The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
INDEX TO MINUTES
OF
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
1944
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
KEY
TO
INDEX
Branch Banks, Domestic, FRBanks and
Forign, see Branch banks
Consumer Credit, see Regulations,
Board of Governors, W
Directors of FRBanks and Branches,
see Directors
Guarantee of War Loans, see War Loans
National Banks are listed under heading
National Banks
Section 32 of Banking Act of 1933, gee
Relations with Dealers in SecuriUos
Securities Exchange Act, see Securities
Exchange Mministration
State Bnnks are listed under Stp 4,e Member
Bnnks, Membership and NonmemL,?,r Banks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
INDEX
1944
Pages
Addresses:
Secretary of Treasury on refunding of short term
Government debt after the war
on
Bretton Woods agreements, luncheons
Harry,
White,
arranged with bankers in Birmingham,
Louisville, and Nashville
Advertising:
Common trust funds, Board not in favor of public advertising of, letter to Mr. J. K. SincL,Are
Affidavits:
Examination report of Marine Trust Co. of Buffalo,
opposing inspection by special guardian
in judicial settlement
Affiliates:
Auburn Ice & coal tiompany, Inc., of Bank of Auburn,
Alabama, publication of reports as
of past call dates not required
Brantley Company and subsidiaries, affiliates of
Blackshear Bank, Blacksho3r, Georgia
Fidelity and Columbia Insurance Company, of Fidelity and
Columbia Trust Company, Louisville, Kentucky,
to exercise no powers except those of bank
upon admission to membership in FRSystem
First Aentucky Company, controlling interest in St.
Matthews Bank, St. Matthews, Kentucky,
ac iuired by First National Bank Trustees
Gramatan Company, Inc., of GraJmatan National Bank and
Trust company, Bronxville, New York,
proposed transactions not prohibited
by section 20 of Banking Act of 1933
Morgan & Uie. Incorporated, of J. P. Morgan & Co., Inc.,
investment in stock by J. P. Morgan & Co.
Inc. approved, subject to certain conditions,
establishment of branch in Faris, France,
approved
Motor Contract Company, Savannah, Georgia, no objection
to expansion of operations
New Scollay Building Trust, of United States Trust
Company, Boston, MasschuSetts, condition
report of, if published, copy reuested
on Form FR 220
Pierce Trading Company, subsidiary of Brantley Co.,
advance by Blackshear 13,,,mk considered
loan to affiliate
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/ 4 1794
12/ 8
1825
3/10
401
4/11
564
8/22
1:76
8/17 154
8/16
1247
5/ 5
716
5/30
849
1:/14
1870
11/14 1694
9/13 1364
8/17
1254
0
Pages
Affiliates: (Continued)
Riverview State Bank, Kansas City, Kansas, purchase of
2-1/2 per cent Treasury Bonds by, iuestion
of disposal of, letter to Treasury re
Trust Company of Georgia Associates, oAlers of Motor
Contract Gaill,any, Savannah, Georgia,
no objection to expansion of operations
Agencies, FRSystem:
Savannah:
Staff:
Bowden, J. H., Manager, salary approved,
on military leave
Looney, Earle M., Acting Manager, salary approved
Agne4, John, employee of Eastman, Dillon & Co., order for
hearing to determine removal from office
as director of Paterson National Bank,
Paterson, N. J.
Issuance of order, letter to FRBank of New York re service
Arrangements for stenographic transcript of hearing
Failure of Comptroller's Office to present evidence for,
Mr. Dreibelbis to confer again with Mr. Upham
outline of work of and proposed
Institute,
Alabama desearch
change of name to cover more territory
Aliens, general policy re appointment without investigation
by FBI, question to be taken up at early
meeting of Board
Personnel
Administration to obtain information
of
Division
from FBI and make proper recommendation to
Board on employment of
American Bankers Association:
Bank Management Commission, check routing symbol plan,
no objection to proceeding with
iirov,n-Maybank bills, statement by Executive Council on
Condition report of member banks, by size group,
reply to re_iuest for
FRAct, opposition to amendment to Section 13b
Loans to executive officers by member banks, extension
of time for renewals, inquiry re
Manpower problem of member banks to be considered by
Post-ar Credit Commission for Small Business, plan
sponsored by, applicability of Regulation
L, matter to be studied further
Revised Statutes, section 5219, proposed revision re
taxation of national banks, Board has
no objection to
agner-Spence bill, opposition to, further consideration
to be given at meetings in V;ashington and
Chicago
Anderson Clayton and Company, report re transactions handled
through FRB;,nk of New York in connection
with operations of, sent to Honorable
Tom Connally
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/27
669
11/14 1694
5/26
5/26
834
834
7/29 1169-7
8/ 9 1220
q/16
1388
11/14 1683
7/17
1109
2/2
157
2/15
244
12/29 1957
4/21 637
7/24 1137
12/ 4 1789
1/13
3/ 9
73
389
7/29 1167
5/ 5
706
9/18 1392
12/16
1883
3
Pages
Anniversaries:
FftBank of Boston, letter of appreciation on occasion
of 30th anniversary
Annual leave, wartime regulations, modifications of
(bee also Leaves of absence)
Annual reports:
Board of Governors:
Bank holding company legislation, suggestion to
include statement in, discussed
Problem stated in 1943 report, advice of
Federal Advisory Council welcome re
Draft for 1943, additional statements re rate levels,
information concerning condition of banks,
and bank holding company situation, to be
prepared and submitted to Board
Three additional statements, drafts discussed,
to be revised and resubmitted to Board
Revised drafts of statements re monetary policy
md inflation, interest rates, —nd bank
holding company situation, approved for
Information re condition of banks, Mr. McKee
to present revised statement at meeting
of executive committee of National Asso—
ciation of Supervisors of State Banks,
matter to be considered later by Board
Condition of banks, information to lsrge
depositors, statement re not to be included in
Draft approved, printing to be completed
as soon as possible
Interest rate level, statement to be prepared
by Mr. Goldenweiser
Submission to Bureau of Budget and Office of War
Information for clearance, letters discussed
company
affiliates to be obtained on Form FR 437,
iloldinj
letter of instructions to FRBanks
Old National Corporation and Investment and Securities Co.,
both of Spokane, V.ashington, to be
submitted on Form FR 437
Appley, Mr. Lawrence A., sugi-estion that Presidents plan to
hear ideas on executive development,
when in Washington
Appraisal guides:
Amendment No. 12 to Regulation V4 adopted, letters re
sent to publishers of
American Auto Appraisal, lett-r to Mr. Nesbitt re
designation for determining maximum
credit values
Designation for use in connection with Regulation
efiective through July 9, telegram to
iv,r. Nesbitt and others re
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/13 1640
742
5/16
2/15
247
9/18
1398
3/31
511
4/11
563
4/14.
581
4/14
581
4/21
632
4/21
632
2/11
198
8/18 1258
12/ 6 1311
1/6
32
3/1
348
6/16
975
3/15
418
6/14
964
4
Pages
Appraisal guides: (Continued)
Expiration date extended through July 9, letter to Mr. Vesper
Kelley Kar Company, letter to Mr. Kelley re designation
for determining maximum credit values
Motor Vehicle Division of State of Nebraska, letter to
Mr. Boyles re designation for determining
maximum credit values
National Used Car Market Report, letter to Mr. Leukhart
re designation for determining maximum
credit values
Copy re Amendment No. 12, Regulation VJ, submitted
by Mr. Leukhart, satisfactory
Publishing
Co., letter to Mr. Leonard re
Nerthv,est
designation for determining maximum
credit values
Automobile Dealers Used Car Guide,
National
Pacific Coast
designation for 'est Coast approved, new
publication to be released in January 1944
Statistical
Corporation, letter to 14v. neffley
and
Recording
re designation for determining maximum
credit values
Guide,
NADA, letter to Mr. Vesper re designation
Used Car
for determining maximum credit values
Used Gar Statistical Bureau, Inc., letter to Mr. Cohan
re designation for determining maximum
credit values
-vvisconsin Automotive Trades Association, letter to
Milan re designation for determining
itiaximunt credit values
Argentina:
Triffin, Robert, no objection by ,State Department to
proposed trip, American Embassy to be
kept informed
Governor, Commonwealth Bank of Austrcitia,
Araitage, H. T
Sydney, Nev, Louth Wales, request for
representatives to visit FRBanks and
Board, reply to
Articles for publication:
)- ulective Instruments of National Credit Policy, prepared
'
by Dr. Parry, to be published in FRBulletin
for February
Assessments:
FRBanks, for expenses of Board for last six months of 1944
FRBanks, for expenses of Board for first six months of 1945
Assignment of claims:
fieuirements of GAO re, especially for Regulation V loans,
advice to FRBanks
General:
Attorney
State legislation in program of Council of State
Governments, reply to letter on
6/16
975
3/15
419
3/15
419
3/15
419
6/29 1047
3/15
419
1/5
14
3/15
419
3/15
419
3/15
419
3/15
419
8/18
1261
12/18
1906
•
,
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/22 1928
6/24 1019
12/26 1940
4/22
647
8/ 8 1218
5
Pages
Attorney General: (Continued)
War contracts, legality of certain types, opinion re,
copies sent to FRBanks
No objection to FRBanks giving out copies to
interested parties
Auditors, FtiBanks:
Conference, meeting to be held in V,ashington, April 17-19,
topics to be submitted to Mr. Paulger
Automobiles, financing in the postwar perl_od, reply to
Miss Helen A. Taylor on
1/13
81
1/18
97
2/18
268
12/16
1885
3/21
456
1/8
49
4/14
586
4/18
5/31
6/2
600
858
874
IIBII
Bailey, Senator Josiah v(v., letter of Mr. A. McG. Little re
service charges made by Scottish Bank of
St. Paul and Lumberton, North Carolina,
reply to
Bank debits:
Table in FRBulletin to include deposit turnover rates
Bank for Reconstruction and Development, report of Messrs.
Szymczak and Gardner on recent developments
Statement of Mr. Eccles on conferences and proposed
statement of principles
Conference to be held to work out plans for
Features of plan discussed
Discussion of public statement at meeting of
Presidents with Board
Messrs. Eccles and Szymczak appointed
for,
Legislation
to prepare recommendation re
Bretton cpods agreements, statement re Board's program,
Messrs. Eccles and Szymczak to discuss
with State and Treasury Departments and
to submit recommendation to Board as to
date of publication
.juarters:
Banking
American Trust and Banking Company, Chattanooga, Tennessee,
no objection to investment by
No objection to additional investment in
Branch banks of FRSystem, legislation amending section 10
of FRAct, to be discussed at next meeting
of Presidents' Conference
Legislation re expansion of, discussion at
meeting of Presidents with Board
Expanding needs for, Mr. &mead to prepare memo
re suggestions for problem
Charlotte Branch, purchase of adjoining lot, appraisal
by Bank, no objection to by Board
No objection to purchase of land at rear of building
Citizens State Bank of Arlington, South Dakota, no
objection to investment in addition to
Detroit, no objection to purchase of adjoining land
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/22 1465
11/21
1725
12/ 1
1768
9/22 1434
11/ 7 1666
11/20
1722
12/11
1843
12/18
1899
1/6
8/26
23
1288
11/ 3 1659
12/15 1879
6
Pages
Banking quarters: (Continued)
East Side Trust & Savings Bank, Chicago, Illinois,
change in location, no objection to
FRBank of Atlanta, purchase of adjacent lot,
no objection to
FEBank of Boston, extension of building, architects
authorized to prepare plans for
Value of land of building and of recent purchase,
advice re re,juested
Charge off of book value of buildings recently
purchased approved, authority to write
down book value of land deferred
FEBank of Chicago, expenditure for increase in vault
space, no objection to
FRBank of St. Louis, purchase of additional property,
no objection to
Adjoining property, certificate of title to be
obtained for as guarantee of matters
for five years, noted
No objection to letting contract for wrecking
overhead bridge
Francisco,
no objection to proposed
FRBank of San
purchase of property
Industrial Trust Company, Providence, R. I., additional
investment in bank premises approved
Branch,
purchase of adjoining vacant
Los Angeles
property, no objection to
Uemphis Branch, purchase of adjoining lot, no objection to
Yionterey County Trust & Savings Bank, Salinas, California,
establishment of branch at East Salinas,
California, approved, and no objection
to expenditure for banking quarters
Pittsburgh Branch, construction of addition to, not
warranted under law, in opinion of Board
Springville Banking Company, Springville, Utah, no
objection to investment in bank premises
Union Trust Company, St. Petersburg, Florida, no objection
to proposed lease agreement with option to
purchase
Union Trust Company of Springfield, Massachusetts, no
objection to additional investment in
bank premises
Banks as essential industries, draft of letter to Mr. McNutt,
Mr. Leonard to discuss with Comptroller
of the Currency and FDIC
Letter to Lir. Braun re manpower problem at Chippewa
Trust Company, St. Louis, Missouri
Appreciation of FAG for assistance of Messrs. McKee
and Leonard re classification as
be granted locally needed designations,
to
services
Banks as
method of publication of statement by WMC
to be left to Messrs. Fleming and Leonard
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/27
669
2/12
223
1/ 1
2
12/21
1921
12/23 1935
5/20
801
4/28
677
5/24
818
11/17 1715
7/15
1106
2/15
249
6/21
7/ 1
1004
1058
9/ 2 1313
7/ 6
1071
2/28
315
5/18
790
8/29
1292
4/14
584
5/12
748
5/15
777
6/ 7
927
7
Pages
Baruch, Bernard:
Correspondence with Mr. Eccles on contract terslinat-ten,
interim financing, etc.
Memo from Chairman Eccles on financing terminated war
contracts, sale of Government-osned war
plants, etc., approved as general statement
of Board's views
iesoluzion of Radio Manufacturers Association to be transmitted to Mr. Baruch, suggestion of Board
Baruch report, reference to portion on financial aid to
small business
References to credit to small business and section 13b
of FRAct discussed at meeting with executive
committee of Federal Advisory Council
Base book, procedure for distribution of
Beauty shop, agreement with Mrs. Anna M. Guyselman for
operation of, to succeed Miss Counts
Belgium, supplies to be purchased after the war, Mr. Szymczak
to make trip to London for Foreign
Economic Administrat Lon
Birmingham, luncheon arranged for bankers to hear speech by
Harry Ulite on Bretton Woods agreements
Black, Mr. A. G., loans on farm land, letter re amendment to
lam suggested by Farm Credit Administration
Board of Governors:
Annual leave of employees, wartime regulations,
modifications of
Annual report:
Bank holding company legislation, suggestion to
include statement in, discussed
Problem stated in 1943 report, advice of
Federal Advisory Council welcome
Draft for 1943, additional statements re rate levels,
information concerning condition of banks,
and bank holding company situation, to be
prepared and submitted to Board
Three additional statements, drafts discussed,
to be revised and resubmitted to Board
Revised drafts of statements re monetary policy
and inflation, interest rates, and bank
holding company situation, approved for
Information re condition of banks, Mr. McKee to
present revised statement at meeting of
executive committee of National Association
of Supervisors of State Banks, matter to be
considered later by Board
Condition of banks, information to large depositors,
statement not to be included in annual report
1)rn.ft approved, printing to be completed as soon
as possible
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7
176
1/13
76
1/28
144
2/29
327
3/8
3/ 8
377
6/17
979
6/20
991
12/
382
1825
2/11
195
r,/16
(04.
115
247
9/18
1398
3/31
=,-11
4/11
563
4/14
581
4/14
581
4/21
632
4/21
632
8
Pages
isocrd of Governors: (Continued)
Annual report: (Continued)
Interest rate level, statement to be prepared
by lir. Goldenweiser
To be cleared with Office of War Information,
printed form not required by law
reement with Mrs. Anna Id. Guyselman for
Beauty shop, a,
operation of, to succeed Miss Counts
Budget:
Amounts added to cover cost of stenographic record,
dinner, etc., for Chairmen's Conference
Approved for 1945
Board Members' Offices, increase approved for
printing and binding
Counsel's Office, amount added to items of
Traveling Expenses and Telephone and
Telegraph Expenses
Division of Examinations, item of traveling
expenses increased to cover cost of
employees assisting in examination of
Transamerica Corporation
Item of Miscellaneous Expenses increased to
cover cost of transcript in Transamerica
- Securities and Exchange Commission hearings
Amount added to cover cost of stenographic
record of Conference of Auditors
Postage and expressage account for 1944 increased
Amount added to items of Traveling Expenses
and Stationery and Supplies
Division of Personnel Administration, increase for
payments to substitute maid approved
Amount added to items of Repairs and Maintenance and Books and Subscriptions
Division of Research and Statistics, adjustment
to be made for unexpended portion of
salary for Alfred Bettman, for completion
of work in 1944
Amount added to cover cost of surveys of individuals' holdings of liquid funds
Amount added to cover reimbursement to FRBank
of New York for loan of services of
Mr.Wesley C. Haraldson
Amount added to items of Printing and Binding
and Stationery and Supplies
Division of Security Loans, increase in allocation
for traveling expenses approved
Fiscal Agent, item of Repairs and Maintenance
of office increased
Increase to cover cost of stenographic transcript of
conference re termination loans on August 21
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/11
198
(VIA 1258
6/17
979
5/ 1
694
12/20 1917
7/19
1127
11/11 1678
1/18
99
2/14
243
508
3/30
7/12 1089
11/11
1678
7/ 6
1072
11/10 1675
5/17
427
3/21
450
9/18
1411
106 1705
6/ 8
931
8/29
1293
8/10 1227
9
Pages
Board of Governors: (Continued)
Budget: (Continued)
Legal Division, to be increased to cover costs of
transcript of hearing in case of Messrs.
Agnew and Fayerweather
Secretary's Office, item to be increased to cover
deficit in operations of cafeterias and
dining rooms in 1944
Secretarial and Administrative Functions,
increase for furniture and equipment approved
service Functions, increase for postage and
expressage approved
'4E-ir Loans Committee, increase in item of Books and
Subscriptions to purchase Dun and Bradstreet
Annual Register approved
Building:
Meeting facilities to be offered to group to prepare
agenda for international conference
Occupancy by Inter—American Defense Board, acknowl—
edgment of letter of appreciation
Taxation of, disclaimer sent to FRBanks, with
explanatory letter to Chairmen
Document to be promptly executed by FRBanks,
discussion at meeting of Presidents with Board
Procedure re execution of master copy, letter
with memo sent to FRBanks
Disclaimer executed by FRBanks, to be recorded
and photostats to be sent to FRBanks and
Ur. Keech
Order of District Commissioners exempting
from taxation
Cafeteria:
Cash fund to be established when operations nrc
taken over by Board on June 1, 1944
Deduction for meals from compensation of
workers, reduction in
Expense of fidelity bonds covering operations,
not to be incurred by Board
Operation of, discussion of deficit in, arrangement
discontinuing management fee and for pur—
chase of food through Welfare and Recrea—
tional Association to be attempted, if not
satisfactory, other economies to be made
and Board to revie matter again
Termination of Agreement with Welfare and
Recreational Association
Destruction of records, material in files on previously
approved destruction lists, memo of
Yx. Carpenter
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/16
1388
4/14
579
7/19 1127
7/21
1131
4/17
598
5/31
862
9/19 1423
1/6
33
2/29
325
4/19
625
6/13
957
10/31 1642
5/18
793
6/ 5
882
5/22
813
4/14
577
4/24
655
8/ 5 1213
10
Pages
Boa2d of Governors: (Continued)
Dismissal of suit by Peoples Bank, Lakewood Village,
California, against, statement to be
published in December issue of FRBulletin
Division of Administrative Services:
Establishment approved, organization and functions
outlined and budget to be submitted
Expenses, assessment on FRBanks to cover:
For last six months of 1944
For first six months of 1945
Files, access granted to Department of Justice in investigation of Transamerica Corporation,
letter to Mr. Berge
Fiscal agent, transfer of functions to Division of
Administrative Services contemplated
Information, release of, reply to Mr. Odegard re procedure
hianbers:
Draper, Ernest G.:
Position as to selective service classification
of new employees, stated in case of Harold
Lubell
6. 1688, cancellation of indebtedness, etc.,
views on
Statement re international monetary plans
T loans, schedule of fees and maximum interest
rate, statement re
To act as member of ar Loans Committee
To serve on executive committee of Federal
Open Market Committee
S.:
M.
Eccles,
Appointment as member of Board for term of
14 years and designation by President
as Chairman for four years
Bretton i,00ds Agreement, policy with respect
to public statements by representatives
of FRLystem
Legislation for, to prepare recommendation re
Bretton Woods conference, to serve as member
of American delegation at
Attendance as member of American
delegation approved
Earnings situation of commercial banks, memo re,
copy sent to kr. Lichtenstein and members
of FAC, for discussion at meeting on
December 3-4
Financing of peacetime production, etc.,
statement re in letter sent to FRBanks
Financing proposal re industrial loans under
section 13b of FRAct, letter with enclosures
to FRBanks, comments requested
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/3 1734
11/14 1689
6/24 1020
12/26 1940
2719
273
11/14
12/16
1689
1884
3/31
510
5/ 5
6/19
710
983
8/31 1302
392
3/ 9
2/15
247
2/11
195
9/19
11/21
1415
1725
5/31
854
6/19
982
11/14 1687
2/ 7
176
4/29
684
11
Pages
Board of Governors: (Continued)
Members: (Continued)
Eccles, M. S.: (Continued)
"Legislation to Finance Business in the Postwar
Period", statement read at meeting of FAC
with Board
Long-term forestry credit, statement re
Meetings of Federal Open Market Committee, to work
out plan with Mr. Sproul for attendance at
Occupied with another matter and unable
to attend meeting
Reconversion, discussion of problems, statement re contract termination, etc.
Reference to statement re withholding plans
for legislation from FAC, at meeting
of FAC with Board
Responsibilities of Board, influencing
credit conditions, statement re
Second War Powers Act, extension of, to talk
with Under Secretary of the Treasury re
Short-term Government debt, excerpt from
memo to Treasury, read at meeting of
FAC with Board
Small business, research organization as
aid to, statement re
Southern Research Institute, statement re
research activities of FRSystem in
connection with proposed contribution
to by FRBank of Atlanta
Memo to Mr. Goldenweiser re
Stabilization fund, statement of principles
to be released to press, report of
meeting at Treasury
Supplemental payment for Mr. Carrick upon
retirement not approved by
Telephone conversation re meetings for plans
for international stabilization fund and Bank
Terminated war contracts, memo to Mr. Baruch
approved as statement of Board's views
Termination loans, commitment fee, proposal re,
discussed but no action taken
Voucher for additional expenses at International Monetary Conference approved
War Loans Committee:
Activities expanded to include
Contract Settlement fct of 1944
To act as member of
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/18
2/11
1392
199
3/ 1
347
11/14 1683
1/13 73-6
5/15
756
9/18
1395
11/21
1723
12/ 4 1793
7/17 1117
7/17
7/28
1114
1154
4/18
600
7/15
1103
5/31
860
1/13
76
8/18
1265
7/26
1146
9/ 6 1327
392
3/ 9
12
Pages
Board of Governors: (Continued)
Members: (Continued)
Evans, R.
Appointed member of Personnel Committee for 1944
Base book, to approve lists for distribution of
Bill 6. 47, revised letter re forestry
credit, approved by
Central bank conferences, Board to cooperate
if no objection by State Department,
under direction of
Federal Open Market Committee, to serve as
second alternate on executive committee of
FRBulletin, MB= re contents of
T loans, schedule of fees and maximum
interest rate, statement re
McKee, John:
Appointments of temporary employees, statement
re in connection with case of Paul Hermberg,
economist
Deferment of J. Burke Knapp from military service,
not in favor of action of Board
Enforcement of Regulation Q, to prepare
instructions to be issued to FRBanks
Examination reports being made available to
Orphans Court, statement in opposition to
Federal Open Market Committee, to serve on
executive committee of
International stabilization fund, opposed to
proposed press statement on
rational Association of Supervisors of State
Banks, to attend meeting of executive
committee of, for discussion of information
re condition of banks
Pennsylvania Bankers Association, to attend
annual meeting of
Report re designation of Mr. Mangels as officer
in charge of Bank Examination Department
at FRBank of San Francisco
Kesignation as member of Imr Loans Committee
S. 1688, cancellation of indebtedness, etc.,
objections to
Salaries of employees, position stated in cases
of Harold Lubell and Lloyd A. Metzler
Statement rc amendment to section 13b of FRAct
and bank holding company legislation, at
meeting of FAG with Board
T loans, schedule of fees and maximum interest
rate, statement re
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/15
3/8
247
-378
2/11
206
10/20 1602
2/15
247
2/22
286
L,'/31
1305
7/29
1157
3/ 4
265
12/18
1904
4/14
525
:2/15
247
4/24
651
4/14
576
5/22
808
5/29
2/15
845
247
5/ 5
710
3/31
510
5/15
757
8/31 1305
13
Pages
Board of Governors: (Continued)
1.1embers: (Continued)
Hansom, Ronald:
Absent from meeting with Presidents on account
of hearings re Brown-Maybank Bill
Appointed member of Personnel Committee for 1944
Federal Advisory Council, relationships and
history with Board, revieo, by, in connection
with FAG request for drafts of bills
Federal Open Market Committee, to serve as third
alternate on executive committee, but as
first alternate for Mr. Eccles
Statement re vote for Chairman tccles as representative of Board at intern,tici,a1 conference
T loans, schedule of fees and maximum interest
rate, statement re
Szymczak, M. S.:
Bretton 'Wads agreements, legislation for,
to prepare recommendation re
Chairmen's Conference meeting, to discuss date
and program for next with Mr. Brainard
Changes in retirement system, memo re
Federal Open Market Committee, to serve as first
alternate on executive committee of
Invitation to act as adviser at international
conference
Payment covering expenses during trip
to London approved
Supplemental payment for Mr. Carrick upon
retirement not approved by
Trip to London re sup!lies for Belgium,
requested by Foreign Economic Administration
to make, no objection to
Reply to reluest of President Roosevelt re
Voucher for additional expenses at International
11onetary Conference approved
Minutes:
Meetings of Board approved:
December 311 1943
January 1, 1944
January 3
January 4
January 5
January 5, with FederR1 Advisory Council
January 6
January 7
January 8
January 10
January 11
January 13
January 14
January 15
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/11
1838
2/15
247
9/18
1396
2/15
247
6/19
936
8/31 1302
11/21
1725
1/13
3/10
70
396
2/15
247
6/10
944
9/12
1363
7/15
1103
6/20
991
6/30 1052
7/24 1138
1/ 1
1/ 3
1/4
1/ 5
1/ 6
1/ 6
1/ 8
1/ 8
1/10
1/11
1/13
1/14
1/17
1/17
1
3
7
12
31
31
47
47
52
56
77
83
90
90
14
Pages
Board of Governors: (Continued)
Ilinutes: (Continued)
Meetings of Board approved: (Continued)
January 17
January 18
January 19
January 20
January 21
January 22
January 24
January 25
January 26
January 28
January 29
January 31
February 1
February 2
February 3
February 4
February 7
February 8
February 10
February 11
February 12
February 14
February 14, viith Federal Advisory Council
February 15
February 16
February 17
February 18
February 19
February 21
February 22
February 24
February 25
February 26
February 28
February 29
February 29, Ath Presidents of the FRBanks
March 1
March 1, vdth Presidents of the FRBanks
March 2
March 3
March 4
March 6
March 7
March 8
March 8, with Federal Advisory Council
March 9
March 10
March 11
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/18
1/19
1/20
1/21
1/22
1/24
1/25
1/26
1/28
1/29
1/31
2/1
2/2
2/3
2/4
2/7
2/10
2/10
2/11
2/12
2/14
2/15
2/15
2/16
2/17
2/18
2/19
2/21
2/22
2/24
2/25
2/26
2/28
2/29
3/1
3/1
3/2
3/2
3/3
3/ 4
3/6
3/7
3/8
3/ 9
3/ 9
3/10
3/11
3/13
94
102
105
108
112
129
133
138
141
147
151
153
156
162
166
174
186
186
215
219
240
247
248
253
258
268
270
275
288
290
296
308
312
317
349
349
354
354
358
363
369
373
376
390
390
399
402
409
15
Pages
Board of Governors: (Continued)
Minutes: (Continued)
Meetings of Board approved: (Continued)
March 13
March 14
March 15
March 16
March 17
March 18
March 20
March 21
March 22
March 23
March 24
March 25
March 27
March 28
March 29
March 30
March 31
April 1
April 3
April 4
April 5
April 5, with Federal Advisory Council
April 7
April.8
April 10
April 11
April 12
April 13
April 14
April 15
April 17
April 18
April 19
April 20
April 21
April 22
April 24
April 25
April 26
April 27
April 28
April 29
May 1
May 2
May 3
may 5
May 6
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/14
3/15
3/16
411
415
3/17
426
435
439
455
463
467
474
478
481
492
495
504
514
518
522
528
532
551
551
3/18
3/20
3/21
3/22
3/23
3/24
3/25
3/27
3/28
3/29
3/30
3/31
4/1
4/ 3
4/ 4
4/ 5
4/ 7
4/ 7
4/8
4/10
4/11
4/12
4/13
4/14
4/15
4/17
4/18
4/19
4/20
4/21
4/22
4/24
4/25
4/26
4/27
4/28
4/29
5/1
5/2
5/ 3
5/ 5
5/6
5/8
422
555
559
564
567
570
587
589
596
605
621
627
642
647
650
658
666
668
671
681
691
695
698
714
721
726
16
Pages
Board of Governors: (Continued)
Minutes: (Continued)
Meetings of Board approved: (Continued)
May 8
May 9
May 10
May 12
May 13
May 15, with Federal Advisory Council
May 16
May 17
May 18
May 19
May 20
..lay 22
May 23
May 24
May 25
May 26
May 27
May 29
May 30
May 31
June 1
June 2
June 3
June 5
June 6
June 7
June 7, with Federal Advisory Council
June 8
June 9
June 10
June 12
June 13
June 14
June 15
June 16
June 17
June 19
June 20
June 21
June 22
June 23
June 24
June 26
June 27
June 28
June 29
June 30
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/9
5/10
5/17
5/17
5/17
5/17
5/17
5/18
5/19
5/20
5/22
5/25
5/25
5/25
5/26
5/27
5/29
5/30
5/31
6/1
6/ 2
6/3
6/5
6/6
6/7
6/8
6/8
6/9
6/10
6/12
6/13
6/14
6/15
6/16
6/17
6/19
6/20
6/21
6/22
6/23
6/24
6/26
6/27
6/28
6/29
6/30
7/ 1
734
737
785
785
785
785
785
787
795
799
809
830
830
830
832
837
844
849
862
864
874
878
882
917
919
929
929
937
947
952
957
963
966
971
977
988
996
1001
1005
1013
1016
1022
1032
1035
1043
1049
1055
17
Pages
Board of Governors: (Continued)
Minutes: (Continued)
Meetings of Board approved: (Continued)
July 1
July 3
July 4
July 5
July 6
July 7
July 8
July 10
July 11
July 12
July 13
July 14
July 15
July 17
July 18
July 19
July 20
July 21
July 22
July 24
July 25
July 26
July 27
July 28
July 29
July 31
August 1
August 2
August
August
August
August
August
August
August
August
August
August
August
August
August
August
August
August
August
August
August
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3
4
5
8
9
10
11
12
14
15
16
17
18
19
21
22
23
25
26
7/ 3 1059
7/ 4 1063
7/ 5 1068
7/17
7/17
7/17
7/17
7/17
7/17
7/17
7/17
7/17
7/17
7/18
7/19
7/20
7/28
7/28
7/28
7/28
7/28
7/28
7/28
7/29
7/31
8/ 1
8/ 2
8/ 3
8/ 4
8/ 5
9/ 4
9/ 4
9/ 4
9/ 4
9/ 4
9/ 4
9/ 4
9/ 4
9/ 4
9/ 4
9/ 4
9/ 4
9/ 4
9/ 4
9/ 4
9/ 4
9/ 4
1118
1118
1118
1118
1118
1118
1118
1118
1118
1118
1120
1126
1128
1151
1151
1151
1151
1151
1151
1151
1177
1180
1183
1186
1194
1199
1203
1318
1318
1318
1318
1318
1318
1318
1318
1318
1318
1318
1318
1318
1318
1318
1318
1318
18
Pages
Board of Governors: (Continued)
Minutes: (Continued)
Meetings of Board approved: (Continued)
August 29
August 30
August 31
September 1
September 2
September 4
September 5
September 6
September 7
September 8
September 9
September 11
September 12
September 13
September 14
September 15
September 16
September 18
September 18, Ath Federal Advisory Council
September 19
September 20
September 21
September 22
September 22, -Ath Presidents of the FRBanks
September 23
September 25
September 26
September 27
September 28
September 29
September 30
October 2
October 3
October 4
October 5
October 6
October 7
October 9
October 10
October 11
October 12
October 13
October 14
October 16
October 17
October 18
October 19
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/ 4 1318
9/ 4 1318
9/ 4
9/ 4
9/ 4
9/ 5
9/ 6
9/ 7
9/ 8
9/ 9
9/11
9/12
9/13
9/14
9/15
9/16
9/18
9/19
9/19
9/20
9/21
9/22
9/23
9/23
9/25
9/26
10/3
10/3
10/3
10/3
10/3
10/3
1318
1318
1318
1321
1325
1337
1344
1352
1356
1360
1364
1366
1380
1382
1410
1420
1420
1424
1428
1432
1477
1477
1484
1488
1510
1510
1510
1510
1510
10/4
1510
1513
10/5
10/6
10/7
10/9
10/10
10/11
10/12
10/13
10/14
10/16
10/17
10/18
10/19
10/20
1533
1534
1537
1544
1548
1553
1557
1561
1569
1574
1590
1593
1597
1603
19
Pages
Board of Governors: (Continued)
Minutes: (Continued)
Meetings of Board approved: (Continued)
October 20
October 21
October 23
October 24
October 25
October 26
October 27
October 28
October 30
October 31
November 1
November 2
November 3
November 6
November 7
November 9
November 10
November 11
November 13
November 14
November 15
November 16
November 17
November 18
November 20
November 21
November 22
November 23
November 24
November 25
November 27
November 28
November 30
December 1
December 2
December 4
December 4, with Federal Advisory Council
December 5
December 6
December 7
December 8
December 9
December 11
December 12
December 12, with Presidents of the FRBanks
December 13
December 14
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/21
10/23
10/24
10/25
10/26
10/27
10/28
11/ 3
11/ 3
11/ 3
11/ 3
11/ 3
11/ 7
11/ 7
11/ 9
11/10
11/11
11/13
11/14
11/15
11/16
11/17
11/18
11/20
11/21
11/22
11/23
11/24
11/25
11/27
11/28
11/30
12/ 1
12/ 2
12/ 4
12/ 5
12/ 5
12/ 6
12/ 7
12/ 8
12/ 9
12/12
12/12
12/13
12/13
12/14
12/15
1606
1609
1613
1621
1628
1631
1639
1658
1658
1658
1658
1658
1665
1665
1668
1671
1676
1680
1688
1699
1703
1710
1717
1720
1726
1729
1733
1742
1746
1748
1752
1756
1776
1779
1802
1804
1804
1809
1819
1825
1833
1859
1859
1863
1863
1866
1874
20
Pages
Board of Governors: (Continued)
Linutes: (Continued)
Meetings of Board approved: (Continued)
December 15
December 16
December 18
December 19
December 20
December 21
December 22
December 23
December 26
December 27
Offices to be closed at 3:00 p.m. on December 23 and
skeleton force to be maintained between
1 and 3 p.m.
Pay roll procedure, to be continued without change
Policies:
Directors, appointment of Class C and directors of
branches, policy of not appointing person
70 years old approved
Advice to FRBanks
Policy record:
Draft of entries covering 1943 approved
Guarantee fees under Regulation V, no reference
to be made in record for 1943
Regulation A, amendment of
Regulation V, revision of
Regulation \N, adoption of Amendment No. 14,
Servicemen's Guaranteed Loans
rates established pursuant to the
of
Schedule
provisions of section 4 of the Revised
Regulation V
Relationships with Presidents and Chairmen of Banks,
discussion of functions of groups, at
meeting of Presidents with Board
Statement of Chairman Eccles re
Responsibilities and relations with Banks, discussion
at meeting of Presidents with Board
Responsibilities, influencing credit conditions,
statement of Chairman Eccles re
Space occupied by Brazilian Commis:don, arrangements to vacate
Space occupied by Inter-American Defense Board,
arranements to vacate
Space occunied by Office of Contract Settlement,
arrangements for
Stock room supplies, limitation increased
Vouchers, destruction of duplicates authorized
1
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/16
12/18
12/19
12/20
1880
1905
1908
1915
12/21 1919
12/22 1930
12/23 1933
12/26 1940
12/27 1945
12/29 1960
12/18
12/21
1904
1920
12/ 7
12/21
1920
1/22
118
1814
118
1/22
9/ 6 1330
9/ 6 1328
11/ 3 1654
9/ 6 1332
3// 1 M=94
3/ 1 344-6
9/18 1395
9/14
1372
9/14
1372
9/14 1372
256
2/16
12/ 5 1807
21
Pages
Bonds:
Federal Farm loan, coupons payable at FRBanks, no
objection to statement on face re
educational
program to prevent unnecessary
Government,
cashing, discussion of procedure at
meeting of Presidents with Board
deferred
ttction
(Sec also Government securities)
Surety:
Brainard, George C., as FRAgent at FRBank of Cleveland
Cafeteria, expense of fidelity bonds covering
operations, not to be incurred by Board
Czadwell, Robert B., FRAgent at FRBank of
Kansas City, approved
Calvin, Jr., FRAgent's Representative
James
Clark,
at Oklahoma City Branch, approved
Coffey, iAalter C., FRAgent at FRBank of
Minneapolis, approved
Cooper, Norman C., Alternate Assistant FRAgent at
FRBank of New York, approved
Davis, Lleellyn Glynn, Alternate Assistant FRAgent
at FRBank of Dallas, approved
Diercks,
it., as Alternate Assistant FRAgent
at FRBank of Chicago, approved
Digings, John Alliam, Alternate Assistant FRAgent
at FRBank of Dallas, advice to bonding
company of termination of obligation on bond
Eddy, halter L., as Assistant FRAgent at
FRBank of Boston, approved
Lffective as of date of execution, opinion of
Legal Division
Erste, Anne J., Alternate Assistant FRAgent at
FRBank of Cleveland, approved
Fry, Mrs. Gertrude L., Alternate Assistant FRAgent
at FRBank of Cleveland, approved
Gibson, Terrice C., Alternate Assistant FRAgent
at FRBank of Richmond, approved
Higgason, Beverley P., as Alternate Assistant
FRAgent at Richmond
Johnson, John, Alternate Assist_nt FRAgent at
FRBank of Minneapolis, approved
L-,ne, Jasper A., as Alternate Assistant FRAgent
at FRBank of Boston, approved
Lassiter, Robert, as FRAgent at FRBank of Richmond
approved
Links, John A., FRAgent's Representative at
Little Rock Branch, approved
Matter, Norman it., as Assistant FRAgent at
FRBank of Cleveland
Cabe, Thomas B., FRAgent at FRBank of Philadelphia,
approved, effective as of date of exc,-cution
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/ 2 1782
12/11
12/18
1849
1900
1/18
94
5/22
813
3/29
495
3/29
495
4/25
658
2/4
167
11/17
1711
1/1'3
77
11/17 1711
1/28
142
1/28
145
7/26
1144
7/26
1144
1/13
77
7/13 l..)90
4/14
587
1/28
142
1/13
77
1/19
103
1/18
94
1/28
145
22
Pages
Bonds: (Continued)
Surety: (Continued)
Morrissey, Clifford E., as Alternate Assistant
FRAgent at FRBank of Boston, approved
Nardin, William T., FRAgent at FRBank of
St. Louis, approved
Neely, Frank H., FRAgent at FRBank of Atlanta,
approved
Parker, Frank S., Assistant FRAgent at
FRBank of St. Louis, approved
Rehfuss, J. Frank, Alternate Assistant FRAgent
at FRBank of Philadelphia, Approved
Renewal every four years, question under consideration
Robb, Thomas Bruce, Alternate Assistant FRAgent
at FRBank of Kansas City, approved
Robinson, J. R., FRAgent's Representative at
Los Angeles, approved
Ruml, Beardsley, FRAgent at FRBank of New York,
approved
Schelling, Carl, as Assistant FR/gent at
FRBank of Chicago, approved
Shepherd, Robert L., as Assistant FRAgent
at FRBank of Richmond, approved
Shipley, Eugene Louis, FRAgent's Representative
at Baltimore Branch, approved
Stryker, Jere V. D., Assist-int FRAgent at
FRBank of New York, approved
Thornton, Ira Arthur, FRAgent's Representative
at Omaha Branch, approved
Treasury Department Circular No. 745, not applicable
for FRAgents, receipts for renewal
premiums not to be forwarded to Board
Young, William Russell, FRAgent's Representative
at Denver Branch, approved
Zehner, Edward A., Alternate Assistant FRAgent
at FRBank of St. Louis, approved
United States of America, use of inscription on
forms of private company
savings:
States
United
Application of Regulation W to customer
charging to his account
Procedure for reporting redeemed bonds and reim—
bursements for services, instructions
sent to FRBanks
War savings:
Analysis of bank accounts for purchase of,
discussion at meeting of FAC with Board
Program to prevent defrauding of bondholders, suggested,
to be discussed at Presidents' Conference
Question to be discussed at Presidents' Conference
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/28
142
1/19
103
2/26
309
1/19
103
1/28
10/11
146
1553
3/29
495
4/26
666
12/29
1960
1/13
77
1/13
77
11/ 1
1644
2/ 4
167
3/29
495
10/11
1553
3/29
495
1/19
103
3/17
434
6/ 7
920
9/30
1506
5/15
773
2/15
2/26
245
308
23
Pages
Bonds: (Continued)
.par savings: (Continued)
Redemption of bonds held in safekeeping by FRBank of
San Francisco, letter to Bank re request
made by Mr. W. R. Power
Series G, to be carried by banks at par value,
statement issued re
Boston longshorcmen, wage rates, research project re to be
undertaken by FRBank of Boston, no objection to
ErlaCh and group banking:
Legislation, question of draft of bill re, discussed
at meeting of FAC with Board
Branch banks, domestic:
Asbury Park and Ocean Grove Bank, Asbury Park, New Jersey,
retention and operation of branch at Neptune,
New Jersey, after admission to membership
approved
Bank of America N. T. & S. A.:
Arvin, California, establishment of, using dormant
permit of Maricopa branch
Clovis, use of dormant permit of Merced branch
Dormant permits available for future branches, list
requested from Comptroller of the Currency
Laricopa branch, removal to Arvin, California
Bank of Clarke County, Berryville, Virginia:
Boyce, Virginia, time for closing before membership in FRSystem, information re
Bridgeport-City Trust Company, Bridgeport, Connecticut,
retention of branch at Fairfield, Connecticut,
approved after admission to membership in
FRSystem
Central Trust Company, Rochester, N. Y., in Williamson,
New York, in connection with merger with
State Bank of Williamson, New York, approved
Davenport Bank and Trust Company, Davenport, Iowa,
establishment of branch in Bettendorf,
approved
Co., Wilmington, Delaware, purchase of
Trust
Ek]uitable
assets of Ulmington norris Plan Bank and
operation of branch on premises
Lstablishment of, dormant permits, list available for
establishment of future branches of Bank
of America N. T. & S. A., Transamerica
national banks, and other Twelfth District
national banks requested from Comptroller
of the Currency
First Trust and Savings Bank of Pasadena, California,
application for establishment of branch in
City of Alhambra, California, declined
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/26
139
1/3
4
12/18
1902
1/5
19
8/ 5
1206
9/22
1435
9/22 1435
9/22 1435
9/22 1435
1/17
91
9/ 9
1353
5/19
797
8/ 5 1210
5/23
815
9/22 1435
9/26
1490
24
Pages
Branch banks, domestic: (Continued)
H. ft. 5258, to amend Section 5155 of Revtoed Statutes,
re establishment of branches by national
banking associations, favorable report
sent to Mr. Spence
Lincoln-Alliance Bank and Trust Company, Rochester, New York,
in Geneva, New York, in connection with
merger with Geneva Trust Company at Geneva
Monterey County Trust & Savings Bank, Salinas, California,
establishment of branch at East Salinas,
California, approved, and no objection to
expenditure for banking Iluarters
Establishment of branch in East Salinas, California,
approval extended for ninety days
Nevada Bank of Commerce, Elko, Nevada, at Pioche, Nevada,
approved upon merger with Bank of Pioche,
Inc., subject to increase in capital of bank
Newton Trust Company, Newton, Massachusetts, continued
operations of branches and establishment of
additional branch in Newton apli,roved, in
connection with acquisition of assets and
assumption of liabilities of Vialtham
National Bank of Laltham, Massachusetts
Transamerica national banks, dormant permits available
for future branches, list re,uested from
Comptroller of the Currency
L,elfth District, dormant permits available for future
branches, list re,„uested from Comptroller
of the Currency
Union County Trust Company, Elizabeth, New Jersey,
retention of branch at Cranford, New Jersey,
approved, after admission to membership in
FRSystem
Union Trust Company of Jamestown, Nev. York, retention of
branch at .estfield, New York, approved
after admission to membership in FRSystem
'ayne County Bank, at Lincoln Park, Michigan, in connection
with proposed consolidation of Lcorse Savings
Bank, Ecorse, iiichigan, and State Savings
Bank of 1,inco1n Park, Michigan, approved
subject to increase in capital
Branch banks, FRSystem:
Baltimore:
Personnel classification plan, changes involving increases in maximum annual salaries approved
Chaiwes involving increases in maximum annual
salaries for three positions approved
Salaries of officers, letter to Joint Committee on
Salaries and ,.ages on increase in
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/27 1497
5/24
818
9/ 2 1313
11/16
1704
10/11
1555
12/27 1948
9/2 1435
9/2 1435
9/ 5
1321
9/14 1367
4/20
629
1/17
90
12/19
1912
5/29
844
25
Pages
Branch banks, FRSystem: (Continued)
Baltimore: (Continued)
Staff:
Cupit, John it., Cashier, salary approved
Hagner, Donald F., Assistant Cashier, sa1a4 approved
Johnston, John A., Assistant Cashier, salary approved
ililford, V4. R., Managing Director, salary approved
Shipley, Eugene L., FRAgent's Representative:
Appointment and salary approved
Bond of
..ienert, Adolph C.:
Elected Assistant Cashier
Salary approved
Banking facilities, legislation re expansion of, discussion at meeting of Presidents with Board
Banking quarters, legislation amending section 10 of FRAct,
to be discussed at next meeting of
Presidents Conference
Expanding needs for, Mr. Smead to prepare memo
re suggestions for problem
Birmingham:
Staff:
Beavers, P. L. T., Aaanaging Director, salary approved
Frazer, H. C., Assistant Manager, salary approved
Starry L. W., Assistant Cashier, salary approved,
on leave for military service
Urquhart, H. J., Cashier, salary approved
Buffalo:
Exp,nsion of operations, FRBank of Aew York not
in favor of, discussion of
Personnel classification plan:
Changes approved
Changes approved
Changes approved
Salaries, employees, noted without objection
Staff:
Doll, George J., Assistant Cashier, salary approved
Smith, Insley B., naging Director, salary approved
Snow, Halsey W., Cashier, salary approved
Wiltsel Reginald B., Managing Director,
salary approved
Charlotte:
Banking quarters, purchase of adjoining lot, appraisal
by Bank, no objection to by Board
No objection to purchase of land at rear of building
Personnel classification plan:
Changes involving establishment of t.elfare
Supervisor and Securities Custodian approved
Changes approved
Salaries of officers, letter to Joint Colomittee on
Salaries and ages on increases in
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/23
5/23
5/23
5/23
814
814
814
814
10/6 1629
11/ 1 1644
1e6 1629
10/18 1594
12/11
1843
11/20
1722
12/18
1899
5/26
5/26
834
834
5/26
5/26
834
834
2/22
278
2/ 4 167
2/15
248
8/16 1246
2/28
313
536
4/ 5
12/16 1882
4/ 5
536
4/ 5
536
1/ 6
8/:6
23
1288
2/24
5/25
291
830
5/29
844
26
Pages
Branch banks, FftSystem: (Continued)
Charlotte: (Continued)
Staff:
Bagby, T. 'Wesley, FRAgent's Representative,
salary approved
Brooks, Louis D., Assistant Cashier, salary approved
Clements, W. T., Managing Director, salary approved
Honeycutt, Robert L., Assistant Cashier,
salary approved
Cincinnati:
Personnel classification plan:
Changes approved, title of Assistant Auditor
substitutt:d for Auditor's Representative
Changes involving increase in maximum annual
salary of Currency Sorter approved
Staff:
Brown, Salmon, Assistant Cashier, salary approved
Geers, P. J., Assistant Cashier, salary approved
Johnson, R. G., Assistant Cashier, salary approved
Lazar, B. J., Vice President, salary approved
Ott, H. N., Cashier, salary approved
Denver:
By—laws, discontinuance of office of Managing Director
and appointment of Vice President as active
manager
Personnel classification plan:
Changes involving increase in maximum annual
salary for FRAgent's Representative approved
Establishment of position of Utility Teller approved
Staff:
Brom, S. A., Cashier, salary approved
Olson, Joseph E., Managing Director, discontinuance
of office and appointment as Vice President of
FRBank of Kansas City, salary approved
Salary as Vice President approved
Pipkin, George H., Vice President, salary approved
Stempel, H. L., Assistant Cashier, salary approved
Young, William Russell, FRAgent's Representative:
Bond
Salary approved
Detroit:
Banking quarters, no objection to purchase
of adjoining land
Conference on August 21 re termination loans,
representative to attend
Personnel classification plan:
Changes involving establishment of three
positions approved
Cnanges approved
Changes approved, involving establishment
of three new positions
Salaries, employees, noted without objection
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/10
5/23
5/23
948
815
815
5123
815
1/20
106
2/12
220
6/20
6/20
6/20
6/20
6/20
997
997
997
997
997
1/ 8
48
456
3/21
8/ 8 1215
6/ 1
866
48
1/ 8
866
6/ 1
11/24 1742
866
6/ 1
3/29
2/17
495
260
12/15
1879
8/ 8 1217
1/26
4/21
138
642
11/30 1757
2/28
314
27
Pages
Branch banks, FuSystem: (Continued)
Detroit: (Continued)
Staff:
Bloomfield, Richard ., Assistant Cashier,
salary increased
Cameron, alhliam T., Assistant Cashier,
salary increased
Chalfont, Harlan J., Manager, salary approved
Diehl, Harold L., Cashier, salary increased
HaefcLe, henneth E., Assistant Counsel,
salary approved
Jones, Everett D., PRAgent's Representative,
salary approved
Fettke, August j., FRAgent':; Representative,
salary approved
Salary approved
Aegc,ndt, Arthur J., Assistant Cashier,
salary increased
to regulations of Board as to
amendment
Directors,
appointment
El Paso:
Personnel classification plan, changes approved
Staff:
Hermann, J. L., Idanager, salary approved, regular
amount less pension portion of retirement
allowance received from Retirement System
Page, Grover C., Cashier, salary approved
Fiscal agency activities, FRBank of New York opz ,osed to
expansion at Buffalo Branch, discussion of
Helena:
Officers, advice of reappointment for year
Personnel classification plan, changes approved
Staff:
Larson, C. J. Assistant llanager, salary approved
Towle, it. E., danaging Director, salary approved
Houston:
Staff:
Austin, F. B., Vice President, selary approved
Carric,hers, Howard, Assistant Cashier,
salary approved
Chancellor, E. A., cashier, salary approved
Gook, J. Lee, Cashier, salary approved
Pondrom, L. G., Vice President, salary approved
Ro41and, C. M., Cashier, salary approved
Salary approved
Jacksonville:
Staff:
Clark, Thomas Crav;ford, Assistant Cashier,
salary approved
Lanford, T. A., Cashier, salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/21
445
3/21
3/21
3/21
445
445
445
6/13
959
12/ 9 1854
1/21
12/ 9
109
1234
3/21
445
2/24
291
4/25
663
6/2
6/2
276
876
2/22
278
1/26
6/15
139
968
4/41
4/21
639
639
6/2
876
6/2
10/24
11/25
9/16
6/2
7/28
876
1615
1747
1385
876
1152
5/26
5/26
834
834
28
Pages
Branch banks, FRSystem: (Continued)
Jacksonville: (Continued)
Staff: (Continued)
Vardeman, George S., Jr., Managing Director,
salary approved
Little Rock:
Staff:
Bailey, Arthur F., kilanazing Director,
salary approved
Childers, Clay, Assistant Manager, salary approved
Links, John A., FRAgent's Representative, bond of
Wood, Clifford, Assistant Manager,
salary increase approved
Los Angeles:
Banking quarters, purchase of adjoining vacant
property, no objection to
Conference on August 21 re termination loans,
representative to attend
Guarantee agreement of 1942 or 1943, renewal or
extension of, memo of bar Department re,
wire advising of letter to FRBanks
Personnel classification plan, changes approved
Staff:
Ambrose, Vv. N., Managing Director, salary approved
Barglebaugh, E. it., lisLdstant Manager,
salary approved
Bold, Fred G., Assistant Manager, salary ap,)roved
Borden, it. L;., designation as special
assistant examiner
Durran, a. D., Assistant Manager, salary approved
Lile, M. E., designation as special assistant
examiner
Magnusson, b. L., designation as special
assistant examiner
McRitchie, M., Assistant Manager,
salary approved
Meyer, L. C., Assistant Manager, salary approved
Miller, K. H., designation as special
assistant examiner
Robinson, J. R., appointment as FRAgent's
Representative approved
Bond of
Salary approved
1,atkins, G. H., Assistant Manager, salary approved
bLiary approved
Louisville:
Personnel classification plan:
Changes involving establishment of new positions
and increase in maximum salary for position
approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/26
834
6/ 1
6/ 1
1/19
865
865
103
6/ 1
865
6/21
1,)04
8/ 8
1217
9/.7:' 1436
7/13 1091
4/:21
641
4/21
4/21
641
641
12/13 1864
4/21
641
12/13 1864
12/13 1864
4/21
4/21
641
641
12/13
1864
592
4/15
666
4/26
7/13 1091
641
4/21
7/15 1103
2/12
221
29
Pages
Branch banks, FRSystem: (Continued)
Louisville: (Continued)
Personnel classification plan: (Continued)
Change approved
Changes involving increases in maxim= annual
salaries for two positions approved
Staff:
Burton, Fred, Assistant Manager, salary approved
Jenks, Stanley B., Assistant Manager,
salary approved
Moore, Lee S., Assistant Manager, salary approved
Schacht, C. A., Managing Director, salary approved
Memphis:
Banking quarters, purchase of adjoining lot,
no objection
Personnel classification plan:
Changes approved
Changes involving establishment of two
new positions approved
Staff:
Anderson, H. C., Assistant Manager, salary approve,.
Belcher, S. K., Assistant Manager, salary approved
Glasgow, W. H., Managing Director, salary approved
Martin, C. E., Assistant Manager, salary approved
Nashville:
Staff:
Fort, Joel B., Jr., Managing Dircctor,
salary approved
Harrison, E. it., Cashier, salary approved
Pike, Vdnslow E., Assistant Manager,
salary approved
New Orleans:
Staff:
Chapman, Lawrence Y., Assistant Cashier,
salary approved
Paris, E. P., Managing Director, salary approved
Sewell, W. H., Assistant Cashier, salary, approved
Shaw, M. L., Cashier, salary approved
Vasterling, F. C., Assistant Cashier,
salary approved
Oklahoma City:
By-laws, discontinuance of office of Managing Director
and appointment of Vice President as active manager
Personnel classification plan, changes involving
increase in maximum annual salary for FRAgent's
Representative approved
Staff:
Clark, James Calvin, Jc., FRAgent's Representative:
Bond
Salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/12
953
12/20 1915
6/ 1
36
6/1 865
L1/17 1712
6/1 865
7/ 1 1058
4/20
628
12/16
1883
6/15
6/ 1
967
6/1
6/1
865
865
865
5/26
5/26
834
834
11/16 1703
5/26
5/26
5/26
5/26
834
834
834
834
5/26
834
1/8
48
3/21
456
3/29
495
2/17
260
30
Pages
Branch banks, FRSystem: (Continued)
Oklahoma City: (Continued)
Staff: (Continued)
Cordill, Oliver P., Vice President, salary approved
Davenport, L. B., Assistant Cashier, salary approved
Fairbairn, Boyce, General Clerk, Accounting
Department, salary in excess of maximum approved
Lankford, J. R., Engineer and Building Supervisor, salary in excess of maximum approved
Mathes, R. L., Cashier, salary approved
cMuilen, R. J., Engineer and Building Supervisor, salary in excess of maximum approved
Ping, C. W., Chief Teller, salary in excess
of maximum approved
Pipkin, G. H., Managing Director, discontinuance
of office and appointment as Vice President
of FitBank of Kansas City, salary approved
L,-lary approved
.underlich, R. O., administrative Assistant,
salary in excess of maximum approved
Bylaws, discontinuance of office of Managing Director
and appointment of Vice President as active
manager
Personnel classification plan:
Changes involving increase in maximum annual
salary for FRAgentts Representative approved
Establishment of position of Utility Teller approved
Staff:
Berry, U. S., Assistant Cashier, salary approved
Cordill, O. P., Cashier, salary increase approved,
subject to certification to Joint Committee
Letter to Joint Committee on Salaries and
Viages on increase in salary of
Earhart, L. H., Managing Director, discontinuance
of office and appointment as Vice President
of FRBank of Kansas City, salary approved
Salary approved
Thornton, Ira Arthur, FRAgent's Representative:
Bond of
Salary approved
Pittsburgh:
Banking quarters, construction of addition to, not
warranted under la, in opinion of Board
Personnel classification plan:
Changes approved, title of Assistant Auditor
substituted for Auditor's Representative
Changes involving increase in maximum annual
salary of Currency Sorter approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/24 1742
6/ 1 866
11/21 1727
7/25
6/ 1
1142
866
12/ 8 1826
2/17
261
1/ c'
48
866
6/ 1
6/30 1052
1/ 8
48
3/21
456
8/8 1215
6/ 1
866
6/ 1
566
6/4 1017
1/ 8
6/ 1
866
3/29
2/17
495
260
7/ 6
1071
1/20
106
2/12
220
48
31
Pages
Branch banks, FRSystem: (Continued)
Pittsburgh: (Continued)
Staff:
Foster, A. G., Cashier, salary approved
Harrell, Clyde, Assistant Vice President,
salary approved
Johnston, J. B., Jr., designation as
special assistant examiner
Kossin, J. V., Vice President, salary approved
IcCiullough, Scott B., designation as
special assistant examiner
Nolte, W. H., Assistant Cashier, salary approved
Schmidt, J. A., Assistant Cashier, salary approved
Steinbrink, R. J., Assistant Cashier, salary approved
Portland:
Charge for space in rented buildings, advice to
ar Department in connection with expenses
involving war loans
Staff:
Andrews, W. H., designation as special
assistant examiner
Bent, D. W., Assistant Manager, salary approved
Blanchard, J. P., Assistant Manager,
salary approved
Davis, D. L., Managing Director, salary approved
Eaton, John 1 .0 designation as special
assistant examiner
Foster, R. P., designation as special assistant
examiner
Hammerly, J. M., designation as special
assistant examiner
Jones, C. A. designation as special
assistant examiner
MacEachron, S. A., Assistant Manager,
salary approved
Martin, J., designation as special assistant
examiner
Schmeer, Harold E., designation as special
assistant examiner
Salt Lake City:
Staff:
Barnard, 0. H., Assistant Manager, salary approved
Cottingham, H. B., designation as special
assistant examiner
Everson, R. E., Assistant Manager, salary
increase approved
Larsen, LeRoy, FRAgent's Representative,
salary approved
Leisner, J. M., Assistant Manager, salary approved
Moyer, L. D., designation as special assistant
examiner
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/20
997
6/20
997
1/18
6/20
96
997
1/18
6/20
6/20
6/20
5/12
96
997
997
997
747
12/13 1864
4/.=1
641
4/21
4/21
641
641
1/15
89
12/13 1864
r/13 1864
12/13 1864
4/:1
641
12/13 1864
1/15
89
4/21
641
12/13 1864
5/29
845
12/13 1864
641
4/21
1/15
89
32
Pages
branch banks, FRSystem: (Continued)
Salt Lake City: (Continued)
Staff: (Continued)
Partner, W. L., Managing Director, salary approved
Scott, W. M., Assistant Manager, salary approved
San Antonio:
Staff:
Cook, J. L., Cashier, salary approved
Davis, H. K., Assistant Cashier, salary approved
Salary approved
Holloway, W. H., Vice President, salary approved
Mundt, Alfred E., Assistant Cashier,
salary approved
Pondrom, L. G., Vice President, salary approved
Seattle:
Charge for space in rented buildings, advice to
War Department in connection with
expenses involving war loans
Staff:
uverson, R. E., Assistant Manager, salary approved
Harper, W. K., designation as special
assistant examiner
Morrill, R. H., Assistant Manager, salary
increase approved
Salary approved
Russell, B. A., Assistant Manager, salary approved
Shaw, C. R., Managing Director, salary approved
Silos, D. E., Assistant Manager, salary approved
salary approved
Thomas, George Vv., designation as special
assistant examiner
'eflitwam, R. C., designation as special
assistant examiner
Branch banks, foreign:
Establishment for armed forces, no objection to
French American Banking Corporation:
Paris, France, application for establishment of
branches to be favorably considered by Board
International Banking Corporation:
Paris, France, application for establishment of
branches to be favorably considered by Board
Order authorizing establishment of branch
Morgan & Cie. Incorporated, Paris, France, establishment
approved, in connection with investment in
stock by J. P. Morgan & Co. Incorporated
National City Bank of New York:
Cairo and Alexandria, Egypt, application for establishment, advice requested from Comptroller of
the Currency
Order authorizing establishment of branches
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/21
4/21
641
641
876
6/ 2
6/ 2 876
11/25 1747
9/16 1385
11/25 1747
6/ 2 876
5/12
747
4/21
641
12/13 11864
5/29
845
12/16 1883
4/21 641
4/21 641
4/21 641
12/16 1883
12/13 1864
12/13 1864
7/29 1164
8/ 2 1190
8/ 2 1190
9/ 7 1340
12/14 1870
9/16 1387
9/23 1473
33
Pages
Branch banks, foreign: (Continued)
National City Bank of New York: (Continued)
Calcutta, India, order authorizing establishment
of branch
Advice of opening
Dhahran and Ras Tanura, Kingdom of Saudi-Arabia,
application for establishment, advice re
requested in letters to Comptroller of
the Currency and Secretary of State
Application approved) order re
Ensenada Honda, Puerto Rico, establishment of
"facility" under authorization of
Treasury Department
Paris, France, by International Banking Corporation,
inquiry re establishment of branches in
application for establishment of
France,
Paris,
branches to be favorably considered
by Board
Porto Alegre, Brazil, application for permission
to establish additional branch, letters
to Secretary of State and Comptroller of
the Currency re
Application for establishment approved
Brazilian Commission, arrangements to vacate space occupied
in Board's building
bretton :,00ds Agreements: (See Stabilization, international)
6rown, CongressiA,n Paul, absorption of exchange or collection
charges, bill re to be introduced in House by
b runb.ick-Balke-Collender Company, Regulation WI inquiry re
billiard equipment, more information
requested from
Buck, Senator C. Douglass, S. 1642, Maybank Bill, effect on
FRSystem, letter in reply to
Eu(-06
'ets:
Board of Governors:
Amounts added to cover cost of stenographic record,
dinner, etc., for Chairmen's Conference
on May 10 and 11
Approved for 1945
Board Members' Office31 increase for Prnting
and Binding approved
Counsel's Office, amount added to items of Traveling
Expenses and Telephone and Telegraph Expenses
Division of Examinations:
Item of traveling expenses increased to cover
cost of employees assisting in examination
of Transamerica Corporation
Item of Miscellaneous Expenses increased to
cover cost of transcript in Transamerica Securities and Exchange Commission hearings
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/ 7 133
11/30 1T-7
7/ 3 1062
7/29 1177
2/ 4
169
7/29
1165
8/ 2 1190
1/29
2/17
148
262
9/14 1372
1/13
62
9/26
1493
3/27
483
5/ 1
694
12/20 1917
7/19 1127
11/11
1678
1/18
99
2/14
243
34
?ages
Budgets: (Continued)
Board of Governors: (Continued)
Division of Examinations: (Continued)
Amount added to cover cost of stenographic
record of Conference of Auditors
Postage and expressage account for 1944 increased
Amount added to items of Traveling Expenses
and Stationery and Supplies
Division of Personnel Administration:
Increase for payments to substitute maid approved
Amount added to items of Repairs and Maintenance
and Books and Subscriptions
Research and Statistics:
of
Division
Adjustment to be made for unexpended portion
of salary for Alfred Bettman for completion
of tork in 1944
Amount added to cover cost of surveys of
individuals' holdings of liquid funds
Amount added to cover reimbursement to FRBank
of New York for loan of services of
Mr. esley G. Haraldson
Amount added to items of Printing and Binding
and Stationery and Supplies
Security Loans, increase in allocation
of
Division
for traveling expenses approved
Fiscal Agent, item of Repairs and Maintenance of
office increased
Increase to cover cost of stenographic transcript
of conference on termination loans on
August 21
to be increased to cover costs of
Division,
Legal
transcript of hearing in case of Messrs.
Agnew and Fayerweather
Secretary's Office:
Item to be increased to cover deficit in
operations of cafeterias and dining rooms
in 1944
Secretarial and Administrative Functions,
increase for Furniture and Equipment approved
Service Functions, increase for postage and
expressage approved
Aar Loans Committee, increase in item of Books %nd
Subscriptions to purchase Dun -1L1 Br-Idstreet
Annual Register approved
FRBank of Chicago:
Statistical and analytical function for 1944,
approved at less than requested
Research and Statistical Department, supplemental
budget for 1944 approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/30 508
7/12 1089
11/11
1678
7/ 6 1072
11/10 1675
3/17
427
3/21
450
9/18
1411
11/16
1705
#f /
0;
0
)31
3/29 1293
8/10 1227
9/16
1388
4/14
579
7/19 1127
7/21 1131
4/17
598
4/17
597
10/ 7 1542
35
Pages
Budgets: (Continued)
Faanks:
Bank examination and research and statistical functions,
1/ 6
estimate for 1944 requested
3/29
Bank examination departments, approved for 1944
4/17
Statistical and analytical function for 1944, approved
Building and loan associations, applicability of Regulation V;
4/10
to loans to shareholders
Bur,au of the Budget:
Autnrizat ion to FRBanks to buy Government obligations
directly from Treasury, letter recommending
4/21
extension of, apnroved by Board
Form 105 for use in midyear call report of condition
5/30
submitted to
10/25
Revised forms sent to
Legislation, reports and recommendations on proposed,
circular requesting submission of,
8/13
no action taken
Pay roll schedule, change re, Board procedure to be
12/21
continued without change
Second -ar Posers Act, bill to continue certain sections
in effect, approval of recommendation of
5/17
Attorney General
L'). 1918, letter to Mr. Bailey approving report of
War Department on bill to amend section
7/ 5
13b of FRAct
Bureau of Engraving and Printing:
FRBank notes, face models approved and to be held for
6/ 5
possible future printings
FRnotes, printing requirements for 1946, reply to
8/11
Mr. Hall re estimates
Reduction in orders for printing, program for,
9/19
matter to be discussed with Treasury
Bureau of Internal Revenue:
FRnotes, inquiries re particular denomination not be
be initiated by Internal Revenue Agents,
copy of letter from Treasury sent to FRBank
of Atlanta in connection with in.,.uiry of
3/29
Mr. Howard
Internal Revenue Code, Section 117, provision re
exemption from income taxes, copies sent
3/:4
to FRBanks, views requested
6/12
Not applicable to FRBanks, copy of ruling sent to FRBanks
Retirement system, refunds under Board of Governors Plan,
question of income taxes on, letter to
2/11
Mr. Graves
to
of
subsection (f)
Taxation of FRBanks, applicability
section 54 of Internal Revenue Code,
4/ 8
letter to Mr. Nunan requesting advice re
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
33
502
597
560
645
852
1622
1258
1920
76
1069
884
1229
1413
501
475
954
16
556
36
P,zes
Bureau of Labor Statistics:
Employees of FRBanks, number and salaries, monthly reports
requested by, instructions to FRBanks
Statement showing number and salaries for
September and October sent to
Bush, 1,1r. H. C., Secretary of Retail Credit Association of
Des Lloines, Inc., Regulation
letter
in reply to question of classification
of credit sales as charge or instalment
Bylaws:
Cincinnati Branch, amendment increasing number of
directors from five to seven
Denver Branch, discontinuance of office of Managing
Director and appointment of Vice
President as active manager
Amendment to provide that board of directors shall
consist of five members approved
Jacksonville Clearing Association, amendment re exchange
charges, question of violation of Regulation
Oklahoma City Branch, discontinuance of office of
Managing Director and appointment of
Vice President as active manager
Amendment to provide that board of directors shall
consist of five members approved
Omaha Branch, discontinuance of office of Managing
Director and appointment of Vice
President as active manager
Pittsburgh Branch, amendment increasing number of
director, from five to seven
krrd, Senator liarry F., absorption of exchange charges,
letter re Board's ruling sent to
10/25
1623
1, 8 1829
7/13
1092
12/14
1869
1/8
48
L2/18
1906
1/11
60
1/8
48
12/18
1906
1/8
48
L2/14
1869
2/ 4
169
5/22
813
5/18
793
6/ 5
882
4/14
577
4/2v,
655
!ICI!
Cafeteria:
Bonds, expense of fidelity bonds covering operations,
not to be incurred by Board
Cash fund to be established w,len operations are taken
over by Board on June 1, 1944
Deduction for meals from compensation of workers,
reduction in
Operation of, discussion of deficit in, arrangement
discontinuing management fee and for
purchase of food through welfare and
Recreational Association to be attempted,
if not satisfactory, other economies to
be made and Board to review matter again
Termination of Agreement with .elfare and Recreational
Association
Capital of banks, adequacy discussed at meeting with Federal
Advisory Council
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
LI 4 1799
37
Pages
Case, Mr. Otto A., borrowings by State governthents from FRBanks,
148
1/29
legislation for, letter in reply to
Letter from Chairman Eccles on proposal to amend FRAct
to permit States to borroa from FRBanks
304
2/25
on security of Government bonds
Charts:
Par and nonpar banks, charts showing distribution by
62
1/13
States, distributed by Mr. Ransom
Responsibilities of directors of FRBanks, to be submitted
to Chairmen and executive committee of
Chairmen's Conference for approval, revised
14
1/ 5
copies to be sent to Mr. Powell
Circulars:
Board of Goveenors:
Absorption of exchange charges, Provident Trust Company,
not considered a payment of interest, copy
of telegram re to Mr. Sienkiewicz sent to
FRBanks and Comptroller of the Currency
493
3/23
Annual reports of holding company affiliates, to be
obtained on form FR 437, instructions to
12/ 6 1,311
FRBanks
9,
date
July
to
extended
expiration
Appraisal guides,
in view of OPA adoption of price ceilings
6/14
effective July 10, telegram to FRBanks
964
contracts,
Government
Assignment of claims under
requirements of General Accounting Office,
especially for Regulation V loans
4/22 647
Bank debits table in FRBulletin, to include deposit
1/ n
turnover rates, instructions to FRBanks
49
draft
of
bill
Bank holding company legislation,
792
5/18
prepared by Board, copy sent to FRBanks
Mr.
Patman
not
to
by
be
present,
at
Introduction
5/20
801
upon advice of Treasury, telegram to FRBanks
activity,
Federal
essential
of
request
Advisory
Banks as
Council transmitted in letter of Chairman Eccles
to Messrs. McNutt and Hershey, copies sent to
4/24 656
FRBanks and others
statistical
bank
and
examination
and
research
Budget for
functions of FRBanks, estimate for 1944
33
1/ 6
requested
of
disclaimer
Board
of,
Governors,
taxation
Building of
sent to FRBanks, with explanatory letter to
33
1/ 6
Chairmen
Procedure re execution of master copy of disclaimer, letter with memo sent to FRBanks
625
4/19
in
commissions
Army,
recommendations
further
Civilian
not to be submitted, authority to make ‘,ith276
2/21
drawn, letter re sent to FRBanks
Classification of member banks for election of Class
and B directors, continuation of preent,
1621
telegram to be prepared
1/2a 1629
No changes to be made at. present
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
38
Pages
Circulars: (Continued)
Board of Governors: (Continued)
Commemoration of 30th anniversary of FRBank of
Boston, letter of appreciation
Commodity Credit Corporation, FRBanks to act
directly as fiscal agents for, letter
to FRBanks on revised procedure
Condition reports, midyear call for State member
banks, forms and instructions sent to FRBanks
Fall call not to be made, advice to FRBanks
Condition reports of weekly reporting member banks,
change in time of release of, telegram to
FRBanks
Contract termination, copies of correspondence between
Chairman Eccles and Mr. Baruch, with copy of
letter by Mr. Hancock with enclosures, and
information re conference, sent to FRBanks
Revised draft of Statement of Policy on Termina—
tion Financing, copy sent to FRBanks
Currency, assortment of paper according to fitness,
letter to FaBanks on reducing standard of
Directors, new, letter to be sent with statement of
duties to, copies sent to FRBanks and
comments requested
etter of welcome into FRSystem, word
"supplemental" to be deleted
Directors of FRBranch Banks:
Amendment to section 3(b) of Regulation as
to appointments by FRBanks
Six,-year rule waived in connection with appoint—
ments for terms beginning January 1, 1945,
on same basis as last year
Dividends, payment of semiannual, approved,
telegram to FRBanks
responsibilities of directors of FRBanks,
and
Duties
revised statement sent to FRBanks with
instructions for distribution to directors
Earnings and expense reports of FRBanks, revised
Manual of Instructions and forms, supply
sent to FRBanks
nmployees of FRBanks, number and salaries, monthly
reports requested by Bureau of Labor
Statistics, instructions to FRBanks
Examinations, participation of examiners of one
FRBank in examination conducted by
another FRBank, approved
Fair Labor Standards Act, applicability to FRBanks,
Mr. Leonard to discuss matter of ruling
with Mr. Sproul, letter re sent to Mr. Day
and all FRBanks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/13 1680
6/27 1033
852
5/30
9/19 1421
5/20
803
2/ 7
176
2/12
221
5/ 6
722
4
:/:1
L
:578
7/ 8
1378
10/10
1548
6/24 1019
4/25
661
12/ 9
1835
10/25
1623
2/ 3
163
12/29
1953
39
Pages
Circulars: (Continued)
Board of Governors: (Continued)
FRBank reports of member bank deposits, reserves and
borrowings on forms 422 and 413, schedule
for sending, forwarded to FRBanks
Financing proposal re industrial loans under section
13b of FRAct, letter of Chairman Eccles
.ith enclosures to FRBanks, comments re4uested
Forms:
FR 34, 1945 edition, proof sent to FRBanks,
supply to be forwarded
condition reports of State member banks,
105,
FR
revision for end-of-year approved, sent to
FRBanks
FR 107, earnings and dividends report, copies
and instructions sent to FRBanks
earnings and dividend report, copies
107b2
FR
and instructions sent to FRBanks
form
of
report
semiannual
for
of guaranteed loans,
reports
579,
and
577
FR
instructions to FRBanks
FR 579, instructions re applications under T
loan guarantees and 1944-V loLn guarantees,
to assist OCS, letter to FRBanks
FR 581, revised for T loans, instructions to
FRBanks
No. 1 of Office of Contract
Regulation
General
Settlement, copy of letter and enclosures
sent to FRBanks
to expenditure for Christmas
objection
Gifts, no
packages to employees in military service
Government securities as collateral for FRnotes,
procedure re, no objection to designation
of employees as custodians
Government securities received for payment, redemption,
or exchange, to be excluded from DAly
Balance Sheet (Form FR 34)
Guarantee agreement:
Memo from War Department re execution and
delivery of, copy sent to FRBanks
Lections 5 and 6, of 1942 form, computation of
ratio in, copy of memo from War Department
re sent to FRBanks
Sections 5 and 6, treatment of cost-plus-fixed
fee contracts when computing adjustments
under, letter sent to FRBanks
Paragraphs 6(13) and 6(F), copies of letters
re interpretation of, sent to FRBanks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/23 1013
4/29
684
12/ 2 1782
10/25
1622
12/ 1
1776
6/9
()39
lo/27 1634
12/22 1931
10/27 1636
8/25
1285
7/22 1134
8/ 5 lal
9/29 1504
2/26
310
3/21
460
3/21
460
3/23
468
40
Pages
Circulars. (Continued)
Board of Governors: (Continued)
Guarantee agreement: (Continued)
Sections 5 and 6, adoption of special section to
define "cancelled contract" and to exclude
small contracts from computation of adjustment formula, comments requested from FRBanks
Amendments to facilitate adjustments under
sections 5 and 6, approved by War and Navy
Departments, copies of letters re sent to
FRBanks
Amendments to sections 4 and 6, approved by
Maritime Commission, copy of letter re
sent to FRBanks
Dating as of date prior to execution, memo
from Navy Department re, copy sent to FRBanks
Sections 5 and 6, memo from Navy Department re
adjustments under, copy sent to FRBanks
Sections 5 and 6, memoranda from Navy and War
Departments re adjustments under, copies
sent to FRBanks
Section 6(F), form of report on cancelled
contracts to be filed under, copy sent to
FRBanks for comments
SectiAa 6(B), memo from Navy Department re
interpretations of, copy sent to FRBanks
Revision proposed to eliminate sections 4, 5, 6,
and 7, copies of agreement and instructions
sent to FRBanks, comments requested
Section 6, memo from War Department re inquiry
from FRBank of New York, copy sent to FRBanks
Memo from Navy Department re June 1, 1944
amendment to, copy sent to FRBanks
1942 or 1943, renewal or extension of, memo of
11,ar Department re, copy sent to FRBanks
and wire to Los Angeles Branch
Rescission of memo from Navy Department re
June 1, 1944 amendment to, advice to FRBanks
Amending to provide for lower guarantee fees
without adopting 1944 V guarantee form, copy
of vAre from FRBank of San Francisco and
Department sent to FRBanks
reply from
Letter transmitted by FRBank of New iork to
financing institutions vith outstanding
agreements of ar Department, copy sent
to FRBanks
Guaranteed loans:
In distress, procedure, memo of ar Department,
copy sent to FRBanks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/21
643
5/22
812
5/31
e63
Vio
951
6/10
951
6/12
,I)5/
6/20
999
6/29 1047
7/12
1086
7/25 1143
9/ 9 1355
9/22 1435
10/ 3 1512
12/14 1873
12/23 1937
4/25
664
41
Pages
Circulars: (Continued)
Board of Governors: (Continued)
Guaranteed loans: (Continued)
Purchased in part by 1.ar Department, procedure
for obtaining verification of data, copy
of memo from War Department sent to FRBanks
Calipromise settlements involving, copy of memo
from War Department sent to FKBanks
Holidays, FfiBanks, request for list of scheduled
holidays and statement re opening and
closing hours
H.R. 3022, query of /4r. Hancock re loans by member
banks under, in comparison with plan in
S. 1718, views of FRBanks requested
H.R. 3956, Bro;a1 Bill, copies of majority and minority
reports of House Banking and Currency Committee and covering letter from Board, sent to
FRBanks, instructions re
H.R. 3956 and S. 1642, absorption of exchange charges,
reports sent to Chairmen of Senate and !louse
Banking and Currency Committees, copies sent
to FRBanks, Federal Advisory Council, and
National Association of Supervisors of State
Banks
Insurance, draft of letter to Presidents re
expenditures for
International conference at Bretton V.00ds, monetary
2und, memo of hr. Goldenweiser in answer
to criticisms by Senator Taft, sent to FRBanks
International itIonetary Fund and Bank, plans, analysis
to be published in FRBulletin, copy sent to
FRBanks, printed form of text to be forwarded
Legislation, State, program of Council of State Governments for 1945, FRBanks requested to advise
Board of proposals to be submitted for
Loan agreements relating to guaranteed loans, letter
from Fil4ank of Chicago and MeMO from
Department
Lo'n commitments, reporting in contingent liability
schedule, no change in instructions, letter
to FRBanks
Loans guaranteed on behalf of Maritime Commission,
memo designating representatives for
instructions re
Loans to veterans, instructions re distribution
of forms sent to FftBanks
Loss-sharing agreement, revised form executed by
FRBanks, to be effective January 1, 1945
14emo from Navy Department supplementing 5-794,
copy sent to FRBanks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/ 6 1536
LO/ 7 1242
1/ 3
5
4/29
686
2/18
267
1/24
119
3/10
397
7/29
1166
8/10
1226
4/20
630
8/22 1277
4/25
665
10/ 4 1514
11/22 1731
12/22 1932
12/12 1862
42
Pages
Circulars: (Continued)
Board of Governors: (Continued)
Memo from Vvar Department re protection of assignee
in certain cases, copy sent to FR&nks
Navy contracts, revised directive on transfer and
assignment provisions, copy sent to FRBanks
Navy Department, sums of money ov.ed to, memo from Navy
Department re further instructions in S-626
1944 V-Loan Guarantee Agreement, letters from har
and Navy Departments re sent to FRBanks,
supply to be forwarded
Amendment to instructions re, copy of memo from
ar Department sent to FRBanks
Approval by Maritime Commission, advice to FRBanks
Couipliance with term "unconditional", advice
from Comptroller of the Currency
Instructions to FRBanks on applications
Operating ratios of member banks for 1944, revised
forms (456) for use in compilation of ctta,
sent to FRBanks
Pacific Coast National Automobile Dealers Used Car
Guide, designation for Vest Coast approved,
new publication to be released in January, 1944
Regulation Q, FDIC examiners, State member banks not
to be examined or visited by, without
written consent of Board, telegram to FRBanks
Regulation V, revision of, draft sent to FRBanks,
comments and suggestions requested
Approved by Director of Contract Settlement,
photo-offset negatives, copies available
to FRBanks, amendment to Regulation A in
connection with
Monthly reports on Form FR 581, subsidiary
reports for V and VT loans to be omitted
Regulation W:
Amendment No. 11 proposed, text of draft sent
to FftBanks, comments and suggestions requested
Amendment No. 11 adopted, advice of and instructions sent to FRBanks
Amendment No. 12 adopted, instructions sent
to FRBanks
Amendment No. 13 adopted, instructions to FRBanks
Amendment No. 14, berviceLien's Guaranteed Loans,
adoption of
Amendment to exclude credits for insulated brick
siding, copy of letter to Northeastern
Roofing, Siding and Insulating Contractors
Association, Inc., sent to FRBanks
Billiard equipment, not included in listed articles
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/12
222
1/22
115
10/18
1595
9/12
1362
9/13
9/19
1365
1422
9/27
10/ 9
1497
1546
9/27
1496
1/ 5
14
3/31
515
6/ 2
876
8/12
1235
12/27
1950
2/15
250
3/23
472
6/16
6/20
974
995
11/ 3 1654
6/ 9 938
10/17 1592
43
Pages
Circulars: (Continued)
Board of Governors: (Continued)
Regulation .: (Continued)
"Cash Price", meaning of, correspondence with attorney
3/29
in connection veith, letter sent to FRBanks
Credit sales, charge and instalment, ruling
7/13
re classification, letter to FRBanks
Lnforcament activities:
2/21
Condensation of Item 7 in quarterly reports
1/11
Reports of, suggestions re,uested
Lstablishment of :iximum credit values for used
3/15
194- model automobiles, letter sent to Fratnks
"Heating eLiuipment" in section 8(m), includes
heating stoves and water heaters, but not
6/15
cooking stoves or ranges, telegram to FRB:nks
',.,,ximurn Price Regulation 540, issued by (IPA,
effect on used car classification,
6/24
copies sent to FtLBanks
Partial payments in cnarge account,
7/13
rul_ing re, letter to Filbanks
of
11,
Z:mendment ho.
