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10 At a regular meeting of the 1,'ederal Reserve Board held in the office of the Board at 11:00 a. in. on Monday, November 29, PR3ENT: Lr. r,cAdoo, presiding Mr. Warburg Mr. Mr. Har6ing amlin Ir.Delano Mr. Miller lir. Willis, .;ecretary. The minutes of the meetings of November 23 and 24 were read and approved. On motion the minutes of the meeting of the Committee on jtate Banks, at which certain recommendations relating to apl)lications for executor and trusteeships had been considered, were approved, and accordingly the following action ordered entered: Walden National Bank Holyoke National Bank First National Bank FarmersS.- Lerchants Nat'l vFirst National Bank Commercial National Bank City National Bank 2t. Albans, Vt. Holyoke, hass. Lobile, Ala. Wabash, Ind. Petoskey, Mich. Oshkosh, 7is. Dallas, Tems. /041 Deseret National Bank First rational Bank Salt Lake City, Utah. Ashland, Oregon. APPROVAL CONDITIONAL: :First National Bank ;Mo. Nevada. (This application will be approved if surplus is increased to 20;!, of capital) APPLICATIONS TO BE 111.LD: Cecil National Bank First National Bank first National Bank Victoria National Bank Continental National Bank Pacific National Bank , Port Deposit, Ld. New Carlisle, Va. I,;anistique, Eich. Victoria, Texas. Salt Lake City, Utah. Boise City, Idaho. APPI,ICATION R.VUSLT: American National Bank First rational Bank _First rational Bank - First National Bank. Citizens National Bank Frankfort, Ind. Batesville, Ark. Weiser, Idaho. Moscow, Idaho. daimon, Idaho. APPLICATION I'ASLiED TO NEXT YiEETING: First First ' First First National National National National Bank Bank Bank Bank Baltimore, Md. Red Oak, Iowa. Galveston, Texas. American Falls, Idaho. A letter from Chief of Division Broderick relating to conditions at the. Federal Reserve Bank of Kansas City, with special reference to accounting Joatters, was read and on motion referred to Y.r. 1_042 Harding ncJ. Er. Miller for inquiry and report at an early date. Discussion as to general conditions in the Kansas City Bank, and comment on the method of choosing dire3t nsued. Mr. McAdoo e:c- pressed the view that 2ederal reserve acents ought not to criticise in public the Board and its officers, or its policies. All members concurred. 1.:r. Miller called attention to the fact that the open market regulation was nearly read-,-, and suggested that the clearance situation be also taken under advisement. Ile moved that the Committee on Clearance be requested to submit to the Board on 2riday, December 3, the best plan of effective clearing it could devise. The motion prevailed. On motion the Board adjourned to meet at 3 p. m. this day. soecfetary. Chairman.
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