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IA a special meetina- of the Federal :eserve Board, Acid in the office of the lovernor at 3.00 on ednes- day, Lst 15, presidin , 7ardin:;, r. ,illiarns, :Ir. Hamlin, . vlllis, 1,eoretary. .,leports'of the Jommittee on ::embersaip with reference to the ad:aission of L;tate institltions arplyins for me-lbership in the ?edcral deserve Jystem were presented, aad after consideration reports favorin:; ,._dmissioh of the following institutions :iere approved, and the institatdoLs accordir<31:,7 ordered admitted: Ilibernia Trust Jomr,anu, Yew Orleans, Louisiana, littumwa 3avings Dank, Ottumwa, in. Peoples E,avinjs Bank Trust ,)o., Jhase city, Va. report of the 2ommittee on "rastee Powers, with reference to applications for such power's, was presented, and on motion, approved, action being accordingly taken as follows. 1. 3. 4. 44pp1ications for po-er as trustee, e-_,ecutor achninistrator, re,;istrar of stocks and bonds, approved: Dist. Tenison rational. Bank, Dallas, Texas. 11 Myerstown flational Lank, 1:,,Terstown, Pa. 2irst rational Bank, Buffalo, ,:;yomin2;, 10 anufLt.ctarers rational Bank, Lynn, 1 4plications for power as trustee, executor, administrator, approved: 1. 2. 3. Dist. 7 nch. Harbor, Benton Bank, Famers & :erchants Nat'l 1 , ass. Edgartown Edgartown National Bank, 10 First rational Bank, Luray, Kansas, applications for power as trustee only, unproved: 1. German National Bank of 4,11egheny, PittsourL;h,Pa. 4 ITplications for power as registrar only, approved: 1. First rational Bank, Canton, Ohio. '4.13p1ications held pending receipt of reports of subsequent examinations: 1. Farmers National Bank, Ponca City, Okla. 2. First National Sank, Roswell, N.1.1.: 3. -Central National Bank, Battle Creek, 'Lich. 4. First National Bank, Williamsport, Pa. . 5. Norfolk National Bank, Norfolk, Nebraska, 10 11 7 6 10 Changes in capital stock at Federal Reserve Bunks were, on recommendation of the Committee on Ilembership, approved as follows: ipplications for surrender of stock. 1. DistrictNo.__ Norwood rational Bank, Rochester rational Bank First rational Bank ' District No. 2. First National BankCitizens rational Bank . Norwood, .1s. . Rochester, 1.11. Viiscasset, 1.1e. Friendship, Friendship, N.Y. Shares. 120 . 60 36 216 69 60 129 .41pp1ications for surrender of stock (Jon.) District No. 3. First National Bank 'Beaver Sprins,Pa. District No. 4. First National Bank I,:etropolitan National Bank Cadiz, Ohio Pittsburgh, Pa. District No. 6. First National Bank Citizens National Bank Edwardsville, Ill. Llonticello, Ey. District No. 10. First rational Bank First rational Bank National Bank Center, Colo. Paonia, Colo. foteau, Okla. Shares 15 15 5 15 20 120 12 132 7 5 4 16 528 .pplications for additional stock. District No. 1. Deep Aiver rational Bank First National Bank Citizens National Bank Powow River National Bank Peoples Nati Bank of loxbury First National Bank Peoples National Bank Deep River, Jonn.. Hartford, jonn. ;- ;aterbury, ilmesbury, Boston, ::ass Boston, ..:ass. ltarlboro, District No. 2. First National Bank First National Bank First National Bank Brasher Falls National Bank First National Bank Callicoon National Bank Cherry Creek National Bank Cornwall National Bank First National Bank First National Bank First National Bank loshen National Bank idexandria Bay, N.Y. mityville, N.Y. . y1e, N.Y. 1:/. Brasher rJ'alls Brewst(!rs, N.Y. j,allicoon, N.Y. Cherry Creek, N.Y. Cornwall, N.Y. East Rochester, N.Y. Farmingdale, N.Y. Freeport, N.Y. aoshen, 6 30 30 6 60 