atlanta; absorption
of expenses of, incurred prior to Lay 17, 1918, by
FRBank of Atlanta; approved
10/22
Report of old committee covering its entire work,noted;
authority gLven to publish in Bulletin
7 /18
Right of, under War Finame Act, to tike jurisdicti
on
of bank loans made for capital purposes; opinion
of Counsel re,
9 /25
Schedule of meetings; change in, reported by lir.H
amlin 11/14
Secretary of; minute expressive of appreciation of
service
of W. T. Chapman as, ordered entered
7 /18
Use by, of private telegraph line; letter from Gov. of
MBank of Chicago re,
9 /12
Capital Stock:
See under Stock
Celeste State Bank of Celeste, Texas:
Application of; letter from FRAgent Ramsay re,
7 /23
Central Reserve &Reserve Cities:
El Paso, Texas, designation as Reserve City, effective
Dec. 2, 1918, approved
11/14
First National Bank in Brooklyn, New York; petition
submitted by, signed by several banks, requesting
permission to maintain reserves under Section 19 of
FRAot as amended, as specified under paragraph
B
(for reserve cities)
io/ a
Jacksonville, Florida, named as Reserve City,
effective
August 1st., as result of letter from Jacks
onville
Clearing House Association requesting,
7 /15
Little Rock, Arkansas; designation as Reserve
City,
approved, effective Dec. 16th., 1918
11/14
Little Rock, Arkansas; designation as Reserve City;
Board's
action of Nov. 14th. re, rescinded, as result
of
letter from Deputy Gov. Hoxton of St. Louis
105
Page
1280
1310
1277
1271
1390
1210
1344
1436-41
1210-13
1325
1218
1437
1370
1201
1437
1461
XVII
Page
Central Reserve & Reserve Cities: (continued)
Little Rock, Ark., designation as Reserve City,
12/27
effective Jan. 6, 1919, approved
rs
to
answe
of
sis
synop
IZeserve City Institutions;
telegram of Sept. 26th. asking rates paid by,
upon current individilal deposit and bank balances,
9 /27
also on time deposits payable after thirty days
of;
ons
secti
ing
in
outly
banks
Reserve requirements of
10/29
Agent Perrin of San Francisco re,
Letter from
's
Board
to
nse
respo
in
nts
FRAge
Letter from Several
10/17
circular letter of Oct. 5th. re,
t,
repor
in
tary
Secre
by
d
Reduction in, recommende
11/12
approved (See Auxiliary Minute Book, of date)
of;
ons
secti
ing
outly
in
Reserve status of banks
in
Action by Board re, stating procedure necessary
ve
reser
in
e
chang
for
ns
catio
re appli
10/22
requirements
Changes in; opinion of Counsel re, pursuant to
provisions of FRAct as amended Sept. 26, 1918,
with right of Board to discriminate as between
10/22
banks in such outlying sections; approved
Changes in, pursuant to provisions of FRAct as
ng
amended Sept. 26, 1918; report by Gov. Hardi
es
minut
of formal approval by Secretary McAdoo of
10/26
of meeting on Oct. 22nd. re,
Agent Jay defining such outlying
Letter from
his District and recommending
in
sections
10/22
of banks in same
ts
requiremen
Letters from FRAgent Curtiss defining such outlying
sections in his District and recommending
10/22
reserve requirements of banks therein
Right of FRBoard to discriminate as between banks
in outlying sections, pursuant to provisions
of FRAct as amended Sept. 26, 1910; Counsel
10/17
instructed to submit opinion as to,
Opinion of Counsel re, submitted and
10/22
approved
Certificates of Indebtedness:
and
Agreement of brokers to sell, at not less than par
7 /29
interest; letter from Gov. Eorss re, noted
it
Authority to purchase Treasury certificates for depos
8 /20
re,
as security for FRBank notes; memo. of Gov.
F. R. Bank of Atlanta:
for
Report re purchase of special U. S. 2,4 for,
deposit with Comptroller as collateral for
9 /27
FRBank notes; approved
10 /29
12 / 4
12 / 6
12 18
12 /20
1556
1348
1408
1383
1430
1391-92
1391
1402
1392
1392
1383-84
1391
1231
1282
1348
1407
1481
1484
1531
1538
Certificates of Indebtedness: (continued)
F. R. Bank of Boston:
Report re purchase of special U. S. 2;
;
. for, for
deposit with Comptroller as collateral for
Bank notes; approved
F. R. Bank of Chicago:
Report re purchase of special U. J. 2% for,
for deposit with Comptroller as collateral
for MBank notes; approved
F. R. Bank of Cleveland.:
Report re purchase of special U. S. 2;; for, for
deposit with Comptroller as collateral for
MBank notes; approved
F. R. Bank of Dallas:
Report re purchase of special U. S. 2;; for,
for deposit with Comptroller as collateral
for MBank notes; approved
F. R. Bank of Kansas City:
Report re purchase of special U. S. 2% for,
for deposit with Comptroller as collateral
for FaBank notes; approved
F. R. Bank of Minneapolis:
Report re purchase of special U. J. 2;; for,
for deposit with Comptroller as collateral
for FRBank notes; approved
Page
9 /27
10/26
11/27
12/18
12/27
1348
1402
1466
1531
1556
9 /17
9 /25
9 /27
10/ 8
10/17
10/29
11/22
11/27
12/18
12/30
1333 ,
1344.4
1348
1369
1381
1407
1455
1466
1531
1562
9 /17
9 /25
10/ 8
10/18
11/12
11/20
12/ 6
12/1e
1333 f
13441369
1389
1433
1450
1484
1531
10/29
11/27
12/ 6
12/18
1407
1466
1485
1531
10/29
12/ 6
12/18
1407
1485
1531
10/24
1398
XIX
Page
Certificates of Indebtedness: (continued)
F. R. Bank of Minneapolis:(Continued)
Report re purchase of special U. S. 2),; for,
for deposit with Comptroller as collateral
for RBank notes; approved
10/26
11/12
12/ 6
12/11
12/23
F. R. Bank of New York:
7 /29
Amounts subscribed; report re,
Holding of certain U. S. certificates by, as
trustee, for account of Spanish Banks; letter
11/ 8
from Deputy Gov. Case re, approved
1 for, for
Report re purchase of special U. J. 2,1
eral for
collat
as
oller
Comptr
with
t
deposi
8 /23
MBank notes; approved
9/3
9 /4
9 /10
9 /17
9 /25
9 /27
10/ 8
10/26
11/27
12/ 2
12/ 4
12/ 6
12/11
12/18
12/27
F. R. Bank of Philadelphia:
Report re purchase of special U. S. 2,..; for,
for deposit with Comptroller as collateral
9/10
for 2RBank notes; approved
9 17
9 /27
10/29
12/ 4
12/ 9
12/13
F. R. Bank of Richmond:
Report re purchase of special U. S. 22; for,
for deposit with Comptroller as collateral
for FRBank notes
10/29
11/27
12/ 4
12/27
1402
1433
1484
1504
1549
1231
1428
1292
1301-2
1308
1316-17
1333
1344-45
1348
1369
1402
1466
1474
1481
1484
1504
1531
1556
1316-17
1333
1348
1407
1481
1496
1510
1407
1466
1481
1556
XX
Certificates of Indebtedness: (continued)
F. R. Bank of St. Louis;
Report re purchase of special U. S. 2' for,
for deposit with Comptroller as collateral
for FRBank notes; approved
F. R. Bank of San Francisco:
Report re purchase of special U. S. 2;; for,
for deposit with Comptroller as collateral
for FRBank notes; approved
9 /17
9 /27
10/ 8
10/29
11/12
11/27
12/16
1333
1348
1369
1407
1433
1466
1521
10/18
10/29
12/11
12/27
1389
1407
Form of, to be used by the Treasury; letter from
Asst. Secretary Leffingwell re,
7/8
Quotas for, in several Districts; letter from Asst.
Secretary Leffingwell re,
7 /25
Sale of Treasury certificates at not less than par;
letter from Gov. Passmore of Philadelphia re,
7 /30
Sales of Treasury certificates below par; letter from
Gov. Wold re,
8/1
Special certificates purchased to cover debit balance
in Treasury's general account; memo. of
Secretary re,
10/26
Status of member and non-member banks in dealing in
Treasury certificates; letter from Gov. McDougal
in re relative,
7 /18
Treasury certificates as security in borrowings by
non-member banks from FRBanks; letter from Gibson
County Bank re,
8 /13
Treasury certificates purchased by banks in agricultural
and stock raising sections; letter from Senator
E. S. Johnston forwarding one from President
Millett of Steckgrawers Bank, Ft. Pierre, S. D. re,8 / 9
Chairmen, F. R. Banks:
Continuation in office of present, for year 1919,
approved
12/11
Chan, W. T.
Appointment as Assistant to Secretary of Board pending
determination of future status with Board
8 /13
Appointment as Assistant Secretary of FRBoard. at
43,600 per annum, aporoved
8/ 27
1:
(
51
1190
1224
1233
1241
1403
1209
1269
1261
1.499 1
1269
1295
Chapman, W, T. (Continued):
Detailed temporarily from office of Vice-Gov. to office
8/6
of Acting Secretary
Memo. of, re publicity plan of F. R. Board; voted all
statements for press be approved by Gov. before
6 /13
being released for publication
Minute expressive of appreciation of service rendered
by, as Secretary of Old Capital Issues Committee,
7 /18
ordered entered
Checks:
Pay checks of railroad companies; Gov. authorized to
direct attention of FRBanks to, stating same must
10/ 1
be taken by banks on parity with other checks
Chemical National Bank of New York:
Permission granted, to furnish dollar exchange in Colombia
7/ 2
Chicago District:
Recommendations re, submitted in letter from IRABent
10/17
Heath
Chief Clerk, Treasury Department:
Memorandwal from, submitting
Topical arrangement of reconstruction and readjustment activities of agencies of Govt. prepared
12/13
by Council of National Defense
Circulars and Regulations:
Repurchase agreements and rediscounts of commercial
paper; circular letter from Board to RBanks re,
7 /22
read and authorized
Citizens Bank of Clovis, New Mexico:
Application of; letter from FRAgent Ramsey re; agreed
7 /23
to base population estimates on last census
Citizens Trust & Savings Bank:
7 /26
Letter to John L. Vance of, approved for transmission
:
Clarkson, Grosvenor, of Council of National Defense
Letter from, suggesting availability of organizations
11/12
of State Councils of Defense
elVton Act: ( See also Interlocking Directorates:)
Applications under,
7 /18
Borden, Spencer, application approved
7 /18
Frees, B. IL, application approved
7 /22
d
Goodall, Louis B., application approve
7 /18
d
Hatch, Harold A., application approve
to;
s
Section 22 of F. R. Act as amended as it pertain
12/27
opinion of Gen. Counsel re, approved
Clearing & Collection:
Clearing;
Clearing House figures; letter from FRAgent Rich
re, referred to Div. of Analysis & Investigatian
7 /19
for report
Page
1252
1271
1210-11
1359
1184
1383
1510
1215
1219
1226
1431
1210
1210
1216
1210
1560
1213
XXII
Clearing & Collection: (continued)
Collection:
Central Union Trust Co. of New York: letter from,
reconmending symbol of identification on
items forwarded for "collection direct" from
member banks to various FRBanks; copy ordered
sent to all FRAgents
11/25
Changes in revenue law re collection of items
received from Collector of Internal Revenue;
letter from FRAgent Wills of Cleveland
suggesting,
8/6
Charges:
See under Collection Charges:
Collection of grain drafts; letter from Cashier
Cook at Ilinneapolis re,
7 /13
Federal Reserve collection system-campaign for
additional par points; proposed letter to
FRBanks re, approved
12/23
Plan for identifying collection items of banks on
inter-district par list; letter from Gov.
McDougal re appointment of Committee of Transit
Managers of FRBanks to confer with Committee of
American Bankers' Association re,
12/ 4
Collection Charges:
Drafts with; memo. of Counsel re,
7 /22
Status of bills payable with, as distinct from
exchange charges; opinion of Counsel re,
7 i18
Status of drafts or acceptances Mule payable with;
opinion of Counsel re,
7 /13
Clearing House Items:
Recommendation that all FRBanks be given immediate credit
for, filed with Board by Chairman of Conference of
Representatives of several FRBanks held in Board Room
August 7th.
8 /8
Clearing Houses:
Clearing House figures; letter from FRAgent Rich re,
referred to Div. of Analysis & investigation for
report
7 /19
Clearing House items; recommendatian that all FRBanks
be given immediate credit for, filed with Board by
Chairman of Conference of Representatives of several
FRBanks held. in Board Room August 7th.
8/8
Draft of letter to FRAgents enclosing letter for
forwarding to Managers of, read; approved for
transmission
8/1
Minneapolis Clearing House; resolutions of, re desired
milling in transit privileges; letter from Asst.
FRAgent LIcsher re, noted
7 /23
Statistics re, submitted by Jerome Thrall of American
Bankers' Association
8 /5
Page
1462
1248-4
1197
1549
1480
1216
1208
1197
1255
1213
1255
1239
1219
1243
Page
Cleveland & Co. of Los Angeles, Cal.
See under W. L. Cleveland & Co., Los Angeles, Cal.
Coin, Currency & Bullion:
Export:
for
Discontinuance of granting of export licenses
a
over
at
bought
silver if same has been
dollar per ounce; announcement by Mr. Warburg
that Gold Export Committee had under
a /1
consideration
Collateral Notes:
See under Discounts & Rediscounts
Collections
See under Clearing & Collection
Collection Agency:
Nashville,
Gov. requested to communiaate with Chattanooga &
discuss
to
ve
entati
repres
suggesting that each send
7 /15
Agency
creation of Collection
Collection Charges: '
See under Clearing & Collection
Commercial Paper:
See under Paper
Commercial Savings Bank, Mitchell, South Dakota:
re, 11/ 7
Application of, for membership; opinion of Counsel
date)
of
(See Auxiliary Minute Book,
Committees:
Executive:
Functions of existing Committees transferred to,
8/0
pending appointment of new Committees
s
FRBank
of
staff
Matters affecting personnel or
7 /18
ordered referred to, until further action
year,
ar
calend
Personnel of, for reminder of
11/18
approved
for
s
charge
r
whethe
to
Report by, authorized, as
services made by RBanks can be reduced to
8 /27
effect saving to public
Gold Export:
7 /16
Adelson, L. C., appointed Secretary of,
of,
m
interi
ad
memther
as
ated
Gov. Harding design
7/3
pending return of Mr. Miller
7 /16
of,
ary
Secret
as
ed
Secretary of Board reliev
/6
8
re,
g
Warbur
Mr.
by
Work of; statement
tees
Commit
on
ate
altern
as
act
Gov. Harding authorized to
7 /23
of Districts whose Chairmen are absent
on
tee
Commit
voted
;
Powers
e
Joint Committee on Truste
Audit & Examination be substituted for Mr. Burklin
10/ 1
on,
as
act
Kansas City District Committee; agreed Gov.
7 /23
Chairman of, temporarily
as
him
d
Next ranking member to Mr. Delano to succee
7 /18
Chairman on certain, upon his departure
1240
1201
1426
1260
1207
1445
1295
1204
1187
1204
1254
1218
1359-60
1218
1208
Comptroller of the Currency:
Birckhead, 0.W., appointment as Secretary to, at 42,900
per annum, approved
9 /10
Designs submitted by, for F. R. notes of .500, 41,000
and 410,000 denomination; first two approved
10/ 8
Letter from office of, stating that call for condition
of national banks would be made on. July 3rd.
7/3
Letters from, re
National bank examining force; advising of changes
in, during July, 1918
a /6
Short term notes of railroads
9 /17
Memorandums of, re
Affiliated Companies; submitting abstract of Schedule
31 of last report of examination in re,
10/26
Gaisse D'Epargue Bank, Vienna, Austria; reporting
failure of,
11/22
Mount Jewett National Bank, Mt. Jewett, Pa.,application of, for permission to reduce its capital
stock; recommending approval of sameopproved 12/18
Presentation by, of franked envelope transmitted by
FRBank of Cleveland containing communication not
pertinent to fiscal agency work of Bank
12/30
Recommendations of, for
Increases in salaries of certain national bank
examiners, approved
8 /28
Reduction in capital of First National Bank of
Leavenworth, Kansas; approved
7 /18
Report by, of condition of national banks, as of Aug.
31st., 1918
10/17
Suggestion by, re consideration by Board,in near future,
of questions involved in approach of peace
11/ 4
Suggestion by, that FRBanks require member banks requesting
loans or rediscounts to state rate of interest or
discount such banks collected or charged customers
on each paper offered as collateral
9 /10
Conference Committee of Congress:
Approval by, of amendments to FRAct pending before Congress;
report by Gov. re,
9 /19
Conference of Bankers in Dallas on Sept. Sixth:
Plan considered at for relieving conditions in drought
stricken counties; letter from FRAgent Ramsey outlining; approved by Board
9/12
Conference of F. R. Agents:
Digest of Sixth Conference:
Copies of, transmitted by FRAgpnt Martin of
St. Louis
12/31
Proposed conference in Washington an Dec. 5th. for
discussion of annual reports, etc., approved
11/12
Page
1320
1367
1186
1250
13304
1404
1455-'61
1533
1566
12981207
1380
1420i1
1316'
Ii
1336
3.324
1566
1431
Page
Conference of Governors:
ed
Conference of Board with Govs. on July 2nd„ report
7 /18
by Mr. Delano
1st.
July
held
Board
Minutes of conference of Govs. with
7
and 2nd„ referred to Mr. Delano for report
1st.,
July
on
Minutes of meetings of Board with Govs.
7 /16
reported back to Board by Mr. Delano
in
held
s
Conference of representatives of several FRBank
Board Room on Aug. 7th.; recommendations of, presented
a /8
to Board and acted upon
Conference of Transit & Audit Officers:
Telegram to Governors of FRBanks calling, about Nov. 11th.
10/22
in Chicago, approved
Conference with Cotton Interests:
7 /18
Informal report re, presented by Gov. Harding
Consul General in Norway:
Official communication from, transmitted by Secretary
7 /18
of State
Consulting Counsel:
See Cotton, J. P.
Corn Exchange National Bank of Chicago:
Form of trade acceptance submitted by; memo. of Mr.
7 /27
Hamlin re, approved
Cotton, J. P., Consulting Counsel:
Granted indefinite leave of absence without pay,
8 /22
effective August 16th.
Letter from, re
Granting of registrar powers to national banks in
New York; voted Board approve all pending and
7/2
declined applications for such powers
AO
Cotton:
Price fixing for; informal report by Gov. Harding re, 7 /26
Cotton Interests:
Informal report re conference with, presented by
7/ 18
Gov. Harding
Cotton Seed Oil Mills:
Eligibility of paper of; letter from Vice President
8 /27
Gill of Seaboard Nat. Bank of New York re,
Cotton. Situation:
Measures for relief of; telegrams from FRAgent Ramsey
and Texas Bankers, Association re, presented and
discussed; matter referred to Treasury Dept. &
11/ 7
War Industries Board
CoUnsel (M:. J. Elliott):
Circular letter prepared by, to RAgents, in re revision of
Regulation F., Series of 1917, fiduciary powers of
11/22
national banks; approved
1206
1192
1203
1255-56
1390
1209
1206
1229
1290
1183
1226
1209
1295
1425
1458
XXVI
Counsel (M. C. Elliott): (Continued)
Directed to prepare revised copy of F. R. Act, incorporatin
g
all amendments thereto,
10/ 1
Instructed by Board to prepare memorandum outlining
restrictions for handling F. R. notes at Savannah
Agency of F. R. Bank of Atlanta
11/18
Letters from, re
Criticism of opinion rendered in re credit desired
by International Products Co.
10/26
Inquiry from Murchison Nat. Bank, Wilmington, N. C.,
re rediscount of notes of non-member by
member banks
8/6
Little Rock Branch; by-laws of, and duties to be
assigned, approving same
9 /25
Louisville branch; by-laws of, and duties to be
assigned, approving same
9 /25
Status of F. R. notes as reserve under California
Bank Act as amended in 1917
11/27
Tine limit allowed officers in casting votes for
Class "A" and "B" directors; voted general
letter on subject be sent FRAgents
11/18
U. S. Council of State Banking Associations,
circular of; preparation of amendment to FRAct
authorized, in re action by Board on applications for membership from State banks
11/18
Memorandums of, re
Acceptance of drafts secured by chattel mortgage on
cattle; adopted; to be published in Bulletin
7 /25
Activity of State bankers in farming an association
of State banks to resist alleged encroachments
by F. R. System
7/ 2
Application of F. R. Bank of New York for permission
to write down value of real estate to 41,
recommending disapproval of same
12/13
Drafts with collection charges
7 /22
Discounting of notes endorsed by non-member banks
without recourse
7/8
Effect of recent legislation,as to compensation of
employees, upon salaries of Board's staff
7 /29
Eligibility of warehouse receipts; as result of
letter from Guaranty Trust Co. of N. Y. re
custodian of goods stored in warehouse of
borrower against which drafts are to be drawn
under Section 15 of FRAct
8 /13
Emerson & Buckingham Bank & Trust Co.,application
of, in process of conversion, for permission
to exercise trust powers under authority of
Section 11-K of FRAct
8 /13
Page
1357
1443
1402
1251
1343
1343
14694
1443
1442
1222
1183
1500
1216
1191
1231
127001°
1273
Page
Counsel (M. C. Elliott): (Continued)
Memorandums of, re
Espionage Act, Title 7 of; as result of letter from
Hicks, Phelps, Dickson, & Bobbitt of San Antonio,
8/20
Texas re,
Bank
al
Nation
ns
Citize
by
Exercise of trust powers
of Tipton, Ind., criticised by office of
12/13
Comptroller
pally
princi
engage
to
Federal incorporation of banks
in international and foreign banking, with
9 /19
tentative draft of bill providing for,
ting
sugges
Hamlin
Letter from Mr.
10/ 1
modification of above bill
to
sion
for
permis
ations
Fiduciary powers, applic
exercise; suggesting deferring of action on,
until receipt of new forns complying with FRAct
10 /8
as amended; action deferred
ation
applic
re
in
;
Oregon
m,
First State Bank, Gresha
of excess loan condition imposed in approving
11/27
membership of; approved
of
right
York;
New
of
Co.
ts
International Produc
member banks to accept drafts drawn by, under
credit to be opened by 5m. Schall & Co. of
New York; resulting from letter from FaAgent
9 /17
Jay re,
9 /19
Opinion of Counsel approved
s'
Nat.
Farmer
and
Bank
Nat.
y
Ridgel
of
Liluidation
Bank, Springfield, Ill., in purchase of their
assets by Ridgely Farmers' State Bank,organizing,
and proposed application of latter bank for
11/27
membership; approved
Loss of upper halves of F. R. notes shipped by
YRBank of New York to Treasury Dept.; copy
11/14
ordered forwarded to Bank
of
order
recent
under
office
l's
Counse
Position of
the President placing Counsel under control
7/27
of Attorney General
20
8
Railroad ac.3eptances
of
Regulation F., Series of 1919, in re exercise
fiduciary powers by national banks; requesting
authority to submit tentative draft of, to
11/20
Counsel fur various FRBanks; approved
Release of trust receipts or shipping documents
securing acceptances, replying to memo. by
12/11
Asst. Cashier of FRBank of St. Louis re,
11/27
Section 9 of FRAct, proposed amendment to,
Section 5200 of Revised Statutes; submitting Senate
Bill 4747 re limitations of, and recommending
9 /17
that Board approve; referred to Comptroller
1283
1509-10
1340
1357
1369
1468
1329
1337
1470
1437-38
1229
1282
1450
1504-5
1470
1331
=TM
Page
Counsel (M. C. Elliott): (Continued)
Uenorandums of, re
The New England Trust Co., recommending waiver of
condition imposed upon membership in
F. R. System of; approved
11/27
Treatment of extraordinary charges against earnings of FRBanks at close of business Dec. 31,
1918, approved; report adopted with additions
thereto,
12/13
Union Savings & Trust Co., Seattle, Washington,
application of, to convert into Union Nat. Bank
of Seattle, with authority to exercise trust
powers; acted upon
11/27
Use of gold in California; ordered sent to Counsel
of FRBank of San Francisco
7 /18
Warehouse receipts of Homeway Process Fruit Co.,
7 /26
Modification of bill by, re Federal incorporation of
banks to engage principally in international and
foreign banking, suggested by Mr. Hamlin in letter
dated Sept. 28th.
10/ 1
Opinions of, re
Acceptance credits proposed for U. S. Food
Administration Grain Corporation
9 /17
Accrued dividends on stock surrendered by liquidating
banks, holding that same cannot be paid out of
earnings made after surrender of stock; approved
7 /13
Application of Act of July 3, 1918, to salaries of
Board's staff
8/1
Bank loans made for capital purposes; right of
Capital Issues Committee under War Finance Act
to take jurisdiction of,
9 /25
Commercial Savings Bank, Mitchell, S. D., application
of, for mambership (See Auxiliary Minute Book,
of date)
11/ 7
Distinction between trade acceptances within meaning
of regulation of Board and bills of exchange drawn
against actual existing values; as result of
request from Deputy Gov. Treman of New York
8 /23
Eligibility for rediscount of certain notes; referre
d
to Mr. Hamlin for report
12/27
Endorsed trade acceptances; in form of letter to
J. V. Grainger
7 /18
First National Bank of Jefferson City, Mo.,application
of, for fiduciary powers in re a particular
trust; application disapproved
11/ 7
Interbank rediscount operations; question of
simplifying,
7 /18
1467
1508
1468
1207
1226
1357
1329
1197
1240
1291'91
155/
1208
14Z4
1208
page
Counsel (M. C. Elliott): (Continued)
Opinions of, re
Issuaace of drafts on Hong Kong, China, in. Necozaro,
Son., Mexico, for account of First National
Bank of Douglas, Arizona; as result of letter
8 /16
from bank re,
Legislation authorizing acceptance, in California,
of currency in payment of taxes to conserve
gold supply; resulting from receipt of opinion
8 /23
of Counsel of FRBank of San Francisco re,
Mercantile Bank of the Americas; holding same,
and similar institutions, need not be examined
7 /13
by Board; approved
New England Trust Co.; proposed terms of member9 /4
ship of,
7 /22
Rediscount methods; simplifying of interbank,
on
Rediscounts by member State banks, published
page 638 of July Bulletin; discussed and
7 /27
acted upon
of
s
section
Reserve status of banks in outlying
central reserve and reserve cities; change in,
pursuant to provisions of FRAct as amended
10/22
Sept. 26, 1918
of
s
branche
Reserves to be maintained by foreign
10/15
national banks
by
drawn
Right of member banks to accept drafts
International Products Co. of New York under
credit to be opened by Wm. Schall & Co, of
9 117
New York City
9 /19
Opinion approved
Revised statement submitted to Counsel
10/ 3
for opinion
10/17
Opinion of Counsel re, approved
Section 22 of F. R. Act as amended, as it pertains
12/27
to Clayton Act; approved
Section 5200, Revised Statutes, application of, to
notes rediscounted by a national bank but no
longer owned by, or in custody of, such bank 8 / 9
Status of bills payable with collection charges as
7 /18
distinct from exchange charges
Status of drafts or acceptances made payable with
7 /13
collection charges
;
Tr ade acceptances drawn against a canning company
opinion in form of letter to FRBank of Kansas
7 /18
City re,
general
Trade aczeptances; that Board not approve for
use those allowing 5% discount if paid. within
specified time; approved for incorporation in
8 A5
forthcoming Bulletin
1278
1292
1198
1306
1215
1228
1391
1376
1329
1337
1364
1382
1560
1262-63
1208
1197
1208
1276
Counsel (M. C. Elliott):
(Continued)
Opinion of, requested, as to right of FRBoard to discriminate as between banks in outlying sections of
central reserve and reserve cities, pursuant to
provisions of FRAct as amended Sept. 26, 1918
10/17
Secretary directed to request, for opinion on new law re
Govt. salaries as affecting Board's staff
7 /13
Title of General Counsel given to,
12/ 9
Counsel's Office:
Position of, under recent order of the President placin
g
Counsel under control of Attorney General; memo.
of Counsel re,
7 /27
Covington, J. H., letter from, re financing of cannery
business;
methods considered, and agreed to formulate general letter
re, for transmission to FRBanks
7/2
Credits:
Argentine:
Quintana, F. M.; letter from Asst. Cashier of FRBank
of New York in re designation of, as substitute
for Ambassador Naon, resigned, in executing
drafts on Argentine credit
11/25
Curtailment of,
Draft of letter re necessity of a consistent, for
forwarding all banks in U. S. by Reserve Banks,
submitted by Gov, and lpproved; thirty
thousand ordered printed
7/5
Letters from Gov. Passmore re, also re making of
statements and rate on repurchased paper
8/1
Proposed letter or statement re need of, considered;
draft referred to Gov. for further consideration
7/3
Unessential; letter from H. H. Franklin ro,
8/1
International Products Co., credit proposed for; Counse
l
authorized to prepare letter approving, and outlining conditions under which shall be consummated 11/18
International Products Co., °relit proposed for; report
by Gov. Harding of removal of legal objections to
approval by Board of,
11/18
National Credit Bureau for analysis of; memo, of
Alexander Wall proposing establishment of, with
memo. thereon by Messrs. Willis, Broderick and
Jacobson
9 /17
Dr. Willis authorized to confer with Mr. Wall
and officers of FRBank of New York to see
if possible to arrange for brief trial of
plan suggested
9 /19
Relation of Farm Credit Statement to short time bank
credit
for farmers; letter from Sec. of Agriculture enclos
ing
memo. re; ordered printed in Bulletin
7 /16
Page
1383J
1199
1495
1229
1185
1462
1188
1241
1187
1240
1442
1442
1329
1331
1205
Page
Credits: (continued)
Rupee credit; letter from Asst. Sec. Leffingwell
re additional,
U. S. Food Administration Grain Corporation,
ns
proposed acceptance credits for; communicatio
of
n
opinio
from FRAgent Jay & Gov. Wold, with
7 /27
9 /17
Counsel re,
Crimmins & Peirce:
al Bank
Communication from, foraarded by First Nation
group
from
ion
of Boston, protesting their exclus
for
Dept.
formed by quartermaster General's
8 /6
purchase of wool in Argentine
Crop Conditions in Minneapolis District:
Agent Rich re, and probability of reLetter from
sing
discounts at banks in said District increa
7 /15
during next few months
Curtailment of Industries:
See under Industries
Curtis, J. F., Deputy Gov., FRBank of New York:
health, until
Notice of absence from Bank,owing to ill
10/15
Jan. 1, 1919
ce;
Commer
ic
Domest
&
n
Cutler, B. S., Chief of Bureau of Foreig
s of
Letter from, enclosing memoranda of conversation
n
Deniso
with
London
U. J. Commercial Attache at
re
in
,
Norman
C.
M.
and
Miller, Sir George Paish,
8 /27
h
Britis
with
ed
American bank rate as compar
Daily Statement & Balance Sheet:
;
Revision of; memo. of Ur. Jacobson recommending
11/30
approved for year 1919
De Nederlandsche Bnnk of Holland:
of, as
Letter from MBank of New York re appointment
sion
permis
ting
its Agent in Holland, and reques
the
with
t
accoun
for each bank to maintain an
other
Approved by Executive Committee
Approved by Board
11/ 2
11/ 4
Deposits:
ation; letter
Deposit of Govt. bonds as basis for circul
all Reserve
ask
to
agreed
from Gov. McDougal re;
take out
and
t
deposi
to
Banks possessing bonds
7 /29
notes
Board
that
from,
t
reques
Emergency Fleet Corporation;
condition
cooperate with, in securing information re
of
ts
deposi
g
holdin
banks
of State member
8./16
Corporation
First National Corporation of Boston, request for
permission to extend acceptances and deposits to
amount equal to twelve times capital and surplus;
12 /9
report by Ur. Strauss re; approved
1229
1329
1249
1201-2
1376
1296
1472
1419
1420
1232
1278
1496
Deposits: (continued)
Sliding scale of interest on deposits with banks;
report
by Gov. re strong growth of opinion in Pittsburgh In
favor of,
7 /19
Deputy Chairman, F. R. Banks:
Present Deputy Chairmen authorized to continue
in office
for year 1919
12/11
Deputy Fiscal Agent, F. R. Board:
Burklin, R. R., resignation as, accepted
10/ 1
Eddy, Walter L., appointment as, approved
10/ 1
Director of Bureau of Engraving & Printi
ng:
See Wilmeth, James L.
