The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
December 27, 1954
Dear Mr* Akers:
I enclose two bills which are correct, one from the
Kew lork Bank for the laonth of November, and the other
from the Princeton Inn for the meeting of the Committee
there over the weekend of lovember 20th.
Miss Burnett took two days of sick leave this month,
December 2nd and 3rd* I a® sorry that { did not let you know
about her absence before*
Sincerely yours,
Secretary
Mr* Sheldon B. Akers
The Brookings Institution
722 Jackson Place N.W.
Washington 6, D.C.
Enclosures; Bill for November, NY Bank
Bill ($329.99) from Princeton Inn
MISC. 50
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
YORK 45, N. Y.
r,
rookings Institution
722 Jackson Flace
flMhiggton* D. C*
i_
\»\
DATE—necember 2 1 ,
J
Attention: ?*r. S. p r fifcflMfr faM—ttl > • |""*
Expenses incurred during t h e month of November &9$h
S a l a r i e s and itelated Items
L. E Krebs
K, R. ,Tc Kinstry
8226
• o c i a l Security on 0h3»5& & 2«Q$
Retirement System on &226,l\k & UVS
87
16
Supplemental Death Benefit on o226.8I* u •1|17%
Supplies as per attached
8U
20
95
17
13
Telephone Tolls including 10$ Federal Taxes
S. 3k
Cost of Telegram Paupack Pennsylvania (copy attached)
1
30
10
7
2
6
67
20
in
Rental
Furniture and Ibn-4*«eehanical Kqui jrnent Coot $1,5>60«39 @ 8% per annum
Mechanical Equipment Cost I59U«93 • V>% per annum
Atlas Stationery Corp. New York (receipted bill attached)
Collins Hubber Stamp Inc., flew York (receipted bill attached)
H.
B. Davis, liew ork (receipted bills attached)
Womrath-Hassau
Street, New Xork(reoeipted bill attached)
hk
69
93
65
80
19
5U
MISC. 50
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
NEW YORK 45, N. Y.
r Brookings
DATE PftceMMtr PI,
Institution
722 Jackson Place
Washington, D» C.
Attention: Mr. S. B, A W « r R ^ m t ^
Telephone Rental
2 extensions
ii Bridges
8 Pickups
3 Holds
2 Line Holds
9 Busy Lamps
2 Relay Signals
1 Inter Communication
ifa^er
a $7.00
•
.90
•
.25
i
.25
$U*.00
3.60
2.00
@ .20
@ 1.00
.80
1.80
2.00
•
•
J*
.75
Federal Taxes &#
.75
125^70
2*?t
Travel Expenses
November 9 , 195U - Hiss Mildred Adams, New York to Washington D#C.
28 27
23-
IU32 57
19%
Dear Mr. Akers:
I enclose the bill from the Adelpbia Reporting Bureau
which has now been marked "Approved for Payment" and signed.
I shall see that in the future all bills are marked in this
way before being sent to you*
On November 21, I worked for ten hours at a regular hourly
rate of
an hour. Sine© this was overtime, I believe
the total comes to
. I have sent the Internal Revenue
Form W-4, to Miss Dorothy Bowen and have as^ed her to send it
directly to you together with a statement as to the hours
worked and hourly rate.
Miss Burstein would like to have you deduct the bill
for the Associated Hospital Service of New Xork from her
salary. She understands that this bill for group hospitalization
is $2.28 a month.
Sincerely,
Secretary
Mr. Sheldon B. Akers
722 Jackson Place H.W.
Washington 6, B.C.
HONORARY
TRUSTEES
WILLIAM R. BIGGS, Chairman
HUNTINGTON GILCHRIST, Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D. CALKINS
LEONARD CARMICHAEL
WILFRED L. GOODWYN, JR.
JOHN W. HANES
LEWIS WEBSTER JONES
JOHN E. LOCKWOOD
LEVERETT LYON
ROBERT BROOKINGS SMITH
LAURENCE F. WHITTEMORE
DONALD B. WOODWARD
OFFICERS
Ptesljtttgtntt 6, £L COL
7 2 2 JACKSON PLACE, N. W.
D e c e m b e r 17, 1954
ROBERT D. CALKINS
President
MILDRED MARONEY
Treasurer
ELIZABETH H. WILSON
Secretary
SHELDON B. AKERS
Executive Manager
M r s . Ellen Singer
Committee on the History of the
F e d e r a l R e s e r v e System
33 L i b e r t y Street
New York 45, New York
Dear M r s . Singer:
I have your l e t t e r of D e c e m b e r 14 with r e f e r e n c e to expenses
at the P r i n c e t o n m e e t i n g .
I a m r e t u r n i n g herewith the bill from the Adelphia Reporting
B u r e a u . P l e a s e indicate on the statement " a p p r o v e d for p a y m e n t , "
sign and r e t u r n to m e . A s i m i l a r p r o c e d u r e should be followed on
other bills which a r e submitted for payment by Brookings.
On the o v e r t i m e figure for you and Miss Bowen we need to
know the hourly r a t e and the n u m b e r of h o u r s worked. Also, it will
be n e c e s s a r y for Miss Bowen to fill out and r e t u r n the enclosed
Internal Revenue F o r m W-4.
I r e c e i v e d this morning from the Associated Hospital Service
of New York a bill for $2.28 for group hospitalization for Miss I r m a
B u r s t e i n . If it is n e c e s s a r y that this be paid through Brookings we
can do so, though the full amount would be deducted from Miss
B u r s t e i n ' s s a l a r y check. P l e a s e let me know about t h i s .
Sincerely y o u r s ,
Sheldon B. A k e r s
Executive Manager
Enc.
TRUSTEES
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
HARRY BROOKINGS WALLACE
December L4, 1954.
Dear Mr« AJoMNtt
I «a enclosing a copy of ft st&tenent of the Princeton costs
which Miss Adams is sending £r* Calkins tod&y. Soma of the figures
will be new to you.
The amount of $275»91 for travel was computed by adding ell
the mjiiiiilii of Miss Dorothy Bovoaf KftSWHN Bopp, Burgess, Jasses,
Mood, andtfoodw&rd,and Miss Adams* train and taxi fare to
Princeton which came to 16+96* The overtime figure is for Miss
Bowen ft&d for tt*« I -worked te*> hours on Sunday, Kovt^ber 21st,
Hill you please see that I M recompensed for this*
The bill for the Adelphla Reportingfiurosuwho made a
verbatls transcript of the meeting (a very good job) is also
enclosed. We have received a bill froa the Princeton Inn but
since we are questioning several charges, 1 %m holding the
bill in Kew Xork. An honorarium of $100 for mzh of the three
consultents, at the meeting «ss decided upon tut should not be
peid until efter the second meeting takes place.
Sincerely yours,
Secretary
Kr. Sheldon &. Akers
The Brookings Institution
722 Jackson Place U.W.
Washington 6, B.C.
Stenotype Reporting of:
ADELPHIA REPORTING BUREAU
4 0 Delong Building
CONVENTIONS. DEPOSITIONS
TECHNICAL MEETINGS
LABOR-MANAGEMENT NEGOTIATIONS
13th & Chestnut Streets
Philadelphia 7, Pa.
PEnnypaclcer 5-1713
Mimeograph and Ditto
Duplication
Established 1916
"1
l~~
Committee on the History of the
SOLD
Federal Reserve System,
TO
33 Liberty Street,
L New York 45, N. Y.
J
Attn! Mrs. Ellen C. Singer
Inv. No.
Date_
3120
11/30/54
Stenographic transcript of meeting of the Committee
on the History of the Federal Reserve System, held
at Princeton, 1^. J., on Sunday, November 21, 1954:
133 pages - original and 4 copies i $1,50
Travel Expense:
<]>199.50
84 miles @ 8 ^
Postage.•
6.72
2.40
$208.62
COMMITTEE ON THE HISTORY OF THE FEDERAL RESERVE SYSTEM
Expenses of Meeting a t Princeton, November 2 1 , 1954
Travel
Overtime*
56.25
Transcript
208.62
Hotel**
339.99
Honoraria
300.00
Total
*
$ 275-91
$1180.77
Overtime for Miss Dorothy Bowen, Dr. Bopp*s secretary on Saturday,
November 20, and for Mrs. Ellen Singer, Sunday, November 2 1 .
** Hotel b i l l from the Princeton Inn i s being held in New Xork u n t i l
several charges are explained.
MISC. 50
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
NEW YORK 45, N. Y.
T~~
I
DATE
Brookings Institution
722 Jackson Place
"Washington D* C#
Attention:
Hr. S. FL Utm^
R™««A™
H j ^ —
Traveling expenses by ?lss flildred Maris
August 17, 19$k
Wm fork.
September 2, 195a
New York, New York to Washington D # C# round trip
New York to Ithaca, New York round trip
(checked with Miss Blodgett by telephone, this delay is due
to an error on Bank1q part; they never billed us for these
trips. However, travel expenses should continue to come on
our monthly bill from the Bank. This separate bill is sent
in an effort to catch up.)
December 1, 1954
Dear Mr, Akerss
I enclose three papers relating to tax matters. Miss
Mams feels that it would perhaps "be best for you to pursue
the matter of refunds froa the City of New lork since in this
respect we are considered as part of the Brookings Institution.
Mr. J. F. Sullivan, who is in the Disbursing Department
of the Federal Reserve Bank of Mew York, told me that the
checks enumerated in his memo of lovember 15th were mad© out
to the City of Hew lork and represented taxes owed by the
Bank . I think, therefore, that this satisfies the request
as to names of vendors.
Sincerely yours,
Secretary
Mr. Sheldon fi. Hirers
the Brookings Institution
722 Jackson Place M.¥.
Washington 6, B.C.
F e d e r a l Reserve Bank
of ftev York
COPY
OFFICE CORRESPONDENCE
DATS November 15, 1954
SUBJECT Brookings I n s t i t u t i o n - Mew
TO
M i s s Adams
FROM
J. F. SuUtraa
York City Retail 3* l e s Tax
Trie suaou/it of t i o H*v fork City Retail Sales Tax which wag collected
from the Brooking I n s t i t u t i o n by t h i s Bank and paid to the City Collector for
the period January 1, 1954. to August 31, 1954, Inclusive, waei
Telephone r e n t a l
$ 1.68
Telephone toll.3
•42
wiup },--Xx e s
137.34
The following information with r e j e c t to our payments to tha City
Collector m&y be hdipful to you in the event, i t i s decided to sake an a p p l i cation for refundI
Amount Applicable
to*
Brookings I n s t i t u t i o n
Date of
Payment
Check He*
Amount of
Check
3/11/54
C 8813
I 47.32
$ 1.73
6/14/54
D 1077
5M3
12.83
9/14/54
D 31S2
22.78
I175.74
$37.34
J . F. Sullivan
December 2, 1954
Dear Mr. Akers:
I enclose a bill from Princeton which Dr. F. Cyril
James has asked us to pay for hi© to save him the
complication of getting an American draft in Montreal.
His expenses for the whole trip come to over fifty dollars
but ve wish to hold all expense accounts here until ve
have the complete list. Ve will send them to you as
soon as they are all complete. In the meantime, will
you please pay this for Br. James inee it is long
overdue. I will note it as an advance on his expense
report.
Ve have ample forms to last us through December
but we shall need more sheets for expense reports in
January.
Sincerely,
Secretary
Mr. Sheldon B. Akers
The Brookings Institute
722 Jackson Place M.W.
Washington 6, D.C.
November 24, 1954
Dear Mr, Akers:
The October bill from the Bank is enclosed. I bar*
checked it and it is correct.
I also enclose a copy of a letter to Mijs Bulla. Xou
will note that I have asked her to send her time sheets to
me, instead of to you, and that I have told her that I will
send you word of her fee when the job is completed. This
procedure is to comply with the view expressed in Miss
Maroney*s memorandum of November 19th to Dr. Calkins that
it is desirable to avoid specification of an hourly rate
of pay.
I hope that you are enjoying your short vacation.
Please thank Miss McCarthy for her letter about Miss
Burnett1s sick leive. I am glad that this arrangement
has been worked out.