4500 15 4647 24 6 1 3 1 3 1 3 .1,.pp1icutions for additional stock. (Jon) 15 Lwedish 1.rlerioan National Bank aenesee River rational Bank First National Bank Redwood National.Bank First rational Bark Farmers National Bank First rational Bank Cititens rational Bank First National Bank ITnadilla National Bank Jefferson Joanty National Bank Citizens National Bank First National Bank First National Bank First National Bank First National Bank Verona National Bank Jamestown, .N.Y. . Mount Norris, N.Y. Norfolk, N.Y. Redwood,, N.Y. Ripley, N.Y. Rome, N.Y. Roscoe,.7.Y. Sprinsville, Tuckahoe, N.Y. Unadilla,:r.Y., Watertown, Wellsville, N.Y. Lyndhurst, N.J. Milltown, L.2. Pompton Lakes,. N.J. South River, 7.0 Verona, N.J. District No. 4. First National Bank First National Bank First National Bank First National Bank National City Bank City National Bank Central National Bank First National Bank First National Bank Lational Bank of Dennison National Bank First National Bank First rational Bank First National Bank :lerchants National Bank First Laticmal Bank 1:onroe National Bank First National Bank do First National Bank First National Bank Paulding National Bank First National Bank 1 .,Aitesburs, Ky. 30 Ilshland, Ohio Batavia, Ohio Ohesterhill, Ohio 330 Cleveland, Ohio 9 Jolambas, (U.o 1 Columbus, Ohio .300 Cleveland, Ohio Dunkirk, Ohio, 3 Delphos, Ohio 9 Dennison, Ohio 1 Grove City, unio 2 Ironton, Ohio 1 Kinc;ston, Ohio Z10 , Ohio „lassillon 1 Lt.liashinton, Ohio :.onroe, Ohio Lew Vienna, Ohio do NO. Baltimore, Ohio Norwood, Ohio Pauldins, Ohio Pitsbarj, Ohio 1 3 1 15 6 1 60 6 3 5 18 6 3u0 Tplications for Ldditional Stock. (Jon. Citizens rational Bank :Zipley rational Bank First rational Bank Farmers National Bank Peoples National Bank Commercial National Bank Second National Bank First National Bank Second rational Bank Peoples National Bank National Bank of Peoples National Bank First National Bank Clarion County National Bank :arine National Bank First National Bank Homer City rational Bank First National Bank western National Bank First National Bank Sligo rational Bank First rational Bank First rational Bank District No. 5. :Tenry rational Bank First Nati Bank of St. :.:ary's Poolesville National Bank :Slkin National Bank 'first National Bank First National Bank First National Bank Union National Bank First National Bank Bank of Charleston, First National Bank American National Bank First National Bank Marshall National Bank First rational Bank Seaboard National Bank 15 Piciaa, Ohio Aipley, Ohio 3 Shelby, Ohio 3 Springfield, Ohio 9 Steabenville, Ohio 9 Tiffin, Ohio 600 Toledo, Oaio 7pper Sandusky, Oaio 114 warren, Ohio 6 wellsville, Ohio JO Jlaysville, 7a. 3 Clintonvillet Pa. Donora, Pa. sdenuar3 . (P.0.Knox)Pa. 15 JO E - rie, Pa. 1 Pa. Fairchance, 1 Pa. City, Homer 6 Kensington, New 60 Pittsburgh, Pa, 15 Sharon, Pa. 3 Sligo, Pa. 6 Stoneboro, Pa. 11 1L60 Aodlawn, ?a. bbevil1e, .la. Leonardtown, Toolesville, Ld. r.J. Kings L:ountain, Shelby, N.J. Batesbar3, S.C. Columbia, S.J. Fairfa2;., S.C. Charleston, • V:agener, Danville, Va. Danville, Va. Marshall, Va. Norfolk, Va. 5 1 3 17 60 40 1 120 4 41 160 1 9 9 44plications for Additional stock (eon.) 5. District Bank National 2irst National Bank of First National Bank Murk National Bank District No. 6. Henry National Bank First National Bank First National Bank 'Selma National Bank First National Bank National 'City Bank do do do First National Bank First National Bank First National Bank Bibb National Bank do First National Bank Ander National Bank First National Bank 