The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
CONFIDENTIAL P R O G R A M GOVERNORS CONFERENCE April 19, 1933 Washington, D . C. CREDIT TRANSACTIONS A N D POLICIES de O p e n market operations a n d discount r a t e s a n d their https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis relation t o National program o f recovery. N e w York Gold a n d foreign exchanges: 3 G o l d movements a n d g o l d export licenses; » 2. F o r e i g n exchange control. on Mov ss B o e f o m a J Relations with foreign banks: l. R e p o r t o f operations. U/L \ Tak 6 , N e w York w e i t ~ N e w York O O e e N w York e Discount operations: “Ly L o a n s o n Government securities u n d e r Section 403, A c t o f March 9, 1933; N e w York as L o a n s t o nonmember banks a n d trust companies, Act o f March 24, 1933; N e w York Policy o f making 10(b) loans t o member and nonmember banks. C h i c a g o Handling o f paper hypothecated with Federal reserve banks b y unlicensed member banks, with particular) )\” reference to e e 1. Whether renewals should be allowed;. e A es W h e t h e r Federal reserve banks should insist p e that all interest, a s well as all p r i n c i ”-« pal, collected o n hypothecated paper be*< forwarded t o them; a a hs Whether suits should be instituted by Fed.~\', eral reserve banks o n matured notes; us a s Possible divergence b e t w e e n practice o f ; Federal reserve banks and that o f the Reconstruction Finance Corporation. P h i l a d e l p h i a Reorganization o f banks n o t licensed t o resume f u l l banking operations: Le D e p o s i t s o f Conservators i n Federal reserve banks. N e w York Admission requirements f o r State banks a n d trust companies applying f o r membership i n t h e Federal Reserve System: 5 1. Advisability of some relaxation in the Board's\ » ~ requirements for admission to the System. 4.0" : New York Philadelphia Policy i n taking c a r e o f licensed banks i f heavy withdrawals c a l l f o r highly unliquid loans. C h i c a g o OPERATION AND ADMINISTRATION A. S e t t i n g u p reserves against possible losses. Bi P e n s i o n plan, R i c h »" N m e o w York n d LEGISLATIVE PROBLEMS A. P r o p o s a l s pending before Congress, s u c h a s Glass Banking Bill. N e w York COIN, CURRENCY, A N D CIRCULATION A. I s s u a n c e o f Federal Reserve B a n k notes: N tbe S h o u l d t h e y b e issued o n l y against 10(b) loans. C h i e c a w York g o REPORTS O F COMMITTEES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Committee o n Development o f Acceptance Practice. Insurance Committee. Leased Wire Committee. Pension Committee. Sub-committee o f General Committee o n Bankers Acceptances. j: { DAMN, B e r l b o d et ~ W y )f t y t T L o u PS og f f fi f f ‘" : ' a o comet’ — C e e 5 % — 7 L Af j o f f e‘ e e w e torimeilip, s e h , L a c e