Leprint after adoption
instructions sent to PitBanks
3/25
Section 8(m), apr)licability to credit for coal
stokers, letters to FRBanks clarifying
11/24
rulings re
Section 12(b):
Interpretation of, advice of FRBanks re
4/28
preference for solution re,uested
on
consolidated
payments
uniform
of
Schedule
obligation, ,iuestion of compliance aith,
raised by small loan lenders, letter to
3/17
FRBanks
for
FR.Bnk
statement
by
prepared
Violations,
9/28
surrender of license, copy sent to FRBanks
loans
having
by
agreements
contractors
Renegotiation
guaranteed by ;iiaritime Conuaission, copy of
2/14
letter from Maritime Commission sent to FRBanks
FRBanks,
at
title
of
Department,
adoption
Research
changes in personnel classification plans
12/21
to effect, advice to FRBanks
Reserves, withholding taxes in cases presented by
Irving Trust Company not classed as deposits,
to be shoJn in condition reports as "Other
Liabilities", letter sent to FRBanks and
6/15
Comptroller of the currency
Retirement system, supplement,1 payments authorized
for involuntary termination of services of
members at FaBanks
3/17
4/20
Authorization of 2-714 not modified by 2-741
Salary data, i.RBanks, annual report re number and
salaries of officers and employees for
12/29
1944 reLiuested
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
496
1092
275
61
419
968
1018
1092
479
1743
676
430
1500
242
1919
968
433
627
1961
44
Pages
Circulars: (Continued)
Board of Governors: (Continued)
8-7661 sections 5 and 6 of guarantee agreement, copy
of telegram from FRBank of Chicago and memo
from Navy Department re sent to FRBanks
8. 1642, advice to FRBanks concerning replies to
letters from member banks re Board's report on
Series 0 Savings Bonds to be carried by banks at
par value, statement issued
System research committee, plan of rotation of
membership, new procedure re publications,
etc., of research staffs
Taxation of FRBanks:
Internal Revenue Code, Section 117, provision
re exemption from income taxes, copies
sent to FRBanks, views requested
Not applicable to, copy of ruling sent to FRBanks
Telegrams sent by FRBanks for account of Board,
table showing number and cost for 1939-43
sent to six FRBanks, with suggestion that
Banks absorb expense directly
Termination loans, conference re policies and procedures
to be held, FRBanks advised and names of
representatives requested
T loans, proposed form of guarantee and loan agreement, letters enclosing drafts sent to
FRBanks, comments and suggestions requested
Revised form of guarantee and loan agreement,
copies with proposed instructions and
notes sent to FRBanks, comments and
suggestions requested
Application form and revised FR 577, copies
and instructions sent to FRBanks
Statement of Eligibility, memo from ar
Department re proposed form
Letter from Maritime Commission enclosing form
for statement of eligibility, copy sent
to FRBanks
Procedure for obtaining legal opinion on
inconoration of borrower and validity
of contract, inquiry from Faank of
Minneapolis and reply from Navy Department,
copies sent to FRBanks
T-Loan Guarantee Agreement, memo from V,ar Department
re submission of statements of guarantee
fees received on
Compliance with Exception 10 to section 5200
of U. S. Revised Statutes and with term
"unconditional", copy of letter froh,
Comptroller of the Currency sent to FRBanks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/26
1026
2/11
210
1/ 3
4
3/21
460
3/24
6/12
475
954
5/30
051
8/ 8 1217
5/10
739
7/ 4
1365
9/ 7 1342
9/ 8
1349
9/15
1381
12/ 9 1835
9/ 6
1335
9/ 8 1350
45
Pages
Circulars: (Continued)
Board of Governors: (Continued)
T-Loan Guarantee Agreement: (Continued)
Disposition of duplicate copies of statements
re Paragraph 7, copies of letters from
Detroit Branch and War Department sent
to FRBanks
Paragraph 5, memo from Navy Department re
interpretation, copy sent to FRBanks
Section 6, letter from FRBank of San Francisco and reply re interpretation of,
copies sent to FRBanks
Certificates and reports in Explanatory Notes
32 and 34 in connection with, copy of
memo from Navy Department sent to FRBanks
T-Loan program, advice of revision of Regulation V
and amendment of Regulation A, schedule
of rates and fees and enclosures sent to
FRBanks, the Services, and Mr. Hinckley
Press statement to be released, instructions
to FRBanks
Press statement, copy sent to FRBanks,
Hr. Hinckley, and the Services
United States savings bonds, procedure for rsporting
redeemed bonds and reimbursements for
services, instructions sent to FRBanks
V-loan guarantee agreements, authority for consent
to changes in contracts as collateral rnd
to termination settlements, memos from the
'3ervices and letters re, copies sent to
FRBanks
V or VT loan guarantee agreements, memo from Navy
Department re execution of on reprinted
form, copy sent to FRBanks and the Services
VT loans:
Applications, policy of Maritime Commission,
copy of letter sent to FRBan':s
Policy of Navy Department, copy of statement
sent to FRBanks
Veterans Administration, information on Forms
1800-1806 sent to FRBanks
War contracts, legality of certain types, opinion
of Attorney General, copies sent to FRBanks
Opinion of Attorney General, no objection to
giving out copies to interested parties
War Foods Administration study program, explanatory
statements on consumer credit furnished
for, copies sent to FRBanks
War loan agreement, special provision to be contained
in, copy of memo from War Department sent
to FRBanks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/28
1754
12/ 6
1811
12/15
1373
12/19
1913
9/ 6
1331
9/ 3
1346
9/ 8
1347
9/30
1506
10/28
1640
1
693
3/ 6
369
3/3
361
12/ 8
1830
1/13
81
1/18
97
10/18
1595
5/3
701
46
Pages
Circulars: (Continued)
Board of Governors: (Continued)
.ar loans:
Acceptance by borrowers of materials, etc., as
442
payment on contracts, letters sent to FRBanks
3/20
Conference, record of meetings on August 21-22,
copy sent to FRBanks, the Services, and
Mr. Hinckley
8/30 1296
Extensions of maturity under 1942 form of guarantee
agreement, copies of memos from Lervices sent
728
5/ 8
to FaBanks
Guaranteed on behalf of Maritime Commission,
letter re agreements and amendments in
connection with, copy sent to FRBanks
6/ 3 880
Guarantees on behalf of Navy Department,
photostats of documents sent to FRBanks
8/10 1225
Guaranteed by Navy Department, memo re procedure
for collection and settlement, and memo re
purchasing by Guarantor, copies sent to FRBanks
9/28 1500
Guaranteed by War Department, procedure to be
followed re deposits of fees, refunds and
other payments in connection with, copy
9/30 1506
of memo sent to FRBanks
of
form
guarantee
agreement,
1942
under
Renewal
"final maturity date" refers to credit,
5/:)0
telegram to FRBanks
801
Transmission of information to financing institutions and Liaison Officers, memo from War
Department, copy sent to FRBanks
5/2'7
838
Transmission of information to Liaison Officers,
7/ 5 1068
letter to FRBanks re
Secretary
to
Maritime
J.,
Commission,
A.
AlliPms,
FRBanks advised of election
1/ 7
46
System:
Uetirement
Adjustment of accounts, drafts of proposed
letters approved
2/12
223
Department:
Treasury
No. 745, not applicable to surety bonds covering
FRAgents, receipts for r_newal premiums
10/11 1553
not to be forwarded to board
Civil Aeronautics Board:
Mitchell, George Vg., FRBank of Chicago, leave of absence
8/12 1233
to conduct st,Idy for, no objection to
Civil Service Commission:
Fishburn, Judith, former employee of Board, request for
799
5/20
classification status, letter sent to
Regulations under Veterans Preference Act of 1944 re
positions in unclassified Civil Service,
Board's procedures pending issuance of
2/18 1259
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
47
Pages
Civil Service Commission: (Continued)
Eetirement system:
Adams, Mrs. Elizabeth D., elevator operator,
appointment on temporary basis, to
remain member of
Crowell, Mrs. Teresa, charwoman, to remain member of
Johnson, Mrs. Frances Leone, clerk-typist,
to remain member
lairphy, Mary iLargaret, clerk-typist in Division
of Research and Statistics, member of
.hite, Mabtin G., Assistant General Attorney,
appointment approved, subject to
release from Army, to remain member of
.olfe, Mrs. Margaret L., stenographer, appointment
approved, to remain member of
Veterans Preference Act of 1944, Mr. Leonard designated
as Board's representative to discuss
drafting of regulations for
Clayton Act, Section 7, responsibility of Board for enforcement of
Clearing and collection:
Absorption of exchange and collection charges, hearing on
before Banking and Currency Committee of
Congress, statement rc: by Messrs. Hansom
and McKee, discussion of, at meeting of
federal Advisory Council with Board
Statement prepared re position of Federal Advisory
Council on, discussed at meeting of
Federal Advisory Council with Board
American Trust Company of Charlotte, t:uestien
of continuing practice of
Brnis:s in Charlotte, N. C., agreement to discontinue
American Trust Company of Charlotte, N. C., amendment
to lay,, suggested by Mr. C'ood, letter from
Board
1-Luling on, letter to Senator .herry re co:uent
of Nebraska banker on
Letter to Mr. Lex Green re inquiry
from Mr. Hardee
S. 1642, to amend section 19 of FRAct to provide
that it not prohibit, introduced by
Senator llay1):nk
Bill to be introduced in House by Congressman
Paul Bro/n, hearings to be held on
Hearings on hegulation k„:, and H.L. 3956 to be considered by House Banking and Currency Committee
ueference to four banks complaining of Board's
ruling re, discussion of
N.H. 3956 and S. 164:' to Chairmen of
on
fteports
Senate and House Banking and Currency Committees, copies sent to FaBanks, Federal
Advisory Council, and National Association
of Supervisors of State Banks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/0 1604
10/13 1563
10/18
1594
9/11
1356
12/16
1280
10/28
1639
7/15
7P9
1106
1175
1/ 5
16
1/ 5
17
1/ 6
1/ 6
24
24
1/ 7
38
1/10
53
1/11
58
1/13
62
1/13
62
1/19
100
1/19
101
1/24
119
48
Pages
Clearing and collection: (Continued)
Absorption of exchange and collection charges: (Continued)
Letter to Senator Byrd re Board's ruling on
Case of National State Bank of Elizabeth, N. J.,
where costs of collecting charges would
exceed amount absorbed, letter to FRBenk
of New York
Resolution adopted by Federal Advisory Council,
revision approved, to be released to press
Letter to Mr. E. W. Kane re progress of legislation on
Case of Seattle-First National Bank, Spokane,
Washington, letters to Mr. Triplett
and to FRBank of San Frtncisco
H. R. 3956, letter to Mr. R. H. Norris re Board's
covering letter on reports of
bills, Board to continue opposition
Maybank
Brown and
to, Chairman Eccles to discuss matter with
Senator Wagner before reconsideration by
Board
Letter of Congressman Crawford to be sent to member
end nonmember banks, Board's facilities
to be utilized
Status of Brown end Maybank bills, discussion of
means of defeating, at meeting of executive
committee of Federal Advisory Council with
Board
Reply to criticism of Board's position re,
sent to Commercial West
Letter in reply to Mr. P. E. Murphy, enclosing copy
of transcript of Hearings on H.R. 3956
rnator Bailey re letter of Mr. A. McG.
Letter to iS,
Little end service charges made by Scottish
Bank of St. Paul and Lumberton, North Carolina
S. 1642, Maybank bill, effect on FRSystem,
letter to Senator Buck re
Provident Trust Company, not considered a payment
of interest, telegrum to Mr. Sienkiewicz
Avoidance of Expense to Member Bank, statement to
be published in April issue of FRBulletin
Letters to Mr. Romfh re out-of-town checks and
practices of Jacksonville banks
Discussion of time for hearings on Brown-Maybank
bills and attitude at meeting of executive
committee of Federal Advisory Council with
Board
Request for statement of Board's position to be
published with FDIC statement in American
Banker, Board opposed to granting
Position of Federal Advisory Council on ruling of
Board and statement of American Bankers
Association on Brown-Maybank bills discussed
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/ 4
169
2/ 8
173
2/14
2/16
226-9
256
2/25
300
3/ 1
352
3/ 6
368
3/ 6
368
3/ 8
379
3/15
417
3/20
440
3/21
456
3/27
488
3/28
493
3/29
503
4/ 5
541
4/ 5
549
4/21
641
4/21
637
49
Pages
Clearing and collection: (Continued)
Absorption of exchange and collection charges: (Continued)
Violations by State member banks in Louisville,
discussion at Federal Open Market Committee
meeting, action delayed pending hearings on
Brown-Maybank bills
Violations of ruling, discussion at meeting of
Federal Advisory Council with Board
Hearings on Brown-Maybank bill to be held week
of August 7
To be discussed by Presidents' Conference before
joint meeting with Board
Hearings on Brown-Maybank bill to be held before
Senate Committee, discussion at meeting
of Federal Advisory Council with Board
Enforcement of Regulation Q discussed at meeting
with Presidents
American National Bank and Trust Company of Chicago,
practice of furnishing banks with money
order forms, question of violation of
Regulation Q1 letter from Allegan State
Bank, Allegan, Michigan, referred to
Legal Division for reply
Furnishing of money order forms to banks,
question of being payment of interest,
left to discretion of FRBank of Chicago
American Trust Company of Charlotte, North Carolina,
reference to increase in deposit liability
and reply by Mr. Ransom to letter from
Mr. Wood
Analysis of checking account.; for assessment of service
charges, not a payment of interest,
letter re inquiry of Mr. House
Brown-Maybank bills:
Board to continue opposition to, Chairman Eccles
to discuss matter with Senator Wagner
before reconsideration
Status of bills, discussion of means of defeating,
at meeting of executive committee of
Federal Advisory Council with Board
Effect on FRSystem, letter to Senator Buck
Discussion of time for hearings and attitude on
bills at meeting of executive committee
of Fe,ieral Advisory Council with Bonrd
Statement of American Bankers Association discussed
by Federal Advisory Council
Hearings to be held week of August 7
Hearings to be held before Senate Committee,
discussion at meeting of Federal Advisory
Council with Board
Discussion of letter to nonpar banks from Mr.
Gormley, drafts of letters to be
submitted to Board at later date
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/5
713
5/15
770
7/29
1169
11/11
1673
12/ 4 1785
12/11
1845
4/14
586
4/24
653
1/13
63
2/22
238
3/6
368
3/3
3/27
368
483
4/5
549
4/21
7/29
637
1169
12/ 4 1785
12/22
1929
50
Pages
Clearing and collection: (Continued)
Check routing symbol plan, Mr. Smead to attend meeting of
System Committee on Collections, no objection
to Bank Management Commission of American
Bankers Association proceeding with
Collection of checks, exchange charges, etc., reply
to letter of Mr. Edward C. Romfh
Reply to letter of Mr. D. C. West, copies of
letters sent to Mr. Davis
Endorsements on checks, report to be made on H.R. 3513
H.R. 3956, information requested from F.D.I.C. for
hearings on, letter to Mr. Crowley
closing matter
Jacksonville Clearing Association, amendment to bylaws
re exchange charges, question of
violation of Regulation C
Maybank bill, letters of appreciation to associations
and senators who aided in opposing passage
in the Senate, draft approved
Mississippi State Bankers' Association, resolution re
absorption of remittance charges by city
correspondents of country banks, letter
explaining Board's ruling
Nonpar checks, charge on, letter to First National
Bank of Leesburg, Florida
Nonpsr list, publication of, in lieu of par list,
reply to letter of Mr. G. G. Ware
Oklahoma City Clearing House Association, furnishing forms
of bank money orders, question of violation
of Regulation C as payment of interest,
left to discretion of FRBank of Kansas City
Per and nonpar banks, charts showing distribution by
States, distributed by Mr. Ransom
Peoples Bank of Leslie, Michigan, proposed regulation
re cashing checks on out-of-town banks,
not considered a payment of interest on
demand deposits
in event of defeat of Brownenforcement
Regulation 0,
Maybank bill, instructions to be issued
to FRBanks, Mr. McKee to make recommendation
Revision of Regulation J and Check Collection Circulars,
no change to be made at present, recommended
at meeting of Presidents with Board
Recommendation of Presidents' Conference Committee
on Operations that no change be made at
present approved, letter to Mr. Day
Clesring house associations:
Denver Clearing House Association, manpower problem,
discussion of but no action taken
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/29
1957
3/16
424
4/ 5
2/22
540
283
8/11
1230
1/11
60
12/29
1955
1/13
79
3/30
506
3/30
506
5/19
797
1/13
62
1/13
78
12/18
1903
9/22
1439
10/12 1559
3/ 1
334
51
Pages
Clearing house associations: (Continued)
Oklahoma City Clearing House Associaticn, furnishing forms
of bank money orders,Ilestion of violation
of Regulation Q as payment of interest,
left to discretion of FRBank of Kansas City
Commercial "est, reply to criticism of Board's position re
Regulation Q, sent to•
Commissioner of Internal Revenue:
Excise taxes, payment by FRBanks for communication
services, transportation, etc.
(See also Bureau of Internal Revenue)
Committees:
Banking and credit studies, committee to be apointed
to digest questions raised by
Bretton .00ds agreements, legislation for, Messrs. Eccles
and Szymczak appointed to prepare recommendation
Colmer Post-War Planning Committee of the House,
Mr. Sienkiewicz to serve as assistant
to Mr. Folsom on part-time basis
Committee on Collections of FRBanks, check routing symbol
plan, Mr. Smead to attend meeting of, no
objection to Bank Management Commission of
American Bankers Association proceeding with
Committee for Economic Development, preparation of
pamphlet by Mr. Langum, question of payment
Connecticut Bank Credit Agreement, Credit Committee not
in violation of section 8 of Clayton Act
Executive oniaittee of National Association of Supervisors
of State banks, acceptance of luncheon
invitation, letter to Mr. John D. Hospelhorn
re topics for consideration and arrangements
:eeting to be held on April 15, Mr. McKee to attend
for discussion of information re condition
of banks
Federal Open Market:
Absorption of exchange charges, violations by State
member banks in Louisville, discussion at
Federal Open Market Committee meeting,
action delayed pending hearings on BromMaybank bills
Executive committee:
Dr:per, Ernest G., nominated to serve :,ith
Chairman Eccles
Evans, R. M., nominated as second alternate
:,IcKee, John, nominated to serve with Chairman Eccles
timsom, Ronald, nominated as third alternate,
except in absence of Chairman Eccles to
be first alternate
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/19
797
3/15
417
7/18
1122
12/12 1854
11/21 1725
5/22
805
12/29 1957
2/11
212
10/10
1550
3/24
476
4/14
576
5/5
713
2/15
2/15
2/15
247
247
247
2/15
247
52
Pages
Committees: (Continued)
Federal Open Market: (Continued)
Executive committee: (Continued)
S. 1892, bill to require U. S. obligations
oned by banks, etc., to have par value,
report not to be made at present,
recommendation to Board
Szymczak, M. S., nominated as first alternate
Meeting to be held on February 29 and March 1
Meeting, tentatively scheduled for December 11
Meeting to be held on December 11, 1944
Members:
Alternates:
Gidney, Ray M., as alternate for hr. Young
Leedy, H. G., ballot cast as alternate
by FRBank of Minneapolis
Peyton, J. N., ballot cast by FRBank of Minneapolis
Policy record, draft of entries for 1943 sent
to representative members for comments
and suggestions
Revised draft of entries for 1943,
to be submitted to Board
Draft of entries for 1943, approved
FRBulletin, editorial staff committee, recommendation
of Mr. Evans discussed
Recommendation of Mr. Evans approved
House Banking and Currency:
Absorption of exchange and collection charges,
hearings before, statement by Messrs.
Hansom and McKee, at meeting of
executive committee of FAC with Board
hearings on Regulation q to be continued and
H. R. 3956 to be considered by
Hearing on bill authorizing addition to funds available
for loans by Smaller Var Plants Corporation
Section 5219 of aevised Statutes, revision as
to State taxation of national banks
Statement re V and VT loans sent to Iessrs. Gamble
and Spence and members of Committee, in
connection with H. R. 4804
House Committee on Postwar Economic Policy and Planning, report by, Board to cooperate in preparation of
Industrial advisory:
FRBank of Atlanta:
';)., appointment for term of one year
French,
Lockett, A. M., appointment for term of one year
Milner, I. C., appointment for term of one year
sanford, John E. appointment for term of one year
Unship, George, appointment for term of one year
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/29
2/15
1/19
10/ 5
1159
247
102
1522
10/12 1560
9/11 1357
1/26
1/26
139
139
1/19
103
2/22
3/23
473
280
2/22
3/ 9
287
1/5
16
1/19
100
386
11/24 1738
9/ 2 1315
9/ 2 1314
6/19
990
3/ 9
3/9
3/9
:3/9
3/9
393
393
393
393
393
53
Pages
Committees: (Continued)
Industrial Advisory: (Continued)
FRBank of Boston:
Carter, Winthrop L., reappointment for term
of one year
Dennett, Carl P., reappointment for term of
one year
Draper, Paul A., reappointment for term of one year
Graham, Edward .L1., reappointment for term of
one year
Thompson, Ralph E., reappointment for term of
one year
FRBank of Chicago:
Epstein, Max, reappointment approved
Harnischfeger, Walter, reappointment approved
Kennelly, Martin H., reappointment approved
Kerwin, Edward LI., reappointment approved
Moxley, G. Barret, reappointment approved
FRBank of Cleveland:
Hood, C. F., appointment for term of one year
approved
',adds, H. P., appointment for term of one year
approved
Neff, H. R., appointment for term of one year
approved
Swander, D. C., appointment for term of one
year approved
'hithington, u. 1h., appointment for term of
one year approved
FRBank of Dallas:
Hamon, Jake L., appointment for term of one year
Loore, Charles R., appointment for term of one yer
Moore, Ira T., appointment for term of one year
Pollock, Lawrence S., appointment for term of
one year
Simmons, E. P., appointment for term of one year
FRBank of Kansas City:
Dempster, Harry L., appointment for one-year term
Forrester, D. Bruce, appointment for one-year term
Gray, R. L., appointment for one-year term
McNally, Thomas, appointment for one-year term
Thompson, Mason L., appointment for one-year term
FRBank of Minneapolis:
Bush, John M., appointment for term of one year
Follett, C. 0., appointment for term of one year
killer, Albert L., appointment for term of one year
i';ood, Sheldon V., appointment for term of one year
FRBank of New York:
Appointment of neu member to fill vacancy caused
by death of Mr. Beach in May 1941, not
advisable at this time
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/ 1
154
2/ 1
2/ 1
154
154
2/ 1
154
,/ 1
154
1/14
1/14
1/14
1/14
1/14
84
84
84
84
34
3/ 2
555
3/ 2
355
3/ 2
355
3/ 2
355
3/ 2
355
2/16
2/16
2/16
254
254
254
2/16
2/16
254
254
1/20
1/20
1/20
1/20
1/20
106
106
106
106
106
1/26
1/26
1/26
1/26
139
139
139
139
2/10
188
54
Pages
Committees: (Continued)
Industrial Advisory: (Continued)
FRBank of New York: (Continued)
Nelson, Arthur G., appointment approved
Noble, Edward J., appointment approved
Pouch, Vi1liam H., appointment approved
Reynolds, Francis B., appointment approved
FRBank of Philadelphia:
McDade, John T., appointment for term of one year
Mechling, B. F., appointment for term of one year
Powlison, Keith, appointment for term of one year
Schultz, Daniel H., appointment for term of one year
Skinner, James M., appointment for term of one year
FRBank of Richmond:
Dennis, Overton D., appointment for term of one year
Gorman, Douglas, appointment for term of one year
Holtzclaw, J. G., appointment for term of one year
Ianning, i11iam L., appointment for term of one year
Stuart, alker D., appointment for term of one year
FRBank of St. Louis:
Finch, M. E., appointment for one-year term
Heuser, G. A., appointment for one-year term
Norris, William K., appointment for one-year term
Van Dyke, Jacob, appointment for one-year term
Weil, Maurice, appointment for one-year term
FRBank of San Francisco:
Baker, Wakefield, appointment for term of one year
Crandall, Shannon, appointment for term of one year
Hayes, Edmund, appointment for term of one year
Nichols, Henry D., appointment for term of one year
Starr, Walter A., appointment for term of one year
Insurance:
Manager for committee in connection with loss-sharing
agreement, no objection to employment of
Share, Mail and Ex-oress Losses, report presented at
meeting of Presidents with Board, discussion
of vote of Presidents
Inter-agency committee (International Financial Organizations Board), discussion of representation
included in Treasury draft
Joint Committee on Salaries and Wages:
BaLtimore Branch, increases in maximum annual salaries
Increases in annual salaries
Increases in maximum annual salaries for
three positions
Charlotte Branch, increases in maximum annual salaries
Increases in annual salaries
Detroit Branch, increases for four officers
FRBank of Atlanta, increases in maximum annual salaries
FRBank of Boston, increase in maximum annual
salaries for twenty positions
Increase in maximum annual salary
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/10
2/10
2/10
2/10
188
188
188
188
2
2
2
2
2
355
355
355
355
355
2/17
2/17
2/17
2/17
2/17
259
259
259
259
259
1/22
1/22
1/22
1/22
1/22
113
113
L13
113
113
2/16
2/16
2/16
2/16
2/16
255
255
255
255
255
3/
3/
3/
3/
3/
9/22 1431
2/29
322
12/ 7 1816
1/17
5/29
91
844
12/19 1912
830
5/25
5/29
844
3/21
444
883
6/ 5
2/12
220
6/24 1017
55
Pages
Committees: (Continued)
Joint Committee on Salaries and Wages: (Continued)
MBank of Chicago, increases in maximum annual salaries
for three positions in Research and Statistics
Department
Increases in maximum annual salaries for 13
positions
Increases in maximum annual salaries
Increase in maximum annual salary
Increase in maximum annual salary for Chief,
Personnel Department
FRBank of Cleveland, increase in maximum annual
salary of Currency Sorter approved
Increases in maximum annual salaries
Increases in maximum annual salaries
FRBank of Kansas City, increases in maximum
annual salaries
Increases in maximum annual salaries
FRBank of Minneapolis, salary increases for
Messrs. Mills, McConnell, and Core
FRBank of New York, increases in maximum annual
salaries for 18 positions
Increase in maximum annual salary for Assistant
Chief, Check Department, Transit Division
Increase in maximum annual salary
FRBank of Philadelphia, increases in maximum
annual salaries
Increases in maximum annual salaries for
two positions
FRBank of Richmond, increases in maximum
annual salaries
Increases in maximum annual salaries
Payment of overtime for cafeteria employees
Increases in annual salaries of officers
Increases in maximum annual salaries
FRBank of St. bouis, increases in maximum
annual salaries
Increases in maximum annual salaries
Salary for Mr. Jerome Gales
Two salary increases
FRBank of San Francisco, revised certificates for
increases in maximum annual salaries
approved and forwarded to
Little Rock Branch, increase in annual salary
of Clifford Wood
1,ouisvil1e Branch, increase in maximum salary
for position
Increase in maximum annual salary for Head
of Fiscal Agency Department
Oklahoma City Branch, salary in excess of maximum
for position of Engineer and Building
oupervisor
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/ 4
8
2/16
254
537
4/ 5
6/28 1037
10/13 1565
2/12
4/15
9/2:0
220
591
1426
2/17
4/17
261
4/21
638
2/15
248
596
7/18 1120
9/20 1425
2/17
259
7/24
1136
1/17
4/10
91
560
695
5/2
5/29 844
8/ 3 1195
737
949
9/ 9 1353
5/10
6/10
12/20 1915
10/12 1558
6/1
865
2/12
221
6/12
954
7/25
1142
56
Pages
Committees: (Continued)
Joint Committee on Salaries and Wages: (Continued)
Omaha Branch, increase in annual salary of
Mr. 0. P. Cordill, Cashier
Overtime payments, problems to be considered by Yr.
Leonard and Legal Division, possibility
of committee being appointed for
Discussion at meeting of Presidents Conference
with Board, to be appointed to advise
with Messrs. 1,eonard and Dreibeibis re
problem
Advice re selection of committee requested,
letter to Mr. Day
Personnel Committee of Board:
Authorized to approve payment of vouchers for
expenses in excess of reimbursement by
Treasury or State Department for staff
members at international conferences
Bank of America N. T. & S. A., agreement to letter
re participation in election of Class B
director at FRBank of San Francisco
Employees of Board with 25 years or more of service,
matter of recognition to be reviewed by
and recommendation for resolution to be made
I4embers:
1,vans, R. M., appointed for 1944
Ransom, Ronald, appointed for 1944
of board of directors of FRBank of
committee
Personnel
Cleveland, meeting with Board, discussion
of selection of president as successor to
Mr. Fleming
President's Committee on Fair Employment Practice of the
Office for Emergency Management, report on
negro employment sent to
Presidents' Conference:
Association of members of Board's staff with, matter
to be discussed by Messrs. Eccles and Evans
with Mr. Goldenweiser
Currency Hoarding, reduction in orders for printing
FRnotes, matter to be discussed with Treasury
Free Services and Reimbursable Expenses, vouchers
for fiscal agency expenses, simplified
procedure prepared by
Job Classification in Research Departments of FRBanks,
adoption of title "Research Department"
recommended by, advice to FRBanks
Operations, revised loss—sharing agreement approved,
copies to be executed by FRBanks, advice
to Mr. Leach
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/24 1017
9/22 1431
9/22 1441
10/ii
1556
6/10
947
10/25
1617
3/21
448
2/15
2/15
247
247
6/ 8
933
4/ 3
523
9/19
1.420
9/19 1413
2/11
213
12/21 1919
11/30
1757
57
Pages
(fommittees: (Continued)
Presidents' Conference: (continued)
Personnel Selection arid Training, conference of
directors of personnel of FaBanks to be
held in New York, 1:Ar. Leonard to attend
Research and Statistics, Liuestion of Uessrs. Goldenweiser and Thomas being associated with
Research Committee, submission of recommendations
of System Research Advisory Committee,
change in proposal to be submitted to
Presidents' Conference
To confer with Board representatives re
research policy and program
Procedure to be followed re recwimandLtions
of System Research Advisory Committee,
change agreed upon, Presidents to be
notified
Small committee to meet on June 6 to discuss plans
for proposed monetary fund and Bank, to
be named by Mr. Day
Special Committee on Simplification of Functional
and Operating Reports, changes recommended
by, copies of Form E and instruct ions as
revised to be sent to FRBanks
Research activities, problem of creation for supervision of,
to be discussed at Presidents' Conference
Board's conclusions rc to be stated by Chairman
Eccles at Presidents' Conference
Need for supervision by committee under chairmanship
of Br. Goldenweiser, to be discussed at
Presidents' Conference
Research, Planning, and Public Relations Committee of
FEBank of Atlanta, composed of Messrs.
'doll, Glenn, and Porter, to meet with
Board on July 17
n to Southern Research Institute,
contributio
Proposed
matter presented to Board
Retirument system, executive committee of board of trusees,
report by Mr. Szymczak of matters considered
at meeting of
Report recommending modification in benefits to
improve personnel at FHBant,s, presented
at meeting of Presidents with Board
Senate:
Banking and Currency, reply to statements by Mr. Fahey
on 6-756, 6-757, and 5-1034
,alitary Affairs Committee, records re Narragansett
Machine Company of PaAucket, R. I., in
connection with nominations of ::Ar. Burley
and Lt. Colonel Helier for Surplus Pror,erty
Board to be made available to
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/ 9
1668
9/19
1420
9/22 1431
9/22
1444
12/18
1901
5/31
861
2/28
315
2/11
203
2/22
284
2/26
306
6/13
960
7/17
1109
/26
306
2/29
321
12/18
1887
12/ 8 1823
58
Pages
Committees: (Continued)
Senate:
Smell Business Committee, to study problems of American
small business, reply to Senator Murray on
reconversion loan financing to be drafted
Letter to Senator Murray to be revised,
matter referred to War Loans Committee
Special committee on banking and credit policy, studies
prepared by, copies sent to Board for
reading before Federal Open Market
Committee meeting
Special committee re study of financial needs of
industry, recommendation re Robert
Morris Associates, approved
Special Committee to Investigate Executive Agencies,
H. R., information re attorneys, economists,
and analysts employed by Board sent to
Honorable Howard W. Smith, Chairman
Subcommittee on Interim Financing, revised draft of
Statement of Policy on Termination
Financing, transmitted to Joint Contract
Termination Board for consideration,
copies sent to FRBanks
Subcommittee of Joint Contract Termination Board,
meeting of members and Mr. Hancock with
representative bankers to discuss statement
of policy on contract termination financing
System Research Advisory Committee, report of Committee
on Research and Statistics presented to
Board, matter to be referred to Mr. Williams
to work out with Dr. Goldenweiser
New committee and order of rotation of membership,
approved
Plan of rotation of membership, sent to FRBanks
Southern Research Institute, participation of FRBank
of Atlanta in financing, matter referred to
Report re, participation of FRBank of
Atlanta in financing not approved
Submission of recommendations to Board and Research
Committee of Presidents' Conference, change
in proposal to be submitted to Presidents'
Conference
Recommendations, procedure to be followed, change
agreed upon, Presidents to be notified
War Loans:
Authorized to administer Federal Reserve activities
pursuant to Contract Settlement Act of 1944
Loans for small business, letter to Senator Murray
to be revised, matter referred to
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/24
1737
12/ 7
1815
11/24
1739
3/ 9
387
9/23
1482
2/12
221
1/13
73-6
2/29
323
3/ 9
3/21
460
7/28
1154
10/17
1578
9/22
1431
12/18
1901
9/ 6
1327
334
12/ 7 1815
59
PLEes
Coamittees: (Continued)
-ar Loans: (Continued)
Members:
,7/15
McKee, John, resignation of
terminated
To attend meeting re financing of
1/13
war contracts, etc., on January 17
approved
5/ 9
Revised organization chart
Commodity Credit Corporation:
FRBanks to act directly as fiscal agents for, letter
6/27
to FRBanks re revised procedure desired
FRBanks,
by
rediscount
Notes, eligibility for
5/29
letter to Mr. Hitt
under
borrowings
for
collateral
Eligible as
section 13 of FRAct and entitled to
11/24
discount rate
Comptroller of the Currency:
Absorption of exchange charges, enforcement of ruling re,
5/ 5
conferences to be held to insure cooperation of
Branch banks, dormant permits, list available for establishment of branches of Bank of America
N. T. & S. A., Transamerica national banks,
and other Twelfth District national banks
9/22
requested from
Condition of banks, information requested by large corporate
depositors, to be discussed with representatives 3/21
Condition reports of national banks:
'/3
Call as of December 31, 1943
4/15
Call made as of April 13, 1944
7/ 3
Call as of June 30
9/19
Fall call not to be made, advice to FRBanks
First Trust and Savings Bank of Pasadena, California,
application for establishment of branch
9/26
in City of Alhambra, California, declined
General aegulation No. 1 of Office of Contract Settlement,
form of T-loan Guarantee agreement, compliance with term "unconditional", advice
8/29
requested
adjustments
facilitate
to
amendments
Guarantee agreement,
under sections 5 and 6, opinion as to
whether amended form is "uneonditiondl"
5/22
requested of
Advice requested re compliance with term "unconditional" in Exception 10 to secti:n 5200
9/12
of Revised Statutes
9/27
Letter to FRBanks
Hearing to determine removal of Messrs. Agnew and Fayerweather from office as directors of Paterson
National Bank, copy of order sent and advice
8/ 9
that hearing is to be held on October 2
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
247
76
59:
1033
347
1744
713
1435
451
3
589
1059
1421
1490
1293
812
1362
1497
1222
60
Pages
Comptroller of the Currency: (Continued)
Hearing to determine removal of Messrs. Agnes'; and Fayerweather:
(Continued)
Failure to present evidence for, Mr. Dreibelbis
11/14 1683
to confer again with Mr. Upham
Arrangement for hearing approved, Mr. Dreibelbis
11/17 1706
to attend, case to be expedited
authorizing
International Banking Corporation, order
9/ 7 130
establishment of branch in Paris, France
be
at
valued
to
Investments in Series G Savings Bonds,
1/ 3
4
par in reports of examination
1933,
16,
June
to
made
prior
Loans to executive officers
procedure re classification, information
8/12 1237
sent to
no
ashington,
Tacoma,
INashington,
of
National Bank
objection to action of shareholders re
263
2/17
stock, letter to Mr. Upham
York:
New
of
Bank
City
National
Branches in Dhahran and Ras Tanura, Kingdom of
Saudi-Arabi,, application for establish7/ 3 1062
ment of, advice requested in letter to
Cairo and Alexandria, Egypt, order authorizing
9/23 1478
establishment of branches
Calcutta, India, order authorizing establishment
9/ 7 1338
of branch
Porto Alegre, Brazil, application for permission to
148
1/29
establish additional branch in, letter re
T-Loan Guarantee Agreement, compliance with Exception 10
to section 5200 of U. S. Revised Statutes
and with term "unconditional", copy of
9/ 8 1350
letter sent to FRBanks
eligibility
Virginian Corporation Collateral Trust Notes,
for purchase by member banks under section
850
5/30
5136 of Revised Statutes, ruling re.__uested
Condition of banks:
Information re, statement concerning legislation for, to be
prepared for annual report and submitted to
513
3/1
Board
Statement for annual report discussed, to be revised
563
4/11
and resubmitted to Board
Mr. McKee to attend meeting of Executive Committee
of National Association of Supervisors
576
4/14
of State Banks for discussion of
Draft of revised statement for annual report,
Mr. McKee to present at meeting of executive
committee of National Association of Supervisors of State Banks, matter to be considered
581
4/14
later by Board
included
be
not
to
statement
Information to large depositors,
in annual report, article to be published in
632
4/21
FRBulletin
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
61
Pages
Condition of banks: (Continued)
.,Tuestionnaires, submission by certain corporate depositors
to depositary banks for information re,
141r. McKee and staff to consult with Comptroller of the Currency and Federal Deposit
Insurance Corporation on correction of practice
Condition reports:
Auburn Ice & Coal Company, Inc., affiliate of Bank of
Auburn, Alabama, publication of reports as
of past call dates not required
Connecticut State member banks, no objection to
joint publication of
FRBanks, weekly statement, changes in approved
No change in release date at present
Form FR 105, revision approved
Revision for end-of-yer.r call approved
Loan commitments, reporting in contingent liability
schedule, no change in instructions,
letter to FRBanks
Member banks, size groups, reply to Mr. Paton, American
Bankers Association, enclosing report form
Dember banks weekly statement in central reserve cities,
release, question of change in time for
New York City and Chicago banks, to be
determined later
Member banks in leading cities, release, change in time of
National banks:
Call as of December 31, 1943
Call made as of April 13
Call made as of June 30
Fall call not to be made
Reports as of December 31, 1943, to be made available to
Federal Deposit Insurance Corporation for
tabulation of data for use in study by
Bureau of Agricultural Economics
State member banks:
Call as of December 31, 1943
Call report for spring, forms and instructions
transmitted to FRBanks
Call made as of April 13, 1944
Midyear call, forms and instructions sent to FRBanks for
Call made as of June 30
Fall call not to be made, advice to FRBanks
Louisiana, joint publication in, no objection to
United States savings bonds, procedure for reporting
redeemed bonds, instructions sent to FRBanks
United States Trust Company, Boston, Massachusetts,
report of affiliate, New Scollay Building
Trust, if published, copy requested on
Form FR 220
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/21
451
8/22 1276
11/ 6 1661
183
L/ 8
802
5/20
311
2/26
10/25 1622
4/25
665
7/24 1137
5/20
5/20
802
802
3
1/ 3
589
4/15
7/ 3 1059
9/19 1421
2/25
334
1/ 3
3
2/26
311
589
4/15
5/30
852
7/ 3 1059
9/19 1421
5/ 5
719
9/30 1506
9/13 1364
62
Pages
Condition reports: (Continued)
eekly reporting member banks:
Bank of America N. T. St S. A., resumption of reporting
Wednesday figures, notification of change in
time of release
Conferences:
Allied and Associated Nations, question of calling conference for discussion of stabilization fund
Auditor., arrangements for stenographic record to be made
by Hart, Dice and Harkins, approved
Yieeting to be held in Washington, April 17-19,
topics to be submitted to Mr. Paulger
Central bank, proposed by Banco de Mexico, Board to
cooperate if no objection by State Department
Central Banking Program for Republic of Paraguay,
Tar. HPmmond to represent Board, letter
to Mr. Hanson
Chairmen:
Creighton, Albert U., Chairman, present at Board
meeting to discuss vies on international
fund and bank, prior to conference at
Bretton hoods, statement re
be arranged for May 10, payment of
to
Dinner
cost approved
Executive committee, duties and responsibilities of
directors of FRBanks, revised statement
sent to FRBanks with instructions for
distribution to directors
Meeting, date and program for next to be discussed
by Mr. Szymczak with Mr. Brainard
Leeting to be held on May 10 and 11, tentative
agenda for, reviewed by Mr. Szymczak
Relationship with Board, discussion of functions,
etc., at meeting of Presidents with Board
Responsibilities of directors of FRBanks, statement
and chart to be submitted to Chairmen and
executive committee of
Revised statement, to be submitted to executive
committee, copies sent to Mr. Brainard
Revised statement, objecti_ns of FRBank of New
York to procedure, to be discussed at
.meeting with Board
Stenographic record to be made of meeting on May 10
and 11, payment of cost approved
held on January 17 and 18 at
termination,
Contract
building of Board of Governors
FRBank of Cleveland, personnel problems to be discussed
by directors with Board on June 8 or 15
International monetary and financial:
United and Associated Nations, ministers of finance,
question of Board's representation on
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/20
304
4/18
600
3/.3D
C-‘)8
2/18
268
10/20 1601
4/11
565
6/6
885
5/1
694
4/25
661
1/13
70
4/18
603
3/ 1
335-9
1/5
14
1/22
116
5/ 5
713
5/11
694
2,/ 7
176
5/22
808
4/14
586
63
Pages
Conferences: (Continued)
International monetary and financial: (Continued)
Allied and Associated Nations, question of calling
for discussion of stabilization fund
Question of holding to consider statement of
principles re stabilization
Question of holding meeting and of Board's
representation discussed
Bretton Woods, N. d., to begin July 1, discussion of
Discussion of plans for meeting
Discussion by Board and representatives of System
of plans and views re, prior to
FRBank personnel, attendance of, policy and procedure
re to be worked out by Messrs. Ransom and
Szymczak
Staff of Board to participate in, discussion of
FRBank personnel attendance, list of men desired
by Treasury
FRSystem representation, discussion of
Delegation members, no alternates to
Szymczak, M. S., payment of voucher for expenses
in excess of reimbursement
S., payment of voucher for expenses
M.
Eccles,
in excess of reimbursement
.21oldenweiser, E. A., payment of voucher for
expenses in excess of reimbursement
Monetary fund, memo of Mr. Goldenweiser in answer to
criticisms by Senator Taft, sent to FRBanks
Personnel directors of FRBanks, to be held in New York,
Mr. Leonard to attend
Presidents:
Agenda on banking and credit policy for joint
meeting with Board
Appley, Mr. Lawrence A., suggestion that Presidents
plan to hear ideas on executive development,
when in Washington
Banking and Credit Policy, papers to be discussed at
meeting with Board, procedure referred to
Messrs. Eccles, Evans, and Goldenweiser
Discussion at special meeting with Board
Bretton Woods Agreement, public statements of System
representatives re, statement of Chairman
Eccles approved for presentation to
Policy on public statements, memo to be presented
by Chairman Eccles at meeting with Board
Building facilities of Reserve Bank Branches,
legislation re expansion of, discussion
at meeting with Board
Building of Board, taxation of, disclaimer, document
to be promptly executed by FRBanks, discussion at meeting with Board
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/18
600
4/21
635
733
5/ 9
853-62
5/31
6/ 2
374
6/6
885
6/6
6/10
915
943
6/10
6/19
6/19
945
931
937
7/24
1138
7/26
1146
7/27 1149
7/29
1166
11/ 9 1668
12/12
1856
3/1
343
12/ 8
12/12
1823
1852
9/19 1415
9/22
1.432
12/11 1843
2/29
325
64
Pages
Conferences: (Continued)
Presidents: (Continued)
Commitment fees on loans under section 13b of FRAct,
no objection to reduction for conformity
9/22
with Regulation V
to
Modification of rates, recommendation
9/22
Board satisfactory
conCommittee on Personnel Selection and Training,
ference of directors of personnel of FRBanks
11/ 9
to be held in New York, Mr. Leonard to attend
of
members
of
t
Committees, question of appointmen
Board's staff on, to be discussed by
9/19
Messrs. Eccles and Evans with Mr. Goldenweiser
program
bonds,
savings
war
of
Defrauding of holders
2/15
to prevent, question to be discussed at
re,
studies
Policy,
Investment
Bank
Deposits and
report of Research Committee presented
3/1
to Board at meeting with Presidents
ty
availabili
1/2%,
of
rate
discount
al
Differenti
to nonmember benks, question raised at
3/1
joint meeting with Board
Directors of FRBanks, viewpoints and interests of
various classes, mentioned in connection
3/1
with Brom Bill, at meeting tith Board
Examination by GAO of records at FRBanks re reimbursement vouchers for fiscal agency
2/11
operations, to be discussed at
Fir Labor Standards Act in relation to Reserve Banks,
statement re, Board to give prompt considera12/11
tion to question of ruling
12
/29
FRBanks
Letter to Mr. Day on applicability to
Sproul
and
Eccles
FOMC meetings, attendance, Messrs.
to work out plan for future meetings, dis3/1
cussion at meeting with Board
loans,
industrial
re
amendment
FilAct, section 13b,
5/ 5
informal discussion of at meeting in Chicago
n,
examinatio
GAO
at
FRBanks,
operations
Fiscal agency
not necessary, studies to be carried on by
2/26
Board
be
to
re
policy
for,
FRBanks
of
es
expenditur
Gifts,
2/11
discussed at next meeting in Viashington
Expenditures for retiring directors, etc.,
2/26
Question to be discussed at
Government bonds, educational program to prevent
unnecessL,ry cashing, discussion of procedure
12/11
at meeting with Board
Francisco
Hawaiian overprinted notes of FRBank of San
for use in Central Pacific area, question of
further production to be discussed at meeting of 5/6
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1432
1452
1668
1420
245
333
339
344
213
1848
1954
346
710
307
210
307
1849
723
65
Pages
Conferences: (Continued)
Presidents: (Continued)
H. R. 1318, that costs of one examination of national
banks by Comptroller of the Currency be borne
by FDIC, request for consideration by Presidents 2/29
Insurance, Share, Mail and Express Losses, report of
Insurance Committee presented at meeting with
2/29
Board, discussion of vote of Presidents re
System progrnm to be put into effect by specified
period, or Board to disapprove further ply3/ 1
merits of premiums
Manager for committee in connection with losssharing agreement, no objection to employment of 9/22
Discussion of Committee report and employment
9/22
of manager
Effective date of January 1, 1945 approved,
arrangement for employment of mrnager to be
10/11
submitted to Board, letter to Mr. Day re
for
Bank
snd
Fund
International Finance - Monetary
Reconstruction and Development, discussion
9/22
of public statement at meeting with Board
Reserve
of
Departments
Research
Job classification in
Banks, simplification of procedure and
adoption of title "Research Department"
approved in recommendation, discussion at
12/11
meeting with Board
furnishing
as
to
Presidents
to
advice
Legislation,
copies of proposed to, statement of Chairman
3/ 1
Eccles
Legislation to finnnce business in postwar period,
statement to be presented by Chairman
9/22
Eccles at meeting with Board
Legislation on Bretton Woods azreements not to be
12/ 8
discussed with
of
Manpower problem of member banks, discussion
3/ 1
at joint meeting with Board
to
Board
Matters acted upon in separate conference,
2/26
consider and advise Presidents of conclusions
discussion
Meeting to be held at FRBsnk of Cleveland,
of advisability of meeting in Washington,
1/19
but no decision reached
2/29
Meeting in Cleveland
2/29
Meetings with Board
9/22
12/11
Meeting special, to discuss papers on
12/12
banking and credit policy
Washington,
outside
held
being
of
y
desirabilit
Meetings,
2/15
to be discussed at next meeting of
2/22
To be discussed at meeting in Clevelsnd
3/ 1
Discussion at meeting withlosrd
Meetings of Conference and meetins with Board,
to be spaced to give time for adequate
3/ 1
consideration c) problems
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
330
322
346
1431
1438
1555
1465
1844
341-3
1432
1324
334
308
1C2
320
320
1437
1338
1852
244
284
346
347
66
Pages
Conferences: (Continued)
Presidents: (Continued)
Modification of Section 13b, discussion of location
of Funa, etc., at meeting of Presidents'
Conference with Board
"Notes on Topics for Joint Meeting of the Board of
Governors and Presidents' Conference",
memo of LT.. Sienkiewicz, discussed
Copy of statement
Objectives of Postwar Monetary Policy, Board and
Presidents to meet after next meeting of
FOmu for discussion of monographs
Overtime payments, FRBanks, problems to be
considered at next meeting of
Problems to be considered by Mr. Leonard
and Legal Divislon, possibility of
appointing committee for
Committee to be appointed to advise with
Messrs. Leonard and Dreibelbis re problem
Committee to be appointed for, advice requested,
letter to Mr. Day
Personnel selection and training, discussion of
problem re higher grades
Postwar economic program, progress re, procedure
for discussion of papers
Postwar monetary policy, procedure for discussion
of papers
Promotional activities, discussion of distribution
of material to banks in connection with
G. I. Bill of Rights, matters to be re—
ferred to Board, as in case of Veterans
Administration
Public statements by System representatives re
Bretton roods Agreement, discussion of
policy in connection with agenda for
next meeting of
Publications of research personnel, recommendation re,
advice of action of Presidents to be received
at
Regulation Q, enforcement in event of defeat of
Brown—Maybank Bill, discussion at meeting
with Board
Relationships of Board with Presidents and Chairmen
of Banks, discussion of functions of groups,
at joint meeting with Board
Research activities, committee for supervision of,
problem to be discussed at
Board's conclusions to be stated by Chairman
Eccles at next meeting
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/22
1453
9/22 1430
9/22 1437
1470
9/22
1452
9/ S
1350
9/22 1431
9/22 1441
10/11
1556
9/2 1439
10/ 5 1522
10/12 1560
12/11
1840
9/15
1380
2/26
307
1241 1245
V 1
335-9
2/11
203
2/22
284
67
Pages
Conferences: (Continued)
Presidents: (Continued)
Research activities: (Continued)
To be discussed at meeting in V,ashington
Report of Committee on Research and Statistics
presented to Board, matter to be referred
to Mr. Williams to work out with Dr. Goldenweiser
Research personnel, recommendation re policy concerning public statements and activities
by, copy sent
Research policy and program, discussion of procedure,
Research Committee to confer with Board
representatives
Research studies at FRBanks, question of payent
for work, to be placed on agenda for
Reserve ratios of FRBanks, no further discussion
at meeting with Board
Responsibilities and relations of Board and FRBanks,
discussion of at joint meeting with Board
Retirement system, modification in benefits to
improve personnel at FRBanks, recommendations of Retirement Committee, presented
at meeting vvith Board
Revision of Regulation J and Check Collection Circulars,
no change to be made at present
Recommendation that no change be made at
present approved, letter to Mr. Day
Small business, legislation for, discussion of Mead
proposals and suggestions of Board to Mr.
Byrnes, at meeting with Board
Study of financial needs of industry, cooperative
arrangement with Robert Morris Associates,
discussion at meeting with Board
bystem Research Advisory Committee, submission of
recommendations to Board and Research
Committee of Presidents' Conference,
change in proposal to be submitted to
Presidents' Conference
Taxation of Board's building, disclaimer to be
executed by FRBanks, matter to be put on
program for next meeting of
Docui,ent to be promptly executed by FRBanks
Topics for discussion:
bsorption of exchange and collection charges,
to be discussed before joint meeting “ith
Board
Banking quarters for branches, legislation
amending section 10 of FRAct, to be
discussed at next meeting
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/26
306
2/29
328
2/11
201
9/22 1444
2/11
212
9/22 1452
3/ 1
344-6
2/29
321
9/22 1439
10/12 1559
2/29
326
3/1
331
9/22 1431
1/6
2/29
33
325
11/11
1675
11/20 1722
68
Pages
Conferences: (Continued)
Presidents: (Continued)
Topics for discussion: (Continued)
Florida National Bank at Ocala, Florida, loan
from FftBank of Atlanta for purchase of
Government securities, matter to be discussed at next meeting of
Meetings outside of ashington to be discussed
at next meeting
Travel expense allowance for examiners of FRBanks,
question to be discussed
Treasury financing, no further discussion at
meeting with Board
Desirability of uniform program of policing
subscriptions, meeting of Presidents
with representatives of Treasury and
Board proposed to discuss
Aar savings bonds, program to prevent defrauding
of bondholders, question to be discussed at
Stabilization fund, meeting at Treasury, statement of
principles to be released to press,
statement of Chairman Eccles
System, meeting place, suggestion that all be held
in Washington
Termination loans, policies and procedures, to be discussed, FRBanks advised and names of
representatives re.juested
To be held on August 21, one representative from
each bank, telegram to FRBanks of St. Louis
and Minneapolis requesting names
Stenographic transcript, increase in budget of
Board to cover cost approved
Letter to Director of Contract Settlement advising
of agenda for and requesting names of
representatives, copy and similar letters
sent to the Services
United and Associated Nations, ministers of finance,
question of Board's representation on
viar loans, record of meetings on August 21-22, copy
sent to FRBanks, the Services, and
Mr. Hinckley
Suggested for discussion with the Services in connection with present and future policies
Congress:
Reports to, advice that Board does not desire to discontinue those required by law at present
report re transactions handled through
Tom.,
Connally, Honorable
FRBank of New York in connection with operations of Anderson Clayton and Company, sent to
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/ 3 1657
2/15
244
2/26
308
9/22 1453
12/11
1839
2/26
308
4/18
600
1/13
70
8/ 8 1217
8/ 9
1222
8/10
1227
8/12 1236
4/14
586
8/30
1296
2/10
192
5/ 8
729
12/16
1883
69
Pages
Connecticut:
Chattel mortgages, validity of, proceedings before Referee
in Bankruptcy, advice re decision requested
Condition reports of State member banks, conditions
for joint publication of
Connecticut Bank Credit Agreement:
Credit Committee, not in violation of section 8
of Clayton ixt
Consolidations:
Central Trust Company, Rochester, N. Y., establishment of
branch in Ulliamson, New York, in connection
with merger with State Bank of Vdlliamson,
New York, approved
City Bank, First National Bank, and Bank of nopkinsville,
consolidated under name of First-City Bank
& Trust Company, Hopkinsville, Kentucky
Clifton Trust Company, Clifton, New Jersey, application
for membership approved, subject to disposal
of stock held in First National Bank of
Clifton or consolidation with, and certain
other conditions
Ecorse Savings Bank, Ecorse, Michigan, and State Savings
Bank of Lincoln Park, Michigan, consolidation under title of 1ayne County Bank
Equitable Trust Company, Mimington, Delaware, purchase
of assets and assumption of liabilities
of Almington Morris Plan Bank, vilmington,
Delaware, approved
Farmers State Bank, Ransom, Kansas, possible consolidation
with competitor State bank desirable
Fidelity and Columbia Trust Company, Louisville, Kentucky
absorption of Citizens Union National Bank
in connection with application for membership in FRSystem
First National Bank of Pleasantville, New York, desire to
surrender fiduciary powers after absorption
by County Trust Company of '6hite Plains,
New York, letter to Comptroller of the
Currency re procedure
Arst Trust and Savings bank of Pasadena, California,
purchase of assets and assumption of
deposit liabilities of First National
Bank of Lamanda Park, California
Lincoln-Alliance Bank and Trust Company, Rochester,
New York, establishment of branch in
Geneva, New York, in connection with
merger with Geneva Trust Company at Geneva
National Bank of vestfieid, New York, surrender of fiduciary
powers after absorption by Union Trust Company
of Jamestown, New York, letters to FJ1C and
Comptroller of the Currency re procedure for
examination
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/26
1630
11/ 6
1661
10/10
1550
5/19
797
4/13
572
1/22
113
4/20
629
5/23
815
5/ 5
715
8/16
1246
5/ 8
727
10/ 9
1546
5/24
818
5/18
790
70
Pages
Consolidations: (Continued)
National Bank of hestfield, New York: (Continued)
Examination to be made by Faank of New York after
application of nonmember bank for membership in FRSystem
Nevada Bank of Commerce, Elko, Nevada, establishment of
branch at Pioche, Nevada, approved upon
merger with Bank of Pioche, Inc., subject
to increase in capital of bank
Newton, Massachusetts, increase in
Company,
Newton Trust
capital, change in name and location, acquisition of assets and assumption of
liabilities of haltham National Bank of
haltham, viassachusetts, continued operation
of branches, and establishment of additional
branch in Newton approved
iiet Salem State Bank and LaCrosse County Bank, nisconsin,
merger under name of Union State Bank of
Inest salem
Consumers Home Equipment Co., consent closing agreements,
acknowledgment of copies received from
FRBank of Chicago
Credit selling practices, reply to letter requesting
answers to two questions re
Establishment of cash price, within section 4(a)(3)
of Aegulation V
Establishment of "cash price" under sections 2(j) and
4(a)(3) of Regulation
Contract Settlement:
Conference on August 21-22 re termination loans, advice
of agenda for and request for names of
representatives
General Regulation No. 1 of Office of, copy of letter
and enclosures re sent to Faanks
Form of T-loan Guarantee Agreement, compliance with
term "unconditional", advice of Comptroller
of the Currency requested
Regulation V, revision adopted vdth approval of Director of
Transmission of proposed regulation to director
for approval authorized
Transmission of proposed regulation to Mr. Hinckley,
Director of
Revision approved by Director of
Termination loans:
Commitment fees under Contract Settlement Act
discussed
"Recommendations as to T-Loan Policy," forms of
Guarantee and Loan Agreements re, and
Explanatory Notes sent to Director of,
advice to the Services
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/26
835
10/11
1555
12/27
1948
2/25
299
1/13
81
2/ 8
179
3/15
420
4/26
667
8/12 1236
8/25
1285
8/29
7/17
1293
1119
8/ 4 1201
8/ 5 1211
8/12 1235
8/18
1265
8/ 8 1216
71
Pages
Contract Settlement: (Continued)
Termination loans: (Continued)
Schedule of fees and maximum interest rate,
letter to Mr. dinckley approved
Schedule of fees and rates approved by Director of
war Loans Committee, authority expanded to include
activities under
..ar Loans Conference, record of meeting of August 21,
COpy sent to Mr. Hinckley
Contributions:
FRBank of Atlanta to Southern Hesearch Institute,
question of propriety of
Participation in financing not approved by Board
Conversions:
American National Bank of Brunswick, Georgia, application
for fiduciary pov,ers granted upon conversion
from Brunswick Bank and Trust Company,
Brunswick, Georgia
Citizens National Bank of Concord, North Carolina, application for fiduciary poers approved upon
conversion from Citizens Bank and Trust
Company, Concord, North Carolina
Commercial National Bank, ithoxville, Tennescee, ap[lication
for fiduciary powers approved upon conversion
from Commercial Bank & Trust Company, Knoxville,
Tennessee
First National Bank, Batesville, Arkansas, application for
fiduciary powers approved upon conversion
from Citizens Bank & Trust Company, Batesville, Arkansas
Merchants National Bank of inona, Minnesota, application
for fiduciary powers approved upon conversion
from Merchants Bank of ,inona, Minnesota
Oak Park National Bank, Oak Park, Illinois, application
for fiduciary powers approved upon conversion from Prairie State Bank, Oak Park,
Illinois
Prairie State Bank, Oak Park, Illinois, into national bank,
The O'Laughlin Company, Chicago, Illinois,
determined not to be holding company affiliate
Correspondence:
FRBank of New York, Foreign Department, mail sent to Board
to be addressed to Secretary's Office
Costa Rica, letter to Mr. Pena on visit of Mr. Triffin to
Council of State Governments, proposals for State legislation
to be included in progrm of
Counsel, FaBanks:
Agne, A. C., FRBank of San Francisco, retirement system
benefits covering prior service approved,
not to be considered precedent for future cases
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/31
9/ 6
1299
9/ 6
1327
8/30
1296
1328
7/17 1109
10/17 1578
4/ 1
519
3,/14
412
4/ 5
539
10/10
1549
6/13
959
11/ 1 1647
11/ 2 1651
573
4/13
7/22 1134
4/20
630
7/29 1163
72
Pages
Counsel, FRBanks: (Continued)
FRBank of Cleveland, payment of special fees approved,
in connection with disclaimer re Board's
building
MacCoy, Brittain, Evans and Lewis, FRBank of Philadelphia,
payment of retainer fee approved
Squire, Sanders and Dempsey, FRBank of Cleveland,
payment of retainer fee approved
Services in connection with disclaimer should
have been covered by retainer fee
Payment of bill for services approved, after review,
but definition of relationship with firm
to be submitted to Board before any further
bill is presented
Relationship beti,een bank and firm, statement re
requested
Stroud, E. B., FRBank of Dallas, payment for legal
services on month to month basis approved
Counsel, General, memoranda of:
Legislation proposed by Board, not required to disclose
to Federal Advisory Council
Counsel, special:
Holt, Robert N., employment by FRBank of Chicago
in tax matter approved
Leachman, Neth: (See Robertson, Leachman, Payne,
Gardere & Lancaster)
Mayer ;.ieyer Austrian & Platt and attorney Robert N. Holt,
employment by FRBank of Chicago as special
counsel in tax matter approved
Rachemann, Sawyer & Brewster, payment of fee for examina—
tion of title to pieces of real estate
purchased by FRBank of Boston
Payne, Gardere & Lancaster, payment
Leachman,
Robertson,
of fees and expenses for legal services
in connection with Transamerica Corporation
approved
changes in form to prevent,
currency,
of
g
Counterfeitin
suggested by Mr. Eccles
Court cases:
Chase National Bank, New York, suit brought by Attorney
General for rendering aid to Axis, advice
to Central Bank of Turkey on
Chattel mortgages in Connecticut, validity of, proceedings
before Referee in Bankruptcy, advice re
decision requested
John Barr v. United States, involving certification by
FRBank of New York of "official" and "free"
rates for pounds sterling, no action to be
taken by Board re brief
Marine Trust Company of Buffalo, reports of examination,
availability for inspection, FRBank of New
York to engage counsel to resist if necessary
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/30 1053
4/29
683
6/20
997
7/29
1161
8/ 4 1200
12/26
1941
9/16
1386
9/15
1375
6/ 5
884
6/ 5
884
3/20
442
6/30 1054
9/19 1414
2/15
249
10/26
1630
12/22 1923
3/21
453
73
Pages
Court cases: (Continued)
Marine Trust Company of Buffalo: (Continued)
Affidavit opposing inspection by Mr. Dana B. Hellings,
to be executed by Chairman Eccles if necessary
Village, California, v. FRBank of
Lakeood
Peoples Bank,
San Francisco, Board of Governors, and
Henry F. Grady, FRAgent, report re by
Mr. Dreibelbis
Dismissal of suit against Board, statement to be
published in December issue of FRBulletin
Stitely case, itashington Loan and Trust Co. v. United States,
decision as to liability for checks dram
on fraudulent vouchers
Court reporters:
Kerwin, Eugene F., to take transcript of hearing to
determine removal of Messrs. Agnev. and
Fayerweather as directors of Paterson
National Bank
Crawford, Congressman Fred L., letter re absorption of exchange
charges, to be sent to member and nonmember
banks, Board's facilities to be utilized
Credit:
National policies, position of Board in affecting, discussion at special meeting of Presidents
with Board
Study re demand after the war, request of Wall Street
Journal for information re, report to be
sent upon completion of study by FRSystem
Currency:
Bills in $500 and 0_000 denominations, request of Internal
Revenue Agent for serial numbers of those
paid out by Jacksonville Branch
Destruction of United States currency in combat areas,
procedure of Treasury re FRnotes and
FRBank notes, satisfactory to Board
Fhnotes, reduction in orders for printing, program for,
matter to be discussed with Treasury
Hawaiian overprinted notes of FRBank of San Francisco
for use in Central Pacific area, question
of further production to be discussed at
Presidents' Conference
Letter to Mr. Clerk enclosing memo of Mr. Smead re
Hoarding:
Black markets, and tax evasion, to be discussed at
Treasury meeting, suggestion of Chairman Eccles
Causes of, during war, discussion at meeting of
Federal Advisory Council with Board
Increase in, hoarding as cause of, discustlion at meeting
of Federal Advisory Council with Board
Paper, assortment according to fitness, letter to
FRBanks re reducing standard of
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/11
564
10/20
1600
11/23 1734
3/ 3
361
9/16
1388
3/ 6
368
12/12 1854
8/26
1288
3/29
501
4/17
597
9/19
1413
5/ 6
6/ 1
871
9/19
1414
5/15
773
5/15
773
5/6
722
723
74
Pages
Currency: (Continued)
State Bank of Ethiopia, temporary storage of currency notes
by FRBank of Philadelphia approved
Death benefits under Board of Governors plan of Retirement System,
memo on payments for less than pay roll periods
Debentures and capital notes:
Chrisney State Bank, Chrisney, Indiana, list of capital
debentures sold to RFC to be forwarded,
improper payment of interest re Class B
noted in connection with approval of
membership application
Martin County Bank, Shoals, Indiana, copy of form of
capital debentures sold to LFC to be
forwarded to Board
Deferments from military service:
Board's procedure under new regulations, outlined by
Mr. Leonard, approved
Pre-Pearl Harbor fathers, policy to be followed re
Definitions:
Guarantee, suggested at meeting with Federal Advisory Council
to include commitment to make such a guarantee
Loan, suggested at meeting with Federal Advisory Council to
include loan, discount, advance or participation therein
Department of Agriculture:
Compilation of deposits, by States and by size groups of
cities, Board to cooperate with Bureau of
Agricultural Economics in study
S. 1688, to authorize adjustment or cancellation of
indebtedness, etc., no objection to
proposed report
Survey of individuals' holdings of liquid funds, to be
financed by Board, under certain conditions
Department of Commerce:
Collection of statistics re industry and trade,
Mr. Garfield to represent Board in
Proposed Amendment No. 11 to Regulation 6) copy of draft
sent to Mr. Jones, comments and sugestIons
requested
Department of Justice:
Clayton Act, responsibility of Board for enforcement of
section 7 to be taken up with informally
Transamerica Corporation, access to Board's files re,
letter to Mr. Berge
Antitrust investigation of, discussions with
Mr. A. P. Giannini re
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/26
1287
1/22
129
6/10
950
6/10
950
5/22
1/ 6
808
27
12/ 4 1788
12/ 4 1788
2/25
304
5/ 5
710
3/21
449
4/ 5
544
2/15
251
7/29
1176
2/19
273
5/29
839
75
Pages
Deposits:
Bank debits table in FRBulletin, to include deposit
turnover rates, instructions to FRBanks
and by size groups of cities,
States
by
Compilation
Bord to cooperate with Bureau of
Agriculturrl Economics in study
Investment Policy, studies re, report
Bank
and
Deposits
of Research Committee presented to Board
at meeting with Presidents
Proposed study referred to System Advisory
Research Committee
FRBanks, reduction in gold reserves against, discussion
of need for legislation
Investment under pension trust plan by participation in
common trust fund, letter to Mr. Lacovara re
Survey of ownership, report forms, changes approved
Time and savings:
Amendment to permit withdrnwal before maturity for
purchase of U. S. Government securities,
hoard not in favor of, Chairman Eccles
to advise Mr. Bell
Memo of reasons against sent to Mr. Bell
Not considered emergency under section 4(d)
of Regulation Q, letter to Mr. Leedy re
inquiry from Mr. George Klein
Destruction of records:
Board of Governors, material in files on previously approved
destruction lists, memo of Mr. Carpenter re
of Board, destruction approved
vouchers
Duplicate
Agency record, obsolete
Fiscal
Form PD 975,
Agency record, obsolete
Fiscal
Form PD 1340,
approved, letter to Treasury re
disposal
U. S. Government,
List approved for disposal
Destruction of United States currency in combat areas,
procedure of Treasury re FRnotes and
FRbank notes, satisfactory to Board
Dinners:
Chairmen of FRBanks on May 10, payment of cost approved
Employees of national bank of Paraguay, item in
expense account of David L. Grove
Directors:
FRBank of Atlanta:
Glenn, Thomas K., to meet with Board as member of
committee on Research, Planning and
Public Relations
Unable to attend Board meeting as member of
committee on Research, Planning and
Public Relations
Hall, Fitzgerald, to meet with Board as member of
committee on Research, Planning. End
Public Relations
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/3
49
2/25
304
3/1
333
3/9
388
12/ 4 1787
642
4/21
7/13
1123
4/14
5/9
582
735
6/20
999
3/ 5
12/ 5
11/18
11/18
11/18
11/25
1213
1807
1718
1718
1718
1747
4/17
597
5/1
694
11/16
1704
6/13
960
7/17 1109
6/13
960
76
Pages
Directors: (Continued)
FRBank of Atlanta: (Continued)
Hall, Fitzgerald: (Continued)
Present at Board meeting, statement re proposed
contribution to Southern Research Institute
Participation by FRBank of Atlanta in financing
Southern Research Institute, matter referred
to System Research Advisory Committee, advice of
Contribution by MBank of Atlanta not approved,
letter advising of recommendation of system
Research Advisory Committee
H., Glass C, reappointed for term
Frank
Neely,
of three years
Redesignated Chairman and FRAgent for 1945
Porter, J. F., to meet with Board as member of committee
on Research, Planning and Public Relations
Unable to attend Board meeting as member of
committee on Research, Planning and
Public Relations
Reappointed Deputy Chairman for 1945
Research, Planning and Public Relations Committee,
composed of Messrs. Hall, Glenn, and
Porter, to meet with Board on July 17
FRBank of Boston:
Classification of Group 1 banks for electoral pur—
poses, no changes contemplated in
Classification of Group 3 banks for electoral pur—
poses, no changes contemplated in
Creighton, Albert M.:
International stabilization plan, statement on
Reappointed Class C director for term
of three years
Redesignated Chairman and FRAgent for 1945
Dennison, Henry S.:
Business Men for Roosevelt, Inc., to
resign from membership in
Resignation from membership reported, dis—
cussion of resolution adopted in 1915,
no change in
Reappointed Deputy Chairman for 1945
Election, special, to choose successor to Mr.
Flanders, no change in classification
of Group 2 banks for
Flanders, Ralph E., appointed President of FRBank
of Boston for unexpired portion of term
and salary apnroved
Resignation as Class b and election to
choose successor to
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/17 1109
7/28
1156
10/25
1624
12/19
12/19
1909
1910
6/13
960
7/17 1109
12/19
1910
6/13
960
9/13 1365
6/16
976
6/6
904
12/19 1909
12/19 1910
10/27
1632
11/24 1740
12/19 1910
3/23
468
2/14
241
3/23
468
77
Pages
Directors: (Continued)
FRBank of Chicago:
Estberg, B. R., presentation of watch upon termination
of services, question of policy on such
expenditures
Question of policy re gifts upon retirement to
be discussed at Presidents' Conference
Leland, Simeon is., Class G, reappointed for
term of three years
Redesignated Chairman and FRAgent for 1945
Deputy Chairman, reappointed for 1945
aymack,
Cleveland:
FfiBank of
Baker, A. Z., Class C, reappointed for term
of three years
Brainard, G. C., Chairman and FRAgent,
redesignated for 1945
Election of Class A and Class B, Peoples—Pittsburgh
Trust Company and First National Bank at
Pittsburgh, Pennsylvania, eligible for
participation in
Klages, R. E., Deputy Chairman, reappointed for 1945
Personnel committee, meeting viith Board to discuss
selection of president, as successor to
Mr. Fleming
Personnel problems of Bank, to be discussed Ath
Board at meeting on June 8 or 15
FRBank of Dallas:
Briscoe, Dolph, Class C, resignation accepted
Parten, J. R.:
Appointment as Glass C director for three—
year term and Deputy Chairman for 1944
Chairman Eccles to confer with on designation as
Chairman and FRAgent in place of Mr. Taylor
Reappointed Deputy Chairman for 1945
Taylor, Jay, Chairman and FRAgent, successor to be
selected because of continued absence
from Dallas District
Redesignation for 1945
FRBank of Kansas City:
Galdwell, Robert B., Chairman and FRAgent,
redesignated for 1945
Lehornay, Robert L., Class C2 reappointed for
term of three years
Reappointed Deputy Chairman for 1945
FRBank of Minneapolis:
Coffey, . C., Chairman and FRAgent,
redesignated for 1945
B., Class C, reappointed
Roger
Shepard,
for term of three years
Reappointed Deputy Chairman for 1945
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/11
210
2/26
307
12/19 1909
12/19 1910
12/19 1910
12/19
1909
12/19
1910
9/23 1480
12/19 1910
6/8
933
5/22
808
12/ 9 1834
1/1
2
703
5/5
12/29 1959
703
5/5
12/29 1959
12/19
1910
12/19
12/19
1909
1910
12/19
1910
12/19 1909
12/19 1910
78
Pages
Directors: (Continued)
FRBank of New York:
Myers, William 1., Deputy Chairman, reappointed for 1945
Ruml, Beardsley, Class C, reappointed for term
of three years
Redesignated Chairman and FRAgent for 1945
FRBank of Philadelphia:
Balderston, C. Canby, Class C, reappointed for
term of three years
McCabe, Thomas B., Chairman and FRAgent,
redesignated for 1945
Responsibilities of directors of FRBanks,
suggestions of special committee
Whittier, Warren F., Deputy Chairman,
reappointed for 1945
FRBank of Richmond:
Lrssiter, Robert, Chairman and FRAgent,
redesignated for 1945
Malloy, Edwin, Class B, no objection to service
as member of Sinking Fund Commission of
Chesterfield County, South Carolina
McCormick, Charles P., Class C, reappointed
for term of three years
Wysor, W. J., Deputy Chairman, reappointed for 1945
FRBank of St. Louis:
Brooks, Douglas W., Class CI reappointed for
term of three years
Reappointed Deputy Chairman for 1945
Election of Class A end B, no changes in group
classification to be made for
Nardin, William T., Chairman end FRAgent,
redesignated for 1945
FRBank of San Francisco:
Election of Class B, Bank of America N.T. & S.A.
ruled ineligible for participation in
Letter to Bank of America N.T. & S.A.
reaffirming previous ruling
No change in previous instructions
Fees and allowances for 1944 approved
Grady, Henry F., refusal to request friends to make
contributions to political campaign
Reappointed Class C for term of three years
Redesignated Chairman and FRAgent for 1945
Wellman, Harry R., Deputy Chairman, reappointed
for 1945
Wilbur, Brayton, Class C, to be appointed for
unexpired portion of term if
to accept
Appointment for unexpired portion of term approved
FRBanks:
Chairman and FRAgent, designation of, discussion
of future policy
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/19
1910
12/19
12/19
1909
1910
12/19
1909
12/19
1910
1/22
116
12/19
1910
12/19
1910
8/14
1242
12/19
12/19
1909
1910
12/19
12/19
1909
1910
8/ 8
1216
12/19
1910
5/29
341
10/25
11/21
1/14
1617
1728
34
11/24
12/19
12/19
1741
1909
1910
12/19
1910
6/27
7/ 3
1030
1060
10/17
1587
79
Pages
Directors: (Continued)
FRBanks: (Continued)
Chairman and FRAgent: (Continued)
Designation, memo re, present policy to be continued
Chairmen and Deputy Chairmen, redesignation for 1945,
separate recommendation to be made for
FRBank of Dallas
Class C:
Appointment and designation of Chairmen,
discussion of future policy
Reappointment and designation of Chairmen,
memo re, present policy to be continued
Appointment, policy of not appointing
person 70 years old approved
Reappointment of those whose terms
expire December 31, 1944
Appointment, policy of not appointing person
70 years of age, advice to FRBanks
Classes, viewpoints and interests of various,
mentioned in connection with opposition
to Brom Bill, at meeting of Presidents
Ath Board
Classificatiun of member banks for election of
Class A and B directors, continuation
of present, telegram to be prepared
No changes to be made at present
Duties and responsibilities: (See infra Responsibilities)
Letters to Class A and B, deletion of word "supplemental" approved, suggestion of Mr. Fuml
Political affiliations, resolution prohibiting,
discussion of, no action taken to change
Responsibilities of, statement and chart re to be
submitted to Chairmen and executive committee of Chairmen's Conference
Revised statement, copies sent to Mr. Brainard
Revised statement sent to FRBanks with instructions for distribution to directors
Objections of FRBank of New York to procedure re,
action postponed until after meeting of
Chairmen's Conference
Letter to be sent with statement of, copies
sent to FRBanks and comments requested
FRBranch banks:
Appointments, policy re selection of directors of banks
Amendment to section 3(h) of Regulations
as to appointments by FRBanks
Policy of not appointing person 70 years
old approved
Advice to FRBanks
Baltimore:
Thomas, V. Frank, reappointed for term of three years
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/ 1 1766
12/19
1909
10/17
1587
12/ 1
1766
12/ 7 1814
12/19 1909
1:2/21
1920
3/1
344
10/25 1621
10/26 1629
5/31
857
11/24 1740
1/5
1/22
14
116
4/25
661
5/ 5
713
5/24
817
2/11
204
7/ 8 1078
12/ 7 1814
12/21 1920
12/19 1911
80
Pages
Directors: (Continued)
FRBranch banks: (Continued)
Birmingham:
Baker, Frank, to be appointed if willing to accept
Appointment declined
Comer, Donald, to be reappointed if willing
to accept
Reappointed for term of three years
Davis, P. 0., appointment withdrawn,
because of residence requirement
Smith, Will Howard, to be appointed for unexpired
portion of term if willing to accept
Appointment approved
Buffalo:
Folsom, Marion B., reappointed for term of
three years
Charlotte:
Creech, Charles L., Sr., reappointed for
term of three years
Cincinnati:
Blazer, Paul G., to be appointed if Ailing
to accept, resignation of directorship
in Second National Bank of Ashland required
Appointment for three—year term
Number of, resolution increasing from
five to seven adopted
Payment of fee for attendance at meetings
of board committees approved
Shouse, S. Headley, to be appointed if
'Ailing to accept
Appointment for two—year term approved
Denver:
Reduction in number at expiration of terms,
question of
Amendment to provide that board shall
consist of five members approved
Detroit:
Gilbert, Ernest, to be appointed if lulling
to accept
Appointment for two—yedr term approved
Duties and responsibilities, letter to be sent :;ith
statement of, copies sent to FRBanks and
comments requested
Helena:
Richardson, H. B., reappointed for term
of two years
Houston:
;.heat, J. E., to be appointed if willing to accept
Appointment for three—year term
Jacksonville:
Motherly, V;alter J., reappointed for term
of three years
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/19
272
3/ 9
393
10/13 1564
12/19 1911
1/28
142
3/ 9
3/14
393
411
12/19 1911
12/19
1911
12/27 1946
12/30 1965
12/14 1869
1/18
96
12/23 1934
12/27 1946
6/26
1025
12/18
1906
12/23 1935
12/27 1946
5/24
817
12/19
1911
12/15 1875
12/19 1912
12/19
1911
81
Pages
Directors: (Continued)
FRBranch banks: (Continued)
Little Rock:
Brooks, S. M., reappointed for term of three years
Los Angeles:
Myers, C. E., reappointed for term of two years
Louisville:
Davis, K. G., to be appointed for unexpired
portion of term if willing to accept
Macklin, Bedford, appointment for unexpired
portion of term, if Ailing to accept,
subject to resignation as director of
Farmers Bank & Capital Trust Company of
Frankfort, Kentucky, a nonmember bank
O'Brien, E. J., Jr., reappointed for term
of three years
Stone, Rosco, to be appointed for unexpired
portion of term if willing to accept
Appointment approved
Memphis:
Sherard, J. Holmes, reappointed for term
of three years
Nashville:
Austin, Clyde B., reappointed for term
of three years
Evans, V. Bratton, to be appointed for
unexpired portion of term if willing
to accept
Appointment approved
Sloan, John, to be offered appointment for
unexpired portion of term if willing to
resign as director of American National
Bank, Nashville
Unable to accept appointment
New Orleans:
Fuller, Parrish, to be appointed if willing
to accept
Oklahoma City:
Ferguson, Philip C., resignation in order
because of candidacy for House of Representatives
Resignation accepted, and letter of
appreciation for services sent to
Johnson, Neil R., reappointed for term
of two years
Reduction in board to five approved, no successor to 14,ajor Ferguson to be appointed
Amendment to provide that board shall
consist of five members approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/19
1911
12/19
1911
4/15
592
2/11
204
12/19
1911
9/ 6 1326
9/ 7 1338
12/19 1911
12/19
1911
6/16
972
6/20
997
6/ 3
880
972
6/16
12/23 1934
5/24
817
6/19
989
12/19
1911
6/26
1025
12/18 1906
82
Pages
Directors: (Continued)
FRBranch banks: (Continued)
Omaha:
Hurtz, L. E., reappointed for term of three years
Reduction in number at expiration of terms,
question of
Pittsburgh:
Arthur, William C., resignation tendered,
to be regarded as statement of unavailability for reappointment
Jordan, Howard 16., to be appointed if
willing to accept
Appointment for two-year term
Number of, resolution increasing from
five to seven adopted
Payment of fee for attendance at meetings
of board committees approved
Portland:
Steen, illiam H., reappointed for term
of two yeal.s
Reappointment of 16 of the 24 whose terms
expire December 31, 1944
Reduction in number at brancnes of FRBank
of Kansas City, question of
Regulaticns of Board relating to branches amended
as to appointment of directors
Residence requirement, appointment of Mr. P. O. Davis,
Birmingham Branch, withdrawn because of
Salt Lake City:
Rich, R. C., reappointed for term of two years
San Antonio:
Odom, J. M., reappointed for term of three years
Seattle:
McGregor, John M., to be appointed if willing
to accept
Appointment for two-year term
Six-year rule waived in connection with appointments
for terms beginning January 1, 1945, on
same basis as last year
Letter to FRBanks advising of action
Dividends:
FRBanks:
Payment of semi-annual approved for first half of 1944
Payment approved for last half of 1944 of semi-annual
Onida Bank, Onida, South Dakota, letter to FDIC on
payment by, in violation of condition
imposed by FDIC
Payment of higher dividends by banks suggested by Mr. Eccles
Draft Board No. 10:
Alien certificate of nonresidence, extension requested
for Eduardo 14,ontealegre
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/19
1911
6/26
1025
12/12
1859
12/23 1933
12/27 1945
12/14 1869
1/18
96
12/19
1911
12/19
1911
6/26
1025
2/24
291
1/28
142
12/19
1911
12/19
1911
12/19 1912
12/20 1916
6/27 1031
10/10 1548
6/24 1019
12/22 1926
594
4/15
12/ 4 1799
12/16
1881
83
Pages
Duggan, Governor, I.
loans on farm land, discussion of
legislation re, no further action to be
taken by Board at present
12/18
1900
ttlip
Earnings:
Commercial banks, situation of, memo of Chairmen Eccles
sent to hr. Lichtenstein and members of
FAC for discussion at meeting on December
3-4
Discussion at meeting of Federal Advisory Council
with Board
Use to increase salaries, pay larger rate on savings
deposits or reduce service charges,
suggestion of Mr. Eccles
Earnings and dividends:
Ltate member banks, copies of form FR 107b and instructions sent to FRBanks for semiannual report
U. S. savings bonds, reimbursements for services in
paying, to be reported on FR 107,
instructions sent to FRBanks
Earnings and expenses:
FRBanks for 1943, press statement released
FRBanks for 1944
Revised Manual of Instructions and forms,
supply sent to FRBanks
State member banks, copies of form FR 107 and
instructions sent to FRBanks
Erdman, Charles R., Jr., Regulation 1 amendment to exempt
loans made under New Jersey Veterans'
Business Loan Act of 1944, letter re
suggestion by
Examinations:
Axton-Fisher Tobacco Company, payment of voucher to
FaBank of an Francisco in connection
with services for
Bank of Canton, Georgia, permission granted to FDIC
to examine in connection with continuance
of insurance after withdrawal from FRSystem
Virginia, violations reported,
Smithfield,
Bank of
involving purchase of Virginian Corporation
Collateral Trust Notes, ruling re requested
from Comptroller of the Currency
Blackshear Bank, Blackshear, Georgia, permission granted
to FDIC to examine for continuance of
insurance after withdrawal from FRSystem
Chase Bank, New York, N. Y., copy of report sent to bank
Copy of report sent to bank
Citizens Bank and Trust Company, Bainbridge, Georgia,
examination by FDIC without consent of
Board, telegram to FRBank of Atlant
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/14 1687
12/ 4 1799
12/ 4 1797
6/9
939
9/30 1506
1/13
67
12/22 1926
12/ 9 1835
12/ 1 1776
12/ 7 1821
8/19
1270
7/13 1091
5/30
850
9/16 1386
92
1/17
11/28 1754
4/3
525
84
Pages
Examinations: (Continued)
Citizens Bank and Trust Company, Bainbridge, Georgia: (Continued)
4/25
Letter from Hr. Brown of FDIC referring to Board's letter
in
discussion
banks,
of
examinations
Federal
Costs of
2/11
connection with Bill H.R. 1818
member
State
visit
or
examine
to
not
FDIC examiners,
banks, without written consent of Board,
3/31
telegram to FRBanks
FRBank of Atlanta, cooperative arrangement with FRBank
of Richmond for assistance of examiners
2/ 3
approved
FRBank of Boston, copy of report left for infornwtion
of Chairman and directors, comments requested, appointment of officer in charge
6/23
of bank examination department to be discussed
FRBank of Chicago, copies of report left for information
of Chairman, directors, and President,
3/13
comments requested
FRBank of Cleveland, copy of report left for information
of Chairman and directors, comments
5/25
requested
FRBank of Dallas, copy of report left for information of
8/30
Chairman and directors, comments requested
FRBank of Kansas City, copy of report left for information
10/17
of Chairman and director;, comments requested
FRBank of i,iinneapolis, copy of report left for information
4/10
of Chairman and directors, comments requested
FRBank of New York, confirmation of foreign accounts
1/24
in connection with
10/14
Confirmation of foreign accounts not to be made
Voucher covering expenses of employees of FRBank
of Cleveland for assistance and addi10/ 9
tional expenditure approved
with
arrangement
cooperative
FRBank of Philadelphia,
FRBank of Richmond for assistance of
2/ 3
examiners approved
5/ 5
directors
of
consideration
for
Report submitted
of
information
for
left
report
of
copy
Richmond,
PEbank of
1/ 8
Chairman and directors, comments requested
examinain
FRBank
one
of
examiners
of
Participation
2/ 3
tion conducted by another FRBank, approved
of
at
meeting
presented
report
Louis,
of
St.