See Bureau of Engraving & Printing
Directors:
See also Interlocking Directorates
Directors:
Baltimore Branch:
Ingle, William, elected as, for year 1919
12/11
Newcomer, Waldo, elected as, for year 1919
12/11
Birmingham Branch:
Rettig, W. H., elected as, for year 1919
12/11
Wells, Oscar, elected as, for year 1919
12/11
Branch Banks:
Government directors; election of, made special
order of business for Dec. 11th.
12/ 9
Cincinnati Branch:
Harmon, Judson, elected as, for year 1919
12/11
Rinsch, Charles A., elected as, for year 1919
12/11
Denver Branch:
Adams, Alva, letter from, dated Dec. 13th.
12/18
Adams, Alva, re-elected as director for calendar
year, 1919
12/18
Election of, deferred until meeting of Dec. 13th.
12/11
Evans, John, re-elected as, for calendar year 1919
12/18
Detroit Branch:
Ballantyne, John, elected as, for year 1919
12/11
Hodges, Charles H., elected as, for year 1919
12/11
El Paso Branch:
Coles, A. P., elected as, for year 1919
12/11
Turney, W. W„ elected as, for year 1919
12/11
F. R. Bank of Atlanta:
McCrary, J. A., effort of, to secure assistance
of
colleagues in his re-election; letters from
FRAgent Wellborn re,
10/29
Stern, Edgar B., status of, considered, in view of
•
entrance into Navy; agreed should withdraw
from directorate
7 /10
Zunts, James E.; letter from James E. Boudan,
Jr.,
favoring appointment as Class B director
8/8
Page
1212
1499
1359
1359
1499
1499
1500
1500
1496
1499
1499
1530
1533
1501
1533
1500
1500
1500
1500
1409
1193
1258
=II
Page
Directors:
(Continued)
F. R. Bank of Boston:
of,
Allen, Phillip R., Class B director; oath
7 /13
presented
F. R. Bank of Chicago:
son,
Election of director to succeed U. B. Hutchi
a /15
re,
deceased; letter from FRAgent Heath
cation
notifi
Hutchison, II. B., Class B director;
8 /6
of death
F. R. Bank of Kansas City:
of,
Minutes of recent meeting of Board of Directors
7 /29
y
transmitted by FRAgent Ramsa
F. R. Bank of Philadelphia:
of
Gaunt, George W., Class B director; notice
sing
expres
am
death presented, also telegr
9 /27
Board's regret sent to Gov. Passmore
F. R. Bank of San Francisco:
am from
Class A director for group 3 banks; telegr
favor
would
Board
FRAgent Perrin asking if
10/29
banker living near San Francisco as,
12/23
roved
disapp
in,
ses
Fees of; recomndation for increa
Jacksonville Branch:
12/11
Cooper, J. O., elected as, for year 1919
/11
12
1919
year
for
as,
Saussy, Fulton, elected
Little Rock Branch:
9 /25
notice of election
Cornish,
r
manage
and
or
direct
as
on
Davis, John M., electi
9 /25
at 1)5,000 per annum; notice re,
9 /25
or
direct
as
on
electi
of
notice
L„
Hemdnaway,
10/ 1
or
direct
Govt.
ted
appoin
Rogers, George Vi.,
Rogers, George W., appointment as director,
10/ 2
accepted
12/11
Rogers, George W., elected as director for 1919
10/ 1
Wright, Moorhead, appointed Govt. director
ed 10/ 2
Wright, Moorhead; appointment as director accept
12/11
Wright, Moorhead, elected as director for 1919
Louisville Branch:
12/11
Hoge, Charles E., elected as, for year 1919
12/11
Sackett, F. n., elected as, for year 1919
Memphis Branch:
7 /22
Fees of, set at 010 per meeting
/6
8
on
Heflin, John J., notice of electi
/6
8
on
McDowell, John D., notice of electi
/6
8
or
direct
Ragland, S. E., appointed Govt.
8
/
8
ed
accept
or
direct
as
Ragland, S. E., appointment
12/11
1919
year
for
as,
Ragland, S. K., elected
8/6
Riddick, T. K., appointed director
8/8
ed
accept
or
direct
as
tment
Riddick, T. K., appoin
12/11
1919
year
for
as,
Riddick, T. K., elected
1197
1276
1250
1232
1349
1409-10
1548
1500
1500
1343
1343-44
1343
1357
1361
1500
1357
1361
1500
1500
1500
1215
1251
1251
1252
0-8
127
1252
1257-8
1500
Directors:
(Continued)
Memphis Branch: (Continued)
Snowden, R. Brinkley; notice of election
6 /6
New Orleans Branch:
Bush, Albert P., elected as director for 1919
12/11
Saunders, (Dr.) P. H., appointment as Govt. director
recommended. by James E. Bauden, Jr.;approved. 8 / 8
Saunders, (Dr.) P. H., acceptance of appointment,
notice re,
8 /9
Saunders, (Dr.) P. H., designated Vice-Chairman of
Board
of Directors for 1919
12/13
Saunders, (Dr.) P. H., elected as director for 191912/11
Zunts, James E„ designated as Chairman of Board
of Directors for 1919
12/13
Zunts, Jams E., elected as director for 1919
12/11
Omaha Branch:
Hall, P. L., elected as director for 1919
12/11
Marnell, R. O., elected as director for 1919
12/11
Pittsburgh Branch:
Gallery, J. D., elected as director for 1919
12/11
Given, T. H., elected as director for 1919
12/11
Portland Branch:
Ames, Everett, elected as director for 1919
12/11
Strauss, Nathan, elected as director for 1919
12/11
Salt Lake City Branch:
Hanchett, Lafayette; proposed telegram of Mr.Mill
er
to Mr. Perrin advising of favorable disposition
of Board toward, as director; approved
12/31
Rawlins, Joseph. L., elected as director for 1919
12/11
Rawlins, J. L., letter tendering resignation as
director; accepted with regret
12/13
Rutter, R. L., appointment as director in place of
E. T. Coman, resigned; notice re,
11/20
Wright, C. G., elected as director for 1919
12/11
Seattle Branch:
Clarke, Charles H., elected as director for 1919
12/11
Peabody, Charles E., elected as director for 1919 12/11
Spokane Branch;
McGregor, Peter, elected as director for 1919
12/11
Rutter, R. L., appointment as director In place of
E. T. Conan, resigned; telegram from FRAgent
Perrin advising re,
11/20
Toevs, G. I., elected as director for 1919
12/11
Directors, Class "A" and "B":
Reclassification of electoral groups for, pursuant
to
provisions of Phelan Bill; responses from several
FRAgents to Board's letter requesting suggestions 10/ 1
re,
page
1251
1499
1258
1261
1506
1499
1508
1499
1500
1500 j
1499
1499
1501
1501
1567
1501
1506
1449
1501
1501
1501
1501
1449
1501
1356
Page
Directors, Class "A" and "B": (continued)
Reclassification of electoral groups for;
Effect upon Board of Directors of MBank of
San Francisco of Board's recant; letter
10/22
from FRAgent Perrin re,
Modification of Board's ruling re, recommended in
letters from Gov. & FRAgent at Minneapolis;
10/26
disapproved
Recommendation re; Nov. 19th. designated as date
for opening polls for election of directors
to succeed those whose terms expire on
10/ 2
Dec. 31st.
Re-presentation of question; table giving new
10/ 3
classification, approved
letter
Time limit allowed officers in casting votes for;
from Counsel re; voted general letter on subject
11/18
be sent FRAgents
Directors, Class "0":
Election of, made spacial order of business for Dec.11th.12/9
F. R. Bank of Atlanta:
Brown, Edward T., elected as, for period Jan. 1,
12/11
1919 to Dec. 31, 1921
F. R. Bank of Boston:
Hollis, Allen, elected as, for period Jan. 1,1919
12/11
to Dec. 31, 1921
vacancy
fill
to
nt,
appointme
Metcalf, Jesse H.,
caused by resiT3a,tion of Hon. Andrew J. Peters,
8 /6
approved
of
e
of
acceptanc
ion
notificat
H.,
Metcalf, Jesse
8 /13
appointmaat
Chicago:
of
F. R. Bank
Heath, William A., elected as, for period Jan. 1,
12/11
1919 to Dec. 31, 1921
:
F. R. Bank of Cleveland
Wolfe, H. P., elected as, for period Jan. 1, 1919
12/11
to Dec. 31, 1921
of
Dallas:
F. R. Bank
Newsome, V. N., elected as, for period Jan. 1, 1919
12/11
to Dec. 31, 1921
F. R. Bank of Kansas City:
Malone, R. H., elected as, for period Jan. 1, 1919
12/11
to Dec. 31, 1921
F. R. Bank of Minneapolis:
Lightner, Vim. H., elected as, for period Jan. 1,
12/11
1919 to Dec. 31, 1921
F. R. Bank of New Yo&:
Peabody, George Foster, elected as, for period Jan. 1,
12/11
1919 to Dec. 31, 1921
1394
1404
1361
1362-63
1443
1496
1498
1498
1247
1271
1498
1498
1499
1499
1499
1498
MCCVI
Directors' Class "C": (Continued.)
F. R. Bank of Philadelphia:
Harrison, Charles C., elected as, for period Jan. 1,
1919 to Dec. 31, 1921
12/11
F. R. Bank of Richmond:
Bruce, Howard, elected. as, for period. Jan. 1,1919
to Dec. 31, 1921
12/11
F. R. Bank of St. Louis:
McMartin, ;I., elected as, for period Jan. 1, 1919
to Dec. 31, 1921
12/11
F. R. Bank of San Frareisco:
Moore, Walton N., elected as, for period Jan. 1,
1919 to Dec. 31, 1921
12/11
List of, whose terms expire Dec. 31, 1918, presented
by Gov. Harding; consideration of, deferred until
meeting with FRAgents, Dec. 5th.
11/20
Discount Rate Sheets:
See under Discount Rates
Discount Rates:
American bank rate as compared with British;memoranda
of conversations of U. S. Commercial Attache at
London with Denison Miller, Sir George Paish and.
M. C. Norman in re; letter from B. S. Cutler of
Bureau of Foreign & Domestic Commerce re,
8 /27
Changes in; recommendations re, received from several
FRBanks; matter discussed but action deferred
12/20
Draft of letter for transmission to
Agents inquiring
about statistics as to, and rates of interest;
approved
7 /13
F. R. Bank of Atlanta:
Fifteen day paper, excluding that secured by Govt.
obligations; rate on, a roved at 4e0
8 /27
Fifteen-day paper; rate of 4rj on, approved, &
telegram re, authorized
8 /28
Notice that new rate of 4311; on paper maturing within
15 days (exclusive of that secured by Govt.
obligations) will be effective Sept. 3rd..
9
3
Report re, submitted; no changes
8 /23
Report re, submitted; no changes
9 /10
F. R. Bank of Chicago:
Commercial paper; rate on, discounted with 15 day
repurchase agreement, named at 41/
3, upon
recommandation of Bank
7 /30
Long paper discounted for 15 days or less under
repurchase agreement, advance in rate
of 1%
on; letter from Gcrv.McDougal stating Board
of Directors had concurred in plan of,
8/1
Page
1498
1498
1499
1499
1449
1296
1530
11.96
1294
1296
1303
1.291
1316
1235 .
1240
Page
Discount Rates:
(Continued.)
F. R. Bank of Chicago:
in rate from 5% to
change
paper;
day
Ninety7 requested by Bank, and telegram re,
4:24
7 /8
approved for transmission
to
5%
Ninety-day paper; rate on, changed from
7 /13
4-2%
/27
8
,
thereto
Telegram from Board to, and reply
F. R. Bank of Cleveland:
8 /13
Letter from Gov. Fancher re,
a /23
Report re, submitted; no changes
F. R. Bank of Dallas: .
Rate on 15-day paper, excluding that secured by
8 /27
Govt. obligations, approved at 4-g
bank
member
ng
Rate on 15 day paper, includi
collateral notes and excluding paper secured
9 /10
by Govt. obligations, approved at 4N
F. R. Bank of Kansas City:
Attention called by Gov. Harding to rate of 5.;:41 on
S;
all 16-90 day paper as against rate of 4,-.an
y;voted
maturit
similar
of
Govt. secured paper
Gov. ascertain period far which such rate is
9 /12
to remain effective
day,
16-90
on
rate
in
on
reducti
Commercial paper;
from 5$ to 5%, effective Sept. 20th.;
9 /17
telegram from FRAgent Rarsay re; approval
pproved
by:disa
d
propose
plan
rate
minimum
and
maTimam
7 /13
olis:
Minneap
of
F. R. Bank
Rate of 4-17% an paper maturing within 15 days,
including member bank collateral notes and exeluding paper secured by Govt. obligations,
9 /I0
approved
9 /17
Report from, re; no changes
Telegram from Board to, anri reply theroto,submit
8 /27
ted
ing
Telegram from Board to Gov. Wold re, suggest
7 /30
no reduction in rates
F. R. Bank of New York:
Long term paper, rate -on; letter from RAgent
8 /6
Jay re,
short
for
ted
Long term paper; rate on, discoun
periods an so-called repurchase agreements,
re-submitted for consideration; letter from
8 /8
FRAgant Jay re,
8/9
Renort re, submitted; no changes
F. R. Bank of Philadelphia:
Rate on repurchased paper, curtailment of credits,
and making of statements; letters from Gov.
8/1
Pas=ore re,
1189
1196-97
1294
1269
1291
1294
1318
1324-25
1333
1199
1318
1334
1294
1236
1248
1256
1261
1241
page
(Continued)
Discount Rates:
F. R. Bank of Richmond:
Application of, for reduction in; approved
12/23
F. R. Bank of St. Louis:
Commercial paper; rate of 4N nand on repurchases,
upon application from Bank
7 /30
Fifteen-day paper; letter from Bank requesting
advance of one-half of 4 on,
7 /27
Telegram from Board to, and reply thereto,
8 /27
F. R. Bank of San Francisco:
Certain rates approved for, and telegram to RAgent
re, authorized
8 /28
Changes in rates authorized
8 /22
Reduction in, on muter bank 15-day notes secured
by Govt. obligations, to
requested by Asst.
Agent Elliott
12/18
Reduction in, requested; approved oonditionally
12/23
Revision of; telegram from FRAgent Perrin re;
certain rates suggested by Board
8
13
/
Telegram from Gov. Harding to RAgent Perrin re, 8 27
F. R. Banks:
Letter from Senator E. S. Johnston forwarding letter
from President =nett of Stokgrowers Bank,
Ft. Pierre, S. D. re,
8/9
Mail reports of; proposed circular letter to FRAgents
providing for discontinuance of,approved as amended12/13
Repurchase agreement resulting in giving 15-day rate to
banks presenting 90-day paper for discount; question
re, discussed, apropos of memo. from Statistician 7 /19
Sheets showing, from various FRBanks,presented and noted
7 /10
7 /13
7 /18
1546°0
1236
1228
1294
1298
1286
4%,
8/1
7 /25
8/8
8 /15
8 /16
8 /22
9/3
9/6
9 /12
9 /19
9 /27
000///1031
10/15
10/17
1535
1546
1270
1296
1261
150/
1215
1195
1191
1206
z
2
3.256
1275
1276
1266
1
13331
1324
130
1346
11335576655
1371
130
Page
(Continued)
Discount Rates:
& noted
Sheets Showing, from various FRBanks,presented
10/24
1031
11/ 7
11/14
11/22
12/13
12/27
Telegrams from various FRBanks in re, noted
Discounting:
F. R. Bank of :linneapolis:
Arrangement with FRBank of New York for discount
8/5
for account of; report by Mr. Warburg re,
their
of
nt
discou
Musher & Co.; correspondence from, re
7 i25
bankers acceptances, and proposed reply,presented
se;
recour
t
Notes endorsed by non-member banks withou
7/8
memo. of Counsel re discount of,
or
bonds
Loan
y
Notes to member banks secured by Libert
re
Treasury certificates; letter from Gov. Wold
7 /13
discount of,
of
making
for
a
Atlant
Suggestion from Gov. of FRBark of
rule by Board re; voted rule undesirable but no
objection to Atlanta making effective method
11/27
proposed
Dividends:
Accrued dividends an stock surrendered by liquidating
banks; opinion of Counsel bolding that same cannot
be paid out of earnings made after surrender of
7/13
stock; approved
F. R. Bank of Atlanta:
12118
Dividend at 3%, as of Dec. 31, 1918, approved
F. R. Bank of Boston:
Dividend at 6;g, for period ending Dec. 31, 1918,
12/16
Approved
F. R. Bank of Chicago:
Dividend at 8%, for period July 1, 1918 to Jan. 1,
11/27
1919, approved
F. R. Bank of Cleveland:
Dividend at 6%, for period July 1, 1918 to Dec.
12/ 4
31, 1918, approved
F. R. Bank of Dallas:
Dividend at 6, for period July 1 to Dec. 31,
12/16
1918, approved
F. R. Bank of Kansas City:
Dividend at 3;g, for period July 1-Dec. 31, 1918,
12/16
approved
F. R. Bank of mtnreapolis:
Dividend at 8%, for period-June 30, 1918 to
11/22
Jan. 1, 1919, approved
1398
1417
1423
1438
1455
1507
1555
1243
1223
1191
1196
1466
1197
1632
1522-23
1465
1481
1522
1522
1456
XL
Page
Dividends:
(Continued)
F. R. Bank of New York:
Dividend at 6%, for period July 1 to Dec. 31,
1918, approved
1552
12/23
F. R. Bank of Philadelphia:
Dividend at 6%, for period July 1 to Dec. 31,
1918, approved
1509.
12/13
Resolution of Board of Directors of, re payme
nt of
dividends and disbursement of earnings
1190
7/8
F. R. Bank of Richmond.:
Dividend at
for period July 1 to Dec. 31,
1918, approved
12/16
1522
F. R. Bank of St. Louis:
Dividend at 6%, for period June 30 to Dec. 31,
1918, approved
1553
12/23
F. R. Bank of San Francisco:
Dividend at 6%, for period July 1 to Dec. 31,
1918, approved
12/30
1562
Division of Analysis & Investigation:
See Division of Analysis & Research
Division of Analysis & Research:
Appointments of employees in; memo. by Dr. Willis
recommending,
14'16
12/ 2
Compilation work of; form letters submitted by
Dr. Willis
for forwarding to merchants, banks and banke
rs requesting data for use in connection with;appro
ved 10/26
1401
Detailed arrangements for work of; letter from
Secretary
of Board to Gov. re; proposed plans approved
1226
7 /26
Federal Reserve note inquiry; letter from Dr. Willi
s
giving plan of investigation of; approved
10/26
1401
Form of organization and personnel of, recommende
d by
Committee; salaries approved subject to addit
ional
signature
9 /27
1349
Gold policy inquiry; letter from Dr. Willis givin
g plan
of investigation of; approved
1401
10/26
Report of Director covering work of, from Sept. 1
to
Nov. 30, 1918
1,444e
12/ 2
Staff of,
Gordon, (Miss) F. U., appointment approved
12/ 9
1491
Plan of operation and salaries of, submitted
by
Dr. Willis; plan approved, and salaries of
employees
thus far actually engaged
10/ 1
1356
L-- - Study of employment situation by, and evolv
ing of
plan to aid in determining future policy of
Board re extra compensation for employees,
approved
1509
12/13
Trade 4cooptance inviry;sommunioatiaa
from Dr. Willis
giving plan of investigation of; approved
1403
10/26
qg,
XLI
Page
Div. of Foreign Exchange:
Equipment of;
Adoption of liberal policy for staff and
ending
recomm
report of Committee
Trade
Cooperation of, with War Industries Board, War
with
l,
Counci
Trade
n
Foreig
Board, and National
n
certai
of
export
to
nce
particular refere
commodities to foreign countries; statement by
Mr... Kent re,
Extension Telephone Stations:
Contracts for installation of two, at annual cost
of $7.20 approved
Domenico, Delegate of Institut° Nazionale;
Rental of space by, in office of Mr. Kent at 415
Wall St., New York City, approved, upon
recommendation of Asst. Secretary Adelson
re
Musher & Co.; letter from Director of Division
of,
ctions
transa
ge
exchan
foreign
Quarters:
Lease of seventh floor of #37 Liberty Street at
45,000 per annum from FRBank of New York,approved upon request from Director of Div.
Lease of space occupied at #50 Wall St., N. Y.,
approved, at $2.37 per square foot per annum
Secretary authorized to sign lease for specified,
Bankers' Trust Co. Bldg., New York
7 i19
1214
a
1254
12/11
1505
10/22
1393
8/6
1250
10/17
1381
8 /13
in
7 /19
1274
6/
Salaries:
Alden, (Mrs.) Margaret,increase in salary approved
Banfield, Edna, increase in salary approved
Brower, (Miss) Helen I., increase in salary "
Cadigan, Russell J., increase in salary, approved
Cary, (Mrs.) Byrd, increase in salary approved
Changes in, recommended by Committee, approved
Coombe, (Miss) Grace E„ increase In salary
approved.
Cooper, Erin R., increase in salary approved
De Muth, Lillian, increase in salary approved
De Vigne, Helena A., increase in salary approved
Dreyer, Margaret, increase in salary approved
Drugon, (Mrs.) Marguerite, increase In salary
approved
Earl, Louise, increase In salary approved
Eckhardt, Anna K., increase in salary approved
Edrige, Adelaide R., increase in salary approved
Ellis, Mabel, increase in salary approved
Forbes, Elizabeth, increase in salary approved
Gallagher, (Mrs.) Florence, increase in salary
approval
Gibson, Edythe V.,inarease in salary approved
1213
12/20
12/20
12/20
12/20
12/20
8/1
1543
1543
1542
1542
1543
1241
12/20
12/20
12/20
12/20
12/20
1542
1543
1543
1543
1543
12/20
12/20
12/20
12/20
12/20
12/20
1543
1543
1543
1543
1543
1543
12/20
12/20
1543
1543
Div. of Foreign Exchange: (continued)
Salaries:
Hallock, Enna C, increase in salary to ,1,380
per annum, approved
10/.17
Hallock, Emma C., increase in salary to 0_,680
per annum, approved
12/20
Hatch, Eleanor, increase in salary approved
12/20
Hatfield, ijinnie, increase in salary approved
12/20
Hayden, (Mrs.) Ethel Lee, increase in salary
approved
12/20
Hayden, (Mrs.) Laura C., increase in salary
approved
12/20
Hewes, Evelyn, increase in salary
proved
12/20
Hitchcock, Raymond J., increase in salary approved
12/20
Hoffman, Grace Justus, increase in salary approved
12/20
Howell, ::11dred J., increase in salary approved
12/20
Hunn, (la's.) Hope Ivins,increase in salary approved
12/0
/2
20
Hyland, Theresa, increase in salary approved
Hynes, Louis B., increase in salary approved
12/20
Islip, (hiss) Alma, approval of salary at 4,000,
Instead of ,1,200 per annum, as stated in
minutes of October 8th., 1918
10/22
Islip, Alma, increase in salary approved
12/20
Johnson, (Mrs.) Florence, increase in salary
approved
12/20
uarion F., increase in salary approved
12/20
Kervan, (Mrs.) Elizabeth, increase in salary
approved
12/20
Lane, Janet, increase in salary approved
12/20
McCadden, Charlotte, increase in. salary, approved
12/20
McCain, Wilhelmina, increase in salary approved
12/20
McCoy, May, increase in salary approved
12/20
McDonald, Eva, increase in salary approved
12/20
McGowan, Anna, increase in salary approved
12/20
Malevinsky, Dorothy, increase in salary approved
12/20
Marsh, (Mrs.) Florence, increase in salary approved
12/20
Melervy,.Madeleine, increase in salary approved
12/20
lieraready, Lillian, increase in salary approved
12/20
Muller, Enna J., increase in salary approved
12/20
Parks, Daisy A., increase in salary approved
12/20
Penny, Maud, increase in salary approved
12/20
Petry, Lillian A., increase in salary approved
12/20
Pine, Violet G., increase in salary approved
12/20
Robson, Jennie M., increase in salary appro
ved
12/20
Rogers, Aglass, increase in salary approved
12/20
Root, Madeleine H., increase in salary approved
12/20
Russlend, Henrietta, increase in salary approved
12/20
Page
1384
1543
1543
1543
1543
1543
1543
1543
1543
1543
1543
1543
1543
1395
1544
1543
1543
1544
1544
1544
1544
1543
1543
1544
1544
1543
1544
1544
1544
1543
1544
1544
1543
1544
1544
1543
1543
XLIII
Page
Div. of Foreign Exchange: (continued)
Salaries:
Smith, Camilla, increase in salary approved
Spiller, Florence M., increase in salary approved
Squire, Christine G., increase in salary approved
Stieb, :Aldred K., increase in salary approved
Thompson, (Miss) Katherine, increase in salary
approved
Vermaelen, Joseph; salary at '685 per annum from
Au. 6th. to 15th. and at '4)480 per annum
thereafter, approved
Walsh, Thomas, increase in salary approved
Williams, Anthony, increase in salary approved
Wing, Caroline R., increase In salary approved
Staff of,
Alden, (Mrs.) Y.Targaret, appointment approved
Alexander, (Miss) Jean, appointment approved
Appointments on, recommended by Com't,approved
Atkinson, Doris, appointment approved
Banfield, (Miss) Edna, appointment approved
Bartels, (Miss) Virginia,apnointment approved
Bell, (hiss) Beatrice, appointment approved
Bevins, (Mrs.) Phebe C., appointment approved
Bishop, (Miss) Marie C., appointment approved
Brum, Marion, appointment approved
Brown,(Miss) Marion, appointment approved
Bryner, A., appointment approved
Buell, (Miss) Gertrude, appointment approved
Cassidy, John, appointment approved
Certain appointments on, recommended by Committee
Colton, Ann K., appointment approved
Cooper, (Miss) E., appointment approved
Cooper, (Miss) Laurenze, appointment approved
Costello, James, appointment approved
Crookston, (Miss) Helen M., resignation reported
De Lima, (Mrs.) Enid, appointment approved
Demuth, Lillian, appointment approved
De nuth, (Miss) Selma, appointment approved
Drugon, (Mrs.) Marguerite, appointment approved
Dutcher, (Miss) Pauline, appointment approved
Parl, (Miss) Louise, appointment approved
Ellis, (Miss) Mabel, appointment approved
Farr, (Mrs.) Lucy, appointment approved
Fay, Frank, appointment approved
Fessenden, A. F., appointment approved
Foote, (lairs.) Grace M., appointment approved
Forbes, (Miss) Elizabeth, appointment approved
12/20
12/20
12/20
12/20
1544
1543
1544
1544
11/ 4
1422
8/6
12/20
12/20
12/20
1253
1543
1544
1544
9 /25
a /23
8/1
9 /17
8 /27
9 /10
7/8
9 /19
8 /15
9 /10
10/22
7 /18
9 /19
10/29
7/2
8 /27
7 /18
10/ 8
8 /23
9/6
11/12
9 /10
10/ 1
9 /17
10/ 8
8 /9
8 /13
9 /10
9 /25
7 /19
10/ 1
8 /23
1347
1293
1241
1334
1297
1321
1190
1311
1277
1321
1395
1209
1341
1411
1183
1297
1209
1371
1293
1313
1434
1321
1360
1334
1371
1264
1272
1321
1347
1214
1360
1293
aIV
Div. of Foreitgi Exchange: (continued)
Staff of,
Gibson, (Miss) Edith, appointment approved
9 /12
Gorman, Alexander, appointment approved
8 /16
Graham, (Miss) Evalina, appointment approved
10/ 8
Hallock, (Miss) Emma, appointment approved
7 /13
Hartley, (Miss) Edith, appointment approved
9 /10
Hatch, (Miss) Eleanor, appointment approved
9 /10
Hayden, (Mrs.) E. L., appointment approved
7 /13
Heneke, (Liss) Grace, appointment approved
9/6
Hewes, (Miss) Evelyn, appointment approved
8/s
Hitchcock, Raymond, appointment approved
9 /4
Hoffman, (Liss) Grace Justus, appointment approved
7/8
Holly, Charles, appointment approved
10/ 8
Howell, (Liss) Henrietta, appointment approved
8/9
Islip, (Miss) Alma, appointment approved
10/ 8
Jackson, P. W.,appointment approved
7 /19
Kervan, (Mrs.) Elizabeth, appointment approved
10/ 8
Kossoff, Frances, appointment approved
9 /17
Lane, (Miss) Janet, appointment approved
8/9
Lapsley, Josephine Herrick, appointment approved
9 /10
Larison, (Miss) Delia, appointment approved
8/9
Larison, John, appointment approved
9 /17
Lockwood, (Liss) Marion, appointment approved
7/8
McGrath, Margaret V., appointment approved
8 /27
Malervy, (Miss) Madeleine, appointment approved
8 /27
Malevinsky, (Liss) Dorothy, appointment approved
7 /13
Meigs, (Miss) Lucia, appointment approved
7 /10
Miller, (Miss) Emma J., appointment approved
7/8
Miller, (Miss) EMma J., appointment approved
7/8
Morris, (Miss) ISargaret, appointment approved
8 /16
Parvin, (Miss) Dorothy, appointment approved
10/ 8
Passedoit, (Miss) Georgette, appointment approved 8
/23
Penny, (Miss) Maud, appointment approved
8 /27
Pratt, (Liss) Irene, appointment approved
10/22
Quinn, Samuel, appointment approved
12/13
Reimers, (Mrs.) Alma C., appointment approved
7 /13
Rhinelander, (Mrs.) Helen G., appointment approved 10/15
Riley, Margaret, appointment approved
8 /27
Risi, Anthony, appointment approved
12/ 6
Roberts, Lucy, appointment approved
10/24
Robson, Jennie M., appointment approved
8 /27
Rockford, A. V., appointment approved
7 /18
Rockford, Haaard, appointment approved
7/2
Rogers, (Miss) Agnes, appointment approved
7 /13
Samuel, (Miss) Ruth, appointment approved.
9/3
Saunders, Helen, appointment approved
9 /10
Page
1327
1279
1371
1198
1321
1321
1198
1313
1259
1308
1190
1371
1264
1371
1214
1371
1334
1264
1321
1264
1334
1190
1297
1297
1198
1194
1190
1190
1279
1371
1293
1297
1395
1511
1198
1378
1297
1486 4,
1399'1
1297
1209
1184
1198
1304
1321
page
Div. of Foreign Exchange: (continued)
Staff of,
9 /10
Smith, Camille, appointment approved
10/ 1
Spiller, (Miss) Mabel Ruth, appointment approved
/19
9
Squire, (Miss) Christine G., appointment approved
/13
a
Stafford, (Miss) Rose M., appointment approved
9/3
Steib, (Miss) Mildred K., appointment approved
/27
8
Sullivan, Marie Louise, appointment approved
/13
8
d
Thompson, (Miss) Katherine, appointment approve
/13
7
Vermaelen, Joseph, appointment approved
10/29
Williams, (lIrs.) Agnes H., appointment approved
8 23
d
Williams, Anthony, appointment approve
10/31
d
Williams, Ralph, appointment approve
/16
8
d
approve
ment
Williamson, (Miss) "Mary T., appoint
ry
Secreta
Acting
Telephone contract submitted by;
8/9
instructed to sign
d,
approve
for,
s
contract
Telephone service; substitute
8 /16
subject to review by Counsel
three
of
l
approva
for
ssion
transmi
Telephone service;
contracts for, by Director; approved, subject to
9/6
review by Counsel
10/17
re,
Adelson
ry
Secreta
Asst.
by
Work of; report
ics:
Div. of Reports & Statist
Quarters:
Memo. of Mr. Delano re space for; referred to Gov.
7 /22
with power to acquire
Question of larger, considered, and informal
7 /19
report re, made by Mr. Delano
/10
7
Question of larger, referred to Committee
Southern Building; memo. of Mr. Jacobson re
8 /6
quarters in, approved
Divisions of F. R. Board:
Names of heads of several, ordered printed in Bulletin 9 / 4
Dominion National Bank:
Exemption of essential employees of, from draft; letter
7 /29
re,
Drafts:
Character and eligibility of certain; opinion of
12/27
General Counsel re, approved
7 /22
re,
Counsel
of
memo.
;
charges
on
Drafts with collecti
in
l
banks
nationa
by
London
an
Drawing of long bills
the U. S.; presentation by Mr..Warburg of copy
7 /25
of memo. for Mr. Leffingwell re,
e
Drafts
Exchang
under
See
e:
Exchang
Government:
Method used by RBanks in transmitting to Treasury
Dept., also loss of considerable volume sent
by MBank of New York; statement by Gov. re, 11/27
1322
1360
1341
1272
1304
1297
1272
1198
1411
1293
1417
1279
1263
1279
1311
1382
1217
1212
1194
1252
1306
1231
1560
1216
1224
1464-65
XLVI
Drafts:
(continued)
Grain; letter from Cashier Cook at Minneapolis re
collection of,
7 /13
Guaranty Trust Co. of New York granted permission to
accept drafts of Anglo South American Bank, Ltd.,
Buenos Ayres, for purpose of furnishing dollar
exchange
8/6
Issuance of, on Hong Kong, China, in Nacoza
ro, Son.,
Mexico, for account of First National Bank of
Douglas, Arizona; letter from bank and opinio
n
of Counsel re,
8 /16
Mercantile Bank of the Americas; request from,
for
designation of Nicaragua as one of countries from
which long usance drafts may be drawn on. U.