Sincerely,
Secretary
Mr. Sheldon B. A^ers
The Brookings Institution
722 Jackson Place &.¥•
Washington 6, B.C.
Enclosures:
October bill from Fed. Res. Bank of New York
Copy of letter to Miss Bulla, Nov. 24, 1954
MISC. SO
FEDERAL RESERVE BANK OF NEW YORK
3 3 LIBERTY STREET
NEW YORK 4 5 , N. Y.
' Brookings I n s t i t u t i o n
722 Jackson H a c e
Washington B# G»
—i-ii—-J-*
J_
Attention:
J
•
Mr» S» B# Akers. Executive Manager
Expenses Incurred during the month of October l ° $ u
S a l a r i e s and Belated Items
U ! r . Krebs
K. Mm m Einstry
#277. 09
Social Security on $207.89 • 2,C$
h* 16
Retirenent on 1277.09 • ?»1h%
19. 78
Supplemental Death Benefit on #277.09 0 .515^
_ U 1*3
Supplies (as per attached)
W
10* 22
Telephone Tolls including 10$ Federal Tax
u*
•
!?ental
1
MJHHHPW
39
!
Telephone - Including Federal Tax
i* 69
Furniture and Non-Mechanical Equipzaent- Cost $933,1*2 © Q% per annum
6 . 22
Mechanical Equipment
5* 9k
* Mo Social Security
- Cost IU7U.88 & 15$ per annum
charged on t h i s asount
T J
7
& ^
MISC. 50
FEDERAL RESERVE BANK OF NEW YORK
3 3 LIBERTY STREET
NEW YORK 4 5 , N. Y,
DATE ifovember 22 r
Lrookin£S i n s t i t u t i o n
722 Jackson Place
Washington B. G.
L
Attention:
J
Mr. S. jb Akers» l^xecutive Uaaai&r
Travel Expenses for I/dss l a i d r e d Adams, Kew £ork t o
on 10/22/5U,
oston, Massacfausetl
Refund of IJew xork City Sales Tax on August 19524 Statement
»
•
•
«
.
•
•
•
, l t t
September I9$h Statement
18. 99
66 CR.
33 CR.
$362. 92
19&
HONORARY
TRUSTEES
WILLIAM R. BIGGS, Chairman
HUNTINGTON GILCHRIST, Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D. CALKINS
LEONARD CARMICHAEL
WILFRED L. GOODWYN, JR.
JOHN W. HANES
LEWIS WEBSTER JONES
JOHN B. LOCKWOOD
LEVERETT LYON
ROBERT BROOKINGS SMITH
LAURENCE F. WHrTTEMORE
DONALD B. WOODWARD
OFFICERS
ROBERT D . CALKINS
President
7 2 2 JACKSON
P L A C E , N . W«
November 2 5 , 1954
MILDRED MARONEY
Treasurer
ELIZABETH H. WILSON
Secretary
SHELDON B. AKERS
Executive Manager
Mrs* ^llen C. Singer
Committee on the History of the
Federal Heserve System
£5 Liberty Street
New York 4-5*flewYork
Dear Mrs. Singer:
Your letter of November 19 has come to my attention because Mr,
Akers is on a short vacation.
The arrangement regarding Miss Burnett's sick leave which you have
outlined in your letter will be satisfactory to Brookings. We will,
therefore, compute Miss Burnett's November salary on tne basis of one
day!s sick leave with pay and three days without pay. If, as she has
suggested, Miss Burnett makes up this time at the end of her appointment,
we will, of course, send her a check at that time.
TRUSTEES
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
HARRY BROOKINGS WALLACE
S i n c e r e l y y?>urs,
V~ sj£ £
A s s t . t o Executive Manag
November 19, 1954.
Dear Mr. Akers:
We need some guidance from you on a housekeeping matter*
Miss Burnett who, as you know, has been engaged for a jeriod
of six months, missed a. week of work this month because of her
father's illness. She may neeA more time off if his condition
changes. Miss Burnett understands that Special Staff on •npullil—llj
for six months are not entitled to annual leave but are eligible
for SICK leave with pay at the rate of 1 vori&in& day per month.
She has worked one month and therefore might apply one day of sick
leave to the four days she sussed. (She was absent for the entire
week of Kovember 8th but since the 11th was a holiday here, she
missed only 4 days of work.)
Miss Burnett suggested, however, that she aught continue on the
job for a few extra days at the end of her appointment in order to
make up the days she missed and ,ut in 6 full months of work. She
would expect to be paid for those days at that ti e and that appropriate
deductions would be made now. Miss Adams is agreeable to this arrangement provided that it is approved by Brookings,
I shall report Miss Burnett's absence in the monthly tixe sheet
but you may wish to note it now. She was out of the office for Uov.
8,99, 10, and 12.
Sincerely yours,
i 13
Secretary
Mr, Sheldon B. Akers
The Brookings Institution
722 Jackson Place !.¥•
Washington 6, D.C.
HONORARY
TRUSTEES
WILLIAM R. BIGGS, Chairman
HUNTINGTON GILCHRIST, Vice
ARTHUR STANTON ADAMS
DANIEL W . BELL
ROBERT D . CALKINS
LEONARD CARMICHAEL
WILFRED L. GOODWYN, JR.
JOHN W. HANES
LEWIS WEBSTER JONES
JOHN E. LOCKWOOD
LEVERETT LYON
ROBERT BROOKINGS SMITH
LAURENCE F . WHITTEMORE
DONALD B. WOODWARD
TRUSTEES
ROBERT PERKINS BASS
MRS. ROBERT S- BROOKINGS
JOHN LEE PRATT
HARRY BROOKINGS WALLACE
Chairman
OFFICERS
ROBERT D . CALKINS
President
7 2 2 JACKSON PLACE, N. W.
November 17, 19£ii
MILDRED MARONEY
Treasurer
ELIZABETH H. WILSON
Secretary
SHELDON B. AKERS
Executive Manager
Mrs. Ellen Colt Singer
Committee on the History of the
Federal Reserve System
33 Liberty Street
New Xork l$$ New York
Dear Mrs* Singer:
The personnel form for Miss Bur stein, her Internal Revenue
form W~Li, and the expense reports for Miss Adams and for
Mr. Woodyratrd were received today. The envelope was postmarked November 10th and should have reached me much earlier.
Sorry to have inconvenienced you by the telephone call.
A check covering the expense report of Miss Adams and of
Mr. Woodward will be sent promptly to each of them.
Sincerely yours,
Sheldon B. Akers
Executive Manager
SBA:ml
November 12, 1954
Bear Mr, Akersi
Enclosed sre two expense accounts, one for the Boath of
September, end4 one, I am eorry to say, for the month of August,
The latter was overlooked until today vhen Mies Ad&Es asked
about it. I apologise for this oversight, especially to Miss
Maroney because I am sure it confuses the books for August.
Sincerely,
Mr. Sheldon B. Akers
The Brookings Institute
722 Jackson Piece N.W.
Washington 6, B.C.
November 10, 1954
Bear Mr* utters:
Under sep-srete cover I em sending you i collection of papers
i n d u c i n g the personnel form of Hiss Surstein, her I n t e r n a l .ievenue
Form V-4-, and a long overdue expense sheet for Miss Adams. The other
two papers have to do with expenses incurred by Hr. Woodward during the
month of October on Committee business.
In connection with these, I wish to knot* i f i t w i l l be possible
in the future for me to submit such expense accounts under my own
signature and without any supporting documents. Or would you prefer
t h a t Miss Ad«ft£ sign the accounts? In any case, I think i t would be
useful i f we could work out some procedure 'oy which expense accounts
for Co&ffiittee members can be submitted by t h i s office but paid c i r e c t l y
to the Committee member. This problem i s important in connection with
the Committee meeting scheduled a t Princeton on November 2 1 .
I hope that in t h i s instance a check can be sent to Mr. Woodward
for the expenses of h i s t r i p to Philadelphia.
Sincerely^
Secretary
Mr. Sheldon B. Akers
The Brookings I n s t i t u t i o n
722 Jackson Place N.¥.
Washington 6, D.C.
October 29, 1954
Dear Mr. Akers:
Under separate cover I •& sending you time sheet™ for Miss
Burnett and r.y^elf for the month of October,
A l e t t e r from your; -ssist&nt to Kiss Burnett, dattd
October 25, ?>sked for her Personnel Record snd Employee's
Vithholding Exemption C e r t i f i c a t e . According to our record ,
Miss Burnett's Personnel Record wtl sent to the Brookings
I n s t i t u t e on October 1A, tad the tax form on October 26.
Will you l e t me know i f you hfve received them.
Sincerely yours,
Secretary
Mr. Sheldon B« Akers
722 fttflfcson Place H.W.
Washington 6, D.C.
HONORARY
TRUSTEES
WILLIAM R. BIGGS, Chairman
HUNTINGTON GILCHRIST, Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D . CALKINS
LEONARD CARMICHAEL
WILFRED L. GOODWYN, JR.
JOHN W. HANES
LEWIS WEBSTER JONES
JOHN E. LOCKWOOD
LEVERETT LYON
ROBERT BROOKINGS SMITH
LAURENCE F. WHITTEMORE
DONALD B. WOODWARD
OFFICERS
ROBERT D . CALKINS
President
7 2 2 JACKSON PLACE, N. W.
MILDRED MARONEY
Treasurer
ELIZABETH H. WILSON
Secretary
October 29, 1954
SHELDON B. AKERS
Executive Manager
Miss Mildred Adams
Committee on the Histoiy of the Federal Reserve System
35 Liberty Street
New York 45, New York
Dear Miss Adams;
I regret to report that The Brookings Institution is not exempt
from the Federal taxes listed in your letter of October 26•
Your October salary check has been mailed and I am sending the
others to Mrs. Singer by today's mail.
TRUSTEES
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
HARRY BROOKINGS WALLACE
Sincerely yours,
x M - ^ oJu^o
Sheldon B. Akers,
Executive Manager
oVCAJ^Q.
IN,, 8,!°^i
HONORARY
TRUSTEES
WILLIAM R. BIGGS, Chairman
HUNTINGTON GILCHRIST, Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D. CALKINS
.EONARD CARMICHAEL
WILFRED L. GOODWYN. JR.
JOHN W. HANES
LEWIS WEBSTER JONES
JOHN E. LOCKWOOD
LEVERETT LYON
ROBERT BROOKINGS SMITH
LAURENCE F. WHITTEMORE
DONALD B. WOODWARD
TRUSTEES
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
HARRY BROOKINGS WALLACE
OFFICERS
ROBERT D. CALKINS
President
7 2 2 JACKSON PLACE, N. W.
MILDRED MARONEY
Treasurer
ELIZABETH H. WILSON
Secretary
October 29, 1954
SHELDON B. AKERS
Executive Manager
Mrs. Ellen Colt Singer
Committee on the History of the Federal Reserve System
33 Liberty Street
New York U59 New York
Dear Mrs* Singer:
Enclosed is a check covering the Bank's bill for September,
also salary checks for you and Miss Burnett for the month of October.
The check for Miss Burnett covers the period from October 13 to the
end of the month. Thank you for returning the W-4 form for Miss
Burnett.
We shall appreciate it if you will send your Social Security number
as soon as you receive it.
Sincerely yours,
JtJLL^rt.GXj^
Sheldon B. Akers,
Executive Manager
October 26, 1954
Dear Mr. Akersi
Enclosed i s the Bank's b i l l for the month of September*
I hsve checked i t end i t i s c o r r e c t ,
I also enclose I n t e r n a l Revenue Forsri ¥~4 f i l l e d out by
Miss Burnett,
Sincerely,
Secretary
Mr. Sheldon B. Akers
The Brookings I n s t i t u t e
722 Jackson Place N.V.
Washington 6, D.C.
MISC. 30
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
NEW YORK 45, N. Y.
r
L
PATE
Brookings Institution
722 Jackson Place
Washington, D. C #
19
J
Attention: ?a% S« B» Akers» Executive llanager
Expenses incurred during the raonth of September Ipjxi
Salaries and Related Items
IU K. Mc Coraack
L. M# Krebs
!U R. m Kinstry
Social Security on $22|8*55 & 2.0%
RetireiaBnt on #377.89 • 7.12$
Supplemental Death Benefit $377*89 © .$15%
Supplies (as per l i s t attached)
Rental
Telephone. Including Federal Tax and New York City Sales Tax
Furniture and Hon-ISechaaical Equipment
(Cost #927.1.3 l V | « annum)
Mechanical Equipment
(Cost U47U.80 @ 1$% per annua)
The American Political Science Association Washington D. C.