7hoenix National Bank East Tennessee National Bank Broaday National Bank Onanoock, Va. Uranc;e, V4. Northfork, 4. Va. :orthfork, Va. 9 15 39 2 059 a. Panama City, Fla. (3amson, 4la. Lakeland, -Fla. Tampa, Fla. do. do do Commerce, Ga.11berton, Ga. Jackson, Ga. eon, Ga. do I.:adison, Ander, Ga. Chattanoosa, Tenn. Columbia, Tenn. Knoxville, Tenn. Nashville, Tenn. 3 3 3 10 15 22 16 19 13 Goveruior Harding read L., draft of 11 7 1 1,50 120 3J 449 774.) lar 1 in- tended to be transmitted to 7'ederal Reserve Banks with reference to tkle sale of acceptances by one Federal Reserve Bank to another Federal Reserve Bank. On motion the letter was approved and ordered transmitted. memorandum prepared by the Division of tatisticô with reference to the dates of call and compilation of the reports of ;:tdte melber b. nl,s, S on motion referred to the Conittee on 2 tdit The cse of -. smith, amwnber of the Board's st ff, who e2,:pects.to enter the Officers eserve Camp, zit ?t. cri- dall, Ill., was presented to the Board, and on motion it ws voted that his place in the Board's stff be held open pending the result of his traininr in the reserve camp, or for three months. eserve Correspondence between the ?ederal ;ent at _tlanta, and the , - qrst National Bank, of 74avonia, la., with reference to obtainino; statements from borroders, and a letter transmitted by the qoverLor of the Board to trio .tlanta Ban, was read. The letter alrtady cent was approved and it s voted that an add itional letter callin7 attention to the necessity of re,lairin,i; statements be transmitted. letter from ?,overnor :old with reference to disloyalty to the qovernment in the 9th :edcral eserve District was presented and on motion referred to the qovernor of the Board for sach iction as he _I ht deem best. letter from 17ederal aecerve nemorandam by :ellborn inclosiL-7 ,;aslier ?ike, with reference to the rnishin:-; of carrency in sufficient ,.a:ntities at the Pew Orleans Branch d,rin:s the crop novins. period, was read and on motion referred to the Governor of the Bonrd for consultation with -ssistant Secretary of the Treasury Crosby. 11 report of the Jommittee on Staff, dated Lugust 10, favorable to certain increases in salary at the 3ederal Reserve Bank of cdevela.id, was presented and on motion approved and the increase accordingly authoried. An informal report of the Jommittee on Staff favorin certain increases in salary at the itlanta Bank, as proposed in a letter received from"federal Reserve 4,_;-ent Jellborn under date of Lu;,3ust 11, was presented and on motion approved, Lrd the increase accordingly authorized. A letter from H. 1:cTyer, of the Tirvt National ; power to act as director , Bank of Bainbridse, la., re,luestin: in certain specified institutions was on motion referred to the ,1;ommittee on the Clayton Act. ?or-As of oaths executed by the directors of the Spokane Branch of the Federal Reserve Bank of Sun Francisco, were, on motion, referred to counsel for arproval. The status of the City of L:harleston as a reserve city and the question whether it could be released from this status was, on motion, referred to 71% Delano as Chairman of the Special Committee on Reserve cities. Upon favorable report of the Committee on Investments, the rational Shawmut Bank of Boston was authorized to accept drafts under the 7ederal Reserve Act, drawn by bankers in South and Oentral ,.,merican countries to create dollar exch:,xne. On motion, at 3.40 p.m., the ;-)oL,rd .2PROVED: Score Chairman. djOLI med.
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