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:OFF ce.es http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis s "Armorclad" Reg.U.S.Patent Office REGISTERED 3N ENGLAND Patented U.S. 1370424 R. D. 445795 - - 1511268 - - 1544818 PATENTED IN ENGLAND 224787 Guides and Folders Library Bureau Division Remington Rand Inc. Branches Everywhere Made in U. S. A. Cat. no.5055-P4 Ammommegi Collection: Paul A. Volcker Papers Call Number: MC279 Box 20 Preferred Citation: Officers Committees, 1968-1973; Paul A. Volcker Papers, Box 20; Public Policy Papers, Department of Rare Books and Special Collections, Princeton University Library Find it online: http://findingaids.princeton.edu/collections/MC279/c255 and https://fraser.stlouisfed.org/archival/5297 The digitization ofthis collection was made possible by the Federal Reserve Bank of St. Louis. From the collections of the Seeley G. 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Mudd Manuscript Library 65 Olden Street Princeton, NJ 08540 609-258-6345 609-258-3385 (fax) firstname.lastname@example.org http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis • July 13, 1973 To: Members of the Officers Ad Hoc Committee on Cost Control (Messrs. Timlen, Chairman Braun. Fousek and Bilby) From: Richard A. Debs As you know, Bulletin #1195)A, dated July 9, 1973, announced the formation of a new standing Officers' Committee on Planning and Budgetary Control. Reflecting the formation of this new committee, I am hereby discharging the Officers' Ad Hoc Committee on Cost Control. In so doing, I would like to express my appreciation and thanks to each of you for a job well done. cc: \Mr. . Hayes Mr. Corrigan http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis July 9, 1973 To Officers, Chiefs, Assistant Chiefs, and Supervisors From Alfred Hayes, President Bulletin #11954 Subject: Appendix to Operating Bulletin Attached is a copy of the Appendix, Revised July 9, 1973, to Operating Bulletin No. 4, on standing committees of officers at the Head Office. The revised Appendix reflects the following changes, effective today: (a) A new committee, the Planning and Budgetary Control Committee, has been established; its members are Messrs. Debs, Timlen, Keane, and Puckett, with Mr. Debs serving as Chairman and Mr. Hayes serving as an ex officio member. IIIr Advisory Committee on Computer Uses, annouin #11703, dated May 19, 1972, has been a standing committee of officers. Its Post, Link, Timlen, Waage, Braun, and ost serving as Chairman and Mr. Debs ficio member. (c) The Acceptance Committee has been terminated as a standing committee under Operating Bulletin No. 4. It will continue to function on an ad hoc basis, with its present membership unchanged. Operating Bulletin No. 4, which describes the powers and duties of each standing committee of officers at the Head Office, will also be amended to reflect these changes. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis a 11=11 MISC. 3E3.2- -*" S/71 FEDERAL RESERVE BANK OF NEW YORK OFFICE CORRESPONDENCE • To DATF February 14, 1973 Mr. Thoman FROM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis SUBJECT: Officers' Golf Committee William F. Treiber For more than a decade, Mr. Pricher has served as chairman of an informal Officers' Golf Committee. The other members of the committee now are Messrs. Sloane and Smedley. Mr. Pricher has informed me of his intention to retire during the first half of 1973. I hereby appoint you chairman of the committee succeeding Mr. Pricher as chairman and a member of the committee. The appointment is effective immediately. Perhaps this is a good time for the committee to review the various golfing activities involving officers. In this connection, you may wish to have a discussion with Mr. Fousek. WFT/app 044cc: Messrs \Hayes/ Debs Fousek Piderit Sloane Smedley Pricher CorriEan misc. 313.2- 5/71 • COFfE FEDERAL IZESERVF. BANK OF NEW YORK R FtESPO NDENc: DATp- Yo