The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
-t held i reah.r reetinJ of the A:der%1 deserve . 2 oard -, the office of the 3overnor on ?riday, rowber L, t 3.13 T-3 -es Lr.TturdinL:, 7iller, . Delano, Jr. Fecretary. The minutes of the r;eetin of the Lord held on october 31 :ind 1,enembe,r 1 were read and cpproved. of the nectinz of the J.ect1ve ,_!o! 7it- The mint Tioard held on 7"w:ember n:e action therein "lhc 3.d on he eL forth : .1„ 20 1' qove tnt ,ecative 2wamit- !ro:A -cdernl Coh.:(- r e r Hill: 7i ontent 7ardin 1 :I.( h 1( in the twelfth district r oystit_ nd Lipproved 1,1 e.oJ were presented lc .Wserv rtJ o: the mc tinjc of the inLt :11, 2errin de, er rend eserve iL;ent L n:Kers in the Tederal v:erc ddy note letter ;.,..3dressed to liriven of PittsbAr:;h with reference to the conlpositio . of the directorate 1: the lettf 2 be ie ittsburji Branch. It W42 ajreed that sen,, ,s a ferconal coiinication. Thvtr-or "-rd dj relorted that by authority of a majority of the 3oard he had sent teler%rns to the 2ederal deserve 2anks of ,acveland, rhil 1el1 i.a, Lan ?rancisco, 'tna -_nsas re,zez,tin; thz,t t'ley tke '1-1,1 by ,,he in the eLerie ,a,;- of Ir000rtioL,: r1),0J,J0)03, L-ca, the telea iera1 bei.,1 c 01;1,2 &,000,000 .foe ) in the Collo%.in: the c%se JIA the first idberty Loan••(.,1 %nds Toon. 1:ew. York :pear heavier dwrin period preedlpziyment ir.t itallent.rew Yo173 h%ve irxreased• wine toEe of other 1"cderl :;Lieserve Enks Ave unc7,1::;ned 7o e,,iJulie matters :_k;.derl licoerve.Lm,rd .;iches . to relieve 'f7e York of Lbot tAirty nillion ,1011% -rs in accofte2 of shortmaturity b:y other 2-7(Ederl :eserve inkL. LioL,rd thCfeOre rejuests yoq to take froni :Tew. York rj111011 accenoes today. a oon as MOVCIIt trric trnsetion vAll be reversc3. -7:Tew 'Yorb. has been advised accordinly. Lnsv;er." nemomIldum from the Jomptroller of the 2,ArrCliC:1 relative to the relationships Of the diretor's o: the Inc Lat lanai 3ank of .3Jffalo, rcd to Arnnittee read ant ordered .efer- 1PliCat ions i'or membership in the :federal 2ecerve system were presented by ,;ommittee . 2, and the institu- tions bdmitted as follows on the conditions moiled by the JoAllittee in each e se: Trust Jompckny Jitizens av1ns Lianhattan Joml'any :l'anaP.Ictarers Trust 2om2dany .ashinton Loan n- Trust Jompan:7, Baltimore Trust Ampany, , idelity Tract Jompany ' Jlevelz..nd, Ohio, :Tew York 2ity. Brooklyn, :7.Y.. 2altimore, :d., I:ew York Jity. report of a Jommittee of Treasury officials with feierence to the use of sold certificates by the Department in payments to the.pablic, was referred back to the :..ecative -.;bnimittee. Discount rate sheets for ne week were presented and, or. 7otil , it was voted to confirm for all banks the old schedA.read7 in effect, with the eception that at (rich ale of 1:411k the commodity rate now in operation be advanced to eaal the same rat as commercial pLper of eval maturity at such bank; :/ad that apon.:pplication of ederal Aeserve :actin the rate on paner matarins within 61 to 90 days at . :Aais, was raised from 4 to 4::% ,;overnor 7ard1n3 presented a proexamme for the forthcominz. meetin3' of the Board to which the .;overnors of reserve banks hz.,.,ve been invited to be present. On motion, L.t 4.30 p.m. the Board adjourned. ,21airman.
@FedFRASER