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.At a special meeting of the 2ederal deserve Board held in the office of the Board on 2aturday, January 12, at eleven a.m.., • MciA.00, Dresidin, .:.:r. Delano, • Harding, Mr.:.7111er, • jarburg, Jr. Jecretary. Mr. ialin, Mr. liardin:7; stated the substance of a telephone communication he had received relative to alaries at the Federal aeserve Bank of Ilew York. On motion of 71r. Hardin, it was voted that the action of the Board on January 11 rc balaries of the Governor (Mr. trong) and Deputy jevernor and Cashier (Mr.bailer). and Counsel (Mr. Curtis), of the Aderal deserve Bank of Eew York, be reconsidered, and that ]overnor '.:;trong be mested to core t .ashington for conference. On motion of Mr. Iam1in, it vgis voted that the action of January 11 re salaries of the Jovernor ?ancher) and Izent (Mr. .1.11s), of the reederal eserve the 2edera1 .deserve Bank of Cleveland, be reconsidered. arburr; asked the views of the Board regard1n3 the salary for the 3-overnors lp Philadelphia. the Federal aeserve The opinion was informally expressed that the salary of tne rnor of the Federal Aeserve Bank of Philadelphia. should not exceed 20,000, its present figure. On motion at 12.10 p.. the EoLrd ed.
@FedFRASER