Me,isrs. Debs, Timlen and TIllby FROM Uilliam F. Treiber http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis January 10_2 1973 SUBJECT: For some time the Bank has had an officers' Co:--mittee on Budget and Expense. About two years ago, we also created an ad hoc committee on cost control. There has also been in existence for many years the so-called "Gadfly Committee" concerned with efficiency and costs in the Bank. The Federal Reserve System is very much involved in the so-called PACS proposal and McKinsey Es Co. are making a study of the Bank. # Will you please consider what type of committee structure we should have regarding these matters? WIPT/bd cc: Mr. Corrigan Ovir._ Hayes/ /or MISC. 3 C FEDERAL RESERVE BANK OF NEW YORK 5-70 OFFICE CORRESPONDENCE Novelber 13, 1912 DATE To FROM Messrs. Holmes, Garvy, * Flderit sad Alfred Hayes SUBJECT: Federal funds purchases by juivicir Nov York City banks on November 9# At the meeting of the Discount Committee l of purchases of 1972, there vas a discussion of the high leve s in recent vesks• Federal funds by the major New York City bask of required reserves. in some cases equaling or exceeding the level e as a committee of This memorandum Is to request that you serv ider the subject. officers, with NT. Garvy as Chairman, to cons the high level of purchases I would suggest that the study consider implementation of of Federal funds from the standpoint of the INNEN idity of banks monetary policy, open market operations, the liqu nistration of the discount as a group and individually, sad the admi consideration window. I would ask that the study also give some s to ether sources to the vesires by the major New York City bank of shortftterS fUnds from the same standpoints. cc: Mr. Treiber Mr. Feldberg TMT/mjp http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis MISC. 136-10.12/71 FEDERAL RESERVE BANK OF NEW YORK Dat Of From Secretary's Office Please: •Attend to n D n For your information Note and return O For your files Note and forward O As per conversation to Files O As requested O See (phone) me •For your comments re attached and suggestions O Prepare reply for O Does attached meet my signature with your approval? O For signature, if you approve Other remarks: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis / ,"ez-e • "Q. MISC. 185A-5/70 PRIVATE WIRE-OUTGOING FED:TRAL RESERVr. BANK OF NEW YORK COLLECTION DEPARTMENT WIRE TRANSFER DIVISION OCA rfria`*--X4',,en•PI, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis , r‘',7"577 ; ' 157-7.77.0, 'T-77 71, ..10.“1:11116;a1;11i‘A; ' -4. OCTOBER 61 1972 HENDRICKS - CLEVELAND RE YOUR OCTOBER 11. LETTER, IN MR. TREIBER S ABSENCE) A MEMBER MR. HAYES HAS APPROVED PARTICIPATION BY MR. SMITH AS OF THE TASK FORCE ON NETWORK SECURITY. 06(,p‘ l FELDBERG SECRETARY •FEDE 1?-zsla. RESE RVE B ANIC. OF CLEVELAND P. O. BOX 6387 CLEVELAND,OHIO 44101 October 4, 1972 Mr. William F. Treiber First Vice President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045 Dear Bill: The Subcommittee on Communications has started a major effort under the direction of your Mr. Howard Crumb to isolate the potential areas of our funds transfer operation where the Federal Reserve System could be embarrassed by fraudulent misuse of our communications system. I am most grateful to you for Howard's services and would like to impose on your good graces again for additional assistance from your staff. It has been suggested that audit representation on the Task Force on Network Security would benefit our efforts. The auditors are very interested in the work we are doing in this area, and I believe their interest and the work of the task force could best be served by having your Mr. George Smith, a member of the Standing Committee of the Conference of General Auditors, participate as a member of the task force. May we call on George? http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Sincerely, William