FRBank
directors, suggestions being considered,
revised procedure re collateral for
7/28
Ftinotes to be adopted
FEBanks, Mr. Paulger authorized and directed to
12/15
conduct for 1945
First National Bank of Pleasantville, Nev York, investigation for surrender of fiduciary powers to
5/16
be made by FRBank of New York
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
664
200
515
163
1014
409
831
1297
1592
561
131
1572
1547
163
718
50
163
1154
1879
781
85
Pages
Examinations: (Continued)
First State and Savings Bank of Holly, Michigan, permission
granted to FDIC to examine for continuance
of insurance after withdrawal from FRSystem
Fiscal agency operations at FRBanks, examination by General
Accounting Office re reimbursement vouchers,
question tc be discussed at Presidents'
Conference
Examination by General Accounting Office not
necessary, studies to be carried on by Board
Merrill Trust Company, Bangor, Maine, reduction in capital
stock, advice requested re proposed increase
National Bank of viestfield, New York, surrender of
fiduciary powers after absorption by
Union Trust Company of Jamestown, New
York, letters to FDIC and Comptroller
of the Currency re procedure for
examination
Examination to be made by FRBank of New York,
after application of nonmember bank
for membership in FRbystem
National banks, bill to provide that cost of one by
Comptroller of the Currency be borne by FDIC
Bill to authorize deduction of cost of one each
year from FDIC assessment
Report on bill sent to Mr. Spence, copies to
Messrs. Crowley and Bell
Orphans' Court, availability of reports to, not permissible, no change in existing policy,
statement of Mr. McKee
Pacific Coast Mortgage Company, request for in connection
with Transamerica Corporation, letter re
affiliate relationship sent to
Denial of request that books and records be made
available for examination, copies of
correspondence re sent to Comptroller
of the Currency and FDIC
Board's response to letter re request for
examination of records of
Participation of examiners of one FRBank in examination
conducted by another FRBank, approved,
letter to FRBank of Richmond
Peoples Bank, Lakewood Village, California, suggestions
re procedure for
Renwick Savings Bank, RenAck, Iowa, permission granted
to FDIC to examine for continuation of
insurance after withdrawal from FRSystem
Reports of:
Investments in series G savings bonds to be
carried at par value
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/16 1386
2/11
213
2/26
307
12/13 1864
5/18
790
5/26
835
2/29
330
3/ 9
387
4/28
677
4/14
585
4/18
608
5/10
739
5/20
800
2/ 3
163
2/16
255
9/22 1433
1/ 3
4
86
Pages
Examinations: (Continued)
Reports of: (Continued)
Marine Trust Company of Buffalo, availability for
inspection, Board opposed to
Affidavit opposing inspection by Mr. Dana B.
Hellings, to be executed by Chairman Eccles,
if necessary
State member banks, copies sent to branches may be
destroyed if copy retained in files of
Head Office
Trust departments, availability to probate or other
court, procedure for, suggestion of
Mr. Ransom re
Springville Banking Company, Springville, Utah, report of,
no objection to investment in bank premises
Transamerica Corporation:
Information re to be made accessible to FDIC
Pacific Coast Mortgage Company, letter re examination
of and relationship with sent to
Uintah State Bank, Vernal, Utah, correspondence re report
of, and comments concerning continuance
of Regulation
Union Trust Company of Jamestown, New York, examination
to be made for membership in FRSystem
Examiners:
Board of Governors:
hdams, Carl V., Assistant FRExaminer, travel expenses
for first half of June and additional
expenditure for roomette approved
Salary increased
Bugg, Lawrence H., appointaent as Assistant FRExaminer
on temporary basis and salary approved,
headquarters to be at Chicago, Illinois
Salary increased
Chamberlin, R. B., salary increased
Cooke, R. 1, Assistant FRExaminer, travel expenses
for first half of June and additional
expenditure for roomette approved
Crause, Charles G., appointment on temporary basis
and salary approved, headquarters to be
at St. Louis
Crays, Night L., resignation accepted
Daniels, Mortimer B., appointed Failxaminer
for balance of 1944
Dons, Frederick A., Assistant FRExaminer, appointment
on temporary basis and salary approved,
headquarters at Chicago, Illinois
Resignation accepted
Eaton, Charles, Assistant FRExaminer, resignation
accepted
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/21
453
4/11
564
3/9
393
3/21
454
2/28
315
8/ 5
1210
4/18
608
8/31
1307
5/26
835
6/28
12/15
1037
1875
3/17
427
1876
12/15
8/ 5
1203
6/22 1007
6/29 1043
721
5/ 6
5/ 3
698
2/17
11/16
258
1703
11/21
1727
87
Pages
Examiners: (Continued)
Board of Governors: (Continued)
Dude, George, appointment on temporary basis and
salary approved
Resignation accepted, no deduction to be made
for unaccrued annual leave taken
Fischer, Charles E., Assistant FRExaminer,
salary increased
Goodman, Glenn a., salary increased
Hagler, Herbert H., reinstatement in former position
after termination of leave without pay for
military service and salary increase approved
Highfield, C. H., Assistant FRExaminer, travel
expenses for first half of June and
additional expenditure for roomette approved
Salary increased
Hostrup, Clarence C., salary increased
Kenyon, Kenneth, appointment as assistant examiner
on temporary basis and salary ap:)roved,
headquarters to be at liashington, D. C.
Kiley, John N., Jr., Assistant FRExaminer,
salary increased
Krug, Harold T., Assistant FRExaminer, resignation
accepted to enter U. S. Army
Lang, Arthur H., salary increased
Lassen, 6illiam B., appointment as assistant examiner
on temporary basis and salary approved,
with headquarters at Chicago, released
by FRBank of Chicago
Salary increased
Lyster, Elmer Vv., Assistant FRExaminer,
salary increased
Matheny, Rodman G., Jr., Assistant FRExaminer,
resignation accepted
McClelland,
J., salary increased
Aillard, Edwin R., salary increased
Voucher approved for travel expenses and
additional expenditure for compartment
IA., Assistant FRExaminer,
Ross
'zdorgan,
salary increased
Resignation accepted
G. R., travel expenses for first half of
June and additional expenditure for
roomette approved
salary increased
Per diem increased from $6 to $7 for examiners
who participate in examination of FRBanks
and branches
Per diem of $7 to be continued during 1945
Piton, Phillip P., Assistant FRExaminer, appointment
on temporary basis and salary approved,
with headquarters at Chicago, Illinois
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/22
809
10/24 1614
12/15
8/ 5
1876
1203
5/27
837
6/22 1007
12/15 1876
8/ 5 1203
7/14
1097
12/15
1876
7
1/ 4
12/15 1875
2/25
12/15
297
1876
8/ 5
1203
7/20 1128
12/ 8 1825
8/ 5 1203
9/ 4 1320
3/30
10/19
505
1598
6/22 1007
12/15 1875
2/ 4
172
12/14 1867
3/ 4
363
88
Pages
Examiners: (Continued)
Board of Governors: (Continued)
Piton, Phillip P., Assistant FRExaluiner: (Continued)
Travel expenses for first half of June and
additional expenditure for roomette approved
ttesignation accepted
Porter, Joseph H., resignation accepted
Radford, John a., Jr., salary increased
Skees, Laurence E., leave of absence without
pay extended
Sloan, George S., salary increased
Smith, Carl A. Assistant FRExaminer, salary increased
Smith, J. C., FHExaminer, travel expenses for first
half of June and additional expenditure
for roomette approved
salar increased
Dylor, John ., Assistant FftExaminer,
salary increased
Thompson, Andrew N., salary increased
Traveling expenses, additional charges for Pullman
accomLiodations, payment authorized
Troup, F. vb., title changed from Assistant FEExaminer
to FRExaminer and salary increased
Travel expenses and additional expenditure
for drawing room approved
Salary increased
cAlburn, Adolphus D., Assistant FRExaminer,
resignation accepted, refund to be made
for unearned sic::k leave
billiams, George, Assistant FfiExaminer, appointment
on temporary basis and salary approved
Travel expenses for first half of June and
additional expenditure for roomette approved
Salary increased
bright, Marion E., i,ssistant FfiExaminer,
resignation accepted
FRBank of Atlanta:
3arnard, E. G., designation as special assistant
examiner
Cooper, Paul S., designation as special assistant
examiner
Dennis, . S., designation as special assistant
examiner
L., designation as special assistant
R.
Foushce,
examiner
Hardin, J. L., designation as special assistant
examiner
Junca, Rene' 11., designation as special assistant
examiner
McIlwain, Lielvin, designation as special assistant
examiner
Varnedce, Thomas Victor, appointment as examiner,
http://fraser.stlouisfed.org
formerly assistant examiner
Federal Reserve Bank of St. Louis
6/28 1037
11/20 1720
48
1/8
8/ 5 1203
3/25 1284
8/ 5 1203
8/ 5 1203
6/28 1037
12/15 1875
12/15 1876
3/3
359
12/15 1474
3/30
=,-05
7/24 1138
12/15 1875
6/14
963
4/25
658
6/28 1037
12/15 1876
2/10
187
4/29
684
4/29
684
4/29
684
1:112 1860
1,412 1860
12/12 1860
12/12 1860
12/ 2 1779
89
Pages
Examiners: (Continued)
FRBank of Atlanta: (Continued)
A., designation as special assistant
examiner
Album, Adolphus D., designation as special
assistant examiner
Appointment as assistant examiner approved
FRBank of Boston:
Burke, John F., designation as special
assistant examiner
Campbell, George L., designation as special
assistant examiner
Clemence, Robert G., appointment as assistant
examiner approved
Di Napoli, Ralph J., designation as special
assistant examiner approved
Farnam, Ernest P., designation as special
assistant examiner
Finnegan, Francis L., designation as special
assistant examiner
Gray, Harold, designation as special assistant
examiner
Hamm, Plemen C., designation as special assistant
examiner
designation as special assistant
Hannan, Robert
examiner
Howard, John H., Jr., designation as special
assistant examiner
MacDonald, James D., salary in excess of maximum
approved after reclassification
Schneider, Robert L., designation as special
assistant examiner
Stoddard, Arthur M., designation as special
assistant examiner
Titus, Douglas, designation as special assistant
examiner
allace, 4dl1iam S., designation as special
assistant examiner approved
Appointment as assistant examiner approved
ters, Robert h., designation as special
assistant examiner
'.11iteman, Ray C., designation as special
assistant examiner
FRBank of Chicago:
Brown, Harold J., appointment as assistant examiner
and transfer from Personnel Department
approved vdthout reduction in salary
Busey, Donald Richard, appointment as assistant
examiner, approval subject to liquidation
of loan from bank
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/12 1860
12/ 4 1802
12/ 8 1826
9/16
1384
9/16
1384
5P22
811
9/16
1384
9/16
1384
9/16
1384
9/16
1384
9/16
1384
9/16
1384
9/16
1384
6/17
977
9/16
1384
9/16
1384
9/16
1384
6/ 5
7/29
883
1177
9/16
1384
9/16
1384
2/16
253
4/ 4
528
90
Pages
J.Ixaminers: (Continued)
FRBank of Chicago: (Continued)
Collins, John B., designation as special assistant
Coppedge, Otis B., appointment as examiner approved,
formerly assistant examiner
Crays, Dwight L., appointment as examiner approved
Elliott, Daniel Bartlett, appointment as examiner,
formerly assistant examiner
Frnzen, olland itrthur, designation as special
assistant examiner approved
Appointment as assistant examiner approved
Harris, Lloyd S., designation as special
assistant examiner
Koeller, Edward August, appointment as assistant
examiner approved
Lientz, Keefer Leslie, appointment as assistant
examiner approved
Schwessinger, illiam P., designation as
special assistant
FaBank of Cleveland:
Cooper, Robert Allison, appointment as assistant
examiner approved
1
:
Daley, E. q., designation as special assistant
examiner
Donovan, J. G., designation as special assistant
examiner
designation as special
Terrill,
Fondren,
assistant examiner
Gardner, Fred G., designation as special
assistant examiner
Goddard, t- G., designation as special assistant
examiner
Hafford, L. G., designation as special assistant
examiner
Hostetler, L. L., designation as special assistant
examiner
IKapi:anadze, Nicholas J., assistant examiner,
appointment approved
Kreider, Don L., appointment as examiner approved,
formerly assistant examiner
Manley, t4. M., designation as special assistant
examiner
Marshall, J. E., designation as special assistant
examiner
Martin, charlos, designation as special assistant
examiner
McFarland, R. L., designation as special assistant
examiner
McLean, Archibald h., recommendatich for commission
in Military Government Division of Army,
not transmitted to ar Department as
authority to commission civilians has
http://fraser.stlouisfed.org
been v,ithdran
Federal Reserve Bank of St. Louis
4/10
560
3/18
=)/18
436
787
J_V 4 1802
5/22
811
9/16 1335
10/28
1640
4/ 4
523
9/16
1385
4/10
560
5/19
796
1/18
96
1/18
96
1/18
96
1/18
96
1/18
96
1/18
96
128
96
10/14 1570
9/22 1432
1/18
96
1/18
96
1/18
96
1/18
96
2/21
276
91
Pages
Exarainers: (Continued)
FRBank of Cleveland: (Continued)
Nahm, Raymond C., appointment as assistant examiner
approved
C., designation as special
idlliam
Olcott,
assistant examiner
Price, John R., designation as special
assistant examiner
Riffer, John, designation as special assistant
examiner
Appointment as assistant examiner approved
Shipacasse, Albert Joseph, assistant examiner,
appointment approved
examiners, revised list sent to Board
assistant
Special
Stewart, John T., Jr., appointment as assistant
examiner approved
Voucher covering expenses for assistance in examination of FRBank of New York and additional
expenditure approved
ERBank of Dallas:
Barber, E. J., appointment as examiner approved
Childers, C. L., appointment as assistant
examiner approved
Davis, L. G., designation as special assistant examiner
DeMoss, H. R., appointment as Examiner approved
appointment as assistant
Digings, John
examiner approved
Fetzer, George I., military service, reference to
possibility of being drafted for
Hallman, George H., reemployment, after retirement,
on temporary basis approved
Holder, George A., appointment approved
Hudel, E. G., designation as special examiner
Kelly, J. V., resignation of
Russell, James O., designation as special
assistant examiner
Appointment approved
Segelhurst, T. A., appointment approved
Tennison, Harry O., appointment as assistant
examiner approved
FRBank of Kansas City:
LaRose, Sylvester, designated special assistant examiner
Taylor, Robert M., deceased, name removed from list
of special assistant examiners
FRBank of Minneapolis:
Kelly, Douglas C., appointment as assistant
examiner approved
McNulty, Arthur J., appointment as assisLnt
examiner approved
O'Brien, william A., desUnated special assistant
examiner
AppoIntment as assistant examiner approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/17
1712
1/18
96
1/18
96
96
1/18
11/17 1712
5/6 722
10/13 1563
8/23 1279
10/ 9 1547
10/21 1607
5/12
746
10/21 1607
10/24 1615
8/22 1275
2/25
298
2/25
5/12
3/24
298
746
475
2/25
298
9/ 8 1346
9/15 1380
5/12
746
5/12
746
12/20
1915
12/20
1915
9/ 7 1338
9/ 7 1338
5/3 699
9/ 7 1338
92
Pages
Examiners: (Continued)
FRBank of New York:
10/12
Alexander, Frederick J., appointment approved
Boyd, Donald G., appointment as assistant
5/16
examiner approved
as
assistant
Chamberlin, Lester A., appointment
3/30
examiner approved
as
examiner
Drenning, Herman J., appointment
5/16
approved, formerly assistant examiner
assistant
special
as
Freund, aalter L., designation
5/16
examiner approved
examiner,
assistant
Kemmlein, C. Vdlliam,
10/12
appointment approved
as
special
designation
McCarthy, F. Sanford, Jr.,
5/16
assistant examiner approved
as
special
designation
D.,
Nelhhouse, John
5/16
assistant examiner approved
appointment
examiner,
assistant
C.,
Scott, Ralph
10/12
approved
3/30
approved
as
examiner
appointment
G.,
Steathaan, Edward
as
assistant
appointment
Vohringer, Louis,
3/30
examiner approved
of
in
charge
officer
designated
B.,
lltse, Reginald
Bank Examination Department and appointed
12/16
examiner
as
assistant
appointment
M.,
Vvisham, Maliam
3/30
examiner approved
5/16
approved
examiner
as
Appointment
a:
Philadelphi
FRBank of
3/4
Allan, John Y., designation as special assistant examiner
approved
2/4
appointment
M.
Gerald
Anderson,
assistant
special
as
designation
Helene,
Blazley,
9/29
examiner
Brems, Catherine E., designation as special
9/29
assistant examiner
Cooper, Ruth A., designation as special assistant
3/4
examiner
Crozier, Miliam H., Jr., designation as special
3/4
assistant examiner
Dougherty, Kathryn T., designation as special
1/11
assistant examiner approved
Duffy, Emma., designation as special assistant
1/11
examiner approved
6/i
Durkin, Timothy A., Jr., appointment approved
iastlack, Rachael, designation as special
9/29
assistant examiner
Bells, Marcella P., designation as special
1/11
assistant examiner approved
Frederick, Jean B., designation as special
3,14
assistant examiner
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1558
780
506
780
780
1558
780
780
1558
506
506
1882
506
780
366
167
1503
1503
366
366
57
57
864
1503
57
366
93
Pages
Examiners: (Continued)
FRBank of Philadelphia: (Continued)
Fulford, Agnes M., designation as special assistant
examiner approved
Green, Dorothy C., designation as special assistant
examiner approved
Kerns, Edward D., designation as special dssist,nt
examiner
Kline, Norma B., designation as special assistant
examiner approved
Kohler, Helen B., designation as special assistant
examiner approved
Layton, Jane R., designation as special assistant
examiner approved
LilLef, Virginia M., designation as special
assistant examiner approved
Lohse, Lena M., designation as special assistant
examiner
Lucas, II. Jane, designation as special assistant
examiner approved
MacTegue, Samuel G., designation as special
assistant examiner
Maguire, Ethel F., designation as special
assistant examiner approved
Manion, Bernice A., designation as special
assistant examiner approved
Marriott, Evelyn F., designation as special
assistant examiner approved
Matuck, Olga B., designation as special
assistant examiner approved
McCullough, Marie H., designation as special
assistant examiner approved
McCurdy, Emily, designation as special assistant
examiner
McKenna, Mary, designation as special assistant
examiner approved
lAcLeister, Marjorie D., designation as special
assistant examiner approved
IcNamara, Pauline V., designation as special
assistant examiner approved
Monks, Rosemary L., designation as special
assistant examiner approved
Moody, Marjorie M., designation as special
assistant examiner approved
Mueller, Mildred E., designation as special
assistant examiner approved
Cor-, designation as special assistant examiner
Elizabeth M., designation as special
assistant examiner
O'Rourke, Margaret M., designation as special
assistant examiner approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/11
57
1/11_
57
11/ 3 1659
1/11
57
1/11
57
1/1L
57
1/11
57
9/29 1503
1/11
57
:3/4
366
1/11
57
1/11
57
1/11
57
1/11
57
1/11
57
9/29 1f03
1/11
57
1/11
57
1/11
57
1/11
57
9/29 1503
1/11
9/2:9
57
1503
9/:9
1503
1/11
57
94
Pages
Examiners: (Continued)
FRBank of Philadelphia: (Continued)
Orrell, Florence, designation as special assistant examiner 3/ 4
Pomendale, Eugene R., designation as special
:3/ 4
assistant examiner
Przygoda, Fay M., designation as special zissist,_nt
9/29
examiner
Ricciardi, Elizabeth L., designation as special
1/11
examiner approved
Salkeld, Edith M., designation as special assistant
1/11
examiner approved
Schaum, Margaret G., designation as special assistant
examiner approved
3/24
Schoonmaker, Harold E., appointment as assistant examiner
Schwaiger, Clare, designation as special assistant
9/29
examiner
assistant
Scott, Joseph T., designation as special
9/29
examiner
special
Shumaker, Victor H., designation as
9/L9
assistant examiner
Smith, Andrew R., designation as special assistant
3/ 4
examiner
assistant
Stopper, Mary A., designation as special
1/11
examiner
special
Toner, Bernadetta E., designaticn as
1/11
assistant examiner
assistant
VeEhte, John C., designation as special
3/ 4
examiner
assistant
special
,;alder, illiam, designation as
9/29
examiner
special
n
,,alker, Arthur E., designatio
3/ 4
assistant examiner
as
special
n
designatio
allazz, Josephine J.,
9/29
assistant examiner
special
as
n
designatio
,lton, Msie U.,
9/29
assistant examiner
special
as
n
designatio
Frances H.,
1/11
assistant examiner
as
special
n
designatio
Winchell, J. Donald,
3/ 4
assistant examiner
as
special
n
designatio
A.,
Ihinton, Beatrice
1/11
assistant examiner
Richmond:
FRBank of
Chalkley, C. R., designation as special assistant examiner 4/24
10/19
Daane, Devey, designation as special assistant examiner
4/24
Duggan, A. A., designation as special assistant examiner
Heinrich, A. C., Jr., designation as special
4/24
assistant examiner
Horigan, John C., appointment as assistant
9/16
examiner approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
366
366
1503
57
57
457
5
1503
1.03
1503
366
57
57
366
1503
366
1503
1503
57
366
57
651
1598
651
651
1384
95
Pages
Examiners: (Continued)
FRBank of aichmond: (Continued)
Joyner, Charles G., designation as special assistant
examiner
Knapp, J. G., designation as special assistant examiner
LaMar, Eugene M., designation as special assistant
examiner
Landrum, Frank E., designation as special assistant
examiner
Levis, Herbert I., assistant examiner, resignation noted
Mann, James R., appointment as assistant examiner approved
Noftsinger, R. C., designation as special assistant
examiner
Nosker, John L., appointment as assistant examiner
approved, details re indebtedness to
building and loan association to be
furnished to Board
Nunnally, Melvin B., designation as special
assistant examiner
Parham, E. P., designation as special assistant examiner
Richardson, A. L., Jr., designation as special
assistant examiner
Schumann, E. V., designation as special assistant
examiner
T., examiner, resignation noted
Short,
LAhler, J. Hammond, designation as special
assistant examiner
Singleton, Hugh C., designation as special
assistant examiner
Tingle, James P., appointment as assistant examiner
Vaughan, Elmore, designation as special assistant
examiner
Ahite, Carl W., designation as special assistant
examiner
Louis:
FttBank of St.
Briegel, Vincent F., designation as special
assistant examiner
P., payment of voucher to FRBank of
Melvyn
Cange,
San Francisco for services in examination
of Axton—Fisher Tobacco Company
Courtney, Harold J., appointment as assistant
examiner approved
Gales, Jerome H., payment of voucher to FRBank of
San Francisco for services in examination
of Axton—Fisher Tobacco Company
Hedrick, Gerald Eugene, appointment as assistant
examiner approved
Leach, Charles E., appointment approved
Mueller, Fred J., payment of voucher to FRBank of
San Francisco for services in examination
of Axton—Fisher Tobacco Company
Powers, Alfred H., appointment as examiner approved,
http://fraser.stlouisfed.org
formerly assistant examiner
Federal Reserve Bank of St. Louis
11/11
4/24
1677
651
11/11
1677
4
3 1
//1 6
21 /it
;
10/11 15524/24
651
6/ 5
883
10/19
10/19
1598
1598
4/24
651
1/
(;
i1
16
'
,
)1
10/19
1598
10/19 1:98
12/12 1860
10/20 1605
10/19
1598
7/22
1133
8/19
1270
8/ 5 1206
8/19
1270
9/26
10/31
1489
1641
8/19
1270
1/ 3
4
96
Pages
Examiners: (Continued)
FRBank of San Francisco:
Childs, G. F., designation as special assistant examiner
Davenport, D. 1., designation as special assistant
examiner
Godfrey, J. W., designation as special assistant
examiner
Habel, C., designation as special assistant examiner
Kahrs, L. J., designation as special assistant examiner
Mangels, H. N., designation as officer in charge of
Bank Examination Department, appointment
as examiner, and salary increase approved,
after report by Mr. McKee
Mittelman, E., designation as special assist,nt examiner
Muir, George C., appointment approved, formerly
assistant examiner
Sherman, N. M., designation as special assistant examiner
Vandermark, J., designation as special assistant examiner
Virta, George, designation as special assistant examiner
Wells, E. A., designation as special assistant examiner
FRBanks:
Participation of examiners of one FRBank in examination conducted by another FRBank, approved
Travel expense allowance, to be discussed at
Presidents' Conference
FRBranch banks:
Los Angeles:
Borden, L. S., designation as special
assistant examiner
Lile, M. E., designation as special
assistant examiner
Magnusson, B. L., designation as special
assistant examiner
Miller, K. H., designation as special
assistant examiner
Pittsburgh:
Johnston, J. B., Jr., designation as special
assistant examiner
McCullough, Scott B., designation as special
assistant examiner
Portland:
H., designation as special
Andrews,
assistant examiner
Eaton, John W., designation as special
assistant examiner
Foster, R. P., designation as special
assistant examiner
Hammerly, J. M., designation as special
assistant examiner
Jones, C. A., designation as special
assistant examiner
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/13 1864
12/13 1864
12/13 1864
12/13 1864
12/13 1864
5/29
245
12/13 1864
2/24
12/13
12/13
12/13
12/13
291
1864
1864
1864
1864
2/ 3
163
2/26
308
12/13
1864
E/13 1864
12113
1864
12/13 1864
1/18
96
1/18
96
12/13 1864
1/15
29
12/13 1864
12/13 1864
12/13 1864
97
Pages
1fXamjners: (Continued)
FRBranch banks: (Continued)
Portland: (Continued)
Martin, J., designation as special assistant examiner
Schmeer, Harold E., designation as special
assistant examiner
Salt Lake City:
Cottingham, H. B., designation as special
assistant examiner
Moyer, L. D., designation as special
assistant examiner
Seattle:
Harper, W. h., designation as special
assistant examiner
Thomas, George W., designation as special
assistant examiner
shhitwam, R. C., designation as special
assistant examiner
Loans:
Executive officers, procedure for classifying
Made prior to June 16, 1933, procedure re classification, information sent to FRBank of
San Francisco and Comptroller of the Currency
extension of time for renewals,
banks,
Member
inquiry re by American Bankers Association
Member banks, prior to June 16, 1933, limitation in
section 22(g) of FRAct, position of Board
expressed in letter to Mr. Gidney, January
28, 1938, further action to be withheld
for several months, advice to Comptroller
of the Currency
Expenses:
Banking and Monetary Statistics, bill from National Capital
Press, Inc., for printing, discussion of,
approved with 10% increase on balance due
Cafeteria, cash fund to be established Men operations
are taken over by Board on June 1, 1944
Chairmen's Conference, amounts added to budget to cover
stenographic record, dinner, etc., for
meeting of May 10 and 11
FRBank of Chicago, tuition and incidental fees under
educational program, no objection to payment of sum for withheld taxes in connection with and also for reimbursement to
employees of premiums for National
Service Life Insurance
Fiscal agency, not considered as reimbursable, letter to
FRBank of Dallas re separation allowances
Garver, Walter B., FRBank of Chicago, payment of tuition
and expenses for two-week course at University of Illinois approved and le've of
absence granted
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/13
1.64
1/15
89
12/13 1864
1/15
89
1/13 1864
12/13 1864
13/13 1864
8/12 1237
8/12 1237
1/13
73
6/13
956
7/18
1124
5/18
793
5/ 1
694
9/11 1357
7/12 1088
6/15
967
98
Pages
Expenses: (Continued)
Jarvis, Ruth, maid, special physical examination,
payment of bill approved
Veterans Administration, reimbursement in connection
with distribution of regulations and forms
re loans to veterans for, no reuest to be
made, not to be reported in Form E
P. 8. joseley & Co., application of Regulation T to activities
in arranging loans on securities
. Activities not in violation of section 7(a) of Regulation T
Fair Labor Standards Act:
Overtime payments at FRBanks under, problems to be
considered at Presidents' Conference
Committee of Presidents' Conference to be appointed
to advise with Messrs. Dreibelbis and Leonard
Committee to confer with Messrs. Leonard and Dreibelbis
Applicability to FEBanks, statement of Presidents'
Conference re, Board to give prompt consideration to question of ruling
Memo proposing procedure for obtaining ruling re,
to be read before action on matter
Question to be discussed with representatives
of Wage and Hour Division
Mr. Leonard to discuss matter of ruling with
Mr. Sproul, letter re sent to Mr. Day
and all FRBanks
Faircloth, Mr. Charles A., absorption of exchange charges in
case where costs of collecting charges
exceed amount absorbed, letter re
Farm Credit Administration:
Loans on farm land, amendment to law suggested by,
letter to Mr. A. G. Black re
legislation re, no further action
land,
farm
Loans on
to be taken by Board
S. 1688, to authorize adjustment or cancellation of
indebtedness, etc., no objection to proposed report of Department of Agriculture
Farm Security Administration, bill to abolish, report of
Department of Agriculture on
Farmers' Home Corporation, bill to provide credit service
to farmers through
Farrell, Mr. J. Paul, Regulation vl extensions of credit for
maintenance and repair of residential
property, letter re applicability of
FLyerweather, F. O., employee of Eastman, Dillon & Co., order
for hearing to determine removal from
office as director of Paterson National
Bank, Paterson, N. J.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/19 1127
11/22 1731
8/ 1 1184
12/ 8 1828
9/ 8 1350
9/22 1441
10/11 1556
12/11
1848
12/18
1899
12/26 1939
12/29 1953
2/ 8
178
2/11
195
12/18
1900
5/ 5
710
5/20
802
V20
802
1/25
135
7/29
1169-74
99
Pages
Fayerweather, F. O.: (Continued)
Order for hearing, issuance of, letter to FRBank of
New York re service
Arrangements for stenographic transcript re
Failure of Comptroller's Office to present evidence for,
r. Dreibelbis to confer again with Ar. Upham
F ,e el ral
Council:
Advisory
Absorption of exchange and collection charges, hearings
on subject before banking and Currency
Committee of Congress, statement re by
Messrs. Ransom and McKee, discussion of,
at meeting of FAG with Board
LLatement prepared re position of Council on
Resolution adopted by, revision approved, to
be released to press
Status of Brum and thaybank bills, discussion of
means of defeating at meeting of executive
committee with Bo-rd
Discussion of time for hearings on bill and
attitude toward
Recent developments re Brown-Maybank bill discussed
Hearings on Brovin-Maybank bill to be held before
senate Committee, discussion at meeting
with Board
legislation, draft of bill re
company
Bank holding
supervision of, submitted to Comptroller
of the currency and FDIC, tiuestion of
iving copy to FAG, discussed at meeting
of hoard
Rallest for copy of draft of bill re at meeting
on February l, question of
Request made by FAG members to see copy of,
discussion at meeting Ir,ith Board
status of Patman bill mentioned at meeting of
Board
executive committee
Request for copy of bill, discussion at
meeting with Board
Draft of bill prepared by Board, reference in
letter to FRBdnks to request for copies of
Bill re, Lr. Lorrill to notify and to send copies of,
upon information that introduction of bill
by Er. Putman is about to take place
Request for copies of bill, memo of counsel re,
Chairman Eccles to state Board's
position at meeting on Septmeber 18
Revised memo and legal opinion re request for copies
of, approved, to be read at Council meeting
if question raised
Reuests for drafts of bills, discussion at meeting
with Board
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/ 9 1220
9/16
1388
11/14
1683
1/5
1/5
16
17
2/14 2.76-9
3/8
37)
4/5
5/15
549
770
12/ 4 1785
1/ 5
20
1/13
63
V14 234-9
3/ 8
332
5/15
753
5/18
792
5/19
794
9/12 1359
9/15 1375
9/18 1394
100
Pages
Federal Advisory Council: (Continued)
Banks as essential industry:
FRBanks, classification as essential industry, request
to f.ar Manpov,er Commission to be prepared by
Draft of letter to Mr. McNutt, Mr. Leonard to discuss
with Comptroller of the Currency and FDIC
Letter from Mr. Eccles to Messrs. McNutt and Hersey,
copies sent to executive committee
Appreciation expressed for assistance of Messrs.
McKee and Leonard re classification as
Banks as services to be granted locally needed
designations, method of publication of
statement by VIMC to be left to Messrs.
Fleming and Leonard
Branch and group banking, question of draft of bill re,
discussed at meeting with Board
Brown-Maybank bill, recent developments re, discussion
at meeting with Board
Clayton Act, section 7, Board's responsibility for
enforcement, question to be presented
at next meeting
Currency, increase in, hoarding as cause of,
discussion at meeting with Board
txecutive committee:
Bank holding company legislaticn, Patman bill,
status of, mentioned at meeting with Board
Banks as essential activity, request re transmitted
in letter of Chairman Eccles to Messrs.
McNutt and Hersey, copies sent to
Brown and Maybank Bills, re absorption of exchange
and collection charges, status of, discussion of means of defeating, at meeting
with Board
Discussion of time for hearings and attitude
re at meeting with Board
FRAct, section 13b:
Amendment to, suggestions as to changes in bill,
discussion at meeting with Board
Expansion of, status of suggestion by Baruch
Report, discussed at meeting with Board
International monetary fund and bank, discussion
of plans at meeting with Board
International stabilization plan, review of status
of discussions of, at meeting with Board
Legislation, information re desired from Board,
discussion of at meeting with Board
theeting with Board
Meeting scheduled for March 1 postponed until March 8
Meeting with Board
Meeting with Board
Meeting with Board
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/ 5 '46-9
4/14
584
4/24
656
5/15
777
6/7
927
1/5
19
5/15
770
7/29
1176
5/15
773
3/8
382
4/24
656
3/8
379
4/5
549
6/7
922
3/S
382
6/7
924
3/8
383
6/7
1/5
2/14
921
16
3/
4/ 5
239
379
546
6/7
921
101
Pages
Federal Advisory Council: (Continued)
Executive committee: (Continued)
Meetings in July and August cancelled
Meeting to be held in V#ashington on October 25
Meeting not to be held in November
Members:
Brown, Edward E., member of American delegation
to international conference, discussion of
views re at meeting with Board
Harrison, George L., absent from meeting because
of illness
Huntington, B. G., absent from meeting
Spencer, Charles E., Jr., absent from meeting
dates, short-term rate on Government securities,
discussion of increase in, at meeting
with Board
Small business legislation, discussion of Mead Bill,
Baruch Report, and Smaller li:ar Plants
Corporation, at meeting with Board
FRAct, section 13b, amendment re authority for industrial
loans, re,.luest for draft of bill,
discussion at meeting with Board
Amendment proposed to, status of, small loans bill
and background statement discussed at
meeting with Board
suggestions as to changes in bill discussed at
meeting of executive committee with Board
Proposed amendment, definition'of terms in, discussion of passage at meeting with Board
Gold reserves, reduction of requirements, discussion
at meeting with Board
Guarantee of contractor against insolvency of contractor
above him, discussion of problem at
meeting with Board
of proposed with members of,
discussion
Legislation,
opinion of Mr. Eccles on principles involved
Memo of Counsel on disclosing contents to FAC
Request for drafts of bills, memo of Board, and
discussion re at meeting with Board
Legislation for small business, possibilities for
discussed ast meeting with Board
"Legislaticn to Finance Business in the Postwar Period,"
statement by Chairman Eccles read at
meeting with Board
Legislation to regulate interbank deposits, no basis
for report of
Meeting, next to be held on Eebruary 13
Meeting with Board
Meeting, to be held in Viashington on My 14-16
Meeting with Board
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/ 7
9/18
9/18
927
1403
1408
6/ 7
924
1/ 5
I/ f.
1/ 5
16
16
16
3/ 8
3A)
3/ 0
381
5/15
754
5/15
760
6/ 7
922
1:1 4 1788
r/ 4 1787
2/14
2.32
:/14
9/15
1375
237
9/18 1394
2/14
231
9/18
1392
V14
1/ 5
/1.4
4/21
')/15
235
22
226
636
753
102
Pages
Federal Advisory Council: (Continued)
Meeting on September 17-19, subjects to be discussed,
letter to hir. Lichtenstein
Meeting with Board
Meeting to be held in Y.ashington on December 3-4
Topics for discusson
Meeting with Board
Members:
Bradshaw, A. E., appointment as member from Kansas
City District, expense allowance approved
Brown, Edward E., President:
Lember of American delegation to international
conference, to serve as private banker
Present at Board meeting to discuss views on
international fund and bank, prior to
conference at Bretton Woods
To be invited to attend meeting on June 6 to
disuuss plans for proposed monetary fund
and Bank
Unable to attend meeting with Board as in Mexico
Spencer, Charles E., Jr., reappointment to
represent FRBank of Boston for 1944
V.allace, George M., short-term securities,
reply to inquiry as to types included
Pending bills affecting banks, list sent to,
each month, discontinuance of
Regulation L, Interlocking Directorates, amendment re
ABA's Post-ii'iar Credit Commission for
Small Business, question to be presented
at next meeting
To be discussed at meeting on September 17-19
Discussion at meeting with Board
Regulation V, new program re terminated contracts,
discussed at meeting with Board
history with Board, review by
and
Relationships
Mr. Ransom with reference to legal rights,
in connection with FAC request for drafts
of bills
matter not to be discussed Idth FAG,
requirements,
Reserve
statement of Chairman Eccles at :Jeeting
with Board
Short-term Government debt, refund of, reply to
question of kr. Viallace re type
Discussion at meeting with Board
6mal1 business, bill prepared by Senator Mead re,
no position taken by Board on
Smaller Viar Plants Corporation:
Bill to expand authority of, statement by Chairman
Eccles re and discussion at meeting with Board
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/18
9/18
9/18
11/14
12/ 4
1260
1389
1409
1687
1784
1/21
109
6/ 6
392
6/ 6
885
5/31
12/ 4
861
1785
2/ 1
154
11/17
1710
414
230
7/29
8/18
9/18
1176
1260
1390
9/18
1409
9/18
1396
9/18
1408
11/17
12/ 4
1710
1791
2/14.
230
9/18
1392
103
Pages
Federal Advisory Council: (Continued)
Smaller War Plants Corporation: (Continued)
Letters in reply to statement of FAC re loans up to
4'25,0001 further action deferred until
1/ 5
next full meeting of Council
Statement re loans up to $25,000, not to be
2/14
released at present
S. 2004, passage of, discussion of additional funds
12/ 4
for, at meeting with Board
State legislation:
Tax on bank deposits, question of abolishing to
correct shift of deposits, discussion
5/15
at meeting with Board
Termination financing, discussion of meeting and
2/14
reports re at meeting with Board
Topics for discussion:
Earnings situation of commercial banks, memo
of Chairman Eccles re, copy sent to
11/14
Mr. Lichtenstein and members
4/21
for
no
suggestions
Meeting in Washington on May 14-16,
with
connection
in
Reguletion LI possible amendment
ABA plan for Postwar Small Business Credit
8/18
Commission
11/14
of
refund
Short-term Government debt,
Wagner-Spence bill, to amend section 13b of FRAct,
9/13
status of, discussion at meeting with Borrd
s
subcontractor
strong
by
War contracts, problem of supply
to weak prime contractors, discussed at
2/14
meeting with Board
purchase
for
bank
accounts
of
War savings bonds, analysis
5/15
of, discussion at meeting with Board
n:
Federal Bureau of Investigatio
.Aliens, reports to Board on, inability to continue
2/15
investigations re
Division
in
Specialist
Economic
Alexander,
,
Gerschenkron
of Research and Statistics, report
1/ 7
requested on
2/ 2
Letter from Mr. Hoover considered satisfactory check re
Federal Deposit Insurance Corporation:
Pssessments on banks, report to be made on bill to exempt
amount of examination charge paid to
2/11
Comptroller of the Currency
Bill to authorize deduction of cost of one examination
3/ 9
of national banks each year
Bill to authorize deduction of cost of one examination
of national banks each year, report sent to
4/28
Mr. Spence, copies to Messrs. Crowley and Bell
Bank holding companies, memo of Mr. Crowley with special
5/ 5
reference to Transamerica Corporation
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
22
230
1789
776
232
1637
636-8
1260
1687
1391
231
773
244
43
156
200
387
677
711
104
Pages
Federal Deposit Insurance Corporation: (Continued)
Bank of Canton, Georgia, permission granted to examine in
connection with continuance of insurance
after withdrawal from FRSystem
B2nK of uoauerce, Clayton, Alabama, permission granted
to examine for continuance of insurance
after withdrawal from Fabystem
Bank of Soperton, Georgia, permission granted to examine
for continuance of insurance after withdrawal from FRSystem
Blackshear Bank, Blackshear, Georgia, permission granted
to examine for continuance of insurance
after withdrawal from PRSystem
Certification of banks as members of FRSystem:
Industrial State Bank of Houston, Texas
Levelland State Bank, Levelland, Texas
Miles City Bank, Miles City, Montana
Pan American State Bank, Brownsville, Texas
South Main State Bank, Houston, Texas
Duplicate letter forwarded as letter of
March 17 not received
Citizens Bank and Trust Company, Bainbridge, Georgia,
examination without consent of Board,
letter to Mr. Crowley
Letter from Mr. Brown referring to Board's letter re
Condition of banks, information requested by large
corporate depositors, to be discussed
with representatives of
Condition reports of State member banks, to be made
available for compilation of data for
Department of Agriculture, copy of letter
re sent to Mr. Donald S. Thompson
First State and Savings Bank of Holly, Michigan, permission granted to examine for continuance
of insurance after withdrawal from FRS7stem
rirst Trust and Savings Bank of Pasadena, California,
application for establishment of branch
in City of Alhambra, California, declined
FRBanks, classification as essential industry, Board to
request letter in support of FAC request for
H. H. 3956, information requested for hearings on,
letter to Mr. Crowley closing matter
Series G Savings Bonds, to be valued
in
Investnents
at par in reports of examination
Letter from FRBank of Atlanta to Mr. Roberts,
suggested change in
National Bank of '4estfield, New York, surrender of fiduciary
powers after absorption by Union Trust Company
of Jamestown, New York, examination to be made
by FRBank of New York, after application of
nonmember bank for membership in FRSystem
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/13 1091
152
1/21
110
9/16 1386
4/3
524
11/17 1714
9/20 1426
5/10
3/17
738
430
4/8
556
4/3
4/25
)25
664
3/21
451
2/25
304
9/16
1386
9/-6 1490
4/ 5
549
8/11 1230
1/ 3
4
4/3
525
5/26
835
105
Pages
Federal Deposit Insurance Corporation: (Continued)
Onida Bank, Onida, South Dakota, advice re payment
of dividends by, requested of
examiners not to examine or visit
FDIC
C2,
Regulation
State member banks without written consent
of boz-rd, telegram to FRBanks
Bank, aenwick, Iowa, permission granted
Savings
Renwick
to examine for continuation of insurance
after Aithdrawal from FRSystem
Thompson, Donald S., Chief, Division of hesearch z-nd
Statistics, discussion of employment by
FaBank of Cleveland
btock, question of retention by FRBanks, discussion at
meeting of Presidents' Conference with Board
Transamerica Corporation, information re examination
to be made accessible to
Federal farm loan bonds and coupons, payable at FRBanks,
no objection to statement on face re
Federza Government:
Industrial technological research facilities provided by,
report of Mr. Hopkins of FRBank of Atlanta
Federal Home Loan Bank Act, letter to Senator ivagner on bills
S. 756, S. 757 and S. 1034 to amend
board's letter stating objections and suggested changes
re S. 756, S. 757, and S. 1034, to be
incorporated in record of hearings
Federal Housing Administration:
Booklet entitled "Here's How to Make Sales and Satisfied
Customers with FHA Title I Loans", 1)rocedure
for distribution in connection with Regulation W
Escrow funds held in connection with FHA Title II mortgages,
inquiry re applicability of section 11(k) of
FRAct
Federal Open Market Committee:
Economists, tentative agreement re number to attend
meetings of, discussed at meeting of
Presidents with Board
Meeting to be held in May
Leetings, enlargement in attendance, Messrs. Eccles and
Sproul to work out plan for future meetings
(See also Committees, Federal Open Market)
FRAct:
Section 11(k), trust funds under, inquiry re escrow funds
held in connection with FHA Title II mortgages
to guarantee loans by banking
modification
13h,
Section
institutions to facilitate full production
and employment, suggested by Mr. Ransom
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/15
593
3/31
515
9/22 1433
10/ 5 1521
9/22 1465
8/ 5
1210
12/ 2 1782
10/17 1580
5/24
819
12/18
1687
9/ 2 1314
9/ 5
1323
3/ 1
346
3/ 1
347
3/ 1
346
9/ 5 1323
1/13
76
106
Pages
FRAct: (Continued)
Lection 30, Comptroller of the Currency, responsibility of
office to present evidence re case, discussion
in connection with hearing to determine removal
of Messrs. Agnew and Fayerweather as directors
of Paterson National Bank
(See also Legislation, FRAct)
PRAgents:
Assistant:
Allendoerfer, Jiaurice, FRBank of Kansas City,
salary approved
Cooper, Norman C., Alternate at FRBank of New York:
Bond of
Salary approved
Salary approved
Davis, Llewellyn Glynn, Alternate at FRBank of Dallas,
appointment and salary anproved
of
Bond
Diercks, W. R., Alternate at FRBank of Chicago,
bond of
Digings, John Miliam, Alternate at FEBank of Dallas,
to be released from duties upon qualification of Mr. Davis
Advice to bonding company of termination
of obligation on bond
Dunphy, Raymond J., Alternate at FRBank of Boston,
salary increase approved, request not received
Eddy, halter L., FRBank of Boston, bond of
Erste, Anne J., Alternate at FRBank of Cleveland,
salary approved
Granted leave of absence for indefinite period
Appointment and salary approved
Bond of
Farnon, Joseph H. P., Alternate at FRBank of
New York, salary approved
Fry, Mrs. Gertrude L., Alternate at FRBank of
Cleveland, appointment and salary approved
Resignation of
Bond of
Gibson, Terrice C., Alternate at FRBank of Richmond:
Bond of
Resignation of
Higgason, Beverley P., Alternate at FRBank of Richmond:
Appointment and salary approved
Bond of
S:-lary approved
Johnson, John, Alternate at FRBank of Minneapolis,
hood of
JL...bper A., Alternate at FRBank of Boston, bond or
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/14
16,33
2/17
260
167
2/ 4
134
1/25
12/22 1930
11/ 2 1649
11/17 1711
1/13
77
11/ 2 1650
11/17
1711
3/ 2
1/28
354
142
313
2/28
6/21 1002
7/12 1085
7/26 1144
12/22 1931
6/21 1002
3
/2:
7/
7
1T.2
1/13
77
6/26
1024
6/26 1024
7/13 1090
12/13 1863
4/14
1/28
587
142
107
Pages
FaAgents: (Continued)
Assistant: (Continued)
FRBank of Cleveland:
Matter, Norman
Bond of
Salary ap,)roved
Morrissey, Clifford E., _Alternate at FilBank of boston:
Bond of
Salary approved
Parker, Frank S., FRBank of St. Louis:
Bond of
Salary approved
Rehfuss, J. Frank, Alternate at FRBank of Philadelphia,
bond approved
Reynolds, Mrs. Edna K., Alternate at FRBank of
New York, salary approved
Salary approved
Robb, Thomas Bruce, Alternate at FRBank of Kansas
City, bond of
Scanlon, Charles J., Alternate at FRBank of Chicago,
salary approved
Salary approved
Schelling, Carl, FfiBank of Chicago, bond of
Self, Kenneth, Alternate at FRBank of Kansas City,
salary approved, and former increase
noted and approved
Shepherd, Robert L., FRBank of Richmond, bond of
imith, Minnie, Alternate at MBank of St. Louis,
salary approved
Stoyle, Lewis E., Alternate at FRBank of Boston,
salary increase approved, request not received
Salary approved
Stryker, Jere V. D., FRBank of New York, bond of
F., at FRBank of 6-n Francisco,
Volberg,,
salary approved
"Lehner, Edward A., Alternate at FRBank of St. Louis:
Bond of
Salary approved
bonds, effective as of date of execution, opinion
of Legal Division
four years, question under consideration
every
Renewal
FRBank of Cleveland:
C.,
George
Brainard,
of
Bond
Redesignated Chairman for 1945
Caldwell, Robert B., FRBank of Kansas City:
Bond of
Redesignated Chairman for 1945
Coffey, Walter C., FRBank of :thinneapolis:
Bond of
Redesignated Chairman for 1945
Creighton, Albert M., FRBank of Boston, redesignated
Chaimian for 1945
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/18
8/29
94
1291
1/28
6/17
142
973
1/19
7/25
103
1142
1/28
146
134
1/25
12/22 1931
3/29
495
109
1/21
12/ 9 1834
77
1/13
2/17
1/13
260
77
9/22 1433
3/ 2
354
12/23 1933
2/ 4
167
7/13 1091
103
1/19
8/23 1260
1/28
10/11
145
1553
1/16
12/19
94
1910
3/29
12/19
495
1910
4/25
12/19
658
1910
12/19 1910
106
Pages
FRIlgents: (Continued)
Government securities as collateral for FRnotes, procedur,-; re,
no objection to designation of employees as
custodians
Authority to designate representatives of Bank for
custody of securities, letter to FRBank
of St. Louis re
Grady, Henry F., FRBank of San Fr.ncisco, redesignated
Chairman for 1945
Lassiter, Robert, FRBank of t:.ichmond:
Bond of
Redesignated Chairman for 1945
Leland, Simeon E., FRBank of Chicago, redesignated
Chairman for 1945
FRBank of Philadelphia:
B.,
McCabe, Thomas
Bond approved, effective as of date of execution
Redesignated Chairman for 1945
Nardin, William T., FRBank of St. Louis:
Bond of
Redesignated Chairman for 1945
Neely, Frank H., FRBank of Atlanta:
Bond of
Redesignated Chairman for 1945
Parten, J. d., suggested as successor to Mr. Taylor
at FRBank of Dallas
Rotation of office and limitation of terms of service discussed
Rwal, Beardsley, FRBank of New York:
Bond approved
Redesignated Chairman for 1945
Taylor, Jay, FRBank of Dallas, reappoi_nLod for 1945
Treasury Department Circular No. 745, not applicable to
surety bonds covering, receipts for
renewal premiums not to be forwarded
to Board
FaAgentst Representatives:
Bagby, T. 'i;esley, Charlotte Branch, salary approved
Clark, James Calvin, Jr., Oklahoma City Brrnch:
Bond of
Salary approved
Duties as outlined in personnel classification sheet
Jones, Everett D., at Detroit Branch, salary approved
Larsen, LeRoy) Salt Lake City Branch, salary approved
Links, John A., Little Rock Branch, bond of
Pettke, August J., Detroit Branch, salary approved
Salary approved
hobinson, J. R., Los Angeles Branch:
Appointment approved
Bond of
Salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/ 5 1211
8/12 1233
12/19 1910
1/13
77
12/19 1910
12/19 1910
145
1/28
12/19 1910
103
1/19
12/19 1910
309
2/26
12/19 1910
703
5/ 5
10/17 1587
12/29 1960
12/19 1910
12/29 1959
10/11
1553
6/10
948
3/29
2/17
8/12
12/ 9
12/13
1/19
1/21
12/ 9
495
260
1233
1834
1864
103
109
1834
4/15
592
4/26
666
7/13 1091
109
Pages
FRAgent51 Representatives: (Continued)
Shipley, Eugene L., Baltimore Brunch:
Appointment and salary approved
Bond of
Thornton, Ira Arthur, Omaha Branch:
Bond of
Salary approved
Young, Ulliam Rusbell, Denver Branch:
Bond of
Salary approved
FRBank notes:
Destruction in combat areas, Treasury procedure
satisfactory to Board
Face models submitted by Bureau of Engraving and Printing,
ilinor suggestions to be made re
F[Inank of Atlanta:
April Business Review, issuance and distribution
of supplement approved
Banking quarters, purchase of adjacent vacant lot,
no objection
Examinations, cooperative arrangement with FRBank of
Richmond for assistance of examiners approved
Personnel classification plan, changes approved
Regulation Q:
FDIC examiners not to examine State member banks
without written consent of Board,
advice of telegram to FRBanks re
Telegram re draft of letter to Mr. Roberts
Reserves for contingencies, transfers from surplus
not to be made at present
Salaries:
Employees, noted without objection
Officers, approved
Presidents and First Vice Presidents, maximum,
increase requested by, letter to be
prepared for Chairman
Increase not favored at present, letter
sent to Chairman
southern Research Institute, proposed contribution to,
presentation of matter to Board
Participation in financing, matter referred to
System Research Advisory Committee
Participation in financing not approved by Board
Contribution by FREank not approved, letter to
Mr. Hall advising of recouenciation of
System Research Advisory Coinrilittee
tuff:
Ayers, J. Herbert, former employee, special payment
approved, resignation because of illness
shortly before establishment of retirement
system
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/26 1629
11/ 1 1644
3/29
2/17
495
260
3/29
2/17
495
260
4/17
597
6/ 5
:-,34
3/31
'316
2/12
223
2/ 3
6/ 5
163
•"83
3/31
4/ 3
516
525
12/22 1927
2/28
5/26
313
834
6/20
993
6/29
1044
7/17
1109
7/28 1154
10/17 1578
10/25
1624
10/18
1594
110
Pages
PaBarik of Atlanta: (Continued)
Staff: (Continued)
Barnard, E. G., designation as special assistant exa:Ainer
Bowman, V. ri., Vice President, salary approved
Bryan, .1alco1m H., First Vice President:
Invitation to attend international conference,
discussion of
Requested to participate in international conference
Salary approved
Camp, S. R., Assistant Vice President, salary approved
Clark, L. M., Vice President, salary approved
Conniff, H. F., Vice President, salary approved
Cooper, Paul S., designation as special assistant
examiner
Dennis, W. S., designation as special assistant examiner
Denmark, J. E., General Auditor, salary approved,
on leave for military service
Salary approved
Foushee, R. L., designation as special assistant examiner
Hardin, J. L., designation as special assistant examiner
Junca, Rene' M., designation as special assistant
examiner
McCravey, J. R., Jr., Assistant Vice President,
salary approved
McIlwain, Melvin, designation as special
assistant examiner
McLarin, V. S., Jr., President:
Salary approved
Service credit under Retirement System, record
to be corrected to show full amount of
Neely, Frank H., FRAgent, bond of
Pike, Vdnslow E., Acting General Auditor,
salary approved
Schuessler, S. P., Assistant Vice President,
salary approved
Turman, J. P., General Counsel, salary approved
Varnedoe, Thomas Victor, appointment as examiner,
formerly assistant examiner
A., designation as special
assistant examiner
Viilburn, Adolphus D., designation as special
assistant examiner
Appointment as assistant examiner approved
PRBank of Boston:
Banking quarters, extension of building, architects
authorized to prepare plans for
Value of land of building and of recent purchase,
advice re requested
Charge off of book value of buildings recently
purchased approved, request for authority
to write down book value of land deferred
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/29
5/26
684
834
6/ 6
6/10
5/26
5/26
5/26
5/26
915
946
334
834
L34
834
4/29
4/29
684
684
5/26
834
11/16 1704
12/12 1860
12/12 1860
12/12 1860
/26
334
12/12 1860
5/26
334
1/ 4
2/26
9
3u9
5/26
834
5/26
834
5/26
834
12/ 2
1779
12/12 1E160
12/ 4 1802
12/ 8 1826
1/ 1
2
12/21 1921
12/23 1935
111
Pages
FRBank of Boston: (Continued)
Classification of Group 1 banks for electoral purposes,
no changes contemplated
Classification of Group 3 banks for electoral purposes,
no changes contemplated
Examination of, copy of report left for information of
Chairman and directors, comments requested,
appointment of officer in charge of bank
examination department to be discussed
Fidaotes, supplemental order for printing of
Indebtedness of officers and employees, procedure for
reporting, amendment to, reports to be
requested by and submitted to President
instead of Chairman, no objection to
Insurance, loss-sharing agreement, opposed to report
of Insurance Committee re
Proposed resolution approving extension losssharing agreement of FRBanks, for
adoption by directors
Letter of appreciation on occasion of 30th anniversary
Personnel classification plan:
Changes involving establishment of four positions
approved
Changes involving increases in maximum annual
salaries for twenty positions approved
Change approved
Change approved
Rackemann, Salver & Brewster, payment of fee for examination
of title to pieces of real estate purchased
Regulation , section 4(e), relief for vendors of musical
instruments, investigation to be made re
need for
i-,e3erves against estimated losses on industrial loans,
reduction authorized
Reserves for contingencies, transfer from surplus approved
Reserves for registered mail losses, procedure for
setting up at end of year
Salaries:
Employees, noted without objection, but particular
attention to be given to salary policies of
Officers, approved
Staff:
Bank examination department, appointment of officer
in charge of, to be discussed
Berge, Ansgar R., Assistant Counsel:
Appointment also as Assistant Secretary
and salary approved
Salary approved
Salary as Secretary and Assistant Counsel approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/13 1365
6/16
';76
6/2_3 1014
667
4/:6
6/22 1005
2/29
322
4/ 5
11/13
1680
1/ 7
44
543
220
2/12
6/24 1017
7/25 1141
3/20
442
8/23 1280
12/22 1928
12/29 1962
12/29 1962
3/ 2
5/12
354
745
6/23 1014
2/1 154
5/12 745
8/ 5 1205
112
Pages
FRBank of Boston: (Continued)
Etaff: (Continued)
Bissell, Richard Mervin, Jr., appointment and salary
as Vice President to head research work,
discussion of, more information to be
obtained before action on
Salary approved
BurLe, John F., designation as special assistant
examiner
Campbell, George L., designation as special
assistant examiner
Carrick, Krickel K., Vice President, Secretary,
and Genei-al Counsel, salary approved
until July 31, 1944, date of retirement
Retirement, supplemental payment not approved for
Supplemental payment for retirement not approved
after review of matter, advice to Mr. Creighton
Clemence, Robert Vi., appointment as assistant
examiner approved
Creighton, Albert La., to be invited to attend
meeting on June 6 to discuss plans for
proposed monetary fund and bank
Di Napoli, Ralph J., designation as special
assistant examiner
Dunphy, Raymond J., Alternate Assistant FRAgent,
salary approved, although request for
approval of increase not received
Eddy, halter L., Assistant FRAgent, bond of
Farnam, Ernest P., designation as special assistant
examiner
Farrar, Walter F., clerk in Discount Department,
salary in excess of maximum approved
after assignment as
Finnegan, Francis L., designation as special
assistant examiner
Flanders, Ralph E., President, appointment for
unexpired portion of term and salary approved
Outside business connections, letters re
Fogg, John J.', Auditor, salary approved
Gilbody, Frank C., Assistant Cashier, salary increase
approved for new position
Grcy, Harold, designation as special assistant examiner
Plemen C., designation as special assistant
examiner
11,nnan, Robert W., designation as special assistant
examiner
Harvey, Robert B., Assistant Cashier, salary approved
Howard, John H., Jr., designation as special
assistant examiner
Hult, Ellis G., Vice President, salary approved
Salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/ 5 1516
10/13 1563
9/16
1384
9/16
1384
5/12
745
7/15 1102
7/29
1160
5/22
811
5/31
861
9/16
1384
3/ 2
1/28
354
142
9/16
134
6/17
978
9/16
1384
2/14
4/18
5/12
241
604
745
12/29 1956
9/16 1384
9/16
1384
9/16 1384
745
5/12
9/16 1384
5/12
745
8/ 5 1205
113
Pages
FRBank of Boston: (Continued)
Staff: (Continued)
Hunter, John C., Cashier, salary approved
Lane, Jasper A., Alternate Assistant FRAgent, bond of
Latham, Earle O., Assistant Vice President, salary
increase approved for new position
MacDonald, James D., Examiner, salary in excess of
maximum approved after reclassification
Morrissey, Clifford E., Alternate Assistant FRAgent:
Bond of
Salary approved
Murphy, Edward R., Assistant Cashier, salary approved
Officers, reappointment of
President, resignation accepted,
Paddock, illiam
and special contribution to retirement
allowance and cash contribution approved
Pitman, Carl B., Vice President:
Salary approved
Salary approved
To testify before Senate iAlitary Affairs Committee
in connection with nominations of Mr. Hurley
and Lt. Colonel Heller for Surplus Property
Board, records re Narragansett Machine Company
of Pawtucket, Rhode Island, to be made avail—
able to Committee
Schlaikjer, Oscar A., Counsel, salary approved
Salary as Vice President and General Counsel
approved
Schneider, Robert L., designation as special
assistant examiner
Ltoddaxd, Arthur M., designation as special
assistant examiner
6toile, Lewis E., Alternate Assistant FRAgent,
salary approved, although request for
approval of increase not received
Salary approved
Titus, Douglas, designation as special assistant
examiner
Van Amringe, Roy F., Assistant Cashier, salary approved
Salary increase approved for new position
as Assistant Vice President
Ulliam S., Vice President, designation
as special assistant examiner approved
Appointment as assistant examiner approved
i,aters, Robert E., designation as special
assistant examiner
-hiteman, [lay C., designation as special
assistant examiner
illett, illiam, First Vice President, salary
at present rate approved pending further
action and consideration
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/12
745
1/28
142
12/29 1956
6/17
977
1/28
6/17
142
978
5/12
745
-/ 1
154
2/14
241
5/12 745
'/ 5 1205
12/ 8 1823
5/12
745
8/ 5 1205
9/16
1384
9/16 1384
3/ 2
354
12/23 1933
9/16
134
5/12
745
12/29
1956
6/ 5
883
7/29
1177
9/16
1384
9/16
1384
5/12
746
114
Pages
l'aponk
of Boston: (Continued)
Staff: (Continued)
illett,hilliam, First Vice President: (Continued)
Increase in salary approved after recommendation
by Mr. Flanders and reviev of matter
h.age rates of Boston longshoremen, no objection to
research project to be undertaken
PftBank of Chicago:
Bank examination department, budget approved but criticism
of operation vdthout senior officer in charge
Banking quarters, expenditure for increase in vault
space, no objection to
Budget:
Statistical and analytical function for 1944,
approved at less than re:iuested
Research and Statistical Department, supplemental
budget for 1944 approved
Examination of, copies of report left for information
of Chairman, directors, and President,
comments re,uested
FRnotes, supplemental order for printing of
Holt, Robert N., employment as special counsel in
tax matter approved
agreement, opposed to report
-sharing
insurance, loss
of Insurance Committee re
Recommendation that agreement be expanded to cover
losses now covered by registered mail
and express insurance
Mayer Meyer Austrian & Platt and attorney Robert N. Holt,
employment as special counsel in tlx
matter approved
Personnel classification plan:
Changes covering four positions in Research and
Statistics Department approved
Changes approved
Changes involving Personnel Department approved
Changes involving increases in maximum annual
salaries approved
Changes approved
Changes approved
Changes approved
Changes involving Personnel Department approved
Changes approved
Changes approved
Changes approved
Change approved
Change approved involving establishment of
position of Senior Credit Analyst
Changes approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/25
828
12/18
1902
3/29
502
5/20
801
4/17
597
10/ 7
1542
3/13
2/11
409
217
6/ 5
884
2/29
322
3/10
397
6/ 5
884
1/ 4
2/16
:117
8
254
260
3/21
4/ 5
4/26
455
537
666
5/16
6/ 2
6/21
6/28
7/11
8/ 5
780
875
1002
1037
1082
1206
8/18
8/29
1266
1291
1
115
Pages
FRBank of Chicago: (Continued)
Personnel classification plan: (Continued)
Change involving increase in maximum annual salary
for Chief, Personnel Department, approved
Change involving revision of description of work of
Credit Analyst in Credit Department approved
Regulation WI section 4(e), relief for vendors of
musical instruments, investigation to
be made re need for
Resolution adopted for indemnification of officers,
director, and employees against personal
liability in connection with loss-sharing
agreement of FRBanks, no objection to
6alaries:
Employees, noted without objection
Officers, approved for 1944
Staff:
Bachman, Vdlliam C., Assistant Vice President,
salary approved
Bank Examination Department, need for senior officer
in charge of, plans to be discussed with Board
Black, Allan M., Cashier, salary approved
'3ristow, Edward D., Assistant Cashier, salary approved
bzIlary approved
bron, Harold J., assistant examiner, appointment
and transfer from Personnel Department
approved, without reduction in salary
Busey, Donald Richard, appointment as assistant
examiner, approval subject to liquidation
of loan from bank
Carroll, Phil C., Assistant Cashier, salary increased
Collins, John B., designation as special
assistant examiner
Coppedge, Otis B., appointment as examiner approved,
formerly assistant examiner
Crays, Dwight L., appointment as examiner approved
Dawes, Neil B., Vice President, salary increased
Diercks, W. R., Alternate Assistant FRAgent:
Bond of
Salary as Assistant Vice President and
Chief Examiner increased
Dillard, James H., Vice President, salary approved
Dunn, Charles B., Vice President and General Counsel,
salary increased
Llliott, Daniel Bartlett, appointment as examiner,
formerly assistant examiner
Endres, John J., Auditor, salary approved
Fitzgerald, Dr., physician, retirement system,
benefits for prior service, case mentioned
Franzen, Rolland Arthur, designation as special
assistant examiner approved
as assistant examiner approved
Appointment
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/13
1564
12/29 1960
8/23 1280
3/18
438
2/28
3/21
444
3/21
445
3/29
502
3/21
1/15
3/21
445
2/16
253
314
88
445
4/ 4
528
3/21
445
4/10
r":60
3/18
5/18
3/21
436
787
445
1/13
77
3/21
3/21
445
445
3/21
445
12/ 4 1802
3/21
445
7/29
1164
5/22
9/16
811
1385
116
Pages
ank of Chicago: (Continued)
Ltiff: (Continued)
Garver, 'alter B., payment of tuition and expenses for
two-week course at University of Illinois
approved and leave of absence granted
Harris, Ernest C., Vice President, salary approved
Harris, Lloyd S., designation as special
assistant examiner
Heath, Edward A., Assistant Cashier, salary approved
Hodge, Paul C., Assistant General Counsel and
Assistant Secretary, salary increased
Hopkins, Walter A., Assistant Cashier, salary increased
JoneL, Laurence H., Assistant Cashier, salary approved
i'drchen, Anthony J., Assistant City Paying Teller,
Cash Department, salary in excess of
maximum approved
ho oiler, Edward August, appointment as
assistant examiner approved
T., Assistant Cashier, salary
Clarence
Laibly,
increased
Langum, John K., Assistant Vice President:
Report re indebtedness of and fee for preparation
of booklet on monetary and banking policy
Salary as Vice President increased
Study on monetary and banking policy, arrangement for payment to be discontinued and
matter to be discussed with Mr. Young
To be done by Bank without charge to
Committee for Economic Development
Financial arrangement to be completed,
but not favored by Board
Lassen, Ulliam B., released temporarily to accept
appointment as FaExaminer of Board
Lientz, Keefer Leslie, appointment as assistant
examiner approved
Lies, Mark A., Assistant Cashier, salary increased
Lindsten, F. A., Assistant Cashier, salary increased
Meyer, Louis G., Assistant Cashier, salary approved
Mitchell, George W., leave of absence to conduct
study for Civil Aeronautics Board, no
objection to
iietterstrom, Otto J., Vice President, salary approved
Official, :juestion of organization and caliber of,
weakness of First Vice President and
Senior Vice President discussed
Olson, Arthur L., Vice President, salary increased
Petersen, Ingolf, Assistant Cashier, salary approved
Preston, Howard P., First Vice President, discussion
of, matter to be taken up with Messrs.
Young and Leland
Salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/15
967
94641
10/28
3/21
1640
445
3/21
3/21
3/21
445
445
445
2/28
313
4/ 4
528
5/21
445
V2
2/22
285
3/21
447
4/18
605
2/25
297
261!
3/1
9
3/21
3/21
5
T45
445
445
//
3/
8
3/21
3/21
3/21
446
445
445
3/21
3/21
446
445
117
Pages
FRBank of Chicago: (Continued)
Staff: (Continued)
Purrington, F. L., Assistant Vice President,
salary approved
Roberts, Jesse G., Assistant uashier, salary approved
Saltnes, Carl M., Assistant Cashier, salary approved
Scanlon, Charles J., Alternate Assistant FRAgent,
salary approved
Salary approved
Schelling, Carl, Assistant FRAgent, bond of
Schwessinger, Vd1liam P., designation as
special assistant examiner
Sihler, Alfred T., Vice President, salary increased
Turner, VI. W., Assistant Vice President,
salary increased
Young, Clifford S., President, salary approved
oppa, uharles J., salary approved, in connection
with AFL union requirements
20hierzynskil John, salary approved, in connection
with AFL union requirements
fees under educational proErala,
incidental
Tuition and
no objection to payment of sum for 'ithhcld
taxes in connection with and also for reimbursement to employees of premiums for
National Service Life Insurance
FRBank of Clevelmd:
Examination of, copy of report left for information of
Chairman and directors, cow-tents requested
Gifts, employees with 25 years or more of service,
authorization to officers to purchase gift
for, not approved by Board
LLnd owned in Cincinnati, reduction in carrying
value authorized
Personnel classification plan:
Changes involving increase in maximum annual
salary of Currency Sorter approved
Changes approved
Changes approved
Personnel problems, directors to discuss with Board
at meeting on June 8 or 15
liectUlg of directors with Board to discuss
selection of successor to President Fleming
Reserves for contingencies, transfer from surplus authorized
Reserves for estimated losses on industrial loan authorized
Salaries:
Employees, noted without objection
Officers, annual consideration deferred and
extension of previous approval
Officers, approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/21
3/21
3/21
445
445
445
109
1/21
12/ 9 1334
1/13
77
4/10
3/21
560
445
3/21
3/21
445
6/10
948
6/10
94=i
9/11
1357
5/25
031
3/20
443
44'.
12/22 1928
2./12
4/15
9/20
220
591
1425
5/22
303
933
6/8
12/22 1928
12/22 1928
4/15
591
4/ 3
6/20
523
996
118
Pages
FRBax-ik
of Cleveland: (Continued)
Staff:
Blake, F. J., 1,s5istant Cashier, salary approved
Bolthouse, C. J., Assistant Cashier, salary approved
Brainard, George C., FRAgent, bond of
Carter, E. A., Assistant Vice President:
Salary approved
Supplemental payment to Retirement System,
Board to consider favorably
Granted leave of absence with pay because of
illness until retirement and supplemental
payment to hetirement System approved
Clouse, Roger R., Secretary, salary approved
Cooper, Robert Allison, appointment as assistant
examiner approved
Counsel, payment of special fees approved, in con—
nection with disclaimer re Board's building
Daley, E. W., designation as special assistant examiner
Dennerle, Howard, salary in excess of maximum approved
Donovan, J. G., designation as special assistant
examiner
Eckert, Philip, to assist Mr. Triffin on
Latin American mission
Return from South American trip agreed to,
telegram re
h;mde, George H., Assistant Cashier, salary approved
Erste, Anne J., Alternate Assistant FRAgent:
Salary approved
Granted leave of absence for indefinite period
Appointment and salary approved
Bond of
L., Assistant Cashier, salary approved
Findeisen,
Fleming, M. J., President:
Retirement of, supplemental payment because of
continued service, matter to be discussed
with Ur. Hounds
,-3,,lary approved
Fletcher, W. H., Vice President, salary approved
Potidren, Terrill, designation as special assistant
examiner
Fry, Mrs. Gertrude L., Alternate Assistant FRAgent:
Appointment and salary approved
Bond of
Resignation of
FuLton, W. D., Assistant Vice President,
salary approved
Gardner, Fred C., designation as special assistant
examiner
uidney, Ray U., President, appointment and salary
approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/20
6/20
1/18
997
997
94
6/20
997
9/ 4
)
131,
9/14
6/20
1367
997
5/19
796
6/30 1053
96
1/18
78
1/13
1/18
96
3/22
464
6/27 1032
10/10 154
313
2/28
6/21 1002
7/12 1085
7/26 1144
6/20
997
9/15 1380
997
6/20
997
6/20
1/18
96
6/21 1002
7/26 1144
7/12 1085
6/20
997
1/18
96
9/11 1357
119
Pages
FaBank of Cleveland: (Continued)
Staff: (Continued)
Goddard, R. G., designation as special assistant examiner
Grayson, F. V., Auditor, salary approved
Hafford, L. G., designation as special assistant examiner
Hays, R. B., First Vice President, salary approved
Salary approved
Hostetler, L. A., designation as special
assistant examiner
Hoy, John, salary in excess of maximum approved
Kappanadze, Nicholas J., assistant examiner,
appointment approved
Kreider, Don L., appointment as examiner approved,
formerly assistant examiner
Laning, A. H., Vice President and Cashier,
salary approved
MacKenzie, K. H., Vice President, salary approved
Transfer in bank, discussion of
Manley, ',. :, designation as special assistant examiner
Marshall, J. E., designation as special assistant
examiner
Martin, Charles, designation as special assistant
examiner
'latter, Norman R., Assistant FRAgent:
Bond of
Salary approved
LicFarland, R. L., designation as special assistant
examiner
McLean, Archibald i,., taaminer, recommendation for
commission in Military Goverment Division
not transmitted to ,,ar Department
Morrison, ... M., Assistant Vice President,
salary approved
Nahm, Raymond C., appointment as assistant
examiner approved
Olcott, Viilliam G., designation as special
assistant examiner
President, meeting of directors with Board to discuss selection of successor to Mr. Fleming
Price, John R., designation as special assistant
examiner
Kiffer, John, designation as special assistant examiner
Appointment as assistant examiner approved
Shipacasse, Albert Joseph, assistant examiner,
appointment approved
3mitn, H. E. J., Assistant Vice President,
salary approved
Special assistant examiners, revised list sent to Board
Squire, Sanders and Dempsey, counsel, payment of
retainer fee approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/18
6/20
1/18
6/20
11/11
96
997
96
997
1676
1/18
1/13
96
73
10/14 1570
9/22 1432
997
6/20
997
6/20
10/ 5 1521
96
1/18
1/18
96
1/18
96
94
1/18
8/29 1291
1/18
96
2/21
276
6/20
997
11/17
1712
1/18
96
6/ 8
933
1/18
1/18
11/17
96
96
1712
5/ 6
722
997
6/20
10/13 1563
6/20
997
120
Pages
ank of Cleveland: (Continued)
Staff: (Continued)
Squire, Sanders and Dempsey, counsel: (Continued)
Services in connection vdth disclaimer should
have been covered by retainer fee
Payment of bill for services approved, after
revie, but definition of relationship
with firm to be submitted to Board before
any further bill is presented
Statement of relationship between bank and
firm requested
Ltetzelberger, Paul, salary in excess of maximum
approved after transfer to position of
Manager of Personnel Department
Stewart, John T., Jr., appointment as assistant
examiner approved
F., Vice President, salary approved
Taylor,
Thompson, Donald S., employment for research v,ork,
discussion of
idtzell Calvin G., Registered Mail Clerk, Mail
Department, salary in excess of maximum
approved
FRBank of Dallas:
Anderson Clayton and Co:Apany, advice as to transactions
handled for
Examination of, copy of report left for information of
Chairman and director:), comments requested
Gifts:
Christmas packages to employees in military service,
no objection to expenditure for
Persomiel classification plan:
Changes approved, with the exception of establishment
of position of Economic Advisor
Regulation V, memo prepared for use on, no objection to
by Services, changes suggested by Board
Reserves for contingencies, transfer from surplus authorized
i5Llaries:
Employees, noted without objection
Officers, approved
Presidents and First Vice Presidents, maximum,
increase requested by, letter to be
prepared for Chairman
Increase not favored at present, letter
sent to Chairman
Separation allowance, no objection to payment, but method
of charging payment to be decided later
Not considered as reimbursable
Staff:
Austin, E. B., Vice President and Cashier,
salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/29 1161
8/ 4 1200
12/26
1941
11/17 1712
8/23 1279
6/20
997
10/ 5 1521
9/16 1385
12/16 1883
8/30 1297
7/22 1134
4/25
663
2/4
171
12/22 1928
6/2
663
875
6/20
993
4/25
6/29 1044
6/16 973
7/12 1088
9/16
1385
121
Pages
k of Dallas: (Continued)
Staff: (Continued)
Barber, E. J., Examiner, appointment approved
Childers, C. L., appointment as assistant
examiner approved
Coleman, R. B., Vice President, salary approved
Salary approved
Davis, L. G., designation as special assistant examiner
Appointment and salary as Alternate Assistant
FRAgent approved
Bond of
Deigioss, H. R., Assistant Cashier, salary approved
Salary as Assistant Vice President approved
Appointment as FRExaminer approved
Digings, John W., appointment as assistant
examiner approved
To be released from duties as Alternate Assistant
FRAgent upon the qualification of Hr. Davis
Advice to bonding company of termination
of obligation on bond
Director of Research and Statistics, position
considered as official one
Dolley, James C., Director of Research and Statistics,
salary approved
Position considered as official one
Eagle, W. E., Assistant Cashier, salary approved
Economic Advisor, position approved on part time
basis as temporary expedient but not
approved as part of personnel classification plan
Evans, V. J., Vice President and Secretary of Board
of Directors, salary approved
Fetzer, George I., FRExaminer, military service,
reference to possibility of being drafted for
Ford, W. O., Vice President, salary approved
Salary approved
Gentry, A. D., Vice President and Cashier,
salary approved
Appointment as First Vice President for unexpired portion of term and salary approved
Gilbert, R. R., President, salary approved
Hallman, George R., reemployment after retirement
as examiner on temporary basis approved
Holder, George A., appointment as examiner approved
Holloway, W. H., General Auditor, salary approved
Hudel, E. G., designation as special examiner
Kelly, J. V., FRExaniner, resignation of
Novey, F. T., General Auditor, salary approved
Official, discussion of proposed changes in, in
connection with resignation of Mr. Stroud
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/21 1607
5/12 746
6/2 875
9/16 1385
10/21 1607
11/ 2 1649
11/17 1711
6/2 875
10/24 1615
10/24 1615
8/22 1275
11/ 2 1650
11/17 1711
7/ 8 1077
6/16
972
7/ 8 1077
6/2 875
4/25
663
6/2
875
298
2/25
6/2 875
9/16 1385
6/2
875
9/16 1385
6/2 875
2/25
298
5/12
3/24
746
875
475
2/25
9/16
1385
6/2
298
9/12 1359
122
Pages
itbane, of Dallas: (Continued).