(Receipted bill attached including Nsw York City Sales Tax
* lb Social Security charged on this amount
377 89
h 97
26 98
1 95
3 13
3 93
6 18
5
*
h3
S®\W
October 26, 1954
Dear Mr. Akera;
We have already had reason to bless your foresight in
providing us with several copies of the l e t t e r frcsa the New
York City Bureau of Excise Taxes. We h&ve found them very
useful.
Our exemption from the New £ork City s e l e s tex has raised
another question es to whether we ere elso exempt from Federal
taxes on telephone t o l l s , telephone equipment r e n t a l , and coirmercial telegrams. Could you i n v e s t i g a t e t h i s problem for us?
Very sincerely yours,
Mildred Adams
Mr. Sheldon B. Akers
The Brookings I n s t i t u t i o n
722 Jackson Place H.W.
Washington 6, D.C.
October 25, 1954
Dear Mr* Akersi
Thank you veiy much for gatnering and sending us the
material on the city sales tax and on our responsibility
towards employees of the Comalttee. It is good to knov
ve do not have to pay the sales tax.
It was particularly thoughtful of you to send, us
extra copies of the material. They vill be aost useful
¥@ry sincerely yours,
Mildred Adsss
Mr. Sheldon B, Users
The Brookings Institution
722 Jackson Place H.W.
Washington 6, B.C.
HONORARY
TRUSTEES
c
WILLIAM R. BIGGS, Chairman
HUNTINGTON GILCHRIST, Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D. CALKINS
LEONARD CARMICHAEL
WILFRED L. GOODWYN, JR.
JOHN W. HANES
LEWIS WEBSTER JONES
JOHN E. LOCKWOOD
LEVERETT LYON
ROBERT BROOKINGS SMITH
LAURENCE F. WHITTEMORE
DONALD B. WOODWARD
OFFICERS
ROBERT D. CALKINS
President
MILDRED MARONEY
Treasurer
7 2 2 JACKSON PLACE, N. W.
ELIZABETH H. WILSON
Secretary
SHELDON B. AKERS
Executive Manager
October 21, 1954
Miss Mildred Adams
Committee on the History of tne Federal Reserve System
55 Liberty Street
New York 15,ftewYork
Dear Miss Adams:
It was good to know tnat you could get away for a vacation and I
hope you had an enjoyable time.
After considerable correspondence I have received a letter from the
iMew York City Bureau of Excise Taxes whicn states that the Brookings
Institution is exempt from the New York City retail sales tax. I enclose
several copies of this letter and can send you additional copies if needed.
You will know the person or persons to whom these should be given.
Enclosed also are copies of letters from the Workmen's Compensation
Board and tne Unemployment Insurance Accounts Bureau. These, I think, are
self-explanatory. The Institution carries Workmen's Compensation Insurance
(Liberty Mutual Insurance Company) wnich covers our responsibility in accordance with the statutory requirements of any state in which one of our
employees may sustain an injury.
I shall send a copy of each of these letters to Mr. Woodward for
his files.
TRUSTEES
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
HARRY BROOKINGS WALLACE
Sincerely yours,
J^jjUo^-
<&• Q A - t A ^
Sheldon B. Akers,
Executive Manager
cc: Miss Adams
October k9 195U
Miss Mildred Maroney, Treasurer
The Brookings Institution
722 Jackson Place, N.W.
Washington 6, D. C.
Dear Kiss Maroney:
Many thanks for your letter of September 30 and the
enclosure.
I think I am to some degree responsible for what I
aoMt is a rather unusual organizational and procedural set up.
But various requirements seem to point toward it.
I am sure that the purposes of the Committee on the
History of the Federal Reserve System are best served by the
presence of a number of officials on that Committee. Their
participation in the Committee^ endeavors provide status and
access that might otherwise be difficult to obtain - indeed
probably impossible in some cases. And if these individuals are
to be involved, they must be on a committee which has reality;
this means some responsibility for work done.
On the other hand the Committee is not incorporated and
therefore as you know, not an appropriate recipient of a grant.
Furthermore it does not have specific organisation and housing
advantages, nor should it. And it can benefit greatly by association
with an established, highly reputable, scholarly organisation. Thus
for three reasons an association with Brookings is advantageous to the
Committee.
On the other hand I dare to think that the position of
Brookings is not unfavorably affected by association with the Committee.
What therefore seems advantageous organisation to achieve
objectives is clear. But it does make for some cumbersomeness in
operation.
That presumably can only be met by some ingenuity and
tolerance among the various people involved. Happily there is every
evidence, including your good letter that this is being supplied.
I expect I shall see you on Wednesday and also at the
Board meeting a little later.
DBWilw
Very truly yours,
COMMITTEE ON THE HISTORY OF THE FEDERAL RESERVE SYSTIM
September 30, 1954
Dear Miss Maro-,eyi
Enclosed i s my t l m e s h e e t f o r t h e month of September.
As you w i l l n o t i c e , I took s i c k l e a v e altliough I b e l i e v e I am n o t
y e t e l i g i b l e to t a k e i t w i t h o u t l o s s of p a y .
I t seemed b e s t ,
however, t o hrv« c e r t a i n a l l e r g y t e s t e done w h i l e Klaa Adttbfl wr.s
away on h e r v a c a t i o n .
w i l l you l e t Ml know vhfct you Viah me. to r?o about t h i s .
S h a l l I send you a check, and i f s o , f o r what rmourtt?
b o t h e r you with t h i s .
Sincerely,
Miss Mildred Maroney
The Brookings I n s t i t u t i o n
722 Jackson P i e c e tf.W.
;r
&3iTi.agton 6 9 D»C«
Sorry t o
WORKMEN'S COMPENSATION BOARD
• T A T E OF N E W YORK
STATE O F F I C E
BUILDING,
ALBANY
1, N.
Y.
September 27, 195*+
Mr. Sheldon B. Akers, Executive Manager
The Brookings Institution
722 Jackson Place N. W.
Washington 6, D. C.
Dear Mr, Akers:
We have your letter of September 17 in continuance
of correspondence with Mrs, Mildred Adams of the Committee
on the History of the Federal Reserve System. She inquired
of us whether the Committee had an obligation to provide for
its employees benefits under the Disability Benefits and
Workmen's Compensation Laws of New York State, From your
letter I gather, however, that your inquiry Is as to whether
or not The Brookings Institution has such an obligation with
respect to its employees. This is a new question which Mrs,
Adams did not raise.
The certificate of incorporation, copy enclosed
with your letter, bears out your statement that The Brookings
Institution is organized for scientific and educational purposes, Reading it in conjunction with the statements with
respect to the Committee on the History of the Federal Reserve
System in our letter of August 12 to Mrs, Adams, it would seem
that The Brookings Institution is exempt from the requirements
to provide Disability Benefits for its employees.
So far as Workmen's Compensation is concerned, you
will recall that in our letter of August 12 we pointed out to
Mrs. Adams that there is under that law no such general exemption for scientific and educational non-profit corporations as
is provided in the Disability Benefits Law,
Very truly vours,
JGB:Mc
John G, Brigham
Assistant Secretary
STATE
OF NEW YORK
vW*T*#
DEPARTMENT OF LABOR
DIVISION OF EMPLOYMENT
UNEMPLOYMENT INSURANCE ACCOUNTS
BUREAU
42 NORTH PEARL STREET
ALBANY
i,
.September 2 2 , 1954
NEW YORK
The Brookings I n s t i t u t i o n
722 Jackson P l a c e , N.W.
Washington 6, D.C.
rttten:
Mr. Sheldon n, Akers
Re:
In r e p l y r e f e r
LDD-2
ijoii^ittee on t h e H i s t o r y of
F e d e r a l Heserve System
to:
the
C-entlemen:
r>ased on the information submitted with your letter of
September 8, 1954 and previous correspondence with this office, it is
our opinion that the Committee on the History of the Federal reserve
Systeir qualifies for the exeti.ption provided under Section 560,
Subdivision 4 of the hew York Jtate Unemployment Insurance Law,
Accordingly, it has not become liable for contributions to the
New York State Unemployment Insurance Fund.
Very truly yours,
UNEKPLC-^LJiT INSURANCE ACCOUNTS BUREAU
Liability and determination Section
^:GD
iy
JWA^A-QZ*'
L e it
s l i e Curthoys
COMMITTEE TO STUDY THE HIdTORX OF THE FEDERAL RESERVE SYSTEM
September 27f 1954
Dear Mr. Akerss
Enclosed i s the august b i l l from the bank.
Miss Adema
a&cie ao t r i p s for the Gomel tte« during August nor hs<? she any
expenses other than those l i s t e d ,
Sincerely f
Secretary
Mr. Sheldon Bf AJcers
Brooi&ngs I n s t i t u t i o n
722 Jackson Place M.V.
Washington 6, D»C#
MISC. SO
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
I YORK 45, N. Y.
r
L
Attention:
MTE fontflnftffi* 20,
Brookings Institution,
722 Jackson 'lace,
YJashington, D« C«
?». S .
B
,
Atem. K»MMMV»
J
(Committee to Study History of
Federal Iteserve System)
^ a ^ r
1
Expenses incurred during tlie month of August 195U«
Salaries and Related Items
L, 1% Krebs
K. R* MB Kinstry
$90 hO
Social Security
v*l4l.99 3 2^
iletirement
^^•1*0 • 7.11$
Supplemental Death FJenefit
Hospitalization
Telephone Tolls (as per attached)
Supplies (as per l i s t attached)
Cost of Telegrams (copies attached)
h 8U
39 23
2 83
1 66
6 39
3 00
16 30
cental
Teleplione - including Federal Tax and
Furniture and non-mechanical equipment
(Cost $927»2*3 ^ 8$ per annum)
Mechanical liquipment
(Cost $U7U.88 • \% per annum)
#
York City Sales Tax
Ho Social Security charged on this amount.
19&
8 93
6 18
*
9h
MISC. 50
FEDERAL RESERVE BANK O F NEW YORK
33 LIBERTY STREET
NEW YORK 45, N. Y.
r
DATE September 20,
Lrookings Institution,
722 Jackson Place,
Washington, D. C«
L
J
m i n i
imvmmmmmmmmmmmtmmmtmmmmmmmmmmmmmmmmMt^mmmmmmmmmimmama^m
Thoisas A, Edison Inc., West Orange, l<ew Jersey
aintenance Service on voicewriting equipment
(receipted bill attached)
Atlas Stationery £r>rp*9 New York City, Hew York
(receipted bill attached - including IJew York City Sales Tax)
national Bibliophile Service, 'Gloucester, assachusetts
(receipted bill attached - including Hew iork City Sales Tax)
^$h
(Conndttee to Study History of
Federal Reserve System)
Attention: Mr. S. B. Akers, Executive anager
MI«IIIIIW«II M
1
114* oo
84 ^
60
l^ETI
COMMITTEE OH THE HISTORY OF TtiE FEDERAL RESERVE SISTW
September 22, 1954
Dear Mr* Akerss
Misa Adams asked me t o w r i t * and taank you f o r your tvo
l e t t e r s of September 1 7 t h ,
'Under s e p a r a t e cover I ar. tending
you t h e completed p e r s o n n e l blank and t a e I n t e r n a l Revenue Form
4-W.
You v i U n o t e t h a t I have n o t f i l l e d o u t »y S o c i a l
S e c u r i t y number.
t r a c i n g i t f o r a««
I have l o s t i t but t h e l o c a l o f f i c e here
is
I w i l l send i t to you &a soon K?J p o s s i b l e .
Miss Adams i s going on v a c a t i o n a s bf Thursday, the 23r<J,
and w l H be back i n the o f f i c e on Monday, the 1 1 t h .
Sincerely,
Secretary
Mr. Sheldon B. Akers
722 Jackson Piece N.V.
Washington 6, D#C.
