Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Minutes, November 6, 1914, Volume 1

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At a special meeting of the Aderal Aeoerve
Board held in the office of the Board on 2riday- lovember 6th, at 11:00 a. m.

1.r. Hamlin

Williams
r. Harding

Delano
:r. Miller.

The minutes of the preceding meeting were read and
approved.
On motion, the

overnor was authorized to draw

checks against money in the hands of the United Jtates Treasnrer to the credit of the :.'ederal Aeserve ioard, for all di5burseents of the Federal L- eserve Board.
On notion, it was voted that all checks should be
countersigned by the Jecretary o: the Board, and the Jacrotary was directed to arrange for suitable checks for use

.

in making 1:ediate disbursements.
On motion, it was voted to draw checks as soon
possible for all salaries

HON

as

in abeyance for the i eriod Pri°

to :ovel:Ier lot.
On motion, the question on what date the salarY of
the J m2troller of the jurrency as a member of the 2ederal
serve Board should begin to run, was referred to Jounoel of
Board.

310

On motion, it was voted to approve a circular
relating to the management and recording of stock subscriptions by Federal Reserve Banks.

The circular was

ordered transmitted immediately to reserve banks.
On motion, the report of a special committee
relating to the issue of circulars and consisting of
Lr. Delano and the Secretary of the Board, was approved.
The report in question was as follows:

ovoliber G, 1914.
TO THE FEDM1L JESZTTE BOARD:
Your special Committee on Printing to which
was referred the question of a uniform standard
form for publication of circulars to be sent out
by the Board, begs to report that it has carefully considered the subject referred to it, and
makes the following recommendations:
(1) All circulars, by whomever signed, shall
pass through and be issued by the office of
the Secretary to the Board.
(2) Each such circular shall be assigned a
serial number.
(3) All circulars shall be given a standard
typographical form and a standard size. For
this purpose there is recommended the form
adopted in Circulars No. 7 and No. 8, already issued.
(4) Bids shall be obtained from private concerns and from the. Government Printing Office,
the same to include the cost per unit of printing. the circulars under normal conditions and







also under rush conditions; discretion to be
lodged in the Secretary to the Board regarding the placing of the printing in the hands
of the Government Printing Office or of a
private concern, as circumstances may seem
to require.
Respectfully submitted.

F. A. IGLANO, Chairman.
H. PARKER WILLIS, Secretary.

A form for a regular docket for the Board
was approved and ordered put into effect.
On motion, it was voted that the calling
for reports of condition of member banks be deferred
until further notice.
On motion, it was voted that copies be made
of lists of questions submitted by the governors of
the federal reserve banks of Boston and iew York.
The Secretary reported that matters, action
upon which was necessary prior to the opening of Federal reserve banks, were either in process of disposition or had been dealt with so far as determined up
to date.
On motion, at 12 o'clock, the Board adjourned
to meet Monday, November 9th, at 11;00 a. m.

secretary.

APPROVIO:

Chairman.