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At a special meeting of the eederal Reserve Board held in the office of the Chairman on eriday, September 26, 1919, at 3-30 P.M., PRESENT: The The Mr. Mr. Mr. Chairman Governor Strauss Williams Chapman, Secretary. Business was presented ana disposed of as follows: Telegram dated September 26th from the Oklahoma City Clearing House Association, advising of the action of the eederal Reserve Bank of Kansas City in recommending that a branch of such bank be not established at the present time in Oklahoma, and requesting that the Board grant a hearing to representatives of Oklahoma City in furtherance of the petition for the establishment of a branch at that point. Voted that the Governor advise the Oklahoma City Clearing House Association that the Board will grant such a hearing on Tuesday, October 21, 1919, and that the Governor inform the Yederal Reserve Agent at Kansas City that such hearing is to be had; also instructing him to notify committees representing other cities in the Tenth Federal Reserve District that opportunity will be given them to be heard on the same day. The Governor referred to the action of the Board at Its meeting on September 16th, whereby it created the office of Executive Secretary of the iederal Reserve Board, stated that Mr. W. W. Hoxton, at present employed by the -2investment banking house of Otis & Company at Cleveland, Ohio, would be a desirable man for this position. Voted that Mr. Hoxton be appointed Executive Secretary of the Federal Reserve Board at a salary of $10,000 per annum, effective upon reporting for duty, to perform such services as may be assigned to him by the Federal Reserve Board. On motion duly seconded, the uovernor was authorized to visit St. Louis, Missouri, on Tuesday, September 30th, at the expense of the Board for the purpose of attending the convention of the American Bankers' Association. At 3-45 P.M., the meeting adjourned. Secretary. Approved:
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