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FEDERAL RESERVE BOARD WASHINGTON address official correspondence t o the federal reserve board X-9013 November 7, 1934. SUBJECT: Salaries of Officers of Federal Reserve Banks. Dear Sir: In the Board's l e t t e r X-7863 of April 16, 1934, you were advised that the Board had considered a suggestion that some method he adopted "by which proposed changes, at l e a s t with respect to those of an important character, i n the s a l a r i e s of o f f i c e r s of Federal reserve banks might "be considered somewhat informally i n advance of submission of d e f i n i t e recommendations by boards of directors of Federal reserve "banks. This suggestion has been given further consideration "by the Board. I t s committee on s a l a r i e s and expenditures of the Federal reserve "banks and i t s committee for your d i s t r i c t would "be glad to have "brought to their a t t e n t i o n , i n such manner as you may think most expedient, any proposed changes i n s a l a r i e s of o f f i c e r s of your bank which you would l i k e to have considered informally i n advance of the submission of d e f i n i t e recommendations by your board of d i rectors. In order that any such procedure may not delay the sub- mission of d e f i n i t e recommendations for changes i n s a l a r i e s by your X-9013 - 2 - board, of d i r e c t o r s , the Board's committees would appreciate your taking up with than any changes you ,_'ould l i k e to have considered in the manner indicated above not later than the f i r s t of December, if practicable. Very truly yours, hr) pvu-U. Chester Morrill, Secretary. TO ALL F . R . CHAIRMEN EXCEPT NEW YOBK, CLEVELAND, ATLA.NTA, CHICAGO AND MINNEAPOLIS. 330
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