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69 At a s-oecial meeting of the Federal Reserve Board held in the office of the Board at 12.10 p. m. Wednesday, January 27 PRESENT: Mr. McAdoo, presiding, Mr. 7arburg Mr. Hamlin 17.r. Hardin Mr. Delano . Miller Mr. Willis, 3ecretary. The minutes of preceding meetings were read and approved. ' The minutes of certain meetings of the recent conference of Governors were referred to Messrs. Delano and Wa/turg for examination and report as to their form. Applications of certain banks for additional stock in Federal reserve banks were approved as follows : District #2. Florida National Bank First National Bank Florida, . Y. Harmon, N. Y. District 13 First 1:ational Bank Biglerville National Bank Harleysville National Bank Farmers National Bank Farmers National Bank Peoples National Bank Chelsea National Bank Flemington National Bank Ambler, Biglerville, Pa. Harleysville, Pa. New Holland, Pa'. Quarryville, Pa. Norristown, Pa. Atlantic City, N. J. Flemington, N. J. Milford, X. J. Clinton, N. J. Pedricktown, N. J. First National Bank First National Bank First National Bank District #4. Merchants National Bank First National Bank First National Bank First National Bank Bank of Laysville, N. B. A. Citizen4 National Bank Butler, Pa. Glen Campbell, Pa. Celina, Ohio New Bremen, Ohio. Maysville, Ey. Lancaster, Ky. District 45. Elizabeth City, N. C. Durham, N. C. First National Bank Citizens National Bank District #6. . Macon National Bank Talladega National Bank First National Bank First National Bank Jackson-State- National Bank City National Bank National Bank of Macon, Ga. Talladega, Ala. -Tampa, Fla. Biloxi, Miss. Jackson, Miss. Igorriston, Tenn. La Follette, Tenn. District #7. Farmers National Bank Farmers National Bank First National Bank First National Bank City National Bank Farmers 'iational Bank First National Bank District Princeton, Ill. Knoxville, Ill. Amboy, Ill. Canton, Ill. Kankakee, Ill. Aurelia, Ill. Milford, Iowa. 48. City National Bank First National Bank Metropolis, Ill. Cowgill, Mo. District 49. Security National Bank American National Bank 'Watertown, S. D. . Spearfish, S. D.. 71 rierchants National Bank First National Bank Detroit, Coleraine, District 410. National Bank of Commerce St. John National Bank First National Bank Laurel National Bank Farmers National Bank State National Bank Dodge City, Kans. St. John, Kans. Columbus, Kans. Laurel, Nebr. Norman, Okla. '4Lufaula, Okla. District 411. Midland National Bank First National Bank National Bank of Commerce, City National Bank Iiidland, Texas Herons, Texas Wichita Falls, Texas Bryan, Texas. District 412. Harney County National Bank Burns, Oregon. The draft of a proposed circular on commercial paper was taken up for consideration and on motion was deferred until the afternoon session. Applications of Federal reserve banks for changes in rediscount were presented to the Board and on motion the following rates Tai000sed by the Federal Reserve Bank of Dallas were approved: For maturities un to GO days, 4,4 GO to 90 days, , for maturities for maturities over DO days 16. It was voted that a telegram indicating interest in the effect of these rates upon the retirement of the emergency currency, similar to that already sent the Federal Reserve Bank of Richmond, should be transmitted. For the Federal Reserve Bank of Philadelphia, maturities up to 60 days, 4%; maturities above 60 days On motion it was voted to send a dispatch to certain oederal reserve banks which have not recently asked for changes in rates of discount, inquiring what in their judgment would be the rates to which reductions could now properly be made. On motion, -at 1.30 p. la. the Board adjourned to meet at 2.45 p. m. Secretary. 110ITLD: Oha rman
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