Staff: (Continued)
Research and Statistical Department, program for
sunervision of approved
Rice, Morgan H., Assistant Vice President,
salary approved
Rowland, C. M., Assistant Cashier, salary approved
Russell, James O., designation as special
assistant examiner
Appointment as an assistant examiner approved
Sayles, Allen, Assistant Cashier, salary approved
Segelhurst, T. A., appointment as examiner approved
Smyth, Mac C., Assistant Cashier, salary approved
Stroud, E. B.:
Analysis of Brown-Maybank bills, no
objection to reproduction of
Salary as First Vice President and
General Counsel approved
Resignation of, discussion of proposed changes
in official staff in connection with
Payment for legal services on month
to month basis approved
O., appointment as
Harry
Tennison,
assistant examiner approved
.ebb, R. O., Assistant Cashier, salary approved
PRI3ank of Kansas City:
Examination of, copy of report left for information of
Chairman and directors, comments requested
Personnel classification plan:
Change involving establishment of position of Genera
Clerk in Foreign Funds Control Department
approved
Changes involving increases in maximum annual
salaries for 24 positions approved
FRAgents' Department, salaries of employees in
Establishment of position of economist in Research
and Statistical Department, maximum annual
salary approved, but loher than proposed
Changes approved
Establishment of new positions in Research and
Statistical Department approved
Reserves for contingencies, reduction in proposed
transfer from surplus
Transfer from surplus authorized
Salaries:
Employees, noted without objection, subject to
Board's approval of establishment of
position of General Clerk iq Fiscal Agency
Department at Oklahoma City Branch
Officers, approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/16
972
972
6/16
10/:4 1615
9/ 8 1346
9/15 1383
6/2 875
5/12
746
6/2 875
6/1
268
6/2
875
9/12 1359
9/16
1386
5/12
6/ 2
746
875
10/17 159=
2/12
221
2/17
3/21
261
456
3/29
4/17
496
596
8/ 8 1215
12/22 1927
12/22 1928
4/5
6/1
538
865
123
Pages
Bank of Kansas City: (Continued)
Salaries: (Continued)
President and First Vice President, maximum, increase
requested by, letter to be prepared for Chairman
Increase not favored at present, letter sent
to Chairman
Staff:
Allendoerfer, Maurice, Assistant FRAgent, salary approved
Caldwell, Robert B., FRAgent, bond of
Earhart, L. H., Vice President, appointment and
salary approved, formerly Managing
Director of Omaha Branch
Gregory, G. A., Assistant Vice President, salary aproved
Hall, Raymond iv., Vice President, General Counsel,
and Secretary, salary approved
Salary approved
Hardy, Charles O., Vice President, salary approved
Koppang, Henry U., First Vice President, salary approved
LaRose, Sylvester, designated special assistant examiner
Leedy, H. G., President:
Absent from meeting of Presidents with
Board on account of illness in family
Ballot cast for, as alternate member of Federal
Open Market Committee by FRBank of
lainneapolis
Salary approved
Olson, Joseph E., Vice President, appointment and
salary approved, formerly Managing Director
of Denver Branch
Park, a,. VV. E., Assistant Cashier, salary approved
Phillips, John, Jr., Assistant Vice President:
Mutilation of plate bearing signature,
FRSystem represented by Mr. DeLaLater
Salary approved
Pipkin, G. H., Vice President, appointment and
salary approved, formerly Managing
Director of Oklahoma City Branch
Robb, Thomas Bruce, Alternate Assistant FRAgent:
Bond of
Salary approved
Sandy, C. E., Auditor, salary approved
Self, Kenneth, Alternate Assistant FRAgent, salary
approved, and former increase noted and approved
Sherman, E. U., Assistant Cashier, salary approved
Taylor, Robert AI., deceased, name removed from
list of special assistant examiners
Tyner, E. P., Assistant Cashier, salary approved
Vice President and Cashier,
4400lley, D.
salary approved
Young, V. R., voucher for travel expenses and
additional expenditure for roomette approved,
in connection with examination of Salt Lake
http://fraser.stlouisfed.org
City Branch
Federal Reserve Bank of St. Louis
6/20
993
6/29
1944
2/17
3/29
260
495
1/ 8
6/ 1
48
866
109
1/21
866
6/ 1
866
6/ 1
866
6/ 1
12/20 1915
12/11
1838
1/26
6/ 1
139
866
1/ 8
6/ 1
48
866
1/20
6/ 1
107
866
I/ 3
48
3/29
6/ 1
495
866
6/ 1
866
2/17
260
866
6/ 1
12/20 1915
e66
6/ 1
6/ 1
866
7/13 1094
124
Pages
FR18ank Of Minneapolis:
Conference with Armed Services on August 21, one
representative of bank to attend
Examination of, copy of report left for information of
Chairman and directors, conmients requested
FRnotes, supplemental order for printing of
Insurance, registered mail, resolution accepting plan of
Insurance Committee for, no objection to
Personnel classification plan:
Changes approved
Change approved involving establishment of
position of Director of ttesearch
Change approved
Reserve for industrial loans, instructions re distribution
Reserves for contingencies, transfers from surplus
not approved
Salaries:
Employees, noted without objection
Officers, approved
Staff:
Baker, R. D., Assistant Cashier, salary a,iliroved
Coffey, Walter C., FRAgent, bond of
Core, H. C., Personnel Officer, salary increase approved
Johnson, John, Alternate Assistant FRAgent, bond of
Kelly, Douglas C., appointment as assistant
examiner approved
Larson, A. R., Assistant Cashier, salary approved
Larson, E. B., Assistant Vice President,
salary approved
Lysen, M. E., Operating Research Officer,
salary approved
McConnell, H. G., Assistant Vice President,
salary increase approved
McNulty, Arthur J., appointment as assistant
examiner approved
Cashier and Secretary, salary
A.
increase approved
O'Brien, Ulliam A., designated special assistant examiner
Appointment as assistant examiner approved
Officers, advice of reappointment
Ohnstad, O. W., Auditor, salary approved
Peterson, William E., Assistant Cashier, salary approved
Peyton, J. N., President:
Ballot cast for, as member of Federal
Open Market Committee
Salary approved
Powell, Oliver S., First Vice President and
Secretary of the Board:
Copies of chart on responsibilities of directors
of FRBanks to be furnished for distribution
to class at Graduate School of Banking
Salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/ 9 1222
4/10
4/22
561
648
1/17
92
6/15
968
8/23 1280
8/ 5 1205
12/23 1935
12/23 1935
3/2
4/a
356
633
4/21
4/25
4/21
639
658
4/14
639
587
9/ 7 1338
4/21
639
4/21
639
4/21
639
4/21
639
9/ 7 1338
4/21 639
5/3 699
9/ 7 1338
1/26 139
4/21 639
4/21 639
1/26
139
4/21
639
1/5
14
4/21
639
125
Pages
FRBank
of Minneapolis: (Continued)
Staff: (Continued)
Preston, Otis R., Vice President, salary approved
Strothman, U. H., Jr., Assistant Counsel,
salary approved
Swanson, E. VI., Vice President, salary approved
Turner, W. H., Assistant Cashier, salary approved
Ueland, Sigurd, Vice President and Counsel:
Retirement system, benefits for prior
service, case mentioned
Salary approved
Upgren, Arthur H., Vice President:
Requested to participate in international conference
Salary approved
Ziemer, Harry I., Vice President, salary approved
RBank of New York:
Anderson Clayton and Company, report re transactions
in connection with operations of,
sent to Honorable Tom Connally
Brief filed in case of John Barr v. United States,
involving certification of "official"
and "free" rates for pounds sterling,
no action to be taken by Board re
Central Bank of Turkey, official offered opportunity to
study FRSystem and commercial banLs,
telegram re
Examination, confirmation of foreign accounts in
connection with
Confirmation of foreign accounts in connection with
FRnotes:
Loss of mail shipments by sinking of steamships,
adjustment procedure
Loss of mail shipments to Virgin Islands and Puerto
Rico, proposed transaction re adjustment
approved
Supplemental order for printing of
Fiscal agency operations at branches, opposition to
expansion at Buffalo, discussion of
Foreign accounts:
Authority to purchase Government securities for,
increased to $1,000,0001000
Authority to purchase Government securities for,
limitations removed, Board to be advised
of total investments
Bank voor Nederlandsch-Indie N. V., authority
for opening and maintaining
Norges Bank, authority for opening and maintaining
Foreign Department, mail sent to Board to be
addressed to Secretary's Office
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/21
639
4/21
4/21
4/21
639
639
639
7/29 1164
4/21
639
6/10
4/21
4/21
946
639
639
12/16 1883
12/22 1923
3/ 2
356
131
1/24
10/14 1572
2/ 4
172
6/ 1
6/ 9
870
942
2/22
278
2/24
295
12/27 1950
5/22
4/20
811
630
4/13
573
126
Pages
ank of New York: (Continued)
Insurance:
;Joss-sharing agreement, opposed to report
of Insurance Committee re
Registered mail and express losses, plan, condition
imposed upon approval, removal desired by
Board
Overtime payments, change in basis for, plan b:sed on
fixed work week, no objection to
Personnel classification plan:
Changes approved
Changes approved
Changes approved
Changes approved
Change approved
Change approved, involving increase in maximum
annual salary for Account—at, Foreign
Department
Postage stamps, sale of cancelled 1,merican not favored
Regulation VI:
Section 4(e), relief for vendors of musical instruments, investigation to be made re need for
of directors, revised statement, objecilities
Responsib
tions to procedure re, action postponed
until after meeting of Chairmen's Conference
Salaries:
Employees, noted without objection
Officers, approved
2/29
322
4/29
687
2/ 7
175
2/ 4 167
2/15
248
6/ 2 875
7/18 1120
7/25 1141
9/20 1424
7/29 1165
8/23 1280
5/ 5
713
2/28
4/ 5
313
4/ 5
535
534
Staff:
Abrahams, William F., Manager, Security Custody
Department, salary approved
Alexander, Frederick J., appointment as examiner
approved
Allen, Loren B., Manager, Credit Department,
salary approved
Barrows, Dudley H., Manager, Cash Department,
salary approved
Bilby, Harold A., Manager, Check Department,
salary approved
Boston, Lyon, Special Attorney, salary approved
Boyd, Donald G., appointment as assistant examiner
approved
M., Manager, Savings Bond Redemption
Harry
Boyd,
Department, salary approved
Brome, Robert H., Assistant Counsel and Assistant
Secretary, salary approved
Burt, Wesley W., Manager, Government Bond
Department, salary approved
Cameron, Donald J., Assistant General Auditor,
salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1L/12 1558
4/ 5
535
4/ 5
535
4/ 5
3/31
535
514
5/16
780
4/ 5
535
4/ 5
536
4/ 5
535
4/ 5
536
127
Pages
PRBank of New York: (Continued)
Staff: (Continued)
Chamberlin, Lester A., appointment as assistant
examiner approved
Clarke, John J., Special Attorney, salary approved
Cooper, Norman C., Alternate Assistant FRAgent:
Bond approved
Salary approved
Salary apnroved
Davis, Felix T., Manager, R. F. C. Custody
Department, salary approved
Davis, Norman P., Manager, Foreign Funds Control
Department and Security moans Department,
salary approved
F., Cash and Collection Function,
Joseph
Delaney,
assignment and salary approved for
further period of six months
Continuation of assignment and salary approved
Dillistin, V4illiam H., General Auditor, salary approved
Douglas, Edward 0., Assistant Vice President,
salary approved
Drenning Herman J., ap-Dointment as examiner
approved, formerly assistant examiner
Farnon, Joseph H. P., Alternate Assistant FRAgent,
salary approved
Ferguson, George W., Assistant Vice President,
salary approved
French, Edwin C., Manager, Collection Department,
salary approved, and reapDointment for
period through March 31, 1944 noted
Freund, Walter L., designation as special
assistant examiner
Frost, I. P., Chief of Cash Custody Division,
salary in excess of maximum approved
Gidney, Ray M., Vice President, salary approved
Gordon, Clifton R., Special Attorney, salary approved
Hallinan, James, Assistant Shipping Clerk, salary in
excess of maximum apDroved until retirement
Haraldson, Wesley C., loan to Board temporarily for
work on survey of bank deposits and salary
arrangements approved
Appointment as Economist w,th Board and salary
approved, arrangement with Bank to continue
until Jule 33
Reimbursement to Bank by Board for loan of services
Harris, Marcus A., Manager, securities Department,
salary approved
A., Manager, Personnel Department,
William
Heinl,
salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/30
3/31
506
514
2/4
1/25
167
12/22
134
1930'
4/5
535
4/ 5
535
11/24 1742
12/ 9 1834
536
4/ 5
4/5
534
5/16
780
12/22
193.1.
4/ 5
535
1/15
88
5/16
780
9/ 9 1352
4/5 534
7/12 1085
3/18
435
3/17
428
6/3 878
9/18 1411
4/ 5
535
4/5
535
Pages
FRB
ank of New York: (Continued)
Staff: (Continued)
Johnson, Norris 0., Manager of Research Department:
Leave of absence with pay for one month commencing upon termination of vacation to restore
health, prior approval of Board not necessary for
Salary approved
Jones, J. W., Vice President, salary approved
Salary approved
Kemmlein, C. William, assistant examiner,
appointment approved
Kettner, William M., Manager, Security Custody
Department, reappointment for period
through March 31, 1944, noted
Kimball, Herbert H., Assistant Vice President,
salary approved
Vice President:
Knoke,
Present at meeting of Board to discuss views on
international fund and bank, prior to
conference at Bretton Woods
Salary approved
Suggested as member of technical staff at
International Conference at Bretton Woods
Liddy, Daniel J., Manager, Foreign Department,
salary approved
Logan, Walter S., Vice President and General
Counsel, salary approved
McCarthy, F. Sanford, Jr., designation as
special assistant examiner approved
McLaughlin, Michael J., Manager, Accounting
Department, salary approved
Miller, Silas A., Assistant Vice President,
salary approved
Newilouse, John D., designation as special
assistant examiner approved
Officers, appointment until 1945, with exception
of President and First Vice President
and Messrs. French and Kettner
Peterson, Franklin E., Manager, Bank Relations
Department, salary approved
Salary approved
Phelan, Arthur, Vice President, salary approved
Salary approved
Research department, appointment of principal
supervisory personnel, procedure discussed
itcynolds, Mrs. Edna K., Alternate Assistant
FRAgent, salary approved
Salary approved
Rice, James 1., Vice President, salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/i
4/ 5
1/15
4/ 5
692
535
88
534
10/12 1558
1/15
88
4/5
535
6/6
14/5
836
534
6/19
985
4/ 5
535
4/ 5
534
V16
780
4/ 5
535
4/ 5
535
5/16
780
1/15
88
1/15
4/5
1/15
4/ 5
88
535
88
534
8/14 1240
1/25
134
12/22 1931
534
4/5
129
Pages
PRBank of New York: (Continued)
Staff: (Continued)
Eoelse, Harold V., Assistant Vice President,
salary approved
Rounds, Leslie It., First Vice President,
salary approved
Rouse, Robert G., Vice President, salary approved
Ruml, Beardsley, FRAgent, bond approved
Sanford, Horace L., Assistant Vice President,
salary approved
Scheffer, Ralph ., assignment to esearch Department for further period of six months
approved
Scott, Ralph C., assistant examiner, appointment
approved
Sheehan, Vdilliam F., Manager, Bank Examinations
Department, salary approved
Salary as Chief Examiner approved
Smith, I. B., Manager of Government Check Department, to continue as, formerly Manager
of Bank Relations Department and
Government Check Department
Salary approved
Sproul, Allan, President:
Amendment to section 13b of FRAct, letter re
comments on and Er. Draper's reply after
discussion of matter
Meetings of Federal Open Market Comnittee,
to work out plan with Mr. Eccles for
attendance at
Present at Board meeting to discuss viev,s on
international fund and bank, prior to
conference at Bretton 'Poods
Salary approved
Stabilization plan, views opposing plan
as proposed
Steadman, Edward G., appointment as examiner approved
Stocker, Frederick, Manager, Cash Custody
Department, salary approved
Stryker, Jere V. D., Assistant FRAgent, bond approved
Tamagna, Frank:
Arrangements on part-time basis for assisting
Board in State Department studies re
Japanese reparations, approved
Travel voucher for September approved
Tiebout, Todd G., Assistant General Counsel,
salary approved
Treiber, William F., Assistant Counsel and
Secretary, salary approved
Trimble, Rufus J., Assistant General Counsel,
salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/ 5
535
4/ 5
4/ 5
12/29
534
534
1960
4/ 5
535
8/26
1287
10/12 1558
536
4/ 5
12/16 1882
1/1
4/ 5
88
536
5/25
824
3/ 1
347
6/ 6
4/ 5
885
534
6/ 6
3/30
892
506
536
4/ 5
:1/ 4 • 167
10/ 7 1539
10/4 1616
4/ 5
535
4/ 5
536
4/ 5
535
130
Pages
FaBarik of New York: (uontinued)
Staff: (Continued)
Van Houten, Charles N., Manager, Safekeeping
Department, salary approved
Van Loan, George W., uhief, Collection Division,
salary in excess of maximum approved
Vohringer, Louis, appointment as assistant
examiner approved
V,endell, Roy E., Manager, Collection Department,
salary approved
Ulliams, John H., Vice President:
Change in method of calculating compensation
for part-time service approved, professional employment to be confined to
Harvard and the Heserve Bank
International monetary stabilization,
suggestion that he refrain from
making public statements on
International stabilization plan,
statement presented
Mentioned as possible member of
international conference staff
Question of attending international monetary
conference as member of technical staff
Present at Board meeting to discuss vies on
international fund and bank, prior to
conference at Bretton Woods, statement re
Salary apiroved, with provision for
part-time service at Bank
eillis, Valentine, Vice President, salary approved
Salary approved
“iltse, Reginald B., Vice President, salary aporoved,
designated officer in charge of Bank Examination Department and appointed examiner
aisham, 'Alliam M., appointment as assistant
examiner approved
Appointment as examiner approved
"iairtz, John H., Manager, Government Bond
Department, salary approved
FR8brik of Philadelphia:
Currency notes, temporary storage for State Bank
of Ethiopia, approved
Differential payment of luncheon money for employees
assigned to new location, no objection to
Examinations:
Cooperative arrangement with FRBIank of eichmond
for assistance of examiners approved
Report submitted for consideration of directors
Personnel classification plan:
Changes involving increases in maximum
annual salaries approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/5
556
5/12
746
3/30
506
4/5
536
4/5
536
4/21
635
6/6
898
5/31
855
6/19
(pa.
6/6
886
L/ 5
4/ 5
53L
88
534
12/16
1882
1/15
3/30
506
5/16
780
4/5
536
8/26
1287
5/17
785
2/ 3
5/5
163
718
2/17
259
131
Pages
ank of Philadelphia: (Continued)
Personnel classification plan: (Continued)
Changes involving establishment of position of Director
4/4 528
of aesearch and maximum annual salary approved
7/24 1136
Changes approved
Department
Changes involving Research and Statistics
11/22 1730
and Transit Department approved
musical
of
Regulation W, section 4(e), relief for vendors
instruments, investigaticn to be made re
8/23 1280
need for
12/22
1928
authorized
surplus
from
Reserves for contingencies, transfer
suggestions
FRBanks,
of
Responsibilities of directors
116
1/22
received from
Salaries:
468
3/23
Employees, noted without objection
4/29 683
Officers, approved
Staff:
366
3/ 4
Allan, John Y., designation as special assistant examiner
2/4 167
Anderson, Gerald Li., FRExwainer, appointment approved
Blazley, Helene, designation as special assistant
9/29 lf-,03
examiner
Bopp, Karl R., Director of Research:
912
6/6
Monetary fund, discussion of
Present at Board meeting to discuss views on
international fund and bank, prior to
6/6 886
conference at Bretton Woods
aepresentative of FRBanks at international
6/6 915
monetary conference suggested
Requested to participate in international
conference and also attend meeting of
6/10 945
technical group at Atlantic City
Salary as officer of Bank,increase approved,
8/ 1 1183
if directors take action
8/ 5 1205
Salary as officer approved
Brews, Catherine E., designation as special
9/29 1503
assistant examiner
Catanach, 1a1lace M., Assistant Cashier, salary
4/29 683
approved
12/14
1869
approved
salary
Cobb, illiam D., Assistant Cashier,
salary
Coleman, P. F., Assistant Vice President,
4/29 683
approved
assistant
Cooper, Ruth A., designation as special
3/4 366
examiner
special
as
Crozier, illiam H., Jr., designation
3/ 4 366
assistant examiner
4/29
663
approved
salary
President,
Vice
Davis, W. J.,
President,
Vice
Assistant
E.,
L.
Donaldson,
4/29 683
salary increase approved
Dougherty, Kathryn T., designation as special
57
1/11
assistant examiner approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
132
Pages
of Philadelphia: (Continued)
Staff: (Continued)
Drinnen, Frank J., First Vice President,
salary approved
Duffy, Emma, designation as special assistant
examiner approved
Durkin, Timothy A., Jr., appointment as
FRExatiner approved
Eastlack, Rachael, designation as special
assistant examiner
Eels, Marcella P., designation as special
assistant examiner approved
Employees assigned to new location, differential
payment of luncheon money for, no
objection to
Frederick, Jean B., designation as special
assistant examiner
Fulford, Agnes L., designation as special
assistant examiner approved
Green, Dorothy c., designation as special
assistant examiner approved
Hilkert, Robert N., Assistant Vice President,
salary approved
Salary approved
Hill, E. C., Vice President, salary approved
Kerns, Edward D., designation as special
assistant examiner
Kline, Norma B., designation as special
assistant examiner
i:ohler, Helen B., designation as special
assistant examiner
Krost, Martin, employment on temporary basis
for work on research project noted,
daily compensation and per diem to
be absorbed by Bank
Layton, Jane R., designation as special
assistant examiner
Lilley, Virginia M., designation as special
assistant examiner
Lohse, Lena M., designation as special
assistant examiner
Lucas, H. Jane, designation as special
assistant examiner
:4acCoy, Brittain, Evans and Lewis, retainer fee approved
MacTague, Samuel G., designation as special
assistant examiner
Maguire, Ethel F., designation as special
assistant examiner
Bernice
A., designation as special
Manion,
assistant examiner
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/29
683
1/11
57
6/ 1
864
9/29
1503
1/11
57
5/17
725
3/ 4
366
1/11
57
1/11
57
4/29 683
11/ 6 1663
683
4/29
11/ 3 1659
1/11
57
1/11
57
7/20 1128
1/1L
57
1/11
57
9/29 1503
1/11
4/29
57
623
5/ 4
366
1/11
57
1/11
57
133
Pages
FRBank of Philadelphia: (Continued)
Staff: (Continued)
Marriott, Evelyn F., designation as special
assistant examiner
Matuck, Olga B., designation as special
assistant examiner
McCabe, Thomas B., FRAgent, bond approved,
effective as of date of execution
McCreedy, William G., Assistant Vice President
and Secretary, salary approved
McCullough, Marie H., designation as special
assistant exa:diner
McCurdy, Emily, designation as special
assistant examiner
McIlhenny, C. A., Vice President and Cashier,
salary approved
McKenna, Mary, desioAion as special
assistant examiner
McLeister, Marjorie D., designation as special
assistant examiner
McNamara, Pauline V., designation as special
assistant examiner
Monks, Rosemary L., designation as special
assistant examiner
Moody, Marjorie IV., designation as special
assistant examiner
Mueller, Mildred E., designation as special
assistant examiner
Muhs, Cora, designation as special assistant
examiner
Neill, Elizabeth M., designation as special
assistant examiner
0 Rourke, Margaret M., designation as special
assistant examiner
Orrell, Florence, designation as special
assistant examiner
Poillendale, Eugene a., designation as special
assistant examiner
Poorman, Philip Mip, General Auditor, salary approved
Przygoda, Fay M., designation as special
assistant examiner
Rehfuss, J. Frank, Alternate Assistant FRAgent,
bond approved
Ricciardi, Elizabeth M., designation as
special assistant examiner
Salkeld, Edith M., designation as special
assistant examiner
Schaum, Margaret G., designation as special
assist-it examiner
Schoonmaker, Harold E., appointment as
assistant examiner
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/11
57
1/11
57
1/22
145
4/29
63
1/11
57
9/29 1503
4/29
683
1/11
57
1/11
57
1/11
57
1/11
57
9/29 1503
1/11
57
9/29 1503
9/29 1503
1/11
57
3/ 4
366
3/4
4/29
366
683
9/29 1503
1/28
146
1/11
57
1/11
57
1/11
57
3/24
475
134
Pages
k of Philadelphia: (Continued)
Staff: (Continued)
Schwaiger, Clare, designation as special
assistant examiner
Scott, Joseph T., designation as special
assistant examiner
Shumaker, Victor H., designation as special
assistant examiner
Sienkiewicz, C. A., Vice President:
Salary increase approved
To serve as assistant to Mr. Folsom on Colmer
Post-er Planning Committee of the House,
on part-time basis
Smith, Andrew a., designation as special
assistant examiner
Stopper, Mary A., designation as special
assistant examiner approved
Toner, Becnadetta E., designation as special
assistant examiner approved
Toy, James M., Assistant Cashier, salary approved
Veghte, John C., designation as special
assistant examiner
Walder, Alliam, designation as special
assistant examiner
1%alker, Arthur E., designation as special
assistant examiner
V.allazz, Josephine J., designation as special
assistant examiner
Walton, Elsie M., designation as special
assistant examiner
elsh, Frances H., designation as special
assistant examiner
illiams, Alfred H., President:
Present at Board meeting to discuss views on
international fund and bank) prior to
conference at Bretton t‘oods
Salary approved
Winchell, J. Donald, designation as special
assistant examiner
Unton, Beatrice A., designation as special
assistant examiner
kic..nnk of Richmond:
Examination report, copy left for information of Chairman
and directors, comments requested
Examinations, participation of examiners of one FRBank
in examination conducted by another FIZBank,
approved, in connection vdth FRBanks of
Philadelphia and Atlanta
FEnotes, supplemental order for printing of
Supplemental order for printing of
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/29 1503
9/29 1503
9/29
1503
4/29
683
5/22
805
3/4
366
1/11
57
1/11
4/".,9
57
683
13/4
366
9/29 1503
3/ 4
366
9/29
1503
9/29 1503
1/11
57
6/6
4/29
885
683
V 4
366
1/11
57
1/8
50
2/ 3 163
5/1 694
9/25 1486
135
Pages
PRBank of Richmond: (Continued)
Overtime payment for cafeteria employees, approved
Personnel classification plan, changes involving increases
in maximum annual salaries approved
Changes approved
Change involving establishment of position of
Utility Clerk in Accounting Department
approved, action re other changes to be
withheld pending receipt of revised
certificates
Changes approved
Changes involving Auditing Department approved
Reserves for contingencies, transfers from surplus
not to be made at present
Salaries:
Employees, noted without objection
Officers, approved
Increases for certain officers, letter to
Joint Committee on Salaries and ages on
Presidents and First Vice Presidents, maximum,
increase in, requested by, letter re
to be prepared for Chairman
Increase not favored at present,
letter sent to Chairman
Increase in maximum favored by,
letter to Board noted
Staff:
Brock, R. 6., Jr., Auditor, salary approved
Cafeteria employees, payment of overtime approved
Cnalkley, C. R., designation as special
assistant examiner
Daane, Dev,ey, designation as special
assistant examiner
Dillard, V.. V.., Assistant Cashier, salary approved
Duggan, A. A. designation as special
assistant examiner
Fry, J. G., Vice President, salary approved
Gibson, Terrice C., Alternate Assistant FRAgent:
Bond of
Resignation of
Guthrie, Claude L., Assistant Cashier, salary approved
Heinrich, A. C., Jr., designation as special
assistant examiner
Higgason, Beverley P., Alternate Assistant FRAgent:
Appointment and salary approved
Bond of
Salary approved
Horigan, John C., appointment as assistant
examiner approved
Johnstone, Albert S., Assistant Cashier, salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/ 2
695
1/17
4/10
90
560
7/12 1086
8/ 3 1195
11/22 1730
12/22 1927
374
3/7
5/23
814
5/29
844
6/20
993
6/29 1044
7/29 1162
5/23
5/ 2
814
695
4/24
651
10/19 1598
814
5/23
4/24
5/23
651
814
77
1/13
6/26 1024
814
5/23
4/24
651
6/26 1024
7/13 1090
12/13 1863
9/16 1384
5/23
814
136
Pages
FRBank
of Richmond: (Continued)
Staff: (Continued)
Joyner, Charles G., designation as special
assistant examiner
Keesee, George H., Cashier and Secretary,
salary approved
Kincaid, E. A., Consulting Economist, salary approved,
subject to time spent at bank, no additional
allowance to be made for traveling expenses
Knapp, J. C., designation as special
assistant examiner
LaMar, Eugene M., designation as special
assistant examiner
Landrum, Frank E., designation as special
assistant examiner
Lassiter, Robert, FRAgent, bond approved
Leach, Hugh, President, salary approved
Lewis, Herbert I., assistant examiner,
resignation noted
Mann, James R., assistant examiner,
appointment approved
Mercer, Roger IA., Vice President, salary approved
Noftsinger, R. C., designation as special
assistant examiner
Nosker, John L., appointment as assistant examiner
approved, indebtedness to building and
loan association noted
Nunnally, Melvin B., designation as special
assistant examiner
P., designation as special
E.
Parham,
assistant examiner
Richardson, A. L., Jr., designation as
special assistant examiner
Schumann, E. V., designation as special
assistant examiner
Shepherd, Robert L., Assistant FRAgent, bond of
Short, R. T., examiner, resignation noted
Siler, J. Hammond, designation as special
assistant examiner
Singleton, Hugh C., designation as special
assistant examiner
Strathy, Clair B., Assistant Cashier, salary approved
Tingle, James P., appointment as assistant FRExaminer
Vaughan, Elmore, designation as special
assistant examiner
alden, John S., Jr., First Vice President,
salary approved
G., Counsel, salary approved
2axmell
Vaalace,
Assistant Cashier, salary approved
Jr.,
Edward,
Aaller,
salary approved
President,
Vice
4.,
E.
fdayne,
Salary approved
designation as special
V,hite, Carl
http://fraser.stlouisfed.org
examiner
assistant
Federal Reserve Bank of St. Louis
11/11
1677
5/23
814
3/2
356
4/24
651
11/11
1677
4/24
1/13
651
5/23
77
814
9/16 1384
10/11 1554
5/23 814
4/24
651
6/5
883
10/19 1598
10/19 1598
4/24
651
4/24 651
77
1/13
9/16 1384
10/19 1598
10/19 1598
5/23 814
12/12 1860
10/20 1605
5/23
5/23
5/23
5/23
814
814
814
10/19
1598
814
12/22 1931
137
Pages
Ff43ank of Richmond: (Continued)
boar loans, advance of funds to purchase on behalf of
;ar Department loan to Convenience, Inc.,
Greenville, South Carolina
FRBank of St. Louis:
Banking quarters, purchase of additional property,
no objection to
Adjoining property, certificate of title to be
obtained for as guarantee of matters
for five years, noted
No objection to lettiilg contract for wrecking
overhead bridge
Classification of banks for electoral purposes, no
changes to be made for election of
Class A and B directors
Conference vdth Armed Services on August 21, one
representative of bank to attend
Eo'camination of, report presented at meeting of directors,
suggestions being considered, revised pro—
cedure re collateral for FRnotes to be adopted
FRnotes:
Supplemental order for printing of
Supplemental order for printing of
Files, revision of, Miss Poeppel to make trip to
St. Louis for suggestions re
Personnel classification plan:
Changes involving Bank Examination Department approved
Changes involving establishment of ne-:; positions approved
Change involving reestablishment of position of
Teletype Operator approved, advice re
page number requested
Changes approved
Changes approved
Changes approved
Changes approved
Changes approved involving reorganization of
Research Department
Change establishing position of Head waitress
Hepresentatives to act as joint custodians of securities
pledged with FRAgent, authority to designate
aeserves against industrial loans, additional authorized
heserves for contingencies, transfer from surplus authorized
Salaries:
Employees, noted without objection
fficers, approved
&taffO:
Arthur, L. K., Assistant Vice President,
salary increase approved
Attebery, O. M., Vice President, salary approved
BAley, L. H., General Auditor, salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/7
374
4/28
677
5/24
818
11/17
1715
8/ 8
1216
8/
9 1222
7/28
1154
1/11
6/27
61
1034
7/15
1106
1/26
2/12
139
221
3/4
4/20
5/10
628
366
737
6/10 949
8/ 2 1187
8/30
11/27
1295
1749
8/12 1233
1422 1928
12/22 1928
3,17
6/1
6/i
6/1
6/1
374
s64
865
364
865
138
Pages
PRBank of St. Louis: (Continued)
Staff: (Continued)
Briegql, Vincent F., designation as special
assistant examiner
Cange, Melvyn P., payment of voucher to FRBank of
San Francisco for services in examination
of Axton-Fisher Tobacco Company
arstarphen, L. H., General Counsel, salary approved
uourtney, Harold J., appointment as assistant
examiner approved
Crause, Charles G., FRExaminer, to be returned
after temporary appointment on staff
of Board
Davis, Chester C., President:
International stabilization plan,
opinion on management of
Present at Board meeting to discuss views on
international fund and bank, prior to
conference at Bretton Aoods
Salary approved
Edmiston, H. H., Vice President:
Representative of FRBanks at international
monetary conference suggested
Requested to participate in international
conference
Salary approved
Jerome H., Director, Operations Analysis
and Planning Department:
Payment of voucher to FRBank of San Francisco
for services in examination of AxtonFisher Tobacco Company
Salary approved
Gilmore, S. F., Assistant Vice President, salary approved
Hall, F. N., Assistant Vice President, salary approved
Hedrick, Gerald Eugene, appointment as
assistant examiner approved
Hitt, F. Guy, First Vice President, salary approved
Hollocher, G. 0., Assistant Vice eresident,
salary approved
Krost, Martin, consulting economist, employment on
temporary basis and monthly salary with
traveling expenses, noted without objection
Leach, Charles E., appointment as examiner approved
Mueller, Fred J., payment of voucher to FRBank of
San Francisco for services in examination
of Axton-Fisher Tobacco Company
Nardin, Ulliam T., FRAgent, bond of
Parker, Frank S., Assistant FRAgent:
Bond of
Salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/22
1133
8/19
6/ 1
1:170
365
8/ 5
1206
6/29
1043
6/ 6
896
6/ 6
6/ 1
085
064
6/ 6
915
6/10
6/ 1
946
865
0/19
9/ 9
6/ 1
6/ 1
1270
1352
065
865
9/26
6/ 1
1489
264
6/ 1
865
4/25
10/31
663
1641
2/19
1/19
1270
103
1/19
7/25
103
1142
139
Pages
FtiBank of St. Louis: (Continued)
Staff: (Continued)
Peterson, valliam E., Vice President, designation as
officer in charge of Examination Department
and increase in salary approved
Powers, Alfred H., appointment as examiner approved,
formerly assistant examiner
Smith, annie, Alternate Assistant FRAgent,
salary approved
Stewart, C. la., Vice President and Secretary,
salary approved
V4eigell H. H., Assistant Vice President,
salary approved
'Lehner, Eaward A., Alternate Assistant FRAgent:
Bond of
Salary approved
•
F
aBanK of San Francisco:
Banking quarters, no objection to proposed purchase
of property
Excise taxes payable by FRBanks, letter to Mr. Earhart on
FRnotes:
Hawaiian overprinted notes for use in Central
Pacific area, question of further production to be discussed at Presidents'
Conference
Supolement-,1 order for printing of, for use in Hawaii
Supplemental order for printing of, for use in Hawaii
Supplemental order for printing of, for use in Hawaii,
and letter to Mr. Clerk re
Supplemental order for printing, to cover notes
vdth Hawaiian overprinting
Insurance, loss-sharing agreement, opposed to r port
of Insurance Committee re
Overtime payments, investigation re, discussion at
meeting of Presidents with Board
Personnel classification plan:
Changes approved
Changes approved
Changes approved, except establishment of position
of Assistant Director of Research and
abolishment of position of Assistant Chief
in Research Department
Revised certificates for increases in maximum annual
salaries approved and forwarded to Joint
Committee on Salaries and ages
Changes approved, involving establishment of position of Assistant Director of Research
Maximum annual salary for positicn of Chief
Examiner approved
Change involving revision of description of
work of Chief Examiner approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/ 1
865
3
4
9/22
1433
6/ 1
864
6/ 1
865
1/
103
1/19
8/23 1280
7/15
7/15
1106
1105
5/6
1/10
2/10
723
55
193
5/13
751
6/24 1018
2/29
322
9/22
1441
684
4/29
7/13 1091
9/26
1490
10/12 1558
10/31
1641
12/ 8
1826
12/29
1961
7
140
Pages
FRBank of Son Francisco: (Continued)
Reserves for contingencies, transfer from surplus authorized
Salaries:
thployees, approved
Officers, approved
Staff:
Agnew, A. C., General Counsel:
Retirement system, benefits covering prior
service approved, not to be considered
precedent for future cases
Salary approved
Armstrong, H., Assistant Cashier, salary approved
Childs, G. F., designation as special
assistant examiner
Clerk, Ira, First Vice President, salary approved
Davenport, D. M., designation as special
assistant examiner
Dfly, 2illiam A., President:
Jibsent from part of meeting of Presidents
with Board on account of hearings re
Brom—Maybank Bill
Salary approved
To name small committee of Presidents to
meet on June 6 to discuss plans for
proposed monetary fund and bank
Earhart, C. E., Vice President:
Salary approved
Suggested as alternative for Mr. Hale
at international conference
Godfrey, J. W., designation as special
assistant examiner
Grady, Henry F., Chairman:
International monetary fund, question of inviting
to meeting to discuss plans for
Present at Board meeting to discuss views on
international fund and bank, prior to
conference at Bretton V'000ds
Habel, G., designation as special assistant examiner
Hale, Vg. It., Vice President:
Requested to participate in international
conference, but because of necessary work
at Bank, Mr. Earhart suggested as alternative
Salary approved
Hardy, R. T., Assistant Cashier, salary approved
Holman, F. H., General Auditor, salary approved
Kahrs, L. J., designation as special assistant
examiner
Leisner, J. M., Cashier, salary increase approved
Maill.L.rd, E. C., Assistant Cashier, salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/22
1928
4/29
4/21
684
640
7/29
4/21
1163
640
4/21
64,0
12/13 1864
640
4/21
12/13 1864
12/11 1838
640
4/21
5/31
861
4/21
640
6/10
946
12/13 1864
6/ 2
874
6/ 6 985
12/13 1864
6/10
4/21
4/21
4/21
946
640
640
640
12/13 1864
5/29
4/21
345
640
141
Pages
FRBank of San Francisco: (Continued)
Staff: (Continued)
iangels, H. N.:
Salary as Cashier approved
Vice President, designation as officer in charge
of Bank Examination Department, appointment
as examiner and salary increase approved
after report by Mr. McKee
R. G., Assistant Cashier, salary approved
Mittelman, E., designation as special
assistant examiner
Morrill, R. H., Assistant Cashier, salary approved
George G., Examiner, appointment approved,
formerly assistant examiner
O'Kane, John A., Assistant General Counsel,
salary approved
Osmer, J. n., Assistant Cashier, salary approved
Overtime pay::,ents to exempt employees,
inaerpretataons re
Randall, J. A., Assistant Cashier, salary approved
Salary approved
Sherman, Merritt, Assistant Cashier:
Designation as special assistant examiner
Salary approved
Slade, H. F., Assistant Cashier, salary approved
Salary as Vice President approved
Symms, Ronald T., Assistant Cashier, salary approved
Salary approved
Vandermark, J., designation as special
assistant examiner
Virta, George, designation as special
assistant examiner
Volberg, A. F., Assistant FRAgent, salary approved
'ells, E. A., designation as special assistant examiner
iheeler, Oliver P., Director of Research:
Present at meeting with Board to discuss views
on international fund and bank, prior to
conference at Bretton oods
Representative of FRBanks at international
monetary conference suggested
Salary approved
ar Savings Bonds, redemption of bonds held in safekeeping,
R.
letter to Bank re reuest made by Mr.
Power
RBanks:
Assessment to cover expenses of Board:
For last six months of 1944
For first six months of 1945
Authorization to buy Government securities directly
from Treasury, letter recommending ex
tension of, approved by Board
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/21
640
5/29
7/15
845
1103
12/13 1864
640
4/21
2/24
291
4/21
4/21
640
640
5/18
4/21
7/15
788
640
1103
12/13 1864
640
4/21
640
4/21
7/15 1103
640
4/21
7/15 1103
12/13
1864
12/13 1864
7/13 1091
12/13 1864
6/ 6
891
6/ 6
915
4/21
640
1/26
139
6/24 1019
12/26 1940
4/21
645
142
Pages
anks: (Continued)
Budget for bank examination and research and statistical
functions to be submitted for 1944
Bank examination departments, budgets for 1944 approved
Statistical and analytical function for 1944, approved
Business activities of officers and employees,
submission of reports on
Classification of member banks for election of Class A
and Class B directors, no changes to be
made at present
Condition statement, weekly, changes approved
Dividends:
Payment for first half of 1944, approved
Payment for last half of 1944 approved
Earnings for 1944
Earnings and expenses for 1943, press statement released
EhIployees:
Number and salaries, monthly reports requested
by Bureau of Labor Statistics, instructions to FRBanks
Heport sent to Bureau of Labor Statistics
Essential industry:
Classification as, executive committee of
Federal Advisory Council to prepare
request to fa.r. Manpower Commission for
Chairman Eccles transmitting request of
of
Letter
Federal Advisory Council re, sent to
Messrs. McNutt and Hershey, copy sent to
Appreciation of Federal Advisory Council for
assistance of Messrs. McKee and Leonard
re classification as
Examinations, Mr. Paulger authorized and directed
to conduct for 1945
Expenses incurred in work re war loans, charges for
space at buildings rented by Portland
and Seattle Branches
Fair Labor Standards Act, applicability to, Board to give
prompt consideration to question of ruling,
statement of Presidents Conference discussed
at meeting with Board
Applicability to, memo proposing procedure for
obtaining ruling re, to be read before
action on matter
Applicability to, .luestion to be discussed with
representatives of age and hour Division
Applicability to, Mr. Leonard to discuss matter
of ruling with Mr. Sproul, letter re
sent to Mr. Day and all FEBanks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/ 6
33
3/29
4/17
502
3/21
462
597
10/26 1629
183
2/ 8
6/24 1019
12/22 1926
12/22 1926
67
1/13
10/25
12/ 8
1623
1829
4/ 5
546-9
4/24
656
5/15
777
12/15 1879
5/12
747
12/11
1848
12/18
1899
12/26
1939
12/29
1953
143
Pages
Filanks: (Continued)
Fiscal agency operations:
Commodity Credit Corporation, letter to FRBanks
re revised procedure
ar and Navy Departments and .aeritime Commission,
payment of excise taxes, letter to Bureau
of Internal Revenue requesting advice re
Gifts:
Expenditures for retiring directors, etc., question
to be discussed at Presidents' Conference
Policy re expenditures for, to be discussed at
next meeting of Presidents in itashLngton
request for list of scheduled holidays
reports,
Holidays,
and statement re opening and closing hours
Loss sharing agreement, to take effect January 1, 1945
:6k)netary fund plan, public statements in opposition to,
not to be made by, letter to be
prepared for submission to Board
Officers and employees, outside business connections,
in connection with President-elect
Flanders of FRBank of Boston
Officers and employees receiving pay from other
sources, policy involved
Overtime payments under Fair Labor standards Act of 1938,
problems to be considered at next
Presidents' Conference
Discussion at meeting of Presidents' Conference
with Board, committee to be appointed
to advise with Messrs. Leonard and
Dreibelbis re problem
Personnel classification plan, job classification in
Research Departments, simplification of
procedure and adoption of title "Research
Department" approved in recommendation of
Presidents Conference Committee, discussion at meeting of Presidents with Board
Changes to effect recommended title "Research
Department" approved, advice to FRBanks
Personnel selection and training, discussion of problem
re higher grades at meeting of Presidents
with Board
Postage stamps, canceled American stamps not to be resold,
revenue from foreign stamps to be deciding
factor
Promotional activities, discussion of distribution of
material to banks in connection with G. I.
Bill of Rights, matters to be referred to
Board, as in case of Veterans Administration
Publications, policy of submitting to Board to be continued
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/27 1033
7/18
1122
2/26
307
2/11
210
5
1/ 3
12/22 1932
6/19
987
4/18
604
3/21
448
9/ 8 1350
9/22
1441
12/11
1844
12/21
1919
9/22 1439
7/29
1165
12/11
3/21
1840
461
144
Pages
FliBcinks: (Continued)
Purchase of direct obligations of U. L. directly from Treasury,
extension of authority for, no action taken,
matter to be held on docket for consideration
4/14
in November
Relationship with Board of Governors, discussion at
3/ 1
meeting with Presidents
be
to
Research activities, supervision of, committees
created for, problem to be discussed
2/11
at Presidents' Conference
conclusions
of,
Board's
Committee for supervision
re to be stated by Chairman Eccles at
2/22
Presidents' uonference
superof
principal
appointment
Research departments,
visory personnel, procedure re, reply
8/14
to inquiry of FRBank of New York
be
to
for
7.ork,
payment
of
tion
iues
,
Research studies,
2/11
placed on agenda for Presidents' Conference
Reserve ratios, no further discussion at meeting of
9/22
Presidents' Conference Ath Board
Reserves for registered mail losses, to be set up in
accordance with procedure indicated in
12/22
earnings and expenses manual
Responsibilities and relations with Board, discussion
3/ 1
of at meeting of Presidents with Board
balaries of officers:
?residents and First Vice Presidents, maximum, increase
in, requested by FRBzinks of Richmond, Atlanta,
Kansas City, and Dallas, letter re to be
6/20
prepared for Chairmen of four Banks involved
Increase in maximum not favored at present,
6/29
letter sent to Chairmen
of
6a1ary data, annual report re number and salaries
12/29
officers and employees for 1944 re,luested
Taxation:
Excise taxes payable by, in connection with
7/15
Purchase of supplies and rental of equipment
re
provision
117,
Section
Internal Revenue Code,
exemption from income taxes, copies sent
3/24
to FRBanks, views reLiuested
of
copy
to,
not
applicable
Provisions
6/12
ruling sent to FRBanks
applicability
Code,
Revenue
Internal
of
Section 54
of subsection (f) to, letter to Mr. Nunan
4/8
requesting advice re
Telegrams sent for account of Board, suggestion that
5/30
FRBank absorb cost directly
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
580
335
203
284
1240
212
1452
1927
344-6
993
1044
1961
1105
475
954
556
851
145
Pages
Absorption of Exchange Charges - Avoidance of Exnense
to Member Bank, statement to be published
in April issue
Bank debits table, to include deposit turnover rates,
instructions to FRBanks
Condition of banks, information to large depositors,
statement not to be included in annual
report, but article to be published in
Consumer Credit:
Amendments to Regulation
Statement to be published in April issue
Statements to be published in July issue
Statement to be published in December issue
Maximum Credit Values for Used 1942 automobiles,
statement to be published in April issue
Partial payments in Charge Account, statement to
be published in August issue
Contents, memo of Mr. Evans re supervision of, copies
to be sent to Board members, matter to
be placed on docket
Supervision of, recommendation of Mr. Evans approved
Contract Settlement Act of 1944, statement to be
published in August issue
Dismissal of suit against Board of Governors, statement
to be published in December issue
Editorial staff committee, recommendation of Mr. Evans
re membership, etc., discussion of
Recommendation approved
Foreign Funds Control, Treasury Department Releases:
Statement to be published in April issue
Statement to be published in July issue
Statement to be published in August issue
Statement to be published in December issue
Statement to be published in January 1945 issue
International Monetary Fund and Bank, plans, analysis
to be published in, copy sent to FRBanKs,
printed form of text to be forwarded
Loans to Veterans for H 'me Purchase or Construction,
statement to be published in December issue
home loans to Veterans, statement
guaranteed
Partially
to be published in January 1945 issue
Purchase of Government obligations by FRBanks, amendment to section 14(b) extended, statement
to be published in January 1945 issue
Regulation , ruling re classification of credit sales
as charge or instalment, to be published
in August issue
Reserves, Athheld Income Taxes as Deposits, statement
re to be published in July issue
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/29
503
1/8
49
4/21
632
3/24 477
6/23 1015
11/23 1734
3/24
477
7/26 1146
2/22
286
3/ 9
386
7/26 1146
11/23 1734
2/22
287
3/ 9
386
3/24 477
6/23 1015
7/26 1146
11/23 1734
12/29 1963
8/10 1226
11/23 1734
12/29 1963
12/29
1963
7/13 1092
6/23 1015
146
Pages
ulletin: (Continued)
"Selective Instruments of National Credit Policy", pacer
prepared by Mr. Parry, to be published in
February issue
PRnotes:
Custody of securities, procedure re, no objection to
designation of employees for
combat areas, Treasury procedure
in
Destruction
satisfactory to Board
FRBank of Boston, supplemental order for printing of
FftBank of Chicago, supplemental order for printing of
FRBank of Minneapolis, supplemental order for printing of
FRBank of New York, supplemental order for printing of
FRBank of Richmond, supplemental order for printing of
Supplemental order for printing of
FftBank of St. Louis, supplemental order for printing of
Supplemental order for printing of
FftBank of San Francisco:
Hawaiian overprinted notes for use in Central Pacific
area, question of further production to be
discussed at Presidents' Conference
Use in South Pacific, letter to Mr. Clerk
enclosing memo of Mr. Smead re
Supplemental order for printing of, for use in Hawaii
Supplemental order for printing of, for use in Hawaii
Supplemental order for printing of, for use in Hawaii,
and letter to Mr. Clerk re
Supplemental order for printing, to cover notes
with Hawaiian overprinting
assortment according to, letter
circulation,
Fitness for
to FRBanks re reducing standard of
Gold reserve against those in circulation, discussion
of legislation to reduce
Government securities as collateral for, procedure re,
no objection to designation of employees
as custodians
Inquiries re particular denomination, not to be initiated
by Internal Revenue Agents, copy of letter
from Treasury sent to FRBank of Atlanta in
connection with inquiry of Mr. Howard
Large denominations, suggestion that issuance be
discontinued
Loss of mail shipments of FRBank of New York, by sinking of steamships, adjustment procedure
by FRBank of New York to Virgin
shipments
Loss of mail
Islands and Puerto Rico, proposed transaction re adjustment approved
Navy Department request for large denominations for
payments in China and India
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/22 1928
8/ 5 =1
597
667
4/17
4/26
2/11
4/22
217
648
6/ 9
942
5/ 1
694
9/25 1486
61
1/11
6/27 1034
5] 6
723
6/ 1
1/10
871
2/10
193
5/13
751
55
6/24 1018
5/ 6
722
12/ 4 1787
8/ 5
1211
3/29
501
1/19
1415
2/ 4
172
6/ 1
870
11/ 3 1656
147
Pages
Panotes:
(Continued)
Printing requirements, order for fiscal year ending
June 30, 1945, placed with Bureau of
Engraving and Printing
Printing requirements for 1946, reply to Mr. Hall re
estimates
Reduction in orders for printing, program for, matter
to be discussed with Treasury
Release of 1928 series by FdBank of Kansas City to be
limited to emergencies
Securing by pledge of participations in direct obligations
of United States in System open market
account, proposed revision of plan for,
letter to Mr. Sproul on Board's position
re to be prepared
Proposed revision of plan not approved,
letter to Mr. Sproul re
FaSYstem:
Independence of, statement of Chairman Eccles re
F^, kembership in: (See Membership in FRSystem)
eral savings and loan associations, bill pending in
Congress to amend law relating to
duclary powers:
Alabama, national bank in, right to exercise powers in
Florida, lettr to atson & Pasco & Brown
Albion National Bank, Albion, Indiana, applicatl.on
for additional granted
American National Bank of Brunswick, Georgia, application
granted upon conversion from Brunswick Bank
and Trust Comoany, Brunswick, Georgia
Athens National Bank, Athens, Ohio, surrender approved
Certificates, for national bank resulting from consolidation of two national banks or which has
changed name, forms for display in bank's
lobby, approved
Citizens National Bank of Concord, North Carolina,
application approved upon conversion from
Citizens Bank and Trust Company, Concord,
North Carolina
City National Bank of Atchison, Kansas, surrender approved
Clinton National Bank, Clinton, Iowa, application approved
Commercial National Bank, Knoxville, Tennessee, application
approved upon conversion from Commercial
Bank & Trust Company, Knoxville, Tennessee
Commercial State Bank, Pocahontas, Iowa, exercise of
fiduciary powers permissible upon approval
of membership application
Bank, Avilla, Indiana, application approved,
State
Community
compliance with condition of membership
numbered 3 waived
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/13
960
8/11 1229
9/19
1413
7/28 1154
6/23 1010
7/ 3 1060
3/ 1
341
5/ 5
708
1/ 4
10
1/ 8
49
4/ 1
5/ 2
519
696
6/16
973
3/14
412
1/31
152
12/23 1936
4/ 5
539
6/ 1
867
10/ 3 1511
148
Pages
Fiduciary poers: (Continued)
Danbury National Bank, Danbury, Connecticut, conflict in
records as to, application for ninth
power suggested by Board
Application approved
Escrow funds held in connection with servicing FHA
mortgages, in,juiry of Manufacturers National
Bank of Detroit as to trust funds
Fairland Natio,a1 Bank, Fairland, Indiana, application
approved
Farmers and uerchants National Bank in Benton Harbor,
Michigan, application approved
First National Bank, Batesville, Arkansas, application
approved upon conversion from Citizens
Bank & Trust Company, Batesville, Arkansas
First National Bank of Evanston, ;;yoming, surrender approved
First National Bank of Fairmont, Niinnesota, surrender
approved
First National Bank in Fairmont, kest Virginia,
application approved
First National Bank of Glenwood Springs, Colorado,
surrender approved
First National Bank of Jackson, Tennessee,
application for additional granted
First National Bank of Norman, Oklahoma, surrender approved
First National Bank of Pleasantville, New York, desire
to surrender after absorption by County
Trust Company of white Plains, New York,
letter to Comptroller of the Currency re
procedure
Investigation for surrender of, to be made by
FRBank of New York
Surrender approved
First National Bank of Red Ang, Minnesota, surrender
approved
First National Bank of Rondout, Kingston, New York,
surrender approved
First National Bank of Troy, Kansas, surrender approved
First National Bank of MIldsor, Colorado, surrender approved
LaFayette National Bank, LaFayette, Indiana, supplemental
application approved
Merchants National Bank of vlinona, 4ainnesota, application
approved upon conversion from Merchants
Bank of Anona, iuinnesota
National Bank of Lewistown, Montana, surrender approved
National Bank of ;;estfeLd, New York, surrender after
absorption by Union Trust Company of
Jamestown, New York, letters to FDIC and
Comptroller of the Currency re procedure
for examination of
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/11
3/16
58
424
9/ 5 1323
11/17 1715
9/ 9 1354
10/10 1549
11/14 1697
11/14 1695
12/ 7 1820
11/14 1696
4/19
624
7/28
1152
5/8
727
5/16
781
6/20
998
2/19
272
2/1
10/17
155
1591
3/4
367
12/ 6 1810
6/13
959
8/22 1276
5/18
790
149
Pages
Fiduciary powers: (Continued)
National Bank of ;,estfield, New York: (Continued)
Surrender after absorption by Union Trust Company
of Jamestown, New York, examination to
be made by FRBank of New York, after
apDlication of nonuember bank for
membership in FRSsystem
National banks, no deposit of securities with a FRBank
required to secure, letter to Mr. Riddell re
Oak Park National Bank, Oak Park, Illinois, application
approved upon conversion from Prairie
state Bank, Oak Park, Illinois
Peoples National Bank of iikiwardsville, Pennsylvania,
surrender approved
Peoples National Bank of t.arrenton, Virginia,
application for full powers declined
Riddell National Bank, Brazil, Indiana, no deposit of
securities with FRBank required to secure,
letter to lip. Riddell re
Security National Bank, Alexandria, Louisiana,
application approved
Souhegan National Bank of Aiilford, New Hampshire,
supplemental application approved
South Chicago Savings Bank, Chicago, Illinois,
application approved
Van Buren Bank, Van Buren, Indiana, application approved
and conditions of membership prescribe,A
Fj
"al agency operations:
FR.Banks to act directly for Commodity Credit CorporatIon,
letter to FRBanks re revised procedure
desired
l'RBanks, GAO examination not necessary, studies
to be carried on by Board
simplified procedure, to be
reimbursement,
Vouchers for
discussed at Presidents' Conference
letter re continuation
Regulation
Pitch, Mr. George
in postv.ar period, sent to
Pc3reign accounts:
Confirmation not to be requested in examinations
of FRBank of New York
FRBank of New York, authority to purchase Government
securities for, increased to 0.,000,000,000
Limitations removed, Board to be advised
of total investments
Fo .
reign banking corporations:
Chase Bank, New York, N. Y., report of examination
sent to bank
Examination report, copy sent to bank
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/26
835
6/29
1047
11/ 1
1647
12/ 8 1827
12/15
1877
6/29 1047
12/ 6
1810
11/24 1743
11/18
1717
11/27
1749
6/27
1033
2/26
307
2/11
213
2/29
317
131
1/24
10/14 1572
2/24
295
12/27
1950
1/17
11/28
1754
92
150
Pages
Foreign
banking corporations: (Continued)
First of Boston International Corporation, permission
granted to First National Bank of Boston,
Massachusetts, to invest additional amount
in stock of
French American Banking Corporation, amendment to agreement
with Board re establishment of foreign branches
International Banking Corporation:
Amendment to agreement with Board re
establishment of foreign branches
Establishment of branch in Paris, FiN,nce, iimuiry re
Order authorizing establishment of branch at
Paris, France
Inversiones Latinas, South America:
Villasenor, Eduardo, proposed director, discussed in
connection with central bank conferences
Morgan & Cie, Incorporated, investment in stock by
J. P. Morgan & Co. Incorporated, approved,
subject to certain conditions, establishment
of branch in Paris, France, approved
Shaw:Jut Corporation, no objection to formation of new
corporation after liquidation and change
in name of, advice to National Shawmut Bank
P0reign banks:
Banco de la Republica del Paraguay, letter of appreciation of services of Mr. Triffin and re,luest
to pay expenses of his wife
Banco de Mexico:
Central bank conferences, Board to cooperate in
proposed plan if no objection by
State Department
Reply to letter from Mr. Villasonor on closer relations
Banco Nacional de Costa tiical Mr. Triffin authorized
to consult with Mr. Julio Pena, General
Manager, on way to Paraguay
Bank To be visited by Mr. Triffin, letter to Senor Pena
of Canada, reduction in discount rates,
stated in press release
Banque Centrale de la RepublLiue de Turc,uiel official
offered opportunity to study FRSystem
and commercial banks, telegram to MBank
of New York re
Banque Nationale Suisse, procedure for obtaining confirmation of account in connection with
examinations of FRBank of New York
Bank voor Nederlandsch-Indie N. V., authority to FRBank
of New York for opening and maintaining
account for
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/ 6
1535
8/ 2 1190
8/ 2 1190
7/29 1165
9/ 7 1340
10/20 1601
12/14 1870
11/ 2 1650
10/17
1583
10/20
9/30
1601
1507
g0
2 lt3
39
4
2/11
197
3/ 2
356
1/24
131
10/14 1572
5/22
811
151
Pages
Foreign banks:
(Continued)
Central Bank of Turkey, suit against Chase National 'kink,
letter re relations with
Co.umonwealth Bank of Australia, Sydney, New South V.ales,
request for representatives to visit
FRBanks and Board, reply to Mr. Armitage
De NederlEndsche Bank, negotiations of FRBank of New York
with representatives re proposed loan to
Netherlands Government approved
Government of Yugoslavia, confirmation of accounts not
to be requested in connection with
examination of FRBank of New York
Legislation, balances to be carried by FRBanks,
suggestion discussed by Chairman Eccles
and Mr. Bell
Mexico, central bank, acquisition of controlling stock
interest of Pan American Trust Company
of New York, N. Y., Lessrs. Szymczak
and McKee authorized to present matter
to State Department
Matter to be handled by State Department,
FRBank of New York to be advised
Netherlands Government, loan by syndicate of banks
approved for account of Chase National Bank
Norges Bank, authority to FRBank of New York for
opening and maintaining account for
State Bank of Ethiopia, temporary storage of currency
notes by FRBank of Philadelphia approved
Sveriges Riksbank, procedure for obtaining confirmation
of account in connection with examinations
of FRBank of New York
Vatican City, procedure for obtaining confirmation of
account in connection with examinations
of FRBank of New York
Fo
r'lgrl Economic Administration:
Cash transactions abroad, quarterly reports re, letter
in connection with request for sent to
Mr. Szymczak requested to make trip to London re supplies
for Belgium, no objection to
Representative for Belgium, reply to request
of President Roosevelt re
kt—ze
exchange:
4.aterial received by v.ar Department on, request of
Board for copies of reports
Pounds sterling, brief submitted by FRBank of New York
in case of John Barr involving certification of "official" and "free" rates for
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/15
249
12/18
1906
9/12
1363
10/14
1572
12/ 1
1765
12/ 1
1764
12/22 1924
10/13 1567
4/20
630
8/26
1287
1/24
10/14
131
1572
1/24
10/14
131
1572
12/30 1965
6/20
991
6/30
1052
12/27
1951
12/22 1923
152
Pages
Freign Funds Control:
Treasury Department Releases:
Statement to be published in April issue of FRBulletir,
Statement to be published in July issue of FRBulletin
Statement to be published in August issue of FRBulletin
Statement to be published in December issue of FRBulletin
Statement to be published in January 1945 issue of
FRBulletin
Forest Service:
Credit for long-term forestry programs, discussion
with Mr. Ray Marsh of survey re
Fonlas:
Deposits, survey of ownership of, changes approved
Fiduciary powers, form for display in lobby of
national bank approved
Functional Expense Report (Form E) and Manual of Instructions Governing its preparation, copies of
revised form and instructions to be sent
to FRbanks
Veterans Administration, reimbursement in connection
with distribution of regulations and forms,
no request to be made, not to be reported in
Guarantee agreement and loan agreement, revised forms
sent to FRBanks for comments and suggestions
Termination loans, Guarantee and Loan Agreements, forms
for use in connection with, sent to
Director of Contract Settleuent,
advice to the Services
T-Loan Guarantees:
Application form, copies and instructions
sent to FRBanks
Statement of Eligibility, letter from Maritime
Commission enclosing form for,
copy sent to FRBanks
Memo from va.r. Department re proposed form,
copy sent to FriBanks
Veterans Administration:
Forms 1800-1806, information re sent to FRBanks
Reimbursement in connection with distribution of
regulations and forms re loans to veterans
for, no request to be made, not to be
reported in Form E
instructions to FRBanks re
loans,
Veterans'
distribution of
revised,
Ivithholding Exemption Certificate,
instructions to employees of Board
34, Daily Balance Sheet of FRBanks, Government securities
received for payment, redemption, or
exchange, to be excluded from
1945 edition, proof sent to FRBanks,
supply to be forwarded
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/24 477
6/23 1015
7/26 1146
11/23 1734
12/29 1963
2/11
199
7/18
1123
6/16
973
2/28
315
11/22 1731
7/ 4 1065
8/ 8 1216
9/ 7 1342
9/15
1381
9/ 8
1349
12/ 8 1830
11/22 1731
11/22 1731
11/ 9 1669
9/29 1504
12/ 2 1782
153
Pages
Forms: (Continued)
95, revised form, copies sent to FRBanks
96, earnings and expense reports, to be revised for
monthly reports re salaries at FRBanks
Revised form, copies sent to FRBanks
96a, revised form, copies sent to FRBanks
105, condition reports of State member banks,
revision approved
Approved for midyear call with slight changes
Revision for end-of-year approved
105e, alterations for use by State member banks
in Louisiana
1u7, earnings and dividends reports:
U. S. savings bonds, reimbursements for services
in paying, to be reported on, instructions sent to FRBanks
Copies and instructions sent to FRBanks
107b, earnings and dividends report, copies of form and
instructions sent to FRBanks for semiannual report
United States Trust Comiany, Boston, Massachusetts,
report of affiliate, New Scollay Building
Trust, if published, copy requested on
418, revised form, copies sent to FRBanks
422 and 413, FRBank reports of member bank deposits,
reserves, and borrowings, schedule
for sending
437, annual reports of holding company affiliates,
instructions to FRBanks for obtaining
456, operating ratios of member banks, revised form for
use in compilation of data sent to FRBanks
577, revised form for T-Loans, copies and instructions
sent to FRBanks
heport of guaranteed lodns, instructions to FRBanks
579, report of guaranteed loans, instructions to FRBanks
Instructions re applications under T loan guarantees
and 1944-V loan guarantees, to assist OCS,
letter to FRBanks
581, revised for T loans, instructions to FRBanks
Monthly reports of Regulation V loans, subsidiary
reports for V and VT loans to be omitted
B-1349a and B-1349b, supply sent to FRBanks for estiate
of 1944 budget for bank examination and
research and statistical functions
record, obsolete
Agency
Fiscal
975
PP
PD 1340 Fiscal Agency record, obsolete
r1chise Tax Commissioner, Sacramento, California, Form 596,
Annual Information Return, acknowledgment
of copies received
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/ 9
1835
10/25 1623
12/ 9 1835
12/ 9 1835
311
2/26
852
5/30
10/25 1622
5/5
718
9/30 1506
12/ 1 1776
6/9
939
9/13 1364
12/ 9 1835
6/23 1013
12/ 6
1811
9/27
1496
9/ 7 1342
10/27 1634
10/27 1634
12/22 1931
10/27 1636
12/27 1950
1/6
11/18
11/18
33
1718
1718
12/26
1943
154
Pages
Franking Privilege, deposit to be made in general fund to
cover cost of handling mail
Fre
nch, Mr. R. P., Regulation bt, exemption of loans for
repair and maintenance of residential
property, letter re sent to
7/21
1131
2/25
302
”G”
Gamble, Honorable Ralph A., statement re V and VT loans
9/ 2
sent to, in connection with H. R. 4804
Geddes,
Association)
Bond: (See Radio idanufacturers
General Accounting Office:
Assignment of claims under Government contracts,
4/22
letter on requirements of office
reimbursement
to
as
FRBanks
Examination of records at
2/11
vouchers for fiscal agency expenses
2/26
Not necessary, studies to be carried on by Board
PRBanks as fiscal agents for Commodity Credit Corporation,
6/27
to accept certifications from FRBanks
S.
U.
by
investigation
P.,
antitrust
A.
Giannini,
5/29
Department of Justice, discussions re
Gifts:
Estberg, E. H., Director of FRBank of Chicago, presentation
of watch upon termination of services, ques2/11
tion of policy re such expenditures by FRBanks
Expenditures for gifts for retiring directors, etc., ques2/26
tion to be discussed at Presidents' Conference
FRBank of Cleveland, employees with 25 years or more of
service, authorization to officers to
3/20
purchase gift for, not approved by Board
military
FEBank of Dallas, Christmas packages to employees in
7/2:
service, no objection to expenditure for
at
discussed
Policy re expenditures of FRBanks for, to be
2/11
next meeting of Presidents in 1"ashington
la
de
Banco
from
Triffin, Robert, letter of appreciation
Republica del ParaRuay for services, permission requested for payment of Mrs. Triffin's
expenses, State Department and Paraguayan
10/17
Embassy to be consulted
Gorrnie„,
passage
re
banks
nonpar
to
J
R. E., circular letter
12/22
of Brown-Maybank bill, discussion by Board
Goireminent
securities:
kmendment to permit withdrav,a1 of time and savings deposits
before maturity for purchase of, Board not
4/14
in favor of, Chairman Eccles to advise Mr. Bell
5/9
Memo of reasons against, sent to Mr. Bell
Authorization to FRBanks to buy directly from Treasury,
letter recommending extension of,
4/21
approved by Board
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1314
647
213
307
1033
839
210
307
443
1134
210
1583
1929
582
735
645
155
Pages
GOlje
rnment securities: (Continued)
Authorization to FRBanks to buy directly from Treasury: (Continued)
Recommendation re extension of, letter stating
5/17
Board's approval of
Renewal of, Chairman Eccles to talk with Under
11/21
Secretary of the Treasury re
12/ 1
re
Bell
Discussion by Chairman Eccles with Mr.
cashunnecessary
Bonds, educational program to prevent
ing, discussion of procedure at meeting
12/11
of Presidents with Board
unnecessary
prevent
Educational program to
12/18
cashing, action deferred
connection
in
services
agency
Buffalo Branch, fiscal
2/22
with, relation to FRBank of Nev, York
to
objection
no
re,
procedure
FRnotes,
Collateral for
8/ 5
designation of employees as joint custodians
custodians
as
representatives
designate
to
Authority
8/12
of, letter to FRBank of St. Louis re
Daily Balance Sheet of FRBanks, securities received
for payment, redemption, or exchange,
9/29
to be excluded from
Discount rate of 1/2% on, extension to nonmember banks,
3/ 9
discussion of, but no action taken
O‘Aned by banks, bill to provide par value regardless of
7/29
market value, no report to be made on S. 1892
Plan for securing FRnotes by pledge of participations
in direct obligations of United States
in System open market account, proposed
revision of, letter to Mr. Sproul on
6/23
Board's position re, to be prepared
7/ 3
Sproul
Mr.
Proposed revision of, not approved, letter to
borrow
Proposed amendment to FRAct to permit States to
from FRBanks on security of Government
2/25
bonds, letter to Mr. Case re
foreign
of
account
for
Purchase by FRBank of New York
2/24
banks and Governments, authority increased
of
advised
be
to
Limitations removed, Board
12/27
total investments
14(b)
section
to
amendment
Purchase by FRBanks,
extended, statement to be published
12/29
in January 1945 issue of FRBulletin
extension
Treasury,
from
directly
Purchase by FRBanks
of authority for, no action taken,
matter to be held on docket for con4/14
sideration in November
Rates, short-term rate on, discussion of increase in,
at meeting of executive committee of
3/ 8
FAG with Board
Riverview State Bank, KansHs City, Kansas, purchase of
2-1/2 per cent Treasury bonds by affiliate,
4/27
Question of disposal of, letter to Treasury re
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
786
1723
1765
1849
1900
279
1211
1233
1504
389
1158
1010
1060
304
295
1950
1963
580
380
669
156
Pages
Gove
rnment securities: (Continued)
Short-term debt, refund of, topic for discussion at
meeting of FAG on December 3-4
Reply to question of Mr. Wallace re type
Discussion of, at meeting of FAG with Board
Subscriptions by directors, officers and employees of
FRBanks, procedure approved for reports on
Subscriptions during war loan drives, statement of
Presidents on policing of
U. S. Savings bonds, procedure for reporting redeemed
bonds and reimbursements for services
Gr4duate School of Banking:
Charts on responsibilities of directors of FRBanics,
copies to be furnished to Mr. Pcw.ell
distribution to classes
for
GrA^
Representative Lex, absorption of exchange and
collection charges, letter in connection
with inquiry from Mr. Hardee
Gu,s
LIrs. Anna M., agreement for operation of beauty shop
Hall
,
- ett, Mr. J. C., absorption of exchange charges,
letter in reply to, enclosing copy of
transcript of Hearings on H. R. 3956
itTck, John M. (See Office of War Mobilization)
Mr. W. M., Jr., Regulation 6, exemption of financing
of home repairs and maintenance from,
letter sent to
R.ePAr and maintenance of residential properties,
letter re
Lice and Harkins, arrangements for stenographic
record of Conference of Auditors
FRnotes to be overprinted for use in, order placed for
(See also FRnotes, FRBank of San Francisco)
-arings:
Absorption of exchange or collection charges, bill
re to be introduced in House by Congressman Paul Brostin, hearings to be held on
Reports on H. R. 3956 and S. 1642, to be read
into record
Bills before House and Senate Committees,
discussion of Board's position re
Agnew, John, order for hearing to determine removal
from office as director of Paterson
National Bank, Paterson, N. J.
letter to FRBank of New York re service
of,
Issuance
Arrangements for stenographic transcript of hearing
Failure of Comptroller's Office to present
evidence for, Mr. Dreibelbis to
confer again with Mr. Upham
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/14 1637
11/17 1710
1;/ 4 1791
2/ 2
160
12/11
1839
9/30 1506
1/ 5
14
1/11
6/17
58
979
3/2C
410
2/ 2
15%1
2/12
3/30
508
1Th
54
1/13
62
1/24
119
2/14
227-9
7/29 1169-74
8/ 9 1220
9/16 1388
11/14 16-33
157
Pages
Hearings. (Continued)
Agne.., John: (Continued)
Arrangement with Air. Upham approved, !;r. Dreibelbis
11/17
to attend, case to be expedited
Currency
and
Banking
Brom-idaybank bill, by Senate
7/29
Conuittee to begin on August 7
discussion
Corinittee,
To be held before Senate
12/ 4
at meeting of FAG with Board
Fayereather, F. 0., order for hearing to determine
removal from office as director of
7/29
Paterson National Bank, Paterson, N. J.
8/ 9
Issuance of, letter to FRBank of New York rc service
9/16
Arrangements for stenographic tr;nscriot of hearing
Failure of Comptroller's Office to present
evidence for, Mr. Dreibelbis to
11/14
confer again with Mr. Upham
Arrangement with tAr. Upham approved, Lr. Dreibelbis
11/17
to attend, case to be expedited
House of Representatives:
Smaller .a.r Plants bill, copies sent to members
12/ 4
of Federal Advisory Council
Pine Lawn Bank and Trust Company, Pine Lawn, nssouri,
order to determine forfeiture of
membership in FRSystem, to be issued3/21
Copies of order sent to Fill3ank of St. Louis
3/27
with instructions
Proposed hearing and order, to be postponed indefinitely pending change in bank's practices,
Board to reviev, letter to be signed by
4/ 4
directors
examination
7/27
further
pending
Issuance of order postponed
[legutation p, hearings before House Banking and
1/19
Uurrency Committee to be continued
.-econd aar Powers Act, extension of, Board
11/21
represented by Mr. cherry
S. 756, S. 757, and L. 1034, re Federal Home Loan Bank
System, board's letter stating objections
and suggested changes approved, to be
12/18
incorporated in record of
repair and
lieffield, Br. Stepien A., Sr., Regulation
./25
2
modernization loans, letter to
Len, Lt. Colonel E., investigation in connection with
nomination as member of Surplus Pronerty
board, records at FR.Bank of Boston to be
made available to Senate lailitary Affairs
12/ 8
Committee
Regulation
aobert H., Director of Contract Settlement,
8/ 5
V, draft of revised form sent for approval to
Hit
reply
Board,
chcock, Colonel L. S., Inter-American Defense
to letter of appreciation for use of
9/19
Federal deserve Building
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1706
1169
1785
1169-74
1220
1388
16',33
1706
1790
453
482
530
1148
100
1723
1887
302
1823
1211
1423
158
Pages
Roam;
suggested for discussion at meeting with Treasury
""-uirlg company affiliates:
Annual report to be obtained on form FR 437,
instructions to FRBanks
Atlantic Trust Company, Jacksonville, Florida, no
objection to retirement of preferred stock
No objection to retirement of preferred stock
No objection to proposed retirement of preferred stock
Baystate Corporation, Boston, Massachusetts, application
for voting permit as successor to Old
Colony Trust Associates, letter to SEC re
Granted general voting permit
Ruled not to be investment company under Section
3(c)(4) of Investment Act of 1940
Brantley Company, Blackshear, Georgia, determined not
to be except for purposes of section
23A of FRAct
Fidelity Acceptance Corporation, Berkeley, California,
determined not to be except for purposes
of section 23A, upon admission to membership in FRSystem of proposed Bank of
Berkeley, California
National Bank Trustees: (See Trustees*** First
National Bank)
First Securities Corporation of Syracuse, N. Y., limited
permit granted to vote stock of three banks
Hamilton National Associates, Inc., Chattanooga, Tennessee,
application for limited voting permit denied
Harrisburg Trust Company, Harrisburg, Pennsylvania,
determined to be for purpose of section 23A
only, upon admission to membership in
FRSystem of New Cumberland Bank, New
Cumberland, Pennsylvania
Co., Spokane, ashingtoii,
Securities
Investment and
permit to vote stock of
limited
granted
two national banks and annual report to
be submitted
.