HONORARY
TRUSTEES
WILLIAM R. BIGGS, Chairman
HUNTINGTON GILCHRIST, Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D . CALKINS
LEONARD CARMICHAEL
WILFRED L. GOODWYN, JR.
JOHN W. HANES
LEWIS WEBSTER JONES
JOHN E. LOCKWOOD
LEVERETT LYON
ROBERT BROOKINGS SMITH
LAURENCE F. WHITTEMORE
DONALD B. WOODWARD
OFFICERS
ROBERT D . CALKINS
President
MILDRED MARONEY
Treasurer
7 2 2 JACKSON PLACE, N. W.
ELIZABETH H. WILSON
Secretary
SHELDON B. AKERS
Executive Manager
September 20, 19$h
Dear Mrs, Singer:
Yes, our f i s c a l year runs from July 1 t o June 30th, and
the expenditures which I reported for n F . I » 1953-5U11 occurred i n
the l a t t e r half of the f i s c a l year, t h a t i s 5 i n calendar 19£Lu
n
F # Y. !t i s my abbreviation for f i s c a l year and i f I wrote U F. X#,!
t h a t was a typing error*
( I was my own inadequate typist*)
Yours sincerely^
^/7ii^(yuJ
Trea surer
Mrs. Ellen Colt Singer,
Secretary,
Committee on the History of the Federal Reserve System
TRUSTEES
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
HARRY BROOKINGS WALLACE
77IA*^SIS
COMMITTEE ON THE HISTOHI OF THE FEDERAL RESERVE SYSTEM
September 17, 1954
Dear Miss Maroneyj
Miss Adams asks me to thank you for sending copies of the letter
from the Rockefeller Foundation*
I shall send one on to Mr* Woodward
and keep the other in our files here. All of us, the Rockefeller
Foundation, the Brookings Institute, and the Committee, seem now to
have the same inforaation as to the time element in these two funds •
I take it that your fiscal year runs from July l3t to June 30th,
and that this is >&y you speak of Committee expenditures in nFJ*« 1953-54*•
lou know, of course, that the pilot project did not begin, and no
moneys were received, until the calendar year 1954*
If this is understood, Miss Adams sees no reason why the foxroula
you have worked out for the next budget request should not serve
admirably*
Sincerely yours,
Secretary
Miss Mildred Maroney
The Brookings Institution
722 Jackson Place N*W«
Washington 6, D*C.
TRUSTEES
WILLIAM R. BIGGS, Chairman
HUNTINGTON GILCHRIST, Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D. CALKINS
LEONARD CARMICHAEL
WILFRED L. GOODWYN, JR.
JOHN W. HANES
LEWIS WEBSTER JONES
JOHN E. LOCKWOOD
LEVERETT LYON
ROBERT BROOKINGS SMITH
LAURENCE F. WHITTEMORE
DONALD B. WOODWARD
HONORARY
OFFICERS
ROBERT D. CALKINS
President
MILDRED MARONEY
Treasurer
7 2 2 JACKSON PLACE, N. W.
ELIZABETH H. WILSON
Secretary
SHELDON B. AKERS
Executive Manager
September 17, 1954-
Miss Mildred Adams
Committee on the History of the Federal Reserve System
55 Liberty Street
New York 15 > New Jork
Dear Miss Adams:
I have your letter of September 15 relative to the employment of
Mrs, Singer, Her qualifications for the position are, I think, quite
impressive.
I am sending under separate cover a few of our personnel blanks.
Please nave her complete and return one of these to us. She should also
fill out and return a time sheet at or near the end of each month. Since
we pay on a monthly basis we prefer to translate her weekly salary to an
annual one of
and pay her at the rate of
per month. Is
this satisfactory to you? Pleae have her complete the enclosed Internal
Revenue Form W-4 and return it to us.
TRUSTEES
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
HARRY BROOKINGS WALLACE
Sincerely yours,
^HJti^L^^
<T3. {jJh-lASd
Sheldon B. Akers,
Executive Manager
TRUSTEES
WILLIAM R. BIGGS, Chairman
HUNTINGTON GILCHRIST, Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D . CALKINS
LEONARD CARMICHAEL
WILFRED L. GOODWYN, Jfc.
JOHN W. HANES
LEWIS WEBSTER JONES
JOHN E. LOCKWOOD
LEVERETT LYON
ROBERT BROOKINGS SMITH
LAURENCE F. WHITTEMORE
DONALD B. WOODWARD
HONORARY
OFFICERS
ROBERT D . CALKINS
President
7 2 2 JACKSON PLACE, N. W.
MILDRED MARONEY
Treasurer
ELIZABETH H. WILSON
Secretary
SHELDON B. AKERS
Executive Manager
September 17, 1954
Miss Mildred Adams
Committee on the History of the Federal Reserve System
S3 Liberty Street
New York 15, $ew York
Dear Miss Adams:
As requested in your letter of September 14, I am enclosing a
copy of our Certificate of Incorporation and a photostatic coi^y of
the tax-exemption letter from the Bureau of Internal Revenue* I
am also sending a copy of our Certificate of Incorporation to Miss
Donlon at Albany*
Sincerely yours,
Sheldon B. Akers,
Executive Manager
Enclosures filed In Brookings file (ecji, 9/20/54)
TRUSTEES
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
HARRY BROOKINGS WALLACE
S e p t e m b e r 1 6 , 195U
MEMORANDUM
To:
From:
D r . Adams
^
M i l d r e d iferoney/'T^J^tw
Thanks for your l e t t e r .
Here are two copies of a l e t t e r from the ^ockefeller Foundation
(one for Mr* Woodward) which seems to concur with the combining of
RF GA SS %0k and RF 51*061.
I had w r i t t e n Mr. G i l l e t t e t h a t we
needed no additional cash at this time, t h a t the encumbrances on the
grant were for the record
I t would be my idea t o straighten out this matter #ien budget i s
submitted to R. F# next summer for F . Y. 1955-56•
I t h i n k we might
then base our cash request on the following formula:
1.
Budget for 1955-56
X
2m Expenditures from beginning of p i l o t
project to June 30, 1955:
F, Y. 1953-5U..
F* Y. 195U-55
Total
Subtotal
$12,P38,6U
x
•*••••
X
•
•*••*•*••.....
X
3m Less r e c e i p t s to June 30, 1955:
1953-5U (Under GA SS 5U0U) 10,000.00
19$h-& (Under RF 5U061)
53,325*00*
Total
Cpsh request as of 7/1/55
•
-
|63,325.00
X
^As presently scheduled j we have already recciived one-half of t h i s amount
VERIFAK COPY
THE ROCKEFELLER FOUNDATION
49 WEST 49th STREET, NEW YORK 20
CABLE ADDRESS:
OFFICE OF THE COMPTROLLER
ROCKFOUND, NKW. YURK
H, MALCOLM G I L L I T T I . C O M P T R O L U K
GEORGE E. VAN D Y K I , ASSISTANT COMPTKOLIEK
September 13, 195 U
Re:
OA SS 5U0U, RF 5U061
RF $218$
Dear Miss Maroney:
We thank you for your letter of August 27th, enclosing
your statement fcr the year 1953—5U under appropriation RF 52185,
duly certified.
We also wish to thank you for your statement of expenditures in connection with our grant QA SS ShOh for an exploratory
study of historical materials relating to the Federal Reserve
System. We note that you report expenditures of $12,038#61| as of
June 30, 195U, of which $10,000 is chargeable to GA SS 5U0U and
the balance to RF 5^061• Since our grant 3A SS 5U0U has been expended in full we are now closing this account on our books.
Very truly yours,
Miss Mildred Maroney, Treasurer
The Brookings Institution
722 Jackson Place, N. W.
Washington 6, D# C.
fg
COMMITTED On THE HISTORY OF THE FEDEPAL RESERVE SYSTiM
September 15, 1954
tear Mlas tferoneys
The origin of our "deficit of $2,038*64* sees® to be
between Br. Calkins and me. In his letter of August 11th, Br.
Calkins ©aid, "Miss Maroney reports that as of the end of June
we had spent #12,033.64, which is en over-run of #2,038.64 above
the flOjOOO grant originally made by the Foundation... This raises
a question as to whether we should ask for 12,038.64 more froa the
Foundation to cover those expenditures, or whether w@ should endeavor
to absorb them in the 'budget for the coming year.*1 In subsequent
considerings, this over*run seems to have been converted into a
deficit. I a» glad to learn from your letter of September 10th
that the funds for the pilot project and the five year grant can
be combined, and that therefore this deficit, which so depressed
me, has never existed. •
Such signal flags as your letter are most helpful to
me in keeping our budget under control. Mr. Woodward and I are
glad that you have straightened out this confusion and that you
will be keeping watch for us In the future.
Sincerely,
Mildred Adams
Fesearch Director
Miss Mildred Maroney
The Brookings Institution
722 Jackson Place, !•¥«
Washington 6, D. C.
e.c. Dr. Robert Calkins
President
The Brookings Institution
722 Jackson Place, N.V.
Washington 6, D. C.
Mr. Donald Woodward
Vick Chemical Company
122 East 42nd Street
New York City 17, N. Y.
COMMITTEE
m t:& aiswHi or THE
FEDER^ RESERVE SISTIH
gspt—1>r 151 1954
Pear Kr« Akerst
l a the —jjIsT i f personnel for t h i s o f f i c e , «• h*1*^, up to the
present, proceeded on Wk errangesient under vhlch the Bank loaned us
whomever ve needed 9 MMI charged ua for t h e i r services,
I t hag beta understood t h e t - I n moving fro& the p i l o t pfcet to the
Ifltgfg pvojeet VS. vould eng t h i s &o&e«het awkward pl*n n d take on our
ovn people, vho MMtU be paid d i r e c t l y from our fmd.%*
The f i r s t of these MM to wife or* Thursday, flapteMMT 9th•
^r
nsM^ in Ellen Colt ^i?iger (Mrs. Theses. S i f t e r ) and her address l i
Cae WSI graduates' fpMi IsMS? la
1946, 1*4 MftXdi • M u t e r * i decree fre& I t d o l i f f e . fine MM«i to tMI a$
executive secret* xy i»d reseirch a s s i s t a n t s t • palsjy of
I f i t i s convenient for you she vcrol^ r a t h e r bo paid by the aonth,
dating from SepWMs«r 9 t h ,
Mrs. 81nfer bm§ gene through the regular lii'eswMil pro—si of IbJj
bs.sk tad has f i l l e d out t h e i r application blank* 'd&v references have
all .replied with tnttat*iftstt«
If pea weals' like her te fill wit •
Brookings blank for ymxr f i l e ? , she v i l l be glad to do so, or I can
send you the Bank** blank*
Ve are in the protests of finding I il—ejUPhSI'' If Ml 11, and I
v i l l l e t you knov vhen ve $re Ma*tif*fttl« Ve hope to be as lucky
as Vt are with Mr.*?. Si-ger»
Very ..-lncerely yours,
Kildred I t i l l
Research Director
Mr. fteXdea i k e r s
Brookings I n s t i t u t i o n
722 Jackson T'l&m I*V«
Washington 6, D.C.
ec* Dr. Calkins
Mr, Donald B. MMNMNI
Vick Ghesdesl Cseipergr
122 East 42nd s t r e e t
Nw lork 17, ! • « Xork
COMMITTEE ON THE HISTORY OF THE FEDERAL RESERVE SYSTEM
September 14, 1954
Dear Mr, Akers*
In reference to your l e t t e r of September 10 on the question
of what evidence should be furnished to the Workmen's Compensation
Board of New York S t a t e , I h a r t reread Hiss Donlon'a l e t t e r of
August 12, She r a i s e s the question of the character of Brookings
but does not mention anything which would I N K to c a l l for evidence
of the I n s t i t u t i o n ! ^ tax-exenpt status* I w i l l write Miss Donlon
again i f you wish, but ny own guess would be t h a t the c e r t i f i c a t e
of incorporation would probably carry the information she needs.
Would you be kind enough to sand us i copy of the Brookings
c e r t i f i c a t e of incorporation and • photostatic copy of a l e t t e r
from the Conmiissioner of I n t e r n a l Revenue as evidence of exemption
from payment of Federal income tax under Section 101(6) of the
I n t e r n a l Revenue Code. I think vs ought to have t h i s m a t s r i s l in
our f i l e s .
