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-1 0/1 A.t a regular meeting of the Federal deserve Board held in the office of the Board on Lionday, January 26, at eleven a.m., PAL3=: .Lr. ':airburg, presiding, :Ir. Hamlin, Delano, :r. ,illis, ecretary. The minutes of the meetings of the Board held on •January and 26 were read and, on motion, approved. The minutes of the meetings of the lold Export Jom- mittee held on Janzkry 2,6 and 26 were presente0 and, on motion,.approved, and the action .therein set forth ratified. ;:arburg stated that ,iuestion had been brought qn by a rerdresentative of the Philadelphia Ledger with respect to the alleged withdrawal of Governor Rhoades on ac,count of irregularities .t the ?ederal deserve Bank of Philadellhia, and that it had been suggested that the Ittorney lenera office be asked to, investi3ate the soure of the rumors in 4.11estion. On motion, Ir. amlin was re- Taested to take the matter up with the .Attorney General's office. The 4aestion of the .3omptroller's recommendation to :;ongress favoring a guaranty of bank deposits, discussed the meetin13 of J.z.narry 26, was brouht up, %ILI "Tr. ,;arburz stdted tht :lovernor trdin ject to ,-,ecrotary of the Tretl,s letter on 1:ae sab- ritten hd coilsideration , 17 the natter was deferrel antil a.fter the return of .lovernor I al 11:3. r. -lbert :;t1-..ass re2rdin7 the ase of letter fro. Silver beh.ind silver certificates., and trnsnIttirs. a c 17 of 1)roposed bill on the Lqbje',1t, \,,s read, andr."lin statec] tirct in accordance with instractions a the 7ioard, Ae r.„(xeed o. sqbF:titute Measarc enbodwin'_; the hoard's vie:ts The matter s laid on the table antil the retirL of 'Iovt mar copits of ::,traass's bill ..mor;_:,(1a!q of nd a9, r. rbar:::; to be sent to ei -.ember of t:Ie hoard. let 1 7'atior-1 tli .Iin; the .ue of 7ov, rnneLt boric, ; (r "eL, 7ith the froicr ;:ta t2le • IA Ld of ti0 -1 L1,1 0,-c on the ,ae:+io Lill: at ',L.-,ervc banbs, .n ' to f- ..e.c.:re*Gzir7 of -CAe lettfr all o' of r-ro-j -( , 7ov.--tor , `C'f" la ilr;r. tic oc: t,11, personnel c'insen by the Ueirondread and omittee L.o far as relztec. to referred to the Uohmond personnel, and to onuittee Fo. 1, rel::Aes to orrespondenoo alth 7ederal jieserve Lc;ent 71errin re the absorption o: the T4amber:renis Tational Tark ail the (ate to which dividers should be paid on its cto.li< in the l'eieral deserve Fank of an leisco, was presented referred to Jor=ittee - ederal Aserve L.3ert letter from f tin list of salaries at the'Lmisville Branch of the itti n7:7 of t. Pais, Was presented and, on motion, referred to Comraittee letter written by the'i.ecretary of the Board under date of January b, rerding the treatnlent of deposits nude in favor of the rentine overnrent as gold, was read and, (on motion, :approved. letter from ?ede- 1 .Leserve Lent .auqlsey re the estahlishrent of a branch at 1 Paso, was read and referred to the Dallas Jommittee. letter fro a 2ede 1 deserve Perrin reardi. eat!'nent of abraded gold coin at the ? of an 2ran isco, was pretnteu and ordered ciroalatcd. ^ ar7 On re',";orrndi0I'l of Joittee T.7.o. I the(..3 l per - f '.vas , :;ta f 7 Eean of the 3ord'L. :.7r. Of ive ipreLented and, 011 ;teports of, ,;()Tnittee a, OCO'e1.11j tic::W•lic,sion of .t44...e 1.11ti- tJtions on Jorditions nmed in ei). caL7c, .%nd the in':tittiolls ordered .,dltted.. (.1reon, rn - crenaLits ,Jones iti Trat:t 7r,tst - 1,- L, ;3 of 11J.Isea, Letou, i. Jentrlia, rL(Jorl.r‘LK.iin• 130 .,.'.'cel)tarn3e 11:6„ers for the of ":,n'T_tt:tn ;0., of Lew York. DL.ted re:Jo7vIcndin:f.-7 10LY' aooePtance powem; for the ' of 2. iiilclh:-ii. 3.,r1;, ..;orn • perniE--cion si:'or the 0e3drity r hz,s e stock in of DL11%1: to _;orpo t ion. fore i tie .0;1-(nclin7, pc r-.1Lsiol. for the Inui of IndiLn:Lpolis to psIrlhaEE :,,to(Jk i ;orpor-tion. , .)0tritaric. ZG. Jo. .•:.Ld. for the :lien l'roperty •i tOd 1n On recon( were aTnroved 01 ttee the . f pa,verli 3 rman .iterican National Bank, Lxl1nton, la., trustee, exe0/tor and administrator. Third National Bank, St. Louis, 71o., trustee, execator, administmtor and registrar. Home National Bank, Thorntown, Ind., trustee, executor, administrator and registrar. City National Bank, Berlin, N.i, t UStet. eport of ,;ommittee No. 3 recommending that Gov /or Handolph of Harding be requested to communicate with the Federal Reserve Bank of Atlanta as to proposed reserve legislation along the same lines as already adopted Ap Pennsylvanlc, was read and nletter ordered sent ccordin I no presented a reco. Broderick re_ Y• miation of Chief iainer ding the handling and treatment of transfer drafts, and reco ending certain modification Hardi circular letter in Section 4 of Governor 18, which was read and the pro- posed change approved, the documents to be referred to Committee No. 1 for action. re- Warburg as Chaircn of the Priorities Oommit ported that the Avisory Cormittee on that subject would consist of 7.r. Allen Forbes, of New York, .71r. 2. _t. Goff, Cleve- land, and Mr. U. C. Flower, Kansas City, that 772% B. W. Palmer of Boston would act as counsel, 7::r. Stephen Selden as Lxecative Secret- and Newton in chsrge of the office under the 7ixecutive Secretary, all serving without compensation. On lotion, teanp I tment of t7lose•„:11 to ct ., .vithoJt was alinroved. rbirc:1itier el ,that tie LoThrni.ttEe on Prier itieswo.,..4.1d from time to tinte sibmit i1nztes of itacion for hr the Board, in the same manner Un motion, 41,21.-A0V113: irn t c the r..,Board adjo2rnecL. ort
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