S. for
purpose of creating dollar exchange; so design
ated 8/ 8
Permission to accept 90 day, drawn upon it by correspondents in Havana, Cuba, requested by Irving
National Bank of New York, for creation of dollar
exchange; approved
10/ 3
Permission to accept time, draan upon it by banks or
bankers in Argentine Republic for purpose of
creating dollar exchange, requested by National
Bank of Commerce, New York; approved
10/ 3
Rulings of Board re, drawn for purpose of financing
sales to Allied Purchasing Commission; letter
from
Agent Hardy re,
a/e
Secured by Chattel mortgages on cattle; memo.
of
Counsel re acceptances of, adopted.; to be
published
in Bulletin
7 /25
Status of drafts or acceptances, made payable with
collection charges; opinion of Counsel to,
7 /13
Transfer:
Authority to increase charge an drafts sold;
telegram from RAgent Perrin requesting,
8 /20
Effect of change of interest rate on; letter from
Deputy Gov. of MBank of Chicago re,
8/9
. Rate of interest on drafts bought; letter from
Agent Ramsay at Kansas City re,
e /20
Dysart Savings Bank (Iowa):
Letter from, re loans for unessential industries
7 /18
Suggested reply to, re land speculation as an
unessential industry
7 /22
Ellis, R. R., of Hessig-Ellis Drug. Co., Memphis,
Taan.,suggestion from, for classification of Liberty Bonds
as "quick
assets" in analyses of financial statements
lo/ 8
Matter taken up and referral to Counsel for reply
after conference with Governor
10/10
Page
1197
1248
1278
1258
1364
,
1364d
1259
1222
1197.
120010
1261.40
1283
1207
1216
1370
1372
Page
Emergency Fleet Corporation:
Request from Vice President Coonley of, that Board cooperate with, in securing information re condition
of State member banks holding deposits of
8 /16
Corporation
Emerson & Buckingham Bank & Trust Co., Longmont, Colo.
Application of, in process of conversion, for permission
to exercise trust powers under authority of Section
8 /13
11-K of FRAct; neap. of Counsel re,
n
into
conversio
Exercise of trust powers by, after
national bank; recommendation of committee re;
voted to approve when submitted through regular
9 /4
channel
Employment Situation:
Study of; voted to instruct Div. of Analysis and
Research to study, and evolve plan for aiding Board
in determining policy re extra compensation for
12/13
employees on account of high cost of living
Endorsements:
Discounting of notes endorsed by non-member banks without
7/8
recourse; memo. of Counsel re,
from
letter
another;
to
MBank
one
by
sold
Of paper
10/29
FRAgant at San Francisco re,
Rrnst, Roger, of Boston; request from, for opinion re
Section 22 of FRAct, as amended, as it pertains to
12/27
Clayton Act; opinion of Gen.Counsel re, approved
Espionage Acts
Title 7 of; letter from Hicks, Phelps, Dickson, & Bobbitt
8 /20
of San Antonio, Texas re, with memo. of Counsel
Examinations:
Adelson, Louis C., Asst. Secretary, ERBoard, authorized
to assume full charge of all examination work in
8 /13
absence or disability of Chief Examiner
g
submittin
er
"Affiliated Companies"; memo. from Comptroll
on
examinati
of
report
abstract of Schedule 31 of last
10/26
in re,
which
banking
foreign
and
Banks engaged in international
have filed agreements with FRBoari; memo. of Mr.
11/22
Broderick re examinations of certain, approved
F. R. Bank of Cleveland.:
Report of examination of, as at close of business
Aug. 17, 1918, with abstract thereof by
10/22
Secretary; ordered circulated
F. R. Bank of Minneapolis:
Report of eimmination of, as at closo of business
Sept. 7, 1918, with abstract thereof by
10/22
Secretary; ordered circulated
1278
1273
1308
1509
1191
1407
1560
1283
1268
1404
1454
1390
1390
Examinations: (continued)
F. R. Bank of New Yotk:
Report of examination as at close of business
June 1, 1916, submitted
8 /6
Report of examination of, as at close of business
June 1, 1918, reported back to Board by
Chairman Warburg of New York Committee
a /8
F. R. Bank of San Framisco:
Report re, as of Sept. 21st., presented
11/27
First National Corporation; agreement by Lir. Williams
to have national examiners make examinations of,
when necessary
11/22
Guaranty Trust Co. of New York; exAmination of, by
New York State Banking Department; suggestion by
Lir. Miller that FRexaminers participate In next,
lo/ 8
Guaranty Trust Co. of New York; menu. of Secretary in
re participation of FRexaminers with State examiners
in next examination of,
10/16
Guaranty Trust Co. of New York; memo. of Secretary ro, 10/26
Incoming State banks; letter from FRAent Ramsay re
expense of examinations of; agreed initial exnense may
be paid by Reserve Bank
7 /27
International Banking Corporation; agreement by Mr.
Williams to have national examiners make examinations
of, when necessary
11/22
Mercantile Bank of the Americas; letter and statement
from, referred to Counsel with question as to
Board's responsibility for examining bank
7 /10
state bank members; article for insertion in Nov.
Bulletin In re, approved
10/26
State bank members; letter from FRAgent Wills of
Cleveland re,
12/31
Twelfth F. R. District:
Plan for examination of member and other banks in,
submitted by Filk,
,ent Perrin; approved with one
exception
10 /1
Examiners:
Federal Reserve:
Adelson, Louis C., Asst. Sec., FRBoard, authorized
to assume full charge of all examination work
in absence or disability of Chief Examiner
6 /13
Atkins, J. B., assistant examiner, salary increased
to $1,800 per annum
12/30
Aughertan, G. A., assistant examiner, salary increased from 32,000 to $2,700 per annum
12/20
Blanchard, H. Wallace, report of Committee recommending as, at Boston; ref. to Mr. Broderick
11/22
with power
Blocker, J. H.,appointment at 3250 per month
9/3
Page
1250
1260
1465
1454-0
1367
1386 1
1229
145a
)
1195
1405
1568
1355
1268
1566
1541
1460
1305
XLIX
Page
Examiners: (continued)
Federal Reserve:
Blocker, J. H., of Dallas, salary approved at
12/18
02,500 per annum
salary
examiner,
assistant
Jr.,
James,
Buchanan,
_
12/20
increased from $2,100 to 03,000 per annum
of,
Buchanan, James, Jr., changing of designation
Jan. 1, 1919, from assistant examiner to
12/20
examiner, approved
Chamberlin, R. B., assistant examiner, salary
12/20
increased from $1,800 to $2,000 per annum
Chambers, R. E., of Dallas, salary approved at
12/18
$3,000 per annum
annum
per
Chapman, Ralph, appointment at $2,700
approved, upon release by FRBank of Minneapolis
10/ 8
approved
salary
examiner,
Chapman, R. 14, assistant
12/30
at $2,700 per annum
annum,
per
$3,600
at
nt
appointme
Conway, J. M.,
12/27
approved
$3,600
from
salary
in
increase
Crocker, Sherwood,
10/24
to 43,900 per annum, approved
RBank
for
examiner
nt
as
appointme
G.,
Dever, J.
10/24
! approved
of St. Louis at $2,400 per annum
to
$3,000
from
increased
salary
Donald, W. J.,
8/ 22
$3,600 per annum
Donald, W. J., salary increased to $4,000 per
12/30
annum
Duane, William J., salary increased from $3,600
10/26
to $3,900 per annum
Gordon, P. A., appointment as assistant to examiner
Will at St. Louis, at $2,000 per annum, appr. 7/ 25
Gordon, P. A., assistant examiner, salary increased
12/30
to $2,500 per amalun
for
examiner
Grosscup, Edward T., appointment as
FRBank of Philadelphia at 04,500 per annum,
9/ 27
approved
at
examiner
assistant
as
tmart
Grund, Val J.,appoin
12/13
$2,500 per annum, approved
12/30
annum
per
$2,500
at
approved
salary
Grund, Val J.,
Guild, Royal W., report of Committee recommending,
at Boston; referred to Secretary and Chief of
11'22
Div. of Audit & Examination with power
Hamilton,George L., salary increased from $3,600
12/20
to 3,900 per annum
Hereon, J. F., salary increased from $4,000 to
8 /22
$4,200 per annum
Herson J. F., salary increased from $4,200 to
12/20
$4,11500 per annum
1529-30
1541
1541
1541
1529-30
1370
1566
1560
1400
1400
1289
1566
1405
1222
1566
1350
1518
1566
1460
1541
1289
1541
Examiners: (continued)
Federal Reserve:
Kraft, A. R., appointment as assistant to exami
ner
Will at St. Louis at $1,800 per annum,
approved
7 /25
Kraft, A. R., assistant examiner, salary incre
ased
to $2,100 per annum
12/30
Laning, Alfred H., resignation, effective Nov.
6th.,
submitted and accepted
10/22
Morton, Claude, appointment as assistant
examiner,
Eastern Farce, at $2,400 per annum, approved 12/23
Paddock, W. W., appointment as examiner at $4,20
0
per annum, approved
7 /16
Paddock, W. W., salary increased from $4,200 to
04,500 per annum
12/20
Prickett, Karl E., appointment as assistant examiner
on Eastern Force, at $1,800 per annum,approved12/16
Sargent, S. G., appointment as examiner in twelfth
district at $5,000 per annum, approved, and
duties outlined
8 /22
Sargent, S. G., statement by Mr. Miller of discussion
with officers of FRBank of San Francisco re
appointment of, as examiner for Board
8/6
Sargent, S. G., tendering of position of examiner
to,
at 05,000 per annum, approved
8/9
Walter W. E., salary increased from $3,600 to
04,200 per annum
8 /22
Walter, W. E., salary increased from 04,200 to
$4,500
per annum
12/20
Will, John A., appointment at 05,000 per annum,
approved
7/2
Will, John A., letter from, accepting appoi
ntment as
examiner, noted
7/8
Will, John A., permission to travel as neces
sary,
and direct travel of assistant examiners and
employees assigned to his office, authorized
7 /16
Will, John A., salary increased to $6,000
per
annum
12/30
Wilson, Mark A., appointment at $3,600 per annum
,
approved
12/27
National bank examining force; letter from
Comptroller
of Currency advising of changes in, during
July
8/6
Salaries of National Bank:
Anheier, C. H., increase in salary from
$3,600 to
$3,900 per annum, approved
a Aa
Beaty, O. H., increase in salary from $3,00
0 to
$3,300 per annum, approved
8 /28
Best, John A., salary at $3,000 per annum,
approved,
effective on assuming duty
7/ 26
1222
1566
1396
1554
1204
1541
1523
1288
1252
1263
1289
1541
1183
1190
1204
1568
1560
1250
1300
1290
1226
LI
Page
Examiners: (continued)
Salaries of National Bank:
Blackman, H. C., increase in salary from $3,000
8 /28
to 43,300 per annum, approved
annum
per
Bonesteel, Verne C., salary at 42,400
9 /17
approved far,
to
03,300
from
Barden, D. C., increase in salary
8 /28
43,600 per annum, approved
07,000
from
salary
in
Boughton, James K., increase
8 /28
to 47,500 per annum, approved
to
02,400
from
salary
Boyd, O. E., increase in
8 /28
$2,700 per annum, approved
increase
#9,
Dist.
of
Examiner
Chief
Brawn, Fred,
in salary from 46,000 to $6,500 per annum,
a /28
approved .
to
43,900
from
salary.
in
increase
M.,
Buckles, Ward
12/ 4
44,200 per annum, approved
to
$3,000
from
salary
in
increase
Byers, R. W.,
8 /28
43,300 per annum, approved
annum,
per
$2,700
at
salary
0.,
L.
Challmore,
7 /10
approved foron assuming duty
Clark, Thorne, appointment at $2,700 per annum,
8 /22
approved
Collier, R. H., Chief Fxruniner of Dist. 11, increase
in salary from $6,000 to 46,500 per annum,
8 /28
approved
Collier, R. H., Chief Tbuuriner, increase in salary
from 06,500 to 47,000 per annum, recommended;
11/18
referred to Executive Committee with power
inCollier, Richard. H., Chief Elm-miner, salary
11/19
creased from 46,500 to 07,000 per annum
Congdon, Sidney B., notice from Comptroller that
salary of, would cease temporarily, to enable
performance of certain services for another
9 /25
Govt. Dept.
to
$2,400
from
in
salary
Cooper; T. A., increase
a /28
$2,700 per annum, approved
$3,300
from
in
salary
increase
C.,
Dorsey, R. J.
8 /28
to $3,600 per annum, approved
from
$2,400
salary
in
increase
M.,
James
Dunbar,
8 /28
to 42,700 per annum, approved
Filson, Charles H., increase in salary from $3,900
8 /28
to $4,200 per annum, approved
Finney, R. Gordon, increase in salary from $3,000
8 /28
to 03,300 per annum, approved
Gaither, Horace R., increase In salary from 46,000
to 06,500 per annum. recommended; referred to
11/18
Executive Committee with power
Gaither, Horace R., Chief ExAminer, salary increased
11/19
from 46,000 to 06,500 per annum
1299
1334
1299
1299
1299
1300
1482
1299
1195
1288
1300
1446
1447
1345
1299
1299
1299
1300
1299
1446
1447
LII
muminerss
(continued)
Salaries of National Bank:
Gellerstedt, L. L., salary approved at $3,300
per annum
7/10
Goodwyn, T. J., increase in salary from $3,000
to $3,300 per annum, approved
8 /28
Gossett, E. F., increase in salary from 03,600
to $3,900 per annum, approved
8 /28
Gray, W. M., increase in salary from $2,700 to
$3,000 per annum, approved
a /28
Greenfield, J. B., increase in salary from $2,400
to $2,700 per annum, approved
8 /28
Griffin, J. L., salary at 03,000 per annum, approved,
effective an assuming duty
7 /24
Hanson, V. E., increase in salary from 02,400 to
12,700 per annum, approved
8 /28
Hargreaves, Richard L., of Richmond, increase in
salary from 03,000 to $3,600 per annum,
Approved
12/18
Harris, T. E., increase in salary from $2,400 to
02,700 per annum, approved
8 /28
Hayes, Ben, Jr., increase in salary from 03,000 to
$3,300 per annum, approved
11/27
Heineman, Harry E., reduction in salary from $7,50
0
to $6,000 per annum upon return from detail in
South Amarica, as per understanding,approved
10/15
Higgins, Elmore F., increase in salary from
$7,000
to 07,500 per mamxm, approved
8 /28
Hodgson, Reginald IL, of Atlanta, salary appro
ved
at $2,400 per annum
8/8
Hoffman, L. W., increase in salary from 02,70
0 to
$3,300 per annum, approved
8 /28
Hopkins, R. L., increase in salary from $3,30
0 to
03,600 per annum, approved '
8 /28
Horn, C. F., increase in salary from $2,700
to
03,000 per annum, approved
8 /28
Houston, R. C., Increase in salary from $2,700 to
$3,000 per annum, approved
8 /28
Hubbell, E. S., salary at $3,600 per annum appro
ved
for, effective on assuming duty
7/ 24
James A. L., increase in salary from $2,400 to
2,700 par annum, approved
8 /28
Jernegau, E. S., increase in salary from $2,70
0 to
$3,000 per annum, approved
a /28
Johnson, Edward L., Chief Examiner, Dist.#3,in
crease
in salary from $8,000 to 08,500 per annum,
approved
8 /28
Kuchins, C. R., increase in salary from 02,40
0 to
02,700 per =um, approved
8 /28
6
Page
1195
1299
1300
1300
1299
1220
1300
1534
1299
1469
1376°19
1299
1260
1299
1299
1299
1299
1220
1300
1300
1299
1299
LIII
Page
(continued)
Examiners:
Salaries of National Bank:
MeClerkin, G. M., increase in salary from 02,400
8 /28
to 42,700 per annum, approved
to
$4,200
from
salary
in
se
Machen, H. L., increa
a /28
$4,500 per annum, approved
in
se
increa
er,
Examin
Chief
C.,
Mulloney, Daniel
salary from 46,000 to 46,500 per annum,
recommended; ref. to Exec. Comft with power 11/18
Mullaney, Daniel C., Chief Examiner, salary
11/19
increased from 36,000 to $6,500 per annum
Otto, C. C., increase in salary from 42,700 to
a /28
43,000 per annum, approved
Parker, Edward F., increase in salary from 42,400
a /28
to 42,700 per annum, approved
to
Peel, R. W., increase in salary from $2,400
8 /28
32,700 per annum, approved
43,300
from
Penix, Jesse L., increase in salary
11/ 7
to 43,600 per annum, approved
to
43,300
from
Riddell, C. F., increase in salary
8 /28
43,600 per annum, approved
per
$3,600
at
ed
Roberts, Wm. C., salary approv
10/15
annum, effective Nov. 1st.
1
:3,600
from
salary
in
Schachter, W. J., increase
8 /28
to 04,200 per annum, approved
to
,
'
2,700
from
salary
in
Scott, H. W., increase
a /28
0,000 per annum, approved
to
43,000
from
salary
in
Sisk, Carl M., increase
8 /28
43,300 per annum, approved
per
04,500
at
ed
approv
salary
Stauffer, George E.,
10/15
annum
43,000
from
salary
in
se
,
increa
Stearns, E. Willey
8 /28
4 3,300 per annum, approved
to 4
03,600
from
salary
in
se
increa
L.,
Stevens, George
12/18
to 43,900 per annum, approved
Thomas, Hubert F., increase in salary from $3,300
9 /6
to 43,600 per annum, approved
Thomas, T. O., increase in salary from 42,700 to
8 /28
43,000 per annum, approved
42,400
of
salary
Thompson, J. Ernest, appointment at
9/3
per annum, approved
to
44,200
from
Thompson, Oscar, increase in salary
8 /28
44,500 per annum, approved
to
:A.,000
from
salary
in
Trimble, Janos, increase
46,500 per annum, recommended.; referred to
11/18
Executive Committee with power
to
46,000
from
sed
increa
Trimble, Janos; salary
11/19
$6,500 per annum
1300
1299
1446
1447
1300
1299
1300
1426
1299
1378
1299
1299
1299
1378
1299
1534
1313
1299
1303
1300
1446
1447
LITT
RJraponers: (continued)
Salaries of National Bank:
Wilcox, W. E., increase in salary from 47,000 to
47,500 per annum, approved
8 /28
Wilde, Max C., increase in salary from 42,700 to
43,000 per annum, approved
8 /28
Williams, Thomas M., increase in salary from $3,600
to 03,900 per annum, approved
8 /28
Wilson, Lewis, increase in salary from 42,700 to
43,000 per annum, approved
8 /28
Wood, John S., increase in salary from $3,300 to
$3,600 per annum, approved
8 /28
Woodside, Hal, increase in salary from $3,000 to
03,300 per annum, approved
8 /28
Wotan, C. S., increase in salary from $2,400 to
02,700 per annum, approved
8 /28
Young, William R., increase from 02,400 to $2,700
per annum, approved
11/25
Exchange:
Bolivian:
Correspondence re, presented, in re proposed plan
for stabilization of exchange rates between
U. S. and Bolivia, together with acceptance
from Bolivian Minister; plan approved and
FRBaak of New York authorized to open account
in accordance with tarns stated
8/6
Ratification of agreement heretofore submitted to
Board re, by Bolivia, reported; copy of agreement
to be sent FRBank of New York
8 /5
Colombia:
Chemical National Bank of New York granted permission
to furnish dollar exchange in,
7/2
Cuban:
Mechanics and Metals National Bank of New York
granted permission to accept 90 day sight drafto
to 4500,000 for furnishing dollar exchange
in Cuba
10/ 1
Mechanics and Metals National Bank of New Yotk;
request from, for designation, of Cuba as one
of countries in which exchange may be drawn
for purpose of creating dollar exchange;
approved
10/ 1
Dollar:
Chemical National Bank of New York granted permission
to furnish, in Colombia
7/2
Cuba; designation of, as one of countries in which
exchange may be drawn for purpose of creating
dollar exchange, at request of Mechanics and
Metals Nat. Bank of New York
10/ 1
page
1300
1300
1300
1300
1299
1299
1300
1463
1246'41
1244
1184
1356
1356
1154
1356
LV
Page
Exchange:
(continued)
Dollar:
Guaranty Trust Co. of New York granted permission
to accept drafts of Anglo South American Bank,
Buenos Ayres, for purpose of furnishing dollar
8/6
exchange
for
request
York,
New
Irving National Bank of
permission to accept 90-day drafts drawn upon
it by correspondents in Havana, Cuba, for
10/ 3
creation of dollar exchange; approved
ion
permiss
York;
New
e,
National Bank of Commerc
to accept time drafts drawn upon it by banks
or bankers in Argentine Republic for purpose
of creating dollar exchange, requested by
10/ 3
Vice-President Rovensky; approved
for
from,
request
Boston;
Bank,
National Jhawmut
authority for banks and bankers in China and
Japan to draw drafts on, for purpose of creating
10/24
dollar exchange; referred
of
by,
wal
National Shawmut Bank, Boston; withdra
application for permission to accept drafts
for creation of dollar exchange in China
10/29
and Japan
s
countrie
of
Nicaragua; designation of, as one
from which long usanco drafts may be drawn on
U. S. to create dollar exchange; request from
Morcantile Bank of the Anericas for; so
a /s
designated
Italian:
Adjustment of; letter from Asst. Secretary of
7/8
State Phillips ro,
by
nt
stateme
in;
Speculations of Musher & Co.
8/1
Mr. Kent re,
Peruvian:
Stabilization of rates between U. S. and Peru;
11/20
letter from Secretary of Treasury re,
Spanish:
Speculations of 'Dasher & Co. in; statement by
a /1
Mr. Kent re,
Transactions prohibited as in contravention to public
interest; presentation by Mr. Warburg of blank
7 124
for forwarding to those engaging in,
Exchange Charges:
National Exchange Bank & First National Bank of Roanoke,
• Va., exchange charge of 1/10 of k; on checks drawn
on; correspondence from Mr. Glass and Deputy
10/ 8
Chairman Peabody of New York re,
1248
1364
1364-65
1398
1409
1258
1189
1240
1450
1240
1220
1368
LVI
Exchange Charges: (continued)
Status of bills payable with collection charges as
distinct from; opinion of Counsel re,
7 /18
Exchange Drafts:
Conditions governing rise of Federal Reserve; questio
n
re, tabled
a /1
Letter from FRAgant Wills re,
7 /15
Recommendations re Federal Reserve, filed with Board
by Chairman of conference held in Board Roam on
Aug. 7th., at which representatives of several
FRBanks were present
8/8
Exchange National Bank, Spokane, Washington:
Acceptances in excess of legal maximum, letter re;
referred to Gov. Harding with pomr after consultation with Counsel and Comptroller of Currency
11/ 7
"Executive Order of Sept. 7, 1917":
Suggestion by Mr. Laller for lifting of, at South and
Central Amsrican points; voted Llr. Lliller be requested to submit mono. with reasons for notion
11/18
Fancher, E. R., Gov., FR3ank of Cleveland:
Protest from, of order of Asst. Secretary of Treasury
that FRBanks receive, destroy and account for
War Savings certificates
12/30
Fannin County Bank, Bonham, Texas:
Application of, for membership in FRSystem, present
ed,
with memo. by Secretary and Counsel in re conditi
ons
of membership, discussed; admitted on general
conditions only
11/22
Farm Credit Statement; letter from Secretary of Agriculture
enclosing memo. re relation of, to short time bay*
credit for farmers
7 /16
Farmers' National Bank, Springfield, Ill.
Liquidation of, in purchase of its assets by Ridgely
Farmers' State Bank, organizing, and proposed
application of latter bank for membership; memo.
of Counsel re, approved
11/27
Federal Advisory Council:
See Advisory Council:
Federal Reserve Act;
Amendments to,
Amendment permitting acceptance up to 1o(4 based
an
domestic transactions; letter from First &
Security National Bank of Llinneapolis,
minn.
suggesting,
9 /17
Amendment to permit RBanks to rediscount 15-day
notes of other FRBanks with eligible paper
pledged as collateral, and use such notes as
collateral for FRnotes; letter from FRAgent
Wills suggesting; referred to Counsel
7 /15
Page
1208
1242
1200
1255
1425
1444
1562
145649
1205
1470
1333
1200
LVII
Page
P. R. Act:
Amendments to, (continued)
Approval of pending, by Conference Committee;
9 /19
report by Gov. re,
Counsel instructed to prepare and submit amendment
to permit Board to treat surplus as capital in
re applications for membership from State
11/18
banks
11/27
tted
above,submd
Memo. of Counsel in re
Chairman
by
Report by Gov. of introduction in House,
of Banking & Currency Committee, of bill to
12/18
amend,on Dec. 17th.
banks
to
national
permit
to
Suggested amendment
invest in stock of discount company to be
organized in. New York; correspondence in re,
between Gov. Harding 4: Deputy Gov. Treman;
11/20
Gov. to reply adversely
from
letter
of
n
presentatio
of;
Documentary history
Dr. H. Parker Willis in re preparation of,discussed;
Mr. Miller authorized to take up matter with
11/20
Dr. Willis
Revised copy of; Counsel directed to prepare, incorporating
10/ 1
all amendments thereto,
Section 22 of, as amended, pertaining to Clayton Act;
request from Roger Ernst of Boston for opinion re;
12/27
opinion of General Counsel approved
P. R. Agents:
Assistants to,
Ballantyne, John, appointment as Acting FRAgent at
Detroit Branch, to serve as substitute in
8/9
absence of Mr. Baskin, approved
City;
Kansas
at
Boardman, C. K., Asst. FRAgent
7/3
approval of salary at 43,600 per annum
InCity,
at
Kansas
FRAgent
Boardmar, C. K., Asst.
crease in salary to 04,000 per annum,approved 12/16
Bond in awn of $100,000, running to the United
States, transmitted by Asst. Agent at New York
9 i10
and approved
7 /27
Bonds for, set at 0100,000
Cobbs, J. B., Asst. FRAgent at Birudngham,appointment
7 /25
approved at $2,100 per annum
Dudley, A. H., Asst. at Richmond; letter from FRAgent
Hardy re possibility of being called in the
8/a
Draft
Elliott, Edward, appointment as Asst. FRAgent at
San Francisco for remainder of calendar
11/14
year, approved
at
FRAgent
Employment of additional assistant by
8 /27
Now York without title, authorized
1338
1442
1470
1528
1450
1452
1357
1560
1263
1186
1524
1315-16
1229
1224
1259
1438
1295
LVIII
F. R. Agents:
Assistants to, (continued)
Fry, J. G., appointment as Asst. FRAgent at Richmond
at 03,600 per annum, recommended by FRAgent
Hardy; referred to Gov. & Comptroller Williams
with power
10/18
Fry, J. G., appointment as Asst. FRAgent at Richno
nd
at salary of 03,600 per annum, approved
11/20
Kemmerer, E. W., appointment, temporarily, as
assistant to FRAgent Jay in organizing statistical
work of FRBank of New York, approved
7 /10
Kemmerer, Bo W., conditions of employment of; letter
from FRAgent Jay re,
7 /13
Kemmerer, E. W., report of Committee re employment
of, by FRAgent at New York, approved
7 /13
Martin, George Ne, Asst. FRAgent at Jacksonville,
salary at $2,100 per annum, approved
8/1
Mosher, Curtiss L., Minneapolis, increase in salary
from 43,500 to 04,800 per annum, recommended
by FRAgaat Rich; Gov. to reply
12/16
Peabody, George Foster, appointment temporarily as
Asst. FRAgent at new York with designation of
Acting FRAgent, approved
9 /10
Peabody, George Foster; letter from Gov. Hardi
ng to,
re assuming duties of office of Asst. FRAgen
t
at New York in absence of Mr. Jay
9 /12
Saussy, Fulton, Acting Asst. FRAgent at Jackso
nville;
letter from FRAgent Wellborn in re compen
sation
of,
10/31
Saussy, Fulton, substitute Asst. FRAgent at
Jacksonville;
compensation for services approved
11/12
White, Wm. H., Asst. FRAgent at Chicago, appointment
approved in place of Mark A. Lies, aad bond
fixed at $50,000
10/17
White, W. H., Asst. FRAgent at Chicago; letter from
FRAgent Heath recommending increase in
compensation of,
12/23
Continuation in office of present, for year
1919, approved
12/11
Letters from Board to, re
Departments of examination in FRBanks; referr
ed to
Executive Committee with power
12/23
Discontinuance of mail reports of discount
rates;
approved as amended
12/13
Draft of letter, enclosing letter for forwarding
to
Clearing House Maragers, approved
8/1
Publication of Agents/ reports of business condit
ions;
prepared by Div. of Analysis & Research anti
approved
12/16
Page
1386
1452
1195
1196
1198
1242
1527
1318
1328
1416
1434
1381
1548-'10
1499
1549
1507
1239
1524
LIX
Page
P. R. Agents: (continued)
Letters from Board to, re
Rates of interest iand discount, inquiring re
7 /13
statistics as to;appraved for transmission
Revision of Regulation F, series of 1917, fiduciary
powers of national banks; prepared by Counsel
11/22
and approved
Treatment of reserves against deposits and note
12/18
liabilities of FRBanks; approved as amended
Proposed conference of, in Washington, on Dec. 5th. for
11/12
discussion of annual reports, etc., approved
Responses from several, to Board's letter requesting
suggestions for re-division of electoral groups for
Class "A" and "B" directors, pursuant to provisions
10/ 1
of Phelan Bill
Salaries:
12/13
General discussion re; action deferred
by
d
transmitte
of,
Sixth Conference; copies of digest
12/31
FRAgent Martin of St. Louis
on
appreciati
expressing
Telegram from Gov. Harding to,
of services rendered by directors ,officers and
12/23
employees of FRBamks for year 1918; approved
F. R. Bank Notes:
Authority to purchase Treasury certificates for deposit
8 /20
as security for; memo. of Gov. in re, approved
replace
to
ons,
denominati
small
of
of,
issue
for
Necessity
silver certificates being withirmvn; letter from Gov.
Fancher enclosing copy of letter from Fifth-Third
8/9
National Bank of Cincinnati re,
Printing of, and of F. R. notes; letter from Asst.
7 /16
Secretary of Treasury Moyle re,
P. R. Bank of Atlanta:
10/17
Adelson, Louis C., report by, of visit made to Bank
Agency at Savannah, Ga.
Authority to establish, re4uested by FRAgont Wellborn;
11/18
agency approved
12/13
re
proposed,
Counsel
Memo. by General
Counsel
at;
notes
R.
F.
handling
Restrictions for
11/18
instructed to prepare memo. outlining,
from
letters
le;
Jacksonvil
&
Birmingham
Branches at
FRAgent Wellborn asking authority to appoint certain
8 /27
officers and employees at; approved
Directors: See under heading "Directors"
Discount Rates:
an paper maturing within 16 days
New rate of
(exclusive of that secured by Gavt.obligations)
9/3
effective an Sept. 3rd.; notice re,
Rate of 4i:1 approved an paper with 15-day maturity;
8 /28
telegram to FRAgent re, authorized
1196
1458
1532
1431
1355
1507
1568
1545
1282
1262
1203
1382
1443
1510
1443
1297
44
1303
1298
LX
F. R. Bank of Atlanta: (continued)
Discounts; letter from Gov. McCord sugL:esting making of
rule by Board in re; voted rule undesirable but
no objection to Atlanta making effective method
proposed.