Sincerely yours,
Mi16 red A dam 3
Research Director
Mr. Sheldon B, Akers
Brookings Institution
722 Jackson Place N.V.
Washington 6, D»C«
HONORARY
TRUSTEES
WILLIAM R. BIGGS, Chairman
HUNTINGTON GILCHRIST, Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D . CALKINS
LEONARD CARMICHAEL
WILFRED L. GOODWYN, JR.
JOHN W. HANES
LEWIS WEBSTER JONES
JOHN E. LOCKWOOD
LEVERETT LYON
ROBERT BROOKINGS SMITH
LAURENCE F. WHITTEMORE
DONALD B. WOODWARD
TRUSTEES
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
HARRY BROOKINGS WALLACE
OFFICERS
ROBERT D . CALKINS
President
Pa0lfmgttm B, | L COL
MILDRED MARONEY
Treasurer
7 2 2 JACKSON PLACE. N. W.
ELIZABETH H. WILSON
Secretary
SHELDON B. AKERS
Executive Manager
September 10, 19£U
Dr. Mildred Adams, Research Director
Committee on the Histoiy of the Federal Reserve System,
33 Liberty S t r e e t ,
New York U£, N. Y.
Dear Dr. Adams:
Mr. Akers showed TIB your l e t t e r of September 7j and I am disburbed
about your statement t h a t the five year Rockefeller grant began on July ! •
If t h a t i s t r u e , our accounts were not closed out properly f o r the f i s c a l
year ended June 30, ±95k9 whereby I credited $12,038.61* to income for the
year ended June 3 0 , 195>ii and showed on our balance sheet a pledge receivable
in amount of $310*000 offset by a (book) reserve for unmatured pledges i n
amount of $307,961.36—the l a t t e r figure representing the unexpended balance
of grants of $10,000 and $310,000 in combination
Before authorizing closing e n t r i e s , I went over with our auditor the
contents of correspondence between Dr. ^alkins and the Rockefeller Foundation
and he seemed t o f e e l t h a t I had made the correct i n t e r p r e t a t i o n s *
Under the o r i g i n a l n o t i f i c a t i o n of R. F . GA SS 5U0li ($10,000), t h i s
grant 7<ras available for use u n t i l April 30, 1 9 & , and your s a l a r y authorization
by Dr. ^ a l k i n s was coterminous.
On April 30, however, Mr. Willets wrote Dr.
Calkins extending GA SS 5k0k t o September 30, 19$h9 and on that date Dr.
Calkins extended your appointment (for 19E>3-5h) t o June 30 #
On May 2k9 the Rockefeller Foundation notified us of the grant of
$310,000 (R. F . 5U06L), and s t a t e d :
"This grant i s in addition to the
Foundation's grant No. GA SS 5>U0U, and t h e combined sums are available for t h e
period ending May 3 1 , 1959 *n ( I t a l i c s mineTJ
No beginning date for the
new grant was specified.
I simply inferred from the above language t h a t
revenue might be allocated from the aggregate of $320,000 for the period
ended June 30 on the basis of expenditures from the beginning of the p i l o t
project t o t h a t p o i n t .
Otherwise, I f e e l t h a t I should have sought
more information concerning -Hie division of expenditures between t h e p i l o t
project and the project proper, which did not seem to me to be necessary.
The statement of expenditures which you and Dr* Calkins received
for the period ended May 30 was misleading because the account to t h a t point
was on the cash b a s i s j t h a t i s to s a y , "expenditures" i n May were for gay
periods ended April 30 in so far as accounts rendered by the Federal Reserve
-?,
Bank were concerned. When we closed our accounts for the year ended June 30,
I placed this account on accrual basis in order to comprehend a bill submitted
in July for the month of June.
(For complete consistency, I should also have placed the expenditures
under the Kincaid contract on an obligations basis; however, I did not do that
because the budget submitted by Dr# Calkins to the foundation for the period
commencing July 1 indicated absorption of $2,667 of the contract under that
budget, )
In view of the confusion which has arisen, I wish I had bad an opportunity
to raise a signal flag in this matter, but I was spared the task of auditing
memorandum statements which were rendered to you and Dp# Calkins #
I am glad to share with Dr. Calkins the view that ihis will all come out
in the wash, but feel I should go on record with an explanation at this juncture*.
If either you or Mr, Woodward feel that matters were not properly handled, I
would like to know it in order that I may take steps to prevent repetition*
Yours sincerely,
Treasurerm
TRUSTEES
HONORARY
WILLIAM R. BIGGS, Chairman
HUNTINGTON GILCHRIST, Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W . BELL
ROBERT D . CALKINS
LEONARD CARMICHAEL
WILFRED L. GOODWYN, JR.
JOHN W . HANES
LEWIS WEBSTER JONES
JOHN E. LOCKWOOD
LEVERETT LYON
ROBERT BROOKINGS SMITH
LAURENCE F. WHITTEMORE
DONALD B. WOODWARD
OFFICERS
ROBERT D . CALKINS
President
7 2 2 JACKSON PLACE, N. W.
September 10, 195k
MILDRED MARONEY
Treasurer
ELIZABETH H. WILSON
Secretary
SHELDON B. AKERS
Executive Manager
Miss Mildred Adams, Research Director
Committee on the History of the Federal
Reserve System
33 Liberty Street
New York U£, New York
Dear Miss Adams:
I enclose a copy of my letter to the Bureau of Excise
Taxes, also a copy of my letter to the Unemployment Insurance
Bureau at Albany* I shall keep you posted as to their replies •
It seems clear from Miss Donlon's letter to you that
we are not required to provide benefits either under the Workm e n ^ Compensation Law or the Disability Benefits Law of the
State of New York* It is not clear to me, however, whether we
are expected to furnish evidence of our tax exempt status to
this Board* Perhaps you can advise me as to this*
Sincerely yours,
Sheldon B* Akers
Executive Manager
SBA:ml
TRUSTEES
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
HARRY BROOKINGS WALLACE
UStasfrmgicm Li, XL (C.
September y, 19f&
Bureau of Excise Taxes
Ik Trinity Place
Hew Tork 69 Mew lork
Gentlemen:
The Brookings Institution has an office unit engaged in
research in Sew Tork City and wishes to apply for exemption froa
the payment of the Sew Tork City sales tax. This unit is the
CowBJttee on the History of the Federal Beserve System and is
located at~l3 liberty Street.
In laaking this application the following are presented for
your consideration!
1. A copy of our certificate of incorporation,
2.
A photostatic copy of a letter from the
Coaus&ssioner of Internal Revenue as evidence
of our exemption froa the payment of Federal
income tax under Section 101(6) of the
Internal Revenue Code.
3. A financial report showing the nature of our
receipts and disbursements.
ffe also wish to state that, as a semi-pub lie institution, we
are exeapt from the payment of the sales tax in the District of
Columbia--our exemption number bej.ng
.
Please let us know if additional information is needed.
Very truly yours,
Sheldon B. Akers,
Executive Manager
i&iclosures
September 8* 19$k
Unemployment Insurance Accounts Bureau
liability and Determination Action
k2 forth Pearl Street
Albany 1* Mew York
Attention: Mr. laslie Curthoys
lour Reference* H)D2
Gentlemen*
Eeferenee is made to your letter of August 9$ 195k to the
CoOT&ttee on the History of the federal Eeserve System, at 33 liberty
Street$ Mew York City. Tide Committee, under the supervision of the
Brookings Institution* is engaged in a study of the History of the
Federal Reserve System• The disbursement of funds and other administratis natters are handled by the Institution*
In your reply to our inquiry as to liability for contributions
under the Mew York State Pnefflploynent Insurance lair you stated that
the law granted exemption to ^any corporation # • » operated exclusively
for * • • scientific* literary or educational purposes* no part of the
net earnings of #iich inures to the benefit of any private shareholder or individual*11
We think that we qualify for exertion under this provision of
the statute and present the following exhibits for your considerations
1* A copy of our certificate of incorporation.
2* k copy of oar bylaws.
3 . A p h o t o s t a t i c copy of a l e t t e r from the Gomissioner of
I n t e r n a l Revenue as evidence of our exemption from the payment
of Federal income tax under Section 101 (6) of t h e I n t e r n a l
Bevenue Code*
Please l e t us know i f a d d i t i o n a l information i s needed*
Very t r u l y yours 3
Sheldon B* I t e r s *
Executive Manager
Enclosures
CQHKimE OS THE HflSTOHI OF TM FEDERAL RESERVE 8TSTEH
September 7, 19 54
Dear Mr* Akerst
Thank you so much for sending ©e the eonmittee,& accounting
insofar &a you have i t * This apparently (unless the bank finds sotsething which has not been charged to ua) ha® given us a f u l l account for
the period of the p i l o t project* that period began January 15* 1954*
and ran for four aonthe which would naan i t would bs normally finished
Hay 15, 1954*
According to the raoord you sent M our expenditures from
January 15 to Hay 30, 1954 (two weeks longer than va«? tachanically
allowed for) totaled U$679.30, that would leave us ll,?20*'?0 available
for June study. We spent 13,359*34 which included the f i r s t payment
on Dr. Kinkaid's project and l e f t us* a d e f i c i t of $2,03$ *&4*
Dr» Calkins and I discussed the Ratter and ways of handling
this d e f i c i t . The five year Rockefeller grant began on July 1* The
July expenses war© heavy but August expenses have bean l i g h t m6 now
that we have started on the new budget I think there i s vfry proba b i l i t y that we can absorb the d e f i c i t before the m^ of the f i s c a l
year. X would hope to absorb i t before the calendar year but this
m&y be again unduly optomlstic, and I may be counting too such on the
record of under spending which we sadc during the p i l o t project* uowever, now that we h»rm a longer record of expenditure to judge by w
can kmmp closer watch in t h i s office*
I ea sending Br* Calkins a copy of this l e t t e r so that he
may also have the record.
y^xf sincerely yours,
Mildred Ada&s
He search. Pi. rector
Mr* Sheldon B* Akers
Brookings Institute
722 Jackson Place, *•¥•
Washington, D*C.
cc to Dr, Calkins
(LCJIITIW
COMMITTEE ON THE HISTORY OF THE
FEDERAL RESERVE SYSTEM
Expenses to September 1, 1954
J an .-Apr.
Staff s a l a r i e s
$4,166.37
Clerical s a l a r i e s . . . .
1,373.93
Travel
690.31
Office supplies
233.53
Telephone & telegraph.
60.45
Equipment rental . . . .
251.83
Postage
1.02
Freight & express . . .
Contract p a y m e n t . . . .
Equipment purchase . .
Other
u
Total
$6,777.44
May
June
Total
July
$1,115.04
492.26
189.09
20.56
23.93
52.28
4.06
-
$1,195.77
521.93
78.26
48.91
11.09
20.05
$6,477.18
2,388.12
957.66
303.00
95.47
324.16
1.02
154.06
1,333.33
4.64
$1,315.82
285.72
429.73
22.05
9.88
18.36
-
$12,038.64
$4,092.77 (Incomplete)
150.00
1,333.33
4.64
$1,901.86
$3,359.34
1,333.33
677.88
5
\
TiTul
4~UVK><
1
$+*•"*•'*
£vvt
:-i»*^«*v*B«^
Cl-V
/6
August
$
6.60
-29.42
.76
1,333.33
TRUSTEES
HONORARY
WILLIAM R. BIGGS, Chairman
HUNTINGTON GILCHRIST, Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D. CALKINS
LEONARD CARMICHAEL
WILFRED L. GOODWYN, JR.
J
W. HANES
LEWIS WEBSTER JONES
JOHN E. LOCKWOOD
OFFICERS
ROBERT D. CALKINS
President
MILDRED MARONEY
Treasurer
7 2 2 JACKSON PLACE. N. W.
