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275 1) a regular meeting of the Federal heserve Board held in the office of the Board on ,lucust lEith at 11;25 Er. 1.:r. Harding, presidiwr, Llr. Broderick, „cting 2,ecrutary. Hamlin Lr. of the Board held on 4.ugust The minutes of the meet in ed. 1th were read and on motion approved, as bzlend ttee The minutes of the meeting of the ,;:.ecutive Commi and the action thereheld on August 1/.1..th were read and approved, in set forth ratified. t Cosmittee The minutes of the meetings of the Gold 1.;,i.pur ved, and the held on ,,ugust 14th and 15th were ?resented and appro action therein set forth ratified. in receipt of a Governor Harding announcea that he was letter from the Pro.,ident, dated ugust 12th, desi:natin: the period of one as Governor of the Federal 1,eserve Board for ordered. year from said date, or until otherwise disposed of as horning business was presented and follows: received from hodorts with respect to discount rates itlanta,t. Louis, the Federal heserve Banks of Kansas City, hichmond and 2hiladelphia Boston, Dallas, 2.1inreapo1is, Cleveland, were presented; no chant:es recommended. n, Vice .resident Letter dated August 14th from J. T. Fulto ,212I6 of Yational City Bank with reference to proposed application entire capital of that Bank for permission to ,)urchase the submitting stock of the International Banking Corporation and ational a copy of suggested agreement to be filed by the Intern e Board. Banking Corporation with the Federal T:eserv The form ted was approved of agreement with the modifications sugges by the Board. Papers referred to the Governor. during the (La'. :jaliams withdrew from the meeting discussion of this matter). - ust 13th, from iuderal Reserve ;cent Letter, dated 1.1,s d Mr. M. B. at Chicago, in re election of Director to succee Hutchison, deceased. Voted unnecessary to hold special elec- tion in view of approaching regular election. of Omaha Letter dated July 15, 1918, from Cashier City, and opinion Branch of Federal Reserve Bank of Kansas should not apby Counsel, dated Lugust 1st, that the Board containing condition prove for general use trade acceptances (blank date) a that "if this acceptance is paid on or before discount of 5:J will be allowed." Voted to approve as formal of last paragraph reply Counsel's memorandum with the omission acceptances by Federal thereof relating to rediscount of such Leserve Banks. ruling in Voted further to incorporate said the forthcoming issue of the Bulletin. secretary, in re :?..emorandum dated 41u4,ust 14th, by Acting expenditures for account of the Sub-Committee on 3upitu1 Issues of Federal Reserve District No. 12. Voted that sug- gestion be made to the Federal Reserve Bank of an 2rancisco that it absorb the expenses incurred by thesub-Committee on Capital Issues. las,12611T OF CUIZIITT Dated No. I ugust 15th, recommendation of the addition of Liss Marie O. Bishop, to Board Staff, as stenoL;raphor in the Division of ForeiLm ExChange, Now York, at a salary of :1,000 per annum, effective Ausust 15, 1918; .approved. for perDated August 15th, application of Sylvester Z. Poll as neously simulta serve mission to Director of City National Bank, Brideport, Conn., and as a Director of :echanias Bank, New Haven, Conn.; approved. At 12 M., the meeting adjourned. Acting 3ocretary, Cover
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