11/27
District Capital Issues Committee; absorption of expens
es
of, incurred prior to May 17, 1918, by FRBaak of
Atlanta, approved
10/22
Dividend at
as of Dec. 31, 1918, approved
12/18
McCrary, J. A., director; letters from FRAgert Wellborn
in re effort of, to secure assistance of colleagues
in his re-election
10/29
Private wires of F. R. System; letter from Gov. McCord
re use of,
7 /27
Rediscounts, renewal of; telegram from Gov. Harding to
Bank re policy as to; approved
10/18
Salaries:
Bell, M. W„ Cashier, Committee report recomeending
salary for, at 45,000 per annum; referred to
Executive Committee with power
12/18
Bell, M. W., Cashier, conditional approval of salary
at 45,000 per annum
12/20
Patterson, W. R.,Asst. Cashier, salary increased from
02,700 to $3,000 per annum,effective Sept. 15,9
/25
Pike, J. B., Board unwilling to approve salary of,
in excess of 47,500 per annum
10/24
Wellborn, M. B., FRAgent, action on salary deferr
ed12/23
Staff of,
Campbell, J. L., appointment as Asst. Cashier,reco
mmended in letter from FRAgant Wellborn
10/31
Campbell, J. L., appointment as Asst. Cashier,
at
43,600 per annum, approved
11/14
Cobbs, J. B., FRAgent at Birmingham, appointment
at $2,100 per annum, approved
Granberry, J. A. appointment as TIATL9ger of Credit 7 /25
Bureau at 0300 per annum, approved
10/22
Pike, J. B., appointnent as Deputy Gov. at salary
of $7,500 per annum, approVed
11/18
Pik e, J. B., resiGaation as Cashier, noted
12/16
Toole, W. H., recommendation for appointment as
Manager, Fiscal Agency Dept.,at 04,500 per
annum; referred to Exec. Committee with. power
12/18
Toole, W. H., placed in charge of Fiscal Agency
Dept. at 04,500 per annum
12/20
Vault; machinery necessary for completion of, necessary
for use by Ordnance Dept.; letter from Maj.
Gen.
C. C. Williams stating,
8 /5
4,
Page
1466
1390
1532
1409
1228
1389
1534
1540
1346
1397
1551
1416
1439
1224
1395
1448
1524
1534
1540
1244
,
Lit
Page
F. R. Bank of Boston:
Agreement of brokers to sell certificates of indebtedness
at not less than par and interest; letter from
7 /29
Gov. Boras re, noted
;
in,submitted
use
for
proposed
schedules
Annual report;
Agents re approved form and
general letter to
11/12
approved
reports,
such
tenor of
of
Chairman
by
out
sending
re
Times
York
Article in New
District Committee on Capital Issues of letter to
banks and trust companies re borrowings for
9/6
capital purposes
Bonuses:
Bonus policy for succeeding six months; request
from Bank for permission to announce, on
12/13
Jan. 1, 1919; discussed and disapproved
Report of Committee re, for period ending June 30,
7 /3
1918, approved
FRAgent
from
Charge off against real estate of; letter
12/31
requesting, to amount of 4200,000, approved
See under heading "Directors"
Directors:
Dividend at 6, for period ending Dec. 31, 1918opproved 12/16
Drafting of employees of Old Colony Trust Co.; letter
9 /12
from Gov. Mbrss re,
FRAgent
from
letter
Financial statements by borrowers;
8 /13
Curtiss re,
as
appointmant
accepting
Metcalf, Jesse H., letter
8 /13
Class "C" director
telegram
obligations;
by
Govt.
Ninety-day paper secured
9 /25
from FRAgent Curtiss proposing rate of 4,1a on,
bonds;
Loan
Liberty
Fourth
by
secured
Ninety-day paper
special rate for, requested by FRAgent Curtiss;
9 /30
acted upon
bonds;
Loan
Liberty
Fourth
by
secured
paper
ay
Ninety-d
special rate of 4S on, requested by FRAgent
10/ 3
Curtiss, approved
Recommendations as to Boston District submitted by
10/17
FRAgent Curtiss
Repurchase by, of 05,000,000 acceptances rediscounted
11/27
for it by FRBank of Phila. at 4,noted
Salaries:
Clerks; recommendations re increase of 10% in
salaries of, In view of Board disapproving
prior commitments for bonuses in 1919; disapproved and revised list of recommendations
12/18
S
requested
at
315,000,
fixed
salary
FRAgent,
Curtiss, F. H.,
12/23
for 1919
12/31
roved
far
ns
increases,app
recommendatio
Employees;
1231
1430-31
1310
1519-20
1187
1567
1522-23
1325
1271
1271
1343
1351
1365
1383
1467
1529
1550
1568
.
LXII
F. R. Bank of Boston: (continued)
Salaries:
Officers and employees; recommendations for increa
se
in salaries for 1919, approved
12/16
Report of Committee re, for period ending June 30,
1918, approved
7/3
Weed, Arthur H.,Attorney & Secretary, increase in
salary from 0200 to 0300 per month, approved 11/25
Use by Capital Issues Committee of private telegraph
line; letter from Gov. McDougal re,
9 /12
F. H. Bank of Chicago:
Absorption by, of cost of return stamped envelopes enclosed with cash letters sent to member and nonmember banks for collection and remittance; memo. of
Secretary in re inquiry of Deputy Gov. re,
10/24
Advance in rate
of 1% on long paper discounted for 15
days,or less,under repurchase agreement; letter
from Gov. McDougal stating Board of Directors had
concurred in plan of,
8/1
Appointment of Committee of Transit Managers of FRBanks to
confer with Committee of American Bankers' Association
in re plan for identifying collection items of banks
on inter-district par list; ref. to Sec. with power12/ 4
Bonus policy for year 1919; request from Bank for permis
sion to declare in advance,discussed and disapp
roved12/13
Building site for,
purchase of; qu3stion re, brought up by Mr.
Eiller10/31
Purchase of; question re proposed, tabled until
Dec. 5th. for discussion with Ur. Heath
11/12
Purchale of; recommendations of directors re,
10/29
Resolution re, to be submitted by Mr. Hamlin at
meeting of Board., Dec. 3rd.
11/27
Site ahosen,approved
12/ 3
Statement by Gov. Harding that approval of purchase
of, as yet =determined
11/27
Change in time of using leased wires suggested by,
embodied in memo. of Chief Clerk of Board; approved 7/30
Commercial paper discounted with 15-day repurchase
agreement; rate of 4,2
110 on, named upon request of Bank 7 /30
Department of bank examinations of; letter from
RAgent
Heath submitting plan for extending scope and usefulness of, with memo. of Mr. Broderick concurring
in, submitted; plan approved.
11/12
Directors:
See under beading "Directors"
Dividend at 6% for period July 1, 1918 to Jan. 1,
1919, approved
11/27
Expense of private wire service; memo. from Bank
showing,
6/1
Page
15254/
1181
1463
1325
1398°99
1240
1480
1519'4°
1418°11
1433
1408
1465
1477"'"
1465
12310
1235
1430
1465
1239
LXIII
Page
F. R. Bank of Chicago: (continued)
Leased, wire between Chicago, Cleveland, & Washington;
letter from Deputy Gov. McKay re; installation
8/5
of service approved
Messenger at telegraph office in Washington, D. C.;
appointment of, at 040 per month, to be paid
8 /16
by Bank, approved
for
Bank
from
n
catio
appli
rate;
Ninety-day discount
change in, from s„; to 424, presented; telegram
7/8
re, approved for transmission
Ninety-day discount rate; change in, from 5% to
7 /13
4,approved
,
bonds
Ninety-day paper secured by Fourth Liberty Loan
al
speci
of
ent
lishm
estab
for
Bank
from
proposal
9 /30
rate for; acted upon
;
bonds
Loan
ty
Ninety-day paper secured by Fourth Liber
al
proposal from Bank for establishment of speci
10/ 1
rate of 4% for, approved
;
bonds
Loan
ty
Ninety-day paper secured by Fourth Liber
10/ 2
rate of 4-1'.1 on, proposed by Bank, approved
in
tted
submi
ict
Recommendations as to Chicago Distr
10/17
letter from RAgent Heath
ng
deali
in
banks
etber
non-m
Relative status of momber and
in Treasury certificates; letter from Gov.
7 /18
McDougal re,
Salaries:
Changes in, as set forth in letter from W. F.
a /1
McLallen, approved.
12/23
Heath, W. .A., FRAgent, salary fixed at $15,000
0
,:)3,00
from
y
salar
in
ase
incre
UcLallen, W. P.,
12/18
to 43,500 per anima, approved
tadjus
for
tions
menda
recom
yees;
emplo
Officers and
mant of salaries of, approved with amendments
12/16
,
thereto,
four,
of
y
Telegraph operators; increase in salar
from 01,500 to 01,680 per annum, recommended
10/29
by Committee
Staff of,
12/ 4
Cramer, S. B., appointment as Cashier,approved
er
Cashi
Asst.
as
Harlan, Frank H.,appointment
10/29
at 03,500 per annum, approved
at
er
Cashi
Asst.
as
tment
Lindsten, Frank A., appoin
10/29
i1.3,500 per annum, approved
to
Gov.
Asst.
as
tment
appoin
McCloud, B. C.,
12 /4
McDougall, approved
er
Cashi
Asst.
as
tment
appoin
J.,
Netterstrom, O.
10/29
at 03,500 per annum, approved
12/30
e
re,
notic
1919;
for
of,
ion
Officers, elect
1243
1279
1189
1196-97
1351
1353
1361
1383
1209
1242
1550
1534
1526
1411
1483
1411
1411
1483
1411
1566
F. R. Bank of Chicago: (=ntinued)
Staff of,
Vogt, A. H., appointment as Asst.Cadhiertapproved 12/ 4
White, 71114 H., appointment as Asst.
Agent in
place of Vark A. Lies, approved; bond. fixed
at 450,000
10/17
Telegraph wire between, and. New York;
Installation of direct; letter from Gov. McDougal
recommending, and reply of Gov. thereto,
9/3
Installation of direct; report by Gov. Harding re;
Mr. Miller aathorized to obtain data as to
necessity for, and submit to Board
9 /10
Installation of direct, with drop line at Washington;
report by Mr. Miller recommeniing, approved upon
condition that Treasury Dept. pay half cost
9 /12
Memo. from Director of War Loan Organization to Asst.
Secretary. of Treasury Leffingwell re Treasury Dept.
assuming one-;half cost of,
9 /17
Memo, of Secretary recommending keeping of record of
messages sent for Capital Issues Committee and
War Finance Corporation and. rendering monthly
bill for same; approved
9 /17
F. R. Bank of Cleveland:
Demand for 01 and 02 bills and necessity for issue,
of FRBank notes of small denominations to replace
silver certificates being withdrawn; letter from
Gov. Fancher enclosing copy of letter from Fifth,Third Nat. Bank of Cincinnati re,
8/9
Discount rates; letter from Gov. Fancher re,
8 /13
Discount rates; report re,
-8 / a
Dividend at q;, for period July 1 to Dec. 31,1918,
approved
12 /4
Examination of; report -re, as at close of business,
Aug. 17, 1918, with abstractbySecretary
10/22
Letter to be sent out by, re increased demand for
loans for carrying investments; telegram. by
Gov. Harding to Gov. Fancher approving,
submitted and approved
12/23
Lost coupons; letter from FRAgent Wills re refunding
to Treasury value of,
7 /25
Nail transfer rate; letter from Cashier re,
9 /17
Salaries:
Fancher, E. R., Gov., salary approved at 025,000
' per annum, for 1919
12/27
Officers and employees; recommendations for
increases in salaries for 1919,approved 12/27
7/111s, D. C., FRAgant, salary fixed at 420,000
for 1919
12/23
page
1483
1381
1304
1319
1326
1328
1328
1262
1269
1255
1481
1390
1545
1223
1330
1559
1559
1550
Page
P. R. Bank of Cleveland: (continued)
Staff of,
Baxter, Edwin, Secretary & Cashier; release of, for
military service, with pay at 412,000 per annum
10/ 1
during absence, requested by FRAgent WIlls
F. R. Bank of Dallas:
Bonus system at;
7 /10
Letter from FRAgent Ramsey re,
bank
of
s
employee
to
Payment of accrued bonuses
drafted for military service, approved, also
8 /22
to the estate of a deceased employee
7 /18
Report of Committee re,.
y
Mr.Rame
request
to
agreed
re;
Delano
Report of Mr.
/22
7
proposal
to modify
re
Ramsey
FRAgent
from
letter
ations;
Building accommod
7 /27
new,
vacation
tale
to
on
permissi
for
from,
request
Chairman;
12/30
with pay; approved
Charges to depreciation; letter from Chairman transmit
12/27
ting recommendations with respect to; approved
re
Cotton situation; telegram from FRAgent Ramsey
11/ 7
measures for relief of,
Eleventh
Deficient reserves of certain member banks of
11/25
District; letter from Cashier re,
e /8
' Discount rates; report re; no changes
12/16
.31,1918
Dividend approved at 6%,for period July 1-Dec
Eligibility of note, proceeds of which have been used
for comnercial, industrial and agricultural purposes;
12/13
letter from Gov. Harding to Gov. Van Zandt re,
of
Director
by
ed
Eligibility of railroad note authoriz
Finance for paying increased railroad salaries;
telegram from Deputy Gov. Hoopes re; eligibility
7 /30
considered doubtful
letter
banks;
State
incoming
of
Expense of examination
from FRAgent Ramsey re; agreed initial expense
7 /27
be paid by Reserve Bank
Uiller;
S.
Paul
by
incurred
Paso
El
to
Expense of moving
7 /10
letter from FRAgent Ramsey re; account approved
July
on
of,
s
Director
of
Board
of
meeting
of
Minutes
7 /18
2nd., presented
;
counties
stricken
drought
in
ns
conditio
relieve
to
Plan
letter from FRAgent Ramsey outlining, considered at
meeting of bankers in Dallas on Sept. 6th.; plan
9 /12
approved by Board
Quarters:
Acquirement of better; letter from Dallas re;
Board no objection to purchase of ground but
7 /23
must be consulted before building
7 /27
new,
Building accommodations; letter re
1359
1193
1287
1210
1215
1229
1564
1557
1425
1461-62
1255
1522
1510
1235
1229
1194
1206
1324
1218
1229
LXVI
F. R. Bank of Dallas:
Quarters: (continued)
Contracts for designing, superintendence and.
interior arrangements of new bank building;
letter from FRAgent Ramsey submitting copies
of,
9 /17
Contracts for erection of new bank building; memo.
of Secretary re; voted to secure opinion of
Supervising Architect of Treasury Dept.
11/18
Rediscounts; telegram from Dallas re; voted to suggest
New York rediscount $4,000,000 eligible paper
30-90 days at
for,
7 /30
Salaries:
Ashley, J. M.; letter from FRAgent recommending
increase in salary of, approved
12/30
Bloaker, J. H., Examiner, salary approved at
$2,500 per amnam
12/18
Bonus system and salary adjustments as set forth
in detail by Committee, approved
6/1
Chambers, R. E., letter from.FRAgent Ramsey re reimbursement of salary of, owing to entire time
having been devoted to work of War Finance
Corporation
9 /17
Chambers, R. E. (BYAminer); salary approved at
$3,000 per annum
12/18
Increases in; letter from Bank re,
7 /15
Increases in; letter from FRAGent Ramsey re,
7
Increases in; letter from RAgent Ramsey re, and
reply of Gov. Harding, noted
10/22
King, R. L., increase in salary from $115 to $130
per month, approved
7 /13
Leavell,
; increase in salary from 4100 to $120
per month, approved
7 /13
Maxey, E. L., increase in salary from $125 to $150
per month, approved
9 /17
Novey, E. T., increase in salary from ,0100 to 4120
per month, approved
7 /13
Officers and employees; question re salaries of,
for year 1919, referred to Executive Committee
with power
11/18
Officers and employees; recommendations re adjustment of salaries for 1919, approved; action
on salary of FRAgent deferred
12/16
Ramsey, W. F., salary fixed at $12,000 for 1919 . 12/23
Ramsey, Wm. F., salary fixed at 414,000 for 1919,
upon recommendation of Director Sansom
12/30
System of paying employees at Dallas; letter of
reply from RAgent Ramsey to Board's communication re,
7 /30
4-:210
AO
page
1331
1442
1235
1564
0
152
1242
1335
0
1194
152
1200
1393
1198
1198
1334
1198
1446
1528
1551
1564
1233
LXVII
Page
F. R. Bank of Dallas: (continued)
Staff of,
Evans, Joe; letter from FRAgent re appointment as
general assistant to Gov. and himself at ,;,3,000
9 /25
per annum; referred to Gov. with power
FRAgent
from
letter
Hoopes, J. W., Deputy Gov.;
12/23
advising of possible resignation of,
F. R. Bank of ;Colinas City:
Assignment of U. S. bonds; resolution re, transmitted
7/2
by FRBank to Board
ng
transmitti
FRAgent
from
letter
of;
Board of Directors
7 /29
minutes of recent meeting of,
for,
Building site
Choice of, discussed; voted original decision
7/2
requires no modification
Darwin
Letter from Comptroller enclosing one from
P. Kingsley re, with draft of letter from Gov.
7 Yi0
to 2.1r. Kingsley; draft approved
Burnham
E.
Selection of proposed; letter from C.
transmitting views of minority of Board of
7/8
FRBank of Kansas City re,
imand
buildings
Charge off of ;A00,000 on account of
provements; letter from Gov. Hiller requesting,
12/27
with memo. by Secretary recommending; approved
/8
8
Discount rates; report re; no changes
31,
to
Dec.
1
July
Dividend at 3iLapproved for period
12/16
1918
in
increase
for
tion
Executive Committee; recommenda
per diem fee of members of, from ten to twenty
10/ 8
dollars; disapproved
Committee;
Executive
of
members
and
Fees to directors
12/23
recomnendations re increases in, disapproved
legal
for
same
needing
customers
to
of,
payment
Gold;
7 /23
tender purposes; letter from Gov. Miller re,
Intention of Gov. & FRAgent of, to submit bills against
War Finance Corporation for attending meetings of
Kansas City Cattle Loan Agency; statement by Gov.
Harding re; voted officers of Board and FRBanks
not entitled to extra compensation for duties
10/22
performed for other governmental agencies
d
disapprove
by;
Maximum and minimum rate plan proposed
7 /13
by Board
Gov.
from
telegram
New wheat arriving in Kansas City;
Miller notifying of, and. number of cars to be
7 /15
paid for, of date
5i5g
from
reduced
on,
rate
paper;
Ninety-day commercial
to pr„ effective Sept. 20th.; telegram from FRAgent
9 /17
stating,
1345-46
1550
1185
1232
1183
1192-93
1190
1555-56
1255
1522
1366
1548
1218
1388-89
1199
1202
1333
LXVIII
F. R. Bank of Kansas City: (continued)
Ninety-day paper secured by Fourth Liberty Loan bonds;
rate of 4% on, proposed by RAgent; approved
10/ 1
quarters:
Contracts in connection with construction of new
bank building; letter from Gov. Miller
asking approval of; approved
11/27
Resolution of Board of Directors of, re appointment of
J. Z. Miller to membership on FRBoard; letter from
FRAgent Ramsay to Soc. of Treasury transmitting,
7./30
Salaries:
Anderson, A. W.; statement by Gov, of receipt of
communication from FRAgent Ramsay and C. E.
Burnham objecting to curtailment in increase
of salary of; with letter of reply to
Mr. Burnham, read and approved
12/31
Boardman, C. K., Asst. FRAgent, salary fixed at
03,600 per annum
7/3
Changes in; report of Committee recommending,
7 /19
Officers and employees; recommendations for increases in salaries of, approved
12/23
Ramsay, Asa E., FRAgent, salary fixed at 012,000
for year 1919
12/23
Report of Committee recommending approval of,
effective July 1st.
7/2
Staff of,
Changes in; report of Committee recommending,
7 /19
Earhart, L. H., appointment as Asst. Cashier'at
02,400 per annum, approved
9 /25
Helm, J. W., appointment as Asst. Cashier at 02,400
per annum, approved
9 /25
Phillips, John, Jr., appointment as Asst. Cashier
at 03,000 per annum, approved
9 /25
Trade acceptances drawn against a canning company; opinion
of Counsel in form of letter to Bank re,
7 /18
Trade acceptance question; letter to Bank re sundry
phases of, referred to Gov. Harding with authority
to reply
7 /22
Transfer drafts bought; rate of interest on; letter from
FRAgent Ramsay re,
8 /20
F. R. Bank of Minneapolis:
Class "A" and "B" directors; letters from Gov. & FRAgent
recommending modification of Board's ruling re classif
ication of electoral groups for; disapproved
10/26
Collection of grain drafts; letter from Cashier Cook
re,7/13
Crop conditions and probability of increase in rediscounts
at banks in District during next few months; letter
from FRAgent Rich re,
7 /15
Page
1356
1470
1234
156/
1186
1214
1543
1551
1183
1214
1346
1346
1346
1208
1218
1263
1404
1191
1201-$
LXIX
Page
P.R. Bank of Llinneapolis: (continued)
8/8
Discount rates; report ro; no changes
Discount rates; telegram from Board to Gov. Wold re,
7 /30
suggesting no reduction in,
Discounting of notes to member banks secured by Liberty
Loan bonds or Treasury certificates; letter from
7 /13
Gov. 'Vold re,
1,
Jan.
Dividend at 6%, for period June 30, 1918 to
11/22
1919, approved
Examination of; report re, as at close of business
Sept. 7, 1918, with abstract thereof by Secretary 10/22
Notes offered for rediscount; letter from RAgent Rich
7 /18
re filing of statement with,
an
alleged
re
Wold
Gov.
from
letter
Pending legislation;
communication from Counsel as to; statenuat re,
7 /27
approved for Bulletin
Salaries:
Changes in salaries of officers and employees,
6 /20
approved
Mosher, Curtiss L., Asst. PRAgent; recommendation
from FRAgent Rich for increase in salary of,
from 03,500 to 04,800 per annum; Gov. to reply12/16
Rich, John ][1., FRAgent, salary fixed at 012,000,
12/23
for 1919
Sales of Treasury certificates below par; letter from
8/1
Gov. Weld re,
Staff of,
YoUng, R. A„ notice of appointment as Deputy Gov. 12/16
Statements from customers of member banks; letter from
7 /27
Gay'. Vold re use of,
P. R. Bank of New York:
Appointments at, in excess of 02,400 per annum; list of,
submitted by Bank in response to Board's letter of
9 /19
Sept. 11th.
Argentine Govt. deposits with, for liquidating Argentine
obligations; report of conference between Ambassador
7 /25
Naon and Ur. Warburg re,
Bank of Prance; reciprocal deposit account with; correa /20
spondence of Gov. and RAgent Jay re,
Bankers acceptances, concentration of, in hands of
MBank of New York; letter from Deputy Gov.
9 /30
Treman re,
Bankers acceptances; rate at 4/4 for 1-15 day, Cafe for
16-90 day, and 41,4 for 60-90 day, approved upon
9 /30
request of Deputy Gov. Case
8/6
Bolivian account with; authorization of,
Bolivian Govt.; deposit of $1,000,000 by, with Bank;
8/8
notification re,
1255
1236
1196
1456
.
1390
1212
1228
1284
1527
1551
1241
1524
1228
1339
1222-23
1282
1351-52
1351
1246-47
1254
La
F. R. Bank of New York: (continued)
Bond of Asst. FRAgent transmitted to Board and approvei 9 /10
Borrowers' statements; letter re, from Bank
8/1
Building site;
Purchase of additional lot; approval of, requested
by Gov. Strong; approved, subject to approval
by Messrs. McAdoo & Williams
11/18
Purchase of additional lot, approved
12/ 3
Writing off, as of Dec. 31, 1918, of appraised. value
of improvements on land recently acquired for,
approved
12/23
Charges to depreciation; report by Secretary in re,
approved
12/27
Club for employees; report by Mr. Strauss re letter
from Asst.Secretary Barrows requesting approval of
appropriation for; ref. back to Mr. Strauss
12/20
Do Nederlandsche Bank; request for appointment as Agent
in Holland., and for permission for each Bank to
maintain an account with the other
Approved by
Committee
11/ 2
Approved by Board
11,/ 4
Discount rates at; report re i no Changes
8/9
Distinction between trade acceptances within meaning of
regulation of Board, and bills of exchange drawn
against actual existing values; letter from Deputy
Gov. Tremaa requesting ruling re; opinion of
Counsel re, approved
8 /23
Dividend at G;;, for period July 1 to Dec. 31, 1918,
approved
12/23
Examination of; report, as at close of business June 1,
1918, submitted
8/6
F-Trimination of; report re, as at close of business
June 1, 1918, reported back to Board by Chairman
Warburg of New York Committee
8/8
Federal Reserve Club of New York:
Appropriation of $10,000 by Bank for support of,
•
for benefit of employees; report by Mr.
Strauss recommending, approved
12/23
Gold; withdrawal of, for industrial use; letter from
- Bank re,
7 /23
Gold holdings of national banks; letter from Deputy- Gov.
Treman in re call for report of, In next report
of condition
10/22
Holding of certain U. S. certificates by, as trustee, for
account of Spanish banks; letter from Deputy Gov. Case
re, approved
11/ 8
Page
131546
1239
1442e4
1478
1553
1557
1536 51
1419
1420
1261
1291
"
1550
1250
1260
1547
'
46
1218
1393
1428
LLa
Page
F. R. Bank of New York:
(continued)
International Products Co. of New York; right of member
banks to accept drafts drawn by, under credit to be
opened by 71m. Schall & Co. of New York City
Letter from FRAgent Jay & opinion of Counsel re, 9 /17
9 /19
Opinion of Counsel approved
10 3
Counsel
to
ref.
and
Revised statemoat submitted
10/10
re,
York
New
of
FRBank
to
Letter from Gov. Harding
10/17
approved
Opinion of Counsel
opinion
of
criticism
re
Letter from Counsel
10/26
renderel in re,
objections
legal
of
removal
of
Harding
Report by Gov.
to approval by Board of credit proposed for, 11/18
Counsel instructed to prepare letter approving
credit and outlining conditions under which
108
shall be consimmated
Investment by New York Institutions in stock of discount
company; letter from Deputy Gov. of FRBank and reply
8 /20
of Gov. Harding re,
Dept.;
Treasury
Loss of Govt. drafts transmitted from, to
report by Gov. Harding re, discussed, and referred to
11/27
Governor with power
Treasury
to
by,
shipped
Loss of upper halves of F. R. notes
Dept.; memo. of Counsel re, presented, and copy
11/14
ordered forwarded to Bank
Jay
from
FRAgent
letter
Method of passing on loans at;
7 /18
re
appointfor
request
Norway;
,
Norges Bank of Christiania
ment as Agent in Norway, and for permission for each
10/10
bank to maintain an account with the other,approved
memo.
account;
Govt.
for
60,000,000
Pesetas, purchase of
of Ur. Strauss transmitting letter from Gov.
7 /25
Strong re,
Plan for issuing reserve notes to; letter from P. R.
8 /20
Agent Jay re,
c,uintana, F. II., designation of, as substitute for Ambassador
Naon, resigned, in executing drafts an Argentine Credit;
11/25
letter re, referred to Governor
value
Real estate; application for permission to write down
of, to $1.00; memo. of General Counsel recommending
12/13
disapproval of, approved
Recommendations of, referred to Secretary for report,
12/23
after consultation with Counsel
of
purpose
for
given
notes
Rediscounts of customers'
carrying Fourth Liberty-Loan bonds and secured thereby;
letter from Deputy Gov. Case re; referred to Counsel
10/126
for opinion
1329
1337
1364
1372
1382
1402
1442
1442
1282
1464-65
1437-38
1207
1373-71
1224
1281
1462
1508-9
1553
1402
F. R. Bank of New York: (continued)
Renewal of loans made to clerks of, by State banks
which become members; letter ro, ref. to Counsel 7 /18
Salaries:
Changes in; report of Committee recommending,
approved
7/2
Governor, salary fixed at 050,000 for year 1919
1211#
Hendricks, L. H., Caahier, salary at $2,000, instead of $1,500, approved upon request of
Chairman of Bank
12/18
Jay, Pierre, FRAgent, salary fixed at $30,000
per annum for 1919
12/23
Officers and employees, increases in salaries of,
and bonuses; report of Er. 3trauss in re
recommendations for, from Mr. Peabody; recommendations approved with modifications
12/143
Officers and employees; recommendations for changes
in salaries of, approved
12/16
Officers of F. R. Banks; letter from Chairman re
policy to be pursued in adjustment of
salaries of,
12/16
Treman, R. H., Deputy Gov., salary approved at
425,000 for 1919, and at rate of 030,000
when acting as Governor
12/13
Treman, R. H., Deputy Gov.; salary of, reconsidered;
fixed at $30,000 per annum
12/16
Staff of,
Additional assistant;
Agent Jay authorized to
employ, without title, at salary not in excess
of $4,500 per annum
8 /27
Auea, John, appointrnrt at 04,000 per annum,approved
11/1a
Cunard, Frfrnk, appointrent at $2,400 per annum,
approved
10/15
Curtis, J. F., Deputy Gov., notice of absence from
Bank until Jan. 1, 1919, owing to ill health 10/15
Emison, J., appointment as Asst. Auditor;notice re,9 /25
Foster, (Mr.) !Nor; letter from FRAgent Jay re
appointment of, as special assistant
9 /4
Hayward, G. 11., appointment as Asst. Auditor;
notice re,
9 /25
Jamison, George, appointment at $2,400 per
annum, approved
10/15
Kemmerer, B. W., appointment approved, temporarily,
to assist in organizing statistical work
7 /10
Kemmerer, E.17.; letter from FRAgent Jay re
conditions of employment of,
/13
Kemmerer, E. W.; report of Committee re employment7
of, by FRAgent Jay; approved
7 /13
Page
1207
1184
1517
1526'49
1550
15101
1526
1524
1520
4/
'
152
4d
1296
1446
1379
1376
1345
1306
1345
1379
1196
1196
1198
LXX1II
Page
F•11. Bank of New York: (continued)
Staff of,
Low, Henry C., Jr., appointment at 02,400 per
10/15
annum, approved.
per
McCrum, Leslie R., appointment at 03,000
11/18
annum, approved
per
02,400
Meeks, Ludlow C., appointment at
11/18
annum, approved
as
temporarily
Peabody, George Foster, appointment
Asst. FRAgent at New York with designation of
9 /10
Acting F. R. Agent, approved
re
to,
Gov.
from
letter
Peabody, George Foster;
assuming duties of office of Asst. RAgent
9 /12
in absence of Mr. Jay; noted
per
at
42,400
appointment
H.,
Roraback, Robert
11/18
annum, approved
annum,
per
09,000
at
appointment
Chaining,
Rudd,
10/15
approved
Simpson, W. G., appointment as Asst. Auditor;
9 /25
notice re,
Sveriges Riksbank, of Sweden; request for appointment as
Agent in Sweden, and for permission for each Bank
9/5
to maintain an account with the other
9 /10
Ratified by Board
study
also
Time schedule of F. R. Banks, correction in;
of float situation; letter from Gov. Strong
8 /13
suggesting,
giving
report
Treasury certificates of indebtedness;
7 /29
amounts subscribed
F.
from
Geo.
letter
Architect;
Trowbridge, Alexander B.,
Peabody asking approval by Board of action of Bank
7 i15
in employing, for period of year; approved
financing
,
Corporation
Grain
ion
Administrat
Food
U. S.
10/ 3
operations of; letter from E. R. Kenzel re,
F. II. Bank of Philadelphia:
Bank building, reduction in book value of; letter from
12/20
Gov. Passmore requesting, approved
Bonuses:
Bonus of 2070 to all employees below rank of Cashier,
7/3
approved, for period ending June 30, 1918
Recommendations re payment of, to employees,
12/13
presented; no action
of
n
modificatio
g
Report by Secretary recommendin
ruling re payment of extra compensation to
employees of FRBanks for 1918, in favor of
12/20
FRBmik of Philadelphia, approved
question
at;
vault
new
of
cost
entire
of
Charging off
7 /19
re, brought up and acted upon
1379
1446
1446
1316
1325
1446
1379
1345
1309
1315
1269
1231
1200-1
1364
1537
1186
1509
1537
1213
LMCIV
•
page
F. R. Bank of Philadelphia:
Curtailment of credits, making of statements,
and rate
on repurchased paper; letters from Gov. Passmo
re re, 8 / 1 1241
District Capital Issues Committee; letter
from FRAgert
Austin asking if Bank Should absorb certain
expenses
of; Vice-Gov. to reply
11/ 7 142544
District Capital Issues Committee; report
by Mr. Strauss
re absorption by FRBank of Phila. of certai
n expenses
of; acted upon
11/14 1456
Dividend at 6, for period July 1-Dec. 31,191
8, approved 12/13 1509
Dividends and disbursement of earnings; resolu
tion of
Board of Directors re payment of,
290
/
428 1131
F. R. notes; letter from Asst. FRAgent Post re need
of, 7
9
Gaunt, George W., Class "B" director; notice of death
of,
presented, and telegram expressing Board's regret
forwarded Gov. Passmore
9 /2'7 1349
Salari es
Changes in, approved
7 / 8 1190
Goodman, Joseph, salary increased from 41,400 to
$1,700 per annum
Post, A. E., salary at 5,000 per annum,
an
approved
1
) 1r9:
11C3
7)
Securities lost or unaccounted for; memo. of Sec.
re,
10/ 1 1356
Staff of,
Grossaup, Edward T., appointment as examiner
for Bank
at ‘24,500 per annum, approved.