ELIZABETH H. WILSON
Secretary
LEVERETT LYON
ROBERT BROOKINGS SMITH
LAURENCE F. WHITTEMORE
DONALD B. WOODWARD
August 50, 1954-
SHELDON B. AKERS
Executive Manager
Miss Mildred Adams
Committee on the History of tne Federal Reserve System
55 Liberty Street
New York ISj New York
Dear Miss Adams:
Thank you for the check of |29«42 representing the difference
between tne |200 in Travelers Checks and your expenses of $170•58,
We prefer to handle it in this way rather than carry the difference
into the next month.
TRUSTEES
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
HARRY BROOKINGS WALLACE
Sincerely yours,
JtLJU^rt.
CLW^
Sheldon B. Akers,
Executive Manager
August 24, 1954
Dear Mr. Akers*
I am sending herewith the expense account for July.
It includes on© detail we have not previously coped with*
For the Denver trip the Bank bought me |200 in Travelers Checks for
which yoia will note a charge of $201,50. Our expenses on that trip
amounted, to 1170*5$, I do not know -whether it would sake it easier
for your records to have se send you a check or to carry a debit to
ae forward into August. I am, however, assuming that you would prefer
the first course and I as. therefore enclosing s^r check for the difference
between |2CX> and $170.53 which Is #29.42. If O H the other hand you would
rather carry a debit forward, that is entirely satisfactory end I will
destroy the check, Vould you let m® know about thief
Sincerely yours,
Mildred Adams
Research Director
EQ:C«
Mr, 8. Mm Akers
Executive Manager
Brookings Institution
722 Jackson Place, H.¥.
Washington 6, D. G.
August 10, 1954
xjr
, .
Memorandum
Miss Adams
to
,
S. B. Akers
from
Check for |7.S6 mailed to Mrs. Elizabeth Abolin today
August 4* 1954
Lear Mr. Alters5
I have bees having tea* copying done at the Library of
Congress for which ve owe ft July bill^ and I wonder if yem csn pay
it for us on this simple kind of a request. Mrs. Elizabeth Abolin,
204 Philadelphia Avenue, Takoma Park 12, Maryland should be paid
$7.36 for typing and supplies. The exact ietails ere u follows:
7pp - One register, typing copy at $.60 a p. -
Paper
I vill be aost grateful if you can take care of this for us.
Sincerely yours,
Mildred Adaias
Research Director
Mr. Sheldon Afcers
Brookiags Institution
722 Jackson Place, N.V.
Washington 6, D. G.
DONALD B. WOODWARD
122
EAST 4 2 ^
STREET
NEW YORK 17, N. Y
July 30, 19Sh
Miss Mildred Adams
Committee on the History of
The Federal Reserve System
33 Liberty Street
New York, N.I.
Dear Miss Adams:
This will notify you that the Committee owes Mr. Woodward,
for two telephone calls made to you in Westport, Conn., the amount
of #5.30 (.U5 & 1$.80) made on June 13. Will you please send him a
check for this amount.
Cordially,
Secretary t o
Donald B. Woodward
MISC. 50
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
NEW YORK 45, N. Y.
T~
Attention:
Brookings Institution,
722 Jackson iiace,
lashington* D. C*
DATE
% S. B. Alters, E»CutiT» Manager
J
19
(Committee to Study History of
Federal Reserve
)
Expenses incurred during the month of July
Salaries and Related Itega
£• R^ MclCimtry
T, MegUo
Social Security
Betires»nt
3u^pplemental Death Benefit
1707
($25°.13 at
($707.31 at
(1707.31 at
t%)
7.1W
.535*)
OvertJae
L. M. Krebs (see schedule attached)
Social Security on $1*$$ at 2%)
Supplies ( as per list attached)
Cost of Telegram aiarlottesfille, Virginia
Rental
Telephone - i n c l u d e Federal Tax aM Hew lork City Sales Tax
Furniture and non-mechanical equipment
(Cost #927*1(3 at $% per annum)
* Ho Social Security charged on this amount.
5
IS
»
3
6k
1
22
55
03
05
95
8
n
6
18
MISC. 50
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
NEW YORK 45, N. Y.
August 20*
jIEookings Institution,
722 Jackson Place,
Washington* D. C.
Attention: **• &•
Cental
B#
DATE
J
19
(Committee t o Studfcr History of
Federal Reserve System)
&**** EaB&cutive Manager
(Contfd)
Mechanical Equipment
(Coat $U7k»38 at l$% per annum)
Bental of Voieewriter for Miss Ka Adass period of July 1°# l°Sk to
July 23* 2 £ & at the Jefferson Hotel, St« Louis, Missoaxi.
(receipted bills attached)
Thomas A* adison Incorporated, West Orange* Hew Jersey - i'urchase
of Voicewriting iSquipraent * including Hew lark City Sales Tax
(receipted bill attached)
Traveling
7/16/3* - Miss M, Adama - Mew York, Kew lark* Denver, Colorado
round trip
Cost of Travelers cheques purchased July 16* 1951; for
Kiss M. Adams
1
$
A
6
A
677
88
•
228
201
$1,926
n
so
"H
July U , 1954
Gentlemen:
I an informeu by the New York office selling £dieon
Voicevriters that their travel service is available through you,
I plan to be in St. Louis July 19th through the 22nd, I will
be arriving at the Jefferson Hotel the evening of the 19th.
Vould you be so kind as to have an Edison VGicevriter there
for my use vhen I arrive.
that the charge for this service will
be v3«00. I aia sending you vith this
Travel Service Order.
Thanking you for your courtesy, I aa
Very sincerely yours,
Mildred Adams
Research Lirector
Kac.
Edison Voieevriter
1714 Olive Street
St. Louis, Missouri
TRUSTEES
TRUSTEES
WILLIAM R. BIGGS, Chairman
HUNTINGTON GILCHRIST, Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D . CALKINS
LEONARD CARMICHAEL
I-- GOODWYN, JR.
^
JANES
LHwfs WEBSTER JONES
JOHN E. LOCKWOOD
LEVERETT LYON
ROBERT BROOKINGS SMITH
LAURENCE F. WHITTEMORE
DONALD B. WOODWARD
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
HARRY BROOKINGS WALLACE
OFFICERS
6, JL QL
ROBERT D . CALKINS
President
MILDRED MARONEY
Treasurer
7 2 2 JACKSON PLACE, N. W.
ELIZABETH H. WILSON
Secretary
SHELDON B. AKERS
July 15, 1954
Miss Katherine McKinstry
Committee on the History of the
Federal Reserve System
II Liberty Street
New York U5, New York
Dear Miss McKinstry:
Herewith our check covering the charges in the Bank's monthly
statement for June 1954* also one covering Miss AdamsT personal
expense account for the same period.
Sincerely yours,
Sheldon B # Akers,
Executive Manager
Executive Manager
Julj 13, 1954
Dear Mr
Under the new system, inaugurated this month,
X m sending you herewith the Bank'& monthly statement
of Charges oa account of the above Gomittee, together
vita Miss Adams' s personal expense account for the
aonth of June 1954.
Sincerely yours,
Secret&ry
Mr. Sheldon B. Akers
Executive Manager
The Erookings Institution
722 Jacksoa Place, N V.
Washington 6, D C.
encs. (2)
v-
MISC. go
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
NEW YORK 45, N. Y.
r
DATE July 8,
Institution*
722 Jackaon
D» C.
a
*
Attention:
during tb@ nonth of June
J
t istorjr of
(C&saittee to
Federal
f.
1Mb
at
s? 85
aafit ($3011*63 at *
1
1U
66
2
S5
26
75
^©dorel Tte and Him Io«fe
of
(p«r U « t attached
Cost of
aaid supplioo
Sales Tax
6*3
IS
2$)
tolla (aUaohed)
fax
19 *
tortc City
17
MISC. 50
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
NEW YORK 45, N. Y.
DATE
72f Jackson
W
to
J
! • • • • ii
Bisfcoty of
Attention
tax mA
tm
IB
per
.1* M m , mm Xaats, ! • f.
0. 0*
llenr
11
July 13, 1954
Bear Itemt
We b*T& been looking up the atntter of expenses charged
ind re-peld sitl ftottsi the following
February &~5 jou Mi I vest to Vsshingtozu Th# Sank
"bought trassportfetion for both of us andfeec&us*you had to go
for both Srookl&gs and the Cooaittee you charged tlM OMHI%MM
for nothing except railroad f*re. In a l e t t e r of Fobrusry 15th,
you sent » &tat@&d&t of outlays oi\ 3BQf sccount IMMMtSflf tc $13*15*
I thought X bad Mftft X
| MB a cb#ok for t h i s , bat ve bsfi 110 record
it? our files. I will tr^ek. i t dovn at
March 3, 19*4- I s#ist y©u a eh#ak for |5*QO tc
costs of » bu£,.laesfe lunchsoa for thft Coisoitte*.
April 7th you and I vent to V*shicgton F'or a single
HM Baiik bought tr«.as»port4tioiA eKWlpi thfe»t jnm paid for
your own Fmlaum seat. Qto May X$Vk I Mftt |na ^ personal
di«ck for thiBt mti rm&ln^&d you th»t we hau no other record
of expeoditarea for both of us including hVMkfMtj **t$mt
dicaer, taxis aed tip», We s t i l l b»vt» aoK©, but n i l l &&*
a MypXaMBtttty churg® to Brookings if you can send us this
record of expenditures on April 7th.
Qa PMJ 11th, you and I ven't to Washington and
gare us ft a«fsora.iidia« of |12,75 for expense*» 1hm% check should
have be#n sent ywi aod I enclose I t herewith alttSjf vlth deep
apologies.
If t h i s record i s correct, the only other amount for
wbieh ve fcevs received * neBor&ndum &nd say or may not h«vs
returned aatpeasss to you is the 113.15 of February, i s I said
before, I will try to trsck this down in sjf own records.
is a perfect description of PQT gratitude for the
fact that I do l # tfc»5Ptto do t!v© Coooilttee1 s bookkeeping.
Best es always,
lnc»
Mr. Donald B. Voodv&rd
Viek Chemical Camp®®?
122 Bast 42ad Street
Ketr York 17f H, I ,
Mildred Adass
M I S C . 4A.3-8OM-2-B3
FEDERAL RESERVE BANK
OF NEW YORK
OFFICE CORRESPONDENCE
OATEL
July 6, 1954
SUBJECT;
FROM
Miss Adams
Mrs* Williams telephoned this morning to say that Mr* Woodward had
not been reimbursed for expense accounts put into the Brookings and I vould
be grateful if you vill check whether or not they actually did come in* He
said that on February 4. and 5 he vent to Washington and rail fare vas to be
paid by the Committee on April 7 same thing is tfue.^jfewo things may have
happened on this, first that ve brought the tickets and paid for them and
he has forgotten it, or second, that we put in a charge to the Brookings
and then I forgot** to send Mr. Woodward a check when the money came back
from Brookings.
Would you look up these dates and our expense accounts and find
our as much as you can* Meanwhile, I will look in my check book to see
what checks I have sent Mr* Woodward to reimburse him for committee expenses*
Will you telephone Mrs. Williams on Friday when you get this sorted
out/ She may then have other dates which have not been taken care of.
June 3,
Memo to Mi SB McKinstryt
Yesterday Dr. Calkins and Mr. Woodward discussed several
points in the operation of the Goimittee over the longer period*
Budget
practices vas one item. In the main things will go on as they have been
moving under the pilot project, but Dr. Calkins asks that in the future
the Bank direct its monthly statements of Committee costs to this Committee instead of to Blockings. We will then check the charges made and
forward the bill to Brooking** for payment.
Whether that payment will be
made to the Bank directly or to the Committee^ and then to the Bank was not
discussed.
As I remember, the present policy is that Brooklngs forwards
the check to us and ve forward it to the Bank.
Would you send the appropriate "aemorandirn on this to the appropriate officer in the Accounting Department.
Thanks much,
Mildred Adams
MISC. 50
FEDERAL RESERVE BANK OF NEW YORK
3 3 LIBERTY STREET
NEW YORK 4 5 , N. Y.
nBrooklngs Institution*
"I
722 Jackaon ^ lace.
L
J
J. ,
DATE
(Coxalttse to Study History of
Federal Beaerve ^ystea)
Attention:
».-'
ineorred during the month of May
Salaries and xlolaUd Itegg
T.