H. Hendricks, Chairman Subcommittee on Communications R ED OCT Cfb 1972 W. F. T. ANSWERED ATTENDED TO MISC. 3B.2-5/68 FEDERAL RESERVE BANK OF NEW YORK OFFICE CORRESPONDENCE • To DATF Messrs. Ege and Smedley August 11, 1972 SUBJECT: FROM Alfred Hayes As stated in the Appendix to Operating Bulletin No. 4, the following are members of the Committee on Personnel: Mr. Fousek, Chairman Mr. Timlen Mr. Aston Mr. Van Orman Mr. Feldberg It is expected that several members of the Committee will be away from the Bank the third and fourth week in August. In order that the Committee may be in a position to function properly, I am appointing you members of the Committee to serve from August 21 through September 1. cc: Mr. Timlen http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Feldberg Miss Tyler - MISC. 3 C '5172 FEDERAL RESERVE BANK OF NEW YORK OFFICE CORRESPONDENCE To Messrs. Coombs, Holmes, Link, Guy, Piderit and Timlen FROM Alfred Hayes DATF July 28, 1972 SUBJECT: Appointment of ad hoc committee of officers At the meeting of Officers Council on July 26# 1972, Mr. Coombs suggested that a committee of officers be established to consider the possibility of amending Regulation q to shorten the minimum maturity of all (or some class of) time deposits to substantially less than 30 days in order to attract a reflow of funds from the short-term Euro-dollar mark et into domestic time deposits. This is to request that you serve as an ad hoc com- mittee, with Mr. Timlen serving as Chairman, to review this general subject and to make such recommendations as you may deem appropriate. In the course of its review, the committee should consider both the international and dome stic implications of any proposed change in Regulation (4, includin g what implications, if any, such a change might have for Regulati on D. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (-^ 4/G7 • e• .#0 FEDEAL REP.VE BANN. CF NEW YORK OFFICE CORRESPONDENCE • To_ FROM January 10, 1972 DATE Messrs. Holmes, Garvy, Guy, Pi.derit and Timlcn S 3.1 William F. Trener • Re-o or t of the"22 - F.: 7 Commission on Financial Structure and Pe7ul_ation In December 1971; the report of the President's Commission on rinancial Structure and Regulation (the Hunt Commission report) was submitted to President Nixon. I understand that each of you has received copies of the report from the Secretary's Office. The report contains a number of recomnendations to effect fundamental changes in the financial system of the United States. Many of the reconmendations are of major significance to the Federal Reserve Bank of New York and the Federal Reserve System. This memorandum is to ask that you serve as a committee of officers, with Mr. Timlen as chairman, to develop a Bank position with respect to the report and the recommendations therein that are of interest to the Federal Reserve System. The committee, in pursuing its analysis of the report, should feel free to enlist the assistance of other officers of the Bank as it may appear desirable. Material related to the report is being prepared in the Bank Supervision and Relations, Legal and Research and Statistics functions. I am asking Mr. Timlen to arrange for that material to be made available to the members of the committee. I would ask that the committee proceed promptly with its study of the Hunt Commission report. cc: kMr. Eayes164 Mr. Feldberg http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1 % , , • C.%`, # r MiCC. 38..2- 7/70 4 ••••• '• FEDERAL RESERNii BANK OF NEW YORK CORkESPONDNCE. DATr.