9 /27 1350
Treasury certificates; sale of, at not less
than par;
letter from Gov. Passmore re,
7 /30 1235
F. R. Bank of Richmond:
Bonuses:
Scale of extra compensation for employees of, and of
Baltimore Branch, forwarded by Chairman of
Bank and approved.
12/13 1516
Deferred classification of employees; letter
from Gov.
Seay re affidavit as to; Gov. authorized to
' transmit affidavit
72
7
0
6
8 1
12
55
23:
Discount rates; report re, presented
Dividend at a'A, for period July 1-Dec. 31,191
8,approved
8
1
Fifteen-day member bank promissory notes
secured by Fourth
Liberty Loan bonds; rate of 4% approved
for, at
request of Bank
10/10 1374
Group insurance for employees of; letter
from FRAgent
Hardy recommending adoption of plan for;
straight group
insurance approved but not method suggested
11/27 1469
Merchison National Bank; letter from Gov. Seay re
correspondence with J. V. Grainger of,
7 /25 1225
Nine ty-da.y paper secured by Fourth Liberty Loan
bonds;
special rate of 4% approved for, at request of
Bank 10/10 1374
LXXV
Page
(continued.)
P. R. Bank of Richmond:
Quarters:
Enlargement of; letters asking for priority orders
1244
8/5
for obtaining equipment necessary for,
Salaries:
Hardy, Caldwell, FRAgent, salary fixed at 312,000
1550
12/23
for year 1919
ng,
proposi
Hardy
FRAgent
from
letter
Increases in;
1215
7 /22
and increases approved
infor
s
ndation
recomme
es;
Officers and employe
1528
creases in salaries of, for year 1919,approved12/18
Staff of,
Assistant Counsel; appointment of, authorized, at
1232
7 /29
salary not in excess of $3,000 per annura
being
of
lity
possibi
,
FRAgent
Asst.
H.,
A.
Dudley,
called in military draft; letter from FRAgent
8/8
1259
Hardy re,
letter
draft;
Eligibility of certain members of,for
from Gov. Seay re; agreed to certify that
1229
7 /27
enplo yees are necessary
33,600
at
BRAgent
Fry, J. G., appointment as Asst.
per annum, recommended. by ERAgent Hardy; ref.
1386
108
to Gov. Harding & Mr. Williams with power
at
$3,600
FaAgent
Fry, J. G., appointment as Asst.
1452
11/20
per annum, approved
P. R. Bank of St. Louis:
Branches:
Establishment of Branch at Little Rock, Ark.,approved,
provided satisfactory terns can be arranged with
1236-37
7 /30
local Clearing House Committee
cation
communi
Rock,
Little
at
Branch
of
hment
Establis
1270
8 /13
from ERAgent in re,
Establishment of Branch at Little Rock, request for,
1307
9 /4
approved, upon certain conditions
Board
from
Organization of Memphis Branch; telegram
1258
8/
authorizing announcement of, approved
re0
for,
Building site; authority to expend 0540,00
1556
12/27
quested by Chairman of Bank, approved
tter
31,
1918;le
Dec.
Charge offs, as at close of business
from Chairman transmitting recommendations re,
1553
12/23
approved
1918,
31,
Dec.
to
30
June
Dividend at 4, for period
1553
12/23
approved
s
e
receipt
warehous
of
er
surrend
re
Draft of letter to, in
& shipping documents supporting acceptances,approved11/27 1467
Fifteen-day paper; letter from Bank requesting advance
1228
7 /27
of one-half of 4 an,
LXXVI
F. R. Bank of St. Louis: (continued)
Ninety-day paper, secured by Fourth Liberty Loan bonds;
special rate of 4% on, proposed by FRAgent
Martin, approved
lo/ 8
Repurchases; rate of
named on,
7 /30
Reserves at, and need of rediscounts; memo. stating
situation re, read, together with telegrams from
FRBank on subject; agreed to arrange rediscounts
for, sufficient to restore reserve percentage
of about 50;.;
7/2
Salaries:
Changes in; recommendations re, approved
7 /18
Increases in; letter from Bank re,
7 /15
McConkey, James G.,increase in salary disapproved 12/23
McMartin, Vim. McC., salary fixed at $15,000, for
year 1919
12/23
Officers and enployees;increases in salaries for
1919, approved
12/23
Staff of,
Changes in, approved
7 /18
Dever, J. G., appointment as Examiner for Bank at
salary of $2,400 per annum, approved
10/24
Wells, Rolla, insistence by, of acceptance of
resignation as Governor
12/23
F. R. Bank of San Francisco:
Absorption by, of expenses of District Committee on
Capital
Issues of Twelfth District; letter from RAgent re,10/ 1
Adverse report by Mr. Hamlin re,
10/ 3
Acceptance of currency in payment of taxes to conserve
gold supply; opinion of Counsel of Bank in re
legislation authorizing; also opinion of Counsel
of Board; noted
8 /23
Board of Directors; effect of Board's recent reclassification of electoral groups for Class "A" and "B"
directors upon; letter from RAgent Perrin re,
10/22
Bonuses:
Rates of, to be paid employees; letter from RAgent
asking approval of; action deferred
. 11/ 9
Glass "A" director for group 3 banks; telegram from
FRAgent Perrin asking if Board would favor banker
living in or near San Francisco as,
10/29
Defalcation amounting to 0621.50; report re, and re
discharge of offender
10/15
Discount rates;
Changes in, authorized
8 /hz
Revision of; telegram from RAgent Perrin re;
certain rates suggested by Board
8 /13
Telegram approving certain, authorized for forward
ing
to FRAgent Perrin
8 /28
Telegram from Gov. Harding to FRAgont Perrin
re,
8 /27
og
1366
1236
1164
1209
1200
1553
1551
1553
1209
1400
1554
1356
1364
129g
1394
14906
1409°1°
1377
1266
1270
1296
1296
Page
(continued)
F. R. Bank of San Francisco:
Draft of letter to FRAgent Perrin, proposed by
7 /13
Mr. Warburg, approved
to
another;
Endorsement of paper sold by one FRBank
10/29
.letter from FRAgent Perrin re,
ented
11/27
21st.,pres
Examination of; report re, as of Sept.
District;
Twelfth
in
banks
Exarldnations of member and other
10/ 1
plan for, suggested by FRAgent Perrin
hundred
one
and
of
fifty
Federal Reserve notes; supply
dollar; letter from FRAgent Perrin re, with memo.
9 /12
by Mr. Burklin
and
in
Hawaii
n
circulatio
Gold; withdrawal of, from
substitution of paper; also furnishing new paper at
expense of Govt. or banks; letter from FRAgent
7 /30
Perrin re,
s
of
willingnes
Lynch
Gov.
from
notice
es;
Gold certificat
Zone
Canal
by
Panama
in
d
accurniate
those
to accept
Administration, and pay charges incident to
11/ 8
transfer; approved by Board
Gold coin in California; letter from FRAgent Perrin
7 /10
re use of,
Gold dredgers, curtailment of pager used by; letter
7 A5
from FRAgent Perrin re,
Gold in California, use of; memo, of Counsel re,
7 /18
ordered sent to Counsel of Bank
endeavor
Gold notes; recommendation by Mr. Miller that
be made to have State banks in California deliver,
8/8
in exchange for legal tender notes; approved
from
ion
Gold production in California; communicat
8 /16
FRAgent Perrin re supply of power for,
re
in
ence
;
correspond
Gold production in California
8 /20
power for, referred to Mr. Miller
of
es
certificat
Treasury
by
Ninety-day paper secured
indebtedness; telegram from Gov. Lynch requesting
10/ 1
approval of 4% rate on, temporarily; disapproved
with
s,
acceptance
trade
and
paper
commercial
on
Rate
maturity of 15 days or less; telegram from FRAgent
/23
Perrin re; ,rate approved at
Real estate; reduction in book value of, to 0200,000,
requested by FRAgent Perrin; reduction to $400,000
12/23
approved
Salaries:
Martin, George R., salary approved at $250 per
7 /26
month, effective July 1st.
adjustfor
tions
Officers and employees; recommenda
ment of salaries of, for 1919, including
branches at Portland, Seattle, Spokane and
12/16
Salt Lake City, approved
4-26
0
1196
1407
1465
1353
1326
1233
1428
1193
1222
1207
1257
1279
1281
1354
1291
1552
1226
1526
LXXVIII
F. R. Bank of San Francisco: (continued)
Salaries:
Parker, L. B., salary increased from $75 to 400
per month, effective Oct. 1st.
9 /25
Perrin, John, FRAgent, salary fixed at $18,00
0
for year 1919
12/23
Staff of,
Elliott, Edward, appointment as Asst. RAgent
at
San Francisco for remainder of calendar
year, approved
104
Kiser, (Mr.) Fay, appointrent at 3142 per month
as clerk an staff of FRAgent, approved
11/27
Sargent, S. G., examiner in employ of; discussion re
appointment as examiner for Board, between mr.
Miller and officers of Bank, reported
8/6
Sargent, S. G., examiner in employ of; approval
by Board of tendering of position of FRExaminer
to, at $5,000 per amnam
6/9
Sub-Committee on Capital Issues at San Francisco;
memo.
by Acting Secretary re expenditures for account of;
voted to suggest that Bank absorb expenses incurred
by,
8 /15
Sub-Committee an Capital Issues at San Francisco;
memo.
of expenditures by,
8 /13
Transfer drafts; authority to increase charge on
those
sold; telegram from FRAgent Perrin requesting,
a /20
F. R. Banks:
Absorption of expenses of Sub-Committees on
Capital Issues
by various; question ro, presented by Mr.
Hamlin;
wishes of Banks to be ascertained in matter
8 /16
Appointments at, in excess of 32,400 per annum;
responses
to Board's letter of Sept. 11th. requesting
reports
of, with list of same submitted by FRBank of
New
York
9 /19
Assessment levied upon, for purpose of paying expens
es
of FRBoard for period Jan. 1 to June 30, 1919
12/18
Bonuses:
Employees; report by Secretary recommending
payment
of extra compensation to, during 1918, approv
e d12/13
Extra compensation plan adopted by Board;
Gov. authorized
to telegraph Chairmen of FRBanks, except
ing
Boston, New York:and Dallas, advising of,
12/13
Chairmen; continuation of present, in office
during
1919, approved
12/11
Charges by, for services; Executive Committee author
ized
to report as to whether same can be reduced or
abated to effect saving to public
8 /27
page
1346
1551
1436
1466
1252
1263
1271
1271
1280
1280
1339
1530-0
1
15
519
3.499
1296
P. R. Banks: (continued)
Consolidated member bank statement of; mono. of
Mr. Jacobson recommending incorporation each week
10/18
of additional items in; approved
s
FRAgent
to
d
letter
propose
in;
tion
Departments of examina
12
/
23
power
with
e
Committe
Exec.
to
re, referred
of
F.
use
R.
through
ted
accumula
gold
Deposit with, of
notes by Treasury officers in making current disbursements; letter from Asst. Sec. of Treasury Leffingwell
12/18
reporting,
,
for
present
of
office
in
tion
continua
n;
Deputy Chairme
12/11
1919, approved
1918;
year
for
of,
es
employe
and
s
officer
Directors,
telegram from Gov. Harding to FRAnts expressing
12/23
appreciation of services rendered by; approved
of
close
at
Extraordinary charges against earnings of,
business Dec. 31, 1918; recomandations by Secretary
and memo, by General Counsel re treatment of, approved;
12/13
report adopted with addition thereto,
of
checks
pay
to
Gov. authorized to direct attention of,
railroad companies, stating same must be taken by
10/ 1
banks onparity with other checks
Letters from Board to, re
F. R. collection system-campaign for additional
12/23
par points; approved
",
amended
as
Act,
"Index-Digest of Federal Reserve
return of copies of second edition of,approved 8/16
Rediscount operations between FRBanks, elimination
7/23
of detail work in;approved for transmission
11/16
d
approve
banks;
member
of
ions
Rediscount transact
Repurchase agreements and rediscounts of comercial
7 /22
paper; read and authorized
of
sales
finance
to
drawn
drafts
an
stamps
Revenue
goods to Allied Purchasing Commission,approved11/22
Suggested form of letter by Secretary embodying
recommendations made at conference of transit
men and auditors for FRBanks, held in Chicago
11/30
in November; Approved
note
and
deposits
Treatment of reserves against
12/18
liabilities of FRBanks;approved as amended
s
premise
banking
in
by,
Method of reporting investments
8/6
and real estate; memo. from Mr.Jadobson re,
y
draft
militar
under
of,
Officers and employees, status
regulations; Gov. Harding authorized to consult
9 /10
with Provost Marshal General re,
y
draft
militar
under
Officers and employees; status of,
regulations; letter from Gov. to Provost Marshal
9 /12
General re, approved
1386
1549
1534-35
1499
1545
1508
1359
1549
1260
1219
1444 45
1215
1158
1472-73
1532
1250
1320
1325
LLCX
rage
F. R. Banks: (continued.)
Payment by, of expense incident to transfers of currency to
and from said. banks; synopsis of responses to Board's
letter of Oct. 2nd.. re,
10/17
Rediscount operations between; draft of letter to Banks
re elimination of detail work in;approved for transmission
7 /23
Rediscount operations between; Gov. Harding authorized.
to arrange at certain rates
11/18
Rediscount operations between; memo. re suggested
method for handling,
9 /19
Rediscount operations between; opinion of Counsel re
question of simplifying,
7 /18
Rediscounts; synopsis of responses from Banks to Board's
letter of Sept. 11, 1918, re member banks indicating,
on their rediscount application blanks,rate of interest
or discount charged by them on each note or bill
offered for rediscount with Reserve Banks; order
suspended temporarily with respect to Boston, New York
and. Philadelphia
9 /19
Requirement by, that all member banks asking for loans
or rediscounts state rate of interest or discount
member bank collected or charged customers on each
paper offered as collateral; letter from Comptroller
suggesting,
9 /10
Reserve position of; report by Gov. re present,
12/30
Salaries:
All increases in, approved upon understanding of
ratification by incoming Boards of Directors 12/16
New method. for reporting changes in salary lists;
draft of letter to Chairman of each Bank
prescribing, approved
9
Officers; general discussion re principles that
should be observed in determining compensation
to,
12/13
Telegraph operators; report of Committee re regulation
of salaries of, approved.
12/ 9
Staff of; matters affecting, ordered referred. to
Executive Committee until further action
7 /18
State banks soliciting membership; letter to FRBanks
suggesting request be made of, for no public announcements until after formal approval of applications
by Board; approved
9 it 4
Telegram to Goys. of, calling conference of Transit &
Audit Officers in Chicago about Nov. llth.,approved1D/22
Telegraph operators employed by; letter from IMAgent
Perrin inquiring re status of,
7 /13
AO
1383
1219
1441
1340
1208
1336
f
131°
1566
1521
1319
1517
1497
1201
1306
139°
1191
Page
P. R. Bamks: (continued)
Time schedule of; letter from Gov. Strong suggesting
8 /13
correction in, and study of float situation
and
y
currenc
Transfers between, and member banks, of
securities pledged for loans, postage, etc.;
synopsis of responses to Board's letter of Sept. 20,
in re FRBanks paying charges incident to;
10/ 1
payment authorized
P• R. Board:
By-laws:
Revised by-laws for; tentative draft of, prepared.
by Counsel, presented; voted question re,
12/ 2
be considered at meting of Dec. 9th.
12/ 9
Revision of,
Miller
Mr.
by
motion
of;
VII
Section 2, Article
to amend; voted Counsel prepare opinion re
9 i10
legality of annulment
d
Section 2, Article VII of; notice of propose
amendment to, with respect to quorum, and
adverse opinion by Counsel re; voted Counsel
secure review of opinion by Attorney General 9 /17
Conference of, with Govs., an July 2nd., reported by
7 /18
Mr. Delano and ordered filed
Expenses:
Report by Secretary re estimated expenses far period
Jan. 1 to June 30, 1919; assessment levied
12/18
upon Monks for purpose of meeting,
tion
designa
of
Harding
G.
P.
Governor; announcement by W.
as, for period of year, or until otherwise ordered
8 /15
by the President
term
of
on
expirati
of
Harding
Mr.
by
nt
Governor; stateme
as, but of continuation in office until appointment
8/9
of successor
in
F.
R.
printed
ordered
of,
names
ns;
Beads of Divisio
9 /4
Bulletin
of,
s
Meeting
Changes in days for, suggested by Gov. Harding;
11/12
tabled for decision at next meeting
Friday
Scheduled for each Monday, Wednesday and
11/14
at 11 A. M.
ported
lst.,re
July
Minutes of meetings of, with Goys. an
back to Board by Mr. Delano;ordered passed to file.? /16
Pay-roll; Gov. authorized to make such additions to,as
required by recent legislation of Congress;
7 /30
effective July 1st.
all
re;
voted
Chapman
T.
M.
of
of;
mere.
Publicity plan
statements for press be approved by Gov. before being
8 /13
released for publication
1269
1355
1175
1188-1495
1317
1328
1206
1530-31
1275
1265
1306
1433
1437
1203
1233-34
1271
LXXX1I
F. R. Board: (continued)
Regulations of; question of reissuing, discussed, and
Secretary directed to order additional supply of
present edition
7 /10
Resolution of, expressing appreciation of servic
es
renderedAq Ur. McAdoo as Secretary of the
Treasury; unanimously adopted
Resolution of, expressing sentiment of Board. upon retire
ment of Mr. 7arburg from membership thereon,adopted,
and engrossed copy ordered presented to Mr.Warburg 8
/9
Rulings of, in re drafts drawn for purpose of financing
sales to Allied Purchasing Commission; letter from
Agent Hardy of Richmond re,
8/8
-Salaries:
Changes in, under recent legislation of Congress,
approved
7 /30
Subscriptions to daily and periodical publications;
report by Mr. Miller re,
10/31
F. R. Bulletin:
Article for insertion in Nov. Bulletin in re examination
of State bank members, approved
10/26
Changes in form of; letter from Mr. Hamlin suggesting
certain; approved
12/16
Form of meal ticket for drafted men, and ruling of Board
in connection therewith, ordered printed in
October Bulletin
9/6
Issuing of press statement at beginning of each
month,
outlining matters of interest to be discussed in
Bulletin issued during month, approved
10/ 1
Mr. Miller authorized to visit New York for purpose of
conferring with Chief of Div. of Analysis ani
Research in re,
11/19
Names of heads of several Divisions of F. R. Board
ordered printed in,
9 4
Old Capital Issues Committee, report of, covering entire
work; authority given to publish in Bulletin
7 /18
Printing of, in New Yor, rather than at Govt. Printgk
Office; letter from Dr. H. Parker Willis in re
suggestion for;
11/14
Publication in, of Board's letter of Sept. 19, 1917,
to
Mr. Rovensky, re custody of documents supporting
bills accepted, authorized
9 /17
questions involving rulings for publication in, voted
be referred first to Lau Committee for approv
al
12/23
Status of officers and employees of RBanks under militar
y
draft regulations; correspondence re, between
Gov.
and Provost Marshal General ordered published in
Bulletin
9 /12
Page
1194
12601
1259
1231
141
'
5 16
1403
1522
1313
1355
144/
1306
1210
1431
1330
150
1325
Page
F. R. Bulletin: (continued)
Suggestion by Mr. Hamlin for revision of plan of
publishing rulings of Board and opinion of
12/30
Counsel in, discussed,and new plan formulated
F. R. Club of Now York:
Appropriation of 010,000 by FRBank of New York for
support of, far benefit of employees; report by
12/23
Mr. Strauss recommending, approved
F. R. Currency:
Printing of, and F. R. notes; letter from Director
Wilmeth of Bureau of Engraving & Printing re
estimate of number of sheets required during fiscal
year 1920 for; with memo. by Asst. Sec.Adelson ro, 8 / 6
F. R. Elechange Drafts:
8/1
Conditions governing rise of; question re, tabled
of
Chairman
by
Board
with
filed.
re,
Recommendations
conference held in Board Room on Aug. 7th., at
which represaatatives of several FRBanks were
8/8
present
F. R. Note Inquiry:
Plan of investigation of; letter from Dr. Willis
10/26
statinc, approved
F. R. Notes:
Advance of funds necessary to pay postage covering
shipments to Banks; letter from W. D. Vandiver,
Asst. Treasurer of U. S. at St. Louis, re;
8/8
acted upon
Designs for notes of 0500, 01,000,5,000 and 010,000
denominations submitted. by Comptroller of
10/ 8
Currency; first two approved
certain;
re
Lost halves of; memo. report from Committee
7 /16
referred back for farther investigation
to
York
New
of
Lost upper halves of, shipped by RBank
Treasury Dept.; memo. of Counsel re, presented,
11/14
and copy ardered forwarded to Bank
RAgent
Asst.
from
letter
Need of, in Philadelphia;
7 /29
Post re,
Plan for the issuing of, to FRBank of New York; letter
8 /20
from FRAgent Jay re,
Printing of, and of F. R. Bank notes; letter from Asst.
7 /16
Sec. of Treasury Moyle re,
Printing of, and of F. R. currency; letter from Director
Wilmeth of Bureau of Engraving & Printing re estimate
of number of daeets required during fiscal year 1920
8/6
for; also memo. by Asst. Sec. Adelson re,
Revised plates for notes of 0500 and 010,000 denomination,
10/15
submitted and approved
1561
1547-48
1250
1242
1255
1401
1256
1367
1205
1437-38
1231
1281
1203
1250
1375
Page
F. R. Notes: (continued)
Savarnflb Agency of F. R. Bank of Atlanta; restrictions
for handling F. R. notes at; Counsel instructed
to prepare memo. outlining,
11/18
Statement by Gov. that Director Wilmeth of Bureau of
Engraving & Printing had reported good progress
in connection with,
7 /30
Status of, as reserve under California Bank Act as
amended in 1917; letter of Counsel re,
11/27
Supply of fifty and one-hundred dollar notes; letter
from RAgent Perrin of San Franciime and memo. of
Ur. Burklin ro,
9 /12
Fiduciary Powers:
Applications for, (See also Auxiliary Minute Book)
Applications for permission to exercise, presented,
with memo. by Counsel suggesting deferring of
action on, temporarily, awaiting new forms to
comply with F. R. Act as amended;action
deferred.
10/ a
Citizens National Bank of Tipton, Ind.; memo. by
Counsel in re exercise of trust powers by, criticized
by office of the Comptroller
12/13
Corporations competing with national banks in New York,
New Jersey and Conn.; opinion of Messrs. White &
Case In re fiduciary powers exercised by,
1/27
1
EVerson & Buckingham Bank & Trust Co. of Longmont, Cob.;
memo. of Counsel in re application of, in process of
Conversion, for permission to exercise trust pours
under authority of Section 11-K of F. R. Act
8 /13
Emerson & Buckingham Bank & Trust Co., Longmont, Colo.;
recommendation of Comnittee for exercise of trust
powers by, after conversion into national bank;
voted to approve when submitted throudi regular
channel
9 /4
Rxercise of, by national banks:
Memo. of Counsel requesting authority to submit to
Counsel for various F. R. Banks tentative
draft of Regulation F, Series of 1919 in re,
approved
11/20
Proposed circular letter, prepared by Counsel to
Agents, in re revision of Regulation F.,
Series of 1917, approved
11/22
F. R. Bank of Now York; holding of certain U. S.
certificates by, as trustee, for account of Spanish
banks, pursuant to arrangement between Treasury
Dept. and Spanish Govt., approved
11/ 8
First National Bank of Duluth, Minn.; proposed letter
to, stating advance consideration would be given
its application for fiduciary powers; approved
10/26
1443
1236
1469
'
1°
1326
1369
1509°1°
1469
1275
1306
1450
1456
1428
1404
L;CITS
Page
(continued)
Fiduciary Powers:
of Jefferson City, Mo.; application
Bank
l
Nationa
First
of, for powers re particular trust; referred to
10/31
Counsel for opinion
ied;appl
submitt
above,
Opinion of Counsel re
11/ 7
action disapproved
ion
to
permiss
granted
First National Bank of New York
7/8
act as Registrar
for;
tion
applica
Idaho,
Halley National Bank, Halley,
letter from FRAgent Perrin asking advance considera11/ 7
tion of; such consideration disapproved.
re
Hamlin
Er.
from
letter
National banks in New York;
granting of registrar powers to; also letter from
J. P. Cotton re; voted Board approve all pending
/2
and declined applications for such powers in N.Y. 7
ati:
of
Cincinn
Fifth-Third National Bank
Copy of letter from, forwarded by Gov. Faucher of
i 2 bills,
Cleveland, re seasonable demand for 01 and ,)
smn31
of
notes
FRBank
of
issue
for
ty
necessi
and
denominations to replace silver certificates being
8/9
withdrawn
Financial Statements by Borrowers:
a /13
Letter from FRAgent Curtiss of Boston re,
Financing of Automobile Paper:
Plan re, for "Fiat" Co.; letter from MBank of New York
7 /27
re,
Financing of Cannery Business:
Methods for, considered, in connection with letter from
J. H. Covington re; agreed to formulate general
7/2
letter an subject fortranmnission to FRBanks
Financing of Tractors:
a /5
Fordson Tractor's Association, letter from, re
ion:
ing
Commiss
Purchas
Financing Sales to Allied
Rulings of Board in re drafts drawn for purpose of;
8/a
letter from RAgent Hardy of Richmond re,
First & Security National Bank, Minneapolis, Minn.
Letters from,
Requesting permission to accept up to loo71% and
9 /10
draft of reply by Secretary, approved
nce
ing
accepta
Suggesting amendment to FRAct permitt
9 /17
7 based on domestic transactions
up to 140
First National Bank in Brooklyn, New York:
Petition submitted by, signed by several banks, requesting
permission to maintain reserves under Section 19 of
FRAct as amended, as specified under paragraph B
10/ 8
(for reserve cities)
First National Bank of Boston:
Branch at Buenos Ayres; draft status of employees of;
7 /19
letter from D. G. Wing re,
1416
1424
1191
1424
1183
1262
1271
1229
1185
1243
1259
1317-18
1333
1370
1212
LXZXVI
First National Bank of Boston: (continued)
Letter from, transmitting communication from Crimmins &
Peirce protesting their exclusion from group formed.
by Quartermaster General's Dept. for purchase of
wool in Argentine; re-opening of question approved 8 / 6
First National Bank of Douglas, Arizona:
Issuance of drafts on Hong Kong, China in Naeozaro, Son.,
Mexico, for account of; letter from bank and, opinion
of Counsel re,
6 /16
First National Bank of Duluth, LTinne
Proposed letter to, stating advance consideration would
be given its application for fiduciary povnrs;
approved.
10/26
First National Bank of Jefferson City, Mo.
Application of, for exercise of fiduciary pavers;
referred to Counsel for opinion
10/31
First National Bank of Leavenworth, Kansas:
Reduct ion in capital of; recommendation of Comptroller
requesting authorization of, approved
7 /18
First National Bank of New Yorks
Permission to act as registrar, granted
7/8
First National Bank of Portland, Oregon:
Purchase of stook by, in Asia Banking Corporation,
approved
9/6
First National Bank of Roanoke, Va.
Exchange charge of 1/10 of 1% on checks drawn on; correspondence from Mr. Glass and Deputy Chairman. Peabody
of New York re,
10 /8
First National Corporation, Boston, Mass.
Application of, to extend its acceptances and deposits to
amount equal to twelve times capital and surplus
Referred to Mr. Strauss for report
12/ 6
Report by Mr. Strauss re, approved
12/ 9
Examination of; agreement by Comptroller of Currency
to have national bank elmminers make, when
necessary
11/22
RxAmination of; memo. of Secretary Broderick re,
11/22
First State Bank of Abilene, Texas:
Application of, for admission to RRSystem, with correspondence from FRAgent Ramsey re; ordered conditions
heretofore imposed not be waived
a /20
Fiscal Agents:
F. R. Banks as; statement by Gov. Harding re request made
as Managing:Director of War Finnnee Corporation in re,
in connection with advances made to banks to meet
agricultural and stock raising requirements; also
letter from Gay, Seay re,
8/8
Page
1248
1278
1404
1416
3.207
1191
1311
1368
1486
1496
1454
'
66
1454
1264
1.259
LXXXVII
Page
Fletcher, H. P., Ambassador to Mexico:
Communication from, in re decree of Mexican Govt. in
8/6
re silver exports
Float Situation:
Recommendation that 1RBoard have a more detailed, analysis
made of, in each FRBank for such period as it may
deem advisable; filed with Board by Chairman of
conference of representatives of several 141Banks held
a /8
in Board Room on August 7th.
suggesting,
York
New
of
Strong
Gov.
from
Study of; letter
also in re correction of time schedule of FRBanks 8 /13
Food. Administration Grain Corporation:
See U. S. Food. Administration Grain Corporation
Fordson Tractor's Association; letter from, re finarcing
8/5
of tractors
Institutions:
Banking
International
&
Foreign
Memo. of Mr. Broderick submitting form of letter calling
12/30
for reports of .condition of certain; approved
• Foreign Banking Corporations:
Federal incorporation of banks engaged principally in
business of international and. foreign banking; memo.
of Counsel submitting tentative draft of bill
9 /19
providing for,
in
H,1
modification
suggesting
Letter from Mr.
lo/ 1
of above bill
Foreign Brambes: See Branch Banks, Foreign
See Division of Foreign Exchange
Foreign Porrthange Division:
Foreign Exchange Transactions:
Musher & Co.; letter from Director of Division of Foreign
8 /6
Exchange re,
Advisory
Federal
Council:
Forgan, James B.,Chairman,
Request from, that Board suggest topics for discussion
at statutory meeting of Council in Washington on
Sept. 16th. and 17th.; Gov. authorized to
8 /27
forward topics
Form 34:
Revision of; memo. of Mr. Jacobson recommending;
11/30
approved far year 1919
Franklin, H. H., letter from, re curtailment of unessential
8/1
credits
Fulton, J. H., of National City Bank of New York:
Letter from, re
Reserves to be maintained by foreign branches of
. national banks, together with opinion of
Counsel re; voted Mr. Fulton be invited. to
10/15
appear before Board.
General Counsel:
See Counsel:
1249
1255-56
1269 •
1243
1562
1340
1357
1250
1296
1472
1240
1376
LXXXVIII
Page
Gibson County Bank; letter from, re non-member bank borrowing
from FRBank upon security of Treasury certificates of
indebtedness
8 /13
Gidney, R. M., Asst. FRAgent at New Yorks
Letter from, enclosing opinion of Messrs. White & Case
in re fiduciary powers exercised by corporations
competing with national banks in New York, New Jersey
and Conn.
11/27
Gidoni, Domenico, Delegate of Institute Nazionales
Rental of space by, in office of Mr. Kent at 15 Wall St.,
New York City, approved upon recommendation of Asst.
Secretary Adelson
10/22
Gold:
Conservation of gold supply; acceptance of currency in
payment of taxes for; opinion of Counsel of San
.
Francisco Bank in re legislation authorizing; with
opinion of Counsel of Board; noted
8 /23
Deposit of, in FRBanks; letter from Asst. Secretary
Leffingwell reporting, of gold accumulated through
use of F. R. notes by Treasury officers in making
current disburserenta; noted
12/18
Export:
Discontinmrle of granting of licenses for, to pay
Mexican duties on miscellaneous exports;
statement by Mr. Warburg of agreement reached
with War Trade & War Industries Boards re,
8/6
Gold coin, discouragement of use of, for Christmas
presents; letter from Gov. Morss of Boston and
reply of Gov. Harding re, presented; voted letter
be sent FRAgents discouraging use of gold as
circulating medium
11/25
Gold coin in California; letter from FRAgent Perrin
re use of,
7 /10
Gold in California, use of; •memo. of Counsel re, ordered
sent to Counsel of FRBank of San Francisco
7 /18
Gold production in California; communication from FRAgent
Perrin re supply of power for,
8 /16
Gold production in California; correspondence in re
power for,
a /20
Industrial use of; inquiry by Mr. Warburg re policy
of Board as to,
7 /23
National banks; call for report of gold holdings of,in
next report of condition; letter from Deputy Gov.
Treman of New York is,
10/22
Payment of, to customers needing same for legal tender
purposes; letter from Gov. Miller re,
7 /23
Plan for securing cooperation of Safe Deposit Companies
in discouraging use of their facilities for hoarding
of, with limitation of gold in arts, and adoption of
means to draw such gold into RBanks; statement
by Mr. Warburg re,
8/8
1269
1469
1395
1.292
153
0
1246
1481
13.93
120/
12/9
1281
1219
1395
1215
Page
Gold: (continued)
Withdrawal from circulation in Hawaii and substitution
of paper, also furnishing new paper at expense of
7 /30
Govt. or banks; letter from FRAgent Perrin re,
Withdrawal of, for industrial use; letter from
7 /23
MBank of New York re,
Gold Certificates:
Absorption of charges on, to be transferred from Canal
Zone to U. S.; letter from Auditor of Panama Canal
11/ 7
to Asst. Auditor re, submitted and acted upon
tion;
Accumulated in Panama by Canal Zone Administra
report,re willingness of FRBank of San Francisco to
take over and pay charges incident to transfer,
11/ 8
approved
submitted;
from
letter
Gold dredgers; curtailment of power used by;
7 /25
FRAgent Perrin re,
7,
1917):
"Gold Embargo" (Executive Order of Sept.