•
T
-egis
ilatnn, draft of bill re supervision of, submitted
to Comptroller of the Currency and FDIC,
question of giving copy to FAC, discussed
at meeting of FAC with Board
Preamble to proposed bill, statement re banks
engaged in interstate commerce, question of
Request by FAC for copy of draft of bill re at
meeting on February 13, question of
Preamble in proposed bill changed to eliminate
reference to interstate commerce
Bill of Independent Bankers Association of Luelfth
FRDistrict, Board to take no action re
presentation of
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/19
1415
12/ 6 1811
4/19
624
7/ 1 1057
12/27 1949
9/22 1434
9/26 1491
10/23 1610
2/17
1255
11/11,, 1673
1/ 7
45
12/ 7
1815
2/10
189
1/ 6
32
1/ 5
20
1/ 5
21
1/13
63
1/13
64
1/13
64
159
Pages
Hold•
ing company affiliates: (Continued)
Legislation: (Continued)
Status of draft of bill, further conferences with
Congressman Patman, Secretary korgenthau,
and the President suggested
Bill introduced by Congressman Patman
Draft of bill, request made by FAC members to
see copy of, discussion at meeting
of FAO with Board
Statement re to be put in annual report,
suggestion discussed
Bill to be taken up by Mr. Patman for consideration
Statement to be prepared for annual report
and submitted to Board
Statement for annual report discussed, to be
revised and resubmitted to Board
Statement for annual report, approved
Proposed by Board, request of Federal Advisory
Council for copies
Draft of bill prepared by Board, copy sent to FRBanks
Copies of draft of bill sent to Mr. Patman
Federal Advisory Council to be notified by
Mr. Morrill and to receive copies of,
upon information that introduction of
bill by Mr. Patman is about to take place
Bill not to be introduced by Mr. Patman at present,
upon advice of Treasury, telegram to FRBanks
1.1r. Voorhis to discuss introduction of bill with
Mr. Pathan, Chairman and Mr. McKee to
be informed of results
Problem stated in 1943 Annual Report,
advice of FAG welcome
New bill to be introduced by Congressman Patman
Marine Midland Corporation, to obtain voting permit before
application of Union Trust Company of Jamestown, New York, for membership approved
General permit issued to vote stock of Union
Trust Company of Jamestown, New York
Extension of time for issuance of voting
permit authorized
O'Laughlin Company, Chicago, Illinois, determined not to
be except for purposes of section 23A of
FRAct, upon conversion of Prairie State
Bank, Oak Park, Illinois, into national bank
Old Colony Trust Associates, application for voting permit
Lo be acted upon after entering into agreement to acquire assets of Associates, advice
to Mr. John T. Noonan
Application for voting permit by ihystate Corporation,
Boston, Massachusetts, as successor to
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/13
1/13
65
66
;/14
234-9
2/15
3/8
247
383
3/31
513
4/11
4/14
563
581
5/15
5/18
5/18
753
792
792
5/19
794
5/20
801
5/22
807
9/18 1398
LI 1 1776
9/14 1567
9/14 1369
10/14 1570
11/ 2 1651
6/ 7
920
9/2:
1434
160
Pages
01
company affiliates: (Continued)
Old Colony Trust Associates: (Continued)
Reorganization, change in character of business
and investments approved
Old National Corporation, Lpokane, ashington, granted
limited permit to vote stock of to
national banks and annual report to
be submitted
Transamerica Corporation, memo from Ur. Crowley to
Secretary Morgenthau re with reference
to, discussion of, copy placed in files
Antitrust investigation by Department of Justice,
discussions with Mr. A. P. Giannini re
Bank of America N. T. & S. A., ruled ineligible
for participation in election of Class B
director at FRBank of San Francisco
isgain ruled ineligible for participation in
election of Class B director of FRBank
of San Francisco
ekly condition reports, resumption of
reporting 6ednesday figures, notification of change in time of release
Bank of Nevada, Las Vegas, Nevada, question of
voting permit for stock of, in connection with application for membership in FRSysteml ,no decision reached
No action in favor of to be taken,
letter to be prepared
Board not in favor of, letter to Mr. Clerk re
Application for membership not to be acted
upon until voting permit requirement
fulfilled by, bank to be advised
Pacific Coast lilortgage Company, examination of,
letter re request for and relationship with
Denial of request that books and records be
made available for examination, copies
of correspondence re sent to Comptroller
of the Currency and FDIC
Examination of, Board's response to letter
re request for
Trustees*** Citizens Union National Bank of Louisville
and Fidelity and Columbia Trust Company,
Louisville, Kentucky, determined not to be
under section 2(c) of Banking Act of 1933
Trustees
First National Bank, acquisition of controlling
interest in St. Matthews Bank, St. Iviatthews,
Kentucky, voting permit not necessary to
vote stock of
Trustees of stock of Union Trust Company, East St. Louis,
Illinois, detemained not to be under section
2(c) of Banking Act of 1933
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/26
1492
1/6
32
5/5
711
5/29
839
5/29
841
4.0
10/25 1617
5/20
804
f,129
840
6/29 1039
6/30 1052
7/18
1121
4/18
608
V10
739
5/20
800
2/16
1249
5/ 5
716
3/31
514
Holidays:
Christmas, offices permitted to be closed at 3:00 p.m.
on December 23, skeleton staff authorized
from 1:00 p.m. to 3:00 p.m,
FRBanks, report:, reluest for list of scheduled holidays
and statement re opening and closing hours
:l
ollister, R. F., letter re bill of Independent Bankers
Association of Twelfth FRDistrict, Board
to take no action re presentation of
Improvement Company, Birmingham, Alabama, inquiry re
exemption of insulating board from
section 8W of Regulation
Exemption of fuel conservation credits from Regulation
letter re insulation board
4e Oviners' Loan Act, letter to Senator da.gner on bills
S. 756, S. 757 and S. 1034 to amend
HIlelles, Mr. J. Russell, Regulation
effect of NHA General
Order No. 60-413 on, loans for repair and
modernization of residential property not
exempt from, letter re
IlurleY, Robert A., investigation in connection with nomination
as member of Surplus Property Board, records
at FRBank of Boston to be made available to
Senate Military Affairs Committee
12/13 1904
1/ 3
5
1/13
64
LV31 1306
9/23 1480
5/24
819
1/25
136
1-/ 8 1823
III
Indebtedness:
Bill to authorize Farm Credit Administration and Secretary
of Agriculture to cancel
Veterans', adoption of amendment exempting guarantPed
loans from Regulation
I debtedness and outside business relations:
Busey, Donald Richard, assistant examiner at FRBank of
Chicago, loan with nonmember bank to be
liquidated or financed through other sources
FRBank of Boston, procedure for reporting, amendment to,
reports to be requested by and submitted to
President instead of Chairman, no objection to
FRBank of Chicago, officers and employees of, report re
lo ,n to Assistant Vice President Langum
and fee for preparation of booklet on
monetary and banking policy
Flanders, Ralph E., president—elect at FRBank of Boston,
continuation of certain connections agreed to
ilooi,:ec, John L., noted in connection with appointment as
assistant examiner at FRBank of Richmond
Independent Bankers Association of Twelfth FRDistrLet, bill
re bank holding companies, Board to take
no action re presentation of
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/ 5
71AD
11/ 3
165/,
4/ 4
529
6/22 1005
2/11
:112
4/18
604
6/ 5
883
1/13
64
162
Pages
Industry:
Financial needs of, study to be made in cooperation
with tobert .:lorris Associates
Inflati on:
s
JLonetary
policy and inflation, statement for annual
report, approved
Inscriptions:
"United States of America", legality of using on bond forms,
letter in reply to Mr. Horace Litchell re
1.1'2urance:
Blanket bonds, discussion of, no objection to continuing
Cafeteria, expense of fidelity bonds covering
operations, not to be incurred by Board
Expenditures for, draft of letter to Presidents re
Loss-sharing agreement, report of Insurance Committee
opposed by FRBanks of Boston, Chicago,
New York, and San Francisco
Discussion of, no action to be taken until all
FRBanks have opportunity to act on
report of Insurance Committee
Recommendation of FRBank of Chicago that agreement be expanded to cover registered
mail and express insurance losses
Resolution of FRBank of Chicago for indemnifying
officers, directors, and employees
against personal liability
Letter to FRBank of Boston re proposed
resolution approving
Manager for committee in connection with,
no objection to employment of
Discussion of Committee report and employment
of Manager at meeting of Presidents'
Conference with Board
Effective date of January 1, 1945 approved,
arrangement for employment of Llanager
to be submitted to Board, letter to
Mr. Day re
Revised form approved, copies to be excuted
by FRBanks, advice to Mr. Leach
Revised form executed by FRBanks, to be
effective January 1, 1945
National Service Life Insurance for men in military
service, payment of tax withheld on
refunds by FRBank of Chicago
resolution of FRBank of Minneapolis,
wail,
Registered
accepting plan of Insurance Committee,
no objection to
Registered mail and express losses, plan, condition
imposed by FRBank of New York upon
approval, removal desired
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/ 9
387
4/14
581
3/17
434
3/10
398
5/22
3/10
813
2/29
322
3/10
397
3/10
397
3/18
438
4/5
543
397
9/22 1431
9/22 1438
10/11
1555
11/30 1757
12/22
1932
9/11 1358
1/17
92
4/29
687
163
Pages
Insurance: (Continued)
Share, Mail and Express Losses, division in vote of
Presidents re, discussion of position of
4 banks opposed to
Report of Insurance Committee presented at meeting
of Presidents with Board, discussion of
vote of Presidents re
System program, to be put into effect by specified period,
or Board to disapprove further payments of
premiums, statement at meeting of Presidents
with Board
Inter-American Defense Board:
Space occupied in Board's building, arrangements to vacate
Letter of appreciation from Colonel L. S. Hitchcock
re occupancy of, acknowledged
Inter-American Training Administration:
Conferences re Central Banking Program for Republic
of Paraguay, Mr. Hammond to represent
Board, letter of advice to Mr. Hanson
Interes.Lu
rates:
T loans, schedule of fees and maximum interest rate,
letter to hr. Hinckley approved
(See also hates)
Int
erlockingDirectorates:
ABA's Post-,:,r Credit Commission for Small Business,
plan sponsored by, question of applicability of Clayton Act
Amendment to Regulation L in connection with,
to be discussed at meeting of FAG on
September 17-19
Discussion of amendment at meeting of FAG with
Board, no action on
Clayton Act, section 7:
ftesponsibility of Board for enforcement,
Mr. Dreibelbis to discuss matter Idth
Attorney General, question to be presented to FAG
8:
section
Clayton Act,
Credit Agreement, Credit
Bank
Connecticut
Committee not in violation of
illternational Bank for Reconstruction and Development,
analysis of plans for
InternatioLal finance, study being conducted for State
Department to be continued for year
' t_ernational investment bank, proposed establishment of
-LLernational payments, report on cash transactions in, to be
made to Foreign Economic Administration
Irlternational stabilization:
Bretton Woods Agreement, public statements by System
representatives, statement of Chairman
Eccles re for presentation to Presidents'
Conference approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/29
322
2/29
322
3/1
346
9/14 1372
9/19
1423
4/11
555
8/31
1299
7/29
1167
8/18
1260
9/1
1390
7/29
1174-76
10/10
1550
8/10 1226
5/9
3/7
732
371
12/30
1965
9/19
1415
.
164
Pages
Investment Company Act of 1940:
Baystate Corporation, ruled not to be investment
company under section 3(c)(4)
investment policies of banks, proposed study, naferred to
stem Advisory Research Committee
Investment securitie
Virginian Corporation Collateral Trust iiotes,
eligibility for purchase by member banks
Ira n
effect
aubel & Company, Chicago, Illinois, Regulation
on purchase of musical instruments, problem
to be considered at later time, letter re
10/3 1610
3/9
388
5/30
850
9/25
1484
1/25
134
1/11
60
Jackson,
Mr. H. B., Regulation v, extensions of credit for
maintenance and repair of residential
property, letter re applicability of
Jacksonville
Clearing Association, amendment to by-laws
re exchange charges, question of
violation of Regulation Q
JaAan ese reparations, request of State Department for services
of Frank Tamagna to assist in studies
"-1- Tea Company, applicability of Regulation
to
plan used by
premium
Johr,
letter re continuation
“son, Mr. H. T., Regulation
in postwar period, sent to
t Contract Termination Board, statement of policy on
terminvtion financing, revised draft
sent to FRBanks
JOries,
Representative Robert F., economic research and
statistical Kork of bod.rd, reply to
inquiry re
10/ 7 1539
4/3
526
2/24
294
2/12
221
V 2 1189
”K”
reply to letter re progress of legislation
on absorption of exchange charges
Kaufman,
J. A. of V,arwick btores Inc., New York City, Regulation Iv, letter re changes proposed by
4erv4in, Eugene F., services obtained for stenographic transcrint of hearing on removal of directors
of national bank
loan secured by first
Robert J., Regulation
lien on real estate, question of determining
validity of statement re, letter sent to
applicability to
Representative Paul J., Regulation
problems of Mr. Hart McCormick
kink.
gdrat, Kingsley, Regulation V credit outstanding, letter re
Mr. E.
•
Mr.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/16
256
5/5
717
9/16
1388
3/14
413
10/14 1571
11/ 7 1666
165
Pages
Labor unions:
Commitment by Federal Reserve Banks in hiring members of
labor unions, letter to FRBank of Chicago
Lac°vara, P. Philip, investment of deposits under pension
trust plan by participation in common
fund, letter re sent to
trust
L.
Harbor Co., delay in acting on application
for guarantee of VT loan
Lea
Netil: (See Counsel, special, Robertson, Leachman,
Payne, Gardere & Lancaster)
Leased
wire system:
Installation of additional telemeter circuit on
Chicago-Washington line approved
Lea-vos of absence:
Annual, beyond regular vacation, prior approval of Board
not necessary for, letter re case of Mr.
Norris 0. Johnson of FRBank of New York
.Annual, wartime regulations, modifications of
Arason, ;it's. Marylou, stenographer, reemployment
after absence on maternity leave
and salary approved
Bach, G. L., economist, granted leave of absence without pay to enter U. S. Naval Reserve
Beers, Mrs. Anna G., clerk-stenographer in Division
of Research and Statistics, granted
further extension of leave without pay
for three months, contributions to retirement system to be continued
Granted further extension of leave without pay,
contributions to retirement system
to be continued
Granted further extension of leave without pay,
contributions to retirement system
to be continued
Bertotini, irs. Madalena, charwoman, granted leave of
absence without pay because of illness
brooks, Ruth, administrative clerk, leave granted because
of illness, annual and sick leave to be
used and remainder to be taken without pay
eagle, Mrs. Caroline Hammill, junior economist,
leave without pay extended
Carter, E. A., Assistant Vice President at FRBenk of
Cleveland, granted leave of absence
with pay because of illness until retirement and supplemental payment approved
Chelberg, Nancy, stenographer in Division of Examinations,
granted leave without pay because of illness
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/10
948
4/21
642
12/22 1931
11/ 2 1652
5/ 1
5/16
692
782
9/23 1477
4/28
672
1:
1/22
113
4/15
591
6/16
972
5/ 1
692
12/14
1866
4/25
661
9/14 1367
10/%3 1610
166
Pazt-s
Leave8 of
absence: (Continued)
Christmas, annual leave not to be charged excused employees
after 1:00 p.m. on Saturday, December 23
Cox, Florence R., clerk-typist in Division of Research
and Statistics, leave granted for three
months, partly to be covered by annual
leave and remainder by leave without pay
Currie, Lauchlin, arrangement not to be continued
after January 16
Driver, Mrs. Sue, clerk in Division of Research and
Statistics, granted leave without pay
because of continued illness
Erickson, Mrs. Dorothy, clerk, granted leave of
absence without pay for period
August 22 - September 16
Granted extension of leave without pay
Erste, Anne J., Alternate Assistant FRAgent at FRBank
of Cleveland, granted leave of absence
for indefinite period
Florence, tars. Frances B., clerk-stenographer,
granted leave from December 26, 1944,
to February 28, 1945
Garfield, Frank R., economist, advance of sick leave
covering period September 2-13 approved
Garver, alter B., FRBank of Chicago, payment of tuition
and expenses for two-week course at
University of Illinois approved and
leave of absence granted
Gjelhaug, Mrs. Evelyn Simpson, file clerk, granted
extension of leave without pay previously granted by Personnel Committee
Granted extension of leave without pay, contributions to retirement system to be continued
Goebel, Mrs. Vivienne 0., stenographer, granted
leave without pay
Hagler, Herbert H., FRExaminer, reinstatement in former
position after termination of leave for
military service and salary increase
approved
Higdon, Mrs. Margaret Lee, clerk-stenographer, leave
of absence for three months granted,
accumulated leave to be used and
balance to be without pay
Jo'nnson, Norris 0., Manager of Research Department at
FRBank of New York, leave of absence with
pay for one month commencing upon termination of vacation to restore health, prior
approval of Board not necessary for
Kline, Ulliam A., printing clerk, granted leave to
enter active duty in U. S. Army, leaves
formerly granted for training courses
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/18
1904
6/12
953
2/19
270
6/24 1316
8/22 1274
10/ 2 1508
6/21 1002
12/14 1868
10/14 1570
6/15
967
5/22
810
9/27
1495
10/ 9 1544
5/27
837
5/27
838
5/1
692
1/5
13
167
Pages
Lea
vcs of absence: (Continued)
Laursen, Mrs. Agnete, research assistant, granted advance
of sick leave and leave without pay
Loverton, Mrs. Louise E., clerk-stenographer in Division
of Research and Statistics, additional
leave without pay granted, and reemployment after maternity leave approved
IlL,cDowell, Dubose, clerk, reinstatement in former
position after termination of military
leave and salary increased
Mitchell, George h.) FRBank of Chicago, leave to
conduct study for Civil Aeronautics
Board, no objection to
Myer, Mrs. Eleanor, secretary to Mr. uurrie, arrangement not to be continued after January 16
Poundstone, Mrs. Florence, clerk in Division of Personnel
Administration, granted leave without pay
for January 14 - March 15, not to continue
contributions to retirement system
Leave of absence without pay extended
because of illness
Rice, Violet May, clerk-stenographer, granted leave
of absence without pay to enter U. S.
Marine Corps, omen's iteserve
Rogers, Mrs. Dorothy, charwoman, granted leave without
pay, death benefit insurance to be
continued
Sanford, Mrs. Carrie L., telephone operator, leave
without pay because of illness granted,
Board to continue contributions to
retirement system, provided she makes
insurance payments
Extension of leave without pay gr, nted
Skees, Laurence E., examiner, leave of absence
without pay extended
Somers, Ruth, clerk in cafeteria, granted leave of
absence without pay because of mother's
illness, insurance benefits under retirement system to be continued
Voting leave, absences authorized for
al rights as between stockholders and prospective purchasers of stock of a bank, inquiry on
islation:
Absorption of exchange or collection charges:
Hearings on before Banking and Currency Committee
of Congress, statement re by Messrs. Ransom
and McKee at meeting of FAC with Board
Bill to be introduced in House by Congressman
Paul Brown, hearings to be held on
Letter to Mr. Kane on status of bills
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/17
977
3/4
364
11/ 1 1644
8/12 1233
2/19
270
1/11
56
3/17
429
10/24 1614
7/14 1098
3/22
464
5/16
779
8/25
1284
4/15
590
10/16 1574
8/16 1250
1/5
16
1/13
:/16
62
256
162
Pages
Le
gislation: (Continued)
Absorption of exchange or collection charges: (Continued)
Hearings on Brown-Maybank bill to be held before
Senate Committee, discussion at meeting
of FAC with Board
by FDIC, bill to exempt amount of
banks
Assessments on
examination charge paid to Comptroller
of the Currency
Attorneys and economists of Board assigned to drafting
and analyzing bills, reply to Honorable
Howard V, Smith
Bank holding company, draft of bill re supervision of,
submitted to Comptroller of the Currency
and FDIC, question of giving copy to FAC,
discussed at meeting of FAC with Board
Preamble to proposed bill, statement re banks
engaged in interstate commerce, question of
Request of FAC for copy of draft of bill re at
meeting on February 13, question of
Preamble in proposed bill changed to eliminate
reference to interstate commerce
Bill of Independent Bankers Association of Twelfth
FRDistrict, Board to take no action re
presentation of
Status of draft of bill, further conferences with
Congressman Patman, Secretary lorgenthau,
and the President suggested
Bill introduced by Congressman Patman
Draft of bill, request made by FAC members to see
copy of, discussion at meeting of FAC
with Board
Statement re to be put in annual report,
suggestion discussed
Bill to be taken up by Mr. Patman for consideration
Statement to be prepared for annual report
and submitted to the Board
Lta-kiement for annual report discussed, to be
revised and resubmitted to Board
Statement for annual report, approved
Request of FAC for copy of bill re, discussion
at meeting of FAC with Board
Draft of bill prepared by Board, copy sent to FRBanks
Draft of Board's bill, copies sent to Mr. Patman
FAC to be notified by Mr. Uorrill and to receive
copies of, upon information that introduction of bill by Mr. Patman is about
to take place
Introduction by Mr. Patman not to be at present,
upon advice of Treasury, telegram to FRBanks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/ 4 1785
2/11
200
9/23 1482
1/ 5
20
1/ 5
21
1/13
63
1/13
64
1/13
64
1/13
1/13
65
66
:714
234-9
2/15
3/ 8
247
383
3/91
513
4/11
4/14
563
581
5/15
5/18
5/18
753
792
792
5/19
794
5/20
801
169
Pages
Legislation:
(Continued)
Bank holding company: (Continued)
Mr. Voorhis to discuss introduction of with -r.
Patman, Chairman and Mr. McKee to be
informed of results
Problem stated in 1943 Annual Report, advice
of FAG welcome
New bill to be introduced by Congressman Patman
Banking Act of 1935:
History of, reference to in connection with
FAG request for drafts of bills
Banking quarters for branch banks of FRSystem,
amendment to section 10 of FRAct,
to be discussed at next meeting
of Presidents' Conference
Discussion of expansion of branch bank building
facilities at meeting of Presidents
with Board
Borrowings by State governments from FRBanks,
letter in reply to Mr. Otto A. Case re
Branch and group banking, 4uestion of draft of bill re,
discussed at meeting of FAO with Board
Bretton "oods agreements, Messrs. Eccles and Szymczak
to prepare recommendation re management
of Fund, etc.
Statement re Board's progr,m, Messrs. Eccles and
Szymczak to discuss with State and
Treasury Departments and to submit
recommendation to Board as to date
of publication
Treasury draft re, discussion of Board's views on,
further material to be submitted
Treasury draft, status, not to be discussed
at meeting with Presidents
Status of draft revie.v.ed
Brown Bill, re absorption of exchange charges, question of preferential rate to member
banks in connection with
Brown and liaybank bills, absorption of exchange
charges, Chairman Eccles to discuss
matter with Senator Wagner before
reconsideration by Board
itAatus of, discussion of means of defeating,
at meeting of executive committee
of FAC with Board
Discussion of time for hearings and attitude
re at meeting of executive committee
of FAG with Board
Statement of Executive Council of American
Bankers Association on
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/22
807
9/18 1398
12/ 1 1776
9/18
1393
11/20 17
1;7/11
1843
1/29
148
1/5
19
11/21 1725
12/ 1 1768
12/ 7
1816
12/ 8 1824
12/22 1926
3/1
340
3/ 6
362
3/ 8
379-21
4/ 5
549
4/%1
637
170
Pages
_Leg
islation: (Continued)
Brown and Maybank bills: (Continued)
Confusing reference to Regulation Q in Resolution
adopted by Rhode Island Bankers Association
Recent developments re, discussion at meeting
of FAC with Board
Reproduction of analysis by Mr. Stroud, no objection to
Hearings to be held week of August 7
Enforcement of Regulation Q in event of defeat of,
discussion at meeting of Presidents -o.ith
Board
Discussion of letter to nonpar banks from
Mr. Gormley, drafts of letters to
be submitted to Board at later date
Letters of appreciation to associations and
Senators who aided in opposing passage
in Senate, draft approved
Checks drawn on basis of fraudulent vouchers, report
on H. R. 3513 as to liability for
Claims against closed banks, analysis of Thoric_s Bill,
S. 1892
Condition of banks, information re, statement to be
prepared for annual report and submitted
to Board
Statement for annual report discussed, to be
revised and resubmitted to Board
Draft of revised statement for annual report,
Mr. McKee to present at meeting et
executive committee of National
Association of Supervisors of State
Banks, matter to be considered later
by Board
Contract':ettlement Act of 1944 (S. 1718), effective
July 21, FRBanks requested to send
comments re proposed forms of guarantee
and loan agreements in connection with
termination loans
Statement to be published in August issue of FRBulletin
Vvar Loans Committee authorized to administer
Federal Reserve activities pursuant to
Copies furnished to Presidents, advice as to future
action, statement of Chairman Eccles re
Director, of FRBanks, drafts of amendments limiting
terms of Class A, B, and C to two years
discussed
Fc7,ir 1,,,
,bor Standards Act in relation to Reserve Banks,
statement of Presidents Conference re,
Board to give prompt consideration to
question of ruling
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/24
654
5/15
770
6/ 1
868
7/29 1169
12/11
1845
12/22 1929
12/29 1955
3/3
361
5/19
798
3/31
513
4/11
563
4/14
581
7/ 4 1065
7/26 1146
9/ 6 137
3/ 1
341-3
12/ 1 1766
12/11
1:348
171
Pages
Legislation:
(Continued)
Fair Labor Standards Act: (Continued)
Applicability to FRBanks, memo proposing procedure
for obtaining ruling re, to be read
before action on matter
Question to be discussed with representatives
of Wage and Hour Division
Mr. Leonard to discuss matter of ruling
with Mr. Sproul, letter re sent to
Mr. Day and all FRBanks
Federal Ldvisory Council, discussion of proposed
legislation with, opinion of Mr. Eccles
on principles involved
copies proposed by Board, discussion
for
ae,uests
in connection Ath bank holding company
bill, at meeting with Board
Iniormation desired from Board, discussion at
meeting of executive committee of
FAC with Board
Request for copies of bank holding company bill,
memo of counsel re, Chairman Eccles
to state Board's position at meeting
of FAO on September 18
Revised memo and legal opinion re re:;:uest for
copies of bank holding company bill
approved, to be read at Council
meeting if question raised
Request for drafts of bills, memo of Board,
and discussion re at meeting of
FAC with Board
FRAct:
Proposed amendment to permit States to borrov.
from FRBanks on security of Government
bonds, letter to Mr. Case re
12:
Section
"Reserve conditions in the various districts",
meaning of, discussed at meeting of FAG
with Board
Section 13b, amendment to, suggestion to Messrs.
Baruch and Hancock that money be made
available for loans to private financing
institutions by
Expansion of, status of suggestion by
Baruch Report, discussed at meeting
of executive committee of FAC with Board
Amendment proposed re authority of FRBanks
for industrial loans, letter of Chairman
Eccles with enclosures to FRBanks,
comments requested
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/18
1899
12/26
1939
12/2.9 1953
2/14
237
5/15
753
6/ 7
921
9/12 1359
9/15
1375
9/18
1394
2/25
304
9/18
1408
2/14
231
3/ 8
382
4/29
684
172
Pages
Legi
slation: (Continued)
FRAct: (Continued)
Section 13b: (Continued)
Amendment proposed in Baruch-Hancock report
for industrial loans, draft of bill and
memo re sent to Messrs. Wagner and Spence
Amendment re authority for industrial loans,
request of FAC for draft of bill, discussion at meeting of FAC with Board
Amendment proposed to, status of, small loans
bill and background statement discussed
at meeting of FAC with Board
Amendment to, limitation on amount of guarantee,
discussion at meeting of FAC with Board
Amendment to, letter from Mr. Sproul re his
comments on bill, and Mr. Draper's reply after discussion of matter
Amendment to, suggestions as to changes in
bill, discussion at meeting of executive
committee of FAO with Board
Discussion of bill at meeting of Presidents
Conference with Board
Proposed amendment, definition of terms
discussion of passage, at meeting of
FAC with Board
section 22(g):
Loans to executive officers by member banks,
prior to June 16, 1933, position of Board
expressed in letter to Mr. Gidney, January
28, 1938, further action to be withheld
for several months, advice to Comptroller
of the Currency
Foreign central banks and governments, balances to be
carried by FRBanks, need for legislation
re discussed by Chairman Eccles and Bit'. Bell
Garnishment of salaries of officers and employees of
Government, no report to be made on H. R. 2985
(joie, reserves, reduction of requirements, discussion
at meeting of FAC with Board
Government securities to be purchased by FRBanks,
amendment to section 14(b) extended,
to be published in FaulleLin
Holding company bills, FAC requests for drafts, discussion at meeting of FAC with Board
4. R. 1818, re costs of Federal examinations of
insured banks, favorable report to
be prepared by Mr. Vest
That costs of one examination of national banks
by Comptroller of the Currency be
borne by FDIC, re.luest for consideration by Presidents
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/ 5
708
5/15
754
5/15
760
5/15
769
5/25 (24-28
6/ 7
922
9/22
1453
12/ 4 1788
6/13
956
12/ 1
1765
4/14
576
12/ 4
1777
12/29
1963
9/18
1394
2/11
200
2/29
330
173
Pages
.
Le,i,
,lation:
(Continued)
H. a. 1818: (Continued)
Costs of Federal examinations of insured banks,
draft of report to be revised and
resubmitted to Board
iteport sent to Mr. Spence, copies to Messrs.
Crowley and Bell
H. R. 2985, garnishment of wages and salaries of Federal
employees, no report to be made on
H. R. 3022, to make Comptroller General final judge
of amounts due contractors under
terminated war contracts, opinion of
Board re credit under, letter to Er.
Hancock re
Query of Mr. Hancock re loans by member banks
under, in comparison with plan in S. 1718,
views of FRBanks requested
H. R. 3513, to amend section 1313 of law code for
District of Columbia, discussion of,
draft of favorable report to be
prepared by Legal Division
Enactment favored by Board, letter to Mr. Bailey re
H. R. 3854, to authorize participation by United States
in establishing United Nations Bank,
hearings to be held on, representatives
of Board asked to appear, but Board to
take no position on at present
H. h. 3873, surplus property act of 1943, procedure
revised so memoranda on bills not sent
to files until seen by all members of Board
E. 3956, absorption of exchange charges, to be
considered by House Banking and
Currency Committee
Draft of report approved informally, report to
be delivered to Chairmen of Banking
and Currency Committees
Report sent to Chairmen of Senate and House Banking
and Currency Committees, copies sent to
FRBanks, FAG, and National Association
of Supervisors of State Banks
Reported favorably by House Banking and
Currency Comraittee
Majority and minority reports of House Banking
and Currency Committee on, copies and
covering letter from Board sent to FRBanks
Lotter to Mr. R. H. Norris re Board's covering
letter on reports of
Letter to Mr. P. E. Murphy, enclosing copy
of transcript of Hearings on
Information requested from FDIC; for hearings on,
letter to Mr. Crowley closing matter
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/ 9
387
4/:0
677
4/14
,76
4/28
674
4/29
686
2/22
3/ 3
283
1/13
68
1/13
72
1/19
100
1/19
101
1/24
119
2/11
210
2/18
266
3/ 1
352
3/20
440
8/11
1230
361
174
Pages
Le
gislation: (Continued)
H. R. 4384, to provide credit service to farmers,
report of Department of Agriculture r,D,
5/20
no objection to submission of
H. R. 4601, re small business and Smaller ar Plants
Corporation, views of Board expressed
8/ 3
in letter to Bureau of the Budget
H. a. 4804, to amend section 13b of FRAct, letter
5/23
to Congressman Spence reporting on
Testimony of Chairman Eccles before House
Banking and Currency Committee,
statement re V and VT loans sent
to Messrs. Gamble and Spence and
9/ 2
members of Committee
FL R. 5258, to amend section 5155 of Revised Statutes
re establishment of branches by national
banking associations, favorable report
9/27
sent to Mr. Spence
Individual Income Tax Act of 1944, new Withholding
Exemption Certificate, Form
11/ 9
instructions to employees of Board
Industrial loans, to amend section 13b of FRAct,
5/23
reports on bills S. 1918 and H. R. 4804
Industry, copy of any legislation proposed by Board
3/1
re, to be sent to Presidents
Interbank deposits, legislation to regulate,
2/14
no basis for report of
Period",
Postwar
"Legislation to Finance Business in the
statement by Chairman Eccles read at
9/18
meeting of FAC with Board
Eccles
Chairman
Statement to be presented by
at meeting of Presidents' Conference
9/22
with Board
Statement read at meeting of Presidents'
9/22
Conference with Board
Loan
limitations of State banking laws, proposed amend—
8/ 8
ments exempting Federally guaranteed loans
Loans on farm land, amendment to law suggested by Farm
Credit Administration, letter to 2r. A. G. 131aek 2/11
1/18
No further action to be taken by Board at present
Uzybank bill, letters of appreciation to associations
and senators who aided in opposing
12/29
passage in the Senate, draft approved
(See supra Brom and Maybank bills)
Mead bill involving credit to small business, discussed
at meeting of executive committee of
3/8
Federal Advisory Council
Membership in FRSystem of national banks outside
of continental United States,
2/25
amendment to law suggested
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
802
1195
816
1314
1497
1669
816
341
:35
1392
1432
1462
1A_8
195
1900
1955
381
304
175
Pages
Lee
..
,
Islatien: (Continued)
Pending bills affecting banks, list sent to FAC
each month, discontinuance of
Procedure for memoranda on, not to be filed until seen
by all members of Board and members not
to be marked absent on memoranda
i'roposed amendment to permit nonmember national banks
in Alaska and U. S. insular possessons
to maintain part of required reserves
with members of FRSystem, suggestion
noted, letter to Mr. Clerk
heports on proposed, circular from Bureau of the Budget
requesting submission of recommendations
for new, no action taken
fleport3 to Congress, discontinuance of, Board
not in favor of
Revised Statutes, section 5219;
Proposed revision re taxation of national banks,
Mr. Viyatt to advise ABA that Board has
no objection to
No objection to enactment of, reply to Mr. Spence
,-econd iar Powers Act, extension of provisions for tv,o
years recommended, including authoriLy
to FRBanks to purchase Government obligations directly from Treasury
Extension of powers, including authority to FRBanks
to buy Government obligations directly
from Treasury, recommendation re, letter
stating Board's approval of
Status of, Chairman Eccles to talk with
Under Secretary of the Treasury re
Authority for FRBanks to purchase Government
securities directly from Treasury,
discussion by Chairman Eccles with
Lir. Bell re
S. 47, to provide for long-term forestry credits,
revised draft of reply to Budget Bureau re
Revised letter sent to Bureau of the Budget
S. 756, to amend Federal Home Loan Bank Act and Home
Olhners' Loan Act of 1933, report in
opposition to, sent to Senator Viagner
Federal Home Loan Bank System, Board's letter
stating objections and suggested changes
approved, to be incorporated in record
hearings
of
0•
757, to amend Federal Home Loan Bank Act and Home
Owners' Loan Act of 1933, report in
opposition to, sent to Senator r:agner
Federal Home Loan Bank System, Board's letter
stating objections and suggested changes
approved, to be incorporated in record
of hearings
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/14
230
1/13
72
2/25
303
8/18 1258
5/ 8
729
706
5/ 5
9/ 2 1315
4/21
645
5/17
786
11/21 1723
12/ 1
1765
2/11
2/11
198
207
5/24
819
12/18
1827
5/24
819
12/18
1887
176
}ages
Legislation: (Continued)
6. 1034, to reduce assessments due by insured members to
Federal Savings and Loan Insurance Corporation, report in opposition to, sent to
Senator Vvagner
Federal Home Loan Bank System, Board's letter stating
objections and suggested changes approved,
to be incorporated in record of hearings
S. 1642, absorption of exchange or collection charges,
bill to amend section 19 of FRAct to
Provide that it not prohibit, introduced by Senator Maybank
Draft of report approved informa)ly, report to
be delivered to Chairmen of Banking
and Currency Committees
Report sent to Cnairmen of Senate and House Banking
and Currency Committees, copies sent to
FRBanks, FAC, and 'Aational Association
of Supervisors of State Banks
Advice to FRBanks concerning replies to letters
from member banks re Board's rport on
Maybank Bill, effect on FRSystem, letter to
Senator Buck re
S. 1688, to authorize Farm Credit Administration and
Secretary of Agriculture to adjust or
cancel indebtedness, etc., no objection
to proposed report of Department of
Agriculture
6. 1718, George-Murray Bill, credit by commercial banks
under, letter to Mr. Hancock re opinion
of Board
Effective July 21, FRBanks retiuested to send
comments re proposed forms of guarantee
and loan agreements in connection with
termination loans
Q. 1777,
provide for Small Business Finance Insurance
Administration in Department of Commerce,
introduced by Senator Taft
Report not to be submitted at present
Views of Board expressed in letter to
Bureau of the Budget
6. 1892, Thomas Bill, analysis of technical aspects
by FRBank of San Francisco, no action
likely at present on
Bill to require U. S. obligations owned by banks,
etc., to have par value, report requested
by Senate Banking and Currency Committee
not to be made at present, advice to Treasury
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/24
819
12/18
1887
1/13
62
1/19
101
1/24
119
2/11
210
3/27
488
5/ 5
710
4/28
674
7/ 4 1065
4/29
685
6/23 1010
8/ 3 1196
5/19
798
7/29 1157
177
Pages
.
Lepl.
slation: (Continued)
S. 1918, to amend section 13b of FRAct, report in favor
of sent to Itescrs. V.agner and Spence
Report of War Department re, Board in favor of,
letter to Bureau of the Budget
Views of Board expressed in letter to
Bureau of the Budget
S. 2004, Smaller War Plants Corporation, passage of,
discussion of additional funds for,
at meeting of FAG with Board
Small business, bill prepared by Senator Laead re,
no position taken by Board on
Possibilities for aiding, discussion at
meeting of FAG with Board
Discussion of Mead proposals and suggestions
of Board to :dr. Byrnes, at meeting
of Presidents with Board
Discussion of Mead Bill, Baruch Report, and Smaller
i-4a.r Plants Corporation, at meeting of
executive committee of FAG with Board
Provisions for financing in reconversion period,
letter of Chairman Eccles with enclosures to FRBanks, comments requested
611al1er ktar Plants Corporation, bill to enlarge powers
of, prepared by Senate Small Business
Committee
bill to expand authority of, statement by
Chairman Eccles re and discussion
at meeting of FAG with Board
Lection 13b, modification, proposal by Mr. Ulverman,
discussAon at meeting of Presidents' Conference with Board
Bill to provide for small business loans by,
no action taken re
Bill increasing funds for loans, item in
American Banker re report before Banking
and Currency Committee of House
State:
Program of Council of State Governments for 1945,
FRBanks requested to advise Board of
proposals to be submitted for
Council of State Governments for 1945, no new
proposals for, advice to Attorney General
Tax on bank deposits, question of abolishing to
correct shift of deposits, discussion
at meeting of FAO with Board
Surplus property act of 1943, consideration of
memorandum of counsel on
United Nations Bank for Reconstruction and Development,
bill on establishment of
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/23
816
7/ 5 1069
8/ 3 1196
12/ 4 1789
2/14
230
2/14
231
2/29
326
3/ 8
381
4/29
685
4/29
685
9/151
1392
9/22 1462
11/24 173
11/24 1738
4/20
630
8/ 8 1218
5/15
776
1/13
72
1/13
68
178
Pages
Legislation:
(Continued)
Veterans Preference Act of 1944:
Effect on Board's personnel procedure discussed
hir. Leonard designated as representative to meet
with Civil Service Commission to discuss
drafting of regulations for
.„ner-Spence bill, to amend section 13b of FRAct, status
of, discussion at meeting of FAG with Board
Support for, discussed in connection with FAG
Lettrequest for drafts of bills
ers of appreciation:
Associations and senators who aided in opposing passage of
Maybank bill in the Senate, draft approved
Banco de la Republica del Paraguay for services of
Mr. Triffin, permission requested for
payment of Mrs. Triffin's expenses,
State Department and Paraguayan Embassy
to be consulted
Currie, Lauchlin, Deputy Administrator of the Foreign
Economic Administration, for services
as member of Board's Staff
FRBank of Boston, on 30th anniversary
Ferguson, Phillip C., Director at Oklahoma City branch,
resignation accepted and letter of
appreciation for services sent to
Board, acknowledgment of letter
Defense
Inter-Americn
from Colonel L. S. Hitchcock re occupancy
of space in Board's building
Pena, Senor Julio, for courtesies shown Mr. Triffin
on trip to South America
LiPsky, Mr. A.
W, letter re continuation
Regulation
,
J.
post-war
period, sent to
in
LiStS:
Automobile dealers registered under Regulation W,
FRBank of Kansas City to furnish to OPA
Registrants in automobile business, no objection to
FRBank of Dallas furnishing to OPA
brokers:
F. S. Moseley & Co., activities not in violation of
section 7(a) of Regulation T
colauitments:
b
i instrucContingent liability schedule, no change
tions re reoorting in
-" of employees to other departments:
Adler, J. Hans, lo_n to Navy Department for special assignment
Chattel mortgages in Connecticut, validity of,
proceedings before Referee in Bankruptcy,
advice re decision requested
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/18 1259
7/15 1106
9/18
1391
9/18 104
12/29 1955
10/17 1521
2/25 298
11/13 1680
6/19
989
9/19 1423
7/22 1134
2/24
294
7/28 1153
7/22 1134
12/ 8 1828
4/25
665
11/22 1729
10/26
1630
179
Pages
L°4a3: (Continued)
Definition in connection with proposed amendment
to section 13b of FRAct
Executive officers, by member banks, extension of
time for renewals, inquiry re by ABA
Prior to June 16, 1933, limitation in section 22(g)
of FRAct, position of Board expressed in
letter to Mr. Gidney, January 28, 1938,
further action to be withheld for several
months, advice to Comptroller of the Currency
Procedure re classification, information sent to
FRBank of San Francisco and Comptroller
of the Currency
Farm land, letter to Mr. A. G. Black re amendment to law
suggested by Farm Credit Administration
Legislation re, no further action to be
taken by Board at present
Florida National Bank at Ocala, Florida, loan from
FRBank of Atlanta for purchase of
Government securities, matter to be
discussed at next meeting of Presidents'
Conference
Forestry program, revised letter re S. 47,
sent to Bureau of the Budget
3022, query of Mr. Hancock re loans by member
banks under, in comparison with plan
in S. 1718, views of FRBanks requested
Industrial:
Suggestion in Baruch Report that section 13b of
FRAct be expanded and liberalized, discussed
to FRAct, section 13b, letter
amendment
Proposed
of Chairman Eccles with enclosures to
FRBanks, comments requested
Draft of bill amending section 13b and memo
sent to Messrs. Wagner and Spence
Legislation proposed by Baruch-Hancock report,
request of FAG for copies
Amendment to section 13b of FRAct, reports
on bills S. 1918 and H. R. 4804
Letter from Mr. Sproul with comments on bill
and reply of Mr. Draper
Repurt of Vvar Department on S. 1918 to amend
section 13b of FRAct, letter to Bureau
of the Budget approving
Wagner-Spence bill, to amend section 13b of FRAct,
status of, discussion at meeting of FAG
with Board
Commitment fees on loans under section 131D of Ft-i.Act,
no objection to reduction for conformity
with Regulation V
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/ 4 1788
1/13
73
6/13
956
8/12 1237
2/11
195
12/18 1900
11/ 3 1657
,?/11
;_07
4/29
686
3/8
382
4/29
684
5/ 5
708
')/15
754
5/23
816
5/25
824
7/ 5
1070
9/18 1391
9/22 1432
180
Pa,q7es
ens: (Continued)
Netherlands Government, negotiations of FRBank of New York
with representatives approved, loan to be
held for account of Chase National Bank
Loan by syndicate of banks with Chase
National Bank as manager approved
New Jersey Veterans' Business Loan Act of 1944, suggested amendment to Regulation Vv to
exempt loans made under, letter to
Mr. Erdman re
Pierce Trading Company, subsidiary of Brantley
Company, advance by Blackshear Bank
considered loan to affiliate
Proposed amendment to FRAct to permit States to
borrow from FRBanks on security of
Government bonds, letter to Mr. Case re
Securities, maximum loan values under Regulations T and U,
reduction in, memo of gr. Parry re, to be
considered further at Board meeting on
June 23
Matter to be considered again, statement re to
be drawn up by Messrs. Draper and Parry
6ervicecien's Guaranteed, adoption of Amendment
No. 14 exempting from Regulation W
business:
ABA's Post-War Credit Commission for Small
Business plan sponsored by, question
of applicability of Clayton Act
Bil prepared by Senator Mead re, no position
taken by Board on
Discussion of itlead proposals and suggestions
of Board to Mr. Byrnes, at meeting
of Presidents with Board
Letter to Bureau of the Budget on H. R. 4801
iLcconvcrsion financing, reply to be
drafted to Senator Murray re
Letter to Senator Murray to be revised,
matter referred to I'var Loans Committee
Smaller V,ar Plants Corporation, bill to provide
for small business loans by, no
action taken re
Bill increasing funds for, item in American
Banker re report before Banking
and Currency Canunittee of House
State governments, borrowings from FRBanks, letter
in reply to mr. Otto A. Case re
Veterans:
Distribution of regulations and forms for Veterans
Administration, no request to be made for
reimbursement, not to be reported in Form E
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/12 1363
10/13 1567
12/ 7 1821
8/17 1254
2/25
304
6/20
996
6/23 1012
11/ 3 1654
7,2;21:
112:
l
2/29
326
8/ 3 1195
11/24
1737
12/ 7 1815
11/24 1735
11/24 1738
1/29
148
11/22
1731
181
Pages
Loan •
(Continued)
Veterans: (Continued)
Farms and farm equipment, regulations re, copies to
be distributed by FRBanks, letter to lkdr.
Fry
Copies to be distributed by FRBanks,
telegram to Mr. Peyton
Forms 1800 — 1806, information on preparation
and use of
Home Purchase or Construction, statement to be
published in December issue of FRBulletin
Homes, instructions to FRBanks re distribution
of forms
Partially guaranteed home, statement re to be
published in January 1945 issue of Ffd3u11etin
Loen4- •
ion of banks:
East Side Trust and Savings Bank, Chicago, Illinois,
no objection to change
Newton Trust Co., Newton, Massachusetts, to acquire
assets and assume liabilities of
;.altham National Bank and removal of
head office to Waltham
LOriginotti,
Mr. E. F., Regulation W, exemption of financing
of home repairs and maintenance from,
letter in reply to
Louisiana:
Condition reports, joint publication by State meiaber
banks in, no objection to
L u;
.
-LsIaLie, luncheon arranged for bankers to hear speech by
Harry lahite on Bretton woods agreements
Luncheon money, differential payment to employees of FRBank
of Philadelphia assigned to new location
Llincheons
:
Bretton l,00ds agreements, meetings arranged by Presidents
of FRBanks of Atlanta and St. Louis for
bankers in Birmingham, Louisville, and
Nashville to hear speeches by Mr. Vvhite re
Executive Committee of National Association of Supervisors
of State Banks, acceptance of invitation,
letter to Mr. John D. Hospelhorn re topics
for consideration and arrangements
414H.
111g, Mr. F. J., Regulation V, premium advancement practice,
no ruling issued yet re, telegram to
etopourg, report on currency conversion, reuest for copy of
12/29
1962
12/29 1963
12/
1P30
11/%3 1754
11/22 1731
12/29 1963
4/27
669
12/27 1949
2/2
158
5/5
719
12/ 8 1825
5/17
785
12/ 8 1825
3/24
476
2/12
222
12/27 1951
•
Cost of handling, increase for postage and expressage
in Service Functions, budget of Secretary's
Office increased to cover
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/21
1131
182
Pages
(Continued)
Foreign Department of FHBank of New York, to be addressed
to Board, attention of Secretary's Office
-="u"er problem of member bans, discussion at meeting
with Presidents
Draft of letter to Mr. McNutt transmitting letter of
executive committee of FAG, to be revised
and approved after discussion of matter
by Mr. Leonard with Comptroller of the
Currency and FDIC
Letter to Mr. Braun re at Chippewa Trust ComuanY,
St. Louis, Missouri
N0 action pending receipt of more information
arluals:
Earnings and expense reports of FRBanks, revised Alanual
and forms, supply sent to FRBanks
!kr,.
Gln requirements, increase in:
Discussion of, no action by Board on
Reply to Mr. Purcell on views of Securities and
Exchange Commission
/Aar •
itime Commission:
Conference on August 21-22 re termination loans,
suggestions for agenda and names of
representatives re(2uested
& McLennan, insurance brokers, discussion of employment
by Insurance Committee
ling, Mr. G. A., Regulation
letter re continuation
sent to
post-war
period,
in
ticGirr,
11 H. C., nominee of Bank of America W. T. and S. A.
as Class B director at San Francisco
147,
ct‘eo-4n, ,. T., Federal Farm loan coupons and bonds,
payable at FRBanks, no objection to
statement on face re
'-usorption of exchange and collection charges, bankers in
Charlotte, North Carolina, agreement to
discontinue
1304rd of Governors, international stabilization, to be
held on March 13, for revievi of February
1944 draft of Joint Statement on establishment of fund
Preliminary discussion of plans for monetary
fund and Bank, to be held on June 2
,ionetary fund and Bank, to discuss plans for,
on June 6, question of inviting Mr. Grady,
decision to be left to Mr. Creighton
Personnel committee of board of directors of FRBank of
Cleveland with Board, discussion of
selection of president as successor
to Mr. Fleming
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/13
573
3/ 1
334
4/14
583
5/12
3/ 9
748
389
12/ 9 1835
10/ 5
1527
8/11
1229
8/12 1237
9/22 1438
2/24
294
11/21
1728
12/ 2 1782
1/ 6
24
3/ 7
372
5/31
862
6/ 2
874
6/ 8
933
183
Pages
eetings: (Continued)
Presidents, small committee to discuss plans for monetary
fund and Bank for Reconstruction, on June 6
Presidents' Conference, at FRBank of Cleveland, discussion
of advisability of meeting in Washington,
but no decision reached
Representatives of 12 nations to prepare flgr-ndr1 for international monetary conference, to be on June
15, meeting facilities in Board's building
to be offered to
Subcommittee of Joint Contract Termination Board, meeting
of members and Mr. Hancock with representative bankers to discuss statement of policy
on contract termination financing
SYstem conferences, suggestion that all be held in Washington
Technical group to prepare agenda for international
conference, group to attend on June 15
Treasury:
Bretton Vioods agreement, legislation for, discussion
of Board's viers re, further material to
be submitted
FRnotes, reduction in orders for printing,
program for, matter to be discussed at
eotil1gs
outside Vvashington to be discussed at meeting
with Presidents of FRBanks
To be discussed at Conference of Presidents
140, Discussion at meeting of Presidents with Board
4-1-0/1 Institute, outline of history of organization and
functions, in connection with proposed
contribution to Southern Research
Institute by FRBank of Atlanta
Ilelliber banks:
Condition report:
Size groups, reply to 1x. Paton, ABA, enclosing
report form re
,eekly reporting in central reserve cities:
Chicago, ,iuestion of change in time of release,
to be determined later
New York City, .luestion of change in tine of
release, to be determined later
veekly reporting, in leading cities, change in
time of release
iz-irlpoer problem, discussion of at meeting of Presidents
with Board
Draft of letter to Mr. McNutt transmitting letter
of executive committee of FAC, to be
revised and approved after discussion
of matter by Mr. Leonard with Comptroller
of the Currency and FDIC
No action to be taken, pending receipt of further
information re
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/31 rs 55-61
1/19
102
5/31
853
1/13
1/13
73
70
6/10
943
12/ 7 1816
9/19 1413
2/15
2/22
3/ 1
244
284
346
7/17 1112
7/24
1137
5/20
802
5/20
802
5/20
802
3/ 1
334
4/14
583
3/ 9
389
184
Pages
Ileaber banks: (Continued)
Operating ratios, revised work sheets for use in compiling
teserve balances, Saturday close-of-business balances to
be repeated for Sunday, rather than Monday
close-of-business balances, letter re
continuance of procedure
,
ecurities, purchase of "when issued", no objection to,
Hill
letter to
'-'e
4ezb rship
in FRSystem:
Itmerican Bank and Trust uompany, Racine, isconsin,
application approved, compliance with
condition No. 6 waived, savings account
to be brought into conformity ;dith law,
and trust department to be supervised
carefully
Certificate transmitted
Annapolis Banking and Trust Company, Annapolis, Maryland,
application approved, subject to charge
off of losses and certain other conditions
APPlications, doubtful:
American Falls Bank, Inc., American Falls, Idaho,
application approved on December 21, 1940
Bank of Nevada, Las Vegas, Nevada, question of voting
permit of Transamerica Corporation in
connection with application, no action in
favor of to be taken, letter re to be
prepared
Custer County Bank, Challis, Idaho, application
approved, after discussions, without
recommendation of FRBank of San Francisco,
letter to be prepared for Mr. Day
Farmers State Bank, 'allace, Nebraska, application
approved on October 29, 1938
k,sbury Park and Ocean Grove Bank, Asbury Park, New Jersey,
application approved, subject to special
condition re paid-up capital, ruling of
Attorney General re stock certificates
to be complied with, savings accountc,to
be brought into conformity with law, and
retention of branch at Neptune, New Jersey,
approved
Certificate transmitted
Bank of Berkeley, California, status of Fidelity Acceptance Corporation upon admission of
Bank of Brinkley, Arkansas, application approved
Certificate transmitted
Bank of Clacke County, Berryville, Virginia, time for
closing of branch in Boyce, Virginia,
before accomplishing membership, information re
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/27
1496
6/21
1003
3/14
412
5/ 3
5/16
699
781
12/ 5
1805
6/27
1030
6/29
1039
6/27
1028
6/27
1029
8/ 5 1206
10/ 4 1513
11/10
4/24
1/17
1667754
91
185
Pages
Lien%
ership in FRSystem: (Continued)
Bank of Corning Company, Corning, Ohio, application approved
Certificate transmitted
bank of Galesburg, Illinois, application approved,
savings accounts to be brought into
conformity with law and copy of Auditor's
certificate of authority re trust funds
requested
Certificate transmitted
Bank of Holden, Missouri, application approved,
common stock to be shown at par value
Bank of Malverne, New York, application approved
Certificate transmitted
Bank of 'Manlius, New York, application approved
Certificate transmitted
Bank of Nevada, Las Vegas, Nevada, application for,
no decision reached
ApDlication, question of voting permit of Transamerica Corporation in connection with,
no action in favor of to be taken,
letter to be prepared
Application of Transamerica Corporation for voting
permit prerequisite for, Board not in
favor of, letter to Mr. Clerk
Application, not to be acted upon until voting
permit requicement fulfilled by Transamerica Corporation, bank to be advised
Bank of New Hyde Park, New York, certificate transmitted
Bank of Ripley, lest Virginia, application approved
Certificate transmitted
Bank of Urich, Missouri, application approved
Certificate transmitted
Black Rock Bank and Trust Company, Bridgeport, Connecticut,
application approved, subject to charge off
of losses, savings accounts to be brought
into conformity with law and excess balance
in nonmember bank to be reduced to within
statutory limits
Certificate transmitted
Brattleboro Trust Company, Brattleboro, Vermont, application approved, subject to charge off of
losses, and certain other conditions
Extension of time granted to complete
Extension of time granted to complete
Certificate transmitted
Bridgeport City Trust Company, Bridgeport, Connecticut,
condition No. 4 not applicable to investments of trust funds in savings department
prior to membership
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/22 1133
8/10 1225
8/15
8/30
1243
1296
12/27 1947
167
2/ 4
2/17
261
568
4/12
738
5/10
5/29
840
6/29
1039
6/30
1052
7/18 1121
1/ 5
14
366
3/ 4
465
3/22
5/18
789
917
6/ 6
3/ 1
3/22
350
465
929
6/ 8
7/ 7 1075
8/ 5 1209
9/ 5 1323
5/ 8
726
186
Pages
4e4Dership
in FRSystem: (Continued)
Bridgeport City Trust Company, Bridgeport, Connecticut: (Continued)
Application approved, retention of branch at Fairfield, Connecticut, approved, and savings
accounts to be brought into conformity
9/ 9
with law
9/19
Certificate transmitted
Calumet County Bank, Brillion, adsconsin, application
approved, savings account to be brought
9/29
into conformity with law
10/23
Certificate transmitted
Central Bank & Trust Company, Qicader, Iowa,
application approved, trust department
12/26
to be supervised carefully
Central Trust & Savings Bank of Geneseo, Illinois,
12/20
application approved
Chrisney &tate Bank, UhrLsney, Indiana, application
approved, subject to charge off of
losses, deposit balance in nonmember
bank to be reduced and list of capital
6/10
debentures sold to RFC to be forwarded
7/14
Certificate transmitted
approved
Citizens Bank of Monroe, New York, application
subject to charge off of losses and
savings account to be brought into
4/ 5
conformity with law
4/28
Certificate transmitted
Citizens Bank of Owensville, Missouri, application
approved, excess balance in nonmember
11/ 9
bank to be reduced
11/23
Certificate transmitted
3/ 8
Citizens Bank of Pacific, Missouri, application apuroved
3/22
Certificate transmitted
Citizens Bank of Sherwood, Oregon, application approved,
number of directors to be increased to
not less than five, common stock and
debentures to be shown at par and face
9/ 2
amounts
10/ 4
Certificate transmitted
Citizens Bank of Windsor, Missouri, application approved,
common stock to be shown at par value, and
excess balance in nonmember bank to be re11/17
duced
11/30
Certificate transmitted
Citizens Fidelity Bank and Trust Company, Louisville,
10/ 3
Kentucky, certificate transmitted
2/24
Citizens State .13nk, Cadott, Aisconsin, application approved
3/10
.
Certificate transmitted
3/16
Citizens State Bank, Kiel, idsconsin, application approved
4/11
Certificate transmitted
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1353
1421
1503
1610
1943
1917
950
1098
53
673
1668
1734
376
465
*
1311
1513
1713
1757
1510
292
400
423
565
01”
187
Pages
liezthership in FilSystem: (Continued)
Citizens State Bank, Lyndonville, New York, application
approved, subject to charge off of losses,
and savings accounts to be brought into
conformity with law
Certificate transmitted
Citizens State Bank of Milford, Milford Junction
(P. 0. Milford), Indiana, application
approved, compliance with condition
numbered 6 waived
Cleveland State Bank, Cleveland, Wisconsin, application
approved, demand deposit of State of
idsconsin to be brought into conformity
with law
Certificate transmitted
Clifton Trust Company, Clifton, New Jersey, application
approved, subject to disposal of sCock
held in First National Bank of Clifton
or consolidation with, and certain other
conditions
Certificate transmitted
Commercial State Bank) Pocahontas) Iowa, application
approved, exercise of fiduciary powers
permissible
Certificate transmitted
Community Bank of Warsaw, Missouri, application approved,
excess balance in nonmember bank to be
reduced
Certificate transmitted
Conditions:
Bridgeport City Trust Company, Bridgeport, Connecticutt, condition No. 4 not applicable to
investments of trust funds in savings
department prior to membership in FRSystedi
Community State Bank, Avilla, Indiana, in connection
with permission to exercise fiduciary powers
Farmers and Merchants State Bank, Ladonia, Texas,
cancellation of condition No. 6
Louisville Trust Company, Louisville, Kentucky,
modification of condition of membership
numbered 20 approved
custer county Bank, Challis, Idaho, application approved,
after discussion, without recommendation
of FRBank of San Francisco, letter to
Mr. Day to be prepared
C se to be supervised carefully
Certificate transmitted
Ebenezer State Bank) Ebenezer) New York, application
approved
Elberfeld State Bank, Elberfeld, Indiana, application
approved) excess balance in nonmember
bank to be reduced
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/19
44
103
11/22
1730
1/ 7
6/29 1045
7/27 1147
1/22
2/21
113
275
6/ 1
6/24
867
1017
11/20
12/ 5
1721
1807
5/ 8
726
10/ 3 1511
4/15
595
7/11
1083
6/27 102E'
a
/111
: 1
Lt
8
7/
1.115
1876
11/28 1753
188
Pages
Ilembership in FRSystem: (Continued)
English State Bank, English, Indiana, application approved,
excess balance in nonmember bank to be
reduced within statutory limits
Certificate transmitted
Exchange State Bank of Glendive, Montana, application
approved, savings account to be brought
into conformity with _L_A
Certificate transmitted
Farmers and Citizens Bank, Trotwood,
application approved
Certificate transmitted
Fanners and Merchants Bank, Marianna, ,rrnsr,s,
application approved
Certificate transmitted
Farmers and Merchants Bank, Lt. Pleasant, Tennessee,
application approved, trust powers not
to be exercised without permission of
Board, and certain other matters to be
brought into conformity with law
Certificate transmitted
Farmers & Merchants Bank of Orfordville, Wisconsin,
application approved, savings accounts
to be brought into conformity with law
Certificate transmitted
Fanners & Merchants Savings Bank, 11,,,nchester, Iowa
application approved
Certificate transmitted
Farmers and Merchants State Bank, Stanley, Wisconsin,
application approved, advice requested
re reduction in capital stock in 1932
Certificate transmitted
Farmers' Banking Company, Lakeview, Ohio, application
approved, withdrawal notice re savings
deposits to be brought into conformity
with Board regulations
Farmers State Bank of Middleville,
application approved
Certificate transmitted
Farmers State Bank, Ransom, Kansas, application
approved, possible consolidation with
competitor State bank, desirable
Certificate transmitted
Farmers Trust Company of Lebanon, Pennsylvania,
application approved, savings accounts
to be brought into conformity with law
Certificate transmitted
F1deliti and Columbia Trust Company, Louisville,
Kentucky, application approved, subject
to increase in capital and absorption
of Citizens Union National Bank
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/10
3/27
399
4;22
6/29 1046
7/27 1147
10/16
157
11/15 1700
9/14 1371
9/27 1496
7/ 1 1056
7/27 1147
6/1
6/19
867
989
10/19 1598
11/23 1734
11/ 1 16L6
11/13 1680
12/20 1916
1/28
2/10
143
191
5/5
5/25
715
831
8/17 1251
8/30 1295
8/16 1246
189
Pages
Uenibership in FRSystem: (Continued)
Fidelity Deposit Bank of Derry, Pennsylvania, application
approved, subject to certain special conditions
.
Certificate transmitted
First—City Bank & Trust Company, Hopkinsville, Kentucky,
apdication ap,:roved, subject to charge
off of losses
uertificate transmitted
First State Bank, Belmond, Iowa, application approved
.
Certificate transmitted
F1-2st State Bank of East Detroit, Michigan, application
approved
nxtension of time granted to complete
First State Bank of Ideriden, Minnesota, application approved
.
certificate transmitted
First State Bank, Morton, Texas, application approved
.
Certificate transmitted
First State Bank of Thompson Falls, Montana, application
annroved, number of directors to be
increased to not less than five
. Certificate transmitted
Flint Creek Valley Bank, Philil'sburg, Montana, applica—
tion approved, number of directors to be
increased to not less than five, and sav—
ings account to be brought into conformity
with law
Certificate transmitted
Freeport bank of Freeport, New York, application approved,
subject to charge off of losses
Certificate transmitted
Gordon State Bank, Gordon, Nebraska, application approved,
number of directors to be increased to not
less than five
Certificate transmitted
Great Neck Trust Company, Great Neck Plaza, Nev, York,
application approved, subject to charge
off of losses, compliance with condition
numbe7ed 6 waived
Certificate transmitted
,,ariditon Bank, Hamilton, Missouri, application approved,
copy of resolution re conservaticn of
earnings and dividend policy requested
Certificate transmitted
Hanna State & Savings Bank, Hanna, i:yoming,
application approved
Certificate transmitted
Hermann Bank, Hermann, Missouri, application approved
Certificate transmitted
Industrial State Bank of Houston, Texas, application
approved, permission granted to maintain
same reserves ,s banks not in reserve or
central reserve cities
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/13
4/24
570
652
572
4/13
700
5/ 3
8/19 1269
9/18 1411
7/29
8/19
11/24
12/ 9
11/20
12/ 2
1177
1270
1742
1833
1721
1781
10/16 1575
11/13 1680
10/13 1566
11/ 9 1669
2/ 7
3/11
175
403
11/13 1680
12/ 2 1780
2/28
3/10
314
400
8/21
9/ 1
1272
1310
4/19
5/10
3/18
4/11
623
738
436
565
2/24
293
190
Pages
lielthership in FRSystem: (Continued)
Industrial State Bank of Houston, Texas: (Continued)
Extension of time granted to complete
Certificate transmitted
Iron Exchange Bank, Hurley, Vvisconsin, application approved
Certificate transmitted
Johnsten Bank, Johnstown, New York, application approved,
subject to charge off of losses
Certificate transmitted
Kootenai Valley State Bank, Troy, Montana, application
approved, number of directors to be
increased to not less than five
Certificate transmitted
Laona state Bank, Laona, isconsin, application approved
Certificate transmitted
Levelland State Bank, Levelland, Texas, application
approved, not to issue and sell investment
certificates without remission of Board
Certificate transmitted
Liberty State Bank, St. Paul, Minnesota, application
approved, savings accounts to be brought
into conformity with law, and permission
granted to maintain same reserves as required by banks not in reserve or central
reserve cities
Certificate transmitted
Luzerne-Hadley Bank, Luzerne, New York, application
approved, subject to charge off of losses
certificate transmitted
tadrid Bank, Madrid, New York, application approved
Certificate transmitted
Marfa State Bank, Marfa, Texas, application approved
Certificate transmitted
Martin County Bank, Shoals, Indiana, application approved,
common stock to be shown at par, and
certain other requirements to be met
Certificate transmitted
Massanutten Bank of Strasburg, Virginia, application
approved, subject to charge off of losses
and certain other special conditions
Certificate transmitted
.:c-Ilroy Bank, Fayetteville, Arkansas, certificate
transmitted
-.ercantile Bank, Hammond, Indiana, application apTroved,
accounts of City of Calumet City to be
brow-ht into conformity with law, compliance Ath condition numbei.ed 6 waived
Certificate transmitted
Llerchants and Farmers State bank of .eatherford,
Texas, application approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/22
4/5
3/25
4/ 5
466
539
479
539
2/19
271
317
2/29
10/13 1565
10/27 1633
978
6/17
6/26 1026
11/11 1677
11/21 1728
2/4
2/16
168
255
7/26
8/17
1144
1253
8/19 1268
8/30 1295
11/ 1 1647
11/23 1734
6/10 950
6/26 1026
3/15
3/29
415
496
1/14
85
8/29 1291
9/18
1411
11/21
1727
191
Pages
4erab ership
in FRSystem: (Continued)
liddle Tennessee Bank, Columbia, Tennessee, application
approved, 2-1/2 per cent U. S. Treasury
Bonds of 1964-69 to be disposed of
Certificate transmitted
Miles City Bank, Miles City, Montana, application approved,
no dividends to common stockholders to be
paid until increase in surplus account
and management to be strengthened
Certificate transmitted
Miners and Merchants Savings Bank, Lead, South Dakota,
application approved, increase in capital
to be legally effected to satisfy requirements
transmitted
Certificate
1,Tational banks outside of continental United States,
possibility of amendment to law suggested
New Cumberland Bank, New Cumberland, Pennsylvania,
application approved
Certificate transmitted
Worth End Bank & Trust Company, Bridgeport, Connecticut,
certificate transmitted
North Shore Bank Trust Company, Oyster Bay, New York,
application approved, subject to charge
off of losses, savings account to be
brought into conformity with law,
condition numbered 6 waived
Certificate transmitted
North Side Bank, Evansville, Indiana, application approved,
compliance with condition numbered 6 waived
Certificate transmitted
14orth Side Bank, Lebanon, Pennsylvania, application
approved, savings accounts to be
brought into conformity with law
Oakwood Deposit Bank Company, Oakwood, Ohio,
application approved
Certificate transmitted
Oklahoma State Bmk, Buffalo, Oklahoma, extension
of time for accomplishing granted
Certificate transmitted
Osage Valley Bank, Warsaw, Missouri, application approved
Certificate transmitted
Ottawa County Bank, Minneapolis, Kansas, application
approved, reduction in common capital
stock approved, excess balance in
nonmember bank to be reduced
Certificate transmitted
Ottoville Bank Company, Ottoville, Ohio, application
approved, savings account to be brought
into conformity with law and right to
require notice re savings deposit
withdrawals to be provided for
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/17 1252
8/30 1295
9/ 6
9/21
1327
1429
3/ 3
3/16
359
4:3
2/25
304
2/10
2/29
188
317
1/ 5
14
4/19
4/28
621
673
10/ 7 1541
10/27 1633
12/ 2 1779
4/ 8
5/10
555
73-1
1/22
:117
4/12
4/22
115
261
568
647
8/ 2 1187
3/30 1296
5/19
796
192
Pages
liemb
ership in FRSystem: (Continued)
Ottoville Bank Company, Ottoville, Ohio: (Continued)
Extension of time granted for completion of
Certificate transmitted
Pan American State Bank, Brownsville, Texas,
application approved
Certificate transmitted
Peoples Bank of Johnstown, New York, application approved,
subject to covering of estimated loss by
special reserve, compliance with condition
numbered 6 waived
Certificate transmitted
Ptoples Bank of Mullens, best Virginia, application approved
Certificate transmitted
Peoples Savings Bank, Port Huron, Michigan, extension
of time granted to complete
Extension of time granted to complete
Peoples State Bank of Bloomer, Wisconsin, application
approved
Certificate transmitted
Peoples State Bank of Colfax, Illinois, application ap'Toved
Certificate transmitted
Peoples State Bank of East Tawas, Michigan,
application apl-Tovcd
Peoples State Bank of Mansfield, Illinois, application
approved, number of directors to be increased to not less than five
Certificate transmitted
Phoenix Bank, Phoenix, New York, application ap2roved
Certificate transmitted
Pierceton State Bank, Pierceton, Indiana,
application approved
Extension of time granted to complete
Certificate transmitted
Platte Valley Bank, Ravenv,00d, Missouri, application
approved, excess balances in nonmember
banks to be reduced
Certificate transmitted
ProgresLive Industrial Bank, New Orleans, Louisiana,
application approved
Certificate transmitted
Raritan State Bank, Raritan, New Jersey, application
approved, savings accounts to be brought
into conformity with law and excess balance in nonmember bank to be reduced
Extension of time granted to complete
Sac River Valley Bank, Stockton, Missouri,
application approved
uertificate transmitted
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
989
6/19
7/27 1147
4/24
5/10
652
738
4/19
5/12
5/ 1
5/10
622
747
693
738
1/14
2/16
84
255
9/30
10/16
8/ 9
8/22
1505
1576
1220
1275
11/23 1733
4/ 4
4/18
3/11
V22
529
606
403
465
5/5
l/ 1
7/ 7
715
';368
1075
11/10 1672
12/ 9 1833
1/18
2/2
96
157
11/17
1:/ 5
1713
1007
7/10 1001
7/7 1147
193
Pages
Membership in FRSystem: (Continued)
Security State Bank, Comanche, Oklahoma, application approved
Certificate transmitted
Security State Bank, Harlem, 1.ontana, application
approved, number of directors to be
increased to not less than five
Smackover State Bank, Smackover, Arkansas, application approved
Certificate transmitted
outh lain State Bank, Houston, Texas, application
approved, permission of Board necessary
for exercise of fiduciary powers or issuance of investment certificates
Certificate transmitted
South Shore Bank of Staten Island, Great Kills, Staten
Island, New York, application approved
Certificate transmitted
,
tate Bank of Boyd, Asconsin, application approved
Certificate transmitted
State Bank of Florence, ";,isconsin, application approved,
subject to charge off of losses, savings
account to be brought into conformity
with law
Certificate transmitted
State Bank of Newfane, New York, application approved
Certificate transmitted
8tate Bank of Saybrook, Illinois, applicaticn approved
Certificate transmitted
State Bank of Spring Green, sitisconsin, application
approved, requirements re withdrawals
from savings accounts to be brought
into conformity with law
Certificate transmitted
State Savings Bank, Bridgman, Michigan, application
approved, savings accounts to be
brought into conformity with law
Tyler State Bank & Trust Company, Tyler, Texas,
application approved, excess bdance
in nonmember bank to be reduced
union County Trust Company, Elizabeth, New Jersey,
application approved, savings accounts
to be brought into conformity with law,
and retention of branch at Cranford,
New Jersey, approved
Certificate transmitted
Union State Bank of est Salem, i_sconsin, application
approved, excess balance in nonmember bank
to be reduced to within statutory limits
Certificate transmitted
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
849
5/30
6/22 1006
12/27 1947
4/1
4/18
519
606
3/3
3/22
360
465
8/25 1284
9/18 1411
310
2/26
374
3/7
8/19
8/30
1/7
1/19
7/10
7/27
1269
1296
45
103
1080
1147
9/ 8 1346
9/19 1421
12/15
1876
12/12
1861
9/ 5
9/18
1321
1411
2/25
3/7
299
374
194
Pages
klembp h
-rsaip in FRSystem: (Continued)
Union Trust Company of Jamestown, New York, application for
Application approved, subject to special conditions
re paid-up capital, Marine Midland Corporation to comply ith conditions for issuance
of voting permit, retention of branch at
.estfield, New York, approved, and savings
accounts to be brought into conformity
with law
Extension of time granted to complete
Certificate transmitted
Van Horn State Bank of Van Horn, Texas, application
approved
Certificate transmitted
ebb City Bank, toebb City, Missouri, application approved,
savings account to be brought into conformity with law
Certificate transmitted
viest Michigan Savings Bank, Bangor, Michigan,
application approved
•
Q-ndsor State Bank, .i.ndsor, Illinois, application approved
Certificate transmitted
Alsconsin State Bank, Delavan, .isconsin, application
approved
Certificate transmitted
YPsilanti Savings Bank, Ypsilanti, Michigan, application
approved
Certificate transmitted
'erallith, George S., American Ambassador to Mexico,
discussion of acquisition of stock
control of Pan American Trust Company
of New York by central bank of Mexico
tary service:
Bach, G. L., economist, granted leave of absence Athout pay to enter U. S. Naval Reserve
Christmas packages to employees in military service,
no objection to expenditure for
Deferments:
Glotfelty, Joseph T., Jr., operating engineer,
request for six months deferment
Knapp, J. Burke, Assistant Head of International
Section, request for deferment from
military service for six months
Nei, regulations, Board's procedure re employees,
outlined by Mr. Leonard, approved
Pre-Pearl Harbor fathers, policy to be followed re
Lxemption of men discharged from service from provisions
of Regulation 1, request for amendment by
Retail Credit Institute of America
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/26
835
9/14 1367
10/ 6 1535
11/ 7 1666
9/23 1478
10/24 1615
4/20
5/ 5
628
716
12/ 4 1803
978
6/17
7/ 7 1075
8/ 5 1208
8/12 1234
2/10
2/25
190
300
12/22 1924
4/28
672
7/22 1134
5/22
810
3/ 4
365
5/22
1/6
808
27
2/22
281
195
Pages
ry service: (Continued)
Fetzer, George I., FRExaminer at FRBank of Dallas, reference to possibility of being drafted for
Hagler, Herbert ii., FRExaminer, reinstatement in former
position after termination of leave without pay and salary increase approved
Kline,
A., printing clerk, granted leave to
enter active duty in U. S. Army, leaves
formerly granted for training courses
Krug, Harold T., Assistant FRExaminer, resignation
accepted to enter U. S. Army
MacDowell, Dubose, clerk, reinstatement in former
position after termination of leave
and salary increased
14cLean, Archibald
FRExaminer at FRBank of Cleveland,
recommendation for commission in Military
Government Division of Army, not transmitted to viar Department as authority to
commission civilians has been withdrawn
Rice, Violet 1lay, clerk-stenographer, granted leave of
absence without pay to enter U. S. Marine
Corps, women's Reserve
411utes:
Board of Governors:
Payment of vouchers coverin extra charges for
traveling expenses authorized without
entering in minutes if not over $10
Presidents' Conference on September 18, change to be
made as to recommendations of System
Research Advisory Committee
Missions:
Latin American:
Eckert, Philip, FRBank of Cleveland, to assist
Triffin on
Triffin, Robert, return to Paraguay for completion
of work, with stops at Colombia, Chile,
and Brazil approved, second man to be
appointed as assistant
Authorized to visit Costa Rica on way to
Paraguay and to consult with 14r. Julio Pena
Continuance of work in Uruguay, Argentina,
Brazil) and Costa Rica approved, to be
guided by American Embassy
SHAEF Mission to Luxembourg, report on Luxembourg Currency conversion prepared by, request
for copy and for other material relevant
to banking studies, letter to Mr. Stimson
kis;
-- ssippi State Bankers' Association, resolution re absorp'
tion of remittance charges by city correspondents of country banks, letter explaining Board's ruling re
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/25
298
5/27
837
1/ 5
13
11/ 1
1644
2/21
276
10/24
1614
12/15
1878
12/18
1902
3/22
464
3/ 7
373
3/20
439
8/18
1261
1;127
1951
1/13
79
196
Pages
Iiitchell, Horace, legality of using inscription "United States
of America" on bond forms, letter in reply to
M°11e3r order forms furnished to correspondent banks, question
as payment of interest in violaf.ion of
Regulation (,e
kortgages:
Chattel, in Connecticut, briefs as amicus curiae to be
filed by Ft-Wanks of New York and Boston
14°tor Contract Company, Savannah, Georgia, expansion of
operations of
rdoci
.k Senator Abe, Regulation W, financing of home
improvements, reply to letter enclosing
inquiry of Mr. Steffensen re
44t1phy,
Mr. P. E., absorption of exchange charges, letter
in reply to, enclosing copy of transcript
of hearings on H. R. 3956
tilltilation of plates:
Signature of John Phalips, Jr., Assistant Vice President
at FRBank of Kansas City, FRSystem represented by Mr. DeLaMater, letter re
Signatures of FRBank officers, designation of Mr. DeLaMater as representative of FRBanks, and
of Mr. Sherfy as alternate
3/17
434
4/14
586
1C/26
1630
11/14 1694
2/ 8
181
3/20
440
1/20
107
12/ 1
1777
12/ 8
1823
He
gansett Machine Co. of Pawtucket, Rhode Island, records
of FRBank of Boston in connection with
financing of war production contracts to
be made avrilable to Senate Military
Affairs Committee
--_,e, luncheon arranged for bankers to hear speech by
NatiHarry Maite on Bretton hoods agreements
°tial Association of Better Business Bureaus, Inc., defrauding of holders of war savings bonds,
program to prevent, considered by, question
to be discussed at Presidents' Conference
4t. To be discus-ed at Presidents' Conference
1°na1 Association of Nonpar Banks, circular letter from
chairman of, with respect to Brownilaybank bill
Orial Association of Supervisors of State Banks:
Condition of banks, furnishing information to large
depositors to be discussed with
executive committee
Executive committee, acceptance of luncheon invitation,
letter to Mr. John D. Hospelhorn re topics
for consideration and arrangements
Meeting to be held on April 15, Mr. McKee to attend
for discussion of information re condition
of banks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/ 8 1825
2/15
2/26
245
308
12/22 1929
4/14
581
3/24
476
4/14
576
197
Pages
National
Lssociation of Supervisors of State Banks: (Continued)
Investments in Leries G Savings Bonds, to be valued
at par in reports of examination
ional banks:
Alabama bank, right to exercise fiduciary powers in
Florida, letter to 'atson & Pasco & Brom
Albion National Bank, Albion, Indiana, application for
additional fiduciary powers granted
iimerican National Bank of Brunswick, Georgia, application
for fiduciary powers granted upon conversion
from Brunswick Bank and Trust Company
American National Bank and Trust Company of Chicago,
practice of furnishing banks with money
order forms, uuestion of violation of
Regulation Q, letter from Allegan State
Bank, Allegan, Michigan, referred to
Legal Division for reply
Furnishing of money order forms to banks, question
of being payment of interest, left to
discretion of FRBank of Chicago
Athens National Bank, Athens, Ohio, surrender of
fiduciary powers approved
Bank of America N. T. & S. A.
Election of Class B director for MBank of Lan
Francisco, ruled ineligible to vote for
Ruled ineligible for participation in election
of Class B director
Barnett National Bank, Jacksonville, Florida, establishment of common trust funds, difference
beteen subsections (b) and (c), letter
to Mr. McQuaid
Branches, report to House Banking and Currency Committee
on H. R. 5258 to amend section 5155 of
Revised Statutes on establishment of
Chase National Bank:
Netherlands Government, negotiations of MBank of
New York with representatives approved,
loan to be held for account of
Loan by syndicate of banks approved for
account of
Suit against by U. S. Attorney General, letter
to central bank of Turkey re
Citizens National Bank of Goncora, North Caroli_na,
application for fiduciary powers approved
upon conversion of Citizens Bank and Trust Co.
Citizens Union National Bank, Louisville, Kentucky,
absorption by Fidelity and Columbia Trust
Company, Louisville, Kentucky, in connection
with application for membership in FRSystem
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/ 3
4
1/ 4
10
1/ 8
49
4/ 1
519
4/14
586
4/24
653
5/ 2
696
5/29
841
10/25
1617
4/28
673
9/27 1497
9/12 1363
10/13 1567
2/15
249
3/14
412
8/16
1246
198
Pages
National banks: (Continued)
City National Bank of Atchison, Kansas, surrender of
fiduciary powers approved
Clinton National Bank, Clinton, Iowa, application for
fiduciary powers approved
Colorado National Bank, Denver, Colorado:
Deposits, withdrawal of time certificate before
maturity for purchase of war bonds, not
considered emergency under section 4(d)
of hegulation Q, letter to Mr. Leedy re
inquiry from Mr. Klein
Commercial National Bank, Knoxville, Tennessee, application for fiduciary powers approved upon
conversion from Commercial Bank & Trust
Company, Knoxville, Tennessee
Condition reports:
Call made as of December 31, 1943
Call made as of April 13, 1944
Call as of June 30
Fall call not to be made
Danbury National Bank, Danbury, Connecticut, conflict
in records as to fiduciary polAers, application for ninth power suggested by Board
Application for fiduciary powers approved
Eaxminations, bill to provide that cost of one by Comptroller of the Currency be borne by FDIC
Bill to authorize deduction of cost of one each
year from FDIC assessment
Fairland National Bank, Fairland, Indiana, application
for fiduciary powers approved
Farmers and Merchants National Bank in Benton Harbor,
Michigan, application for fiduciary powers
approved
Fiduciary powers:
CertificaLes for national bank resulting from
consolidation of two national banks or
which has changed name, forms for display
in bank's lobby, approved
Deposit of securities with a FRBank not required
to secure, letter to Mr. Riddell re
First National Bank, Batesville, Arkansas, application
for fiduciary powers approved upon conversion from Citizens Bank & Trust Company
First National Bank, Berryville, Arkansas, reply to
letter on collection of checks by FRBanks
First National Bank of Boston, Massachusetts, permission
granted to invest additional amount in
stock of First of Boston International
Corporation
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/31
152
12/23 1936
6/20
999
4/ 5
539
3
1/ 3
589
4/15
7/ 3 1059
9/19
1421
1/11
3/16
58
424
2/29
330
3/ 9
387
11/17
1715
9/ 9
1354
6/16
973
6/29
1047
10/10
1549
4/ 5
540
10/ 6
1535
199
Pages
National
banks: (Continued)
First National Bank of Collings,.00d, est Collingswood,
New Jersey, computation of reserves of
member bank in New Jersey, inquiry re
recognition of Saturday holidays between
June 15 and September 15
Penalty for deficiencies in reserves waived
First National Bank of Cripple Creek, Colorado, reply
to inquiry on ruling as to analysis of
checking accounts for assessment of
service charges
First National Bank of Evanston, Uyoming, surrender
of fiduciary powers approved
First National Bank of Fairmont, Minnesota, surrender
of fiduciary powers approved
First National Bank of Fairmont, west Virginia, application for fiduciary powers approved
First National Bank of Glenwood Springs, Colorado,
surrender of fiduciary powers approved
First National Bank of Jackson, Tennessee, application
for additional fiduciary powers granted
First National Bank of Kalispell, blontanal penalty
for deficiency in reserves waived
First National Bank of Lamanda Park, California,
purchase of assets and assumption of
deposit liabilities by First Trust and
Savings Bank of Pasadena, California
First National Bank of Leesburg, Florida, reply to
letter on publication of non-par list
and on making charge for collecting
non-par checks
First National Bank, Miami, Florida, reply to letter
of Mr. Romfh re collection of checks,
exchange charges, etc.
