The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
1004 At a reiTular meeting of the Federal Reserve Board held in the office of the Board at 11:15 a. m. on Friday, November 19, Er. Hamlin, presiding Mr. Harding ;fir. Delano Warburg Mr. Miller Mr. "Lillis, 3ecretary. The minutes of the meeting of November 17 were read and approved. At apIlica,tion of the Federal Reserve Bank of Cleveland for the issue of Federal Reserve notes-, duly approved by the Committee on Issue and Redemption in the amount of 0600,000, was approved as follows: ;5 denomination ft 10 0200,000 400,000 On motion the application of the First National Bank of Eufala, Oklahoma for power to reduce its capital stock in the amount of 0W,000, duly recorruaended by Federal Resevve Agent Miller and the Comptroller of the Currency was approved 1000 by the Board. It was informally agreed that in the future applications for the reduction of stock should be referred to the Committee on State banks. On motion an application of the Federal Reserve Bank of Philadelphia for power to purchase and hold Atlantic City warrants under conditions specified in the application, duly recommended by the Committee on Investments was approved. . Liner reported a proposed change in Regulation R, and the documents in the case were ordered circularized. Pr. Eiller presented to the Board a memorandum with reference to the method of conducting the business of Federal Reserve agents and Governors of banks at possible future meetings. The memorandum was received and ordered filed. A letter to Federal Reserve Agent Miller, relating to the time and conditions of send- 1006 in in his annual report approved and a copy thereof ordered sent to all 2ederal Reserve agents. The 3ecretary of the Board reported that no recormendations for discount chans'es for the week had been received. Brief discussion of the methods to be followed by the special committee of the Board to visit the Vederal Reserve Bank of Atlanta ensued. 1.r. Delano d,:scribea to the Board the chief results of the session held by those of the members of the Board who were in residence with the Executive Oommittee of Governors. On motion at 1:00 p. m. the Board ad— journed to moot at 11:00 a. u. 1:onday, November 22. 3' tLt.Iratan