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A meeting of the executive committee of the Federal Open Mar ket Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington on Tuesday, June 10, 1941, at 10:00 a.m. PRESENT: Mr. Mr. Mr. Mr. Eccles, Chairman Sproul, Vice Chairman Ransom McKee Mr. Leach Mr. Morrill, Secretary Mr. Carpenter, Assistant Secretary Mr. Wyatt, General Counsel Mr. Goldenweiser, Economist Mr. Williams, Associate Economist Mr. Dreibelbis, Assistant General Counsel Mr. Rouse, Manager of the System Open Market Account Messrs. Szymczak, Draper, Fleming, Davis, and Peyton, Members of the Federal Open Market Committee Messrs. Roy A. Young, Sinclair, C, S. Young, and Gilbert, Alternate Members of the Federal Open Market Committee Messrs. McLarin and Day, Presidents of the Federal Reserve Banks of Atlanta and San Francisco, respectively, and Mr. Leedy, First Vice President of the Federal Re serve Bank of Kansas City Mr. Clayton, Assistant to the Chairman of the Board of Governors Mr. Sienkiewicz, Secretary of the Conference of Presidents Mr. Alfred H. Williams, Class C Director (President-elect) of the Federal Reserve Bank of Philadelphia 6/10/41 Upon motion duly made and seconded, and by unanimous vote, the minutes of the meeting of the executive committee of the Federal Open Market Committee held on March 17, 1941, were approved. Upon motion duly made and seconded and by unanimous vote, the transactions in the System open market account during the period from March 17 to June 9, 1941, both dates inclusive, were approved, ratified, and con firmed. Reference was made to the consideration which had been given by the members of the executive committee, and members of the staff, of the Federal Open Market Committee since the last meeting of the executive committee to the question of suggestions as to changes in Treasury financing procedure and it was decided to defer further dis cussion of this matter until the meeting of the full Committee. Thereupon the meeting recessed to reconvene following the meeting of the Federal Open Market Committee. Secretary. Approved: Chairman.
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