First National Bank, New Castle, Indiana, penalties
for deficiencies in reserves waived
First National Bank of Norman, Oklahoma, surrender
of fiduciary powers approved
First National Bank at Pittsburgh, Pennsylvania, eligible
for participation in election of Class A and
Class B director:, at FRBank of Cleveland
First National Bank of Pleasantville, New York, desire
to surrender fiduciary powers after absorption by County Trust Company of white
Plains, Nev, York, letter to Comptroller
of the Currency re procedure
Investigation for surrender of fiduciary powers to
be made by FRBank of New York
Surrender of fiduciary powers approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/27 1149
8/12 1234
2/22
288
11/14 1697
11/14
1695
12/ 7 1820
11/14 1696
4/19
624
11/15
1701
10/ 9 1546
3/30
506
3/16
424
2/10
191
7/28
1152
9/23 1480
5/8
727
5/16
6/20
781
998
200
Pages
National banks: (Continued)
First National Bank of Red Ung, Linnesota, surrender
of fiduciary powers approved
First National Bank of ftondout, Kingston, New York,
surrender of fiduciary powers approved
First National Bank of Troy, Kansas, surrender of
fiduciary po%ers approved
First National Bank of qindsor, Colorado, surrender
of fiduciary powers approved
Florida National Bank at Ocala, Florida, loan from
FRBank of Atlanta for purchase of Government securities, matter to be discussed
at next meeting of Presidents' Conference
Gramatan National Bank and Trust Co., Bronxville, New York,
transactions of affiliated Gramatan Co.,
Inc., not prohibited by Banking Act of 1933
J ackson-State National bank, Jackson, Mississippi,
fiduciary funds not to be invested
in stock of, advice re
LaFayette National Bank, La Fayette, Indiana, supplemental
application for fiduciary powers approved
Lincoln Security National Bank, Chicago, Illinois,
granted permission to maintain same
reserves as ruserve city banks
Long Island National Bank, Hicksville, Long Island,
exemption of
New York, Regulation
repair and modernization 1,Nork from,
Letter re to Mr. &outensky
Manufacturers National Bank of Detroit, iniuiry re
escro6 funds held in connection with FHA
Title II mortgages as trust funds under
section 11(k) of FilAct
Lierchants National Bank of Winona, Minnesota, application
for fiduciary powers approved upon conversion from State bank
Natior,a1 Bank of Lewistown, Montana, surrender of
fiduciary powers approved
National Bank of Paterson, New Jersey, A4essrs. Agnew
and Fayerweather not to continue as
directors while employees of Eastman,
Dillon & Go., question of certifying
facts to Board
National Bank of ivashington, Tacoma, hashington, no
objection to action of shareholders
re stock, letter to Mr. Upham
National Bank of estfield, New York, surrender of
fiduciary powers after absorption by
Union Trust uompany of JamestoAn, Nev;
York, letters to FDIC and Comptroller
of the Currency re procedure for examination
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/19
272
2/1
155
10/17 1591
:3/4
367
11/ 3 1657
5/30
849
12/ 2 1781
12/ 6
1810
9/14 1371
1/18
98
9/ 5
1323
6/13
959
8/22 1276
5/ 9
730
2/17
263
5/18
790
201
Pages
National
banks: (Continued)
National Bank of 4vestfie1d, New York: (Continued)
Examination to be made by FRBank of New York,
after application of nonmember bank
for membership in FftSystem
National City Bank of New York:
BmzL1, application for permission to establish
additional branch in Republic of at Porto
Alegre, letters to Secretary of State and
Comptroller of the Currency re
Authorized to establish branch at I-erto Alegre,
Brazil
Cairo and Alexandria, Egypt, application for establishment of branches in, advice requested
from Comptroller of the Currency
Order authorizing establishment of branches
Calcutta, India, order authorizing establishment
of branch
Advice of opening of branch at Calcutta, India
Dhahran and Ras Tanura, Kingdom of Saudi-Arabia,
application for establishment of branches
in, advice re requested in letters to
Comptroller of the Currency and Secretary
of State
Establishment of branches authorized, copies
of order sent to FRBank of New York
Ensenada Honda, Puerto Rico, establishment of banking
facility at, under authorization of
Treasury Department
Paris, France, establishment of branch in, by International Banking Corporation, inquiry re
Application for establishment of branches
to be favorably considered by Board
Order authorizing establishment of branch
by International Banking Corporation
National Shawmut Bank of Boston, Massachusetts, no objection to formation of nev. corporation for
foreign banking, after liquidation and
change in name of Shawmut Corporation
National State Bank of Elizabeth, New Jersey, absorption
of exchange charges in case vyhere costs of
collecting charges exceed amount absorbed
Oak Park National Bank, Oak Park, Illinois, application
for fiduciary powers approved upon conversion from Prairie State Bank, Oak Park,
Illinois
Paterson National Bank, Paterson, New Jersey, removal of
Messrs. Agne., and &:yerweather as directors,
Mr. Dreibelbis to confer with Mr. Upham on
presenting evidence
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/26
835
1/29
148
2/17
262
n
1387
1478
9/ 7 1338
11/20 1757
7/ 3 1062
7/29
1177
2/ 4
169
7/29
1165
8/ 2 1190
9/ 7 1338
11/ 2 1650
,/ 8
178
11/ 1 1647
11/14
1683
202
Pages
ational banks: (Continued)
Peoples National Bank of Edwardsville, Pennsylvania,
surrender of fiduciary powers approved
Peoples National Bank of iarrenton, Virginia, application for fiduciary powers declined
Pe°P-es
hational Bank of Washington, Seattle, Washington,
reply to letter on delay in loan for
Lamb-Grays Harbor Co.
Uddell National Bank, Brazil, Indiana, deposit of
securities with FRBank, not required to
secure fiduciary powers, letter to
Mr. Riddell re
si
eatt e
-First National Hank, Spokane, bashington,
absorption of exchange charges, letter
to Mr. Triplett re inquiry concerning
on
Security National Bank,
l Alexandria, Louisiana,
application for fiduciary powers approved
'-ouhegan National Bank of Milford, New Hampshire,
supplemental application for fiduciary
powers approved
Taxation
of, proposed revision of section 5219 of
Revised Statutes, no objection to
Ueply to Mr. Spence
walth.m National Bank of Waltham, Massachusetts,
-Ibsorption by Newton Trust Company,
Newton, Massachusetts, to increase
capital approved
4orthington National Bank, v,orthington, Minnesota,
letter on status of bills relating to
absorption of exchange charges
kition„
-' Capital Press, bill for printing Banking and
Monetary Statistics, 10 per cent
increase offered
Housing Administration:
°rder No. 60-4B, letter from Mr. Boeddener re exemption
of repair and modernization work from
Regulation W
Housing Agency:
gulation VI, proposed amendment to section 8(m), fuel
conversation credits, letter to Mr. Blandford
Nqi,RePort on 3. 1777, no objection to transmission to Congress
v.1].. Labor Relations Board:
oflk holding company legislation, preamble to proposed
bill, statement re banks engaged in interstate commerce, question of controversy re
Preamble to proposed bill changed to eliminate
reference to interstate commerce, to
avoid controversy with
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/ 8 1827
12/15
1877
12/22 1931
6/29 1047
2/25
300
12/ 6
1810
11/24 1743
5/ 5
706
9/ 2 1315
1:727 1948
2/16
256
7/18 1124
1/18
98
2/17 264
8/ 3 1196
1/5
21
1/13
64
203
Pages
Nati.ohal f;ar Labor Board:
Hagen, Everett E., Associate Economist, services loaned
to for period not to exceed six weeks,
at request of Mr. Waldron
National Vat4.1, Air Heating and Air Conditioning Association,
letter on exemption of repair and modernization contracts from Drovisions
Navy
of Regulation W
Department:
ir ctler, J.
Hans, economist, loaned to for research project
'°flference on August 21-22 re termination loans,
suggestions for agenda and names
of representatives requested
Fiiriotes, FRBank of San Francisco requested for large
denominations for payments in China
and India
Gua
tantee agreement:
:viemo on standard amendment rescinded
Section 60 letter re interpretation sent to,
views requested
Guarantees of loans on behalf of, photostats on
appointments sent to FRBanks
Sums of money owed to, memo re further instructions
in 6-626, copy sent to FRBanks
*4ar loans guaranteed by, memo re procedure for collection
and settlement, and memo re purchasing by
Guarantor,
copies sent to FRBanks
gro
e- emPloyed by Board, report to Committee on Fair
Employment Practice
Iletheirlands:
4 oA,
,4otIrrie,
-4 by syndicate of banks managed by Chase Natiot,a1 Bank
mber banks:
B"11, of Canton, Georgia, permission granted to FDIC to
examine in connection with continuance of
insurance after withdrawal from FaSystan
bank of Clarke County, Berryville, Virginia, time for
closing of branch in Boyce, Virginia,
information re
of Nevada, Las Vegas, Nevada, application for membership in FRSystem, no decision reached
d
'Ateport City Trust Co., Bridgeport, Connecticut,
effect of standard condition of me:Abership on, effect on application
4;3,
Lount rate differential of 1/2 per cent, question
of making available to
PA ,
ets & Merchants Bank of Trenton, Florida, absorption
of exchange and collection charges, letter
from Mr. Hardee re, reply to Representative
Lex Green
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/ 9
39'1
1/18
98
11/22 1729
8/12 1237
11/ 3 1656
10/ 3 1.12
5/12
747
8/10 1225
10/18
1595
9/28 1500
4/3
523
1413 1567
7/13 1:;91
1/17
91
5/29
040
5/6
726
3/ 1
34,)
VII
50
204
Pages
Il laper banks: (Continued)
National banks in Alaska and U. S. Insular possessions,
proposed amendment to law to maintain
part of required reserves with members
of FRSystem, suggestion noted, letter
to Mr. Clerk
Peoples Bank of Leslie, Michigan, proposed regulation
re cashing checks on out-of-tom brinks,
not considered a payment of interest on
demand deposits
St. Matthews Bank, St. Matthews, Kentucky, controlling
interest acquired by First National Bank
Trustees
Scottish
Bank of St. Paul and Lumberton, North Carolina,
service charges, letter to Senator Bailey
re connection with H. R. 3956 and S. 1642
Treatment by FRBanks as compared with treatment of member
banks, discussed at meeting with Presidents
Union Trust Company of Jamestown, New York, surrender of
fiduciary powers of National Bank of vsestfield, New York, after absorption by, letters to FDIC and Comptroller of the Currency
re procedure for examination
Examination to be made by FRBank of New York after
application for membership in FRSystem
11c)41)ar
list, publication of, in lieu of par list, reply to
letter of Mr. G. G. Ware re
• rl s
'
H., absorption of exchange charges, reply re
Board's covering letter on reports of
H. R. 3956, sent to
c
arolina:
Absorption
of exchange and collection charges, agreement
to discontinue, made by many banks in
stern Roofing/ Siding and Insulating Contractors
Association, Inc., New York, N. Y.:
AM endment to Regulation A to exempt insulated brick
siding suggested by, Board not in favor
of, letter to Mr. C. N. Nichols re
Amendment to Regulation to exclude credits for suggested by, copy of reply sent to FRBanks
C llestion of exemption of insulated brick siding from
aegulation VI, not to be reopened,
letter to Mr. Nichols re
ation a, exemption of insulated brick siding from,
no new information re, letter to Mr. Nichols
/actegard,
peter 11-3 release of information, Bord's procedure
re reply to inquiry of
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/25
303
1/13
73
5/5
716
3/21
456
3/1
340
5/18
7c,)0
5/26
835
3/30
5ri6
3/1
352
1/6
24
6/ 1
c'63
6/9
93
6/13
060
6/20 1000
12/16
1884
205
Pages
Qffice of
Contract Settlement:
Of;‘.,_SPace occupied in Board's building, arrangements for
'-lee of Defense Transportation:
Reduction of unnecessary travel, conventions, etc., cooperation of Board expressed in letter to
ce of Price Administration:
Autaaobiles, used cur price ceilings, adoption effective
July 10, telegram to FRBanks
Maximum Price Regulation 540, effect on used car
classification, copies sent to FRBanks
Pr
°posed Amendment No. 11 to Regulation
copy of
draft sent to Mr. Bowles, comments and
suggestions requested
Regulation
automobile dealers registered under,
no objection to list being furnished to
Ivo objection to furnishing list to local &A
office, wire to FRBank of Kansas City
'
R of Strategic Services:
us6ian trade problems, report re to be prepared
by Mr. Gerschenkron for
of ar Information:
Offi„Annual report of Board, to be cleared with
.0f i.ar mobilization:
R. 3022, to make Comptroller General final judge of
amounts due contractor: under terminated
war contzects, letter to Mr. Hancock on
Resolution
of Radio Manufacturers issociation, to be
transmitted to Mr. Baruch, suggestion
of Board
Tloar6_,
proposed form of guarantee and loan agreement,
1
letters enclosing drafts sent to FRBanks,
letter to Mr. Hancock enclosing copies of
Uniform Termination Article and a Statement of Principles
for Determination of Costs upon Termination
for Fixed-Price Supply Contracts, letter to
Mr. Hancock, acknowledginF drafts of
4f1cer8
and employees of Faanks, outside business connections,
in connection with President-elect Flanders
of FRBank of Boston
°Iratillg ratios of member banks, revised work sheets
ONers:
for use in compiling
9/14 1372
6/8
931
6/14
964
6/24
1018
2/15
251
7/22
1134
7/28
1153
6/29
1048
8/18
1258
4/28
674
1/28
144
5/10
739
1/3
6
4/18
604
1
9/27 1496
A&7'ne'e
John, order for hearing to determine removal
from office as director of Paterson
National Bank, Paterson, N. J.
Issuance of, letter to FRBank of New York re service
uistrict Commissioners, exempting building of Board
from taxation
PaYerweather, F. 0., order for hearing to determine
removal from office as director of
Paterson National Bank, Paterson, N. J.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/29 1169
8/ 9 1220
10/31
1642
7/29
1169
206
Pages
°riders:
(Continued)
Fayerweather, F. 0.: (Continued)
Issuance of, letter to FRBank of New York re service
International Banking Corporaton, order authorizing
establishment of branch at Paris, France
National City Bank of New York, New York:
Brazil, authorized to establish branch at Porto Alegre
Calcutta, India, order authorizing establishment
of branch
Dhahran and Ras Tanura, Kingdom of Saudi—Arabia,
establishment of branches authorized,
copies of order sent to FRBank of New York
Establishment of branches at Cairo and Alexandria,
Egypt, approved
Pine Lam Bank and Trust Company, Fine Lawn, Missouri)
order for hearing on forfeiture of
membership
Or
Issuance postnoned pending further examination
011ger
an.
Lization
chart for ;Jar Loans Committee approved
3-me payments:
Committee to be appointed for, advice re requested,
letter to Mr. Day
l'aBank of New York, change in basis for, plan based
on fixed work week, no objection to
FRB
ank of Richmond, approved for cafeteria employees
RBank of San Francisco, interpretations re paTaents
to exempt employees
Investigation re, discussion at meeting of
Presidents with Board
FRBanks, problems to be considered at next Presidents'
Conference
Problems to
be considered by 14r. Leonard and Legal
Division, possibility of appointing
committee for
Under the Fair Labor Standards Act of 1938, discussion
at meeting of Presidents Conference with
Board, committee to be appointed to advise
with Messrs. Leonard and Drcibelbis re
Owerl
problem
'4r. Robert L., Regulation h, not applicable to rental
contract for air compressor, letter re
8/ 9 1220
9/ 7
1340
2/17
262
9/ 7 1338
7/29
1177
9/23 1478
3/27
7/27
3/ 9
483
1148
392
10/11
1556
2/7
5/2
175
695
5/18
786
9/22
1441
9/ 8
1350
9/22 1431
9/22 1441
7/15 1104
npn
1).11'4guay:
Amendments considered undesirable by Mr. Triffin,
telegram in reply to
eentral banking program for Republic of, Mr. Bray
Hammond to represent Board at conferences
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/10 1226
4/11
565
207
Pages
Para
guay:
(Continued)
Dinner for employees of nat:on-1 bank, ILteni in expense
account of David L. Grove
Triffin,
Robert, letter of appreciation for services,
permission requested for payment of
Mrs. Triffin's expenses, State Department
and Paraguayan Embassy to be consulted
Par
clea.rance:
Broal and Maybank Bills, question involved in as one of
preservation of, discussed at meeting of
executive committee of FAC with Board
Patman,
congressman txight, bill re bank holding companies,
introduced by
Copies of draft of bill for bank holding company
legislation sent to
Plton
-''
4r. Thomas B., ABA, condition report of member banks,
Pay r
by size group, reply to request for
°11 procedur,
,, to be continued without change
11/16
1704
10/17
1583
3/8
380
1/13
66
5/18
792
7/24 1137
12./21 1920
krers, J. Herbert, by FftBank of Atlanta on account of
retirement because of ill health just
before retirement system adopted
''Senor Julio, letter of appreciation advisLng of visit
Penn
to be made to Costa Rica by Mr. Triffin
sYlvania Bankers Association, annual meeting,
Pera
Mr. McKee to attend
°Ilnca selection and training at FftBanks, discussed
at meeting with Presidents
PhYq
examinations:
j4rViS, Ruth, maid, payment of bill for special
Polie.
physical examination approved
es, Board of Governors:
uirectors:
Api,ointment of Glass C and directors of branches,
policy of not appointing person 70 years
old approved
Advice to FRBanks
Ployment, policy re meritorious cases during war
period, in connection with case of
Ruth Logue, economic assistant
Cy r
ecord, Board of Governors:
t;rt
i af of entries covering 1943, approved
''llarantee fees under Regulation V, no reference to
be made in record for 1943
Frgulation A, amendment of
egulation V, revision of
"gulati,,n 1,, adoption of iimendment No. 14,
Servicemen's Guaranteed Loans
chedule of rates established pursuant to the provisions
of Section 4 of the Revised Regulation V
Pena
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/18 1594
7/22 1134
5/22
808
9/22 1439
7/19 1127
12/ 7 1814
12/21 1920
5/5
705
1/22
118
1/22 118
9/ 6 1330
9/ 6 1328
11/ 3 1654
9/ 6 1332
208
Pages
l'°11-c5r record, Federal Open Market Committee:
Draft of entries for 1943 sent to representative members
for comments and suggestions
tries for 1943, revised draft to be submitted to Board
h0ii,9raft of entries for 1943 approved
tical affiliations of directors:
Dennison, Henry S., FRBank of Boston, to resign from
"Business Men for Roosevelt, Inc."
Ferguson,
Philip G., Director at Oklahoma City Branch,
resignation in order because of candidacy
for House of Representatives
Malloy, Edwin, Class B Director at FRBank of Richmond,
no objection to service as member of
Sinking Fund Commission of Chesterfield
County, South Carolina
Resolution adopted in 1915 re, discussion of, no action
taken to change
ge stamps:
Cancelled American stamps not to be resold, revenue from
foreign stamps to be deciding factor
Post,
'Lr problems, study being made of, papers presented at
meeting with Presidents as part of
P°stwar
monetary policy:
°bjectives, monographs re, Board and Presidents to meet
after next meeting of FOMC for discussion of
PaPers on objectives of, to be considered after next
meeting of Federal Open Market Committee
ess
Statements.
Absorption of exchange charges, resolution adopLed by
FAG, released to press
13-clIk of
Canada, reduction in discount rates, press
release referred to by Chairman Eccles
Bretton hoods agreements, draft of statement to be
issued by Board in support of
Co
.
ndition reports:
FRBank statement, changes in approved
ho change in release date at present
'weekly reporting member banks in central reserve
cities, proposed change in release date
to be determined later
'iseekly reporting member banks in leading cities,
change in time of release
,
flings and expenses of Faanks for 19431 release approved
'
handers, Ralph E., President of FRBank of Boston,
appointment of
Intrnational monetary plans, proposed by Treasury
for issuance by Board, Board not ready
to commit itself
,,t.rnati:nal stabilization fund, statement re to be
published
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/19
2/22
3/23
103
280
473
10/27
163;
-124
817
8/14 1242
11/24 1740
7/29 1165
12/12 1852
9/22 1452
10/12 1560
2/14
226
2/11
197
12/ 1 1768
2/8
5/20
183
802
5/20
802
/20
1/13
803
67
2/14
241
4/21
633
4/24
650
209
Pages
Press
statements: (Continued)
Investments in Series G Savings Bonds, to be valued
at par in reports of examini?tion
liargin requirements under Regulations T and U, suggested
statement giving reasons for increase in,
idr. Draper to discuss matter with Securities
and Exchange Commission
h,--ock,
6,1
ihian 1\., President of FRBank of Boston,
retirement of
liegulation V, review of operations as of April 6, 1944
fteculation V,1 Amendment No. 11, adoption of
Amendments No. 12 and 13, adoption of
Amendment No. 14, Servicemen's Guaranteed Loan,
adoption of
Stabilization fund, statement of principles re,
to be released
T-loc-n
program, statement to be released,
instructions to FRBanks
k-ADT3y Lent to FRBanks, Mr. Hinckley, and the Services
r
oraotio
ctivities of FRBanks, discussion at meeting of
Presidents with Board of distribution of
material to banks in connection with G. I.
Bill of Rights, matters to be referred to
Publ,
Board, as in case of Veterans Administration
444 statements:
Information released by Board, procedure re, reply to
inquiry of Mr. Odegard
International stabilization, Bretton Oioods Agreement:
Statements in opposition to Monetary fund plan,
not to be made by FRBanks or their
officers, but views to be expressed
to Board
Policy re by System representatives, discussion of
Statement of Chairmen Eccles for Presentation
to Presidents' Conference approved
policy re, memo to be presented by Chairman Eccles
at meeting of Presidents' Conference
with Board
Discussion of policy re at meeting of Presidents'
Conference with Board
stenographers:
art, Dice and Harkins, arrangements to be made for
PLib,
record of Conference of k.uditors approved
141erican Banker:
Absorption of exchange and collection charges,
garbled reports of hearings on, published
in, discussion at meeting of FAC with Board
Absorption of exchange charges, request for statement
of Board's position re to be published with
FDIC statement, board opposed to granting
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/ 3
4
6/29 1041
2/14
4/ 7
3/23
6/20
241
552
472
995
11/ 3 1654
4/12
600
4
9 8 1 4
14 6
7
12/11
1540
12/16 1884
6/19
987
9/15 1380
9/19 1415
9/22 143';
9/2 1465
3/30
508
1/ 5
18
4/21
641
210
Pages
P414
..4
.cations: (Continued)
American Banker: (Continued)
Item re bill increasing funds for Smaller .ar Plants
Corporation for loans, report on hearing
before Banking and Currency Committee of
House
John Barr v. United States, involving certification
by FRBank of New York of "official" and
"free" rates for pounds sterling, comments re
Analysis of Brown-Maybank bills by Mr. Stroud,
no objecton to reproduction of
Banking and Monetary Statistics, bill from National Capital
Press, Inc., for printing, discussion of,
approved with 10 per cent increase on
balance due
Base book, procedure for distribution
FHA booklet entitled "Here's How to Lake Sales and
Satisfied Customers with FHA Title I
Loans", procedure for distribution in
connection with Regulation W
FRBe,nk of Atlanta, April Business Review, issuance .• nd
distribution of supplement approved
Fop_
.0.nks, policy of submitting to Board for approval
to be continued
supervision of contents, recommendation
of Mr. Evans re, approved
Information released by Board, prccedure re,
reply to Mr. Odegard
"L''gislation to Finance Business in the Post-t,ar
Perio6," statement read at meeting of
Presidents Conference with Board
York Times:
John Barr v. United States, involving certification
by FRBank of New York of "official" and
"free"rates for pounds sterling, comments re
(31-1-Par banks, list of, suggested by First National Bank
of Leesburg, Florida
Pcific Coast National Automobile Dealers Used Car Guide,
designation for west Coast approved, new
publication to be released in January 1944
SYstem research personnel, policy re public statements
and activities by, recommendation approved,
subject to arrangement with Presidents re
research activities
Recommendation re, advice of action of Presidents
to be received at Presidents' Conference
Procedure in recommendation to apply to all officers
and employees of FRBanks, letter advising
Presidents to be drafted and submitted to
Board by Mr. Morrill
Procedure adopted re, FRBanks advised
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/24 1738
12/22 1923
6/ 1
868
7/18 1124
377
3/ 8
9/ 2 1314
3/31
.16
3/21
461
3/ 9
386
12/16
1884
9/22 1462
12/22
1923
3/30
506
1/5
14
201
2/26
307
3/ 9
3/21
385
460
211
Pages
Pub • .
lications: (Continued)
all Street Journal, request for information re demand
for bank credit after the war, report to
be sent upon completion of study by FRSystem
8/26
1288
Cue8.1
onnaires:
Condition of banks, submission by certain corporate
depositors to depositary banks for inforrdatinn re, Lr. i:,cKee and staff to consult
vith Comptroller of the Currency and FDIC
re correction of practice
3/21
451
1/28
144
Radlidllufacturers Association, resolution to be transmitted
to Lir. Baruch, Lugestion of Board
Rates:
Commitment fees under section 13b and tlegulation V,
modification of, recommendation of Presidents Conference satisfactory to Board
Commitment rates on war loans:
FRBank of Atlanta, maximum approved
FRBank of Boston, action deferred
Telegram requesting advice re language
for establishment of maximum
Maximum approved
FRBank of Chicago, minimum end maximum approved
FRBank of Cleveland, action on change deferred
Maximum approved
FRBank of Dallas, maximum approved
FRBank of Kansas City, maximum approved
14hBank of Minneapolis, maximum approved
FRBank of New York, maximum approved
FRBank of Philadelphia, maximum approved
Faank of Richmond, maximum approved
FRBank of St. Louis, maximum approved
FRBank of San Francisco, maximum approved
Discount:
Bank of Canada, reduction stated in press release
Differential rate of 1/2 per cent, availability
to nonmember banks, question raised at
meeting of Presidents with Board
Preferential rate of 1/2 per cent on Government
securities, extension to nonmember bvnks,
cussion of but no action taken
discussion
Atlan:104
F
of
s
Commitment rates on war loans, maximum approved
Schedules of discount and purchase approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/;12 1452
10/ 6 1536
10/13 1562
10/21
10/25
10/ 4
10/12
10120
10/14
10/14
10/ 7
10/ 4
10/ 7
10/13
10/13
10/ 7
1606
1621
1514
1:''57
,
1603
1569
1569
1538
1513
1537
1562
1562
1537
2/11
197
3/ 1
339
3/ 9
389
10/ 6 1536
1/ 7
42
108
1/21
166
2/4
212
Pages
Rates:
(Continued)
FEBank of Atlanta: (Continued)
.chedules of discount Lnd purchase apLroved: (Continued)
268
358
426
509
575
671
744.
832
6/9 937
6/23 1009
7/ 7 1074
7/21 1130
8/ 4 1199
8/18 1257
9/ 1 1309
9/15 1374
9/29 1502
10/13 1561
10/27 1631
11/10 1671
11/24 1736
12/ 8 1822
12/22 1922
2/18
3/3
3/17
3/31
4/14
4/28
5/12
5/26
PRBank of Boston:
Commitment rates on war loans, action deferred
Adoption of uniform language reuested
Maximum approved
Schedules of discount and purchase approved
10/13 1562
10/21 1606
10/25 1621
42
1/7
102
1/21
2/4 166
2/18 268
3/3
3/17
3/31
4/14
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
358
426
509
4/28
5/12
5/26
575
671
744
832
6/9
6/23
6/30
7/ 7
7/21
8/ 4
8/18
9/ 1
937
1009
1049
1074
1130
1199
1257
1309
213
Pages
kte8:
(COntinUed)
FaBank of Boston: (Continued)
6chedules of discount and pu
Che se
approved: (Continued)
FRB k of
Chicago:
Commitment rates on war loans, minimum and
maximum approved
Schedules of discount and purchase approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/15
9/29
10/13
10/20
11/10
11/24
12/ 8
12/22
12/29
1374
1502
1562
1621
1671
1736
1822
1922
1952
10/ 4 1514
42
1/7
1/14
83
108
1/21
141
1/28
2/4 166
206
2/11
268
2/18
2/25
296
3/3 358
3/10
395
3/17
426
474
3/24
3/31
509
551
4/7
575
4/14
4/21 636
4/28 671
703
5/ 5
5/12 744
795
5/19
832
5/26
6/2 873
6/9 937
6/16
971
6/23 1009
6/30 1049
7/ 7 1074
7/14 1096
7/21 1130
7/28 1151
8/ 4 1199
8111 1228
8/18 1257
8/25 1283
214
Pages
aates.
(Continued)
FRBank of Chicago: (Continued)
Lchedules of discount Hid purchase aprovcd: (Continued)
9/ 1 1309
9/ 8 1344
9/15
10/13
10/20
10/27
11/ 3
11/10
11/17
11/24
12/ 1
12/ 8
1374
1561
1603
1631
1659
1671
1710
1736
1763
1822
12/15 1874
12/22 1922
12/29 1952
FfiEnk of Cleveland:
Cozimitment rate on war lonns, action on change deferred
Maximum approved
L'chedules of discount and purchase approved
10/12 1557
10/20 1603
1/14
23
1/28
141
2/11
206
2/25
296
3/10
395
3/24
4/7
4/21
5/5
5/19
6/2
6/16
6/30
7/14
7/28
8/11
8/25
9/ 8
474
551
636
703
795
873
971
1049
1096
1151
1228
1283
1344
9/22 1430
10/20 1603
11/ 3 1659
11/17 1710
12/ 1 1763
12/15 1874
12/29 1952
Fii.Enk of Dallas:
Commitment rate on war loans, maximum approved
Schedules of discount and purchase approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/14 1569
1/ 7
1/14
42
83
215
Pages
Elates:
(Continued)
FRBank of Dallas: (Continued)
schedules of discount and purchase approved: (Continued)
1/28
2/11
2/25
3/10
3/24
4/7
4/14
4/28
5/12
5/26
6/9
6/23
7/ 7
7/14
7/28
8/11
141
206
296
395
474
551
575
671
744
832
937
1009
1074
1096
1151
1228
8/25 1283
9/8 1344
9/15 1374
9/29
10/14
10/27
11/10
11/17
12/ 1
12/15
12/22
12/29
of Kansas City:
Commitment rate on war loans, maximum approved
Schedules of discount and purchase approved
10/14 1569
83
1/14
141
1/28
206
2/11
296
2/25
3/10
395
3/24
474
4/7
551
4/14
575
4/2
5/12
5/19
671
744
795
873
6/2
6/9
6/23
7/ 7
7/14
7/28
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1502
1569
1631
1671
1710
1763
1874
1922
1952
937
1009
1074
1096
1151
216
Pages
Rates: (Continued)
Fa'ank of Kansas City: (Continued)
schedules of discount and purchase approved: (Continued)
8/11 1228
8/25 1283
9/ 8 1344
9/15
9/29
10/14
10/27
f
ItBdnk of
Commitment rates on war loans, maximum approved
Schedules of discount and purchase approved
11/10
11/24
12/ 1
12/15
12/29
1374
1502
1569
1631
1671
1736
1763
1874
1952
10/ 7 1538
42
1/7
1/14
1/28
2/11
2/25
3/10
3/24
4/7
4/14
4/28
5/12
5/26
6/9
6/23
7/ 7
7/14
7/28
83
141
206
296
395
474
551
575
671
744
832
937
1009
1074
1096
1151
8/11 1228
8/25 1283
9/8 1344
9/15
9/29
10/13
10/27
11/10
11/24
1374
1502
1561
1631
1671
1736
12/ 8 1822
12/15 1874
12/29 192
4Bank of New York:
Commitment rates on war loans, maximum approved
Schedules of discount and purchase approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/ 4 1513
42
1/7
217
Pages
114tes: (Continued)
FRBank of New York: (Continued)
Schedules of discount nnd purchase approved: (Continued)
1/14
1/21
1/28
2/4
2/11
2/18
2/25
3/3
3/17
3/24
3/31
4/7
4/21
4/28
5/5
5/12
5/19
5/26
6/2
6/9
6/16
6/30
7/ 7
7/21
7/28
8/ 4
8/11
8/18
8/25
9/ 1
9/ 8
83
108
141
166
206
268
296
358
426
474
509
551
636
671
703
744
795
832
873
937
971
1049
1074
1130
1151
1199
1228
1257
1283
1309
1344
9/15 1374
9/22 1430
10/ 7
10/13
10/20
11/ 3
11/10
11/17
11/24
12/ 1
12/ 8
1537
1561
1603
1658
1671
1710
1736
1763
1822
12/15 1874
12/22 1922
12/29 1952
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
218
Pages
ftatft:
(Continued)
FRBank of Philadelphia:
Commitment rates on war loans, maximum approved
Schedules of discount and purchase approved
10/ 7 1537
42
1/7
1/21 108
2/4 166
2/18 268
3/3 358
3/17 426
3/31
509
4/7 551
4/a 636
5/5
703
5/19 795
6/2 873
6/16
971
6/0 1049
7/ 7 1074
7/21 1130
8/ 4 1199
8/18 1257
9/ 1 1309
9/ 8
9/22
10/ 7
10/20
11/ 3
11/17
12/1
12/ 8
12/22
1344
1430
1538
1603
165c
1710
1763
182:
1922
PRBank of
Achmond:
Commitment rates on war loans, maximum rate approved
Schedules of discount and purchase approved
10/13 1562
1/?
42
1/14
1/28
2/11
2/25
3/10
3/24
4/7
4/14
4/28
5/12
5/19
6/2
83
141
206
296
395
474
551
575
671
744
795
873
937
6/23 1009
7/ 7 1074
6/9
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
219
1-ages
Rate8*
.r
Continued)
PftBank of aichmond: (Continued)
Schedules of discount and purchase approved: (Continued)
FRBank of St. Louis:
Commitment rates on war loans, maximum rate approved
Schedules of discount and purchase approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/14
7/28
8/11
8/25
9/ 8
9/15
9/29
10/13
10/27
11/10
11/24
12/ 8
12/15
12/29
1096
1151
1228
1283
1344
1374
1502
1562
1631
1671
1736
1822
1874
1952
10/13
I/ 7
1/14
1/28
2/4
2/11
2/18
3/3
3/10
3/17
3/24
3/31
4/7
4/14
4/21
4/28
5/5
5/12
5/26
6/9
6/16
6/23
6/30
7/14
7/21
7/28
8/ 4
8/18
8/25
9/ 1
9/ 8
1562
42
83
141
166
206
268
358
395
426
474
509
551
575
636
671
703
744
832
937
971
1009
1049
1096
1130
1151
1199
1257
1283
1309
1344
220
Pages
Ratees•
‘Continued)
FRBank of St. Louis: (Continued)
Schedules of discount and purchase approv
(Continued)
9/15
9/29
10/ 6
10/13
10/27
11/ 3
11/10
11/17
11/24
12/ 1
12/ 8
1374
1502
1534
1562
1631
1659
1671
1710
1736
1763
1822
12/15 1874
12/22 1922
12/29 1952
FaBank of San Francisco:
Commitment rates on war loans, maximum approved
Schedules of discount and purchase approved
10/ 7 1537
42
1/7
83
1/14
1/21 108
166
2/4
2/18
268
3/3
3/10
3/17
3/24
3/31
4/7
4/14
4/21
4/28
5/5
5/19
5/26
6/2
358
395
426
474
509
551
575
636
671
703
795
832
6/9
937
971
1009
1049
1074
1096
1130
1199
6/16
6/23
6/30
7/ 7
7/14
7/21
8/ 4
873
8/11 1228
8/18 1257
8/25 1283
9/ 1 1309
9/ 8 1344
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
221
Pages
?.:te • t
8.
Continued)
FRBank of San Francisco: (Continued)
Lchedules of discount and purchase approved: (Continued)
9/15
9/22
9/29
10/ 7
10/13
10/20
10/27
11/ 3
11/10
11/17
11/24
12/ 1
1374
1430
1502
1538
1561
1603
1631
1659
1671
1710
1736
1763
12/ 8 1822
12/15 1874
12/22 1922
12/29 1952
Interest:
FRBank of Boston, rate of 2-1/2 per cent to
4-1/2 per cant on advances including
advances under section 13b approved
T loans, schedule of fees and maximum interest
rate, letter to Mr. hinckley approved
Termination loans, schedule of fees and rates,
approved by Director of Contract Settlement
InteresJ-L, rate level, Mr. Goldenweiser to prepare draft
of statement as to continuance of, for
consideration by board
Ltatement to be prepared for annual report
and submitted to Board
Statement for annual report discussed) to
be revised and resubmitted to Board
Statement for annual report, approved
a rt-term rate on Government securities, discussion
of increase in, at meeting of executive
committee of FAC with Board
estate, condition of membership of Louisville Trust Co.,
Louisville, Kentucky, modified to permit
to act as agent in sale of real estate
rit,ersion:
'
orltract termination financing, etc., whole problem to
be discussed at meeting of subcommittee
of Joint Contract Termination Board with
representative bankers
Loans for
small business, reply to be drafted to
Senator Murray re problems of
Letter to Senator hurray to be revised, matter
referred to War Loans Committee
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/13 1562
';/31
1:99
9/ 6 1.32:3
711
197
511
4/11
4/14
563
581
3/8
380
7/11 1083
1/13
73
11/24 1737
12/ 7 1815
222
Pages
RE:Conversion:
(Continued)
Terminated war contracts, etc., statement of Chaimen
Eccles to r. Baruch, approved s generel
statement of Board's views
Interim financing, copies of correspondence 7:ith
Mr. Baruch, enclosures, etc., sent to FRBanks
scounts:
Commodity Credit Corporation notes, eligibility for
rediscount by FRBanks, letter to Mr. Hitt re
Eligible as collateral for borrowings under section 13
of FRJ,ct and entitled to discount rate
Agricultural Credit Corporation, bill to abolish,
report of Department of Agriculture on
1114tions, Board of Governors:
AP Discounts for and Advances to Member Banks by FRBanks:
Amendment to change last sentence of subsection (h)
of section 1, in connection with revision
of Regulation V
Amendment adopted
Branch banks:
Amendment re directors appointed by Board
Amendment to section 3(b)1 relating to directors
appointed by FRBanks
Directors of FRBranch banks, six-year rule waived
as to reappointments for 1945
F,
fiduciary Powers of National Banks:
Common trust funds, investment of deposits under
pension trust plan by participation in,
letter to Mr. Lacovara re
Regulation not for soliciting new business,
letter to Mr. J. K. Sinclaire
Jackson-State National Bank, Jackson, Mississippi,
fiduciary funds not to be invested in
stock of, dvice re
J:
Revision on Check Collection Circulars, no change
to be made at present, recommended at
meeting of Presidents with Board
Recommendation of Presidents' Conference Committee
on Operations that no change be made at
present approved, letter to Mr. Day
L,
Interlocking Bank Directorates:
ABA's Post-War Credit Commission for Small Business,
plan sponsored by, luestion of applicability of Clayton Act
Amendment discussed, question to be
presented at meeting of FAC
Amendment to be discussed at meeting
of FAC on September 17-19
No action on amendment, discussion at
meeting of FAC with Board
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/13
76
2/ 7
176
5/29
847
11/24 1744
5/20
802
8/12 1235
9/ 6 1330
2/24
291
7/ 8 1078
6/26 1031
4/21
642
3/10
401
12/ 2 1781
9/22
1439
10/12
1559
7/29
1167
7/29 1176
8/18
1260
9/18
1390
223
Pages
RWAtions, Board of Governors: (Continued)
Leave, modification including allowance for travel time
P:
Q:
Bank of Nevada, Las Vegas, Nevada, application for
membership, applicability of section 4
to, Board not in favor of voting permit
for Transamerica Corporation, letter to
FRBank of San Francisco to be prepared
Application for voting permit prerequisite
for membership in FRSystem, Board not in
favor of, letter to Mr. Clerk re
Application for membership not to be acted
upon until voting permit requirInent
fulfilled by Transamerica Corporation,
bank to be advised
Absorption of exchange and collection charges,
hearing on before Banking and Currency
Committee of Congress, statement re by
Messrs. Ransom and McKee, discussion of,
at meeting of FAC with Board
Statement prepared re position of FAC on,
discussed at meeting of FAC with Board
Lmecican Trust Company of Charlotte,
question of continuing practice of
Banks in Charlotte, North Carolina,
agreement to discontinue
American Trust Company of Charlotte,
North Carolina, amendment to law,
suggested by Mr. Wood, letter
from Board re
auling on, letter to Senator Merry re
comment of Nebraska banker on
huling on, letter to Mr. Lex:Green re
inquiry from Mr. Hardee
Bill to be introduced in House by Congressman
Paul Brom, hearings to be held on
S. 1642, to amend section 19 of FRAct to
provide that it not prohibit,
introduced by Senator Maybank
Hearings on Regulation Q, and H. R. 3956 to
be considered by House Banking and Cur—
rency Committee
heference to four banks complaining of
Board's ruling re, discussion of
Reports on H. R. 3956 and S. 1642 sent to
Chairmen of Senate and House Banking and
Currency Committees, copies sent to FRBanks,
FAC, and National Association of Supervisors
of State Banks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/16
722
6/29 1039
6/30
1052
7/la 11:1
1/5
16
1/5
17
i/6
24
1/6
74
1/7
3R
1/10
3
1/11
58
1/13
62
1/13
62
1/19
100
1/19
101
11:4
117
224
Pages
3oard of 3ovel'norz: (Continued)
(Continued)
2bsorption of exch,Inj,2 and collection charges: (Continued)
Letter to Senator Byrd re Board's ruling on
In case of National State Bank of Elizabeth,
N. J., where costs of collecting charges
would exceed amount absorbed, letter to
FRBank of New York re
Resolution adopted by FAC, revision approved,
to be released to press
Letter to Mr. E. W. Kane re progress of
legislation on
Case of Seattle-First Natioi.al Bank,
Spokane, Washington, letters to
Mr. Triplett and to PRBank of
San Francisco
H. H. 3956, letter to Mr. R. H. Norris re
Board's covering letter on reports of
Brown and Maybank bills, Board to continue
opposition to, chairman Eccles to discuss
matter with Senator ;vagner before reconsideration by Board
Letter of Congressman Crawford, to be sant to
member and nonmember banks, Board's
to be utilized
Status of Brown and Maybank bills, discussion
of means of defeating, at meeting of
executive committee of FAC with Board
Reply to criticism of Board's position re,
sent to Commercial ;est
Letter in reply to Mr. P. E. Murphy, enclosing
copy of transcript of Hearings on H. R. 3956
Letter to Senator Bailey re letter of Lr. A. McG.
Little and service charges made by Scottish
Bank of St. Paul and Lumberton, North Carolina
S. 1642, Maybank bill, effect on FaSystem,
letter to Senator Buck re
Provident Trust Company, not considered a payment
of interest, telegram re to Mr. Sienkiewicz
Avoidance of expense to member bank, statement
to be published in April issue of FRBulletin
Letters to Mr. Romfh re out-of-town checks
and practices of Jacksonville banks
Request for statement of Board's position re
to be published with FDIC statement in
American Banker, Board opposed to granting
Violations by State member banks in Louisville,
discussion at FOMC meeting, acti.on delved
pending hearings on Brown-Maybank bills
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4
169
2/8
178
2/14
226
2/16
256
2/25
300
3/1
352
3/6
363
3/6
368
3/8
379
3/15
417
3/20
440
3/21
456
3/27
488
3/28
493
3/29
503
4/5
541
4/21
641
5/5
713
225
Pages
egaations, Board of Governors: (Continued)
Q: (Continued)
Absorption of exchange and collection charges: (Continued)
Hearings on Brown-Maybank bill to be
held week of August 7
Hearings on Brown-Maybank bill to be held
before Senate Committee, discussion
at meeting of FAC with Board
Amendment to permit withdrawal of time and savings
deposits before maturity for purchase of
U. S. Government securities, Board not in
favor of, Chairman Eccles to advise Mr. Bell
American National Bank and Trust Coapany of Chicago,
practice of furnishing banks with money
order forms, question of violation of
Regulation, letter from Allegan State
Bank, Allegan, Michigan, referred to
Legal Division for reply
Furnishing of money order forms to banks,
question of being payment of interest,
left to discretion of FRBank of Chicago
American Trust Company of Charlotte, North Carolina,
absorption of exchange and collection charges,
question of continuing practice
Amendment to law suggested by Mr. Wood
Reference to increase in deposit liability and
reply by Mr. Ransom to letter from Mr. i000d
Analysis of checking accounts for assessment of
service charges, not a payment of interest,
letter re inquiry of Mr. House
Deposits, withdrawal of time certificate before
maturity for purchase of war bonds, not
considered emergency under section 4(d),
letter to Mr. Leedy re inquiry from Mr. Klein
IlInforcement in event of defeat of Brown-Maybank bill,
discussion at meeting of Presidents with Board
Enforcer,ent of, in event of defeat of Brovin-Maybank
bill, instructions to be issued to FRBanks,
Mr. McKee to make recomhendation re
FuIC exaainers not to examine or visit State member
banks, without written consent of Board,
telegram to FRBanks
Jacksonville Clearing Association, -mendment to
by-laws re exchange charges, question
of violation of Regulation
1,ississippi State Bankers' Association, resclution
re absorption of remittance charges by
city correspondents of country banks,
letter explaining Board's ruling re
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/29
1169
12/ 4 1735
4/14
52
4/14
586
4/24
653
1/ 6
1/ 7
24
38
1/13
63
2/22
288
6/20
999
12/11
1845
12/18
L903
3h1
515
1/11
60
1/13
79
226
Pages
I gul,f •
T:
Board of Uovernorc: (Continued)
(Continued)
Oklahoma City Clearing House Association, furnishing
forms of bank money orders, question of
violation of Regulation as payment of
interest, left to discretion of FRBank
of Kansas City
Peoples Bank of Leslie, Michigan, proposed regulation
re cashing checks on out-of-town banks, not
considered a payment of interest on demand
deposits
hesolution adopted by Rhode Island Bankers Association in opposition to Bropn and Maybank
bills, confusing reference to Regulation
Telegram to FRBank of Atlanta re draft of
letter to Mr. Roberts
F. 8. Moseley & Co., Boston, Massachusetts, application of section 7(a), to transactions by
letter and draft of ruling re inquiry
Application to activities re loans on
securities, letter to Mr. McRae
Mr. Harry C. Robbins to come to Washington
to discuss application to certain
activities of
Activities not in violation of
Liargin requirements, increase in, suggested
press statement giving reasons for,
Mr. Draper to discuss matter with
Securities and Exchange Commission
Views of SEC re, reply to Er. Purcell
Discussion of, no action on
Maximum loan value of securities, reduction in,
memo of Mr. Parry re, to be considered
further at Board meeting on June 23
Matter to be considered again, statement re
to be drawn up by Messrs. Draper and Parry
Suggested press statement giving reasons for,
Mr. Draper to discuss matter with SEC
No objection by SEC
-argin requirements, increase in, suggested press
statement giving reasons for, Mr. Draper
to discuss matter with Securities and
Exchange Commission
Viev,s of SEC re, reply to Mr. Purcell_
Jiscussion of, no action on
Securities, reduction in maximum loan value of,
memo of Mr. Parry re, to be considered
further at Board meeting on June 23
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/19
797
1/13
78
4/24
654
4/ 3
.725
7/14 1098
C/ 1
1184
9/12 1361
12/ 3 1828
6/29 1041
8/11 1229
10/ 5 1527
6/20
996
6/23 1012
6/29 1041
10/ 5 1527
6/29 1041
8/11 1229
10/ 5 1527
6/a)
996
227
Pages
Re
Mations, Board of Governors: (Continued)
U: (Continued)
Securities: (Continued)
Matter to be considered again, statement re
to be drawn up by Messrs. Draper and Parry
Suggested press statement giving reasons for,
Draper to discuss matter with SEC
No objection by SK
V:
Credit outstanding, letter to Mr. Kingsley Kunhardt re
hevision of, draft sent to FRBanks, comments
and suggestions requested
Letters to the Services re proposed
revision, advice requested
Transmission of proposed regulation to
Director of Contract Settlement for
approval authorized
Transmission of proposed regulation to Mr.
Hinckley, Director of Contract Settlement
Revision, approved by Director of Contract
Settlement, photo-offset negatives, copies
available to FRBanks, amendment to Regulation A in connection with
Revision effective September 11, 1944
Conumer Credit:
Air compressor, not applicable to rental contract
for, letter to Mr. Owen re
Amendment No. 11, proposed, copy of draft sent to
FRBanks and Messrs. Morgenthau, Jones, and
Bowles, comments and suggestions requested
Ldontion of
Statement to be published in April issue
of FRBulletin
Amendment No. 12 adopted
Copy submitted by Mr. Leukhhrt, National
Used Car Market Report, satisfactory
13 adopted, re extension of credit
No.
Amendment
for mixed purposes
Statement to be published in July issue
of FRBulletin
Amendment No. 14, exemption of Servicemen's
Guaranteed Loans, adoption of
Statement to be published in December issue
Amendment suggested to exempt loans made under New
Jersey Veterans' Business Loan Act of 1944
Appraisal guides:
Amendment No. 12 adocted, letters re sent to
publishers of
American Auto Appraisal, designation for use,
effective through July 9, telegrJa to
r. Nesbitt and others
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/23 1012
6/29
10/ 5
1041
1527
11/ 7 1666
6/2
876
7/17
1119
8/ 4 1201
8/ 5 1211
8/12 1235
9/ 6 1328
7/15 1104
2/15
3/23
250
469
3/24
6/16
477
974
6/29 1047
6/20
994
6/23 1015
11/ 3 1654
11/23 1734
12/ 7 1821
6/16
975
6/14
964
228
Pages
Reglaat.
, 1°ns, Board of Governors: (Continued)
6, Consumer Credit: (Continued)
Appraisal guides: (Continued)
American Auto Appraisal: (Continued)
Letter to Mr. Nesbitt re designation for
determining maximum credit values
Expiration date, extended through July 9,
letter to Mr. Vesper
Kelley Kar Company, letter to 1,r. KelLey re
designation for determining maximum
credit values
Motor Vehicle Division of State of Nebraska,
letter to Mr. Boyles re designation for
determining maximum credit values
National Used Car Market aeport, Inc.,
letter to Mr. Leukhart re designation
for determining maximum credit values
Northwest Publishing Co., letter to Mr.
Leonard re designation for determining
m.aximum credit values
Pacific Coast National Automobile Dealers
Used Gar Guide, designation for vest
Coast approved, ne7 publication to
be released in January 1944
Recording and Statistical Gorporaton,
letter to Mr. Meffley re designation
for determining maximum credit values
Used Gar Guide, NADA, letter to Mr. Vesper
re designation for determining maxLqum
credit values
Used Gar Statistical bureau, Inc., letter to
Cohan re designation for determining
maximum credit values
isconsin Automotive Trades Association,
letter to Mr. 'Allan re designation for
determining maximum credit values
Approval sales of high-priced musical instruments,
applicability to, letter to 1,ft. Rubel re
Automobile, financing of purchase, reply to inquIry
of FaBank of ban Francisco re
Automobile dealers registered under, no objection
to furnishing list to local OPA office,
cdre to FRBank of Kansas City
Automobiles, financing in postwar period, reply to
inquiry of bliss Helen A. Taylor re
Billiard eAuipment, inquiry from Brunswick-halke-Gollender Company, more information re requested
tot included in listed articles, advice to FRBanks
Bowling alleys, balls, and pinL,, not included in
listed articles, decision made after
reviei, of ciuestion
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/15
418
6/16
975
V15
419
3/15
419
3/15
419
3/15
419
1/5
14
3/15
419
3/15
419
3/15
419
V15
419
7/13 1093
8/ 2 1188
7/28 1153
12/16 1885
9/26 1493
10/17 1592
6/3
880
229
Pages
Reg
, lons, Board of Governors: (Continued)
4) Consumer Credit: (Continued)
Cash price, difference between, and instalment price
Meaning of, correspondence with attorney in
connection with, letter sent to FRBanks
Changes in, proposed by Mr. J. A. Kaufman of
ilarwick Stores, Inc., New York City
Coal stoker, applicability of section 8(m) on
fuel conservation credit: to
Collateral, 36 month paper from sale of trailer,
acceptable by bank as
Company of .aterbury, Connecticut,
Trust
Colonial
recommendations for relaxing made by,
letter to Congressman Joseph E. Talbot
Consumers Home Equipment Co., credit selling
practices, reply to letter requesting
answers to two questions re
Establishment of cash price, within
section 4(a)(3) of Regulation
Establishment of "casn price" under
sections 2(j) and 4(a)(3)
Continuation in post-war period, letters re sent
to Messrs. C. A. McClung, H. T. Johnson,
and A. J. Lipsky
Fitch re
Letter to Mr. George
Credit, extension to customer charging United
States bonds, Regulation not applicable to
Credit, extension to replace boiler as part of
heating plant in home, letter re proposed amendment to section 8(m)(1)
and other means of obtaining, sent
to Mr. 'hallace
Credit sales, charge and instalment, ruling re
classification, letter to Mr. Bush
and to FRBanks
ii4nforcement, quarterly reports, condensation of Item 7
Study by FRBank of Cleveland to determine
extent of evasion of down payment
requirements on automobiles
FHA booklet entitled "Here's How to Make Sales
and Satisfied Customers with FHA Title
I Loans", procedure for distribution
in connection with
Financing of home improvements, letter sent to
Senator burdock re Mr. bteffensen's
inluiry in connection with
Financing of home repairs and maintenance,
exemption from, letters re to Messrs.
E. F. Longinotti and W. M. Harlan, Jr.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/15
420
3/29
496
5
717
5/13
751
7/ 7 1676
1/14
85
2/ 8
179
3/15
420
4/26
667
2/24
2/29
317
291+
6/ 7
920
2/24
293
7/13 1092
2/21
:75
7/18
1123
1314
2/8
181
2/ 2
158
230
Pages
4iNaat1ons, Board of Governors: (Continued)
's consumer Credit= (Continued)
"Heating eluipment" in section 8(m), includes heating
stoves and water heaters, but not cooking
stoves and ranges, telegram to FRBanks re
Heatin,; stoves and space heaters, considered heating
equipment under section 8(m)
Home Improvement Company, exemption of fuel conservation credits, letter re insulation board
Insulated brick siding, amendment to include as item
excepted from credit restrictions, Board
not in favor of, letter to Mr. C. N. Nichols re
Amendment to exclude credits for, copy of
letter to Northeastern Roofing, Siding
and Insulating Contractors Aszociation,
Inc., sent to FilBanks
Question of exemption from Regulation, not
to be reopened, letter to Mr. Elionols re
Exemption from, no new information re,
letter to Mr. Aichols
Loans by building and loan associations to
shareholders, letter to Mr. Albert
J. Williams re exemption from
Maintenance and repair of residential property,
extensions of credit for, letter to
Mr. Jackson re applicability of
Loans for, letter to Mr. G. E. bteffensen
re applicability of
M. Harlan, Jr., re
Letter to Mr.
Exemption of loans for, letter to
R. P. French re
Liasonry veneer, exemption of credits, not advisable,
letter re inquiry of Lindell Trust Company,
St. Louis, Missouri
Maximum Credit Values for Used 1942 Automobiles,
statement to be published in April issue
of Faulletin
;izximum Price Regulation 540, issued by OPA,
effect on used car classification,
copies sent to FRBanks
:Cormiek, Hart, problems re indebtedness,
letter to Representative KildLy re
Mechanical blowers, installation in hot air
furnaces, rules indicating status of
Musical instruments, applicability to approval
sales of high-priced, letter to Mr. Rubel re
Applicability of section 4(e), investigation
to be made by several FRBenAs re,
advice to Mr. Rubel
Effect on purchase of, problem to be considered
at later time, letter to -r. Ira Rubel re
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/15
968
4/ 4
531
9/,3 1480
6/ 1
868
6/ 9
938
6/13
960
6/20 1000
4/10
560
1/25
134
1/28
2/12
144
222
2/25
302
7/15 1104
3/24
477
6/:4 1313
10/14 1571
4/77
670
7/13 1093
8/23 1280
9/25
1484
231
Pages
UegulF '
'hells, Board of Governors: (Continued)
Consumer Credit: (Continued)
IJtiA General Order Nc. 60-413, effect on, loans for
repair and modernization of residential
property not exempt from, letter to Mr.
J. Russell Hughes re
New Jersey Veterans' Business Loan Act of 1944,
amendment to exempt loans made under,
letter to Mr. Erdman re suggestion
Partial payments in charge account, ruling re,
letter to Mr. Bush and to FRBanks
Statement to be published in August issue
of FRBulletin
Porch enclosures, not classed as storm windows
for purposes of section 8(m)
Premium advancement practice, no ruling issued
yet re, telegram to Mr. F. J. Lunding
Premium plan used by Jewel Tea Company, Cook
Coffee Company, and others, applicability of Regulation to
Radio or heater in used car, inquiries re maximum
credit value of car under section 13(d),
and sale of accessories under separate
contract
r‘egistrants in automobile business, no objection
to furnishing list to OPA
modernization loans, letter to
and
Repair
Mr. Stephen A. Heffield, Sr., re
Repair and modernization of residential property,
loans for, letter to Mr. Clyde C. Shively
re applicability of
Repair and modernization work, exemption from
desired, letters re to .4essrs. Boeddener
and houtensky
Reports of enforcement activities under,
suggestions re requested
Reprint after adoption of Amendment No. 11,
instructions sent to FftBanks
Retail Credit Institute of America, Inc.,
reply to letter re return of armed
forces, in connection with
Request re exemptions for discharged service
men, discussion of, no further action taken
Exemptions for discharged service men and
women, letter to Mr. Sachs re
Sections 6(d) and 7(d), revised, information re,
telegram to FRBank of Cleveland
6ection 8(a), loan secured by first lien on real
estate, question of determining validity
of statement re, letter to Mr. Robert J.
Kiesling
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/25
136
12/ 7 1821
7/13 1092
7/26
1146
4/21
645
2/12
222
4/ 3
526
6/22 1007
7/22 1134
2/25
302
1/25
135
1/12
97
1/11
61
3/25
479
2/ 3
164
2/22
281
3/29
498
3/30
507
3/14
413
232
Pages
Regulations, Board of Governors: (Continued)
Wi Consumer Credit: (Continued)
Section 8(a): (Continued)
Reply to inquiry re meaning of "bona fide"
in connection with first lien
Section 8(m), fuel conservation credits, effect of
proposed amendment on, letter to Mr. John
B. Blandford, Jr., re, comments requested
Applicability to installation of coal stokers,
letter to FRBank of Richmond re
Inquiry re exemption of insulating board,
from Home Improvement Company of
Birmingham, Alabama
Applicability to credit for coal stokers,
letter to FRBanks clarifying rulings re
Installation of insulating board not exempted
by, letter to FRBank of Chicago re
Section 10(a)(2), question of loan to retire
obligation and of revision of obligation
without utilization of security, letter
to Mr. Hays re
Section 12(b), schedule of uniform payments on
consolidated obligation, question of
compliance with, raised by small loan
lenders, letter to Mr. Vergari and
copy sent to FRBanks
Interpretation of, advice of FRBanks re
preference for solution, requested
Taylor, Helen A., Federal Advertising Agency Inc.,
copy of regulation and information re
sent to
Temperature control equipment, status of under
Regulation
Trailer, 36 month paper from sale of, cceptable
as collateral by bank
Uintah State Bank, Vernal, Utah, comnents
concerning continuance after war
Universal CIT Credit Corporation, correspondence
re section 8(a)
Used automobiles, establishment of maximum credit
values for 1942 models, letter re sent
to FRBanks
Effect of Maximum Price Regulation 540
issued by OPA, letter to FRBanks
Violations:
Consumers Home Equipment Co., consent closing
agreements, acknowledgment of copies
received from FRBank of Chicago
Statement prepared by FEBank for surrender
of license, copy sent to FRBanks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/25 1285
2/17
264
5/13
751
8/31
1306
11/24 1743
12/ 7 1820
3/18
436
3/17
430
4/23
676
11/27
1750
5/ 3
701
7/ 7 1376
/31
1307
5/ 9
735
3/15
419
6/24 1018
1/13
81
9/28
1500
233
Pages
4e _ •
ellictions, Board of Governors: (Continued)
Consumer Credit: (Continued)
.E1.A study program, explanatory statements furnished
to, copies sent to FitBanks
Regu
lations:
Budrri
get-Treasury Regulation No. 4, quarterly reports re
cash transactions abroad, letter in
reply to request for sent to FEA
Civil bervice Commission:
Veterans kreference Act of 1944, Mr. Leonard
designated to r,2present Board in
drafting of
Veterans Preference Act of 1944, no action by
Board pending issuance of
Office of Contract Settlement:
General aegulation No. 1 re termination loans,
copy of letter and enclosures sent to FRBanks
Form of T-loan Guarantee Agreement, compliance
Aith term "unconditiona", advice of
Lomptroller of the Currency requested
lice of Price Administration:
540, effect on Regulation , especially as to used cars
Veterans Administration:
Loans for farms and farm e,uipment, copies to be
distributed by FftBanks, letter to Mr. Fry
Telegram to Mr. Peyton
Ve+
,erans' loans, information to FRBanks re issuance
of further
ins With dealers in securities:
'new, John, em,ployee of Eastman, Dillon and uo.,
service as director of Paterson National
Bank of Paterson, New Jersey, should be
discontinued
Order for hearing to determine removal from office
as director of Paterson National Bank,
Paterson, New Jersey
Issuance of order for hearing, letter to FRBank
of New York re service
itrrangements for stenographic transcript of hearing
Failure of Comptroller's Office to present
evidence for, Mr. Dreibelbis to confer
gain with Mr. Upham re
Arrangement with Mr. Upham approved, iir. Dreibelbis
to attend, case to be expedited
Almstedt, Arthur H., services as member of Almstedt
Brothers and as director of Citizens
Fidelity Bank & Trust Company, Louisville,
in violation of section 32 of Banking Jct
of 1933
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/18 1595
12/30 1965
7/15 1106
8/18 1260
8/25 1285
8/29 1293
6/24 1018
12/29
12/29
1962
1963
11/22
1731
5/ 9
730
7/29
1169
8/ 9 1220
9/16
1388
11/14
1683
11/17
1706
1:7/23 1936
234
Pages
Rejati
Aith dealers in securities: (Continued)
Clark, Harry E., services in violation of section 32,
to be considered in connection lith
admission to membership of Brattleboro
Trust Company, Brattleboro, Vermont
-r astman, Dillon & Co., Messrs. Agne and Fayerweather,
employees, not to continue as directors
of National Bank of Paterson, New Jersey,
question of certifying facts to Board
Fayerweather, F. O., employee of Eastman, Dillon and Co.,
service as director of Paterson National
Bank of Paterson, New Jersey, should be
discontinued
Order for hearing to determine removal from
office as director of Paterson National
Bank, Paterson, New Jersey
Issuance of order for hearing, letter to FRBank
of New York re service
arrangements for stenographic transcript of hearing
Failure of Comptroller's Office to present
evidence for, Mr. Dreibelbis to
confer again dth Mr. Upham re
Arrangement with Mr. Upham approved, Lir. Dreibelbis
to attend, case to be expedited
Fidelity and Columbia Trust Company, Louisville,
Kentucky, director as partner in firm
of security dealers, applicability of
section 32 of Banking Act of 1933
,Y J. Harold, services in violation of section 32,
to be considered in connection with
admission to membership of Brattleboro
Trust Company, iirattleboro, Vermont
Th°rp, H.
I., director of Peoples Bank and Trust Company
of estfield, New Jersey, and partner in
Laurence M. Marks & Co., Nea York City)
application of section 32 of Banking Act
of 1933, Board to discuss matter ,,ith
:4r. Rost
413°rt:
B°ardof Governors, annual, to be clearea with Office
of ar Information, printed form not
required by law
(see
also Annual reports)
C L.
ali
s; transactions abroad, quarterly reports, letter in
connection with request for sent to FEA
-rnings and dividends:
U. b. savings bonds, reimbursements for services
in paying, to be reported on FR 107,
instructions sent to FaBanks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/ 8
930
5/ 9
730
5/ 9
730
7/29 1169
8/ 9
9/16
1220
1388
11/14
1683
11/17
1706
8/16
1248
6/ 8
930
11/30
1760
8/18
1258
12/30
1965
9/30
1506
235
Pages
Ports: (Continued)
Earnings and expenses of FRBanks, revised Manual of Instructions and forms, supply sent to FRBanks
r111Ploye,
s of FRBanks, number and salaries, monthly
reports requested by Bureau of Labor
Statistics, instructions to FRBanks
Statement showing number and salaries sent to
Bureau of Labor Statistics
FaB3nk reports of member bank deposits, reserves and
borrowings on forms 422 and 413,
schedule for sending
Functional Expense Report (Form E) and Manual of Instructions Governing its preparation, copies of
revised form and instructions to be sent
to FRBanks
egi-o employment, report sent to President's Committee
on Fair Employment Practice of the
Office for Emergency Management
Regulation V loans, monthly reports on Form FR 581,
subsidiary reports for V and VT loans
to be omitted
Re
gulation W, enforcement activities, suggestions on
quarterly reports requested from FRBanks
a Condensation of Item 7 in quarterly reports
uasian trade, report to be prepared by Mr. Gerschenkron
for Office of Strategic Services
6alary data, FRBanks, annual report re number and
salaries of officers and employees
for
1944 requested
ePO
On bills:
1818, re costs of Federal examinations of insured
banks, favorable report to be prepared
by Mr. Vest
That costs of one examination of national banks by
Comptroller of the Currency be borne by
FDIC, request for consideration by
Presidents, at meeting with Board
Draft of report re costs of Federal examinations
of insured banks, to be revised and
resubmitted to Board
H. R. 2985,
garnishment of wages and L):laries of
Federal employees, no report to be made on
11* 61- 3513, to amend section 1313 of law code for
District of Columbia, discussion of,
draft of favorable r3port to be prepared by Legal Division
Enactment favored by Board, letter to Mr. Bailey re
h.
• a. 3956, absorption of exchange charges, draft
approved informally, report to be
delivered to Chairmen of Banking and
Currency committees
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/ 9 1835
10/25
1623
12/ 8 1829
6/23 1013
2/28
315
4/ 3
523
12/27 1950
1/11
61
2/21
75
6/29
1043
1129
P)61
2/11
200
2/29
330
3/ 9
387
4/14
576
2/22
3/ 3
283
361
236
Pages
a
eIXTts on bills:
(Continued)
H. R.3956:
(Continued)
Report sent to Chairmen of Senate and House Banking
and Currency Committees, copies sent to
FRBanks, FAC, and National Association
of Supervisors of State Banks
Eeported favorably by House Banking and Currency
Committee
Majority and minority reports of House Banking
and Currency committee on, copies and
covering letter from Board sent to FRBanks
'
8 R. 4384, to provide credit service to farmers,
report of Department of Agriculture re,
no objection to submission of
R. 4801, re small business and Smaller War Plants
Corporation, views of Board expressed
in letter to Bureau of the Budget
R. 4804 to amend section 13b of FRAct, letter to
Congressman Spence reporting on
FL R. 5258, to amend section 5155 of Revised Statutes,
re establishment of branches by national
banking associations, favorable report
sent to Mr. Spence
ttec
omaenciattons for proposed legislation, circular
from Bureau of the Budget requesting
submission of
S. 47,
to provide for long-term forestry credits,
revised draft of reply to Budget Bureau re
Lend-term forestry credits, revised letter re
sent to Bureau of the Budget
• 756, to amend Federal Home Loan Bank Act and Home
0,Anerss Loan Act of 1933, report in
opposition to, sent to Senator v,agner
• 7)7, to amend Federal Home Loan Bank Act and Home
Omers' Loan Let of 1933, report in
opnosition to, sent to Senator Wagner
'
S 1034, to reduce assessments due by insured members
to Federal Savings and Loan Insurance
Corporation, report in opposition to,
sent to Senator agner
• 1642, absorption of exchange charges, draft of report
approved informally, report to be delivered
to Chairmen of Banking and Currency Committees
Report sent to Chairmen of Senate and House Banking
and Currency Committees, copies sent to
FRBanks, FAC, and National Association
of Supervisors of State Banks
Advice to FRBanks concerning replies to letters
from member banks re Board's report on
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/24
119
2/11
210
2/18
266
5/20
802
8/ 3 1195
5/23
816
9/27
1497
ffr
8/18 1258
2/11
198
2/11
207
5/24
819
5/24
819
5/24
819
1/19
101.
1/24
119
2/11
210
237
Pages
aePorts on
bills: (Continued)
6. 1688, to authorize Farm Credit Administration and
Secretary of Agriculture to adjust or
cancel indebtedness, etc., no objection
to proposed report of Department of
Agriculture
k-• 1777 to establish small business finance insurance
administration in Department of Commerce
and to aid in financing small business
enterprises, report not to be submitted
at present
Views of Board expressed in letter to Bureau
of the Budget
1892, to require U. S. obligations owned by banks,
etc., to have par value, report requested
by Senate Banking and Currency Committee
not to be made at present, advice to Treasury
'
8 1918, to amend section 13b of FRAct, report in favor
of sent to Messrs. Wagner and Spence
Report of .e.r Department re, Board in favor of,
letter to Bureau of the Budget
Views of Board expressed in letter to Bureau
RePorts
of the Budget
to Congress:
,l e,Discontinuance of, legislation re, Board not in favor of
'fsch activities, FRSystem:
4cIv1sory Committee, report of Committee on Research and
Statistics re approved by Presidents'
Conference and presented to Board, matter
to be referred to Mr. Villiams to work
out with Dr. Goldenweiser
e
onomic research and statistical work of Board, letter
to Representative Robert F. Jones re
nank of Atlanta, proposed contribution to Southern
Research Institute, matter presented
to Board
Participation by FRBank of Atlanta in financing,
not approved by Board
-ank of Boston:
fiage rates of Boston longshoremen, no objection
to research project re
In Qlviduals' holdings of liquid funds, exploratory
surveys re, payment authorized for,
under certain conditions
jeb classification in -Research Depertments, simplification
of procedurO and adoption of title "Research
Department" approved in recommendation of
Presidents' Conference Committee, discussion
at meeting of Presidents with Board
5/5
710
14.
6/23 1010
8/ 3 1196
7/29
1157
5/23
816
7/ 5
1069
8/ 3 1196
5/8
729
2/29
328
E
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/ 2 1189
7/17 1109
10/17 1578
12/18
1902
3/21
449
12/11
1241.,
238
Pages
fte,„r
ch activities, FaLystem: (Continued)
Policies and programs, procedure re, Board authority
to be final
Publications, etc., of research personnel, policy re,
recommendation approved, subject to
arrangement with Presidents re research
activities
Recommendation re, advice of action of Presidents
to be received at Presidents' Conference
Procedure in recommendation to apply to all officers
and employees of FRBanks, letter advising
Presidents to be drafted and submitted to
Board by Mr. Morrill
Reearch
policy and program, discussion of procedure,
Presidents' aesearch Comatittee to confer
with Board representatives re
6tudieb
at FRBanks, question of payment for work, to be
;laced on agenda for Presidents' Conference
'
11Perviscn of, committees to be created for, problem to
be discussed at President& Conference
Committee for, Board's conclusions re to be stated
by Chairman Eccles at next meeting of
Presidents' Conference
,
To be discussed at Presidents' Conference
oYstem Advisory Research Committee, new committee and
order of rotation of membership, approved
Plan of rotation of membership, procedure re
publications, etc., advice to FRBanks
personnel:
rRBank of Boston, employment of Mr. B;ssell as Vice
I-rusLdent, discussion of, more information to be obtained before action on
FfiFiczik
•
of ulevel,thd, elaplor.ent of -r. Dona3d S. Thompson
of FDIC, discussion of
l e Board Club:
'ibrarian, authorization for payment for service:. of,
cancelled during period of 1.4.3. L-41's
service
i3alarices of member banks, Saturday close-of-busin2ss
balances to be repeated for Lunday, ratheLthan Monday close-of-business balances,
letter re continuance of procedure
pltal City State Bank, Des Moines, Iowa, permissi,_4,
granted to maintain same reserves as banks
outside central reserve and reserve cities
Chrisney State Bank, Chrisney, Indiana, penalty for
deficiencies waived
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1118
1901
2/11
201
2/26
307
3/ 9
385
9/22
1444
2/11
212
2/11
203
2/22
2/26
284
306
3/ 9
384
3/21
460
10/ 5
1516
13/ 5
1521
V 1
692
6/a
1003
6/ 6
)17
9/ 4
1320
239
Pages
171eSe•
eves: (Continued)
Coulputation of:
Income taxes, New York State, withheld under section 366
of New York State law and taxes withheld under
sections 143 and 144 of Internal Revenue Code,
not classed as deposits, to be shown in condition reports as "Other Liabilities", in connection with Irving Trust Company inquiry
ember banks in New Jersey, recognition of Saturday
holidays between June 15 and September 15,
inquiry of First National Bank of Collingswood, best Collingswood, New Jersey
Contingencies, amount to be transferred from surplus
FRBanks:
Registered mail losses, to be set up in accordance
with procedure indicated in revised
earnings and expenses manual
First National Bank of Collingsuood, ;est Collingswood,
New Jersey, penalty for deficiencies waived
First national Bank of Kalispell, Montana, penalty for
deficiency waived
First Lational Bank, New Castle, Indiana, penalties for
deficiencies waived
G01d, reduction of requirements, legislation re,
discussion at meeting of FAG with Board
Ilome Savings Bank, Milwaukee, vdsconsin, permission
granted to maintain same reserves as
banks located outside of central reserve
and reserve cities
In dustrial State Bank of Houston, Texas, permission
granted to maintain same reserves as
banks not in reserve or central reserve
cities
Liberty State Bank, St. Paul, Linnesota, permission
granted to maintain same reserves as
required by banks not in reserve or
central reserve cities
Lincoln
curity National Bank, Chicago, Illinois,
granted permission to maintain s;L-e
reserves as reserve city banks
i ational banks in Alaska and U. S. insular possessions,
proposed amendment to law to maintain
part of required reserves with members
of FRSystem, suggestion noted, letter
to Mr. Clerk
Re4u1r ents for country member banks, reduction in,
letter to Lir. AcCravey in opposition
to suggestion re
4equireme1fts, matter not to be discussed with FAC,
statement of Chairman Eccles at meeting
of FAO with Board
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/15
968
7/27 1149
12/22 1927
12/22 1927
8/12 1234
11/15
1701
2/10
121
IL/ 4 1727
4/12
!)6',,
:/24
:;?3
2/ 4
163
9/14 1371
2/25
303
6/9
939
9/18 1408
240
Pages
s• (Continued)
ve.
--serve rattos of Faanks, no further discussion at
meeting of Presidents with Board
6oath ;lain State Bank, Houston, Texas, permission granted
to maintain same reserves as banks outside
central reserve and reserve cities
fi
Ltde Bank & Trust Company, Chicago, Illinois,
penalties for deficiencies, no objection
to refunding
estport Bank, Kansas City, Iiiissouril penalties for
deficiencies waived
qthheld Income Taxes as Deposits, statement re to be
published in July issue of FftBulletin
Res
ignEvtdons:
Arthur, , illiam C., Director at Pittsburgh, tendered,
to be regarded as statement of unavailability for reappointment
45rs. Jane W., clerk in Division of fZesearch
and Statistics, accepted
helper, accepted
Annie,
cafeteria
bates
Bates:
Thoms J., cafeteria helper, accepted
Ileach Mrs. Ida, charwoman, accepted
Becke, Herbert E., guard, accepted, deduction to be
made to cover unearned sick leave
eer6 Mrs. Anna G., clerk-stenographer in Division
of Research and Statistics, accepted
Be
rnstein, Doris B., research assistant, accepted
'itntson, Paul H., clerk in becretary's Office, accepted
ck, Mrs. Irene, cafeteria hclper, accepted, deduction
to be made for unearned annual leave
*blYtn, Mary Deanne, clerk in Division of Research and
Statistics, accepted, deduction to be
made for unearned annual leave
Mrs. Ruth I., page, accepted, deduction to be
made to cover unearned leave
hrs. Elizabeth Faulkner, clerk in Division of
Research and Statistics, accepted
t15 C00,
Dolph, Class C Director at FRBank of Dallas,
accepted
Br
Drs. Irene, charwoman, accepted
e,
Mrs. Caroline Hamill, economist, accepted,
arrangement for part-time position
to be considered later
alptilan, Eileen, cafeteria helper, accepted
c1Pman, Geraldine, cafeteria helper, accepted
l'c'ff:aan, Alice, clerk in Division of Research and
Statistics, accepted
Helen, stenographer, accepted
Mm. Florence R., clerk-typist in Division of
Research and Statistics, accepted cLnd
to be made for overdrawn sick leave
deduction
RP
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/22 1452
3/ 8
377
8/12 1235
1/28
143
6/23 1015
12/12 1859
3/28
492
2/10
187
4/29
682
12/27 1945
7/21
1130
8/1(, 1224
9/25 1484
8/26 1287
5/31
:262
7/31
1161
5/19
796
8/16
1245
L'/ 9 1834
10/27 1632
8/ 8 1214
9/ 1 1310
9/ 1 1310
9/ 6 1326
11/20 1720
9/30 1505
241
Pages
Ppa.
,,,
Q1Erlatlons:
(Continued)
Craig, Mrs. Chloral cafeteria helper, accepted
craig, Lays H., cafeteria helper, accepted
Cral,:ford, Gweneth, telephone operator, accepted
Dwight L., FRExaminer, accepted
uurrie, Lauchlin, termination of status as employee of
Board, letter of appreciation of services
D'Aiutolo, August, cafeteria helper, separated from service
p"benfeld, Mrs. Margaret P., clerk-stenographer in Division of Research and Statistics, accepted
Davis, Mrs. Alice L., clerk-stenographer in Division of
Research and Statistics, accepted
peskin, Mrs. Attie L., charwoman, accepted
Emmett, guard, accepted
)ixon, Peggy Irene, as elevator operator
Fred A., Assistant FRExaminer, accepted
t)spve, Lxs. Grace it., special supervisor in Files
Section, accepted
Driver,
Mrs. Sue, clerk in Division of Research and
Statistics, reimbursement to be obtained
for unearned sick and annual leave
,in
Charles, Assistant FRExaminer, accepted
4iohe1berger, tars. Agnes S., file clerk, accepted and
reimbursement for overdran sick leave
waived
Erna
-e, George H., FRExaminer, accepted, no deduction to
be made for unaccrued annual leave taken
bp
Joseph J., cafeteria helper, accepted
'
lergusoL, Phillip C., Director at Oklahoma City branch,
resignation accepted, and letter of
appreciation
for services sent to
rY, Phrs.
Gertrude 1-0., Alternate Assistant FRAgent
at FRBank of Cleveland
uqua, 'ildred, file clerk, accepted, deduction to
be made for unearned sick leave
Gi
bson, Terrice e., Alternate Assistant FRAgent at
FRBank of Richmond, approved
(10p4,
R —el, Mrs. Vivienne 0., stenographer, accepted
Katheryn E., clerk in Division of Research
StatistLcs, accepted
, Le, Mrs.
A rs. Annie, chamoman, accepted
nEtil
-L, Catherine A., esearch Assistant in Division
of Security Loans, accepted
l!ardesty, Mm. Edna B., substitute nurse, accepted
'
t;leclon, Ers. Margaret Lee, clerk-stenographer, accepted
rlden, Meunice, file clerk, accepted
7
1 ell, Mrs. Ruby, cafeteria helper, accepted
"Qrrigah, John F., guard, accepted, deduction to be
made for unearned sick leave
r
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/ 2
2/ 2
3/27
5/ 6
157
157
Cl
721
2/25
5/26
298
833
4/29
682
3/27
481
9/ 7 1337
312
2/28
6/15
967
11/16 1703
10/16 1574
8/ 3 1194
11/21 1727
4/28
672
10/24 1614
7/ 7 1075
6/19
T_J9.
7/12 1085
8/19 1268
6/26 1024
12/19 1908
9/ 6 1326
1/29
14P
10/21
10/ 9
8/ 5
9/ 1
9/16
1607
1545
1204
1309
1383
5/1;
745
242
Pages
Res.
Igrlations: (Continued)
Hough, Margaret, clerk-stenographer in Division of
Research and Statistics, accepted
Imhoff, Mrs. Anna, cook, accepted, deduction to be
made for overdra:m annual leave
J ohnsoL, Elizabeth, junior file clerk, accepted
J. V., FRExaminer at FRBank of Dallas, advice of
Mrs. Cora, charwoman, accepted
J. Burke, economist, accepted
auf, Fred, guard, accepted
°enig, eirs. Adele, stenographer in Division of
Examinations, accepted
lcoc%
Anna, charwoman, resignation accepted
'rug, Harold T., Assistant FRExaminer, resignation
accepted to enter U. S. Army
Law
son, Mrs. Laura, cafeteria helper, accepted
'yds, Herbert L., assistant examiner at FRBank of
Richmond, resignation noted
Lillard, E. t.allace, guard, accepted
Lillard, Mrs. Nannie V., page, accepted, deduction to
be made for overdram annual leave
,L°17e, Lois A
cafeteria helper, accepted
Ernest, messenger in Division of Research
and Statistics, accepted
!4,ather,v, Rodman C., Jr., Assistant FRExaminer, accepted
,,atLre, Giovanna
stenographer in Division of
Lxaminations, accepted
Mrs. Geraldine, charwoman, accepted
:4clienry, Mrs. Dorothy, cafeteria helper, accepted
-eLaughlin, Leila, clerk-typist in Division of Research
and Statistics, accepted, reimbursement
to be obtained for unearned annual leave
,Acu ders lausen, Horst, Division of Research and Statistics,
accepted
Lie+cal
,f, Margaret G., draftsman in Division of Research
ana :Dtatistics, accepted
tchell, Mrs. Dolores, stenographer, accepted
'
c rgcn, Ross V, Assistant Ffillixaminer, accepted
PnY, Mrs. Charlotte A., cafeteria helper,
separated from service
cafeteria helper, accepted
r,?rdick, Ann, cafeteria helper, resignation accepted
. i Rare, Mrs. Florence C., secretary to Mr. Parry, accepted
raddock,ibilliam
President of FRBank of Boston,
accepted, retirement approved and
special contribution authorized
Pan. .
