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a regalar meeting of the 2ede al Reserve Board held in the office of the Board on Monday, January 21, at eleven a.m., PRE';1ELT: Harding, presiding, 1.!r. Delano, 2.1r. :Ir. Allis, Secretary'. :Ir. Hamlin, The minutes of the meeting of the Board held on January 16 were read and, on motion, approved. The minutes of the meeting of the Cold port Jom- mittee held on January 19 and 21 were presented and, on motion, approved, and the kction therein set forth ratified. 4% letter from 'Edwin Baxter, Cashier of the Federal Aeserve Bank of Jleveland, relative to the 1916 issue of circular.) and re7alations, was read and, on motion, referred to the secretor: for reply. The secretary presented a memorandum of Jhief Exaniner Broderick regarding securities said to have been lost in certain cases by the Federal ieserve Bank of Philadelphia. On notion it was voted that all Aderal Aeserve banks be instructed to advise the Board promptly in the event of any losses of money or securities. report of Jommittee 1, datid January 1E, re- garding salaries at the !ederal Heserve Bank of L;t. was read and, on motion, approved. report of Jommittee ro. 1, dated January .:,1, approving a salc.ry of .2,400 for Examiner E. . parker, was read and, on motion, approved. report of ommittee Fo. 1, dated Janutry 1E, relative to salaries at the 2ederal Aserve Bank of Y:ansas Jity, was read, and, on motion, approved. I,. report of Am.mittee Fo. TL fixin7 the salary of :r. J. ,delson at ,4,600, effective January 16, was read and, on motion, approved with the amendment that the salary become effective euruary 1. report of Jommittee :Tn. 2 recommending the granting of power to accept up to 100: of capital and surplus, was read and, on motion, aporoved in favor of the :econd Fational Banh of Lew liork. report of Ammittee Fo. 2 recomm€niding the admission of institutions upon conditions named in each case, was read and the banks ordered admitted accordingly as follows: The Terre qaute "rust 00mpany, "erre qaute, Ind. Oak ?ark, Ill. Savins Oak Park Trust 3ark of }oyceville, Boyceville, Asconsin. L report of :2omrnittee No. 2 recomrTnding permission for the National Newark Essex Banking ...ompany of Newart, to in- and the L,ercflants National Bank of. ,;oroester,- - vest in the stock of the American A>reign Banking ;orporation, was read and, on motion, approved. Upon recownendation of ,.ommittee No. 3 capital stook a hanges in Federal aeserve banks were approved as fol- loas: Applications for Original „took. District No. 3. ?irst National Bank rightstmn, FIL.res 17 17 District No. O. First rational Bank :irst National Bank Lineral LprinL;s,Ark. 9 17 iarked ?roe, 26 District No. 9. National Bank Dodson, 17 17 District 1:o. 10. 'farmers National B4nk Fairview, Kans. 16 le 90 90 ont. District Yo. 12. odi rational Bank notal, 'ions for Idditional stock. pplica, District :o. 1. First National bank New Haven, Jonn. District No, . Union Exchange National Bank rational Park Bank of New York First rational Bank First National Bank Lssea Bank o National Newark New York, New York, ,renoa, :.Y. E. Aochester,:,.. Newark, :r.j. 510 510 160 3000 4 1 600 37C3 Applic-Aions for Ldditional :Ctock (Con. District ro. 6. --ury National Bank 2irst rational hunk of Lcadia Parish Lt Crowley ?irst National Bank CommerJial National Bank ?irst National Bank city Lational Bank Central National Bank Camden National Bank ?irst National Bank Isbell National Bank 2irst National Bank Exchange National Bank Central National Bank erican ilational Bank .7iryt National Bank ::acon :Tational Bank ?irst National Bank Farmers National Bank Elk National Bank i„meri-Jan National Bank Cumberland Valley National Eank 7irst National Bank City National Bank ?irst National Bank Erwin National Bank Total, Columbia, Tenn. 3 Crowley, Ashford, Ala. New Orleans, La. Atmore, ;tic. Decatur, Lla. lbany, la. Camden, 4. Yidland City, Tallades.a, *Ala. Lincoln, Ida. Tampa, 71a. 3t.Petersbur3,71a. Tampa, !lc.. Lavonia, Liacon, la. 4 90 1 5 3 30 1 30 15 15 3 4 6 Fhelbyville, Tenn. 2 Fayetteville, Tenn.17 3 Lebanon, Tenn. 5 Lashville, Tenn. 2 Coal Creek, Tenn. Johnson City, Tenn. ZJo. Pittsburg, Ten. 6 1 Erwin, Tenn. 257 4040 Applications for .3urrender of Jtock. District No. 1. Yale National Bank Ta.von, Conn. shares 460 District No. 4. t. Clair National Bank 7reedom, Pa. 60 Jitizens National Bank Cisco, Tex. 18 "otal, 558 556 Upon recommcndatior of .;ommittee 10. the I:at onal Bank of Belloas ?alfs, Vermont, was granted permission to act -ac trAstee, e:xcltor and ad.ainibtrator. lovernor Hafding presented basinebs as follows: letter from Ir. J. K. Paelic'ier re the effort of . Sweeney to cooperate in optainin,77 pea members. - letter from ederal deserve ',gent 4ellborn re the ,zlendment of state 1Lws to facilitate admissions; referred to CommittPe 4, letter from lovernor Van Landt re pledge of collateral protecting 2ederal deserve notes; read and noted. • letter from eprecentative D. T. Loran re short term credit for farlers; read and referred to the . L'..xecative Committee (papers in hands of the 3overnor.). 4.1 letter from :.;overnor strong of Eew fork- addressed to .,arbarg re acceptance credits and the makin of ac- ceptances; read and referred to the.:.,xecative Committee for report. letter from 2ederal deserve Lsent notify- - , the board of the election of 1.1r. F. C. .atts as a memins ber of the Federal 4,dvisory Coancil: - read and noted. letter from President 10 1 of the .,..dvisor:.7 Joancil reg.irdin reserves g.radiated on the basis of differeht Jlases of deposits, and notifying the Board of the next meeting of the Joancil of 2ebraary 1C; - rolad and nottd. .2. letter from the ?ederal ..leserve sank of lichmond (,lovernor Leay) regarding the placing of certificates of indebtednes; - read and noted. ,., letter from Federal Aeserve .gent .astin re the pqrchase of a vault at Philadelphia; read and referred to the "%liladelphia vommittee with power to act. letter from President J. Hinsch rer3arding the ase of trade acceptances; - read and referred to Jom'Aittee 1:o. 2. letter from a committee of directors of the !edictal deserve Bank of -J.inneapolis re the salaries of the officers of the bank; read ;And referred to Jommittee o. 1. :A letter from 2ederal :leserveent ,,ellborn re a 1.nea.1atic tabe :,:istem for the nea bailding at ,Alanta; - read and referred to the .tlanta Jommittee. letter from governor *;old re the methods to be ased in the sale of certificates in the :Anneapolis District; also a letter on the same subject from federal deserve Az:ent 7eath re sales in the Jhicago District; - read and referred to the :ecative Jonnittee aith power. -pauarocpn pdrzog, eT,1 "urwaTnur, :C7A0rJj7 0'17'7T 17 .27 ,eanrurf '14'n-pGaupa,- aoj daluo irTooJs nopu •noT1.01:1 uo 60 a1rDT.TTlaao PuTtlaq aaATTs jp or °Li; pa c .0: 0a4Tul,w; Jo swawaSuadnad a;oidwoo r.q'SuIPTIrq f"*1"17 tAou JocIoj 04..7.14 o4 4TroTJJTp '9g pun g\ nt 4T vaiq uTnqqo /licinquad p/roo pa,..3og 010. lru.a. 1:11-g,i4JojuT pllaodoa 2arcian .raou pun • !soy:01;11.10r) Sarcraac„ Jo arr.'s air, aa uaoctiTa:' q.uo:2! 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