Suggestion by Mr. Miller for lifting of, at South& Central
American points; voted Mr. Miller be requested to
11/18
submit memo, with reasons far motion
Gold Policy Inquiry:
Plan of investigation of; letter from Dr. Willis
10/26
stating; approved
in
:
California
Gold Production
a /20
Correspondence in re power for, presented
Government Drafts:
Method. used, by FRBanks in transmitting to Treasury Dept.
drafts paid by them as fiscal agents of Govt.;
statement by Gov. Harding re, and re loss of number
11/27
sent by FRBank of New York
Governor, F. R. Board:
Harding, W. P. Cr., announcement by, of designation as Gov.
for period of year, or until otherwise ordered by
8 /15
the President
Governors, F. R. Banks:
Salaries:
12/13
General discussion re; action deferred
Grainger, J. V., of Murchison National Bank:
Letter from Counsel to, containing opinion re endorsed
7 /18
trade acceptances; approved in substance
7 /25
with,
ence
correspond
re
Seay
Letter from Gov.
York:
New
of
Guaranty Trust Co.
Acceptance by, of drafts of Anglo South American Bank,Ltd.,
Buenos Ayres, for purpose of furnishing dollar
8 /6
exchange; approved
10/26
Ex amination of; memo. of Secretary in re,acted upon
Letter from, re
Custodian of goods stored in warehouse of borrower
against which drafts to be drawn under Section 13
8 /13
of FRAct; also memo. of Counsel re,
1233
1218
1424-25
1428
1222
1444
1401
1281
1464-65
1275
1507
1208
1225
1248
1403
1270
XC
page
Guaranty Trust Co. of New York: (continued)
Participation of F. R. e../- zzainers in next eYnmination of,
by New York 3tate Banking Dept.; suggestion by
hr. Miller re,
10/ 8
Participation of F. R. examiners with State examiners, in
next examination of; memo. of Secretary in re
recommendation on Oct. 8th. for; referred to Secretary
for further report
10/18
Hamlin, C. S., Member of P. R. Board:
Authorized to visit Hartford, Conn. an Aug. 30th. at
expense of Board for purpose of consulting with
trust commanies
8 /22
Letters of, re
Federal incorporation of banks to engage principally
in international and foreign banking,suggesting
modification of bill by Counsel re,
lo/ 1
F. R. Bulletin, suggesting certain changes in form
of; approved
12/16
Granting of registrar powers to national banks in
New York; voted Board approve all pending and
declined applications for such powers
7/2
Reserve position of FRBanks; ordered circulated
10/ 1
Memorandums of, re
Form of trade acceptance submitted by Corn Exchange
National Bank of Chicago; approved
7 /27
Union Trust Co. of Providence, R. I., application
of, for membership
9 /4
Report by, suggesting revision of plan of publishing
rulings of Board and opinions of Counsel in Bulletin,
discussed, and new plan formulated
12/30
Harding, W. P. G., Gov., F. R. Board:
Announcement by, of designation as Governor of FRBoard
for period of year, or until otherwise ordered
by tie President
a /15
Authorization of, to visit Pittsburgh at expense
of Board
7 /19
Draft of letter by, to FRBaaks, in re rediscount trans. actions of their member banks
11/18
Informal report of, re conferences with sundry cotton
interests
7 /18
Letter from,.Dec. 4th., to Gov. Van Zandt, re eligibility
of note, the proceeds of which have been used for
commercial, industrial and agricultural purposes
12/13
Memorandums of, in re
Authority to purchnse Treasury certificates for deposit
as security for FRBank notes; approved
a Ao
Membership of Mutual Savings Banks in FRSystem
11/27
1367
1386
1289
1357
1520
1183
1357
1229
1308
1561
1275
1215
14440
1209
1510
1282
1470°
XCI
Page
Harding, W. P. G., Gov., F. R. Board: (continued)
Statement by, re request made as Managing Director of
War Finance Corporation that FRBanks act as Fiscal
Agent in connection with advanaes made to banks to
meet agricultural and stock raising requirements;
8/8
also letter from Gov. Seay re,
Statement by, that term as Gov. of Board expires, of
date, but will continue to act in such capacity
8/9
until appointment of successor
Telegram submitted by, approving letter to be sent out
by FRBank of Cleveland re increased demand far loans
12/23
for carrying investments; approved
Agents, expressing appreciation
Telegram submitted by, to
of services rendered by directors, officers and employees
12/23
of PRBanks, for year 1918; approved
Harrison, George L., Assistant Counsel:
Request from, for leave of absence for one year, without
7/2
pay, beginning Aug. 1st.; granted
on
place
again
to
voted
Return from France reported;
12/31
pay roll at 06,000 per =awn
letter
Atlanta;
of
Bank
R.
Hartford, W. H., Director of F.
7 /15
from, re branch bank at Nashville
Hawaii:
Withdrawal of gold from circulation in, and substitution
of paper; also furnishing new paper at expense of
7 /30
Govt. or banks; letter from RAgent Perrin re,
Tenn.
Memphis,
of
Co.
Drug
is
Hessig-Ell
Suggestion from R. R. Ellis of, that Liberty bonds be
classified as "quick assets"in analyses of financial
10/ 8
statements; tabled for Oct. 11th
reply
Matter taken up and referred to Counsel for
10/10
after conference with Governor
Hicks, Phelps, Dickson & Bobbitt of San Antonio, Texas:
Letter from, re Title 7 of Espionage Act, and memo. of
8 /2.0
Counsel re,
Historical Branch, War Department:
Designation of Dr. H. Parker Willis to cooperate with, in
studying history of participation of U. S. in present
8/9
war, approved
R.
Board:
F.
Holidays of
Employees granted half holiday an Dec. 24th. and Dec. 31st.,
12//3
1918
laimed
12th.,proc
Offices of Board ordered closed on October
10/ 8
by President Wilson as Liberty Day
Homeway Process Fruit Co.
Warehouse receipts issued by;
7 /25
Letter from FRAgent Austin re,
7 /26
Memo. of Counsel re, approved
1259
1265
1545
1545
1184
1568-69
1201
1233
1370
1372
1283
1262
1510-11
1368
1223
1226
XCII
"Index-Digest of Federal Reserve Act, as Amende
d":
Net profit from publication and distribution of second
edition of; report re, submitted by 0. E. FOulk
10/18
Return of copies of second edition of; draft
of letter
to all FRBanks re, approved
8 /16
Indiana Bankers, Assoaiatiun:
Invitation from, for member of Board to attend
rooting
of, on Sept. 18th
authorized
8/6
Industries:
Curtailment of; letter from Priorities Commissioner
re,8 /20
Interest:
Payment of, on reserve balances, by FRBank to
member
banks; letter from Senator E. S. Johnston with
further reference to communication from President
Uillett of Stockgrowers' Bark, Ft. Pierre, S. D. 8 /13
Sliding scale of, on deposits with banks; report by
Gov. Harding re strong growth of opinion in
Pittsburgh in favor of,
7 /19
Interest Rates:
Draft of letter to ERAgants inquiring about statistics
as to rates of interest and discount; approved for
transmission
7 /13
Effect of change in, on transfer drafts; letter from
Deputy Gov. of FRBank of Chicago ro,
8/9
McCord, Jos. A., Gov., FRBank of Atlanta; letter re,
' 7 /15
Propaganda instituted by Journal of American Banker
s'
Association in favor of raising; letter from
President Wilson to Gov. Harding calling
attention to,
and stating, in his opinion, this is very
tire to
resist such tendencies; noted
9 /10
Reserve city institutions; synopsis of answer
s to
telegram of Sept. 26th. asking rates paid by,
upon
current individual deposit and bank balances,and
upon time deposits payable after thirty days
9 /27
Trade acceptances, preferential rate for; letter from
National Association of Credit Men re,
10/15
Wills, D. C., FRAcent Cleveland; letter from, re
7 /15
Interlocking Directorates:
Babst, Earl D., application of, approved
9/6
Baker, George W., Brooklyn, N. Y., application
approved 12/20
Barber, Edward J., application of, approved
12/20
Douglas, F. U., application of, approved
8
/23
Drake, Luther, application of, approved
12/27
Garver, John A., application of, approved
12/18
Hampton, E. L., application of, approved
9 /17
Hanna, George, application of, approved
10/24
Hellings, J. U., application of, approved
104
Eischel, E. C., application of, approved
12/30
page
1386
1280
1241
1283
1269
1212
1196
1261-6$
1201
1320
1346
1376
1201
1313
1539
1539
1293
1568
1533
1334
1399
1436
1563
I
ZOIII
Page
Interlockin3. Directorates: (continued)
12/ 4
Maloney, Levi L, application of, approved
Hamlin
Mr.
of
National Shawmut Bank of Boston; memo.
in re director of, serving simultaneously as
director of First National Bank of New York,
8 /16
presented to Executive Committee
8 /20
Approved by Board
10/24
of,
approved
application
Pfaffinger, Frank X.,
/15
8
approved
of,
application
Poll, Sylvester Z.,
director
as
act
to
of,
application
14,
Prendergast, JallBS
8/9
of two banks in Boston, granted
reBoston
at
RAgent
from
letter
James;
Prendergast,
questing re-opening of case of, to act as director
of two, instead of three, institutions, as at first
a/a
applied for
12/ 6
Preston, Honor M., application of, approved
10/10
Raskob, J, J., application of, approved
10/22
Robinson, Lucius W., application of, approved
9 /25
Stackpole, Ezra S., application of, approved
Twitchell, H. K., application of, referred to Mr. Hamlin
12/20
for report
of,
West, George F., Portland, Maine, application
8/8
approved
12/13
White, John E., application of, approved
Schools,
man
International Accountants' Society, Div. Tanner-Gil
Inc., Chicago; letter from, requesting permission to
reproduce Board's pamphlet on "Uniform Accounting";
a fto
no objection
Banking:
International & Foreign
Federal incorporation of banks to engage principally in
business of; memo. of Counsel submitting tentative
9 /19
draft of bill providing for,
Letter from Mr. Hamlin suggesting modification
lo,/ 1
of above bill
International & Foreign Banking Institutions:
Form of letter calling for reports of condition of certain;
12/30
memo. of Mr. Broderick submitting, approved
International Banking Corporation:
Branches:
Harbin, China; notification re expected opening
12/ 9
of branch at,
proposed
establishment
re
notification
Lyons, France;
12/20
of branch at,
re
expected
notification
Domingo;
Santo
Sanchez,
12/ 9
opening of branch at,
Eimmination of; agreement by Er. Williams to have
11/22
national examiners make, when necessary
11/22
Examination of; memo. of Sec. Broderick re,appravcitd
1482
1280
1281-82
1399
1277
1264-65
1260
1485
1373
1394
1347
1539
1260
1511
1283-84
1340
1357
1562
1195
1537
1495
1454-55
1454
XCIV
International Banking Corporation: (cont
inued) '
National City Bank of New York grant
ed permission to
invest not exceeding lce, of paid in capit
al
stock and surplus in stock of,
9 /17
Proposed application of National City Bank
for permission
to purchase entire capital stock of, with
copy of
suggested agreemsnt to be filed by said Corpo
ration
with Board.; letter from J. H. Fulton of Nat.
City
Bank re,
8 /15
Statement requested of Board by, as to requiremen
ts
necessary to render stock eligible for purchase
by
national banks under provision of Section 25 of
F. R. Act; reply approved
8 /20
Letter accepting requirements, noted
9 /17
International Products Co. of New York:
Right of member banks to azcept drafts drawn by,
under
credit to be opened by Wm. Schell & Co. of
New York City;
Letter from FRAgeat Jay and opinion of
Counsel re,
9 /17
Opinion of Counsel approved
9 /19
Revised statement submitted and referred to
Counsel
10/ 3
Letter from Gov. Harding to MBank of New
York
re, approved
10/10
Opinion of Counsel re, approved
10/17
Letter from Counsel re criticism of opini
on
rendered in re,
10/26
Report by Gov. Harding of removal of legal
objections to approval by Board of credi
t
desired by,
11/18
Counsel instructed to prepare letter appro
ving
credit, and outlining conditions under which
same shall be consummated
11/18
Irving National Bank of New York:
Permission to accept 90 day drafts drawn upon
it by its
correspondents in Havana, Cuba, for creation of
dollar
exchange, requested and approved
10/ 3
Italian Exchange:
See Bxahange: Italian
Jacksonville Clearing House Associatio
n:
Request from, that Jacksonville, Florida,
be named as
reserve city; approved, effective Aug.
1st.
7 /15
Jacobson, M. L., Chief, Div, of Reports &
Statistics:
Authorized to visit New York in connection with
work of
Divs.of Reports & Statistics and Analysis.and
Research
11/19
Authorized to visit Richmond, Va. on Dec. 27th.
and 28th.,
at expense of Board
12/23
133201'1
127516
1281
1332
1339
1331
1364
1372
1382
1402
1442
1442
1364
1201
1447
1552
Page
Jacobson, E. L., Chief of Div. of Reports & Statistics: (continued)
Llemorandums of, re
Consolidated member bank statement of FRBanks,
recommending incorporation of additional
10/18
items each 'week in; approved
Building,
in
Southern
904
and
901
Leasing of rooms
9/3
Washington, D. C., approved
for,
call
suggesting
reports,
condition
Member bank
be made in Oct. or Nov., concurrent with call
10/15
by Comptroller of Currency
in
banking
RBanks
by
investments
reporting
of
'lathed
a /6
premises and real estate
Reserve holdings; recommending report as part of,
of all money, etc., in transit between FRBanks,
or from FRBanks to Treasury, or elsewhere;
11/22
approved
Revision of daily statement and balance sheet,
11/30
recommending; approved for 1919
Subletting of room 902 in Southern Bldg. to National
War Labor Board, approved, subject to review
10/29
by Counsel
of
sion
sub-divi
Weekly statement of F. R. Board;
9 /19
item "Bills Discounted"
9/3
to,
Supervisory authority over Library given
Jay, Pierre, F. R. Agent, New York:
Permission granted, to spend. whatever time is necessary
in Washington for work in connection with War
9 /10
Savings campaign
Johnston, (Senator) E. S.
Letter from, enclosing one from President Elliott of
Stockgrawers Bank, Ft. Pierre, S. D., re Treasury
certificates purchased by banks in agricultural and
stock raising sections, also in re discount rates
a /9
of F. R. Banks
Letter from, with further reference to communication
from Er. Elliott, in re payment by FRBank to
8 /13
member banks of interest on reserve balances
Journal of American Bankers' Association:
'Propaganda instituted by, in favor of raising interest
rates; letter from President Wilson to Governor
Harding re, and stating that, in his opinion,
9 /10
this is the very time to resist such tendencies
Kingsley, Darwin P., letter from, forwarded by Comptroller,
re site for FRBank of Kansas City; draft of reply
7
approved for transmission
Land Speculation:
As unessential industry; suggested reply to Dysart
7 /22
Savings Bank re,
AO
1386
1305
1377
1250
1457
1472
1410
1339
1305
1316
1261
1269
1320
1192-93
1216
Leased Wire System:
Change in time of using leased wires; memoo ‘of
Chief Clerk of Board recommending, as per
suggestion
from F. R. Bank of Chicago;-approved
7 /30
Direct wire between Chicago and New York,
installation of:
Letter from Gov. McDougal recommending, and reply
of Gov. Harding thereto,
9/3
Report by Gov. Harding re; 1.1r. Miller authorized
to obtain data as to necessity for, and
submit to Board
9 /10
Report by Mr. Miller recommending, with drop line
at Washington; approved upon condition that
Treasury Dept. pay hail' cost
9 /12
Memo. from Director of War Loan Organization to
Asst. Secretary Leffinvoll re assuming of half
cost of, by Treasury Dept.; approved
9 /17
Extensions and. additions to; recomLiendations re,
11/22
Leased wire betmen Chicago, Cleveland and Washi
ngton;
letter from Deputy Guv. Ualiay of Chicago re;
installation of service approved.
a /5
Memo. from MBank of Chicago showing expense of priva
te
wire service
8/1
Messengers:
Appointment of messenger at telegraph office in
Washington at 440 per month, to be paid by
FRBank of Chicago; approved
8 /16
Ott, T. V., appointment as messenger at Washi
ngtpn
office at 440 per month, approved
8 /27
Telegraph Operators of;
See Telegraph Operators, Leased Wire
System:
Use of private wires of F. R. System; lette
r from Gov.
McCord of Atlanta re,
7 /27
Leased Wire Service of F. R. System:
See Leased Wire System:
Leffinowell, R. C., Asst. Secretary of the Treas
ury:
Letters from, re
Form of certificates of indebtedness to be
used by
Treasury Dept.
7/8
Gold; reporting deposit with Monks of
that
accumulated through use of F. T. notes by
Treasury officers in making current disbu
rse—
ments
12/18
Liberty Bonds:
Classification as "quick assets" in analy
ses of financial
statements; letter from R. R. Ellis of Hessi
gh-Ellis
Drug Co. of Memphis, Tenn. suggesting,
lo/ 8
Matter taken up and referred to Counsel for
reply after conference with Governor
10/10
Page
1237-9
1304
1319
1326
1328
1457
1243
3.239
1279
1297
1228
1190
153'
4ib
1370
1372
I
XCVII
Page
Liberty Bonds: (continued)
Lost and stolen; letter from Anerican Bankers' Association
requesting publication in Bulletin of list of, and
forwarding of such Bulletin to all Postmasters and
12/ 6
banks in the United States; declined
Protection of holders of, against fraudulent advertisements; letter from Whitaker 8: Co. of St. Louis
10/31
suggesting oampaign by member banks for,
Liberty Day:
October twelfth proclaimed, as, by President Wilson;
lo/ 8
voted Board's offices be closed fcr day
:•
San
Francisco
of
Organization
Liberty Loan
Circular issuea by, re subscriptions by banks,presented 7 /23
Library, F. R. Board:
9/3
Supervisory authority over, given to Statistician
Little Rock Clearing House Association:
Correspondence between, and Gov. Harding, re establish8 /20
ment of Branch at Little Rock, Ark.
if
Rock,
Resolution by, authorizing Branch at Little
established., to take over management of Clearing
House and examine local banks; telegram from
9 /4
Wright & Hemingway re, presented
Loans:
Bank loans for capital purposes; mono. of Counsel re
right of Capital Issues Committee under War Finance
9 /25
Act to take jurisdiction of,
g
Manufacturin
Watson
from
letter
Calling of, by bankers;
moratorium
proposing:
Co. of Jamestown, N. Y.
9 /25
prohibiting,
Gibson County Bank; letter from, re non-member bank
borrowing from F. R. Bank upon security of Treasury
8 43
certificates of indebtedness
by
York
New
of
RBank
of
clerks
to
made
of,
Renewal
State banks which become members; letter from
7 /18
Asst. Secretary of Bank re,
Unessential industries; letter from Dysart Savings
7 /18
Bank (Iowa) re loans for,
Lost Coupons:
Refunding of value of, to Treasury; letter from
7 /25
Agent Wills re,
McAdoo, Hon. TU. G., Secretary of the Treasury:
Letter from, re stabilization of rates of exchange
11/20
between U. 3. and Peru.
essing
FRBoard,expr
with
Remarks by, at farewell meeting
12/13
appreciation of work done by Board
services
of
appreciation
Resolution of Board. expressing
12/ 5
rendered. by, as Secretary of Treasury
1485
1415
1368
1219
1305
1281
1307
1344
1344
1269
1207
1207
1223
1450
1517
1483 1/2
McDougal, James B., Gov., RBank of Chicago:
Request from, that Board address letter of appreciation
to Committee on State Bank Membership of American
Bankers" Association
9 /17
Vail Transfer Rate:
Letter from Cashier of MBank of Cleveland re,
9 /17
Veal Tickets of Drafted Men:
Letter from Acting Nartermaster General of
U. S. Army
re, acted upon
9/6
Form of ticket and ruling in connection therew
ith,
ordered. published in Bulletin
9 /6
Mechanics 8; Metals National Bank of New
York:
Acceptance by, of 90-day sight drafts to $500,0
00 for
furnishing dollar exchange in Cuba, approved
10/ 1
Megata, Baron T., letter from, transmitted
by FRAgent Perrin,
re an American-,Japanese bank
7 /16
Member Banks:
Reports of condition of; memo. of Mr. Jacobson sugges
ting
call for,be made in October or November, concurrent
with call by Comptroller of Currency
10/15
Reports of condition of, other than national banks;
memo.
of Secretary recommending call for, be made simult
aneously with Comptroller's last call for present calendar
year; approved
12/16
Request by, for loans or rediscounts; letter from
Comptroller
suggesting in such cases that FRBanks require
statement
of rate of interest or discount brinlm collected or
charged
customers on each paper offered as collateral
9 /10
Statements from customers of; letter from Gov. Weld
of
Minneapolis re use of,
7 /27
Unwillingness of certain, to make report
s to FRBanks of their
earnings and dividends; statement by Gov. re,
and
request made of Comptroller that he ask for information
10/22
Members, F. R. Board:
Travelling expenses incurred by, on behalf of Fourth
Liberty
Loan; reimbursement of, by Board, approved
10/ 1
Membership in F. R. System:
(See also State Banks & Trust Companies; Entrance into
FRS: )
Alliance Bank Co. of Alliance, Ohio; letter from FRAgen
t
at Cleveland recommending waiver of certain conditions
of membership of; approved
9 /25
Commercial Savings Bank, Mitchell, South Dakota; opinion of
Counsel re application of, for membership (See auxiliary
minute book, of date)
11/ 7
Fannin County Bank, Bonham, Texas; application of, for
membership, with memo. by Secretary and Counsel containing
opposing views as to conditions of, discussed; admitt
ed
on general conditions only
11/22
Page
1332
1330
1312.4/
1313
1356
1205
1377
1532
13184
1228
1393
1357
1347
1426
1456-49
MIX
Page
Membership in F. R. System: (continued)
First State Bank, Abilene, Texas; application of, with
correspondence from FRAgent Ramsey re; ordemi
8 /20
conditions heretofore imposed not be waived
First State Bank, Gresham, Oregon; memo. of Counsel in re
application of excess loan condition Imposed in
11/27
approving membership of; approved
Merchants & Savings Bank of Kenosha, Wis.; application
considered; voted to admit bank upon condition
that it reduces dividends to 6% and applies surplus
earnings to reduction of book value of investment
9/3
securities
Mutual Savings Banks; memo. of Gov. in re membership
11/27
of; ordered circulated
New England Trust Company; opinion of Counsel re
9 /4
proposed terms of membership of,
New England Trust Co.; statement by Mr. Hamlin of
conference with officers and diractors of, and
intention to apply for membership under certain
9/3
conditions
Association;
Puelicher, J. H., of American Bankers'
letter from, re suggested general letter to
11/12
prospective state bank members
membership;
FRBanks
letter
to
banks
soliciting
State
suggesting request be made of, for no public
announcements until after formal approval of
9 /4
applications by Board
The New England Trust Company; memo. of Counsel recommend11/27
ing waiver of condition imposed upon; approved
Mercantile Bank of the Americas:
11/22
Examination of; memo. of Secretary in re, approved
Letter from, forwarding statement; referred to Counsel
with question as to Board's responsibility for
7 /10
cum-mining bank
Opinion of Counsel holding that same, and similar
7 /13
institutions, need not be examined by Board
Purchase of additional stock of, by National Shawmut Bank,
10/22
Boston; approved
Request from, that Nicaragua be designated as one of
countries from which long usance drafts may be
drawn on U. S. to create dollar exchange; so
8/8
designated
Merchants & Savings Bank of Kenosha, Wisconsin:
Application for membership considered; voted to admit
bank upon condition that it agrees to reduce
dividends to 6% and applies surplus earnings to
reduction of book value of investment securities
9/3
1284
1468
1302-3
1470-71
1306
1301-2
1432
1306-7
1467
1454
1193
1198
1392
1258
1302-3
Merchants national Bank of Detroit, Michigan:
Copy of letter of Mr. John Ballantyne, president, forwarded
by Gov. McDougal
12/20
Mexican Government:
Decree of, in re silver exports; communication from
Ambassador Fletcher re, transmitted by Secretary
of State8/6
Military Draft Regulations:
Status of officers and eaployeos of F. R. Banks under;
Consultation of Gov. Harding with Provost TiArshal
General re, authorized
9 /10
Correspondence between Gov. Harding and Provost
marshal General re, ordered published in
Bulletin
9 /12
Letter from Governor to Provost 1VIrsha1 General
re, approved
9 /12
Miller, Adolph C., Member of F. R. Board:
Authorized to visit New York for purpose of conferring
with Dr. Willis in re RBulletin
11/19
Authorized to visit Richmond, Va. on Dec. 27th. at
expense of Board
12/23
Suggestion by, for lifting of so-called "Gold Embargo"
at South aTui Central American points; voted he be
requested to submit memo. with reasons for motion 108
Suggestion by, that F. R. examiners participate in next
examination of Guaranty Trust Co. of new York by
New York State Banking Dept.
10/ 6
Miller, J. Z., Jr., Gov., FRBank of Kansas City:
Resolution of Board of Directors of Kansas City re
appointment of, to membership on RBoard; letter
from RAgent Ransay to Secretary of the Treasury
transmitting,
7 /30
Miller, Paul S.
Expense incurred by, in moving to El Paso; letter from
FRAglant Ramsey re; granting of amount spent,
approved
7 /10
ilinneapolis Clearing House:
Resolutions of, as to desired milling in transi
t
privileges; letter from Asst.FRAgent Mosher re,
7 /23
Mount Jewett national Bank, Mount Jewett, Pa.
Memo. of Comptroller recommending approval of application
of, to reduce its capital stock; approved
12/18
Moyle, J. H., Asst. Secretary of the Treasury:
Letter from, re printing of FRBank notes and F. R.note
s 7 /16
Mullen, J. S., of Ardmore, Oklahoma:
Letter from, re character and eligibility of certain
drafts;
opinion of General Counsel re, approved
12/27
page
1540
1249
1320
1325
1325
1441
1552
1444
1361
1194
1219
1530.
1200
1560
CI
Page
MUrchison National Bank, Wilmington, N. C.
Inquiry from, re rediscount of notes of non-member banks
e
by member banks; letter from Counsel re,
Letter from Board to J. V. Grainger of, re eligibility
7 /22
of trade acceptances,approved far transmission
Letter from Gov. Seay re correspondence with J. V.
7 /25
Grainger of,
Opinion of Counsel re endorsed trade acceptances
contained in letter to J. V. Grainger of; letter
7 /16
approved in substance
rusher & Co.
Banking conditions and loans; letter from Company re;
also statement by Mr. Rent re speculations of,
8/1
in Italian and Spanish exchange
Correspondence from, re discount of their bankers
7 /25
acceptances,with proposed reply thereto,
Criticism of administration of Fred I. Rent as Director
of Div. of Foreign Exchange; letter from Nathan Mushor
12/30
making, and requesting hearing
Foreign exchange and other transactions of; correspondence
and data submitted by Mr. Kent re, also letter and
8/9
memo. from Deputy Comptroller
Foreign exchange transactions of; letter from Director
6
of Div. of Foreign Forchange re,
12/31
Hearing for, fixed for Jan. 9th., 1919
rutual Savings Banks:
Membership of; memo, of Gov. Harding re,
11/27
National Association of Credit Eon:
Preferential interest rate for trade acceptances; letter
from Association re,
10/15
Use of trade acceptances in connection with business
of railway companies; letter from Secretary of
Association advocating,
9 /10
National Bank of Commerce, New York:
Permission to accept time drafts drawn upon it by banks
or bankers In Argentine Republic for purpose of
creating dollar exchange, requested by Vice President
Rovensky; approved
10/ 3
National Banks:
Call for condition of; letter from office of Comptroller
stating, as of date
7/3
Comptroller's report of condition of, as of Aug. 31st.,
1918, presented
10/17
Drawing of long bills on London by; copy of memo. for
Er. Leffingwell re, presented by Mr. Warburg
7 /25
Gold holdings of; letter from Deputy Gov. Treman of New
York in re call for report as to, in next report of
condition
10/22
1251
1216
1225
1208
1240
1223
1564
1263
1250
1569
1470-71
1375
1318
1364-65
1186
1380
1224
1393
CII
Page
National Banks: (continued)
Granting of registrar powers to national banks in New York;
letters from Mr. Hamlin and J. P. Cotton re; voted
Board approve all pending and declined applications
for such powers
7/2
National City Bank of Brooklyn:
Reserve status; letter from bank re;
7 /13
National City Bank of Now York:
Branches & Sub-Branches:
Belgium; establishment of branch in,approved
12/11
Portugal; establishment of branch in,approved
12/11
Sagua la Grande, Cuba; establishment of sub-branch
at, with main office in Havana, approved
9 /19
Switzerland; establishmant of branch in,approved 12/11
Letter from J. H. Fulton of, re reserves to be maintained
by foreign branches of national banks; together with
opinion of Connsol re; voted La.. Hamlin be invited
to appear before Board
10/15
Permission granted, to invest not exceeding lg.; of paid
in capital stock and surplus in stock of International
Banking Corporation
9 /17
Proposed application of, for permission to purchase entire
capital stock of International Banking Corporation,
with copy of suggested agreement to be filed by said
Corporation with Board; letter from J. H. Fulton re,8/15
National Credit Bureau for Analysis of Credits:
Establishment of; memo. of AleTarder Wall proposing, with
memo. theroon by Messrs. Willis, Broderick and
Jacobson; docketed for Sept. 19th.
9 A7
Dr. Willis authorized to confer with Mr. Wall
and officers of FRBank of New York to see if
possible to arrange for brief trial of plan
suggested
9 /19
National Exchange Bank of Roanoke, Va.
Exchange charge of 1/10 of 1% on 'checks drawn on; correspondence from Er. Glass and Deputy Chairman Peabody
• of New York re,
10/ 8
National School Supply Co.; letter from Franklin Bruce of,
re practice of requiring certified check with bids for
school supplies
8/1
National Shawmut Bank, Boston:
Memo. of 1,1r. Hamlin in re director of, serving simultaneou
sly
as director of First Nat. Bank of New York, presented
to Executive Committee
8 /16
Approved by Board
8 /20
Request from, for banks and bankers in China and Japan
to draw drafts on, for purpose of creating dollar
exchange; referred
10/24
Above request withdrama
10/29
1165
1197
1502
'
54I
15024
'
1
1338_e
1504""
1316
3.33z;-154%0
1215
'
16
1329
1337
1366
1241
1280 Az
1281'
1396
1409
Page
National Shawmut Bank, Boston: (continued)
Request from, for permission to purchase additional
stock of Mercantile Bank of the Americas,approved 10/22
National War Labor Board:
Subletting of Room 902 in Southern Building to, by Board,
recommended by Statistician; approved, subject to
10/29
review by Counsel
Nederlandsche Bank of Holland:
See De Nederlandsche Bank of Holland
New .:England Trust Co.
Proposed terms for membership in FRSystam of; opinion
9 /4
of Counsel re,
with
officers
conference
of
Statement by 1.1r. Hamlin
and directors of, and intention to apply for
9/3
membership under certain conditions
Banks:
ITWU York Clearing House
7 by, on bills payable elsewhere than
,
Charge of 1/10 of 4
in New York; letter from Boston Clearing House
8 A20
Association re,
Report by Gov. of conversation with RAgent
Jay re above, and understanding that matter
would be settled between Associations without
e /22
intervention of Board
New York Institutions:
Investment by, in stock of discount company; letter from
Deputy Gov. of RBank of New York and reply of
e /20
Gov. Harding re,
New York Telephone Co.