- Mr. Bilby FROM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis SUBJECT. December Computers in the Bank. William F. Treiber I In the fall of 1970 following a detailed of computer installations in the Bank in which you played an important part, a number of organizatjr onal changes were made in the Bank. Now that we have had over a year s expernce, in the light of these organization 1 changes, I wou_La appreciate yoUr reviewing the geneTal.subject of the use of compute-rs in the Bank and the organization of the Bank to obtain maximum efficiency in such use. WFT/bd cc: Messrs. Ha Braun Debs Link Post Feldberg 1971- • http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis TO: Messrs. Debs, Timlen and Feldberg FROM: SUBJECT: William F. Treiber Organization of Gift Committee. The following officers are scheduled to retire on the following dates: Marcus A. Harris March 1, 1972 John J. Clarke May 1, 1972 Spencer S. Marsh, Jr May 1, 1972 Each will take his accumulated vacation before his retirement. Thus, each will be leaving the Bank in advance of his final retirement date. Mr. Harris will be leaving about the end of November, 1971. I assume that Messrs. Clarke and Marsh will be leaving sometime in March. I would appreciate your serving as a Gift Committee to consider an appropriate gift for each of them. I suggest that you discuss with Mr. Hayes the Possibility of luncheon(s) or dinner(s). cc: Mr. Hayes MISC. 136-1.3- 6/69 'FEDERAL RESERVE BANK OF NEW YORK OPY To Date 2/22/71 Mr. Crumb Of From Alfred Hayes Please: El Attend to 1:1 Note and return Ej Note and forward to Files El See (phone) me re attached •Prepare reply for my sig nature El For your information •For your files El As per conversation •As req uested E] For your comments and suggestions El Does attached meet with your approval? El For signature, if you approve Other remarks: I am agreeable to the program proposed in Mr. Harris' memo of Feb. 11. AH http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis MISC. 136-10- 4/70 , FEDERAL RESERVE BANK OF NEW YORK Date Of From WILLIAM F. TRE1B_ER Please: O Attend to For your information El Note and return For your files O O Note and forward to Files As per conversation O As requested 1:3 See (phone) me O For your comments re attached and suggestions O Prepare reply for O Does attached meet my signature with your approval? O For signature, if you approve Other remarks: rriA fr http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis e 6 PLC,. 26-12/67 FEDERAL RESERVE BANK OF NEW YORK Date To 2/19/71 Mr. Treiber Of From Peter Fousek I agree with the proposals in Mr. Harris' memo. While my first reaction was against use of collection agency, along the lines of Mr. Hayes' reaction, on reflection I don't believe we have the resources to do this ourselves. In view of Mr. Hayes' question at Officers Council, would you pass on my position to him if you agree? http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis • MISC. 136-10- 4/7o FEDERAL RESERVE BANK OF NEW YORK lohevv_v Date Of From WILLIAM F. TREIBER Please: D Attend to Ei Note and return O Note and forward D El For your information • For your files El As per conversation to Files 0 As requested See (phone) me El For your comments re attached El Prepare reply for my signature and suggestions O Does attached meet with your approval? El For signature, if you approve Other remarks: fo--44.0v tr-‘444/0 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Al14/-4 MISC. 3E1.2. i • OF NEV./ YO Of:WICE cODiCE ano la N.1 • D.4% To Mr. HP,ye8 FROM N.A0 Farris, C'r1P.irman Officers' Committee on Confidential Loans to Employees iy February •il_ 1Q77 SUBJECT: There is attached the annual report of the Officers' Committee on Confidential Loans to Employees for the year 1970, which has been prepared in accordance with paragraph 9(e) of Operating Bulletin No. 4.. In reviewing the activity of the confidential loan fund for 1970, the Committee has asked that I bring the following statistics to your attention: 10 The number of applications received in 1970 increased 113 percent and the number of loans granted in 1970 increased 92 percent. 2. Of the 132 applications received, 86 (66%) were. filed by employees with less than one year of• service and 47 (56%) were filed by emnloyees with less thaa six months of service. 