Virginia (Mrs. Virginia M. Johnson), leave
clerk, accepted
Pa 1,
Ferne M., stenographer in Office of
Mr. Szyuczak, accepted
r
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/25
661
11/15 1700
1/26
138
2/25
298
7/13 1091
9/ 4 1319
1/11
57
1/7
4/1
44
513
1/4
5/31
7
',6)2
9/16 134
10/ 6 1534
10/ 9 1544
07 1251
6/12
7/20
953
1128
8/31
1306
492
8
1/4
3/28
06 1245
4/5
534
6/28 1036
8/29 1291
10/19 1598
11/28 1753
3/30
506
6/26 1024
8/ 5 1:04
2/14
241
5/2
695
6'24 1016
243
Pages
Reel
gnations: (Continued)
!arquette, Fred, guard, accepted
Pauszek, Mr,. Margret, stenographer in Mr. Draper's
office, accepted, deduction to be made
for unearned leave taken
-Tile) lam. Della, charwoman, accepted, deduction to
be made for overdrawn sick leave
Petrovich,
Mrs. Vera, cafeteria helper, accepted
I
:iton,
Phillip P., Assistant FRExaminer, accepted
fPorter, Joseph H., FRExaminer, resignation accepted
Mrs. Martha, cafeteria helper, accepted
aackstraw, Elsie, Librarian in Division of Research
and Statistics, accepted
Racz,iJi. Winofred, clerk in Division of Research
and Statistics, accepted
Mrs. Dorothy, charwoman, accepted
,uilcr, Mrs. Marguerite, clerk-stenographer in Division
of Research and Statistics, accepted
'ders,
Mrs.
Dorothy,
charwoman, accepted
Q,
Mrs. Carrie L., telephone operator, accepted,
reimbursement to be made for unearned
sick leave
1,rs. Virginia P., clerk in Division of
Research and Statistics, accepted
scudder, Dilver, Supervisor of Reserve Bank Section
of Division of Bank Operations, accepted,
accrued and accumulated annual leave to
be transferred to new employer
lgman, Harold L., economist, accepted
'haffer, Marian, clerk-stenographer in Division of
Research and Statistics, accepted
h0 L
ru, R. T., examiner at FRBank of Richmond, noted
'
c-L!rader, Mary Belva, stenographer, accepted
''-urdac), Mary Margaret, clerk-stenographer, accepted,
advanced sick leave to be charged to
annual leave
flc.Lear,
Clair, Robert, chauffeur, accepted
s
sdners, Ruth, clerk in cafeteria, accepted
Mrs. Edith, baker, accepted
'''rcud, E. B., First Vice President at FRBank of Dallas,
discussion of proposed changes in official
in connection with
staff
%1,•
fl.lni, Mrs. Frances, charwoman, accepted
'
11rner, Lars. Stella R., cafeteria helper, accepted,
deduction to be made for unearned
annual leave
'.allace, Mrs. Elise J., clerk-stenographer in Division
of Research and Statistics, accepted,
deduction to be made for unearned
annual leave
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/21
1607
5/16
779
1/25 134
3
1/3
11/20 1720
1/2
48
3/10
')0()
6/ 9
935
1/2
4.2
12/ 7 1820
4/12
1/29
56,3
148
9/20 1424
3/16
43
i/i
1
V30
1295
3/11
9/16
11/25
403
1384
1746
1/18
95
6/15 967
6/22 1005
5/29
544
9/12
10/31
1359
1641
6/13
147
6/14
964
244
Fages
RN.
Jiations: (Continued)
!,alz, Hazel, library assistant, accepted
nauchope, Mrs. Elizabeth B., stenographer in Division
of Examinations, accepted
i etssberg, Belle, clerk in Division of Research and
Statistics, accepted
"etnight, Mrs. Roseulary, cafeteria helper, accepted
i'lburri, Adolphus J., Assistant FaLaarainer, accepted,
refund to be made for unearned sic! leave
Illiams, Mrs. Elizabeth, charwoman, accepted
John T., guard, accepted
41-1.1ir,rason, Mrs. Bishop, clerk-stenographer in Division
of Research and Statistics, accepted
inc, e11,
clerk in Division of Research and
Statistics, accepted, deduction to be
made for overdrawn annual leave
Aubrey C., stenographer in Division of
Examinations, accepted
Julia,,economist, accepted
ght, Liar _on E., Assistant FRExaminer, accepted
ution8:
Ab
sorption of exchange charges, resolution adopted by FAC,
revision approved, to be released to press
A
ssessment on FRBanks for expenses of Board:
For last six months of 1944
,
For first six months of 1945
rRBank of Boston, loss-sharing agreement, letter re
proposed resolution approving
FRBank of Chicago, indemnification of officers, directors,
and employees against personal liability
in connection with loss-sharing agreement
of FRBanks, no objection to
P-13ank of Minneapolis, proposed resolution accepting plan
of Insurance Committee for insuring registered mail, no objection to
li(tional City Bank of New York, New York, authorized to
establish branch at Porto Alegre, Brazil
Political affiliations of directors, discussion of,
no action taken to change
Racp_
_Lc lanufacturers Association, resolution to be transmitted to Mr. Baruch, suggestion of Board
[Illode Island Bankers Association, resolution adopted in
opposition to Brom and haybank bills,
confusing reference to Regulation ce,
letters to FRBanks of St. Louis and Boston re
Crr.dit Association of Des Moines, Inc., letter to
r. Bush on credit sales as charge or
instalment sales
letter re
Credit Institute of America, Legulation
ritn
connectim
in
forces,
armed
return of
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/ 9 1545
6/15
966
7/31
12/ 5
1181
1805
963
6/14
11/17 1711
11/is 1700
V10
1;.24
10/ 9 1545
7/31 1181
7/25 1141
2/10
187
2/14
226
6/24
12/26
1019
1940
4/ 5
543
3/18
438
1/17
92
2/17
262
11/24
1740
1/2't;
144
4/24
652
7/13 1u92
3/ 3
16/,
245
Pages
il Credit institute of America: (Continued)
Request re exemptions for discharged service men,
discussion of, no further action taken
Exemptions for discharged service men z-ild women,
letter to Mr. Sachs re
-:‘,34,9=y for 1944, continuation approved
RetiraZd
j'daras, Mrs. Elizabeth D., elevator operator, appointment
on temporary basis and salary approved, to
remain member of Civil Service retirement
system
l'gne, A. C., counsel at FaBank of San Francisco,
benefits covering prior service app roved,
not to be considered precedent for future
cases
Benefits for members involuntarily separated after age
55, proposal for special
Bc/ard of Governors Plan:
Adjustments of accounts, procedure re,
letter in reply to Mr. Rounds
Death benefits, procedure re collection of employees'
contributions for, especially employees on
nonpay status
acfunds under, question of income taxes on,
Graves re
letter to
°c'Td of trustees, annual meeting to be held in
Chicago on May 2
ehanges in rules and regulations, procedure re
presentation to Board
Cr0/veil,
'Jars. Teresa, charwoman, not to become member,
as member of Civil Service retirement
system
Death benefits, under Board of Governors Plan, procedure
re collection of employees' contributions
for, especially employees on nonpay status
44ecutive committee of board of trustees, report by
Mr. Szymczak of matters considered at
meeting of
Zxtensions of service:
DeLaMater, John, time extended for six: months
On month to month basis and retirement allov,ance
suspended until employment is terminated
as messenger for not over one year
Seaton,
Dyson,
Dr., FRBank of Chicago, benefits for
prior service, case mentioned
Voluntary termination of services of members at FRBanks,
supplemental payments authorized for
Johnson, Mrs. Frances Leone, clerk—typist, appointment on
temporary basis and salary approved, to be
member of Civil service retirement system
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/22
281
3/29
498
12/23 1937
10/20 1604
7/29
1163
2/29
321
2/12
223
1/;24
129
/11
216
3/1
347
2/29
322
10/13 1563
1/24
129
2/26
306
5/16
778
11/27 1748
1:/ 6 1809
7/29
1164
3/17
433
10/18
1594
246
Pages
aetir
ement system: (Continued)
aximum amount of compensation available for computation,
letter to Mr. Sproul on
11cLarin,
W. S., Jr., FRBank of Atlanta, creditable service,
record to be corrected to give full amount of
Modification in benefits
to improve personnel at FRBanks,
recommendations of Retirement Committee,
presented at meeting of Presidents with
Board
Recommendations of Mr. Szymczak re, letters to
Presidents to be revised and resubmitted
to Board
Recommendations of Presidents' Conference,
Board's letter to Mr. Sproul re
era employed late in life, larger allowance for,
suggested by Presidents' Conference
Letter to Mr. Sproul
ayments:
Ayers, J. Herbert, former employee of FRBank of
Atlanta, special payment approved,
resignation because of illness shortly
before establishment of retirement system
letantions in service:
DeLaliater, John, time extended for six months
Retirements:
Baldwin, William N., senior clerk in Division of
Bank Operations, retirement upon application
Blattner, George W., Special Assistant in Division
of Security Loans, possible retirement
Contribution for April to be paid by Board,
retirement effective May 1, 1944
Carrick, Krick:el K., FRBank of Boston, salary approved
until date of
Supplemental payment, not approved for
Supplemental payment not approved after revier.
of matter, advice to Mr. Creighton
Carter, E. A., Assistant Vice President at FRBank
of Cleveland, supplemental payment to be
considered favorably by Board
Granted leave of absence with pay because of
illness until retirement and supplemental
payment approved
Fleming, M. J., President at FRBank of Cleveland,
supplemental payment because of continued
service, matter to be discussed with Mr.
Rounds
aeiros, Mrs. Lulu C., clerk-stenographer In
Division of Examinations, effective
September 1
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/17
432
1/4
9
2/29
321
3/1:3
396
3/17
432
2/29
3/17
321
432
10/18 1594
5/16
778
2/7
174
3/11
403
3/22
465
5/12
745
7/15 1102
7/29
1160
9/ 4 1319
9/14
1367
9/15
1380
8/29 1290
247
Pages
Retir
ement system: (Continued)
iietireacnts:
(Continued)
Paidock,
President of FRBank of Boston,
retirement approved and special contribution
to retirement system and cash contribution
to Mr. Paddock authorized
Paration allowance, no objection to payment by FRBank
of Dallas, but method of charging payment
to be decided later
8uPplenental contributions for employees separated from
service, authorization of S-714 not modified
by 8-741, advice to FaBanks
Ueland,
:3ijurd, Vice President and Counsel, FRBank of
Minneapolis, benefits for prior service,
aev•
case mentioned
leed Statutes:
Section 5155 on establishment of branches by national
banks, report on H. R. 5258 to amend
Section 5219, proposed revision re taxation of national
banks, Mr. Wyatt to advise ABA that Board
has no objection to
Revision relating to State taxation of national
banks, letters to Banking and Currency
Co.:•dLittees of House and Senate
Virginian Corporation Collateral Trust Notes, eligibility
for purchase by member banks under section
5136, ruling requested from Comptroller of
Rhode
the Currency
lend Bankers Association:
"esolution adopted in opposition to Brom and Maybank bills
confusing reference to Regulation Q1 letters
re sent to FRBanks of St. Louis and Boston
E'C'bbins,
to come to Washington to discuss application
flarrY
C.
of Regulation T to certain activities of
F. S. Moseley & Company of Boston, Massachusetts
t'''ert
ttssociates, study of financial needs of industry,
discussion of cooperative arrangement with,
at meeting of Presidents with Board
Ro4thl
't't-ongernent with approved
'Edward C., reply to letter on absorption of exchange
charges
'Mr. Ira Y, approval sales of high-priced musical
instruments, applicability of Regulation
to, letter re
An
r4)1.
4.1cability of section 4(e) of Regulation . to sale of
musical instruments, investigation to be
made by several FRBanks, letter advising of
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/14
;741
6/16
973
4/U
627
7/29 1164
9/27 1497
5/5
736
9/ 2 1315
5/30
850
4/24
654
9/12 1361
3/ 9
331
387
4/ 5
541
3/ 1
7/13 1393
3/23 1213.0
248
Pages
alaings of Board:
Cezzodity
Credit Corporation notes, eligible as collateral
for borro;yings under section 13 of FRAct
and entitled to discount rate
Conference of international monetary stabilization to
be held without representat:on by
Trde problems with other countries, report re to be
prepared by Mr. Gerschenkron for
Office of Strategic Services
11/24 1744
4/21
636
6/29 1048
11511
keeping of War Savings Bonds:
FRank of San Francisco, letter re redemption of bonds
held by, in connection with request made
by Mr. W. R. Power
E41Ploy ees of banks, use of earnings to increase,
suggested by Mr. Eccles
FIB6nks:
Annual report re number and salaries of officers
and employees for 1944 requested
FRBank of Atlanta:
Employees, noted without objection
Officers, approved
FRBank of Boston:
Employees, noted without object:on, but particular
attention to be given to s-lary policies of
Officers, approved
FRBank of Chicago:
Employees, noted without objection
Officers) approved for 194),
FRBank of Cleveland=
Employees, noted without objection
Officers, annual consideration deferred
and extension of previous approval
Officers approved
Fe.Bank of Dallas:
Employees, noted without objection
Officers approved
FRBank of Kansas City:
Employees, noted without objection, subject
to Board's approval of establishment of
position of General Clerk in Fiscal
Agency Department at Oklahoma City Branch
Officers) approved
FRBank of Minneapolis:
Employees, noted without objection
Officers, approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/26
139
12/ 4 1797
12/29 1961
2/28
5/26
313
834
3/2
5/12
745
2/28
3/21
314
444
4/15
591
4/3
6/20
523
996
4/25
6/2
663
875
4/5
6/ 1
538
861',
3/ 2
4/21
638
354
354
249
Pages
'alaries: (Continued)
FRBanks: (Continued)
FRBank of New York:
Employees, noted without objection
Officers, approved
Overtime payments, change in basis for, plan
based on fixed work week, no objection to
FRBank of Philadelphia:
Employees, noted without objection
Officers, approved
PRBank of Richmond:
ployees, noted without objection
Officers, approved
FRBank of St. Louis:
Employees, noted without objection
Officers, approved
FRBank of San Francisco:
Employees, approved
Officers, approved
Presidents and First Vice Presidents, maximum,
increase in, requested by FRBanks of
Richmond, Atlanta, Kansas City, and
Dallas, letter re to be prepared for
Chairmen of four Banks involved
Increase requested by FRBanks of Richmond,
Atlanta, Kansas City, and Dallas, not
favored at present, letter re sent to
Chairmen
Increase favored by FRBank of Richmond,
letter to Board noted
F
RBranch banks:
Buffalo, employees, noted without objection
Detroit, employees, noted without objection
°fricers and employees of United States, no report to
be made on H. R. 2985 for garnishment of
and loan associations, discrimination of tax laws in
favor of, letter to Senator Wagner on
proposed bills
-ar Povers Act:
-tthcrization to FRBanks to buy Government obligations
directly from Treasury, letter recommend—
ing extension of, approved by Board
tteconunendation re extension of, letter stating
Board's approval of
Ltatus of, Chairman Eccles to talk with Under
Secretary of the Treasury re
Discussion by Chairman Eccles with LI.. Bell re
of State:
Chase National Bank, relations with Central Bnk of Turkey,
letter sent in connection with suit gainst
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/28
4/5
313
534
2/7
175
3/23
4/29
462
683
3/7
5/23
374
814
V 7
6/1
'371_
864
4/a
64
640
6/20
()93
6/29 1044
7/29
1162
2/28
2/28
313
3,14
4/14
576
5/24
819
4/21
645
5/17
736
11/21
11 1
1723
1765
2/15
249
250
Pages
tary of State: (Continued)
N ational City Bank of New York, branches in Dhahran and
Ras Tanura, Kingdom of Saudi-Arabia,
application for establishment of, advice
re requested in letter to
Seere
t.ry of the Treasury:
Bank holding company legislation, Mr. Morgenthau to
discuss bill with the President
ProPosed Amendment No. 11 to Regulation W, copy of draft
sent to Mr. Morgenthau, comments and suggestions requested
'llort-term Government debt, statement in speech re,
mentioned at meeting of FAC with Board
4er (See also Treasury Department)
etaryv s
note:
Bank of America N. T. & S. A., ruled ineligible for
participation in election of Class B
director of FRBank of San Frzncisco,
letter to Mr. Wente
fiale, Vv. M., requested to participate in international
conference, but because of necessary work
at FRBank of San Francisco, Mr. Earhart
suggested as alternative for
Knap-y,
J. Burke, Mr. McKee not in favor of request for
deferment from military service
T 1°ans, schedule of fees and maximum interest rate,
letter to Mr. Hinckley approved by
Sec
Messrs. McKee and Evans
Purchase by member banks of "when issued", no objection
•e
to, letter to Mr. Hill
t es and Exchange Commission:
tate Corporation, Boston, Massachusetts, applicaticn
for voting permit as successor to Old
Colony Trust Associates, advice requested
from
‘_
'Lrgin requirements under Regulations T and U, increase
in, Mr. Draper to discuss matter with
14,
Increase in, views of SEC re, reply to .1r. Purcell
'
41--fmala loan values under Regulations T and U,
reduction in, no objection by
„les companies:
'Idclity Acceptance and Thrift Co., Berkeley, California,
question of affiliation with Bank of Berkeley,
California, in connection with proposed
membership in FRSystem
Ft
:les exchange administration:
8. Moseley & Co., Boston, Massachusetts, inquiry re
application of section 7(a) of Regulation T
to certain transactions, letter and draft
of rulinF: re
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/ 3 1062
1/13
65
2/15
251
12/ 4 1794
10/25
1613
6/10
946
3/ 4
365
8/31 1---;05
3/14
41';
9/22
1434
6/29 1041
341 1229
lu/ 5
1527
11/10 1674
7/14 1098
251
Pages
Seeti,•
1.es exchange administration: (Continued)
"S. Moseley & Co., Boston, Massachusetts: (Continued)
Application of Regulation T to activities re loans
on securities, letter to Mr. McRae
Mr. Harry C. Robbins to come to kashington to discuss
application of Regulation T to certain
activities of
Activities not in violation of section 7(a) of
Regulation T
•
1largin
requirements under Regulations T and U, increase
in, suggested press statement giving
reasons for, Mr. Draper to discuss
matter with Securities and Dcchange
Commission
Views of SEC re, letter to Mr. Purcell
Discussion of, no action on
14L41-1. win loan values uncter Regulations T ard Ii,
reduction in, memo of Mr. Parry re,
to be considered further at Board
meeting on June 23
Matter to be considered again, statement re to
be drawn up by Messrs. Draper and Parry
Suggested press statement giving reasons for,
Mr. Draper to discuss matter with SEC
"leCt
"-lre Service System:
as essential activity, request of Fi,C transmitted
6e
to Mr. Hershey
ibion
FREsunk of Dallas, for employees in Fiscal Agency
c
department, not considered as reimbursable
e
charges:
)(411.11 cluction by use of earnings suggested by Mr. Eccles
lcC of employees of Board, recognition for those with
25 years of service discussed
Y3 1LP. Clyde C., Le2ulation
loans for repair and
modernization of residentiEl property,
letter re applicability of
41101,
`tire) !Ir. J. K., advertising campaign re common trust
funds, Board not in favor of, letter advising
business:
A8Als Post—War Credit Commission for Small Business,
plan sponsored by, question of apthcability
of Clayton Act
Amendment to Regulation L re, no action on,
discussion at meeting of FAG Idth Board
R.
c4
• tu.
4801, views of Board expressed in letter to
Bureau of the Budget
Lo,
(1118, reconversion financing, reply to be drafted to
Senator Murray re problems of
Letter to Senator Aurray to be revised, matter
referred to Var Loans Committee
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/ 1 11?4
9/12 1361
12/ 8
1828
6/29
8/11
10/ 5
1041
1229
1527
6/20
996
6/23 101:
6 129
1041
4/24
656
7/12
1088
12/ 4
1797
3/21
448
1/25
135
3/10
401
7/29
1167
9/18
1390
.V :3
1195
11/24 1737
12/ 7 1815
252
Pages
Small b •
usinesc: (Continued)
aesearch organization as aid to, statement by Chairman Eccles
1777, to establish small business finance insurance
administration in Department of Commerce
and to aid in financing small business
enterprises, report re not to be submitted at present
Views of Board expressed in letter to Bureau of
the Budget
Sinai
-Ller ar Plants Corporation, bill to provide for
small business loans by, no action taken re
outhern aesearch Institute, proposed contribution by
FREank of Atlanta, presentation of
matter to Board
Participation by FRBank of Atlanta in financing,
kalle
not approved by Board
ljr.ar Plants Corporation:
'
1 1 to enlarge powers of, prepared by Senate Small
Business Committee
hill to expand authority of, statement by Chairman Eccles
re and discussion at meeting of FAC with Board
hillincreasing funds for loans, item in American Banker
re report before Banking and Currency Committee of House
Bill to provide for small business loans by,
no action taken re
p
4801, views of Board expreSsed in letter to
Bureau of the Budget
Lett-ers in
reply to statement of FAC re loans up to
$25,000, further action deferred till
itenext full meeting of Council
ferral service taken over from bank in Buffalo,
aid to s1,11 manufacturers
t--On 13b, modification, proposal by Mr. Silverm.m,
discussion at meeting of Presidents
Conference with Board
8.r\r,
'-`"J4, passage of, discussion of additional funds for,
at meeting of FAC with Board
4kith)
onorable Howard W., information re attorneys,
economists, and analysts employed by Board
qt4 America:
Gr°'re, David L., authorized to assist Mr. Triffin in i,ork
in Paraguay, Brazil, and Uruguay
TPiffin,
aobert, return to Paraguay for completion of work,
with stops at Colombia, Chile, and Brazil,
approved, second man to be appointed as
assistant, and per diem approved
„
aesearch Institute, aid to small business, proposed
contribution by FRBank of Atlanta, matter
presented to Board
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/17 1117
6/23 1010
8/ 3 1196
11/24 1738
7/17 1109
10/17 1573
4/29
685
9/18
1392
11/24 1738
11/24 1738
8/ 3 1195
1/5
22
13/17 1.82
9/22 1462
12/4 179
9/23 1482
7/ 4 ic66
3/7
373
7/17 11A,?
253
Pages
-enn Research Institute: (Continued)
Participation of FRBank of Atlanta in financing, matter
referred to System Research Advisory Committee
Not approved by Board
Letter to Mr. Hall advising of recommendation of
Speric_,
System Research Advisory Committee
Congresr.oan Brent, absorption of exchange and collection
charges, letters re Lmendment to la-e suggested
by Lr. .00d, sent to
4
international:
:Bre.tton
Woods Agreement, public statements by System
representatives, policy re discussed
Policy re public statements, memo to be presented
by Chairman Eccles at meeting of
Presidents' Conference with Board
Legislation re, Messrs. Eccles and Szymczak to
prepare recommendation
Statement re Board's program, Messrs. Eccles and
Szymczak to discuss with State and
Treasury Departments and to submit
recommendation to Board as to date
of publication
Legislation for, discussion of Treasury draft re,
further material to be submitted
Treasury draft of legislation, status, not to be
discussed at meeting with Presidents
Meetings arranged by Presidents of FREanKs of
Atlanta and St. Louis for bankers in
Birmingham, Louisville, and Nashville
to hear speeches by Ur. alite re
Messrs. Ness and iikeseil to visit Denver and other
cities to discuss, letter to Mr. Leedy re
Legislation re, status of draft revie,-ed
Edward E., member of American delegation to
international conference, discussion
of views re at meeting of executive
committee of FAG with Board
Fluid and bank, Board's staff to continue 7,ork on problems re
Position of Board to be taken re, suggested in
memo of Mr. Gardner
Joint statement discussed with Russian delegation,
question of Board's representation at
conference of United Associated Nations,
Messrs. Szymczak and Eccles to make
recommendations re
Statement of Chairman Eccles re discussion with
.r. Sproul
Statement to be published
Discussion of plans for
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/28
1154
10/17 1578
10/25
1624
1/ 7
39
9/15
1380,
9/22 1432
11/21
1725
12/ 1 1768
12/ 7 1816
12/ 8
1824
12/ 8 1825
12/19 1913
12/22 1926
6/7
924
L/13
69
3/7
371
4/14
5,;.6
4/21
4/24
6/2
634
650
874
Ir
254
Pages
Stab
J-ization, international: (Gontli,ued)
Fund and bank: (Continued)
Draft outline of proposal for, FRBanks to submit
comments re
FRBank representatives to submit suggestions re
list of principal points by Mr. Goldenweiser
for discussion at international conference
Statement by Mr. Goldenweiser of principal points to
be covered at Board meeting in discussion of
Discussion by Board and representatives of System of
plans and views re, prior to international
conference
Points of particular interest to FRSystem,
discussed by Mr. Gardner at Board meeting
Discussion of plans re at meeting of executive
committee of FAC with Board
Public statements in opposition to, not to be made
by FRBanks or their officers, but views
to be expressed to Board
Plans, analysis to be published in FRBulletin,
copy sent to FRBanks, printed form of
text to be forwarded
"Senator Taft's Criticisms", distribution of
memo re, letter to FRBank of Atlanta
International conference, question of holding to
consider statement of principles
Question of holding meeting and of Board's
representation discussed
To be held at Bretton Woods, New Hampshire,
beginning July 1, to formulate plans
for fund and Bank for Reconstruction
and Development, discussion of
FEBank personnel, attendance of, policy and
procedure to be worked out by
Messrs. Ransom and Szymczak
Board's staff to participate in, discussion of
FftBank personnel, attendance of, list of men
desired by Treasury
FRSystem representation, discussion of
Monetary fund, memo of Mr. Goldenweiser in
answer to criticisms by Senator Taft,
sent to FRBanks
International Finance - Monetary Fund and Bank for
Reconstruction and Development,
discussion of public statements re
at meeting of Presidents Conference
with Board
lie 4.
-e.lng of Board to be held on March 15, for review
of February 1944 draft of Joint btatement
on establishment of fund
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/6
914
6/6
914
6/ 6
8-"-
6/ 6
6/6
910
6/7
924
6/19
987
8/10 12.6
8/15 1244
4/21
635
5/9
733
5/31
- 53
6/6
6/10
915
943
6/10
6/19
945
981
7/29 1166
9/22
3,17
1465
372
255
Pages
lzation, international: (Continued)
'
4eeting, small committee of Presidents to discuss plans
for monetary fund and Bank for Reconstruction,
on June 6
.
"'"Tanj to discuss plans for monetary fund and Bank,
on June 6, question of inviting Yr. Grady,
decision to be left to Mr. Creighton
!:oeting of technical group to prepare agenda for
international conference, June 150
group to attend
netbry plans, statement by Mr. Draper re
Plan, review of status of discussions of, at meeting
of executive committee of FAG with Board
Revie:, of developments and instructions for staff
re participation in further discussions of
State,aent for press by Mr. hhite re Board's participation
in discussions, not satisfactory to Board
Statement of principles, to be completed soon and to
be considered by British representatives
ii-1(1 U. S. officials as basis for
international conference
To be released to press, statement of Chairman Eccles re
Cable from British Chancellor of Exchequer re
release of
u
Opposition of Mr. Williams to
n-ted Natio.,s Bank, H. R. 3854, to authorize participation
by U. S. in establishing, hearings to be
held on, representatives of Board asked
to appear, but Board to take no position
on at present
,
Memo of Mr. Gardner re developments in connection with
"'tatus of present fund under proposed bill with respect
to Bretton woods agreements
Of Loard of Governors:
general policy re apl)ointment aithout investigation
by FBI, question to be taken up at early
meeting of Board
Information to be obtained from FBI and proper recommendation to Board to be made by Division
•
of Personnel Administration
fl1111,",1 leave, wartime regulations, modifications of
'c'e,rd members section:
Clayton, Lawrence, to act as alternate for
Eccles on War Loans Committee
Thurston, Elliott, Special Assistant to the Chairman:
InternatIonal conference, mentioned as possible
meAdber of staff
Attendance at international conference,
discussion of question
Attendance considered unnecessary
salary increased
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/31
,355
6/ 2
174
6/10
6/19
943
933
3/
3/13
405
4/21
(,33
1/13
4/18
69
600
L/21
4 21
634
635
1/13
1/13
63
62
12/ 7 1818
2/2
157
2/15
5/16
244
732
3/ 9
392
5/31
'255
6/10
6/19
3/16
944
985
422
256
Pages
Staf
f of Board of Governors: (Continued)
Cafeteria:
Arnold, Ramona D., cafeteria helper, appointment
on temporary basis and salary approved
Separated from service
Bates, Annie, c,'feteria helper, resignation accepted
Bates, Thomas J., cafeteria helper, resignation
accepted
Bissett, Alvin, cook, appointment on temporary
basis and salary approved
Transfer from Secretary's Office to Division of
Administrative Services and salary approved
Black, Mrs. Irene, cafeteria helper, resignation
accepted, deduction to be made for
unearned annual leave
Lco-..dhurst, Mrs. Blanche, cafeteria helper, extension
of appointment, salary to be on same hourly
basis
Appointment extended for indefinite period,
with no change in salary
Employment on full-time basis for temporary
period and salary approved
Salary adjustment for work on six-hour
day basis approved
Transfer from Secretary's Office to Division
of Administrative Services and salary
approved
Lrook:, Ruby, cafeteria helper, appointment on
temporary basis and salary approved
Transfer from Secretary's Office to Division of
Administrative Services and salary approved
Bron, Eva, cafeteria helper, tr,,nZer from Secretary's
office to Division of Administrative Services
and salary approved
Chapman, Eileen, cafeteria helper, appointment on
part-time temporary basis and salary plus
supplemental compens:Aion approved, deduction for meals reduced
Resignation accepted
Chapman, Geraldine A., cafeteria helper, appointment
on temporary basis and salary with overtime
compensation approved, deduction of ,060 per
month for meals to be made
Resignation accepted
Chumbris, Mrs. Elizabeth N., cafeteria helper,
appointment on temporary basis and salary
approved, not to become member of retLrement
system
Craig
r . Chlora, cafeteri helper, resign%ton
accepted
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/26 1489
10/17 1590
187
2/10
4/29
682
6/3
379
11/14
1692
5/31
862
1/13
52
3/ 9
391
7/i
1_55
9/19
1421
11/14
1693
7/ 6
1071
11/14
1692
11/14
1692
6/13
',)/ 1
958
1310
7/12 1084
9/ 1 131D
12/ 1
1777
2/ 2
157
257
Pages
Staff
of Board of Governors: (Continued)
Cafeteria:
(Continued)
Craig, Ulys H., cafeteria helper, salary increased
Resignation accepted
Crawford, Mary, head cook, transfer from Secretary's
Office to Division of Administrative Services
and salary approved
D'Aiutolo, August, cafeteria helper, appointment
on temporary basis and salary approved
Separated from service
Deduction for meals from compensation of workers,
reduction in
Deneen, Mrs. Mary A., cafeteria helper, appointment
on temporary basis and salary approved,
not to become member of retirement system
Evans, Joseph J., cafeteria helper, appointment
on temporary basis and salary approved
Resignat'on accepted
Gill, Katie, cafeteria helper, transfer from
Secretary's Office to Division of
Administrative Services and salary
approved
'.1arrison, Dora, Junior Supervisor, transfer from
Secretary's Office to Division of Administrative Services and salary approved
Henson, Myrtle, cafeteria helper, salary increased
Transfer from Secretary's Office to Division of
Administrative Services and salary approved
Herman, Violet, cafeteria helper, transfer from
Secretary's Office to Division of
Administrative Services and salary
aprroved
irs. Ruby, cafeteria helper,
resignation accepted
Imhoff, Anna, cook, transfer to Division of Administrative Services and salary approved
Resignation accepted, deduction to be made
for overdrawn annual leave
Jones, Pearl, cook, transfer from Secretary's
Office to Division of Administrative
Services and salary approved
Lawson, Mrs. Laura, cafeteria helper,
resignation accepted
Love, Mrs. Lois A., cafeteria helper, appointment
on temporary basis and salary approved
Resignation accepted
:4a5r, Mrs. Geraldine, cafeteria helper, appointment
on temporary basis and salary approved
Transfer from Secretary's office to Division
of Administrative Services and salary
apl.roved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/10
2/ 2
52
157
11/14 1692
3/30
5/26
504
833
6/ 5
8:32
1;/ 6
1810
6/ 3 279
7/ 7 _tor?,
11/14 1692
11/14 1692
7/13 1090
11/14 1692
11/14 1692
9/16 1383
11/14 1692
11/15 1700
11/14
1692
5/31
862
6/13
958
V17 1251
9/19
1421
11/14
1692
258
Pages
St4ff
of Board of Governors: (Continued)
4tfeteria: (Continued)
McHenry, Mrs. Dorothy, cafeteria helper, resignation
accepted
McVearry, Florence, cafeteria helper, salary increased
Transfer from 'Secretary's uffice to Division of
Administrative Services and salary approved
Murphy, Charlotte A., cafeteria helper, appointment
on temporary basis and salary approved
Transfer from Secretary's office to Division of
Administrative Services and salary approved
Separated from service
Ayers, William, cafeteria helper, resignation accepted
Nordick, Ann, cafeteria helper, appointment on
temporary basis and salary approved
Resignation accepted
Payne, Mrs. Della M., cafeteria helper, appointment
on temporary basis and salary approved
Appointment extended on temporary basis
i
- th no change in salary
Transfer from Secretary's Office to Division of
Administrative Services and salary aproved
Payne, irs. Grace, cafeteria helper, appointment
on temporary basis and salary approved
Transfer from Secretary's Office to Division of
Administrative Services and salary approved
Appointment extended and salary increased
Petrovich, Mrs. Vera, cafeteria helper,
resignation accepted
Pulley, Lars. Martha, cafeteria helper,
resignation accepted
Lchutrumpf, Doris, Assistant Supervisor, tr,,n-fer
to Division of Administrative Services
from Secretary's office and salary approved
Shinn, iatma, head cook, transfer from Secretary's
Office to Division of Administrative
Services and salary ap:,roved
SilLms, John R., cafeteria helper, separated from service
Somers, Ruth, clerk, granted leave of absence without
pay because of mother's illness, insurance
benefits under retirement system to be
continued
Resignation accepted
Stem, Mrs. Edith, baker, resignation accepted
Tavenner, Mary K., cafeteria helper, transfer from
Secretary's Office to Division of Administrative Services and salary approved
Taylor, Harry C., cafeteria helper, transfer from
Liecretary's Office to Division of Administrative Services and salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
„,
8
1/4
fi b 1090
11/14 1692
9/16
1384
11/14 1693
11/28 1753
3/30
506
6/ 5 882
6/26 1024
6/13
953
9/ 4 1312
11/14 1693
10/26
162
11/14 1693
12/18 1905
'/3
3
3/10
'399
11/14 1692
11/14 1692
1/31 151
4/15
590
6/22 1005
5/29
844
11/14
1693
11/14
1692
259
Pages
Staff
of Board of Governors: (Continued)
Cafeteria:
(Continued)
Tull, Ainnie, cafeteria helper, transfer from
Secretary's Office to Division of
Administrative Services and salary
approved
Turner, Mrs. Stella R., cafeteria helper,
resignation accepted, deduction to be
made for unearned annual leave
Tydings, Mildred, Supervisor, transfer from
Secretary's Office to Division of
Administrative Services and salary
approved
Letnight, Mrs. Rosemary, cafeteria helper,
appointment on temporary basis and
salary approved
Temporary appointment extended and salary
increased
Transfer from Secretary's Office to Division
of Administrative Services and salary
approved
Resignation accepted
Charwomen:
Annual leave, wartime regulations re accumulated
to be continued without change
Beach, Ida IA., salary increased
Transfer from Secretary's Office to Division
of Administrative Service:: and
approved
Resignation accepted
Bertolini, Mrs. Madalena, granted leave of absence
without pay because of illness
Salary i4creased
Transfer from Secretary's Office to Division
of Administrative Services and salary
L.pproved
Brown, Lrs. Irene, appointment on temporary
basis and salary approved
Resignation accepted
Cooke, Clara Ray, salary increased
Transfer from Secretary's Office to Division
of Administrative Services and salary
approved
Corbin, Sarah F., salary increased
Transfer from Secretary's Office to Division
of Administrative Services and salary
approved
Crowell, Teresa F., transfer from Secretary's
Office to Division of Administrative
Services and salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/14 1692
6/10
947
11/14 1692
8/ 9
1;19
9/26
1489
or"
11/14 1693
12/ 5 1805
5/16
10/11
784
1554
11/14 1694
12/27 1945
5/ 1
692
13/11 1554
11/14
16°4
9/ 8 1345
10/27 1632
10/11 1554
11/14 1694
10/11 1554
11/14 1694
11/14 1694
260
Pap-es
Staff
of Board of Governors: (Continued)
Charwomen: (Continued)
Crowell, Teresa: (Continued)
Appointment extended, with no change in salary,
to remain member of Civil Service retirement
system
Dalton, Margaret, salary increased
Transfer from Secretary's Office to Division of
Administrative Services and salary approved
Deskin, Mrs. Attie L., appointment made pemanent,
with no change in salary
Salary increased
Resignation accepted
Enrico, Mary J., salary increased
Transfer from Secretary's Office to Division
of Administrative Services and salary
approved
Guice, Mrs. Annie, appointment on temporary
basis and salary approved
Resignation accepted
Howell, Mrs. Ruby M., appointment on temporary
basis and salary approved
Appointment made permanent
king, Mrs. Cora, appointment on temporary basis
and salary approved
Resignation accepted
Kocunen, Mrs. Anna, appointment on temporary
basis and salary approved
Resignation accepted
May, "Ars. Geraldine, appointment on temporary
basis and salary ap! roved
Resignation accepted
Fayne, Mrs. Delia, resignation accepted, deduction
to be made for overdra-An sick leave
Peacock, Mrs. Blanche E., appointment on
temporary basis and salary approved
Extension of appointment with no change in
salary, to become member of retirement
system
Transfer from Secretary's Office to Division of
Administrative Services and salary approved
ftogers, Mrs. Dorothy, granted leave of absence
without pay, death benefit insurance
tc be continued
Salary increased
Transfer from Secretary's Office to Division of
Administrative Services and salary approved
Resignation accepted
Sanders, Mrs. Dorothy, appointment on temporary
basis and salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/ 5 1804
10/11 1554
11/14 1694
1/20
136
7/13 1090
9/ 7 1337
1-,/11 1554
11/14 1694
1/18
1/29
94
143
4/29 6U
6/28 1036
5/26
7/13
233
1091
3/ 9
4/ 1
391
518
2/14
3/28
242
492
1/25
134
8/26
1286
10/25
1623
11/14 1694
7/14 1098
10/11 1554
11/14 1694
12/ 7 1820
1/20
106
261
Pages
SL,ff
,of Board of Governors: (Continued)
Charwomen: (Continued)
Sanders, tiro. Dorothy: (Continued)
Resignation accepted
Lvicer, Libbie L., salary increased
Transfer from Secretary's Office to Division of
Administrative Services and salary approved
Steiner, Almeda, salary increased
Tr. nsfer from Secretary's Office to Division of
J,dministrative Services and salary approved
6underman, Ethel M., salary increased
Transfer from Secretary's Office to Division of
Administrative Services and salary approved
Tambini, Mrs. Frances b., appointment on
temporary basis and salary approved
Appointment made permanent
Resignation accepted
Thorne, Mrs. Grace L., appointment on
temporary basis and salary approved
Extension of temporary appointment
Transfer from Secretary's Office to Division of
Administrative Services and salary approved
.illiams, Mrs. Elizabeth, appointment on
temporary basis and salary approved
Appointment made permanent
Transfer from Secretary's Office to Division
of Administrative Services and salary
approved
Resignation accepted
YouLL, Mrs. Elizabeth id., appointaenL on
temporari basis and salary approved
Apriointment made permanent
Transfer from Secretary's Office to Division
of administrative Services and salary
approved
eheuffeurs:
Bell, J. Frank, salary increased
Transfer from Secretary's Office to Division
of Administrative Services and salary
approved
Led, John V., appointment on temporary basis
and salary approved
Transfer from Secretary's Office to Division
of Administrative Services and salary
approved
Sinclair, Robert, resignation acce;,ted
transferred from guard and
Stull, Howard
appointment made permanent
Transfer from Secretary's Office to Division
of Administrative Services and salary
approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/29 148
10/11 1554
11/14 1694
L.;/11
1554
11/14 1694
10/11 1554
11/14
1604
1/18
94
6/28 1036
10/31 1641
7/19 1126
9/12 1360
11/14
1694
5/30
6/28
504
1336
11/14
11/17
1694
1711
3/1
6/28
349
1036
11/14
1694
4/15
590
11/14
1692
6/30 1050
11/14 1692
6/15
967
9/14 1366
11/14 1692
262
Pages
StE.fr
of Board of Governors: (Continued)
Committees of Presidents Conference, service as
associate members discussed
Counsel's Office:
Attorneys, information re employment by Board,
sent to Mr. Howard W. Smith
Bank holding company bill, revised memo and opinion
re request of FAG for copies of, to be
submitted to Board
Approved, to be read at Council meeting
if question raised
Branches of International Banking Corporation in
Paris, representatives authorized to
imiuire of State Department re approval
of
Cashell, Frances C., Secretary to i4r. Dreibelbis,
salary increased
Cherry, A. K., heai.ings on Second War Powers Act,
present at
Dreibelbis, J. P.:
Hearing re Messrs. Agnew and Fayerweather,
discussion with Messrs. Upham and Delano,
to attend
International conference staff, mentioned by
Mr. White as possible member of
Requested to be member of technical staff at
international conferences on monetary
fund and bank
Overtime payments, to confer with committee
of Presidents' Conference on
Peoples Bank, Lakewood Village, California,
vs. FRBank of San Francisco, Board of
Governors, and Henry F. Grady, FRAgent,
report re court proceedings
To cooperate with Mr. Brown of FDIC
Goepfert, Mabel, secretary to Mr. Wingfield,
transferred to Mr. Clayton's office
as secretary, with no change in salary
Hackley, Howard H., Attorney, salary increased
Hargett, Edwz_rd L., messenger, salary increased
Hooff, Viilson L., Attorney, salary increased
Vest, George B.:
Memo on revision of aegulation V
To act as Counsel for %,,ar Loans Committee
To discuss applicability of Fair Labor Standards
Act to FRBanks with Wage and Hour Division
Mastin G., Assistant General Attorney,
appointment and salary approved, subject
to release from Army, to remain member of
Civil Service Retirement System
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/19 1420
9/23 1482
9/12 1359
9/15 1375
8/ 2 1193
6/ 9
938
11/21
1723
107 1709
:/31
455
6/10
943
L0/11
1556
10/20 1600
8/ 5 1210
1/13
6/ 9
6/ 9
9/16
78
938
938
1383
8/ 4 1201
392
3/ 9
12/26
1940
12/16
1880
263
Pages
SWIr of Board of Governors: (Continued)
Counsel's Office: (Continued)
q-att, Vialter:
Designated as hearing officer in order on
hearing on forfeiture of membership by
Pine Lawn Bank and Trust Co., Pine Lawn,
Missouri
Hearing officer for case of liessrs. Agnew and
Fayerweather to determine removal from
office as directors of Paterson National
Bank, Paterson, New Jersey
Instructions to be prepared
Deferment
from military service, policy to be followed
in cases of pre-Pearl Harbor fathers
New procedure on deferments outlined by Mr. Leonard
'lvision of Administrative Services:
Adams, Elizabeth M., elevator operator, transfer
from Secretary's Office and salary approved
Anderson, E. F., Acting Captain of the Guard, transfer
from Secretary's Office and salary approved
Arason, l'iarylou, stenographer, transfer from
Secretary's Office and salary approved
Salary increased
Baker, Sebum, Foreman Operator (Duplicating Devices),
transfer from Secretary's Office and
salary approved
Ball, L. L., Assistant Supervisor, Telegraph Section,
transfer from Secretary's Office and salary
approved
Bare, Edith, page, transfer from Secretary's
Office and salary approved
Barnes, Bricen, Junior I1.il Clerk, transfer from
Secretary's Office and salary approved
Bass, Sampson H., Supervisor, Accounting Section,
transfer from Secretary's Office and
salary approved
Beach, Ida III., charwoman, transfer from Secretary's
Office and salary approved
Resignation accepted
Bell, J. Frank, chauffeur, transfer from Secretary's
Office and salary approved
Berry, Benjamin, Mail Clerk, transfer from
Secretary's Office and salary approved
Bertolini, Madalena, charwoman, transfer from
Secretary's Office and salary approved
Bethea, L. P., Director, transfer from Secretary's
Office and salary approved
Bissett, Alvin, cook, transfer from Secretary's
Office and salary approved
Blash, John, painter, transfer from Secretary's
Office and salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/27
46
7/29
11/17
1172
1709
1/6
31
0,,
5/22
11/14 1693
11/14 1693
11/14 1691
1V 1 1777
11/14
1691
11/14
1691
11/14. 1692
11/14
1691
11/14
1690
11/14 1694
12/27 1945
11/14
1692
11/14
1691
11/14 1694
11/14 1689
11/14 1692
11/14
1693
264
Pages
of Board of Governors: (Continued)
ldvision of Administrative Services: (Continued)
Bocuilis, Adela, clerk, transfer from Secretary's
Office and salary approved
Boothe, (podley, General Mechanic, transfer from
Secretary's Office and salary approved
Broadhurst, Blanche 1., cafeteria helper, transfer
from Secretary's Office and salary approved
Brooks, Rae M., Telephone Operator, transfer from
Secretary's Office and salary approved
Brooks, Ruby, cafeteria helper, transfer from
Secretary's Office and salary approved
Brown, Eva, cafeteria helper, transfer from
Secretary's Office and salary approved
Brown, Rushia H., Telephone Operator, transfer from
Secretary's Office and salary approved
Brundage, Mary A., clerk, transfer from Secretary's
Office and salary approved
carmichael, Elizabeth L., Printing and Publications
clerk, transfer from Secretary's Office
and salary approved
Salary increased
Carter, Robert B., laborer, transfer from
Secretary's Office and salary approved
Caughron, Jean, page, transfer from Secretary's
Office and salary approved
Conley, Helen, stenogr(pher, transfer from
Secretary's Office and salary approved
designation accepted
Operator (Duplicating Devices)
Constable, Frank
transfer from Secretary's Office and
snlary approved
Cooke, Clara Ray, charwoman, transfer from
Secretary's Office and salary apl-roved
Corbin, Sarah F., charwoman, transfer from
Secretary's Office and salary approved
Crawford, Mary, head cook, transfer from
Secretary's Office and salary approved
Crowell, Teresa F., charwoman, transfer from
Secretary's Office and salary approved
Appointment extended, with no change in sPlary,
to remain member of Civil Service retirement system
Dalton, Margaret, charwoman, transfer from
Secretary's Office and salary approved
Davey, Beverly J., stenographer, transfer from
Secretary's Office and salary approved
Deakins, Thomas R., guard, trsnsfer from
Secretary's Office and salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
L1/14 1690
11/14 1693
11/14 1693
11/14 1692
11/14 1692
11/14 1692
11/14 1692
11/14 1691
11/14
12/18
1690
1905
11/14
1694
11/14
1692
L1/14 1691
11/20 1720
11/14 1691
11/14 1694
11/14 1694
11/14 1692
11/14 1694
1:1 5 1804
11/14 1694
11/14 1691
11/14 1693
265
Pages
84.ff of
Board of Governors: (Continued)
Division of Administrative Services: (Continued)
Dodge, Jane Gray, stenographer, transfer from
Secretary's Office and salary approved
Dyson, Lelson S., Operator (Duplicating Devices),
transfer from Secretary's Office and
salary approved
uyson, Seaton, messenger, transfer from Secretary's
Office and salary approved
Retention in active service on temporary
basis, with no change in salary approved
Enrico, Lary J., charwoman, transfer from
Secretary's Office and salary approved
Erickson, Dorothy, clerk, transfer from
Secretary's Office and salary approved
Flagg, M. P., Telegraph Operator, transfer from
Secretary's Office and salary approved
Fletcher, Vinson T., Operator (Duplicating Devices),
transfer from Secretary's office and
salary approved
Florence, Frances B., clerk-stenographer, transfer
from Secretary's Office and salary approved
Salary increased
Granted leave of absence from December 26, 1944,
to February 28, 1945
Fowler, Preston E., laborer, transfer from
Secretary's Office and salary approved
Gardner, 'Ulliam„ guard, transfer from secretary'.!-1Office and salary approved
Gill, Katie, cafeteria helper, transfer from
Secretary's Office and salary approved
Glotfelty, Joseph T., Operating Engineer, transfer
from Secretary's Office and salary approved
Goebel, Vivienne O., stenographer, transfer from
Secretary's Office and salary approved
Resignation accepted
Goodloe, Ida, Supervisor, Stenographic Section,
transfer from Secretary's Office and
salary approved
Griffith, Flora J., Chief Telephone Operator,
transfer from. Secretary's Office and
salary approved
Harrison, Dora, Junior Supervisor, Cafeteria,
transfer from Secretary's Office and
salary approved
Hauser, Adam V., guard, transfer from Secretary's
Office and salary approved
cafeteria helper, tran,fer from
Myrtle,
Henson,
Secretary's Office and salary approved
Herrman, Violet, cafeteria helper, transfer from
Secretary's Office and salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/14
1691
11/14 1691
11/14 1692
12/ 6
1809
11/14 1694
11/14 1691
11/14 1691
11/14 1691
11/14 16')0
11/14 1694
12/14 1868
11/14 1694
11/14 1693
11/14
1692
11/14
1693
11/14 1690
12/19 1908
11/14 1690
11/14
1692
11/14
1692
11/14
1693
11/14
1692
11/14
1692
266
Pages
P 0
f board
of Governors: (Continued)
Oivleien of Administrative Services: (Continued)
Huffman, Margaret C., steno--rapher, transfer from
Secretary's Office and salary approved
Hulen, Helen L., clerk-typist, transfer from
Secretary's Office and salary approved
Hurst, eoneld, clerk, transfer from Secretary's
Office and salary approved
Hyde, eilliam, Senior Guard, transfer from
Secretary's Office and salary approved
Imhoff, Anna, cook, transfer from Secretary's
Office and salary approved
Jones, Everett, laborer, transfer from Secretary's
Office and salary apnroved
Jones, Pearl, cook, transfer from Secretary's
Office and salary approved
Jordan, E. P., Operating Engineer, transfer from
Secretary's Office and salary approved
Kelleher, Joseph E., Administrative Assistant,
transfer from Secretary's Office and
salary approved
Kern, Harry E., purchasing clerk, transfer from
Secretary's Office and salary approved
iaaprat, Leone, Telegraph Oserat,_r, appointment
on temporary basis and salary approved,
to become member of retirement system
Kramer, Fannie A., Accounting Clerk, transfer from
secretary's Office and salary approved
Lewis, John V., chauffeur, transfer from
becretary's Office and salary approved
Lindamood, Charles D., Operating Engineer, transfer
from Secretary's Office and salary approved
MacDowell, M. DuBose, clerk, transfer from
Secretary's Office and salary approved
:.lacklin, James H., laborer, transfer from
Secretary's Office and salary approved
..larch, G. L., Telegraph Operator, transfer from
Secretary's Office and salary approved
May, Geraldine A., cafeteria helper, transfer from
Secretary's Office and salary approved
Mayhew, llorris, Gardener, transfer from 5ecrearys
Office and salary approved
McVearry, Florence, cafeteria helper, transfer free
Secretary's Office and salary approved
Moffett, Bruce L., supply clerk, transfer from
Secretary's Office and salary approved
:,loon, Donald
clerk, transfer from Secretary's
Office qnd salary approved
Morley, Lichaell laborer, transfer from Secretary's
Office and salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/14
1691
11/14 1690
11/14 1690
11/14 1693
11/14 1692
11/14 1694
11/14 1692
11/14
1693
11/14
1690
11/14 1690
12/14 1868
11/14
1690
11/14 1692
11/14 1693
11/14
1690
11/14 1694
11/14
1691
11/14
1692
11/14
1693
11/14
1692
11/14
1690
11/14
1690
11/14
16?4
267
Pages
Starr
of Board of Governors: (Continued)
Division of Administrative Services: (Continued)
Mull, Goldia Reba, page, transfer from Secretary's
Office and salary approved
Murphy, Charlotte A., cafeteria helper, transfer
from Secretary's Office and salary approved
Murphy, Royal J., Marble Mason, transfer from
Secretary's Office and salary approved
Myers, Anna Mae, page, transfer from Secretary's
Office and salary approved
Myers, Clifford B., guard, transfer from
Secretary's Office and salary approved
Nelson, Fred A., Assistant Director, transfer from
Secretary's Office and salary approved
Nichols, Charles R., guard, transfer from
secretary's Office and salary approved
Lorden, Leonard A., guard, transfer from
Secretary's Office and salary approved
L);lary increased
Oros, Susie T., accounting clerk, transfer from
SecreLary's Office and salary approved
Ott, H. U., Supervisor, Telegraph Section, transfer
from Secretary's Office and salary approved
Pace, Muriel, Telegraph Operator, extension of
authorization to reimburse ;,estern
Union for service
Parquette, Fred, guard, transfer from Secretary's
Office and salary approved
Payne, Della, cafeteria helper, transfer from
Secretary's Office and salary approved
Payne, Grace
cafeteria helper, transfer from
Secretary's Office and salary approved
Peacock, Blanche E., charwoman, transfer from
Secretary's Office and salary approved
Pollard, liayne A., accountant, transfer from
Secretary's Office and salary approved
Pool, V. S., Telegraph Operator, transfer from
Secretary's Office and salary approved
Price, Albert R., laborer, appointment on temporary
basis and salary approved, to become
member of retirement system
Riney, Virginia, clerk, transfer from Secretary's
Office and salary approved
Ratliff, Lee, laborer, transfer from Secretary's
Office and salary approved
Reamey, Dorothy, page, transfer from Secretary's
Office and salary approved
Riston, Percy C., foreman of laborers, transfer
-from Secretary's Office and salary
approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/14 1692
L1/14
1693
11/14
1693
11/14
1692
11/14 1693
11/14
1689
11/14 1693
11/14 1693
12/14 1867
11/14
1690
11/14
1691
12/14
1869
11/14
1693
11/14
1693
11/14 1693
11/14. 1694.
11/14 1690
11/14 1692
12/14
1267
11/14
1690
11/14
1694
11/14
1692
11/14
169:,
26
Pages
St .ff of B
oard of Governors: (Continued)
Division of Administrative Services: (Continued)
Rogers, Dorothy, charwanan, transfer from Secretary's
Office and salary approved
Resignation accepted
Sanders, Mary Elizabeth, stenographer, transfer from
Secretary's Office and salary approved
Schutrumpf, Doris, Assistant Supervisor, cafeteria,
transfer from Secretary's Office and
salary approved
Seagle, Mary S., teletype operator, transfer from
Secretary's Office and salary approved
Sheehan, .nlizabeth M., elevator operator, transfer
from Secretary's Office and salary approved
Sherrod, Ralph A., Operator (Duplicating Devices),
transfer from Secretary's Office and
salary approved
Shinn, Emma, head cook, transfer from Secretary's
Office and salary approved
Shipp, Arad B., gardener, transfer from Secretary's
Office and salary approved
snouffer, Paul, guard, transfer from Secretary's
Office and salary approved
Salary increased
Spicer, Libbie L., charwoman, transfer from
Secretary's Office and salary approved
Staley, Enid W., clerk-stenographer, transfer from
Secretary's Office and salary approved
Steger, Karl J., guard, transfer from Secretary's
Office and salary approved
Salary increased
Steiner, ALdeda, charwoman, transfer from Secretary's
Office and salary approved
Stewart, Phyllis E., secretary to Mr. Nelson, transfer
from Secretary's Office and salary approved
Storm, Charles W., Maintenance Mechanic, transfer
from Secretary's Office and salary approved
Stull, Howard V., chauffeur, transfer from
Secretary's Office and salary approved
Sullivan, David, senior guard, transfer from
Secretary's Office and salary approved
Sunderman, Ethel M., charwoman, transfer from
Secretary's Office and salary approved
Telegraph Operator, transfer from
Tanner, J.
secretary's Office and salary approved
avenner, Mary K., cafeteria helper, transfer from
Secretary's Office and salary approved
Taylor, Franklin, supply clerk, transfer from
.aecretary's Office and salary approved
11/14
1694
12/ 7
11/14 1691
11/14 1692
11/14 1692
11/14 1693
11/14 1691
11/14 1692
11/14 1693
11/14 1693
12/14 1867
11/14
1694
11/14 1690
11/14 1693
1V 1 1777
11/14 1694
11/14 1690
11/14 1693
11/14 1692
11/14 1693
11/14 1694
E.,
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/14 1692
11/14 1693
11/14 1693
269
Pages
6
f
5 Board of Governors: (Continued)
Dlvision of Administrative Services: (Continued)
Taylor, Harry C., cafeteria helper, transfer from
Secretary's Office and salary approved
Thorne, Grace L., chamoman, transfer from
Secretary's Office and salary approved
Tobler, Herman L., laborer, transfer from
secretary's Office and salary approved
Tobler, Nellie Gray, elevator operator, transfer
from Secretary's Office and salary approved
Traver, ,Alliam J., guard, transfer from
Secretary's Office and salary approved
Trueheart, Lynwood, junior operator (Duplicating
Devices), transfer from Secretary's
Office and salary approved
Tull, vannie, cafeteria helper, transfer from
Secretary's Office and salary approved
Tv.omey„ Raymond C., Supervisor, Duplicating and
Mail Section, transfer from Secretary's
Office and salary approved
Tydings, Mildred, Supervisor, cafeteria, transfer
from Secretary's Office and salary approved
Unger, B. M., Senior Guard, transfer from
Secretary's Office and salary approved
arwick, Howard L., Jr., Operator (Duplicating
Devices), transfer from Secretary's
Office and salary aproved
iatkins, F. L., senior mail clerk, transfer froT,
Secretary's Office and salary approved
..eeks, E. J., Sr., assistant foreman of laborers,
transfer from Secretary's Office and
salary approved
netnight, Rosemary, cafeteria helper, transfer
from Secretary's Office and salary approved
Elizabeth, charwoman, transfer from
Secretary's Office and salary approved
Resignation accepted
Ulliams, John Thomas, guard, transfer from
Secretary's Office and salary approved
“olcott, Helen B., secretary to r. Bethea,
transfer from Secretary's Office and
salary approved
biargarct L., stenographer, transfer from
Secreary's Office and salary ap, rovcd
Yilck, J. J., Operator (Duplicating Devices),
transfer from Secretary's Office and
salary approved
Young, Elizabeth 1A., charwoman, transfer from
Secretary's Office and salary approved
Young, Herbert c., mechanical superintendent, transfer
from Secretary's Office and salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/14 1692
11/14 1694
11/14 1694
11/14 1693
11/14 1693
11/14 1691
11/14 1692
11/14 1691
11/14 1692
11/14 1693
11/14 1691
11/14 1691
11/14 1694
1L/14 169
11/14 169'
11/17 1711
11/14 1693
11/14 1690
11/14 1691
11/14 16q1
11/14 1694
1/14 16c)3
270
Pages
St; ff
of Board of Governors: (Continued)
bivision of Bank Operations:
Baldwin, fdlliam N., senior clerk, retirement upon
application
Ball, Largaret K., clerk, salary increased
Boyer, Rita S., clerk, salary increased
Bryan, Evelyn, clerk, salary increased
Callahan, Frank J., clerk-typist, salary increased
Chadik, Mary Ann, clerk, salary increased
Collins, Vesley B., messenger, salary increased
Conkling, Gerald la., technical assistant,
salary increased
Connell, J. J., technical assistant, salary increased
Conover, Esther
clerk, salary increased
Cron, Mrs. Zelpha, clerk, transferred from Division
of Research and Statistics, with no change
in salary
Salary increased
Daniels, Mortimer B., technical assistant,
commissioned FRExaminer for balance of 1944
Salary increased
DeLaMater, John, designated to represent FRSystem
in mutilation of plates bearing signature
of John Phillips, Jr., Assistant Vice
President at Ft-Wank of Kansas City
Supervisor of service functions, to be retained
in active service for .1dditional six months,
on same basis as formerly
To be retained in active service on month to
month basis for period not to exceed six
months, with no change in salary, retirement allowance to be suspended until
termination of employment
Designation as representative of FRBanks to
Atness mutilation of signature plates
Garrison, Doris A., clerk, salary increased
Goheen, Loretta I., senior clerk, salary increased
Griset, Margaret, clerk-stenographer, salary increased
Hobson, Dorothy .1 clerk, salary increased
Hurley, John J., senior clerk, salary increased
Jones, Marjorie F., senior clerk, salary increased
Lallican, Thelma C., clerk, salary increased
uillis H., Supervisor, Call Report
Section, salary increased
Lorrissette, 0. B., senior clerk, salary increased
aehlhaus, Margaret, secretary to Mr. Van Fossen,
salary increased
Per diem increased from'
e() to i7 for employees
visiting FRBani,c to revie, operating costs
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/ 7
174
7/15 1101
7/15 1101
7/15 1101
7/15 1101
11/ 1 1645
7/15 1101
II/ 1 1645
7/15 1101
7/15 1101
8/ 9 1220
11/ 1 1645
5/ 3 698
11/ 1 1645
1/20
107
5/16
778
11/27 1748
12/ 1 1777
11/ 1 1645
7/15
1101
11/ 1 1645
7/15 1101
11/ 1 1645
7/15
7/15
1101
1101
7/15 1101
11/ 1 1645
7/15 1101
5/ 6
724
271
Pages
StEsff
Of Board of Governors: (Continued)
Division of Bank Operations: (Continued)
Scudder, Dilver, Supervisor of Reserve Bank Section,
resignation accepted, accrued and accumulated
annual leave to be transferred to new employer
Severud, Esther, clerk-stenographer, salary increased
Sherry, H. E.) senior clerk, salary increased
Designation as alternate reprecentative of
FRBanks to witness mutilat;oh of
signature plates
Smead, E. L.:
Building facilities for branches of FRBanks,
to prepare memo on expanding space needs
Check routing symbol plan, to attend meeting
of System Committee on Collections re
FRnotes, memo re use of Hawaiian overprinted
in South Pacific
Loans Committee, to act as Administrator
Smith, Jewell B., secretary to Mr. Smead,
salary increased
Statistical work done by, letter to Representative
Robert F. Jones
Trott, Sarah Louise, secretary to
Horbett,
salary increased
- alker, F. A., senior clerk, salary increased
.erner, Dorothy, clerk-stenographer, salary increased
Luvision of Examinations:
Adams, Carl V., Assistant FRExaminer, travel
expenses for first half of June and
additional expenditure for roomette
approved
Salary increased
Branches of International Banking Corporation in
Paris, representatives authorized to
inquire of State Department re approval of
Bugg, Lawrence H., Assistant FRExaminer, appointment
on temporary basis and salary approved,
headquarters to be at Chicago, Illinois
Salary increased
Cagle, C. E., to cooperate with Mr. Brown of FDIC
Chamberlin, R. B., FRExaminer, salary increased
Chelberg, Nancy Lee, stenographer, appointment on
temporary basis and salary approved
Granted leave without pay because of illness
Clement, Rita M., stenographer, ap2ointment on
temporary basis and salary approved
Temporary appointment terminated
Assistant FRExaminer, travel expenses
Cooke, R.
far first half of June and additional
expenditure for roomette approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/ 1
1
7/15 1101
7/15 1101
12/ 1 1777
12/18
1899
12/29 1957
6/ 1
3/ 9
271
392
7/15 1121
8/ 2 1139
11/ 1 1645
7/15 1101
11/ 1 1645
6/28 1037
12/15 1875
8/ 2 1193
427
3/17
12/15 1876
8/ 5 1210
8/ 5 1203
8/ 2 1186
10/23 1610
2/ 1
153
4/ 5
534
6/22 1007
272
Pages
of Do;.rd
of Governors: (Continued)
Division of Examinations: (Continued)
Grause, Charles G., appointment as examiner on
temporary basis and salary approved,
headquarters to be at St. Louis
Grays, Dwight L., FRExaainer, resignation accepted
Daniels, Mortimer B., appointed FRExaminer for
balance of 1944
Doris, Frederick A., Assistant FRExsuiner, appointment
on temporary basis and salary approved,
headquarters at Chicago, Illinois
Resignation accepted
Eaton, Charles, Assistant FRExaminer,
resignation accepted
Emde, George, FRExaminer, appointment on
temporary basis and salary approved
Resignation accepted, no deduction to be
made for unaccrued annual leave taken
Fischer, Charles E., Assistant FRExaminer,
salary increased
Goodman, Glenn M., FRExaminer, salary increased
Hagler, Herbert H., Fanxaminer, reinstatement in
position after termination of leave for
military service and salary increase
approved
Highi'ield, C. R., Assistant FRExaminer, travel
expenses for first half of June and
additional expenditure for roomette approved
6n1ary increased
Hostrup, Clarence C., FRExaminer, salary increased
4enyon, Kenneth, appointment as assistant examiner
on temporary basis and salary approved,
headquarters to be at la.shington, D. C.
Kiley, John N., Jr., Assistant FRExaminer,
salary increased
Koenig, Mrs. Adele, stenographer, resignation accepted
Krug, Harold T., Assistant FRExaminer, resignation
accepted to enter U. S. Army
Lamb, Mrs. Ruth) clerk-typist, transfer to Division
of Personnel Administration as clerk
assigned to Reserve Board Club as librarian
Lang, Arthur H., FRExaminer, salary increased
Lassen, illiam B., Assistant FRExaminer, appointment
on temporary basis and salary approved,
with headquarters at Chicago, released
by FRBank of Chicago
Salary increased
Leaman, Virginia E., stenographer, appointment on
temporary basis and salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/29 1043
5/ 6
721
5/
3
698
2/17
258
11/16 1703
11/21
1727
5/22
809
10/24 1614
12/15
8/ 5
1876
1203
5/27
.E37
6/22 1007
12/15 1876
8/ 5 1203
7/14
1097
12/15 1176
1/ 7
44
1/ 4
7
5/ 1
12/15
691
1875
2/25
297
12/15 1876
12/
7 1819
273
Pages
6taff
Of Board of Governors: (Continued)
uivis.Lon
of ExaminatiQLs: (Continued)
Lyster, Elmer W., Assistant FRExaminer, salary increased
Matheny, Rodman C., Je., Assistant FRExaminer,
resignation accepted
:attare, Giovanna LI., stenographer, appointment on
temporary basis and salary approved
Resignation accepted
L:cClelland, V. Jo, FRExaminer, salary increased
:.ledeiros, Mrs. Lulu C., clerk-stenographer, retirement
of, full annual leave for year granted
E. R., FRExaminer, additional expenditure
for roomette approved
Salary increased
Voucher approved for travel expenses and
additional expenditure for compartment
Morgan, Ross
Assistant FRExaminer, salary increased
Resignation accepted
Murff, G. R., travel expenses for first half of
June and additional expenditure for
roomette approved
Salary increased
Newcome, Elnyr D., secretary to Mr. Cagle,
salary increased
Paulger, Leo:
Auditors' Conference, topics to be submitted to
Authorized and directed to conduct examinations
of FRBanks for 1945
Per diem increased from 46 to
for examiners 7,ho
participate in examination of FRBanks and
branches
Per diem of '1,7 to be continued during 1945
Piper, Robert L., messenger, salary increased
Piton, Phillip P., Assistant FRExaminer, appointment
on temporary basis and salary approved,
with headquarters at Chicago, Illinois
Travel expenses for first half of Junt-, and
additional expenditure for roomette apnroved
Resignation accepted
Porter, Joseph H., FRExaminer, resignation accepted
Porter, Mrs. Laney R., clerk-stenographer,
salary increased
L;,
- dford, John R., Jr., FRExaminer, salary increased
Lext-)L, Norma IA., stenographer, appointment on
temporary basis and salary approved
:3hrLder, Mary B., stenographer, appointment on
temporary basis and salary approved
Resignation accepted
Skees, Laurence E., examiner, leave of absence
without pay extended
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/ 5
1203
7/20 1128
6/21
8/31
12/ 8
1001
1306
1825
8/29
a:'90
719
5/5
8/ 5 1203
9/ 4 1320
505
3/30
10/19 1593
6/22 1007
12/15 1875
8/ 5 1203
2/18
268
12/15
1879
2/ 4 172
12/14 1867
6/19
989
3/ 4
363
6/28 1037
11/20 1720
1/ 3
48
12/ 7 1.19
8/ 5 1203
7/25
1140
7/14
11/25
1097
1746
V25
1284
274
Pages
of Board of Governors: (Continued)
iDivision of Examinations: (Continued)
Sloan, George S., FRExaminer, salary increased
Smith, Carl A., Assistant FhExaminer, salary increased
Smith, J. C., FRExaminer, travel expenses for
first half of June and additional
expenditure for roomette approved
Salary increased
Taylor, John -11.3 Assistant FRExaminer, salary
increased
Thompson, Andrew N., FRExaminer, salary increased
Troup, F. W., title changed from Assistant
FRExaminer to FRExaminer and salary
increased
Travel expenses and additional expenditure
for drawing room approved
Salary increased
.Vai.uchope, Mrs. Elizabeth B., stenographer,
appointment made permanent, with no
change in salary
Resignation accepted
ilburn, Adolphus D., Assistant Fxa-,iner,
resignation accepted, refund to be
made for unearned sick leave
'tinhorns, George, Assistant FRExaminer, appointment
on temporary basis and salary approved
Travel expenses for first half of June and
additional expenditure for roomette approved
Salary increased
ise, Mrs. Aubrey C*3 stenographer, appointment on
temporary basis and salary approved
accepted
bright, Marion E., Assistant FRExaminer,
resignation accepted
Young, it. R*3 employee of FRBank of Kansas City,
voucher for travel expenses and additional
expenditure for roomette approved in connection with examination of Salt Lake City
branch
Di ision of Personnel Administration:
Aliens, employment of, information to be obtained
from FBI and proper recommendation to be
made to Board
Allen, Dwight L., Personnel Technician,
salary increased
Bangs, Olga 'A., Interviewer, salary increased
Salary increased
Braden, Mrs. Helen, nurse, salary increased
Brunner, Ulfred a., Personnel Technician, appointment on tariporary basis and salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/ 5 1203
8/ 5 1203
6/28 1037
12/15 1875
12/15 1876
359
3/ 3
3/30
505
7/24 1138
12/15 1875
2/10
6/15
187
966
6/14
963
4/25
658
6/28 1037
12/15 176
a l'
1
6Resignato 2
2/10
187
7/13 1094
2/15
244
9/26 1488
6/30 1051
9/14 1366
787
5/18
4/12
567
275
Pages
board of Governors: (Continued)
'Division of Personnel Administration: (Continued)
Fishburn, Judith, former employee, re,.,uest for
classified status, letter sent to Civil
Service Commission
Hardesty, irs. Edna B., substitute nurse, appointment
and daily compensation approved, not to be
member of retirement system
Resignation accepted
Jarvis, auth, maid, special physical examination,
payment of bill approved
Johnson, Herbert A., Administrative Assistant,
salary increased
Johnson, Mrs. Virginia Id., leave clerk,
resignation accepted
Lamdb, iir. Ruth, clerk assigned to lieserve Board
Club as librarian, transferred from
Division of Examinations
Leonard, R. F.:
Conference of directors of personnel of
FaBanks, to attend
Deferment of pre-Pearl Harbor fathers, memo on
Designated as representative to meet with
Civil Service CoDallission to discuss
drafting of regulations for Veterans
Preference Act of 1944
Manpower problem of member banks, to be discussed with Comptroller of the Currency
and FDIC
Overtime payments, to confer with committee
of Presidents' Conference on
To discuss applicability of Fair Labor Standards
Act to FRBanks with :cage and Hour Division
Moore, June A., clerk-stenographer, salary increased
O'Connell, Mrs. Catherine Elizabeth, substitute nurse,
appointment and salary approved, not to
become member of retirement system
Paquin, Virginia (Mrs. Virginia M. Johnson),
leave clerk, resignation accepted
Poundstone, Mrs. Florence, clerk, granted leave
without pay for jLnuary 14 - iitarch 15,
not to continue contributions to
retirement system
Leave of absence without pay extended
because of illness
Salary increased
Shock, Dorothy M., secretary to Mr. Leonard,
salary increased
Steadman, Helen L., clerk-typist, salary increased
and appointment made permanent
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/20
799
2/24 290
10/ 9 1545
7/19 11_27
11/30 1756
s/2
695
5/ 1
691
11/ 9 166
1/ 6
7/15
1116
4/14
573
10/11
1556
12/:6 1940
6/30 1051
11/ 2 16.49
5/2
695
1/11
56
3/17 429
11/30 1756
6/30 1051
4/25
660
276
Pages
Staft' of
Board of Governors: (Continued)
Division of Personnel Administration: (Continued)
Stone, Harry B., Personnel Technician, salary increased
Underwood, Evelyn, leave clerk, transferred from
Secretary's Office, with no change in salary
Salary increased
N.
Westergren, Ruth A., Personnel Clerk, salary increased
uivision of Research and Statistics:
Adler, J. Hans, Economic Specialist, appointment
on temporary basis and salary approved
Appointment as economist on temporary basis
and salary at former rate as economic
specialist approved
Loaned to Navy Departwent for research project
Axelbank, Lucy, clerk, appointment on temporary
basis and salary approved
Extension of appointment with no change
in salary
&ch, G. L., economist, granted leave of absence
without pay to enter U. S. Naval Reserve
Baird, Frieda, Associate Economist, salary increased
clerk, resignation accepted
Barco, Mrs. Jane
Barnett, Lucille, clerk, salary increased
Transferred to Division of Security Loans,
with no change in salary
Beers, Mrs. Anna G., c1erk7stenographer, granted
further extension of leave without pay
for three months, contributions to
retirement system to be continued
Granted further extension of leave without pay,
contributions to retirement system to be
continued
Granted further extension of leave without pay,
contributions to retirement system to be
continued
Resignation accepted
Bernstein, Doris B., research assistant, salary
increased
ftesignation accepted
Bettaan, Alfred, special consultant, adjustment to
be made for unexpended portion of authorized
salary, for completion of work in 1944
Blake, Bonnie Beth, clerk, appointment and salary
approved
Blythy Mary Deanne, clerk, salary increased
Resignation accepted, deduction to be [dade
for un3arned annual leave
Bourneuf, Alice E.:
International conferences on monetary fund
and bank, at Atlantic City on June 15,
requested to be member of technical staff
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/21
1272
9/ 8 1345
1 1/ 1 1646
6/30 1051
6/ 3
878
10/23 1609
11/22 1729
7/10 1080
11/11
1676
4/28
672
2/16
253
3/28
492
9/16 1383
12/19 1908
1/22
113
4/15
591
6/16
972
8/10 1224
6/30 1051
„
9Th 1/E4
3/17
427
9/1 1428
590
4/15
7[21 111
6/10
943
277
Pages
Staff
Of Board of Governors: (Continued)
Division of Research and Statistics: (Continued)
Bourneuf, Alice E.: (Continued)
Salary as Associate Economist, increased
Salary as economist increased
To attend Treasury meeting for consideration
of draft of enabling legislation re
Bretton Woods agreement
Bramlet, Phyllis, clerk-stenographer, appointment
on temporary basis and salary approved
Brehl, Gertrude A., clerk, appointment and salary
approved, subject to release from
Treasury Department
Brent, Mrs. Llizabeth Faulkner, clerk, appointment
on temporary basis and salary approved
aesignation accepted
Brooks, Ruth, i.thtLñistrative clerk, salary increased
Leave granted because of illness, annual
and sick leave to be used and remainder
to be taken without pay
Brownson, Mrs. Helen L., bilingual clerk-stenographer, appointment and salary approved
Burgess, Caroline M., libr;-,-y assistant,
salary increased
Cale, Mrs. Caroline Hammill, junior economist,
leave without pay extended
Resignation accepted, arrangement for parttime position to be considered later
Appointment on part-time basis for temporary
period and salary approved
Carey, Robert D., economist, appointment and
salary apnroved
Carver, Mary L., clerk-typist, appointment on
temporary basis and salary approved
clerk, appointment on temporary
Coffman, Alice
basis and salary approved, not to become
member of retir.Jment system
Resignation accepted
CoLtinett, Grace L., clerk-stenographer, salary
increased
Cox, Florence R., cleric-typist, salary increased
Leave of absence granted for three months,
partly to be covered by annual leave
and remainder by leave without cay
Resignation accepted and deduction to be
made for overdrawn sick leave
Reappointment and salary approved
Cra7,ford, John M., economist, salary increased
Crews, Mrs. Esther G., clerk, transferred from
Secretary's Office, with no change in
salary
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/15
10/20
5(-)0
1635
12/ 7 1816
5/6
721
8/23 179
6/ 7 91?
8/16 124:;
3/16
423
12/14
1866
1/20
105
9/ 6
13;5
4/25
661
8/ 8 1214
9/ 2 1311
8/25
1284
3/14
411
6/26 102
9/ 6 1326
7/31
1/31
1180
151
6/12_
953
9/30 1505
10/24 1613
8/29 1290
6/14
963
278
Pages
of Board of Governors: (Continued)
'A-vision of research and Statistics: (Continued)
Cron, Mrs. Zelpha, clerk, appointment .i,nd salary
approved
Transferred to Division of Bank Operations,
with no change in salary
Currie, Lauchlin, leave of absence, arrangement
not to be continued after January 16
Letter of appreciation upon termination
of services, approved
Daubenfeld, Mrs. Margaret P., clerk-typist,
appointment on temporary basis and
salary approved
Resignation accepted
Davidson, Geraldine L., clerk-stenographer,
transferred from Secrc-tary's Office
with no change in salary
Salary increased
Davis, Mrs. Alice L., clerk-stenographer,
resignation accepted
Reappointment and salary approved
DeLaria, Concetta, clerk-stenographer,
appointment and salary approved
J., economic specialist, extension
Hans
Dernburg,
of appointment and increase in salary
approved
Dirks, Frederick C., economist, salary increased
Demur, Lvsey D., associate economist, appointment
made permanent and salary increased
Dove, Ruby S., clerk-stenographer, salary increased
Driver, Mrs. Sue, clerk, granted leave without
pay because of continued illness
Resignation accepted, reimbursemen-, to be
obtained for unearned sick and annu,
leave
Economic research and statistical work, letter
to Representative Robert F. Jones re
Economists and analysts, information re employment
by Board, sent to Mr. Howard W. Smith
Edwards, Mary H., clerk-stenographer, salary increased
Ellis, Howard, appointment extended and salary
approved for continuance of work on
State Department project
Engel, Doris, clerk-stenographer, salary increased
Salary increased
Ernst, Rosa, research assistant, salary increased
Lsser, Eleanor La., library assistant, salary increased
Evans, Ethel L., clerk, salary increased
Faulkner, Kathryn Stevens, clerk, salary increased
Fauteux, Blanche D., clerk, salary increased
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/24
290
8/ 9 1220
2/19
270
2/25
298
1/25
4/29
133
622
10/ 2 1508
11/ 1 1645
481
3/27
7/25 1140
11/ 7 1665
4/ 5
4/25
533
660
2/12
11/ 1
219
1645
6/24 1016
s/ 3 1194
8/ 2 1189
9/23 1482
7/31 1180
5/ 9
1/10
7/31
9/16
9/ 6
9/16
7/31
7/31
732
53
1180
1383
1325
1383
1180
1181
279
Pages
4Eff
of BoLrd of Governors: (Continued)
Division of Research and Statistics: (Continued)
Ficks, Louis G., requested to attend international
conference for stenographic assistance
Foas Bruno, appointment extended and salary approved
for continuance of work on State Department
project
Frase, Eleanor S., economist, salary increased
Freedman, Loretta, clerk, appointment on
temporary basis and salary approved
Furth, J. Herbert, economic specialist,
extension of appointment approved
Garber, Margaret R., clerk, salary increased
Gardner, Walter R.:
Lem° re developments in connection with
United Nations Bank
Mentioned by lir. Vihite as possible member
of international conference staff
Requested to be member of technical staff
at international conferences on monetary
fund and bank
Salary as senior economist increased
Title changed to Chief, International Section
To attend Treasury meeting for consideration
of draft of enabling legislation re
Bretton Woods agreement
To receive reports from V,ar Department of
material re banking studies
Garfield, Frank ft., economist:
Advance of sick leave covering period
September 2-13 approved
Domestic Business Section, to aid in collection
of statistics on industry and trade by
Department of Commerce, letter to ir. Jones re
Gerschenkron, Alexander, economic specialist,
appointment on temporary basis and salary
approved, subject to satisfactory report
from FBI
Letter from Mr. Hoover considered satisfactory
check with FBI
deference to appointment without report from FBI
To prepare report re Russian trade for.'
Office of Strategic Services
Goldemeiser, E. A.:
Chairlaan of System Advisory Research Committee,
mattx to be referred to Lir. Williams to
work out with
Chairman of System Advisory Research Committee,
to serve as
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/10
944
5/9 732
9/16 1383
9/9 1219
L/5
533
3/ 1
350
1/13
68
5/31
955
6/10
1/29
2/3
943
147
16
12/ 7 1816
12/27 1951
10/14 1570
4/ 5
544
1/ 7
2/2
2/15
156
244
6/29
1048
2/29
328
3/ 9
34
230
Pages
StL.ff
Of Board of Governors: (Continued)
Jiviz--tm of Reaearch and Statistics: (Continued)
Golden;:eiser, E. A.: (Continued)
Currency increase, statement re at meeting
of FAG with Board
Interest rate level, draft of statement as
to continuance of, to be prepared by
Memo on postv,ar economic program, study
approved as FRSystem project
Mentioned by Mr. tithite as possible member
of international conference staff
Monetary fund, memo in answer to criticisms
by Senator Taft, sent to FRBanks
Memo on Senator Taft's Criticisms, letter to
FRBank of Atlanta on distribution of
Payment of expenses at International
Monetary Conference approved
Re.iuested to be member of technical staff
at international conferences on
monetary fund and bank
Suggested as chairman of committee on
research activities
To attend Treasury meeting for consideration
of draft of enabling legislation re
Bretton Voods agreement
Gomberg, Eugene L., research assistant, appointment
on temporary basis and salary approved
Gould, -Iris. Ruth F., clerk, appointment on
temporary basis and salary approved
Grimes, Katheryn E., clerk, appointment on
temporary basis and salary approved
Resignation accepted
Grove, David L., associate economist,
appointment and salary approved
Authorized to proceed to Paraguay and other
points in South America to assist Mr.