Contract executed by, covering private line between 16 Wall
Street and 20 Broad Street, New York; memo. by
12/27
Secretary approving, approved
New York Times:
Attention called to article in, re sending out,by Chairman
Curtiss of Dist. Committee on Capital Issues of
FRBank of Boston, of letter to banks and trust companies
9/6
re borrowings for capital purposes
Nicaragua:
Request from Mercantile Bank of the Americas for designation
of, as one of countries from which long usance drafts
may be drawn on U. S. for purpose of creating dollar
8/8
exchange; so designated
Non-Essential Industries:
Relief measures on behalf of meritorious; letter from
9 /12
Watson Manufacturing Co. of Jamestown, N. Y. re,
Norges Bank, of Christiania, Norway:
Application of RBank of New York to appoint said bank
its correspondent and agent in Norway, and for each
bank to open and maintain banking account with the
10/10
other; approved
1392
1410
1306
1301-2
1282
1286
1282
1557
1310
1258
1323-24
1373-74
CIV
Page
North American Bank of Minneapolis:
Reserve status of; letter from 1RAgent at Minneapolis
recommending change in, pursuant to recent amendment to FRAct; action deferred
10/29
Notes:
Delivery of gold notes to PRBank of San Francisco by
State banks in California in exchange for legal
tender notes; recommendation by Mr. Miller that
endeavor be made to secure,
6/ a
Eligibility of note, the proceeds of which have been used.
for commercial, industrial, and agricultural
purposes; letter from Gov. Harding to Gov. Van Zandt
re, noted.
12/13
Filing of statement with notes offered for rediscount;
letter from FRAgent Rich re,
7 /19
Railroad; eligibility of, authorized by Director of
Finance for paying increased railroad salaries;
telegram from Deputy Gov. Hoopes of Dallas re;
eligibility considered doubtful
7 /30
Railroad company renewal; letter from Gov. Harding to
Comptroller of Currency re, noted
9 /19
Railroad short term; letter from Comptroller re,
9 /17
Rediscounted by a national bank but no longer owned by,
or in custody of, such bank; opinion of Counsel re
application of Section 5200, Revised Statutes, to 8 / 9
Old Colony Trust Co.
Drafting of employees of; letter from Gov. of RBank
of Boston re,
9 Az
Otis, Charles A., of War Industries Board:
Letter from, re
Formation of War Boards with representation thereon
of FRBanks,
11/12
Pamphlet on Uniform Accounting:
Reprint of 5,000 copies of; approved
7 /19
Panama Canals
Absorption of charges on gold certificates transferred
from Canal Zone to the U. S.; letter from Auditor
to Asst. Auditor of Canal re; acted upon
11/ 7
Paper:
Automobile; plan to finance certain for "Fiat Co.",
contained in letter from FRBank of New York
7 /27
Cold storage; eligibility of; letter from Jos. P. Cotton
re, read, and views adopted
7/3
Commercial; rate of 4-16 named on repurchases, upon
application from MBank of St. Louis
'
7 /30
Commercial; rate on, discounted with 15-day repurchase
agreement, named at 4,at request of F. R. Bank
of Chicago
7 /30
1401
'
8
1257
1510
1212
1236
1331_4 ,
1330
'
"
1 I
1262
'
65
130
1431
1214
1424"i
1229
1186
1236
1236
CV
Page
(continued)
Paper:
Commercial; reduction in rate on 16-90 day to 5%;
9 /17
telegram from FRAgent at Kansas City re,approved
making
for
Wall
Alexander
of
plan
of
trial
Commercial;
analysis of staterents submitted by sellers of,with
view to establishing series of inde2ces to guide in
its purchase, recommended by Dr. Willis, at expenditure
10/18
of not more than .)1,000; approved
Comaercia.1 paper and trade acceptances with 15-day
maturity; rate of 41Zi approved on, for MBank of
8 /23
San Francisco
from
Eligibility of, of cotton seed oil mills; letter
Vice President Gill of Seaboard Nat. Bank of
8 /27
New York re,
letter
another;
Endorsement of, sold by one 1.411Bank to
10/29
from FrtAgent at an Francisco in re,
and.
notes
collateral
Fifteen-day, including member bank
excluding paper secured by Govt. obligations; rate
9 /10
51 approved on, for RBank of Dallas
11),
of 4,
and
notes
collateral
bank
Fifteen-day, including member
excluding paper secured by Govt. obligations; rate
9 Ao
of 41;172 approved on, for FRBank of Minneapolis
requesting
Louis
$t.
of
FRBank
Fifteen-day; letter from
7 /27
advance of one-half of 1, on,
by
secured
notes
promissory
Fifteen-day member bank
Fourth Liberty Loan bonds; rate of 4% approved for,
10/10
at request of FRBank of Richmond
reunder
less,
or
days,
15
for
Long paper discounted_
purchase agreement; letter from Gov. McDougal
stating Board of Directors had. concurred in plan
a /1
of 170 on,
of advancing rate
FRAgent
from
letter
on;
discount
of
Long term, rate
a /6
Jay of New York re,
soon
periods
short
for
on,discounted
rate
Long term;
called repurchase agreements, resubmitted to Board
for consideration; letter from bIlAgent Jay of
8/8
New York re,
Ninety-day, secured by Fourth Liberty Loan bonds;
special rate of 4% on, proposed by FRAgent at
lo/ 3
Boston, approved
Ninety-day, secured by Fourth Liberty Loan bonds; special
rate of 4% on, proposed by FRAgent at Chicago,
lo/ 1
approved
Loan
bonds;special
Ninety-day, secured by Fourth Liberty
rate of 4% on, proposed by FR.Bank of Chicago,
10/ z
approved.
Fourth
by
Liberty
Loan bonds; special
Ninety-day, secured
rate of 4;.; on, proposed by FRAgant at Kansas City,
lo/ 1
approved.
1333
1385
1291
1295
1407
1318
1318
1228
1374
1240
1248
1256
1365
1353
1361
1358
CVI
(continued)
Paper:
Ninety-day, secured by Fourth Liberty Loan bonds; special
rate of 4% on, proposed by MBank of Richmond,
approved
10/10
Ninety-day, secured by Fourth Liberty Loan bands;
special rate of 4% on, proposed by FRAgent at
St. Louis, approved
10/ 8
Ninety-day, secured by Govt. obligations; rate of
41, on,
proposed by FRAgent at Boston
9 /25
Ninety-day, secured by Govt. obligation; telegrams
from
FRAgents at Boston and Chicago re special rate for;
acted upon
9 /30
Ninety-day, secured by Treasury certificates of indebte
dness; telegram from Gov. Lynch requesting approval
of 4; rate on, temporarily; disapproved
10/ 1
Rediscount of, for
Bank of St. Louis; question
presented, and agreed to request FRBank of Cleveland
to rediscount for; rates fixed
7/8
Status of, of non-member banks secured by Govt. obligations,
or commercial paper rediscounted through member banks;
telegram from FRAgent Perrin re,
7 /15
Peabody, George Foster, of F. R. Bank of Now York:
Assuming of duties by, of office of Asst. FRAgent in
absence of Mr. Jay; letter from Gov. Harding re, 9 /12
Letter from,asking approval by Board of action of FRBank
of Now York in employing Alexander B. Trowbridge,
Architect, for period of year; approved
7 /15
Pending Legislation:
Alleged communication from Counsel as to; letter
from
Gov. Weld of Minneapolis re; statement in re,appr
oved
for Bulletin
7 /27
Peeples Trust Co. of Brooklyn, New York:
Branch of, established at office formerly used by Bank
of Flatbudh; notice of, from FRAgent Jay
8/6
Purchase of assets and assumption of liabilities of Bank
of Flatbush by; letter from FRAgent Jay advising
of,
8/6
Perrin, John, FRAgent, San Francisco:
Draft of letter to, prdposed by Mr. Warburg, approve
d
7 /13
Telegram from, re
Status of paper of non-member banks secured by
Govt.
obligations, or commercial paper rediscounted
through member banks; referred to Counsel
7 /15
Peruvian Exchange:
Stabilization of rates of exchange between U. S. and
Peru; letter from Secretary of Treasury McAdoo
re, ordered circulated
11/20
Page
1.374
1366
1345
1351
1354
1189
1201
1325
120°3
1225
120
1245
1196
1201
1450
Page
Pesetas:
Purchase of 60,000,000 for Govt. account; memo. of
1.1r. Strauss transmitting letter from Gov.
7 /25
Strong re,
of
ate:
Phillips, Wm., Asst. Secretary
7/8
Letter from, re adjustment of Italian exchange
Polish Banking Reserves:
•
Status of, and related questions affecting financial
situation in Poland; authority invested in DT.
11/15
H. Parker Willis to compile,
Press Statements:
Issuing of statement at beginning of each month,outlining
matters of interest to be discussed in FRBulletin
10/ 1
issued during month, approved
President Woodrow, Uilson:
See Wilson, (President) Woodrow:
Printing of F. R. Notes & F. R. Currency:
Estimate of number of sheets required during fiscal year
1920 for; letter from Director Wilmeth of Bureau
of Dagraving & Printing re; also memo. by Asst.
a /6
Secretary Adelson
Priorities Commissioner:
a /20
Curtailment of industries, letter re,
Provost Marshal General:
Status of officers and employees of FRBanks under military
draft regulations:
Consultation of Gov. Harding with Provost Liarshal
9 /3.0
General re, authorized
Correspondence between Gov. Harding & Provost
9 /12
General re, ordered published in Bulletin
Letter from Gov. Harding to Provost General
9 /12
re, approved
Publications:
Board's subscriptions to daily and periodical; report
10/31
by Mr. Miller re,
of
F. R. Board:
Publicity Plan
Liemo. of W. T. Chapman re; voted all statements for press
8 /13
be approved by Gov. before release
Puelicher, J. H., of American Bankers' Association:
Letter from, re suggested general letter to prospective
11/12
state bank members; referred to Gov. with power
Purchase of Wool in Argentine:
Exclusion from group formed by quartermaster General's
Dept. for; letter from First Nat. Bank of Boston
forwarding communicatian from Crimmins & Peirce
8/6
protesting,
quarters:
See under ituarters, F. R. Board
" Div. of Foreign Exchange
the several F. R. Banks
"
1224
1189
1440
1355
1250
1283
1320
1325
1325
141546
1271
1432
1249
tivarters, F. R. Board:
Div. of Reports & Statistics:
Larger quarters; question of, referred to Comet
7 /10
Larger quarters; question of, considered, and
informal report re, submitted by Mr.Dolano
7 /19
Memo. of Mr. Delano re space for; referred to Gov.
with power to acquire,
7 /22
Quarters in Southern Bldg. for use of; memo. of
Yr. Jacobson re; approved
8 /6
Rooms 901 and 902 in Southern Building, Washington,
D. C.; memo. of Ur. Jacobson recommending
lease of; approved
9/3
Gov, authorized to take up question of securing centralized,
with Secretary of the Treasury
12/30
Railway Exchange Building at St. Louis; letter from
John A. Will, 2. R. examiner, requesting approval of
contract for lease of office in, approved
10/31
Subletting of Room 902 in Southern Building to National
War Labor Board; memo. of Statistician recommending,
approved, subject to review by Counsel
10/29
Woodward Building; letter from Reginald W. Beall offering
for sale to Board, and reply of Gov. Harding,
10/17
Railroads:
Liquidation of railroad accounts; request from Railway
Business Association for Board's opinion re best
methods for,
9 /17
Pay checks of railroad companies; Gov. authorized to
direct attention of ERBanks to, stating sane must
be taken by banks an parity with other checks
10/ 1
Renewal notes of railroad companies; letter from
Gov.
Harding to Comptroller of Currency re,
9 /19
Short term notes of; letter from Comptroller re,
9 /17
Railway Business Association:
Requost from, for Board's opinion as to best methods for
liquidation of railroad accounts
9 /17
Ramsey, Wm. F., F. R. Agent, Dallas:
Letter from, inquiring if any objection to his engaging
upon a particular private undertaking, with fee;
referred to Counsel for negative reply
11/ 7
Reconstruction & Readjustment Activities of Agencies of
Govt.
Topical arrangement of, prepared by Council of National
Defense, submitted in mow. from Chief Clerk of Treasury
Dept.
12/13
Rediscounts:
Applicability to rediscount of provisions of Section 5200
of Revised Statutes; report by ;Ir. Hamlin re,
11/27
Page
1194
1212
123.7
1252
1305
1566
1416
1410
1362
1331
1359
1337 11
'
1330
1331
1425
1464
CIX
Page
Rediscounts: (continued)
Bankers' ac.ceptances, establishment of fillad rate for;
letter from Deputy Gov. Case of New York recommend9 /10
ing; tabled for Sept. 12th.
Matter considered; voted. Gov. state that
Board would be glad to have FRBank of New
York submit its recommendation covering
9 /12
rate
Bankers' acceptances; rate of 4; for 1-15 day, 215.4 for
16-90 day,and 4
for 60-90 day, approved, upon
9 /30
request of Deputy Gov. Case of Now York
Between F. R. Banks; Gov. Harding authorized to arrange
11/13
at certain rates
Commercial paper; circular letter from Board to Ma-Inks
7 /22
re, and re repurchase agreements
90-day
certain
acceptances
Eligibility for rediscount of
secured by deposit of leaf tobacco, with commitment on
part of bankers to renew; letter from President
Hill of The American Tobacco Co. re,together with
9/6
opinion of Counsel
Decision by Board not to permit renewal of
9 /17
above acceptances, and Gov. to so notify
Elimination of detail work in rediscounting between
F. R. Banks; draft of proposed letter to FRBanks
re, approved for transmission
F. R. Bank of Atlanta:
Adoption of plan by, in dealing with rediscounts at
Branches, such as Cleveland employs for Pittsburgh,
7 /22
recommended by Mr. Warburg; approved
11/20
By F. R. Bank of Chicago;
11/22
11/27
12/ 4
12/ 6
12/11
12/16
12/18
12/27
10/ 8
By F. R. Bank of Cleveland.;
11 7
10/ 8
By.F. R. Bank of Kansas City;
100
By F. R. Bank of Mirmeapolis
10/ 8
By F. R. Bank of Philadelphia
10ft4
F. R. Bank of Boston:
11/20
By F. R. Bank of Cleveland;
By F. R. Bank of Minneapolis
12/11
12/27
1318
1323
1351
1411
1215
1311-12
1330
1219
1216
1451
1456
1467
1480-1
1484
1501
1521-22
1531
1558
1368
1423
1368
1451
1368
1397
1451
1501-2
1558
CX
page
Rediscounts; (continued)
F. R. Bank of Boston:
By P. R. Bank of San Franlisco
12/ 2
Ninety-day paper secured by Fourth Liberty Loan
bonds; special rate of 45
,proposed by
FRAgent Curtiss, approved
10/ 3
P.R. Bank of Chicago:
Ninety-day paper secured by Fourth. Liberty Loan bonds;
special rate of 4% on, proposed by Bank,approved
10/ 2
P.R. Bank of Clevelana:
Railroad notes rediscounted by; memo. of Acting
Secretary re; also merx..of Counsel in re
railroad acceptances
8 /20
F. R. Bank of Dallas:
Agreed by Board that Gov. Harding arrange rediscounts
for, sufficient to restore reserve percentage
of about 5q.;
7/2
By P. R. Bank of Boston;
9/3
By F. R. Bank of Chicago;
10/15
By F. R. Bank of Cleveland;
By F. R. Bank of Kansas City;
By F. R. Bank of Minneapolis;
1365
1361
1282
1184
1301
1377
10/18
1369
11/ 7
12/13
12/18
9/3
10/15
1423
1507
1531
1301
1377
10/18
1389
11/ 7
11/20
1425
1461
1366
1389
1425
1461
1436
1467
1480
1546
1507
10/ 1
10/18
11/ 7
11/20
11/22
11/27
12/ 4
12/23
12/13
By F. R. Bank of St. Louis;'
Of4,000,000 eligible paper 30-90 days at iQL for
by RBank of New York; voted that Board
suggest
7 /30
F. R. Bank of Minneapolis:
By F. R. Bank of Cleveland;
8 /23
By P. R. Bank of Philadelphia
8 /23
Crop conditions and probability of Increase in rediscounts at banks in district during next few
months; letter from FRAgent Rich re,
7 /15
1475
1235
1291
1291
3.201°
CXI
Page
Rediscounts: (continued)
F. R. Bank of New York:
Of customers' notes given for purpose of carrying
Fourth Liberty Loan bonds and secured thereby;
letter from Deputy Gov. Case re, referred to
10/26
Counsel for opinion
F. R. Bank of Philadelphia:
12/ 6
By F. R. Bank of Chicago
12/ 6
Minneapolis
of
Bank
By F. R.
12/18
11/20
York
New
of
Bank
By F. R.
12/ 6
By F. R. Bank of St. Louis
Ricinm
of
Bank
R.
end:
F.
8 /13
By F. R. Bank of Cleveland
11/20
By F. R. Bank of Minneapolis
8 /13
By P. R. Bank of Philadelphia
Fifteen-day member bank promissory notes secured
by Fourth Liberty Loan bonds; rate of 45
10/10
approved for, at request of Bank
Ninety-day paper secured by Fourth Liberty Loan
7 approved for, at
,
bonds; special rate of 4,
10/10
request of Bank
F. R. Bank of St. Louis:
Memo. statin'j situation re reserves at, and need of
rediscounts, with telegrams from MBank re,read;
agreed to arrange rediscounts sufficient to
7/2
e
restore reserve percentage of about 5oc;
Ninety-day paper, secured by Fourth Liberty Loan
bonds; special rate of 45 on, proposed by
10/ a
FRAgent Martin, approved
Question of, presented, and Cleveland to be requested
7/8
to rediscount for; rates fixed
from
letter
for;
Filing of statement with notes offered
7 /19
FRAgent Rich re,
suggested
re
memo.
Banks;
Handling of, between F. R.
9 /19
method for,
Interbank rediscount operations; opinion of Counsel re
7 /18
question of simplifying,
Member bank rediscount transactions; draft of letter by
11/18
Gov. Harding to RBanks In re, approved
Member state bank;. opinion of Counsel re, published on
page 638 of July Bulletin, discussed and acted upon 7/27
Notes of non-member banks by member banks; letter from
Counsel in re inquiry from Lurchison Nat. Bank of
8/6
Wilmington, N. C. ro,
Opinion of Counsel published in Sept. Bulletin in re;
letter from MAgent Rich forwarding resolutions by
Board of Directors of Liinneapolis Bank asking re11/22
consideration of,
1402
1484
1484
1531
1451
1484
1270
1451
1270
1374
1374
1184
1366
1189
1212
1340
1208
1444-45
1228
1251
1457-58
CXII
Page
Rediscounts: (continued)
Opinion of General Counsel in re eligibility for rediscount of certain notes
1551
12/27
Renewal of; telegram from Gov. Harding to RBank of
Atlanta re policy as to; approved
1359
10/16
Secretary directed to prepare statenent of all redisacunt
transactions since beginning of operations of
P. R. Banks
1451
11/20
Section 5200, Revised Statutes; opinion of Counsel in re
application of, to notes rediscounted by a national
bank but no longer owned by, or in custody of,
such bank
1262-65
8/9
Simplifying of interbank rediscount methods; opinion
of Counsel re,
120
7 /22
Suggested amendment to FRAct by RAgent Wills to permit
FRBanks to rediscount 15-day notes of other FRBanks
with eligible paper pledged as collateral, and use such
notes as collateral for F. R. notes; referred to
Counsel
1200
7 A5
Synopsis of responses from FRBamks to Board's letter of
Sept. 11, 1918, re member banks indicating,on their
rediscount application blanks,rate of interest or
discount charged by them on each note or bill offered
for rediscount with Reserve Banks; order suspended
temporarily with respect to Boston, N. Y., & Phila.9 /19
1338
Registered Mail:
Delivery of; letter from Third Asst. Postmaster General
to Board re; Treasury messenger authorized to
1281
receive for Board
8 /22
Regulations of F. R. Board:
Counsel instructed to prepare, series 1918, including
regulations covering exercise of trustee power and
reserve requirements of banks in outlying districts
of central reserve cities
1384
10/17
Reissuing of; question re, discussed; Secretary directed
to order additional supply
1194
7 /10
Renewal of Loans:
See under Loans
Repurchase Agreement:
Question of, resulting in giving 15-day rate to banks
presenting 90-day paper for discount, discussed,
apropos of memo. from Statistician
1213
7 /19
Reserve Cities:
See Central Reserve & Reserve Cities
Reserves:
Balkan, Belgium, Polish, Turkish and Ukranian banking reserves,
status of, and related. questions affecting financial
situation in said countries; authority vested in
Willis to compile for Col. House's Committee
1440
11/15
CIIII
Page
Reserves: (continued)
Changes in method or stating reserve; memo. by Lir.Warburg
recommending, with draft of confidential letter re,
a /6
for forwarding all FRBanks
Deficient reserves of certain member banks of eleventh
district; letter from Cashier of 1.1113ani: of
11/25
Dallas re,
Figuring and reporting reserve against deposits and
F. R. notes; memo. by Mr. Warburg re, as basis
8 /5
for circular
First National Bank in Brooklyn, New York; petition
submitted by, signed by several banks,requesting
permission to maintain reserves under Section 19 of
FRAct as amended, as specified under paragraph B
10/ 8
(for reserve cities)
be
to
reserves
Foreign branches of national banks,
maintained by; letter from J. H. Fulton of Nat.
City Bank re, together with opinion of Counsel;
voted. Mr. Fulton be invited to appear before Board 10/15
Law requiring carrying of percentage of, in gold or 'legal
tender notes by Otate banks in California; statement
by Mr. Miller no, and recommending that endeavor be
made to have banks deliver gold notes to RBank of
San Francisco in exchange for local tender notes;
8/8
recommendation approved
Memo. submitted by Statistician recommending that all
money, etc., in transit between FRBanks, or from
FRBanks to Treasury, or elsewhere, be reported as
11/22
part of reserve holdings; approved
National City Bank of Brooklyn; letter from, no its
7 /13
reserve status
North American Bank of Minneapolis; letter from RAgent
Rich recommending change in reserve status of,
pursuant to recent amendment to FRAct;actian
10/29
deferred
on
reserve
Payment by FRBank to member banks of interest
balances; letter from Senator E. S. Johnson with
further reference to communication from President
Millett of Jtockgrowers' Bank, Ft. Pierre, S.D. re,8 /13
Present reserve position of respective Manks; repurt
12/30
by Gov. re,
of,
treatment
re
FRBanks
and
RAgents
to
Proposed letter
against deposits and note liabilities of FRBanks;
12/18
approved as nrnnded
maintained
be
to
re
reserves
Board
by
ruling
for
Request
by branches of banks organized for foreign banking;
11/12
memo. by Secretary re; acted upon
Hamlin
Ur.
from
letter
the
of
FRBanks;
Reserve position
10/ 1
no, addressed to Gov. Harding
1249
1461-62
1244
1370
1376
1257
1457
1197
1407-8
1269
1566
1532
1431-32
1357
CXIV
Page
Reserves:
(continued)
Reserve requirements of banks in outlying districts of
central reserve and reserve cities; letter from
several FRAgents in response to Board's circular
letter of Oct. 5th. re,
10/17
Situation re, in St. Louis and need for rediscounts;
memo. re, read, toL"ether with telegram from
St. Louis on subject; agreed to arrange rediscounts
for St. Louis and Dallas sufficient to restore
reserve percentage of about 50;
7/2
Status of F. R. notes as, under California Bank Act
as amended in 1917; letter of Counsel re,
11/27
Revenue Law:
Changes in, with respect to collection of items received
from Collector of Internal Revenue; letter from
FRAgent Wills of Cleveland suggesting,
e/6
Revenue Stamps:
Draft of letter to FRBaaks with reference to, an drafts
drawn to finance sales of goods to Allied Purchasing
Commission, submitted by Gov. Harding & approved
11/22
Revised Statutes:
Senate Bill No. 4747 re limitations of Section 5200 of;
memo. of Counsel submitting, with recommendation
that Board approve;refarrod to Comptroller
9 /17
Richardson, (Lirs.) Lulu C., application of, for leave with
pay for emergency relief work in connection with
Spanish influenza epidemia,approved
10/22
Ridgely Farmers' State Bank:
Memo. of Counsel re proposed application of, for membership,
and purchase by, of assets of Ridgely Nat. Bank and
F armors' Nat. Bank, Springfield, Ill., approved
11/27
Ridgely National Bank, Springfield., Ill.
Memo. of Counsel re liluidation of, in purchase of assets
by Rid{,
,ely Farmers' State Bank, organizing;approved11/27
Rocky Mountain Auto Tr9,de Association;
Letter from, re automobilebusiness on cash basis
8 /6
Rovensky, J. E.
Publication in Bulletin of Board's letter to, under date
of Sept. 19, 1917, re custody of documents supporting bills accepted; authorized
9 /17
Rupee Credit:
Additional; letter from Asst. Secretary of Treasury
Leffingwell re,
7 /27
Salaries;
See under Staff of F. R. Board.
" F. R. Banks.
" Branah Banks.
ft
" Examiners.
" Div. of Foreign Exchange.
1383
1184
14894°
1248
'
19
1488
1331
130
1470
1470
1WA°
1330
1229
CX.V
Page
Santa Rosa National Bank of Santa Rosa, California:
Failure of; telegram from Deputy Gov. Calkins of
10/ 3
FRBank of San Francisco re,
Seaboard National Bank of New York:
Letter from Vice President Gill of, re eligibility of
8 /27
paper of cotton seed oil mills
Second Ward Bank of Milwaukee, Wis.
Ordered admitted into FRSystem upon conditions named
7/8
by Committee
Secretary of Agriculture:
Letter from, enclosing memorandum re relation of Farm
Credit statement to Short time bank credit for
7 /16
faraers; ordered printed in next Bulletin
Secretary of State:
Letter from, transmitting official communication from
7 /18
Consul General in Norway
Secretary of the Treasury LloAdoo:
See McAdoo, Hon. W. G.
Section 5200 of Revised Statutes:
Senate Bill 4747 re limitations of; mere. of Counsel
submitting, with recommendation that Board approve;
9 /17
referred to Comptroller for report
Securities:
Lost or unaccounted for, at FRBank of Philadelphia; memo.
10/ 1
.of Secretary re,
Senate Bill 4747 re limitations of Section 5200 of Revised
Statutes; memo. of Counsel submitting, with recommendation
9 /17
that Board approve; referred to Comptroller
Shea, John V., Jr., of Board's Staff:
Recommendation of Committee for indefinite leave of
absence for, with pay, referred to Gov. with power 12/ 4
Shearman & Sterling; applications of National City Bank of
New York for permission to open branches in Belgium,
12/11
Switzerland and Portugal submitted by; approved
Shipments of F. R. Notes to Banks:
Advance of funds necessary to pay postage covering;
letter from W. D. Vandiver, Asst. Treasurer of U. S.
8/ a
at St. Louis, re; acted upon
Silver:
Discontinuance of granting of export licenses for, if same
has been bought at over :';1 per ounce ; announcement
by Mr. Warburg that Gold Export Committee had under
a /1
consideration
Exports:
Decree of Mexican Government in re; letter fram
Secretary of State transmitting communication
8/6
from Ambassador Fletcher re,
1362
1295
1190
1205
1206
1331
1358
1331
1483
1502-3-4
1256
1240
1249
CXVI
Page
Spanish Banks:
Holding of certain U. S. certificates by F. R. Bank of
New York for account of; letter from Deputy Gov.
Case re, approved
1428
11/ 8
Spanish Influenza and Pneumonia:
Inoculation of eaployees against; memo. of Chief
Clerk re,
1381
10/17
Staff of F. R. Board:
Charwomen:
Connor, Addle, appointment at 010 per week
1396
10/22
Chief Clerk:
De La Mater, John, appointment as Chief Clerk at
present salary, approved
1194
7 /10
De La Mater, John, readjustment of salary, referred
to Gov, with power
1482
11/20
De La Mater, John, salary increased, from 02,900 to
03,600 per annum, effective Dec. 1, 1918
109
11/22
Stuart, Nelson, resignation submitted & accepted
1195
7 /10
Chief Clerk's Offices
Black, Burnetta, salary increased from 01,440 to
01,560 per annum, effective Jan. 1, 1919
1543
12/20
hale clerk and typist; memo. of Chief Clerk
recommending appointment of, in his office,at
salary not exceeding 01,440 per annum,approved
1566
30
Consulting Counsel:
Cotton, J. P., granted indefinite leave of absence
without pay, effective Aug. 16th.
129°
8 i22
Counsel's Office:
Bradley, C. J., salary approved at 02,400, effective
August 1st.
a /1124
Bradley, C. S., salary increased from 02,400 to
02,600 per annum, effective Jam. 1, 1919
1541
12/20
Burnett, (Lirs.) Leila T., grantea indefinite leave
of absence without pay,effective Nov. 9th.
1411
10/31
Cox, W. F., salary increased from 41,770 to 01,920
per annum, effective Jan. 1st., 1919
1541
12/20
Dyer, Sadie A4, appointment at 01,440 per annum
1.445
108
Harrison, Georep L., Asst. Counsel; leave of absence
for a year without pay approved
7/2
1184
Harrison, George L., report of return from France;
voted to again place on pay roll at 06,000
per annum
12/31. 1588
Wyatt, Walter, designated Asst. to Counsel at
.12,400 per annum
1236
7 /30
Wyatt, Walter; salary increased from 02,400 to
02,800
per annum, effective Jan. 1, 1919
12/20
1541
CXVII
Page
Staff of F. R. Board: (continued)
Div. of Analysis and Research:
Adams, M. R., appointment as part time employee at
12/ 6
$720 per annum, approved
at
employee
time
part
as
t
Beal, T. A„ appointmen
12/ 6
$500 per annum, approved
11/ 7
l
in,
clerk
statistica
as
t
Berks, L., appointmen
at
employee
time
part
as
t
appointmen
Cheng, J. H.,
12/ 6
Oaao per annum, approved
10/15
t
Approved
appointmen
A.,
Priscilla
Galt, (Miss)
per
$1,200
at
t
appointmen
M.,
P.
Gordon, (Miss)
12/ 9
annum, approved
employee
time
part
as
t
appointmen
H.,
M.
Harris,
12/ 6
at $500 por annum, approved
Langston, L. H., appointment as part time employee
12/ 6
at $500 per annum, approved
at
Nakao, Y. G., appointment as part time employee
12/ 6
$400 per annum, approved
of,
submitted
staff
Plan of operation and salaries of
by Dr. Willis; plan approved, and salaries of
10/ 1
employees thus far actually engaged
to
$1,800
from
increased
Steiner, W. H., salary
12/20
$2,250 per annum, effective Jan. 1, 1919
Div. of Audit and Examination:
Atkins, J. B., appointment as general assistant and
8 /16
stenotswapher on examining staff, approved
$840
to
$720
from
increased
salary
Bartz, C. H.,
12/20
per annum, effective Jan. 1, 1919
$2,100
to
$1,800
fram
increased
salary
Brett, R. H.,
12/20
per annum, effective Jan. 1, 1919
$3,900
to
$3,600
from
increased
salary
Imlay, W. M.,
12/20
per annum, effective Jan. 1, 1919
Nichols, Ira J., salary increased from $1,320 to
12/20
$1,440 per annum, effective Jan. 1, 1919
Namtny, Eugene, appointment as assistant to examiner
9 /3
Will at St. Louis at $10 per month,Approved
/20
8
Skinner, (Miss) Lois M., appointment approved
/16
7
re,
Staff of; memo. of Chief Examiner Broderick
$1,320
to
Stenographer, appointment of, at 01,200
7 /24
per annum, approved
Div. of Issue and Redemption:
Christie; (Miss) Elizabeth. R., appointment approved 7/18
Clerk, appointment of, at 01,080 per annum, effective
12/27
Jan. 1, 1919, approved
annum,
per
$1,200
at
of,
t
appointmen
Clerk (male);
12/27
effective Jan. 1, 1919, approved
at
,
additional
eight
of
t
appointmen
Clerk-counters;
10/10
0900, approved
1486 '
1486
1426
1486
1378
1497
1486
1486
1486
1355
1541
1279
1541
1541
1541
1541
1304
1285
1204
1220
1208
1559
1559
1374
Page
Staff of F. R. Board:
Div. of Issue ana Redemption: (continued)
Clerk-Counters; appointrant of three additional, at
0900 per annum, approved
9 /12
Clerk-counters; appointment of three additional, at
$1,020 per annum, and increase to such figure
of all clerk-counters, effective Jan. 1,1919 12/27
Dashiell, S. T., recommendation re increase in salary
of, from 01,020 to 4,080; referred to Governor
with power
12/27
Drurnbaugh, W. K., recommendation re increase in
salary from 01,320 to 01,440 per annum, referred
to Gov. with power
12/27
Everett, Miss) Mary E., appointment approved
/a
Joynes, (Miss) Alice B., appointnent as clerk-counter,
effective Oct. 11th., approved.
10/15
Murphy, (Miss) Julia D., appointment as clerk-counter
effective Sept. 28th., approved.