3. Of the 94 employees to whom loans were granted, 56 ((505) were employed less than one year and 32 (3)4) were employed less than six months. . Eight of the 94 employees to whoa loans were granted in 1970 left the employ of the Bank with outstanding loan balances totaling *1810, which we feel we have little or no chance of collecting. Of these eight employees, seven were ,employed less than one year when their loans were granted. In view of the substantial increase in loan applications from employees employed less than one year and the unsatisfactory b&d debt ratio on the loans granted to these employees, the committee has considered setting a specified time that a person must be employed before they would be eligible to apply for a loan. Also, in view of the Legal Department's reluctance to institute legal action to recover loan balances due from employees who have left the employ of the Bank, the Co-Imittee has also considered turning these accounts over to a colleefon a:ency that would accept a percentage of the amount recovered a fee for eheir service if the Personnel Relations Division does not receive a re-21y to the first two letters sent in an effort http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis • • -2.. to recover the aoan balance. Unless you have objections, the Committee plans to place to be in effect immediately a minimum of six months employment circumstances eligible to apply for a loan (except in unusual services reconnended by the Personnel Department) and to use the of a collection agency. During my absence on vacation from February 12 to Chairman March 15, I have asked Howard Crumb to serve as Acting of the Committee. Attachment http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis January 29, 1971 • Hayes, President To: Mr. From: Officers' Committee on Confidential Loans to Employees Annual Report of Operations for the Year 1970 of the Officers' Committee on Confidential Loans to Employees During 1970 the Committee reviewed 132 applications for loans and granted 102 loans aggregating $33,137.41 to 94 borrowers. This year 77% of the applications were approved compared to 86% of the applications in 1969. The total amount of money loaned this year increased approximately $10,898 over last year, and the number of applications increased approximately 113%. The average loan granted in 1970 was $325, a decrease from $436 in 1969. Interest collected on loans totaled $304.90. This amount was transferred from the Miscellaneous Income Account to the Profit and Loss Account of the Bank on December 31, 1970. A comparison of loans granted for the past four years follows: 1967 1968 1969 3,932 3,976 4,332 4,698 Number of applications 40 29 62 132 Number of loans granted 33 28 53 102 Number of borrowers 32 27 51 94 Number of employees including Buffalo Branch* 1970 Aggregate loans granted $11,099.17 $14,155.97 $22,239.52 $33,137.41 Balance of loans due on December 31 $ 8,228.06 $12,118.38 $16,983.07 $19,158.04 *As of December 31. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis • • 0110 • Statement of Loans by Purpose of Loan 1/ I. Medical (a) Doctors' services, medicine, hospital, etc. self members of family 5 6 $ 1,350.00 21240.00 $ 31 590.00 2 800.00 1,260.00 21060.00 (b) Dentists' services self members of family II. 3 Homes Security, rent, moving expense's, down payment on house, closing fees, repair work, etc. III. 121958.00 141 529.41 141529.41 Miscellaneous Consolidate indebtedness, current expenses, funeral expenses, traveling expenses, furniture, attorney's fee, to offset loss of wallet, pastdue Income Tax, etc. 44 Total 1/ Occasionally a loan may cover two or more purposes. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 121958.00 $33,137.41 -Mr 4r. ••• -3- • Statement of Loans by Departments No. of Borrowers Acceptance Building Operating Cash Check Processing 'Collection Computer Operations Domestic Research Government Bond & Safekeeping Personnel Planning Post Office Protection Savings Bond Service 1 14 3 45 10 2 1 3 2 1 1 1 3 6 93 Buffalo Branch Total 1 94 The Committee declined 30 applications for loans totaling $12,61i-0. Reasons for disapproval were, primarily that requests were not deemed to be reasonable and necessary, or not in keeping with the purposes of the Fund, or there was uncertainty as to the employee's continued employment due to unsatisfactory attendance or punctuality records. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Respectfully submitted, 1 Chairman 0/Q4i,1.4 -vd/ ;LA • • 1_ MISC. 3 C- FEDERAL RESERVE BANK OF NEW YORK 4/69 OFFICE CORRESPONDENCE ..November 20, 1970 DATv Messrs. Coombs, Holmes, Link, Fousek, Guy and Timlen To FROM SUBJECT. Alfred Hayes As you all know, we are in a difficult period when inflation is continuing despite a sluggish economy and rising e) unemployment. I have felt for some time that we badly need to supplement traditional monetary and fiscal policies with an incomes Dolicy. I would, accordingly, like the above mentioned officers to constitute a committee to recommend a detailed approach to an incomes policy. Mr. Coombs to serve as chairman. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis cc: Mr. Treiber Mr. Feldberg I would like MISC. 13F.t.0- 6/69 LFEDERAL RESERVE BANK OF NEW YORK Date T Of . ij ,/cle From Please: O Attend to 0 Note and return • For your files Note and forward O As per conversation to Files O Ei 0 See (phone) me re attached EI O For your information Prepare reply for my signature As requested For your comments and suggestions O Does attached meet with your approval? O For signature, if you approve Other remarks: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis MISC. 3 C - FEDERAL RESERVE 1BANK OF NEW YORK 10/68 OFFICE CORRESPONDENCE March 19, 1970 DAT Mr. Fousek To FROM William F. Treiber SUBJECT. Efficiency and expense of operation and use of personnel As you know) the coordination of the operations of the Bank in terms of efficiency and expense of operation and the proper use of personnel is the general responsibility of the First Vice President, acting with the Vice Presidents in charge of Accounting e) and Planning and of Personnel. Mr. Braun, Mr. Timlen and I have worked together on these matters in recent years. It has been our practice to report at least annually to the President on this aspect of the Bank's affairs. In view of your responsibility for the Personnel functions it would be appropriate for you to join Mr. Braun, Mr. Timlen and me in working on this matter. In the near future, we should be considering our report for the year 1969. CC: 041.r. HayenJ Mr. Braun Mr. Timlen Mr. Feldberg TMT/mjp http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis MISC. 3 C- /6 FEDERAL RESERVE BANK OF NEW 'YORK OFFICE CORRESPONDENCE • rebralzy 11<tf. * •.0 4.1 4 ,,*$ 44. 7 DATE 11 . ,7 1r%1 4. . 117.11.431.1 To P. FROM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Lamialatratioa o: SUBJECT- Trolbel: .44 At 'no =patina' o.4, 0 0t4 1 " 4• *of• Sof Imo.. fe, /0/0, 4,0 ...I 4112 V 4 . .44 . k.404,. 4.*;0 4,000 ege, seef Wee? C0112C11 h,-314 ca ‘01.0.04.4te 4. et dew 47. 404. t.; 44ozerire 4 4' •h, 400 440 0 4444.1 . 41 * sre of tmt vv-1^11 to %.1.1.. 10 loa (4 , 00o --- 40eP 40. i1P40.4 44, Cgt " . 60,40d4-014. 4. 7"6 %RV :4,4. .4,414 44 Li. -.44 - 113 19*F1 zroutUrecal 0Na 1C11 . 3 OIAicor si4e re5aVe40 • Vonit ea:nrociato 7OVitalp9 713 • c e4 ' 1 ft, , 17, 4.11.46 f:#4:!*-43..1 • 'tiet et•:10 .rn or.* ,s0 Cr imt al., O3 I4 An 440 .440 re , 0 1 0040 ' 4.40 S- 4444.., ' 64 46.ar *.e • ▪ e .0* 4,4 +tee fe 40 *0 it0m$ 10 .404 4.0 El°. .14t4. at 4: 4.44 4 'f* • " 44 e:a • ;4 " COS 40 14-.44 • PL..% 0 4•. -reo4 1..4,4 4,4 W °0 44. of."..44 .. *444** 40,;;,0 C.71011'0 iee e see 0.We 4 4 $ *Ike* 1410 *0040. 4 4.4 itt,414 " 4 ,-4, 1,04. 100 '41 4;9 vie iff4 Irl-C17,113 4r2 : 4*1V C . * ** 101 Miff Ar.0-z.041 40 44.4 • truzt that in tLo Oconco cT Z11* It4 :4' . Lk 4*. CI' the Reti...at; Praa, Iii,VP 4 mr. A C 4PV. 0,01 et,*44 44 , 4 ,ewer.