SooiaX
Retli miiant
Daath Benefit
(1691.53 at 2%)
at
at *!
Telephone • including Federal tax and Mew lark City Sales Tax
Furniture and non-raechanlcal equipment
(Coat vlTUhP at 3^ per annum)
I*ediirrlna1 I quipntant
(Cost £klk*8& at T&% per mmm)
Thomui V Kdlaon* Xnoorporat«d# leat Orange, tar Jersey - Bental
of Voicewritlng ^qoipasnt • includii^g Mem loik Citgr
Tax (receipted b i n attached)
MM
53
13
83
72
3
1
66
8
93
5
Hi
5
A
la
20
B
•
i
C
MISC. SO
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
NEW YORK 4 5 , N. Y.
r
DATE Juno 23.
Institution*
722 Jackeon Place,
J
to ^ t w ^ History of
Federal iiosorve S
Attention: ls»« S« B« Akarn. tfrecutivo
''<uppli.es (per l i s t attaciiQd)
, • • 1
*
16
Tislophoo© and ?*(l4^p*sjpb;
Telo;tf»ne t o l l s (attachad) inclining Federal Tax and r&v York
City aLos Tax
. f f-Lf jQ
»/ UE#i M
' •
^/ a
Cost of Leased Wire ToXaerans
67
7 69
• *^
U
^ / l l / 5 k * tass n* team a®& *lr. Donald D. oodsmrd, Nav York, !!•!•
"-i'adhir^tow, B* 0» round t r i p
02
5/20/% - IHs* M, Adores, iiaw Ifork, !Ut«
QBBHway r a i l t i c k e t Tiashir^ton, 22«G«
IS 16
5/25/9* - Mas ?!• Adams, ^^w York, IUX»
Doston, Mass, round t r i p
20 87
"tlas .^tatiooary Corooration, fkm York, BJU (reoaipted b i l l s
attached)
Heros Business Book Co*, Bern York, UY. (receipted b i l l attached)
17
to
MEMO
TO//; jSD^D
F"
D
"VL_,
RE:_
COMMITTEE ON THE HISTORY OF THE
FEDERAL RESERVE SYSTEM
Expenses to June 15, 195U
January
Staff Salaries
570.35
Clerical Salaries
3U.00
Travel
103.1*3
Office Supplies
51.17
Telephone & Telegraph . . . 10.70
Equipment Rental
7.80
Postage
Soc. Secretary Miss Adams' salary .... 8.33
785.78
February
1,112.54
303.12
238.30
kZ.kl
15.9k
8.15
16.66
1,737.12
March
1,217^7
hk2.Sk
126.61
95.13
17.91
133,9k
16.67
2,050.27
April
May
Total
1,2073? 833.33 1*,9U.38
59U.27
1,373.93
221.97 83.UU
773.75
kk.82
233.53
15.90
60.1*5
101.91*
251.83
1.02
1.02
16.66 13.68
2,2OU.27
93O.U5
72.00
7,707.89
/)
MISC. 50
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
NEW YORK 45, N. Y.
r Brookings Institution,
DATE
1
722 Jackson Place#
Washington* D* C.
J
May 21,
(Consaittee to Study History of
Federal Reserve System;
Attention: Mr* S, B« Akers* Executive Manager*
Expenses incurred daring the month of April 1994: Salaries and Related Items
U
K.
T,
H#
If. Krebs
R, iteKinstry
Meglio
V. McGiff
Social Security
($7814.71 at
2%)
Retirement
($7814.71 at 7.19$)
Supplemental Death Benefit ($7814.71 at *$l$%)
Hospitalization
Overtiiae (See schedules attached)
Social Security on Overtime
$781*
71
15
69
k
t
Ok
66
67
8
93
h
67
5
9U
1
\a
u
Rental
Telephone - including Federal tax and New lork City Sales tax
Furniture and non-sechanical Equipment
(Cost $701*03 at 3£ per annua)
Mechanical Equipment
(Cost 31714.33 at 1$% per annum)
m
-
MISC. 50
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
NEW YORK 45, NT. Y.
r Brookings Institution,
DATE
Hay 21,
722 Jackson Place ,
Washington, D. C*
L
J
(Committee to Stucfcr History of
Federal Reserve System)
Attention: Mr* S* D» Akera, Executive Manager
Rental
(Cont'd)
Thomas A« Edison, Incorporated, West Orange, Hew Jersey ~
Rental of Voicewriting Equipment - including Hev lork City
Sales tax (receipted M i l s attached)*
Supplies
(per list attached)
182
10
22
(A
2
1
02
a
12
Telephone and Telegraph
Telephone Toll (attached)
Cost of Telegram - Washington, D. C , including Federal Tax
Traveling
V?/5li - Kiss M. Adams and Ilr. Donald Woodward, Hew York,H.I*
Washington, D. C. round trip
5/28/A - Miss M. Adams - New Tork, H, !• - Washington, D. C*
round trip
Atlas Stationery Corporation, Hew York, Hew lork (receipted
bills attached)
ia
10
MISC. 50
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
NEW YORK 45, N. Y.
r
Brookings Institution*
722 Jackson Place*
Washington* D. C.
J_
Attention: &?•
DATE
J
(Committee to Stucfcr History of
Federal Reserve System)
B* Akers* Eacecutive Manager
Thomas A« Edison* Incorporated* West Orange* New Jersey
(receipted bills attached)*
New York City Sales tax on supplies from stock and supplies
purchased directly from outside vendors during the
month of March ISA previously billed btxt deducted from
your remittance for March*
May 21,
TRUSTEES
WILLIAM R. BIGGS. Chairman
HUNTINGTON GILCHRKT, Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D . CALKINS
W. DARDEN, JR.
S. DICKEY
^^ROLD W. DODDS
^TOHN W. HANES
JOHN E. LOCKWOOD
LEVERETT LYON
THOMAS E. MURRAY
ROBERT BROOKINGS SMITH
LEWIS L. STRAUSS
DONALD B. WOODWARD
HONORARY TRUSTEES
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
HARRY BROOKINGS WALLACE
OFFICERS
ROBERT D . CALKINS
President
MILDRED MARONEY
Treasurer
6, ;©. OL
ELIZABETH H. WILSON
Secretary
722 JACKSON PLACE, N.W.
SHELDON B. AKERS
Executive Manager
April 29,'1954
Miss Katherine McKinstry
Committee on the History of the Federal Reserve System
33 Liberty Street
New York 45, New York
Dear Miss McKinstry:
I am enclosing our check for $1,001*15, covering the expense account
of the Committee for the month of March.
The New York City sales tax has been added to the purchases and it
is my impression that we are exempt from the payment of this tax. Certainly
we are in the District of Columbia - our exemption number being
,
The sales tax items on the statement amount to J^7aj^L*and this we have deducted. If we are incorrect in this, please include with the next expense
account which you submit to us.
Sincerely yours,
Sheldon B. Akers,
Executive Manager
c
\&L*»
\
MISC. SO .
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
NEW YORK 45, N. Y.
—
i
?22 Jackaon V\stm$
DATE
23U
19 ft
(C&aait&ee to
J
L
Attention: 11% S« B
th@ math of Itech
13 3b
w
3 lib
FedtoaL tax mx! flew
tax
(
^ 6 6 3 @ 8$ per aawi)
• lg5 per
33
lib
MISC. 50
.
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
NEW YORK 45, N. Y.
r
a
DATE Anril 2L>
Brookircgs Institution,
722 Jackepn . laoe,
t o Sti»^r l a s t l y
i
ii
i
Attention: ia*» S. B-» Aiaerg. aaneoutlw
A* idiaoa Inoorporatod, Vicwt OzsngBy ttm J&cmxy
HcrAal of Vodtocnrltine Equlpaesfb - iiwluding llsw
Citgr Sale© tax (rtecselpted M i l s attached)
Gaylorti Bros*, Inc.
K>und trip
N.I. ( e « l p o
ark, ?l.irclroei
attadiod)
Atlas l^tatdoway Corporation, Item teak, n.Y»(Rocnipted
iJdiaon, Incorporatod, eat Orange* Ilew
b i l l e attacfiied)
toxk Cit^ Sales tax on auppHea purchaaad directly £raa outeido
vttadbro during the nionth of W&pmxy I99i ^»3 sot included l a mar
February Imoioe.
68
30
April 6, 1954«
Dear Mr. Ikers:
Enclosed is the monthly time report for Kiss
McKiaatry. I trust you will find it filled out satisfactorilySincerely yours,
Mildred Adams
Research Director
Mr* Sheldon B. Akers
Executive Manager
The Brookings Institution
722 Jackson Avenue, $• ¥•
Washington 6, B. C*
April 5, 1954
Dear Mr. Akers:
Thank you BO much for the ®xp®nse sheet vhich
came in this morning. Ion will probably not have the
ifereh figures intact until the end of April, but us mon
as it is in hand I would appraoiate a copy*
Sincerely yoursf
Mildred Admss
Research Director
Mr* Sheldon B* Akersf
Executive Manager,
The Brookii^s Institution,
Washington 6, B» C*
KA:hva
TRUSTEES
WILLIAM R. BIGGS, Chairman
HUNTINGTON GlLCHRIST, Vice
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D. CALKINS
'ONARD CARMICHAEL
.GATE W. DARDEN, JR.
IN S. DICKEY
WILFRED L. GOODWYN, JR.
JOHN W. HANES
JOHN E. LOCKWOOD
LEVERETT LYON
THOMAS E. MURRAY
ROBERT BROOKINGS SMITH
LEWIS L. STRAUSS
LAURENCE F. WHITTEMORE
DONALD B. WOODWARD
HONORARY TRUSTEES
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
HARRY BROOKINGS WALLACE
Chairman
OFFICERS
ROBERT D . CALKINS
President
5,
MILDRED MARONEY
Treasurer
722 JACKSON PLACE, N. W.
ELIZABETH H. WILSON
Secretary
SHELDON B. AKERS
Executive Manager
April 2, 1954
Miss Mildred Adams
Research Director
Comaiittee on the History of the
Federal Reserve System
33 Liberty Street
New Toric A5> H. Y.
Dear Miss Adams:
Herewith a copy of the report which we
discussed over the telephone this morning*
If I can
be of further assistance, please let me know*
Sincerely yours,
Executive Manager
Enclosure
,0 O
0
2705 ~
Committee on the Hletory of the
Federal Reserve System
Expense© to April 1, 1954
January
February
57P.35
1,112,54
34.00
303.12
103.43
238.30
Office Supplies
51.17
42.41
Telephone
10.70
15.94
Equipment Rental
7.80
8,15
S.3. - Miss Adams1 Salary
8,33
16,66
785.78
1,737.02
Staff Salaries
Clerical Salaries
fra-rol
March
n-fi
16,66
April 1, 1954
Dear Mr» Akers:
Thank you so such for the two checks which arrived today, one for
money expended on our account by the bank and the other my salary check*
I vonder if you can give me some idea of how much of our fund we
have expended and how much is left to draw on« Nominally we are supposed to
return funds left after May 1, but I have just written Dr# Calkins reminding
hia that we discussed this matter on Monday and agreed that an extension
should be asked so that bills contracted in April could be paid during Kay*
He w i U take this up#
Meanwhile, there are tilings vhich I should like to do in April provided that we are not naming too low on cash* A rough figure will serve my
purposes* Thank you so much for your courtesy in this.
Most sincerely yours,
Mildred Adams
Research Director
Mr* Sheldon Akers
Brookiags Institution
722 Jackson Place, S*¥*
Washington, D* C#
MISC. 50
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
NEW YORK 45, N. Y.
r
a
DATE
Institution,
722 Jackson Place,
(Cooratttee to
oT Federal
J
Attention:
History
r« S» B .