10/ 8
RDcord clerk; increase in salary of, from 0960 to
01,200 per annum,effective Jan. 1, 1919,approved
12/27
Riordan, (Miss) Mary A., increase in salary approved
1569
1569
1569
109
lee
1311
1569
a/a
1259
1285
10/10
3.30
Rogers, (Miss) Dorothy, appointnx3nt approved
a /20
Typist; appointment of, at $1,020 per annum,approved
Waters, Emily S., appointment as clerk-counter,
effective Oct. 2nd., 1918, approved
Vhite messenger and sealer; appointment approved
Young, (Mrs.) Fanny H., appointmaat approved
Div. of Reports and Statistics:
Chapin, (Mrs.) E. L„ probationary appointment at
01,100 per annum, approved
Cooke, Mrs.) Frances, granted two days sick leave
in pay period, Nov. 1 to 15, 1918
Crowley, (Mrs.) Mary H., resignation of, and
appointment of successor, approved
Davis, L. B., probationary appointment at $1,500
per annum, approval
Dorsey, in. B., salary increased. from 01,400 to
4,520, effective Jan. 1, 1919
Evans, Mary S., salary increased from 4,200 to
01,400 per annum, effective Jan. 1, 1919
Halo, D. M., resignation accepted
Halsted, John P., salary increased from 01,520 to
01,650 per annum, effective Jan. 1, 1919
Holt, G. Warren, salary increased from 01,400 to
01,600 per annum, effective Jan. I, 1919
1326
10/ a
130
7 /18
7 /i8
1209
1208
12/ 6
11/14
1486
1438
13./ 7
1426
12/ 4
1482
12/20
1542
12/20
11/18
1542
1446
12/20
1542
12/20
1542
Page
Staff of P.R. Board:
Div. of Reports & Statistics: (continued)
Horbett, J. E., salary increased from 01,800 to
12/20
$2,000 per annum, effective Jan. 1st.
Jacobson, Morris, salary increased from $5,400 to
12/20
06,000, effective Jan. 1st.
7/2
Jones, (Miss) M. F., appointment approved
Jones, (Miss) U. F., salary increased to 01,200
12/20
per annum, effective Jan. 1st.
Jones, Susan W., salary increased to $1,320 per
12/20
annum,, effective Jan. 1st.
Lally, Kathleen T., salary increased from ;',1,200
12/20
to ,:)1,320 per annum, effective Jan. 1st.
(probationary)
McFadyen, (Mrs.) Hennie, appointment
8/5
approved
effective
appointment,
UzFadyen, (Urs.) Hennie,
9 /10
Sept. 16th., approved
from
increased
salary
Hennie,
McFadyen, (Mrs.)
01,000 to $1,200 per amaum,effective Jan. lst.12/20
McLindan, Pauline, (ass), salary increased to
12/20
,g,000 per annum, effective Jan. 1st.
Matter, (Iirs.) Laura N., resignation, effective
12/11
Dec. 21st., noted
7 /10
Meacham, (Mrs.) Genevieve, appointment approved
7 /30
Meacham, (Mrs.) Genevieve, salary increased
Meacham, (Mrs.) Genevieve, salary increased to
12/20
01,200 per annum, effective Jan. 1st.
Mitchell, Willis H., salary increased to )1,920
12/20
per annum, effective Jan. 1st.
10/ 1
Montieth, (Miss) Elsie, appointment approved
Montieth, (Miss) Elsie, salary increased to
12/20
$1,320 per annum, effective Jan. 1st.
7 /30
Moore, Julia, salary increased
$1,400
to
Moore, (Miss) Julia, salary increased.
12/20
per annum, effective Jan. 1st.
of,
July
effective
enployment
Morrisette, O. B.,
7 /22
23rd., approved
O'Neill, (Miss) Florence, appointment at 01,200
109
per annum, approved
7 /10
3chmehl, (Miss) E. L., appointment approved
7 /30
Schnehl, (Miss) Esther, salary increased
8chmehl, (Miss) Esther L., salary increased to
12/20
$1,200 per annum, effective Jan. 1st.
Smead, Edw. L., salary increased to $3,300 per
12/20
annum, effective Jan. 1st.
Smith, A. E., salary increased to $2,500 per annum,
12/20
effective Jan. 1st.
1542
1542
1184
1542
1542
1542
1244
1321
1542
1542
1505
1195
1237
1542
1542
1360
1542
1237
1542
1216
1448
1194
1237
1542
1542
1542
CXX
Page
Staff of F. R. Board:
Div. of Reports & Statistics; (continued)
Tracy, J. F., resi.2;nation noted
12/ 6
Effective date of resignation changed from
Dec. 14th. to Dec. 27th., 1918
12/16
Van Fossen, J. R„ salary increased,. from ::).1,800
to 02,250 per annum, effective Jan. 1st.
12/20
Wooden, Dorothy, probationary appointment at 31,000
per annum, approved
12/30
Pa/miners:
See under separate heading.
Gold. Settlement:
Rnerson, R. G., salary increased to 02,700 per
annum, effective Jan. 1st.
12/20
Johnson, Walter A., appointra3nt approved., effective
Sept. 23rd., 1918
9 /19
Johnson, W. A., salary increased to $1,400 per annum,
effective Jai. 1, 1919
12/20
Moore, A. A. appointment as Gold Settlement Clerk
at 01,800 per annum, approved
10/29
Moore, A. A., salary increased, from 01,800 to
02,000 per annum, effective Jan. 1st.
12/20
Gov. Hardingts Offices
Burklin, R. R., resignation as Secretary to the
Governor and as Deputy Fiscal Agent of Board,
tendered and accepted
10/ 1
Eddy, Walter L., appointment as Secretary to the
Gov. at z)2,750 per annum, approved
10/ 1
.
Librarian:
Pollen, (Miss) Mary, appointment approved
7 /16
Pollen, (Miss) Lary, salary increased to1,320 per
annum, effective Jan. 1st.
12/20
Secretary authorized, to appoint, at salary of 01,200
to 01,440 per annum
7 /10
Mall and Files Room:
Aromdroyd, E., appointrent as mail and file clerk 7 / 2
Evans, Elysses S., appointment as assistant in,
approved, effective Oct. 16th
10/ 8
Marvin, (Urs.) LI. W., resignation, effective Aug.5th.,
approved (See also under Mr.liaralints office) 7 / 2
Shea, John V., Jr., recommenda.tical of Committee for
indefinite leave of absence for, with pay,
referred to Gov. with power
12/ 4
Mason, Collins, resignation as stenographer accepted
10/17
Messengers:
Brown, James; adjustnent of pernitted sick leave,
authorized
7 /22
Brown, James, additional sick leave approved for,
with pay
11/14
1488
152.5
1542
1586 •
1542
134°
1542
1410
1542
1369
1369
1206
150
1196
1184
1311
1185
1485
1384
121
°
6
1438
Page
Staff of F. R. Board:
(continued)
Messengers:
10/22
Curtiss, John, appointment at 0840 per annum
11/12
Dyson, Seaton T., appointment at $840 per annum
Employment of additional messenger and increase in
salary of present; memo. by Statistician
9 /25
requesting; referred to Gov. with power
of
Eskridge, Lean, appointment as messenger, Div.
11/19
Reports & Statistics, at $840 per annum
in
messenger
Div.
Greene, Edward, appointment as
of Reports and Statistics, at 3840 per annum 11/14
8/9
Johnson, Carlisle, acceptance of resignation
10/ 1
approved
Johnson, Carlisle, appointment
in
month
per
$10
Johnson, Carlisle, increase of
10/22
salary of, approved
in
telegraph
messenger
as
Ott, T. V., appointment
office at $40 per month, effective Aug. 21st. 8 /27
9 /10
Valentine, Franic, appointment approved
Mr. Hamlin's Office:
Holt, (Miss) Norma, appointment approved as
9/6
stenographer, effective Sept. 9th.
Marvin, (Mrs.) L. W., resignation, effective August
5th., approved(Seo also under Mail & Files
7/2
Room)
Mr. Miller's Office:
Reed, J. L., granting of $120 increase per annum,
7 /30
approved, subject to approval by Mr. Miller
Reed, J. L., increase in salary from 32,000 to $2,500
9 /12
per annum, effective Oct. 1st., approved
Reed, J. L., salary increased from $2,500 to $2,700
12/23
per annum, effective Jan. 1, 1919
Smithson, George B., salary fixed at .P0, instead
7 /18
of 085, per month, from July 1st.
re
Smithson, George; statement by Ni'. Miller
8/6
employment of,
Mr. Strauss' Office:
McGrath, Leona A., appointment as stenographer at
01,440 per annum, plus 0120 statutory
11/ 8
increase, approved
at
02,500
secretary
private
appointed
P.,
J.
Moore,
10/29
per annum
Pay-roll; Gov. authorized to make such additions to,
as are required by recent legislation of Congress;
7 /30
effective July 1st.
Quarters:
Securing of centralized; Gov, authorized to take up
12/30
question re, with Secretary of the Treasury
1395
1434
1347
1447-48
1439
1264
1360
1395
1297
1321
1313
1183
3.237
1327
1551
1209
1252
1429
1410
1233-34
1565
Page.
Staff of F. R. Board:
Salaries: (General)
Effect of new law in re Govt. salariest on salaries
of F. R. Board; Secretary directed to request
Counsel for opinion re,
7 /13
Effect of recent legislation by Congress on; report
of Committee outlining,
7 /18
Effect of recent legislation by Congress on salaries
of Board's staff; memo. of Counsel re,
7 /29
Gov. authorized to make such additions to, as
required by recent legislation of Congress
7 /30
Opinion of Counsel re application of Act of July 3,
1918 to,
8/1
Salaries of private secretaries; restriction upon increases
of, adopted by Board June 29, 1918, waived
12/23
Secretary:
Broderick, J. A., appointment as, affective Sept. 1,
1918, approved, and duties outlined
8 /13
Broderick, J. A., elected as Acting, effective Aug. 1,
pending final selection
7 /16
Broderick, J. A., salary fixed at $10,000, effective
Jan. 1, 1919
12/23
Willis, Dr. H. Parker, question of suitable acknawledgment
of service of, referred to Executive Committee', /16
Willis, Dr. H. Parker; relieved. of regular duty at
close of business, July 31st.
7 /16
Willis, LT. H. Parker; resignation as Secretary
accepted, effective Aug. 31st.
7 /16
Willis, Dr. H. Parker; resolution of Board expressing
appreciation of service rendered by, and regret
at resignation of, as Secretary
7 /30
Secretary's Office:
Adelson, L. C„ Asst. Secretary, salary fixed at
$6,000 per annum, effective Sept. 1st.
7 /16
Chapman, W. T., detailed temporarily from office
of Vice-Governor to office of Acting Secretary8/ 6
Chapman, W. T., appointed as Assistant to Secretary
pending determination of future status with
Board
8 /13
Chapman, VI. T., appointed Assistant Secretary at
$3,600 per annum
8 /27
Chapman, W. T., salary increased from $3,600 to
04,500 per annum
11/20
Curran, (Miss) Marion, appointment approved
8 /20
Huey, (Liss) Leila, appointment approved, effective
August 12th.
8 /13
Hutton, (Mrs.) J. A„ resignation, effective July 31st.
approved
7 /24
1196
lac .
1251
125
0
1240
Oa
1266
1204
1561
10)4
1204
120
°
1254
1204
1263
1269
1296
146Z
1266
1211
120p
Page
Staff of F. R. Board:
Secretary's Office: (continued)
Hutton, (Mrs.) J. A., appointment (temporary)
a /1
.
at present salary, approved
effective
approved,
appointment
Hutton, (Mrs.) J. A.,
a Ao
Sept. 3rd.
submitted
and
resignation
Hutton, (Mrs.) J. A.,
9 /27
accepted
July
effective
25th.,
resignation,
Jett, C. R.,
7 /16
accepted
from
01,500
to
increased
llorey, Esther, salary
12/20
‘1,560 per annum, effective Jan. 1, 1919
for
leave
application
C.,
Lulu
Richardson, (Ill's.)
with pay for emergency relief work in connection
10/22
with Spanish Influenza epidemic, approved
Schminn, (Miss) Ida, appointment as stenographer at
11/18
01,320 per annum, approved
Westergren, Ruth A., appointment as stenographer
10/ 8
approved, effective Oct. 9th.., 1918
White, Fred H., appointment, effective July 25th.,
7 /24
approved
White, Fred H., salary increased from U,320 to
12/x
per annum, effective Jan. 1, 1919
.4
,)1,500
Telephone Operator:
Clarridge, (Miss) Violet, appointment at ::640 per
10/10
annum, VI) succeed La's. Pauline Tippett
Tibbetts, (Mrs.) Pauline, status of, referred to
10/ 1
Executive Committeo with power
State Bankers' Association:
Activity of State bankers in forming, to resist alleged
encroachments by F. R. Systan; menu. of Counsel
7/2
re, noted
FRAgent
Purpose of newly organized; letter from
7 /25
Wills re,
Stabs Banks & Trust Companies:
See also Membership in F. R. System
State Banks & Trust Companies: (See also Auxiliary Minute Book)
Entrance into FRS:
Alliance Bank Co. of Alliance, Ohio; waiver of
certain conditions of membership of,approved
9 /25
upon recommendation of RAgent Wills
Celeste Jtate Bank of Celeste, Te2as; letter from
7 /23
FRAgent Ramsey re application of,
Citizens Bank of Clovis, New Mexico; letter fram
FRAgent Ramsay re application of; agreed to
7 /23
base population estimates on last census
1241
1285
1349
1205
1542
1394
1445
1371
1220
1542
1374
1359
1183
1223
1347
1218
1219
CXX.IV
State Banks & Trust Companies: (continued)
Entrance into IS:
Fannin County Bank, Bonham, Texas; application of,
with memo. by Secretary and Counsel in re
conditions of membership; admitted. an
general conditions only
11/22
First State Bank of Abilene, Texas; application of,
with correspondence from FRAgent Ramsey re;
ordered conditions of membership heretofore
imposed not be waived
a /20
Merchants & Savings Bank of Kenosha, Wis., application
for membership considered; voted to admit bank
upon condition that it agree to reduce dividends
to cl; and apply surplus earnings to reduction
of book value of investment securities
9/3
Report submitted by Gov. Harding & Mr. Hamlin
recommending admission of State institutions, as
set forth in auxiliary minute book of date
8 /16
Second Ward Bank of Milwaukee, Wis., application
approved, subject to conditions named by
Committee
7 /8
State banks soliciting membership; letter to FRBanks
suggesting request be made of, for no public
announcements until after formal approval of
applications by Board
9 /4
The Lodi Trust Co., Lodi, N. J.; repot of Committee
re-approving admission on terms already named 7 /10
The Utah Savings & Trust Co., approved
7/3
Union Trust co. of Providence, R. I., memo. of Er.
Hamlin in re application of, for membership;
approved upon conditions stated
9 /4
Letter from Board to, requesting copies of acceptance
agreements, authorized for transmission
7 /19
Memo. of Counsel re activity of State bankers in forming
an association of State banks to resist alleged encroachments by F. R. System; noted
7/2
State Banks in California:
Law requiring carryin2: of percentage of reserves In gold
or legal tender notes by; statement by Mr. Miller
re, and recommending that endeavor be made to have
bmikR deliver gold notes to MBank of San Francisco
In exchange for legal tender notes; recommendation
approved
8/8
State Councils of Defense:
Letter from Grosvenor Clarkson, Director of Field Div.
of Council of Nat. Defense, re availability of
organizations of,
11/12
1458
'
49
1264
130°5
1278
119°
1306°1
1196
1181
1306
1215
1185
1261
1431
ClaV
Page
State Member Banks:
Condition of, holding deposits of Emergency Fleet
Corporation; letter from Vice President Coonley
of Corporation asking cooperation of Board in
8 /16
securing,
Statements from borrowers; letter from F. R. Bank of
a /1
New York re,
See Jacobson, Morris L.
Statistician:
Stock:
Asia Banking Corporation; letters accepting requirements
of Board for rendering stock eligible for purchase
by national banks under Section 25 of P. R. Act;
9/6
Comptroller to be notified
Book)
Minute
Auxiliary
Changes in,at F. R. Banks: (See
International Banking Corporation:
Statement requested of Board by, as to requirements
necessary to render stock eligible for purchase
by national banks under provision of Section 25
8 /20
of F. R. Act; reply approved
9 /17
Letter accepting requirements; noted
Mercantile Bank of the Americas; purchase of additional
stock of, by National Shawmut Bank, Boston,
10/22
approved
National City Bank of New York granted permission to
invest not exceeding la;., of paid in capital stock
and surplus in stock of International Banking
9 /17
Corporation
New York institutions; investment by, in stock of
discount company; letter from Daputy Gov. of MBank
8 /20
of New York and reply of Gov. Harding re,
Tri-State Loan & Trust Co., inquiry re holding of stock
by, in land bank it is to organize; voted to approve
9 /10
such holding
Stockgrowers Bank, Ft. Pierre, South Dakota:
Letter from President Millett of, forwarded by Senator
E. S. Johnston, re Treasury certificates purchased
by banks in agricultural and stock raising sections,
a /9
also re discount rates of F. R. Banks
Strauss, Albert:
Desination of, by the President, as Vice-Governor of.
10/29
F. R. Board
re
purchase
Strong
Gov.
from
letter
transmitting
Memo. of,
7 /25
of 60,000,000 pesetas for Govt. account
re
by,
Reports
Absorption by FRBank of Philadelphia of certain
expenses of District Capital Issues Committee;
11/14
acted upon
1278
1239
1311
1281
1332
1392
1332;1335-36
1282
1317
1261
1406
1224
1436
CXXV'I
Strauss, Albert, Vice-Gov., F. R. Board: (continued)
Reports by, re
Increases in salaries and bonuses to officers and
employees of YRBank of New York, recommended
in letter of L. Peabody; recommendations
approved with modifications
12/13
Sveriges Riksbank, Stockholm, Sweden:
Application of MBank of New York to appoint, its Agent
in Sweden, and for permission for each bank to
open and maintain a banking account with the other;
granted, subject to ratification at next meeting
of Board
9 /5
Ratified by P. R. Board
9 /10
Silver medallion received from, aommemorattng 250th.
anniversary; voted members of Board contribute,
privately, to medallion commemorating administration
of Woodraa Wilson and forward to bank
11/22
Taxation:
Stamp taxes on trade acceptances; letter from FRAgent
Wills re,
7/3
Telegraph Operators at F. R. Banks:
Salaries:
Increase in salaries of four operators at Chicago
from 41,500 to 01,680 per annum, recommended
by Committee; referred to Mr. Miller
10/29
Regulation of; report of Committee re,approved
12/ 9
Status of; letter from FRAgent Perrin inquiring
re
7/13
Telegraph Operators, Leased Wire System:
Additional operator at 3140 per month, appointment
of, approved
10/16
Adoption by Board of 4140 per month as fair compensation
for operators
a /22
Appointment of successor to D. T. Wilson, at salary of
0140 per month, approved
a /22
Blake, A. D.; Gov. authorized to approve affidavit in
support of claim of, for deferred military
classification
lo/ 1
Blake, A. D., operator at Washington, salary increased
from 4
4 125 to 0140 per monthoffective Sept. 1st.
8 /22
Extra compensation for operators at Washington for year
1918; memo. of Asst. Sec. Adelson recaranending,
compensation approved
12/31
Ford, E. M., temporary appointment as operator,approved 12/20
Hopp, F. P., appointment at 0140 per month as operator
in Washington office, approved
10/31
Jenkins, R. E., temporary appointment at 0140 per
month, approved
12/ 9
Pace
Telegraph Operators, Leased Wire System: (continued)
:looney, J. J., salary increased from $2,100 to )2,300
12/20
per annum, effective Jan. 1st.
Eulranen, E. T., operator at Washington, salary increased
from 0125 to )140 per month, effective Sept. 1st. 8 /22
Ott, H. Li., appointment at :)140 per month as operator in
10/31
Washington office, approved
Salaries; increase in, of four operators in Chicago
10/31
office from )1,500 to $1,680 per annum
increased
Wyly, G. H., operator at Washington, salary
from 0125 to )140 per month, effective Sept. 1st. 8 /22
Telegraph Service between F. R. Banks:
See Leased Wire System:
Telephone Service, Div. of Foreign ranhange:
Contracts for; letter from Director of Div. of Foreign
Exchange transmitting for approval three; contracts
9/6
approved, subject to review by Counsel
Texas Bankers' Association:
Telegram from, re measures for relief of cotton situation;
matter referred to Treasury Dept. & War Industries
11/ 7
Board
Co.
Tobacco
The American
Letter from President Hill of, re eligibility for rediscount of certain 90-day acceptances secured by
deposit of leaf tobacco, with commitment on part of
bankers to renew; together with opinion by Counsel9 / 6
Decision by Board not to permit renewal of above
9 /17
acceptances, and Gov. to 30 notify
The National City Bank of New York:
See under National City Bank of New York
"The West at Work" publication:
Telegram from, requesting information in re national
11/18
debts; Secretary instructed to reply
Traction Engines:
Banks discouraging purchases of; letter from W. L.
a /6
Cleveland & Co. of Los Angeles, California, re,
Trade Acceptance Inquiry:
Plan of investigation of; letter from Dr. Willis stating;
10/26
plan approved
Transfer Drafts:
See under Drafts
Transfers:
Payment by Falinnks of expense incident to transfers of
currency to and from said hanks; synopsis of
10/17
responses to Board's letter of Oct. 2nd. re,
Synopsis of responses to Board's latter of Sept. 20th.
re FRBanks paying charges incident to transfers
between their banks and member banks, of currency &
lo/ 1
securities pledged for loans, postage, etc.
1540
1289
1417
1417
1289
1311
1425
1311-12
1330
1443-44
1249
1401
1383
1355
Page
Transit & Audit Officers:
Conference of; telegram to Governors of RBanks calling,
for about Nov. 11th. in Chicago; approved.
10/22
Traveling Expenses of Board Members:
Reimbursement by Board of traveling expenses incurred on
behalf of Fourth Liberty Loan, approved
10/ 1
Treasurer of the United States:
Letter from,
Submitting list of banks offering bonds for sale for
quarter ending Sept. 30, 1918
9 /25
Transmitting list of applications for sale of bonds
under Section 18 of RAct for quarter ending
Dec. 31, 1918; voted no allotments be made
12/23
Treasury Certificates:
See Certificates of Indebtedness
Treasury's General Account:
Special certificates purchased to cover debit balance
in; memo. of Secretary re,
10/26
Tri-State Loan & Trust Co.
Holding of stock by, in land bank it is to organize;
inquiry re; voted to approve such holding
9 /10
Trowbridge, Alexander B., Architect; employment of, by FR/3=k
of New York for period of year, approved.
7 /15
Trust Companies at Hartford, Conn.; authorization of Mr. Hamlin
to visit Hartford for purpose of consulting vith,
8 /22
Turkish Banking Reserves:
Status of, and related questions affecting financial
situation in Turkey; authority invested In Dr.
H. P. Willis to compile,
11/15
Type Analysis-Finandial Statements; letter from Alexander
Wall re, referred to Dr. Willis
8 /20
Ukranian Banking Reserves:
Status of, and related questions affecting financial
situation in Ukrania; authority invested in Dr.
H. P. Willis to compile,
11/15
Unessential Industries:
Land speculation as one of; suggested reply to Dysart
Savings Bank no,
7 /22
Uniform Accounting:
Reprint of 5,000 copies of pamphlet an, approved
7 /19
Reproduction of Board's pamphlet on; letter from
International Accountants' Society, Tanner-Gilman
Schools, Inc., Chicago, requesting; no objection
8 /20
Union Savings & Trust Co., Seattle, Washington:
Memo. of Counsel in re application of, to convert into
Union National Bank of Seattle, with authority to
exercise trust powers; acted upon
11/27
U. 3. Council of State Banking Associations' circularaetter from
Counsel re; Counsel instructed to prepare amendnent to
FRAct in re action by Board on applications for membership
from State banks
11/18
139°
1357
1549,
1403
1317
120°
1289
144°
1285
1440
1216
1214
128
°
1466
140
,
i
CaLK,
Page
U. S. Food Administration Grain Corporation:
Financing operations of; letter from E. R. Eenzel
10/ 3
of FRBank of New York re,
Proposed acceptance credits for; communication from
FRA,gent Jay & Gov. Wold re, and opinion by
9 /17
Counsel
U. S. Railroad Administration:
Meno. of General Catinnel of, re liability of Railroad
Administration for damages on bills of lading;ordered
8 /27
published in Bulletin after review by Counsel
7aUce, John L., Citizens Trust & Savings Bank; letter to,
approved for transmission7 /26
4. L. Cleveland & Co., Los Angeles, Cal.; letter from, re
8/6
banks discouraging purchases of traction engines
Walker, Burnett; account of, for )34.75, approved upon
12/27
recommendation of Secretary
aall, Alexander:
Letter from, re type analysis-financial statements;
8 /20
referred to Dr. Allis
credit
national
of
establishment
liene. of, proposing
bureau for analysis of credits, with memo. thereon
by Messrs. Willis, Broderick and Jacobson; docketed
9 47
for Sept. 19th.
Dr. Willis authorized to confer with Ur. Wall
and officers of RBank of New York to see if
possible to arrange for brief trial of
9 /19
plan suggested
Plan of, for making analysis of statements submitted by
sellers of commercial paper with view to establishing series of indexes to guide in its purchase;
10/18
trial of, recommended by Dr. Willis
War Finance Corporation:
Intention of Gov. and FRAgent of Kansas City to submit
bills against, for attending meetings of Kansas
City Cattle Loan Agency; statement. by Gov. Harding
re; voted officers of Board and FRBanks not entitled
to extra compensation for duties performed for other
10/22
governmental agencies
re;
agreed
Harding
Gov.
by
statement
Need of space by;
to give temporary use of office occupied by Asst.
7 /10
Counsel Harrison to Counsel of, .
trust
and
companies,
banks
to
advances
re
in,
Situation
also policy adopted in referring applications to
7 /19
local FRBanks; statement by Gov. Harding re,
Statement by Gov. Harding re request made by him as
Director of, that FRBanks act as Fiscal Agents in
connection with advances made to banks to meet
agricultural and stock raising requirements;together
8/8
with letter from Gov. Seay commenting upon plan
1364
1329
1296
1226
1249
1558
1283
1329
1337
1385
1388-89
1193
1212
1259
rage
71ar Industries Board.:
Agreement reached with, to discontinua granting of licenses
for export of gold to pay Mexican duties on miscellaneous exports; statement by Mr. *Warburg re,
/6
Letter from Charles A. Otis of, re formation of War Boards
with representation thereon of RBanks, presented
and ordered circulated.
11/12
'jar Loan Organizat Um:
Director; memo. from, to Asst. Secretary Leffingwell, re
Treasury Dept. assuming one-hrlif cost of new direct
private wire to Chicago; approved.
9 /17
War Savings Campaiga:
Jay, Pierre, FR.Agent, New York, uanted permission to
spend. whatever time necessary in Washington in
connection with work of,
9 /10
War Savings Certificates:
Protest from Gov. Puncher of order of Asst. Secretary of
Treasury that FRBanks receive, destroy, and. account for;
referred to Gov. for consultation with Asst. Secretary
Leffine;we11
12/30
War Trade Board.:
Agreement reached with, to discontinue granting of licenses
for export of gold. to pay Mexican duties on miscellaneous. exports; statement by Mr. Warburg re,
8/6
'Warburg, Paul M., Licanber of F. R. Boards
Draft of letter proposed by, for transmission to 11:1Agent
at San Francisco; approved
7 /is
Memo. of, re figuring and. reporting reserve against deposits
and F.R.notes, submitted. as basis for circular
3/5
/demo. of, recommending changes in method of stating
reserve, with draft of confidential letter for
forwarding FRBanba
8/6
Retirement of, from membership on Board; resolution expressing sentiment of Board. upon, adopted and, engrossed copy ordered presented to Mr. Warburg
a /9
Warehouse Receipts:
Guaranty Trust Co. of New York; letter from, re custodian
of goods stored in warehouse of borrower against
which drafts are to be drawn under Section 13 of
FRAct; also memo. of Counsel re,
a /13
Homeway Process Fruit Co*, warehouse receipts issued by;
Letter from P. R. Agent Austin re,
7 /25
Memo. of Counsel re, approved
7 /26
Watson Manufacturing Co. of Jamestown, New York,:
Letters from, re
Calling of loans by bankers, proposing moratorium
prohibiting,
9 /25
Non-essential industries; relief measures on behalf
of meritorious,
9 /12
1PA6
1431
1328
1316
150
1246
1196
1%4
1249
126SAT
1270
1225
1226
1344
132
°
1
Page
17eeklY Statement of F. R. Board:
8/8
Changes in, recommended by Mr. Jacobson, approved
of
memo.
in;
appearing
Item "Bills Discounted"
9 /19
statistician recommending subdivision of,
Dept.
War
Branch,
Historical
I7seks, (Lieut.-Col.) C. W.,
Cooperation of official of Board with his branch in
study of history of participation by the U. S.
in present war requested by; Dr. H. P. Willis
a /9
designated to represent Board
Louis:
St.
of
Bank
Wells, Rolla, Gov., F. R.
Insistence by, of acceptance of resignation; advice re, 12/23
Whitaker & Co. of St. Louis:
Suggestion by, for campaign by member banks for protection
of holdera of Liberty Loan bonds against fraudulent
10/31
advertisemnts
White & Case, New York; opinion of, in re fiduciary powers
exercised by corporations comneting with national banks
11/27
in New York, New Jersey, and. Conn.
N.
Y.
Buffalo,
'Wholesale Merchants & Manufacturers' Association of
at
Invitation from, for attendance of Gov. Harding
11/12
annual banquet
1111, John A., F. R. Examiner:
7/8
Acccrptance of appointment as F. R. Elmminer
Exchange
Railway
in
office
Approval of contract for lease of
10/31
Building at St. Louis requested by; approved
'William cha11 & Co.,of New York City:
Right of member banks to accept drafts drawn by International
Products Co. of New York under credit to be opened by;
Letter from FRAgent Jay & opinion of Counsel re,9 /17
9 /19
Opinion of Counsel approved
to
referred
and
submitted
Revised statemccat
10/ 3
Counsel
York
New
of
RBank
to
Harding
Gov.
Letter from
10/10
re, approved.
10/17
Opinion of Counsel re, approved.
Letter from Counsel re criticism of opinion
10/26
rendored in re,
Report by Gov. Harding of removal of legal
objections to approval by Board of credit
11/18
desired
approving
letter
Counsel instructed to prepare
credit and outlining conditions under which
11/1S
same shall be consummated
Army:
S.
Williams, C. C., Major General, Chief of Ordnance, U.
Letter from, stating machinery desired for completion
of Atlanta vault, is necessary for use by
8/5
Ordnance Dept.
1257
1339
1262
1554
1415
1469
1432
1190
1416
7
39
132
13
1364
1372
1382
1402
1442
1442
1244
Page
Williams, John Jlteltan:
See Comptroller of the Currency
Willis, Dr. H. Parker:
Authority invested in, to compile status of Balkan, Belgian
Polish, Turkish, and Ukranian banking reserves, with
related questions affecting financial situation
in these countries
11/15
Designation of, to represent Board in studying history
of participation of U. S. in present war, in
connection with Historical Branch of War Dept.
8/9
Letter from, recommending
Trial of plan of Mr. Alexarder Wall for making
analysis of statemonts submitted by sellers
of commercial paper with view to establishing
series of indexes to guide in its purchase,
approved
lo/la
Relieved of regular duty as Secretary of Board at close
of business July 31st.
7 /16
Resignation as Secretary of Board accepted,effective
August 31st.
7 /16
Resolution of Board expressing appreciation of services
rendered by, and regret at resignation as
Secretary
7 /30
Suitable acknomaedgment of service of; question re,
referred to Executive Committee
7 /16
Wilmeth, James L.
See under Bureau of Engraving & Printing
Wilson,(President)Woodraw:
Communication from, designating Ur. Albert Strauss as
Vice-Governor of F. R. Board
10/29
Letter from, to Gov. Harding, re propaganda instituted
by Journal of American Bankers' Association in favor
of raising interest rates, and stating that, in
his opinion, this is the very time to resist such
tendencies; noted
9 /10
Wing, D. G.; letter from, re draft status of branch employees
of First National Bank of Boston at Buenos Ayres
7 /19
Woodward Building; letter from R. W. Beall offering for sale
to Board, and reply of Gov. Harding, presented
10/17
Wright, Moorhead, of Little Rock, Ark.; letter from, ro
establishment of Branch Bank at Little Rock
7 /25
Wright & Hemingway; telegram from, stating adoption of
resolution by Little Rock Clearing House to have Branch
at Little Rock, if established, take over management of
clearing house and examine local banks
9 /4
140
126g
1386
1204
1204
1234
1204
1406
r
3.0
138g
1223
1301
it
@FedFRASER