* h1hJV r-.4" • 4, 1. r 1160 *4 ' 044 . 4,11; /10 444 9 ak.s. i4,44. ey o: MISC. 4C.1 5/68 FEDERAL RESERVE BANK OF NEW YORK OFFICE CORRESPONDENCE • DATE_Pebruary 19, 1970 Braiger TO Mr. FROM William. _FA_ SUBJECT• Treiber Committee on Confidential Loans_ to Employees This is to confirm our telephone conversation earlier today in which I informed you that you have been appointed a member of the officers Committee on Confidential Loans to Employees, effective today. cc: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Hayes Mr. Harris Mr. Feldberg MISC. 3B.2-- t2/s7 FEDERAL RESERVE BAr'.i; OF NEW YORK OFFICE CORRESPONDENCE • DATE Messrs. Guy, HclLiar.:s„ Lin To -6 FROM and SUBJECT: DoCc:i')e2 2, 19 nemaation : 1 F. Tic:ther Ui111;7 As we all know there are several problems regarding Regulation C. The Board of Governors has proposed that con- mercial !vapor issued by bank holding corzoanies be classified AV; Ve4.7 deposits subject to the r--,11..ulon. receiver" fto:.-1 the lieu Ye:' Letters have been Clec,rino. 1101120 and o..,t_r intc%)estPd perconc ccumenting on the -pronosal. In view of the groat decline in large ee;:tificaten of deposits there has been discussion within the Dank of vioun Pronosals to nodify the current restrictions on large certificates of dellositn. ro cne in the nazintra rates ap:211enle sinco Uovener 24 There has been ceo-Nu-ts 1964; perhapn an incI-eace in in the light of develo;nents cinc o that tine. would ayoreciate your serving as a ce=itteo, with Holmes as Chin-nan, to consicler pro:Iptly these throe acpeets of Ilegulation Q and any other as2ectn you consideli cl.vinz promDt attention. or Presumably you would revleu the sommantn received with respect to the comnercial paper nroposal. Will you please . seek to develop positionS -on these three 7)eint3; pr surn,bly the Bank's pcsitiona would-be aet forth . by the Lau% to - th 1•-/ .16 . cc:Z...r. IIay.-: n Pelr:b . ---,.......,7 E.r.. ttletr, Nr. Er. Coetbs Er. Sloane http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis • =mow Is..• ... Board of Governors. tely in a eozmunication - MISC. 3 C - 10/68 FEDERAL RESERVE BANK OF NEW YORK OFFICE CORRESPONDENCE DATF Messrs. Smedley and Rohrbach To FROM August 7, 199 SUBJECT. Alfred Hayes As stated in the Appendix to Cperating Bulletin No. • the following are members of the Committee on Personnel: Mr. Fousek, Chairman Mr. Debs Mr. Timlen Mr. Ege Mr. Schultz (1 ) It is expected that several members of the committee will be away from the Bank over the course of the next few weeks. In order that the committee may be in a position to function properly, I ••••4‘ each of an appointing /you a member of the committee to serve until August 31. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis .0•00 OF NEW YORK OFFICE CORR.ESPONDENCE July 241 1969 DATE____ Mr. Lapidus FROM SUBJECT: Alfred Hayes As stated in the Appendix to Operating Bulletin No. 4, the following are members of the Budget and Expense Committee: • • Mr. Mr. Mr. Mr. Mr. Braun, Chairman Fousek Crowley French Geng It is expected that several members of the committee will be.away from the Bank over the course of the next few weeks. In order that the committee may be in a position to function properly, I am appointing you a member of the committee to serve until August 31. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis lov" ti MISC. 3 C - 4/67 FEDERAL RESERVE BANK OF NEW YORK OFFICE CORRESPONDENCE DAgeruary 21, 1969 Messrs. Holmes, Guy, Piderit, Sternlight To SUBJECT:__ FRONilliam F. Treiber The recent Securities and Bxchange Commission investigation of the Government securities market has raised a question of the possible need for greater supervision of that market in the future. As you know, a joint Treasury-Federal Reserve Group has been set up to make recommendations to the Federal Open Market Committee, and to the Treasury, in this respect. Messrs. Holmes and Sternlight, of this Bank, are working with this group. In order to formulate this Bank's own recommendations for future supervision of the market, I am appointing a Committee consisting of Messrs. Holmes (serving as Chairman), Guy, Piderit and Sternlight. I shall also serve as an ex-officio member of the group. co saL:4(,....0cJ. 0-11.:14-1) cc http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Haye MISC. 3 C FEDERAL RESERVE BANK OF NEW YORK 10/67 OFFICE CORRESPONDENCE July 15, 1968 DATF Mr. Bilby To FROM SUBJECT. Alfred Hayes (204. Ris A14, As stated in the Appendix to Operating Bulletin No. 4, the following are members of the Committee on Personnel: Mr. Mr. Mr. Mr. Mr. Mr. Fousek, Chairman Timlen Ege Schultz Debs Treiber (ex officio) Due to unforeseen circumstances, neither Mr. Fousek nor Mr. Timlen are expected to be in the Bank during the next three weeks, and Mr. Ege has planned to be on vacation during the week of July 22. Mr. Treiber will also be away from the Bank until the end of the month. In order that the Committee may be in a position to function properly, I am appointing you a member of the Committee to serve until further notice. In the absence of Messrs. Fousek and Timlen, you will also be serving as Acting Chairman of the Committee. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis MISC.140A.2-8/66 FEDERAL RESERVE BANK OF NEW YORK NEW YORK. NEW YORK 10045 July 12, 1968 r Marcus: At the meeting of the Officers' Committee on Personnel on July 9, 1968, it was clear to us that we shall miss you and we wanted formally to record that fact, not that the point of valuable contribution in that area, as in all the many other yo eas of your responsibility, really needs emphasis since it is :::: bvious. Accordingly, the Committee adopted the following ute: The Committee noted that effective July 3 the service of Marcus A. Harris as a member of the Committee on Personnel had terminated. The Committee members who had served with Mr. Harris requested that the minutes of the meeting record their expression of appreciation to him for the sound counsel, good judgment, and broad experience which he brought to the deliberations of the Committee and for his major contributions to its work over his period of service on the Committee. It was understood that the Chairman of the Committee would inform Mr. Harris of the Committee's action in adopting this minute. With many thanks, Sincerely, Peter Yousek, Chairman Committee on Personnel Mr. Marcus A. Harris Tice President Federal Reserve Hank of New York New York, New York 10045 PF/tfb CC: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Ar--1-111Y-es Mr. Treiber Mr. Timlen FEDERAL RESERVE BANK OF NEW YORK MISC. 3 C (MISC. 3 C-75M-12-62) OFFICE CORRESPONDENCE DATE riles To _ SUBJECT: Kr* Galusha Alfred Xeres FROM Conversation with I telephoned Ur* Oalusha today to ask Whether it would he agreeable to haws Mr* POusek repine* Mr* 'isles *0 * member of the Subeemmittee on tersennel* http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 2 explained that while Ms* ftmlost will still have the sailor responsibility for the Personnel 'Nanette*, Mr* Pemeek will be more directly involved in persoanel matters on a day-to-day tools. lir* 'slush* was fault* agreeable to mahlag the *huge, and he will formalise it in due *purees 2 took the oseasioa to ask whether he had yet received any reply to his letter to the Soar& of Governors on officers' salaries. Me salt that he had set, but that he had a lengthy telephone conversation with governor Nitehell a tow days ago* Governor Mitchell is ~kiwi bard ou the problem but said that ho tasted two major difficulties, (1) the littlw eulty of finding asesleh Orlitraers in Washington to take say sotto*, and (2) the problem of deterulaiag which issues were susceptible to near* sotto** ANijits cc: Mr* Mr* Mr* Mr* Mr* fteiber Silby rousek limlen /fobs