.-ixpeases Incurred during t&© rjonth of February 19*2**-
•
•
alarice and Helatod Itoqs
E* Karats
E. Uebal
K* Hp^lnntty
iti
Social Security
(053O.81 a 290
netii^amt
( » 3 0 . 8 l a 7.195K)
£tag^p3£OBfi&&3. Bosth B®n®£it ($53O«8l G »^tS$)
10
rr
IS
12
15
00
8
15
2
t^jplicjs (as per l i s t attached)
62
35
73
Rontal
Teloriionc - inclndiag Federal tax and Uev lork
City Sales fax
Fomltare and Ho»»aechanical Equipacnt
(Cbst $5Wu37 ^ ^ psr atsoxs)
(Coat $Jli$.2Q & 395 per anrma)
$3*83
i^jg
MISC. 50
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
NEW YORK 45, N. Y,
rBrooking Institution,
DATE
722 Jackson Place,
L
_l
to
Federal Reaorw
Attention: & % S» B» AkOTO,
Atlas tattanesy Cojrporatd^m, Hew Xark (BecedLpted bills attached)
He* X»k {^cedlpted bill attained)
iistory of
TRUSTEES
WILLIAM R. BIGGS. Chairman
HUNTINGTON GILCHRIST. Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D . CALKINS
ONARD CARMICHAEL
W. DARDEN, JR.
y£* S. DICKEY
%»*WILFRED L, GOODWYN, JR.
JOHN W. HANES
JOHN E. LOCKWOOD
LEVERETT LYON
THOMAS E. MURRAY
ROBERT BROOKINGS SMITH
LEWIS L. STRAUSS
LAURENCE P. WHnTEMORE
DONALD B. WOODWARD
HONORARY TRUSTEES
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
HARRY BROOKINGS WALLACE
%\\t
OFFICERS
ROBERT D . CALKINS
President
7 2 2 JACKSON PLACE, N.W.
MILDRED MARONEY
Treasurer
ELIZABETH H. WILSON
Secretary
SHELDON B. AKERS
Executive Manager
March 4, 1954
Miss Katherine McKinstry.
Committee on the History of the Federal Reserve System
33 Liberty Street
York 45,flewYork
Dear Miss McKinstry:
Herewith our check* covering the expense accounts submitted
for the months of January and February* An item of #15*85 for a
round trip between New York and Boston on January 29 appears to have
been repeated on the February statement. Accordingly we have
deducted it, but if this is incorrect please let us know,
A check covering Miss Adams1 expenses is also enclosed.
Thank you for returning her Personnel Record.
Sincerely yours,
Sheldon B.
Executive Manager
Encs.
MISC. SO
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
NEW YORK 45, N. Y.
COPY
rBrookings Institution,
722 Jackson Place,
Washington, D. C.
L_
19 5U
DATE March 1 ,
(Committee to Study History of
Federal Reserve System)
Attention: ISr. S. B» Akers, Executive Manager*
Expenses incurred during the month of January 195U*Salaries and Related Items
K. McKinstry
E. Zarli
Social Security
($171.08fe2%)
Retirement
($171.08 <s 7.19$)
Supplemental Death Benefit ($171.08 <& *$!$%)
$171
3
12
08
1*2
30
88
9
33
3
70
k
10
5i
17
28
87
Rental
Telephone - including Federal tax and New York
City Sales tax
Furniture and Non-mechanical Equipment
(Cost $555.08 y Q% per annum)
Mechanical Equipment
(Cost $328.22fe;15% per annum)
Supplies (per list attached)
Traveling
1/26/51; - Miss M. Adams - New York, .N.Y. 7ifashington, D.C. round trip
MISC. 50
FEDERAL RESERVE BANK OF NEW YORK
33 LIBERTY STREET
NEW YORK 45, N. Y.
COPT
rBrookings
Institution,
722 Jackson Place,
Washington, D. C.
DATE
March 1,
(Committee to Study History of
Federal Reserve System)
Attention: Mr# S« B. Akerst Executive Manager»_
Traveling
1/29/5U
19
Miss McKinstiy - New York, N.Y.
Boston, Mass. - round t r i p
$300
70
Harch 1, 1954
Dear Ms% Akors:
Miss McCarthy sent us a supply of monthly
time reports, but I am wandering whether you need them for
anyone but Miss McKinstiy. Mrs* K&rius whose entire time
is being charged to you and I are working f u H time.
Miss McKi istry, on the other hand, is having to divide
her tine between our work and that of Mr. John Williams
In the Bank, Her tine report has gone in to you with
the monthly accounting from the Bask.
If this arrangement is agreeable to you, we
will continue as ve are, and if we take on anyone
else for part-time work, we will of course send you
a time sheet for them*
Thanks for the salary check vhich arrived this
morning.
Cordially yours.
Mildred Adams
Mr* Sheldon B. Akers
Executive Manager
The Brookings I n s t i t u t i o n
122 Jfickoon Avenue, X* V*
Washington 6, D. C.
HAikm
TRUSTEES
WILLIAM R. BIGGS, Chairman
HUNTINGTON GILCHRIST, Vice
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D. CALKINS
LEONARD CARMICHAEL
COLGATE W. DARDEN, JR.
' HN S. DICKEY
.FRED L. GOODWYN, JR.
JOHN W. HANES
JOHN E. LOCKWOOD
LEVERETT LYON
THOMAS E. MURRAY
ROBERT BROOKINGS SMITH
LEWIS L. STRAUSS
LAURENCE F . WHITTEMORE
DONALD B. WOODWARD
HONORARY TRUSTEES
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
HARRY BROOKINGS WALLACE
Chairman
OFFICERS
ROBERT D . CALKINS
President
0, JL C!L
MILDRED MARONEY
Treasurer
7 2 2 JACKSON PLACE, N. W.
ELIZABETH H. WILSON
Secretary
SHELDON B. AKERS
Executive Manager
February 26, 1954
Miss Mildred Adams
Research Director
Committee on the History of
the Federal Reserve System
33 Liberty Street
New Yoric U5, H. !•
Dear Miss Adams:
Thank you for your letter of February 23
relative to your expense account for the month of
February. The inclusion of Mr* Woodward1s railroad
fare in your statement is satisfactory to us*
Herewith your salary check for February,
Sincerely yours,
^ <f3.
Executive Manager
February 23, 1954
Dear Mr. Akersi
Mr, itanead Woodwardf Secretary of this Caanitt**
and X both csae to *&8hiagtoii && the eveaing of February ,4th
and stayed through the 5 th» Mr* Woodward fl&ls •that In
i«9 hi» •xpfciwws as between this Cowdtt«« «ad the Brooklag#
Tnstit\ition, Mhos* Fiaauoe CoBBftlttae finseting v»« th« prlsuizy
roasoa for his trip, h« Is goi% to charge the Qo«Kltt## for
the railroad faro alone.
this rsilromi fare, gloiag with raioe, m t charged
to the <k)aMltt#e whea purehased. for &»f aad i t will cone to
ytra in th« regular monthly statement i^i^t the Benk
you. Hf other oxpei&es v i l l be included i a the Bonthly
X hope this i s satisfactory to you*
Very sincerely yours*
Mildred
Mr* ©lelrton B, JUcers
The Brookii«8 Institution
722 JftCkson Avenue, IT* IP,
Vashington 6 f D. C*
wmm
DONALD B. WOODWARD
122
EAST 42?? STREET
NEW YORK 17, N. Y.
February 15, 19$h
Miss Mildred Adams
Committee on the History of the
Federal Reserve System
33 Liberty Street
New York h$$ N.Y.
Dear Mildred:
Enclosed i s an itemised statment for $13*ft$ of
expenses I paid ggr yoii during our t r i p t o Washington, February h
and $• I s h a l l do whatever you wish; send t h i s through t o
Mr, Akers d i r e c t l y for reimbursement or l e t you handle i t *
i s for my own expenses I am going t o l e t the Committee
pay the r a i l r o a d f a r e which i t alreaety has done and charge the
balance here* Could you perhaps l e t Mr* Akers know t h a t the
r a i l r o a d f a r e i s the only charge t h a t he w i l l have from me f o r
t h a t t r i p - and the fare should be paid toy the Committee on
Federal Reserve History and not on account of Brookings own funds.
I enjoyed the t r i p very much* I promise i f you w i l l l e t
me t r a v e l with you again t o t r y t o make i t l e s s exhausting*
By the ways when you get some of t h e Committee s t a t i o n e r y
may I have a supply?
DBW:lw
DONALD B. WDOWARD
EXPENSES S- (DMHITTEE ON THE HISTORY OF THE FEIERAL RESERVE SYSTEM
Washington, D. C , February U-5, 195U.
Thursday, Feb. U*
Dinner
Pullman Porter
Taxi
6*75
.$&•
1.20 •
Friday, Feb. 0.
Taxi
Taxi
Taxi
Dinner
Pullaan Porter
.kO
.65
.IJD
2.75 /
.$0
#13.15
TRUSTEES
WILLIAM R. BIGGS, Chairman
HUNTINGTON GDLCHRIST. Vice
ARTHUR STANTON ADAMS
DANIEL W. BELL
ROBERT D . CALKINS
COLGATE W . DARDEN, JR.
JOHN S. DICKEY
HAROLD W. DODDS
JOHN W . HANES
JOHN E. LOCKWOOD
LEVERETT LYON
THOMAS E . MURRAY
ROBERT BROOKINGS SMITH
LEWIS L. STRAUSS
DONALD B . WOODWARD
OFFICERS
Chairman
HONORARY TRUSTEES
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
HARRY BROOKINGS WALLACE
ROBERT D . CALKINS
President
MILDRED MARONEY
Treasurer
5,
ELIZABETH H . WILSON
Secretary
7 2 2 JACKSON PLACE. N. W.
SHELDON B. AKERS
Executive Manager
February 8, 195A
Miss Katherine McKinstry
Secretary to Miss Mildred Adams
Committee on the History of the
Federal Reserve System
Room 807, S3 Liberty Street
New York A5> New York
Dear Miss McKinstry:
I am enclosing a Form W-4-, Employee's Withholding Exemption
Certificate, and a Personnel Record form wnich I would appreciate
your asking Miss Adams to complete at her convenience and return to
us for our records.
Enclosed also is a supply of our Monthly Time Reports. We do
not require that this form be submitted before issuance of a salary
check but we would appreciate having it as soon as possible after the
end of the month.
Sincerely yours,
Assistant to Executive Manager
TRUSTEES
WILLIAM R. BIGGS, Chairman
HUNTINGTON GILCHRIST, Vice Chairman
ARTHUR STANTON ADAMS
DANIEL W. BELL
POBERT D . CALKINS
'NARD CARMICHAEL
_^JATE W. DARDEN, JR.
JOHN S. DICKEY
WILFRED L. GOODWYN. JR.
JOHN W. HANES
JOHN E. LOCKWOOD
LEVERETT LYON
THOMAS E. MURRAY
ROBERT BROOKINGS SMITH
LEWIS L. STRAUSS
LAURENCE F. WHITTEMORE
DONALD B. WOODWARD
HONORARY TRUSTEES
ROBERT PERKINS BASS
MRS. ROBERT S. BROOKINGS
JOHN LEE PRATT
HARRY BROOKINGS WALLACE
OFFICERS
H, JL (BL
7 2 2 JACKSON PLACE, N, W.
February 5, 1954
ROBERT D . CALKINS
President
MILDRED MARONEY
Treasurer
ELIZABETH H. WILSON
Secretary
SHELDON B. AKERS
Executive Manager
Miss Katherine McKinstry
Secretary to Miss Mildred Adams
Committee on the History of the Federal
Reserve System
Room 307, 33 Liberty Street
New York U5, N. Y.
Dear Miss McKinstry:
Thank you for sending Miss Adam!s Expense Report,
Miss Adams was here today and was given a check covering
this amount.
Under separate cover I am sending you an additional
supply of our Travel Expense forms. If more are needed please
let me know.
Sincerely,
Executive Manager
February 2, 1954
Mr* Sheldon &•
Executive Maoagei'
The Brooking3 Institution
722 Jackson Flace # »• ¥•
Va*hli%to& 6, P. C,
De&r Mr, Akeres
At Miss Mildred Adams's request, I em
enclosing her Jammiy 1954 Travel Expene© 'Report
for r©is&ur@«»eat| subject to your ©pproval*
Would you be good @nou$$i to hev« #n ad*
supply of these Travel Satpease foms (
100) ©feat to ®e at your conv®ni©noel
yours,
to
Htcs Mildred Adems
Coaadtt©« o» the History of th® Federal Reserve
(
307)
ka
@FedFRASER