Triffin, per diem approved
Trip to South America, letter and memo of
instructions re approved
Instructed to proceed to Uruguay
Voucher for expenses and special item for
dinners in connection with South America
assignment approved
Grunwell, Helen R., draftsman, salary increased
Gumbart, Mary, junior economist, salary increased
Haberler, Gottfried, arrangement for special work
and daily compensation plus traveling
expenses and per diem approved for
continuance of work on State Department
project
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/15
774
2/11
197
5/31
858
5/31
855
7/29
1166
8/15
1244
7/27
1149
6/13
943
2/26
336
7 1816
10/ 7
1533
8/ 4 1200
532
'/5
9/ 6 1326
2/28
312
7/ 4 1066
7/15 1107
8/18 1262
11/16 1704
7/31 1180
3/22
464
V 9
732
281
Pages
Staff
of Board of Governors: (Continued)
Division of Research and Statistics: (Continued)
Hagen, Everett E., associate economist, services
loaned for period not to exceed six ieeks
to Bureau of Labor Statistics, to remain
on Board's pay roll
Sdary as economist increased
Hall, Jane, clerk, salary increased
Halvorsen, Ruth Jean, clerk, appointment on
temporary basis and salary approved
Salary increased
Hamm, Agnes, clerk-stenographer, salary increased
HammiLl, Caroline (Mrs. Cagle), junior economist,
leave without pay extended
Hansen, Alvin H.:
International stabilization plan, opinion on
Lientioned as possible member ef international
conference staff
Requested to be member of technical staff
at international conferences on
monetary fund and bank
Statement to Board re Mr. Bissell in connection
with appointment at FRBank of Boston
Haraldson, V.esley C., temporary assignment to work
on survey of bank deposits and salary
arrangement with FRBank of New York approved
Appointment and salary as economist approved,
arrangement with MBank of Nev York to
continue until June 30
Reimbursement to FRBank of New York for loan
of services
Harley, C. it., junior economist salary increased
Harrington, Mary Jane, economic assistant,
salary increased
Salary increased
Hermberg, Paul, economist, temporary appointment
extended for year and salary increased,
after review of case
Hinshaw, Randalleconomist, salary increased
Hopkins, Ernest J., economic specialist, appointment
on temporary basis and salary approved,
not to become member of the retirement
systeu
Hough, Margaret, clerk-stenographer, resignation
accepted
Johnson, Elise L., clerk-stenographer, appointment
on temporary basis and salary approved
Johnson, Mrs. Frances Leone, clerk-typist, appointment
on temporary basis and salary approved, to
be member of Civil Service retirement system
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
391
3/ 9
12/16 1882
7/31 1181
522
4/ 3
7/31 1181
7/31 1180
4/25
661
6/ 6
895
5/31
855
6/10
943
10/ 5
1519
3/17
428
6/ 3
S78
9/18 1411
1/31
151
1/28
142
11/23 1733
7/29
6/16
1157
971
11/15
17._X)
4/25
661
3/11
402
10/18
1594
282
?ages
Starr
Of Board of Governors: (Continued)
Division of Research and Statistics: (Continued)
Jones, Mrs. Ruth, clerk-stenographer, salary increased
Knapp, J. Burke, Assistant Head of International
Section, deferment from military service
for six months requested
Attendance at international conference,
possibility of
Suggested to serve as secretary of committee
at international conference at Bretton hoods
Leaned on reimbursable basis to State Department
pending completion of arrangements for
appointment there
Resignation accepted
Krauss., 1:1rs. Mary S., clerk-typist, salary increased
Laursen, thrs. Agnete, research assistant, granted
advance of sick leave and leave without
Pry
b-lary as economist increased
Leatnerwood, Lois M., clerk-stenographer,
appointment and salary approved
Leverton, iLrs. Louise E., clerk-stenographer,
additional leave without pay granted,
z7nd reemployment after maternity leave
approved
Salary increased
Transferred to Division of Security Loans
as secretary to r. Parry
Linkins, art,. Ann, clerk, appointment made
permanent, with no change in salary
Salary increased
Logue, Ruth, economic assistant, appointment on
temporary basis and salary approved, in
accordance with policy during war period,
after discussion of physician's report
Loyd, Isabel D., clerk-stenographer, appointment
- roved,
on temporary basis and salary ap:,
if personal interviev, satisfactory
Lubell, Harold, economic assistant, appointment
on temporary basis and salary approved,
after discussion of high entrance salary
and selective service classification
Lupton, Helen A., draftsn.an, salary increased
Laarcou, Pauline, clerk, salary increased
Ilarlowe, Ernest, messenger, resignation accepted
McCormick, Mary Patricia, draftsman, appointment
on temporary basis and salary approved
McLaughlin, Leila L., clerk-typist, appointment
on temporary basis and salary approved
Ftesi_nation accepted, reimbursement to be
obtained for unearned annual leave
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/16
423
3/ 4
365
6/10
945
6/19
985
8/ 8 1214
9/ 4 1319
590
4/15
6/17
9/16
977
1383
7/ 3 1059
36L
3/ 4
7/31 1180
8/ 5
l'.04
%63
3/22
7/31 1181
5/ 5
705
5/13
750
510
3/31
7/31 1180
5/ 9
735
953
6/12
10/ 7 1539
6/13
958
0/16
1245
283
Pages
?f Bord of Governors: (Continued)
DIvision of Research and Statistics: (Continued)
-elanson, Cecil, draftsman, salary increased
".4endershausen, Horst, resignation accepted
Reap,Jointm.2nt as economist on temporary basis
and salary with payment of traveling
expenses approved
Metcalf, Margaret G., draftsman, resignation accepted
Metzler, Lloyd A., associate economist, appointment
on temporary basis and salary approved,
after discussion of high entrance salary
Mills, Margaret F., clerk-stenographer, salary increased
Salary increased
Montealegre, Eduardo L., South American Specialist,
appointment extended and salary increased
Extension of appointment for one year and
increase in salary approved, letter re
sent to draft board
Lorene, M_lellyn, research assistant, salary increased
Murphy, Mary Margaret, clerk-typist, appointment
on temporary basis and salary approved
Appointment made permanent
Myer, Mrs. Eleanor, secretary to 1:ir. Currie,
leave of absence, arrangement not. to
be continued after January 16
Nelson, Elsie T., clerk, salary increased
Nettz, Priscilla Deane, clerk, alTointment on
temporary basis and salary approved
Newton, James Harvie, messenger, salary increased
Painter, lAry S., junior economist, appointment
on temporary basis and salary approved
Postwar economic program, memo of Mr. Goldenweiser
re progress, procedure for discussion of
papers re
Rackstraw, Elsie, librarian, resignation accepted
Racz, Mrs. dmofred, clerk, resignation accepted
Reappointment and salary approved
Salary increased
Reed, Samie, messenger, transferred from Secretary's
Office, with no change in salary
Reeves, Mrs. Dorothy D., secretary to Mr. Goldenweiser, salary increased
Reil, Katharyne P., economist, salary increased
Rice, Violet Lay, clerk-stenographer, salary increased
Granted leave of absence without pay to enter
U. L. Marine Corps, (calen's Reserve
Richards, Louise, clerk-typist, salary increased
Robinson, Harvey A., clerk, salary increased
Rose, Cornelia B., Jr., economist, salary increase
ap,roved after discussion of need for
special work
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/31
1180
4/ 5
534
9/18 1410
6/28 1336
3/31
2/ 1
11/ 1
510
154
1645
8/12 1232
12/16 1881
11/23 1733
:)52
6/12
9/11 1356
2/19
3/ 1
270
350
10/20
3/ 1
1604
350
in//^n
288
10/ 5
1522
938
1/ 3
48
3
523
7/
//3_ 1181
6/ 9
7/ 1
1055
15
3/
/'
6
5 1L
'
3
/115
590
10/24 1612
7/31 1180
3/ 1
350
12/ 1 1772
284
Pages
Staff of
Board of Governors: (Continued)
Division of Research and Statistics: (Continued)
Sahm, Grace R., draftsman, salary increased
Sailor, Mrs. Marguerite, clerk-stenographer, appointment on temporary basis and salary approved
Resignation accepted
Sassani, Mrs. Virginia P., clerk, appointment
made permanent and salary increased
Resignation accepted
•
Schiller, Lillian H., clerk-stenographer,
salary increased
Seligman, Harold L., junior economist, salary increased
Resignation as economist accepted
Sette, Mrs. Elizabeth B., economic assistant,
salary increased
Shaffer, E. Marian, clerk-stenographer, appointment
extended, with no change in salary
Resignation accepted
Sherrill, Vera Myers, library aid, salary increased
Shupe, Cora Jean, library assistant, salary increased
Simms, Mary Margaret, clerk-stenographer, resignation
accepted, advanced sick leave to be charged
to accrued annual leave
Slobins, Nogeh N., clerk, appointment on te:aporary
basis and salary ap)roved
Stettner, lAalter F., economist, appointment made
permanent and salary increased
Stevens, Dorothy M., clerk-stenographer,
salary increased
SutherlLnd, Alvern H., librarian, appointment and
salary increase approved
L7:indlehurst, Alice, clerk, salary increased
Tamagna, Frank M., arrangements on part-time basis
for assisting Board in State Department
studies re Japanese reparations, approved
Voucher for travel expenses pursuant to
arrangement approved
Tewksbury, Elizabeth P., clerk, salary increased
Thomas, 'i.00dlief, Assistant Director, report by
House Committee on Postwar Economic Policy
and Planning, to aid in preparation of
Thorne, i4.ende1l E., economist, salary increased
Triffin, tobert, associate economist, salary increased
Return to Paraguay for completion of - ork, with
stops at Colombia, Chile, and Brazil,
approved, second man to be appointed
as assistant, and per diem approved
Authorized to visit Costa Rica on way to
Paraguay and to consult with Mr. Julio Pena
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/31 1180
2/ 8
4/12
178
568
2/ 7
174
423
3/16
11/ 1 1645
350
V 1
8/30 1295
5/16
779
2/26
3/11
309
403
9/ 6 1325
1325
9/ 6
1/18
95
1428
7/ 8
1077
7/31 1180
6/15
966
7/131 1180
10/ 7 1_39
10/24 1616
9/16 1383
6/19
'390
7/ 3 1060
1/29
147
3/ 7
373
3/20
439
285
Pages
4,Fiff
of Board of Governors: (Continued)
Jivislon of Research and Statistics: (Continued)
Triffin, Robert: (Continued)
Advance of funds for expenses of South American
trip, approved
Increase in funds advanced for South American
trip, approved
To visit Costa Rica to advise on monetary
policy, letter to Senor Pena
South American project, telegram re
legislative recommendations
Salary as economist increased
Continuance of ,Aork in Uruguay, 2.rgentina,
brazil, and Costa Rica approved, to
be guided by American Embassy
Letter of appreciation from Banco de la Republica
del Paraguay for services, permission requested
for payment of Mrs. Triffin's expenses, State
Department and Paraguayan Embassy to be consulted
Per diem of 48 for assignments in Latin ,AdAerica
increased to VO
Trueblood, Lorman C., economist, salary increased
T .allce, Mrs. Elise J., clerk-stenographer,
;
resignation accepted, deduction to be
made for unearned annual leave
l'salz, Hazel, library assistant, resignation accepted
,argula, Martha Rose, clerk, appointment on
temporary basis and salary approved
arner, Mrs. Doris P1,-;ss, junior econom;st,
salary increased
eaver, Mrs. Mary F., clerk, appointment made
permanent, aith no change in salary
Salary increased
Aeiler, Emanuel T., economist, appointment and
salary approved
Salary increased
eissberg, belle, clerk, resignation accepted
thite, Mary, clerk, salary increased
Alliamson, irs. Bishop, clerk-stenographer,
resignation accepted
clerk, salary increased
Resignation accepted, deduction to be made
for overdrax.n annual leave
ood, Ramsay, economist, salary increased
v.iooster, Julia, junior economist, salary increased
Resignation accepted
Youngdahl, G. Richard, associate economist,
salary increased
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/1
520
4/5
545
7/22
1134
8/10
8/16
1226
1245
8/18
1261
10/17
1583
10/26
3/ 5
1627
1204
6/14
10/ 9
964
1545
10/:_,4
1613
5/16
779
3/22
463
7/31 1181
7/24 1136
12/16 1882
7/31 1181
3/1
350
8/10 1224
7/31 1180
lo/ 9 1545
8/29 190
3/1
750
7/25 1141
4/15
590
286
Pages
Starr
of Board of Governors: (Continued)
Division of Security Loans:
Barnett, Lucill, clerk, transferred from Division
of Research and Statistics, :.ith no change
in salary
Blattner, George W., Special Assistant, ap-)ointinent
extended for period March 29-31
Contribution to retirement system of FRBanks
for April to be paid by Board, retirement
effective hay 1
Brotn, Bonnar, Assistant Director, title changed
from Administrative Assistant and salary
increased
Hall, Catherine A., research assistant, resignation
accepted
Leverton, Mrs. Louise E., secretary to Mr. Pc-airy,
transferred from Division of Research
and Statistics as clerk-stenographer,
with no change in salary
O'Hare, 1.irs. Florence C., secretary to Mr. Parry,
resignation accepted
Parry, C. E., paper entitled "Selective Instruments
of National Credit Policy" to be published
in FRBulletin
Llevator operators:
Mrs. Elizabeth D., appointment on temporary
basis and salary approved, to remain
member of Civil Service retirement system
Transfer from Secretary's Office to Division
of Administrative Services and salary approved
Brooks) Rae, salary increased
Dixon, Peggy I., salary increased
Resignation accepted
Reba, appointment on temporary basis and
salary approved
Elizabeth
M., appointment on temporary
Sheehan,
basis and salary approved
Transfer from Secretary's Office to Division
of Administrative Services and salary
approved
Tobler, Mrs. Nellie, appointment on temporary
basis and salary approved
Transfer from Secretary's Office to Division of
Administrative Services and salary approved
Employees with 25 years or more of service, discussion of
recognition to be given to, Personnel
Committee to review matter
14raployment of persons during war period, despite physical
condition
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/19 1908
3/11
403
3/22
465
6/26
1023
10/21
1607
3/ 5 104
8/ 5
1204
12/22 1928
10/20 1604
11/14 1693
7/13 1090
13
1/5
6/15
967
1/ 6
31
8/22
1274
11/14
1693
6/26
1023
11/14 1693
3/21
443
5/5
705
287
Pages
Nxe
• Of Board of Governors: (Continued)
Fiscal .agent, transfer of functions to Division of
Administrative Services contemplated
Guards:
Anderson, E. F., Acting Captain, transfer from
Secretary's Office to Division of Administrative Services and salary approved
Annual leave, wartime regulations re accumulated,
to be continued Idthout change
Becke, Herbert E., salary increased
Resignation accepted, deduction to be made
to cover unearned sick leave
Deckins, Thomas R., salary increased
Salary increased
Transfer from Secretary's Office to Division of
Administrative Services and salary approved
Dial, Emmett, resignation accepted
Gardner, il1iam, appointment on temporary basis
and salary approved
Salary increased
Transfer from Secretary's Office to Division of
Administrative Services and salary approved
Hauser, Adam, salary increased
Transfer from Secretary's Office to Division of
Administrative Services and salary approved
F., resignation accepted, deduction
John
Horrian,
to be made for unearned sick leave
Hjde, nlliam, salary increased
Transfer from Secretary's Office to Division
of Administrative Services and salary
approved
Knauf, Fred, appointment on temporary basis
and salary approved
Resignation accepted
Lillard, Ephraim W., appointment on temporary
basis and salary approved
Resignation accepted
1agruder, Clinton, appointment on temporary
basis and salary approved
Myers, Clifford B., salary increased
Transfer from Secretary's Office to Division
of Administrative Services and salary
approved
Nichols, Charles R., salary increased
Transfer from Secretary's Office to Division
of Administrative Services and salary
approved
Norden, Leonard A., salary increased
Transfer from Secretary's Office to Division of
Administrative Services and salary approved
Salary increased
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/14 1689
11/14 1693
5/16
1/ 5
784
13
7/21 1130
13
1/ 5
7/13 1090
11/14 1693
312
2/28
112
1/22
7/13 1090
11/14 1693
10/19 1597
11/14 1693
5/12
745
1/19 1597
11/14
1693
1/ 1
1/11
1
57
7/ 7 1 075
10/ 6 134
6/ 3 '379
10/19 1597
11/14 1693
10/19 1597
11/14 1693
682'
4/29
11/14 1693
l'/14 1867
411
t3
288
Pages
Staff
Of Board of Governors: (Continued)
Guards: (Continued)
Parquette, Fred, resignation accepted
Transfer from Secretary's Office to Division of
Administrative Services and salary approved
Snouffer, Paul, transfer from Secretary's Office to
Division of Administrative Services and
salary approved
Salary increased
Steger, Karl J., transfer from Secretary's Office
to Division of Administrative Services
and salary approved
Salary increased
Stull, Howard, salary increased
Transferred to position of chauffeur and
appointment made permanent
Sullivan, David, salary increased
Senior Guard, transfer from Secretary's
Office to Division of Administrtive
Services and salary approved
Tr:ver, William J., appointment on temporary
basis and salary approved
Transfer from Secretary's Office to Division
of Administrative Services and salary
approved
Unger, B. M., Senior Guard, transfer from Secretary's
Office to Division of Administrative Services
and salary approved
,illiams, John T., promotion from laborer on
temporary basis and salary approved
Transfer from Secretary's Office to Division
of Administrative Services and salary
approved
Resignation accepted
Laborers:
Annual leave, wartime regulations re accumulated,
to be continued without change
Carter, Robert, salary increased
Ratliff, Lee, appointment on temporary basis and
salary approved
Salary increased
Alliams, John T., appointment on temporary
basis and salary approved
to be recommended by Liss Sutherland
reorganization
Library,
Loan of employees:
Hagen, Everett E., Associate Economist in Division
of Research and Statistics, loan to
National War Labor Board for six weeks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/21
1607
11/14 1693
11/14 1693
12/14 1867
11/14
1?/ 1
5/16
1693
1777
779
9/14 1366
10/19 1597
11/14 1693
9/14
1:267
11/14
1693
11/14 1693
6/28
1036
11/14 1693
11/15 1700
5/16
784
7/13 1090
3/25
10/11
478
1554
6/15
565
966
3/ 9
391
4/11
289
Pages
of Board of Governors: (Continued)
essengers:
Dyson, Seaton, transfer from Secretary's Office
to Division of Administrative Services
and salary approved
Retention in active service on temporary basis,
with no change in salary approved
Hamilton, James F., salary increased
Jamison, Michael L., salary increased
Lane, Daniel F., salary increased
Newton, JEmes Harvi.e, salary increased
Finn, illiam E., salary increased
Piper, Robert L., salary increased
Reed, Lamle, salary increased
Tran„ferred to Division of Research and
Statistics from Secretary's Office,
with no change in salary
Negroes employed, report to Committee on Fair Employment
Practice
Nurses:
Braden, 1:ass. Helen, salary increased
Hardesty, Mrs. Edna B., substitute nurse, appointment
and daily compensation approved, not to be
member of retirement system
Resignation accepted
O'Connell, Mrs. Catherine Elizabeth, s-ibstitate
nurse, appointment and salary approved,
not to become member of retirement system
Office of the Chairman:
Benton, Madeleine, secretary to Mr. Thurston,
salary increased
Goepfert, Mabel, secretary to Mr. Clayton,
transferred from Counsel's Office
as secretary to Mr. 'itingfield
L:lary increased
Office of Mr. Draper:
Jamison, Idichael L., messenger, salary increased
Pauszek, Mrs. Margaret, stenographer, resignation
accepted, deduction to be made for un—
earned leave taken
°ffice of .1r. Evans:
Hamilton, James F., messenger, salary increased
°face of Mr. .:,cKee:
Hoffman, Dorothy B., stenographer, salary increased
Massey, E. Ralph, secretary, salary increased
°ffice of 1,1r. Szymczak:
Davey, Beverly J., stenographer, transferred from
Secretary's Office end salary increased
Retransferred to Secretary's Office,
with no change in salary
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/14 1692
12/ 6
7/28
8/21
7/28
3/ 1
11/ 1
6/19
1/11
1809
1152
1272
1152
350
7/ 1
1055
4/3
523
5/18
787
1646
989
56
2/24 290
10/ 9 1545
11/ 2 1649
1/18
95
1/13
5/9
78
734
8/21 1272
5/16
779
7/28
1152
9/26
9/26
1488
1488
6/28 1035
11/10 1672
II
291)
Pages
taff
of board of Governors: (Continued)
Office of Mr. Szymczak: (Continued)
Johnson) Dorothy R., secretary, salary increased
Salary increased
Lane, Daniel F., messenger, salary increased
Parkhill, Ferne M., stenographer, salary increased
Resignation accepted
Pages:
.ere,
Edith, salary increased
Transfer from Secretary's Office to Division of
Administrative Services and salary approved
Bowes, Airs. Ruth I., resignation accepted, deduction
to be made to cover unearned leave
Cauishron, Jean, salary increased
Transfer from Secretary's Office to Division of
Administrative Services and salary ap, roved
Lillard, Mrs. Nannie V., resignation accepted,
deduction to be made for overdrawn
annual leave
Mull, Reba, salary increased
Transfer from Secretary's Office to Divis'on of
,roved
Administrative Services and sE,1,:,ry
Llyers, Anna Mae, salary increased
Transfer from Secretary's Office to Division of
,,dministrative Services and salary approved
iteamey, Dorothy L., apl,oint.nent on temporary
basis and salary approved
Transfer from Secretary's Office to Division of
.1Adiainistrative Services and salary approved
Personnel procedures, effect of Veterans Preference Act
of 1944, pending issuance of new regulations
by Civil Service Commission
Removals:
Arnold) Ramona, cafeteria helper, separated from service
D'Aiutolo, August, cafeteria helper) separated from
service
Murphy) Mrs. Charlotte A., cafeteria helper,
separated from service
Rubin, ALax, maintenance mechanic, separated from service
Simi's, John R.) cafeteria helper, separated from service
larj increases, policy re, discussion of in connection
with increase for Miss Cornelia B. Rose, Jr.
‘
eoretary's Office:
Adaas, Mrs. Elizabeth D., elevator operator, appointment
on temporary basis and salary approved, to
remain member of Civil Service retirement system
Transfer to Division of Administrative Services
and salary approved
Allred, Frances Kapp, junior file clerk, salary increased
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/1
518
6/30 1051
7/28 1152
4/1
518
6/24 1016
8/14
1239
11/14 1692
5/19
796
8/14 1239
11/14
1692
4,
10/ 9 1544
6/26 1024
11/14 1692
8/14 1239
11/14 1692
10/18 1593
11/14 1692
8/12 1259
10/17 1590
5/26
(_-33
11/28 1753
4/20 67
1/31
151
12/ 1
1772
10/20
1604
11/14
1/15
1693
67
291
Pass
Staff
of Board of Governors: (Continued)
Zecretary's Office: (Continued)
Anderson, E. F., Acting uc,ptain of the Guard,
transfer to Division of Administrative
Services and salary approved
Andrews, Ruby 8., file clerk, salary increased
Arason, Mrs. Marylou, stenographer, reemploy,Lent
after absence on maternity le-ve and
salary approved
Transfer to Division of Administrative
Services and salary approved
Baker, S. E., Foreman Operator (Duplicating Devices),
salary increased
Transfer to Division of Administrative
Services and salacy approved
Ball, L. L., Assistant Supervisor, Telegraph
Section, transfer to Division of
Administrative Services and salary approved
Bare, Edith, page, salary increased
Transfer to Division of Administrative
Services and salary approved
Barnes, Bricen, junior mail clerk, salary increased
Transfer to Division of Administrative
Services and salary approved
Bass, Sampson H., Supervisor, Accounting Section,
salary increased
Transfer to Division of Administrative
Services and salary approved
Beach, Ida LI., cha.r.oman, salary increased
Transfer to Division of Administrative
Services and salary approved
Beale, Loretta D., junior file clerk, salary increased
Becke, Herbert E., guard, salary increased
Resignation accepted, deduction to be made
to cover unearned sick leave
Bell, J. Frank, chauffeur, salary increased
Transfer to Division of Administrative
Services and salary approved
Berntson, Paul H., clerk, resignation accepted
Berry, Benjamin D., mail clerk, salary increased
Transfer to Division of Administrative
Services and salary approved
Berry, Marjorie V., file clerk, salary increased
Bertolini, Mrs. Madalenal charwoman, granted leave
of absence without pay because of illness
Salary increased
Transfer to Division of Administrative
E2i.vices and salary approved
Betilea, L. P., Assistant Secretary, salary increased
To act as Secretary of Vvar Loans Committee
Transfer to Division of Administrative Services
as Director and salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/14 1693
4/9 622
9/n3 1477
11/14
1691
3/1
350
11/14 1691
11/14 1691
8/14 1239
11/14 1692
:115
248
11/14
1691
/
c./14
1:=39
11/14 1690
10/11 1554
11/14 1694
1/15
87
13
1/5
7/21 1130
590
4/15
11/14 1692
8/26 1:87
8/14 1239
11/14 1691
632
4/29
5/ 1 692
lo/11 1554
11/14
2/26
3/ 9
1694
309
392
11/14
160.9
292
Pages
Staff of
Board of Governors: (Continued)
Secretary's Office: (Continued)
Blash, John, painter, salary increased
Transfer to Division of Administrative
Services and salary approved
Bocuilis, Adela, clerk, transfer to Division of
Administrative Services and salary approved
Bogart, Mrs. Sidelle, file clerk, appointment on
temporary basis and salary approved
Salary increased
Boothe, '.00dley, General Mechanic, salary increased
Transfer to Division of Administrative
Services and salary approved
Bowes, Mrs. Ruth I., page, resignation accepted,
deduction to be made to cover unearned
leave
Breeden, Virginia C., file clerk, salary increased
Brooks, Rae, elevator operator, salary increased
Telephone operator, salary increased
Transfer to Division of Administrative
Services and salary approved
Brom, Mrs. Irene, charwoman, appointment on
temporary basis and salary approved
Resignation accepted
Brown, Mrs. Rushia E., telephone operator, appointment on temporary basis and salary aprroved
Appointment made permanent, with no change
in salary
Transfer to Division of Administrative
Services and salary approved
Brundage, Mary A., clerk, transfer to Division of
Administrative Services and salary approved
Carmichael, Elizabeth L., Printing and Publications
clerk, srlary increased
Transfer to Division of Administrative
services and salary approved
Carpenter, S. R., Assistant Secretary:
Destruction of records, memo re material in
files on previously approved destruction
lists
Duties outlined upon establishment of
Division of Administrative Services
Installation of additional telemeter circuit on
Chicago-ashington line approved, memo re
Salary increased
Carter, Robert B., laborer, appointment on
telaporary basis and salary approved
Salary increased
Transfer to Division of Administrative
Services and salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/27 1495
11/14
1693
11/14 1690
6/26 1023
11/28 1752
9/27 1495
11/1L
1693
796
5/19
682
4/29
7/13 1090
9/27 1495
11/14 1692
9/ 8 1345
10/27 1632
4/13
570
6/13
952
11/14 1692
11/14
1691
6/26
1024
11/14 1690
8/ 5 1212
11/14 1689
11/ 2 1652
2/26
309
12
1/5
7/13 1090
11/14 1694
293
Pages
Stztri,
Of Board of Governors: (Continued)
Secretary's Office: (Continued)
Caughron, Jean, page, salary increased
Transfer to Division of Administrative
Services and salary approved
stenographer, transfer to Division
Helen,
Conley,
of Administrative Services and salary approved
Constable, Frank W., Operator (Duplicating Devices),
salary increased
Transfer to Division of Administrative
Services and salary approved
Cock, Mrs. Helen E., file clerk, appointment on
temporary basis and salary approved
Salary increased and appointment made permanent
Cooke, Clara Ray, charwoman, salary increased
Transfer to Division of Administrative
Services and salary approved
Corbin, Sarah F., charwoman, salary increased
Transfer to Division of Administrative
Services and salary approved
Corcoran, Ruby C., file clerk, salary increased
Cra4ford, Gweneth, telephone operator,
resignAion accepted
Crews, airs. Esther G., file clerk, transferred
to Divis'on of Research and Statistics
as clerk, with no change in salary
Cro-,7e1], 'Jr,. Teresa, charwoman, appointment on
temporary basis and salary approved,
member of Civil Service retirement system
Transfer to Division of Administrative
Services and salary approved
Dalton, nargaret, charwoman, salary increased
Transfer to Division of Administrative
Services and salary approved
Davey, Beverly J., stenographer, salary increased
Transferred to Office of Governor
Szymczak, and salary increased
Retransferred from Mr. Szymczak's
office with no change in salary
Transfer to Division of Administrative
Services and salary approved
Davidson, Geraldine L., transferred to Division
of Research and Statistics as clerkstenographer with no change in salary
Davis, Marilyn, junior file clerk, salary increased
Deakins, Thomas R., guard, salary increased
Salary increased
Transfer to Division of Administrative
Services and salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/14 1239
11/14 1692
11/14 1691
4/29
682
11/14 1691
467
3/23
9/16 1382
10/11 1554
11/14 1694
10/11 1554
11/14 1694
4/29
682
3/27
481
6/14
963
10/13 1563
11/14 1694
10/11 1354
11/14
A/15
1694
590
6/28
1035
11/10 1672
11/14 1691
10/ 2 1508
87
1/15
13
1/ 5
7/13 1090
11/14 1693
294
Pages
Staff
Of Board of Governors: (Continued)
Secretary's Office: (Continued)
Deskin, Mrs. Attie L., charwoman, appointment made
permanent, 'Ath no change in salary
Salary increased
Resignation accepted
Deuterman, Mary A., clerk, salary increased
Dial, Emmett, guard, resignation accepted
Dixon, Peggy I., elevator operator, salary increased
Resignation accepted
Dodge, Mrs. Jane G., stenographer, appointment
and salary approved
Transfer to Division of Administrative
salary approved
Services
Dodge, ary J., file clerk, salary increased
Cove, rs. Grace K., Assistant Supervisor of
Files Section, salary increased
Special Supervisor, appointment on parttime basis and salary approved
Resignation accepted
Dyson, Nelson S., Operator (Duplicating Devices),
salary increased
Transfer to Division of Administrative
Services and salary approved
Dyson, Seaton, messenger, transfer to Division of
Administrative Services and salary approved
Eichelberger, Mrs. Agnes S., file clerk, resignation
accepted and reimbursement for overdrawn
sick leave waived
Enrico, Mary J., charwoman, salary increased
Transfer to Division of AdministratIve
Services and salary approved
Erickson, Dorothy A., clerk, salary increased
Granted leave of absence without pay for
period August 22-September 16
Granted extension of leave without pay
Transfer to Division of Administrative
Services and salary approved
Flagg, M. P., telegraph operator, salary increased
Transfer to Division of Administrative
Services and salary approved
Fletcher, Wilson T., Operator (Duplicating Devices),
salary increased
Transfer to Division of Administrative
Services and salary approved
Frances B., clerk-stenographer,
Mrs.
Florence,
salary increased
Transfer to Division of Administrative
Services and salary approved
Fowler, Preston L., laborer, salary increased
Transfer to Division of Administrative
Services and salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/20
106
7/13 1090
9/ 7 1337
2/15 248
2/28
1/5
6/15
312
13
967
9/ 7 1337
11/14
1/1':;
1691
87
2/12
219
L/15
10/16
1574
2/15
248
589
11/14 1691
11/14 1692
4/28
10/11
672
1554
11/14 1694
2/15
248
8/22 1274
10/ 2 1508
11/14
3/ 1
1691
350
11/14 1691
4/29
682
11/14
1691
11/14
1694.
11/14 1690
833
5/26
11/14 1694
295
Pages
Ltaff
Of Board of Governors: (Continued)
Secretary's Office: (Continued)
Fuqua, Mildred, junior file clerk, appointment on
temporary basis and salary approved
Appointment extended, with no change in salary
Resignation accepted, deduction to be made
for unearned sick leave
Gardner, illiam, guard, appointment on temporary
basis and salary approved
Salary increased
Transfer to Division of Administrative
Services and salary approved
Gjelhaug, itrs. Evelyn (Simpson), file clerk,
granted extension of leave without pay
previously granted by Personnel Committee
Granted extension of leave without pay, contributions to retirement system to be continued
Glotfelty, Joseph T., Jr., operating engineer, request
for six months deferment from military service
Salary increased
Transfer to Division of Administrative
Services and salary approved
Glover, Gladys, secretary to Mr. Carpenter,
salary increased
Goebel, Mrs. Vivienne O., stenographer, appointment
on temporary basis and salary approved
Appointment made permanent
Salary increased
Granted leave without pay
Transfer to Division of Administrative
Services and salary approved
Goodloe, Ida, Supervisor, Stenographic Section,
salary increased
Transfer to Division of Administrative
Services and salary approved
Griffith, Flora J., Chief Telephone Operator,
transfer to Division of Administrative
Services
Guice, Mrs. Annie, charwoman, appointment on
temporary basis and salary approved
Resignation accepted
Haltigan, Helen A., file clerk, salary increLed
Salary increased
iitzuond, Bray, to represent Board at conferences
re central Banking Program for Republic
of Paraguay
Salary as Chief of Correspondence and
Publications Section increased
Acknowledgment of letter from Mr. Eduardo
VillLsenor, Director General, Banco de Mexico,
re relationships bet“een central banks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/ 8
47
7/27 1147
8/19
1268
112
1/22
7/13 1090
11/14 1693
5/22
810
9/27
1495
57'22
6/12
810
952
11/14 1693
6/26
1024
186
2/10
559
4/10
9/27 1495
10/ 9 1544
11/14
1690
6/26
1024
11/14
1690
11/14 1692
94
1/18
148
1/29
87
1/15
9/16 1382
4/11
565
6/28 1035
9/30 1507
296
Pages
Staff
of Board of Governors: (Continued)
Secretary's Office: (Continued)
Hammond, Bray: (Continued)
Designation as Assistant Secretary and
salary approved
Hatch, Cora Lee, file clerk, salary increased
Hauser, Adam, guard, salary increased
Transfer to Division of Administrative
Services and salary approved
Higdon, Mrs. Margaret Lee, clerk—stenographer,
leave of absence for three months granted,
accumulated leave to be used and baance
to be without pay
Resignation accepted
Holden, Meunice K., file clerk, salary increased
Resignation accepted
Harrigan, John F., guard, resignation accepted,
deduction to be made for unearned
sick leave
Howell, Mrs. Ruby M., chamoman, appointment on
temporary basis and salary approved
Appointment made permanent
Huffman, Margaret C., stenographer, salary increased
Transfer to Division of Administrative
Services and salary approved
Hulen, Helen, clerk, appointment made permanent,
with no change in salary
Salary increased
Transfer to Division of Administrative
Services and salary approved
Hunter, Beatrice, file clerk, salary increased
Salary increased
Hurst, Donald, clerk, salary increased
Transfer to Division of Administrative
Services and salary approved
Hyde, illiam, senior guard, salary increased
Transfer to Division of Administrative
Services and salary approved
Johnson, Elizabeth, junior file clerk,
resignation accepted
Jones, Everett, laborer, transfer to Division of
Administrative Services and salary approved
Jones, M. Elizabeth, file clerk, salary increased
Jordan, E. P., operating engineer, appointment
made permanent, with no change in salary
Transfer to Division of Administrative
Services and salary approved
Kelleher, Joseph E., Administrative Assistant,
salary increased
Transfer to Division of Administrative
Services and salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/14 1689
4/29 682
10/19 1597
11/14 1693
5/27 838
8/ 5 1204
4/29 682
9/ 1 1309
5/12
745
4/29 681
6/28 1036
9/27 1495
11/14 1691
3/30 505
6/26 1024
11/14 1690
87
1/15
9/16 1382
;715 248
11/14 1690
10/19 1597
11/14 1693
1/26
1T1
11/14 1694
4/29
682
2/11
11/14 1403
4/15
590
11/14 1690
297
Pages
St4„ff
-
Of Board of Governors: (Continued)
Locretery's Office: (Continued)
ern, Harry E., Purchasing Clerk, salary increased
Transfer to Division of Administrative
Services and salary approved
Key, Mrs. Barbara 11.1 stenographer, appointment
and salary approved
King, Mrs. Cora, charwoman, appointment on
temporary basis and salary approved
Resignation accepted
Kline, William A., printing clerk, granted leave of
absence to enter active duty in U. S. Army,
leaves formerly granted for training courses
Knauf, Fred, guard, appointment on temporary
basis and salary approved
Resignation accepted
Kosunen, Mrs. Anna, charwoman, appointment on
temporary basis :nd sala:7 approved
Resignation accepted
1-.-mer, Fannie A., accounting clerk, salary increased
Transfer to Division of Administrative
Services and salary approved
Lerch, Lillie B., file clerk, salary increased
Lewis, John V., chauffeur, appointment on
temporary basis and salary approved
Transfer to Division of Administrative
Services and salary approved
Lillard, Ephraim W., guard, appointment on
temporary basis and salary approved
Resignation accepted
Lillard, Mrs. Nannie V., page, resignation accepted,
deduction to be made for overdrawn annual
leave
Lindamood, Charles D., operatinL engineer,
salary increased
Transfer to Division of Administr_tive
Services and salary approved
Lindsay, Anna, file clerk, appointment on
temporary basis and salary approved
Lipscomb, Anne, junior file clerk, appointment
made permanent and salary increased
Lrlary increased
MacDo7,e11, L. Dubose, clerk, reinstatement in
former position after termination of
military leave and salary increased
Transfer to Division of Administrative
Services and salary approved
/4acklin, James H., laborer, transfer to Division
of Administrative Services and salary
approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/ 1
350
11/14 1690
6/30 1050
833
5/26
7/13 1091
1/ 5
13
1/ 1
1/11
1
57
3/ 9
a1
1/ 5
391
518
13
11/14 1690
4/29 632
6/30 1050
11/14 1692
7/ 7 1075
10/ 6 1534
10/ 9 1544
6/12
952
11/14 1693
lo/12 1557
1/15
87
9/16 1302
11/ 1 1644
11/14 1690
11/14 1694
298
Pages
of Board of Governors: (Continued)
Secretary's Office: (Continued)
Magruder, Clinton, guard, appointment on temporary
basis and salary approved
Mail from Foreign Department of FRBank of New York,
to be addressed to
Maize, Margery D., file clerk, salary increased
Salary increased
liarch, 0. L., telegraph operator, transfer to
Division of Administrative bervices
and salary approved
May, Mrs. Geraldine, charvloman, appointment on
temporary basis and salary approved
Resignation accepted
Mayhew, Morris, gardener, transfer to Division of
Administrative Services and salary approved
McAllister, Emily A., file clerk, salary increased
McGarvey, Margaret M., file clerk, appointment on
temporary basis and salary approved
Mitchell, Mrs. Dolores B., stenographer,
appointment and salary approved
lesignation accepted
Moffett, Bruce L., supply clerk, transfer to
Division of Administrative Services
and salary approved
::.00n, Donald Vi.,- clerk, salary increased
Transfer to Division of Administrative
ervices and salary approved
norley, Madge, file clerk, appointment on
temporary basis and salary approved
Salary increased
Morley, Michael, laborer, salary increased
Transfer to Division of Administrative
Services and salary approved
Morrill, Chester, research personnel, procedure re
publications of, letter advising Presidents
to be drafted and submitted to Board by
Mull, Reba, elevator operator, appointment on
temporary basis and salary approved
Salary as page increased
Transfer to Division of Administrative
Services an,i salary approved
Murphy, Royal J., Marble Mason, transfer to
Division of Administrative Services
and salary approved
Myers, Anna Mae, page, salary increased
Transfer to Division of Administrative
Services and salary approved
?yers, Clifford B., guard, salary increased
Transfer to Division of Administrative
Services and salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/3
879
4/13 573
87
1/15
9/16 1382
11/14 1691
2/11
3/'-'?
242
492
11/14 169
1/15
9/ 5 132,1
6/30 1050
8/29 1291
Li/14 1690
13
1/5
11/14 1690
4/27 668
11/28 1752
5/26 233
11/14 1694
0/
9
385
1/6
6/26
31
1024
11/14
1692
11/14
8/14
1239
1693
1692
10/19 1597
11/14
11/14 169?
299
Pages
of Board of Governors= (Continued)
L ocretrry's Office: (Continued)
i:elson, F. A., Assistant secretary, salary increased
Transfer to Division of Administrative
Services as Assistant Director and
salary approved
Nichol, Charles R., guard, salary increased
Transfer to Division of Administrative
Services and salary approved
Ecrden, Leonard A., guard, salary increased
Transfer to Division of administrative
bervices and salary approved
Oms, Susie T., accounting clerk, transfer to
Division of Administration Services
and salary approved
Ott, H. M., Supervisor, Telegraph Section,
transfer to Division of Administrative
Services and salary approved
Pace, 1,:uriell telegraph operator, assignment on
temporary basis, Western Union Telegraph
Company to be reimbursed-for services
1- 1-,,uette, Fred, guard, resignation accepted
Transfer to Division of Administrative
Services and salary approved
Payne, Mrs. Della, charwoman, resignation accepted,
deduction to be made for overdrawn sick
leave
Peacock, Mrs. Blanche M., charwoman, appointment
on temporary basis and salary api,roved
Extension of appointment vdth no change in
salary, to become member of retirement
system
Transfer to Division of Administrative
Services and salary approved
Poeplel, Edna B., Supervisor, Files Section,
revision of files at FaBank of St. Louis,
to make trip to St. Louis for suggestions re
Voucher alp:roved for trip to St. Louis
and additional expenditure for bedroom
Pollard, V.ayne A., accountant, salary increased
Transfer to Division of Administrtive
Services -ad salary approved
Pool, .. S., telegraph operator, transfer to
Division of Administrative Services
and salary approved
Purcell, Dorothy, file clerk, appointment on
temporary basis and salary approved
Salary increased
Rainey, Alice Virginia, clerk in Procurement
Section, appointment on temporary
basis and salary approved
Administrative
http://fraser.stlouisfed.org Transfer to Division of
Federal Reserve Bank of St. Louis Services and salary approved
2/26
309
11/14 1629
10/19 1597
11/14 1693
4/29 682
11/14 1693
11/14 1690
11/14
1691
10/17
10/21
1591
1607
11/14
1693
1/25
134
8/26
1286
10/25 1623
11/14
1694
7/15
1106
10/ 2 1509
V14 12T:9
11/14
1690
11/14
1692
7/ 4 1063
11/28 1752
4/25
660
11/14 1690
300
Pages
Staff of
Board of Governors: (Continued)
Eecretary's Office: (Continued)
Ratliff, Lee, laborer, appointment on temporary
basis, and salary approved
Salary increased
Transfer to Division of Administrative
Services and salary approved
Reamey, Dorothy L., page, appointment on
temporary basis and salary approved
Transfer to Division of Administrative
Services and salary approved
Reed, Samie, messenger, salary increased
Transferred to Division of Research and
Statistics, with no change in salary
histon, P. C., Foreman of Laborers, salary increased
Transfer to Division of Administrative
Services and salary approved
Rogers, Mrs. Dorothy, charwoman, granted leave
of absence without pay, death benefit
insurance to be continued
Salary increased
Transfer to Division of Administrative
Services and salary ap)roved
Rubin, Max, maintenance mechanic, appointment
on temporary basis and salary approved
Separated from service
Sanders, Mrs. Dorothy, charwoman, appointment
on temporary basis and salary approved
Resignation accepted
Sanders, Mrs. Mary E., stenographer, appointment
and salary approved
Transfer to Division of Administrative
Services and salary avroved
Sanford, Mrs. Carrie L., telephone operator, leave
without pay because of illness granted,
board to continue contributions to
retirement system provided she makes
insurance payments
hxtension of leave without pay granted
Resignation accepted, reimbursement to
be made for unearned sick leave
Seagle, Lary S., teletype operator, transfer
to Division of Administrative Services
and salary approved
Sheehan, Elizabeth M., elevator operator,
appointment on temporary basis and
salary approved
Transfer to Division of Administrative
Services -rid s,lary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
478
3/25
10/11 1554
11/14 1694
10/18 193
11/14 1692
56
1/11
7/ 1
5/26
1055
"33
11/14
1694
1!/
7 il
4'
8
11/14
1694
2/11
4/:0
215
627
1/20
1/29
106
145
10/28
1639
11/14
1691
3/22
5/16
464
779
9/20
1474
11/14 1692
8/22 174
11/14
1693
301
Pages
Staff
Of Board of Governors: (Continued)
Secretary's Office: (Continued)
Sherrod, Ralph A., Operator (Duplicating Devices),
salary increased
Transfer to Division of Administrative
Services and salary approved
Shipp, Arad B., gardener, salary increased
Transfer to Division of fidministrative
Services and salary approved
Simms, John R., cafeteria helper, separated
from service
Simpson, Evelyn (Mrs. Gjelhaug), file clerk,
granted extension of leave without pay
previously granted by Personnel Committee
Simpson, Hazel L., file clerk, salary increased
Sinclair, Robert, chauffeur, resignation accepted
Snouffer, Paul, guard, transfer to Division of
Administrative Services and salary approved
Spicer, Libbie L., charwoman, salary increased
Transfer to Division of Administrative
Services and salary approved
clerk—stenographer, salary increased
Staley, Enid
Transfer to Division of Administrative
Services and salary approved
Steger, Karl J., guard, transfer to Division of
Administrative Services and salary approved
Steiner, Almeda, charwoman, salary increased
Transfer to Division of Administrative
Services and salary approved
Stewart, Phyllis E., secretary to Mr. Nelson,
transfer to Division of Administrative
Services and salary approved
Storm, Charles W., maintenance mechanic, transfer
to Division of Administrative Services
and salary approved
Stroud, Berl R., file clerk, appointment on
temporary basis and salary approved
guard, salary increased
Stull, Howard
Transferred to position of chauffeur and
appointment made permanent
Transferred to Division of Administrative
Services and salary approved
Sullivan, David, senior guard, salary increased
Transfer to Division of Administrative
Services and salary approved
Sunderman, Ethel M., charwoman, salary increased
Transfer to Division of Administrative
Services and salary approved
Frances B., charwoman, appointment
Mrs.
Tambini,
on temporary basis and salary approved
Appointment made permanent
accepted
Resignation
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/26
833
11/14 1691
6/6 1024
11/14 1693
1/31
151
5/22
4/29
6/15
810
687
967
11/14 1693
10/11 1554
11/14 1694
6/26 1024
11/14
1690
11/14
10/11
1693
1554
11/14 1694
11/14 1690
11/14 1693
8/26 1286
779
5/16
9/14
1366
11/14 1692
10/19 1597
11/14 1693
10/11 1554
11/14 1694
94
1/18
6/28 1036
10/31 1641
302
Pages
Starr
of Board of Governors: (Continued)
Secretary's Office: (Continued)
Tanner, J. E., telegraph operator, transfer to
Division of Administrative Services
and salary approved
Taylor, Franklin, supply clerk, salary increased
Transfer to Division of Administrative
Lervices and salary approved
Thorne, Mrs. Grace L., charwoman, appointment on
temporary basis and salary approved
Extension of temporary appointment
Transfer to Division of Administrative
Services and salary approved
Tobler, Herman L., laborer, salary increased
Transfer to Division of Administrative
Services and salary approved
Tobler, Mrs. Nellie Gray, elevator operator,
appointment on temporary basis and
salary approved
Transfer to Division of Administrative
Services and salary approved
Traver, :dill m J., guard, appointment on
temporary basis and salary approved
Transfer to Division of Administrative
Services and salary approved
Trueheart, Lynood, Junior Operator (Duplicating
Levices), transfer to Division of
Administrative Services and salary approved
Twomey, Raymond C., Supervisor, Duplicating and
Mails Section, salary increased
Transfer to Division of Administrative
Services and salary approved
Underwood, Evelyn, file clerk, tr:nsferred to
Division of Personnel Administration
as leave clerk, with no change in salary
Unger, B. M., senior guard, transfer to Division of
Administrative Services and salary approved
Gladys,
file clerk, appointment on
1.allace,
temporary basis and salary ap_rovcd
V;amick, Howard L., Jr., Operator (Duplicating
Devices), transfer to Division of
Administrative Services and salary approved
';,atkins, F. L., senior mail clerk, transfer to Division
of Administrative ,LervIces and salary approved
;.eeks, E. J., Sr., Assistant Fore:..an of Laborers,
salary increased
Transfer to Division of Administrative
Services and salary approved
Ers. Elizabeth, charwoman, appointment
on temporary basis and salary approved
appointment made permanent
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/14
5/26
1692
833
11/14 1690
7:19 1126
9/12 1360
11/14 1694
5/26 833
11/14 1694
6/26
1023
11/14
1693
9/14
1367
11/14
1
(
)93
11/14
1671
7/13
1090
11/14
1631
9/ 8 1345
11/14
1693
11/15
1699
11/14 1691
11/14
1691
5/26
033
11/14
1694
f-04
3/30
6/28 1036
:03
Pages
'of Board of Governors: (Continued)
,:ecretary's Office: (Continued)
Vvillims, Lars. Elizabeth: (Continued)
Transfer to Division of Administrative
Services and salary approved
John T., laborer, appointment on
temporary basis and salary approved
Promotion to guard on temporary basis
end salary approved
Transfer to Division of Ldministrive
Services and salary approved
Resignation accepted
7,olcott, Helen B., secretary to Hr. Bethea,
salary increased
Transfer to Division of Administrative
Services and salary approved
:drs. LlargLret L., „stenographer, appointment
end salary approved, member of Civil
Service retirement system
Transfer to Division of Administrative
Services and salary approved
Yates, Aline L., index clerk, salary increased
Yilek, J. J., Operator (Duplicating Devices),
salary increased
Transfer to Division of Administrative
Services and salary approved
Youn, Mrs. aizabeth M., charwoman, appointment
on temporary basis and salary approved
Appointment made permanent
Transfer to Division of Administrative
Services and salary approved
Mechanical Superintendent,
Youn,s., Herbert
transfer to Division of Administrative
Services and salary approved
Taxation:
Individual Income Tax Act of 1944, ne,f: Withholding
Exemption Certificate, Form
instructions to employees
Telegraph Operators:
Bell, L. L., transfer from Secretary's Office to
Division of Administrative Services and
salary approved
Flagg, M. P., salary increased
Transfer from Secretary's Office to Division of
Administrative Services and salary approved
Klai.r7A Leone, appointment on temporary basis and
salary approved, to become member of
retiradent system
March, G. L., transfer from Secretary's Office to
Division of Administrative Services and
salary approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/14 1694
4/11
565
6/28 1036
11/14
11/15
1 693
17:0
6/26
102:4
11/14 169p
10/28
1639
11/14
1691
4/29
682
9/27 1495
11/14 1691
3/i 349
6/22 1036
11/14 1694
11/14 1693
11/ 9 1669
11/14 16)1
3/ 1 350
11/14 1691
12/14 1868
11/14 1691
304
Pages
Staff of Board of Governors: (Continued)
Telegraph Operators: (Continued)
Ott, H. M., transfer from Secretary's Office to
Division of Administrative Services
and salary approved
Pace, Muriel, assignment on temporary basis,
V,estern Union Telegraph Company to
be reimbursed for services
Extension of authorization to reimburse
Western Union for services
Pool, W. S., transfer from Secretary's Office
to Division of Administrative Services
and salary approved
Seagle, Mary S., transfer from Secretary's Office
to Division of Administrative Services
and salary approved
Tanner, J. E., transfer from Secretary's Office
to Division of Administrative Services
%nd salary approved
Telephone Operators:
Brooks, Rae, salary increased
Transfer from Secretary's Office to Division of
Administrative Services and salary approved
Brown, Mrs. Rushia E., appointment on temporary
basis and salary approved
Appointment made permanent, with no
change in salary
Transfer from Secretary's Office to Division
of Administrative Services and salary
approved
Crawford, Gweneth, resignation accepted
Griffith, Flora J., transfer from Secretary's
Office to Division of Administrative
Services and salary approved
Sanford, Mrs. Carrie L., leave without pay because
of illness granted, Board to continue
contributions to retirement system,
provided she makes insurance payments
Extension of leave without pay granted
Resignation accepted, reimbursement to be
made for unearned sick leave
Temporary employees, Mr. McKee in favor of limiting
extensions of appointments to six-month
periods
Titles, uniformity, cht;hge to Director, Assistant Director,
and Chief for divisions, made for sake of
V.0tl" ng leave authorized, draft of memoraLdum approved
kar Loans Committee:
Bethea, Liston P., to act as Secretary of
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/14
1691
10/17
1591
12/14
1_69
11/14
1692
11/14
1692
11/14 1692
9/27
1495
11/14
1692
4/13
570
6/13
95C
11/14 1692
481
3/27
11/14 1692
3/22
5/16
464
779
9/20 1424
7/29 1157
2/ 3 162
10/16 1575
3/ 9
392
305
Pages
ff of BoLfd of Governors: (Continued)
v,ar Loans Committee: (Continued)
Boothe, Gardner L., to act as Assistant Administrator for
Salary increased, in connection with present
assignment
Clayton, Lawrence, to act as alternate for ir. Eccles on
Draper, Ernest G., to act as member of
Eccles, Marriner S., to act as member of
Faucette, Olive, to act as clerk for Reports
and Statistics
Salary increased
Fields, Mrs. Catherine, secretary to Mr. Bcothe,
reemployment after maternity leave approved
Holmes, Mary, clerk, salary increased
Kekenes, Mary F., clerk-typist, salary increased
Finn, Valliam E., messenger, salary increased
Emead, Edward L., to act as Administrator for
B., to act as Counsel for
Nt„ Vest, George
veportment:
Bretton Woods agreements, draft of statement to be
submitted to
Central bank conferences, proposed by Banco de Mexico,
Board to cooperate if no objection by
Foreign branches in Paris of International Banking
Corporation, approval to be discussed with
Joseph Burke, loaned by Board on reimbursable
basis to, pending completion of arrangements for appointment with
lAexico, central bank, acquisition of stock control of
Pan American Trust Company of iew York,
Messrs. bzymczak andllcKee to present
matter to
Matter to be handled by, FRBank of New York to
be advised
National City Bank of New York, application for permission
to establish additional branch in Republic
of Brazil at Porto Alegre, letter to
Secretary of State re
Studies on international finance, continuance of work by
Division of Research and Statistics approved
Studies re Japanese reparations, arrangements for assistance
of Mr. Tamagna on part-time basis approved
Triffin, Robert, no objection to proposed trip to Argentina,
American Embassy to be kept informed
8t,ate
Governments:
aorrowings fru:d FRBanks, legislation for, letter in
reply to Mr. Otto A. Case
Legislation for consideration of State legislatures
to be submitted on behalf of FRSystem
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/ 9
392
9/16 1383
3/ 9
392
3/ 9 392
3/ 9 392
3/ 9
392
11/ 1 1646
750
5/13
11/ 1 1646
11/ 1 1646
11/ 1 1646
3/ 9
392
392
12/ 1
1771
10/20
1601
3/ 9
8/ 2 1193
8/ 8 1214
12/ 1 1764
12/22 1924
1/29
148
5/ 9
731
10/ 7 1539
8/18 1261
1/29
143
4/20
630
306
Pages
State member banks:
Allegan State Bank, Allegan, Michigan, letter re furnishing
banks with money order forms by American
National Bank and Trust Company of Chicago,
referred to Legal Division for reply
Question of being payment of interest, left to
discretion of FRBank of Chicago
American Bank and Trust Company, Ciacine, Wisconsin,
application for membership approved,
compliance with condition numbered 6
:- ;aived, savings account to be brought
into conformity with law, and trust
department to be supervised carefully
Certificate of membership transmitted
imierican Trust and Banking Company, Chattanooga,
Tennessee, no objection to investment
in bank premises by
1,0 objection to additional investment in
banking quarters
'inericdn Trust Company of Charlotte, North Carolina,
absorption of exchange and collection
charges, ruling on, question of continuing
practice of, and Board's procedure re
Reply to Mr. iood re
Reference to increase in deposit liability and
reply by Ar. Ransom to letter from ;At-. .i.00d
Annapolis Banking and Trust Company, Annapolis, Maryland,
application for membership approved,
subject to charge off of losses and
certain other conditions
APPlications, doubtful:
American Falls Bank, Inc., American Falls, Idaho,
application for membership approved on
December 21) 1940
Custer County Bank, Challis, Idaho, application
for membership approved, after discussions,
without recommendation of FRBank of San
Francisco, letter to be prepared for Ir. Dv
Farmers State Bank, Wallace, Nebraska, application
for membership approved on October 29, 1938
Asbury Park and Ocean Grove Bank, Asbury Park, New Jersey,
application for membership approved, subject
to special condition re paid-up capital,
ruling of Attorney General re stock certificates to be complied with, savings accounts
to be brought into conformity with law, and
retention of branch at Neptune, New Jersey,
approved
Certificate of membership transmitted
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/14
586
4/24
653
5/3
5/16
699
781
9/22 144
11/ 7 1666
1/6
1/7
24
38
1/1-
63
12/ 5
1835
6/27 1030
6/27 1028
6/27 1029
8/ 5 1206
10/ 4 1513
0,1
307
Pages
State
member banks: (Continued)
Bank of Auburn, Alabana, publication of condition reports of
Auburn Ice & Coal Co., Inc., not required
Bank of Brinkley, Arkansas, application for membership
approved
Certificate of membership transmitted
Bank of Canton, Georgia, six months notice waived and
application for immediate withdrawal approved
Bank of Commerce, Clayton, Alabama, application for
immediate withdrawal from FRSystem
approved and permission granted to
FDIC to examine in connection with
continuance of insurance
Bank of Corning Company, Corning, Ohio, aptlicaton
for membership approved
Certificate of membership transmitted
Bank of Forest, Mississippi, reduction in requirements for
reserves of country member banks, letter to
Mr. LcGrIlvey in opposition to suggestion re
Bank. of Galesburg, Illinois, application for membership
approved, savings accounts to be brought
into conformity with law and copy of
Auditor's certificate of authority re
trust funds requested
Certificate of membership transmitted
Bank of Holden, Missouri, application for membership
approved, common stock to be shown at
par value
Bank of Malverne, New York, application for membership
approved
Certificate of membership transmitted
Bank of Manlius, Manlius, New York, application for
membership approved
Certificate of membership transmitted
Bank of Nevada, Las Vegas, Nevada, application for
membership, question of voting permit
of Transamerica Corporation in connection
with, no action in favor of to be taken,
letter re to be prepared
bank of New Hyde Park, New York, certificate of
membership tmAnsmitted
Bank of Pioche, Inc., establishment of branch at Pioche,
Nevada by Nevada Bank of Commerce, Elko,
Nevada, in connection with merger with,
approved subject to increase in capital
of bank
Bank of Ripley, Vest Virginia, application for
membership approved
Certificate of membership transmitted
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/22 1276
4/24
5/12
651
747
7/11 1082
2/ 2
157
7/22 1133
8/10 1:2.5
6/ 9
939
8/15 1243
8/30 1296
12/27 1947
2/17
261
4/12
5/10
738
56 r=
6/29 1039
1/ 5
14
10/11
15 -5
'/ 4
3/2;
366
465
308
Pages
State
member banks: (Continued)
Bank of Smithfield, Virginia, violations reported in
examination report, involving purchase
of Virginian Corporation Collateral Trust
Notes, ruling re requested from Comptroller
of the Currency
BLnk of Soperton, Georgia, application for immediate
withdrawal approved and permission granted
to FDIC to examine in connection with
continuance of insurance
bank of Urich, Missouri, application for membership approved
Certificate of membership transmitted
Black Rock Bank and Trust Company, Bridgeport, Connecticut,
application for membership approved, subject
to charge off of losses, savings accounts to
be brought into conformity with law and
excess balance in nonmember bank to be
reduced to within statutory limits
Certificate of iae:nbershia transmitted
Bl[,cksher Benz., BLio. shear, Georgia, permission granted
to FDIC to em- mine for continuance of
insurance after withdra-,,a1 from FRSystem
Relation of The Brantley Co. as a noldin
company zffilicte
notice for withdrawal waived and
months
L-dx
application for immediate approved
BrattLeboro Trust Company, Brattleboro, Vermont,
applicoton for membership approved,
subj act to charge off of losses,
and certain other conditions
Extension of time granted to complete co-mbership
in FRbystem
oktonsion of time granted to complete membership
in FR,System
Certificate of membership transmitted
/3ridgeport-City Trust Company, Bridgeport, Connecticot,
ap:olication for membership approved,
retention of branch at Fairfield,
Connecticut, approved, and savings
accounts to be brought into conformity
with 1Lw
Certificate of membershi, transmitted
Brunswick Bank and Trust Company, Brunswick, Georgia,
application for fiduciary powers approved
upon conversion into American Ntiol.al Bank
of Brunswick, Georgia
Calumet County Bank, Brillion, Aisconsin, application for
membership ap_roved, savings account to be
brought into conformity with law
Certificate of membership transmitted
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/30
(2.50
1/21
5/18
6/ 6
110
729
917
3/ 1
3/22
350
465
9/16 1386
(A/17 1254
9/27
1496
6/8
929
.7/ 7
1075
V 5 1:-:J9
1323
9/ 5
9/ 9 1353
9/19
1421
4/ I
519
9/29 1-03
10/23 1610
309
Fap.es
tate member banks: (Continued)
Capit:1 City State Bank, Des Lioines, Iowa, permission granted
to maintain same 'reserves as banks outside
central reserve and reserve cities
Central Bank & Trust Company, Elkader, Iowa, application
for membership approved, trust department
to be supervised carefully
Central Trust & Savings Bank of Geneseo, Illinois,
application for membership approved
Central Trust Company, Rochester, N. Y•y establishment
of branch in Wilthmson, New York, in
connection with merger with State Bank
of viilliamson, New York, approved
Chippei.a Trust Company, St. Louis, Missouri, letter re
manpower problems and classification of
banks as essential activities
tlrisney State Bank, Chrisney, Indiana, application for
membership approved, subject to charge
off of losses, deposit balance in nonmember bank to be reduced and list of
capital debentures sold to RFC to be
forwarded
Certificate of membership transmitted
Penalty for deficiencies in reserves waived
Citizens Bank of Monroe, New York, application for
membership approved subject to charge
off of losses and savings account to be
brought into conformity with lab
.
Certificate of membership trans,Litted
Citizens Bank of Owensville, MIE-ouri, application for
membership approved, excess balance in
nonmember bank to be reduced
.
Certificate of membership transmitted
Citizens Bank of Pacific, Uissouri, application for
membership approved
.
Certificate of membership transmitted
Citizens Bank of Sherwood, Oregon, application for
membership approved, number of directors
to be increased to not less than five,
common stock and debentures to .L,e shoml
at par and face amounts
Lertificate of membership transmitted
Citizens Bank of Tivincisor, Missouri, application for
membership approved, common stock to
be shown at per value, and excess
balance in nonmember bank to be reduced
Certificate of membership transmitted
Citizens Bank and Trust Company, Bainbridge, Georgia,
examination by FDIC without consent of
Board, telegram to FRBank of Atlanta re
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/ 6
917
12/26
1943
12/20 1917
V19
797
5/12
950
(/10
7/14 1098
9/ 4 1320
4 5
4/28
538
673
11/ 9 1668
11/23 1734
3/ 8
3/22
76
465
9/ 2 1311
10/ 4 1513
11/17 1713
11/30 177
4/ 3
525
310
Pares
State
member banks: (Continued)
Citizens Bank and Trust Company, Bainbridge, Georgia: (Continued)
Letter from Mr. Brown of FDIC referring to
4/25
Board's letter re
Citizens Bank & Trust Company, Batesville, Arkansas,
application for fiduciary powers approved
upon conversion into First National Bank,
Batesville, Arkansas
10/10
Citizens Bank and Trust Company, Concord, North Carolina,
application for fiduciary powers approved,
upon conversion into Citizens National Bank
3/14
of Concord, North Carolina
Citizens Fidelity Bank and Trust Company, Louisville,
Kentucky, certificate of membership
10/ 3
transmitted
oervices of 11r. Arthur H. Alustedt as member of
Almstedt Brothers and as director of,
in violation of section 32 of Banking
12/23
Act of 1933
(See infra Fidelity and Columbia Trust Co.)
Citizens State hank of Arlington, South Dakota, no
objection to investment in addition
11/ 3
to banking premises
Citizens State Bank, Cadott, lAisconsin, application
2/24
for membership approved
3/10
Certificate of membership transmitted
Citiz<_=-s State Bank, Kiel, Vdsconsin, application
3/16
for membership approved
4/11
Certificate of membership transmitted
Citizens State Bank, Lyndonville, New York, application
for membership approved, subject to
charge off of lobe3, and savings accounts
to be brought into conformity with law
I/ 7
1/19
.
Certificate of membership transmitted
Citizens State Bank of Idilford, Milford Junction
(P. 0. juilford), Indiana, application
for membership approved, compliance
11/22
with condition numbered 6 waived
Cleveland State Bcalk, Cleveland, .isconsin, application
for membership approved, d.?trInd deposit
of State of Wisconsin to be brought into
6/29
conformity with law
7/27
Certificate of me,Abership transmitted
\--Litton Trust Company, Clifton, New Jersey, application
for membership approved, subject to disposal of stock held in First National Bank
of Clifton or consolidation with, and
1/22
certain other conditions
2/21
Certificate of membership transmitted
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
664
1549
41:
1510
1956
1659
292
400
423
565
103
1730
1045
1147
113
275
311
Pages
e:te membE=r banks: (Continued)
Colonial Trust Company of Waterbury, Connecticut,
recom.-.en,1ations for relaxing
Regulation
made by, letter re to Congressman Joseph
E. Talbot
Commercial Bank & Trust Company, Knoxville, Tennessee,
application for fiduciary powers approved
upon conversion into Commercial National
Bank, Knoxville, Tennessee
CommercLal State BLnk, Pocahontas, Iowa, application
for membership approved, exercise of
fiduciary powers permissible
Certificate of membership transmitted
Community th_nk of arsaw, Missouri, application for
membership approved, excess balance in
nonmember bank to be reduced
Certificate of membership transmitted
Community State Bank, Avilla, Indiana, application for
fiduciary powers approved, compliance ,ith
condition of membership numtered 3 7:aivod
Condition reports:
Call wide as of December 31, 1943
Call made as of April 13, 1944
Midyear call, forms and instructions sent to FRBanks for
Call as of June 30
Fall call not to be made, advice to FRBanks
Connecticut, no objection to joint publication of
Louisiana, joint publication in, no objection to
Conditions:
Farmers & Merchants State Bank, Ladonia, Texas,
condition of membership numbered 6,
cancelled
Louisville Trust Company, Louisville, Kentucky,.
modification of condition of membership
numbered 20 approved
County Trust Company of .hite Plains, New York, desire
of First National Bank of Pleasantville,
New York, to surrender fiduciary powers
after absorption by, letter to Comptroller
of the Currency re procedure
Custer County Bank, Challis, Idaho, application for
membership in FRSystem approved, after
discussions, without recommendation of
FRBank of San Fr:ncisco, letter to Mr.
Day to be prepared
Case to be supervised carefully
Certificate of membership transmitted
Davenport Bank and Trust Company, Davenport, Ioa,
establishment of branch in Bettendorf,
Iovsa, approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/14
85
4/ 5
539
6/1
P67
6/24 1017
11/20 1721
12/ 5 1807
10/ 3 1511
3
1/3
589
4/15
852
V30
7/ 3 1059
9/19 1421
11/ 6 1661
719
5/5
4/15
595
7/11 1023
5/8
727
6/27 1028
7/ 4 1064
V11 1229
8/ 5
1210
312
Pages
Stete
.nember banks: (Continued)
East Side Trust & Savings Bank, Chicago, Illinois,
change in location, no objection to
4/7
York, application
Ebenezer State Bank, Ebenezer,
12/15
for membership approved
Ecorse Savings Bank, Ecorse, Michigan, consolidation with
State Savings Bank of Lincoln Park, lachigan,
under title of wayne County Bank and estab4/20
lishment of branch at Lincoln Park, Michigan
Ifilberfeld State Bank, Elberfeld, Indiana, application for
membership approved, excess balance in
11/23
nonmember bank to be reduced
1-,61ish State Bank, Eaglisd, Indiana, application for
membership approved, excess balance in
nonmember bank to be reduced to within
3/10
statutory limits
3A7
Certificate of membership transmitted
Equitable Trust Company, '4,i1mington, Delaware, purchase
of assets and assumption of liabilities
of -ilmington ldorris Plan Bank, almington,
Delare, and operation of branch on premises
5/23
approved
Examination reports, copies sent to branches of FRBanks
3/ 3
may be destroyed
Exchange State Bank of Glendive, !.:entaha, application
for membership app,-oved, savings account
6/29
to be brought into conformity with law
transmitted
7/27
Certificate of membership
application
Ohio,
Trotood,
Bank,
Farmers and Citizens
10/16
for membership approved
Certificate of membership transmitted11/15
Farmers and Lerchants Bank, Marianna, Arkansas,
9/14
applicat'on for membership approved
9/27
Certificate of membership transmitted
Farmers and Merchants Bank, t. Pleasant, Tennessee,
application for me-berg:lip approved,
trust powers not to be exercised without
permission of Board, and certain other
matters to be brought into conformity
7/ 1
with law
7/27
transmitted
membership
Certificate of
Farmers & Merchants Bank of Orfordville, Wisconsin,
application for membership approved,
savings accounts to be brought into
6/ 1
conformity with law
6/19
Certificate of membership transmitted
Farmers u Merchants Savings Bank, M - nchester, Iowa,
10/19
application for membership approved
11[3
Certificate of members4ip transmitted
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
669
1376
629
1753
399
482
315
393
1046
1147
1575
1700
1371
1 496
1256
1147
267
989
1598
1734
313
Pages
-t.,ate member banks: (Continued)
Farmers
%.1erchants State Bank, Ledonie, Texas, condition
of membership numbered 6, cancelled
Farmers and :erchants State Beni., Stanley, eisconsin,
application for elebership approved,
advice requested re reduction in capital
stock in 1932
Certificate of meeibership transmitted
Fanners Banking Company, Lakeview, Ohio, application
for membership i7ep,,roved, withdrawal notice
re savings deposits to be brought into
conformity Aith Board regulations
Farmers State Bank of Middleville, 2Lichigan, application
for membership approved
Certificate of membership transmitted
feemars State Bank, Ransom, Kansas, application for
membership approved, possible consolidation
with competitor State Bank, desirable
Certificate of meubership transmitted
Farmers Trust Company of Lebanon, Pennsylvania, application
for membership approved, savings accounts
to be brought into conformity with law
Certificate of membership transmitted
Fidelity and Columbia Trust Company, Louisville, Lentucky,
applicat'on for A .mbership approved,
subject to increase in capital and
absorption of Citizens Union flational Bank
(e., supra Citizens Fidelity Bank and Trust Co.)
Fidelity Deposit Bank of Derry, Pennsylvania, application
for membership approved, subject to certain
special conditions
Certificate of membership transmitted
First—City Bank & Trust Company, Hopkinsville, Kentucky,
application for membership approved,
subject to charge off of losses
Certificate of membership transmitted
First State and Savings Bank of Holly, Michigan, permission
granted to FDIC to examine for continuance
of insurance after withdrav.mT from FaSystem
Six months notice waived and permission for
immediate withdrawal approved
First State Bank, Belmond, IovLL, application for
membership approved
Certificate of membershil., transmitted
Fl.rst State Bank of Zest Detroit, Michigan,
application for membership approved
g;xtension of time granted to complete membership
in FR6yetem
First State Bank of Meriden, :,innesota, applicationì
for membership approved
Certificate of membership transmitted
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/15
11/ 1 1646
11/13 1630
12/20 1916
1/28
2/10
143
191
5/ 5
5/25
715
'31
8/17 1251
8/30 1295
3/16
1::46
4/13
4/24
573
652
4/13
V 3
:7
703
()/16
17:6
i1/27
1749
V19
9/18
1269
1411
7/29
1177
8/19
1270
11h, 1742
l'/ 9 1833
314
Paie-,7es
Stat
eiaenber banks: (Colitinued)
First State Bank, Morton, Texas, application for membership
approved
Certificate of membership transmitted
First State Bank of Thom)con Falls, :;Jantan, application
for membership approved, number of directors
to be increased to not less than five
Certificate of membership transmitted
FIrst Trust and Savings Bank of Pasadena, California,
City of Alhambra, California, application
for establishment of branch in, declined
Purchase of assets and assumption of deposit
liabilities of First National Bank
of Lamanda Park, California
Flint Creek Valley Bank, Philipsburg, 1Lontanal application
approved, number of directors to be increased
to not less than five, and savings account to
be brought into conformity with law
Certificate of membership transmitted
Freeport Bank of Freeport, New York, applic - ton for
membership approved, subject to charge
off of losses
Certificate of meJbership transmitted
--fl'.)va Trust Company, Geneva, New York, establishment
of branch in Geneva by Lincoln-Alliance
Bank and Trust Company, aochester, in
connection .with merger with
Cor(!ol-, State Bank, Gordon, Nebraska, application for
membership approved, number of directors
to be increased to not less than five
Certificate of membership transmitted
Great leck Trust Company, Great Neck Plaza, New York,
application for membership approved,
subject to charge off of losses,
compliance with condition numbered 6
v,aived
Certificate of membership transmitted
aamilton Bank, Hamilton, Missouri, applicaton for
membership approved, copy of resolution
re conservatIon of earnings and dividend
policy requested
Certificate of membership transmitted
H
“anna
State & Savings Bank, Hanna, .yomin„;', application
for membership approved
Certificate of membership transmitted
Hermann Bank, Hermann, Missouri, application for
membership approved
Certificate of membership transmitted
Home Savings
Bank, Milwaukee, ':..isconsin, permission
granted to maintain same reserves as
b- nks located outside of central
reserve and reserve cities
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/20 1721
12/ 2 1731
10/16
11/17
1575
1680
9/26
1490
10/ 9 1546
1D/13 1566
11/ 9 1669
7
3/11
175
403
124
818
11/13 1680
1-/
17,3.3
2/28
314
3/10
430
8/21
9/ 1
1272
1'310
4/19
5/10
623
738
11,3
4/11
L:36
565
L/12
569
315
Pages
State
member banks: (Continued)
Industrial State Bank of Houston, Texas, applicatIon for
membership approved, permission granted to
maintain same reserves as banks not in
reserve or central reserve cities
Extension of time granted to complete membership
in System
Certification to FDTC as member
eertificnte of membership*tr-nsmitted
Industrial Trust Company, Provluence, Rhode Island,
additional investment in bank premises
approved
Iron Exchange Bank, Hurley, Asconsin, application
for membersip approved
Certificate of membership transmitted
Cancellation of stock from Stabilization Trust
and reduction of capital approved
Irvin Trust Company, computatIon of reserves, income
taxes of New York State, withheld under
section 366 of New York las', and taxes
withheld under sections 143 and 144 of
Internal Revenue Code, not classed as
deposits, to be shown in condition
reports as "Other Liabilities"
J ohnstown Bank, Johnstown, New York, application for
membership approved, subject to charge
off of losses
Certificate of membership transmitted
P.
J.
Morgan & Co., Incorporated, investment in stock
of Morgan & Cie. Incorporated approved,
subject to certain conditions in agree—
ment to be executed
Kootenai Valley State Bank, Troy, Lontanal application
for membership approved, number of directors
to be increased to not less than five
Certificate of membership transmitted
Laona State Bank, Laona, Vdsconsin, application for
membership approved
Certificate of membership transmitted
LevellE.nd State Bank, Levelland, Texas, application for
membership approved, not to issue and sell
investment certificates without permission
of Board
Certification to FDIC as member of FRSystem
,.
Certificate of membershil, transmitted
Liberty State Bank, St. Paul, 1,iinnesota, application for
membership approved, savings accounts to
be brought into conformity with law, and
permission granted to maintain same
reserves as required by banks not in
reserve or central reserve cities
Certificate of membership transmitted
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/24
293
3/22
4/3
4/ 5
466
524
539
2/15
249
3/25
4/5
479
539
7/ 6 1071
6/15
968
2/19
2/29
71
317
12/14 1870
10/13 1565
10/27 1633
6/17 978
6/26 1026
11/1L
11/17
11/21_
1677
1714
2/4
168
255
2/16
316
Pages
State
member banks: (Continued)
Lincoln-Alliance Bank and Trust Company, Rochester, Nei
York, establishment of branch in Geneva,
New York, in connection with merger with
Geneva Trust Company at Geneva
Lindell Trust Company, St. Louis, Missouri, Regulation
exemption of credits for masonry veneer,
correspondence re
Louisville Trust Company, Louisville, Kentucky, modification of condition of membership numbered
20 approved
Luverne-Hadley Bank, Luzerne, New York, application for
membership approved, subject to charge
off of losses
Certificate of membership transmitted
14adrid Bank, Madrid, New York, application for
membership approved
Certificate of membership transmitted
!larfa State Bank, T:larfa, Texas, application for
membership approved
Certificate of membership transmitted
Iarine Trust Company of Buffalo, availability of
examination reports for inspection,
Board opposed to, FRBank of New York
to engage counsel to resist, if necessary
Reports of examination, affidavit opposing
inspection by Lir. ikAaa B. Hellings,
to be executed by Chairman Eccles,
if necessary
Uartin County Bank, Shoals, Indiana, application for
membership approved, common stock to be
shom at per, and certain other require-lients to be met
Certificate of membership transmitted
M assanutten Bank of Strasburg, Virginia, application
for membership approved, subject to
charge off of losses and certain other
special conditions
Certificate of membership transmitted
Mellroy Bank, Fayetteville, Arkansas, certificate of
membership transmitted
M ercantile Bank, Hammond, Indiana, application for
membership approved, accounts of City
of Calumet City to be brought into
conformity with
with
condition numbered 6 waived
Certificate of mar:bership transmitted
Lerchants and Farmers StaLe Bank of V,eatherford, Texas,
application for membership approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/24
313
7/15
1104
7/11
1083
7/26 1144
3/17 1253
8/19 1268
8/30 1295
11/ 1
11/:3
1647
173L
3/21
453
4/11
564
6/10
6/26
950
1.326
3/15
3/29
415
496
1/14
8-
8/29
9/18
12?1
1411
11/21
1727
4
317
Fag as
Stae-ue
member banks: (Continued)
Merchants Bank of Linonal mlinnesoto, application for
fiduciary powers api,roved upon conversion
into Merchants National Bank of Ninona,
6/13
hiinnesota
Merrill Trust Company, Bangor, Maine, proposed increase
in capital stock, advice re requested12/13
Middle Tennessee Bank, Columbia, Tennessee, application
for membership approved, 2-1/2 per cent
U. S. Treasury bonds of 1964-69 to be
8/17
disposed of
8/30
Certificate of membership tronsmitted
Miles City Bank, Miles City, Montana, application for
membership approved, no dividends to
common stockholders to be paid until
increase in surplus account ad management to be strengthened
9/ 6
9/20
Certification to FDIC as member of FR,System
Certificate of membership transmitted
9/21
-iners and Merchants Savings Bank, Lead, South Dakota,
application for membership approved,
increase in capital to be leg-11y
effected to satisfy requirements
3
3/16
Certificate of membership transmitted
.onterey County Trust & Savings Bank, Salinas, California,
establishment of branch at East Salinas,
California, approved, and no objection
9/ 2
to expenditure for banking quarters
11/16
Approval extended for ninety days
Nevada Bank of Commerce, Elko, Nevada, establishment of
branch at Piocoe, Nevada, approved upon
merger with Bank of Piocole, Inc., subject
10/11
to increase in capitol of bank
New Cumberland Bank, New Cumberland, Pennsylvania,
2/10
application for membership in System approved
2/29
Certificate of membership transmitted
Newton Trust Company, NevAon, :assachusetts, increase in
capital, change in name and location,
acciuisition of assets and assumption of
liabilities of toa.lthool, Maseachusetts,
continued operation of branches, and
establishment of addition- 1 branch in
12/27
Newton approved
North End Bank & Trust Company, Bridgeport, Connecticut,
1/ 5
certificate of membership transmitted
North Shore Bank Trust Company, Oyster Bay, New York,
application for membership approved,
subject to charge off of losses, savings
account to be brouht into conformity
vith law, condition numbeoed 6 waived
4/19
4/28
Certificate of membership transmitted
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
959
1864
1252
195
1327
1426
1429
359
423
1313
1704
1755
188
317
1948
14
621
673
t
318
Pages
81:41=te member banks: (Continued)
North Side Bank, Evansville, Indiana, application for
membership approved, compliance with
condition numbered 6 yvaived
Certificate of membership transmitted
North Side Bank, Lebanon, Pennsylvania, application for
membership approved, savings accounts to
be brought into conformity with law
Oakwood Deposit Bank Company, Oakood, Ohio,
application for membership approved
Certificate of membership transmitted
Oklahoma State Bank, Buffalo, OkL;homa, extension of
time for accomplishing membership in
FRSystem
Certificate of membership transmitted
011ida Bank, Onida, South Dakota, dividends, advice
re payment of requested of FDIC
Osage Valley Bank, Warsaw, Missouri, application
for membership approved
Certificate of membership transmitted
Ottawa County Bank, Minneapolis, Kansas, application
approved, reduction in common capital
stock approved, excess balance in
nonmember bulk to be reduced
Certificate of membership transmitted
Cttoville Bank Company, Uttoville, Ohio, application
for membership approved, savings account
to be brought into conformity with law
and right to require notice re savings
deposit withdrawals to be provided for
Extension of time granted for completion of membership
Certificate of membership transmitted
Pan American State Bank, Bromsville, Texas,
application for membership approved
Certificate of membership transmitted
Certification to FDIC as member of FRSystem
Pan American Trust Company of Aew York, N. Y.,
acquisition of controlling stock interest
by central bank of Mexico, Messrs.
Szymczak and McKee authorized to present
matter to State Department
Matter to be handled by State Department,
FRBank of New York to be advised
Peoples Bank of Johnstown, New York, application for
membership approved, subject to covering
of estimated loss by special reserve,
compliance with condition numbered 6 waived
Certificate of membership transmitted
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1:W 7
10/27
1541
1633
12/ 2 1779
555
4/ 8
5/10
738
1/22
2/17
115
261
4/15
593
4/12
4/22
t
7
:3
8/ 2 1187
8/30 1296
5/19
796
989
6/19
7/27 1147
4/24
5/10
5/10
652
738
738
12/ 1
1764
12/22 1924
4/19
5/12
622
747
?19
Pages
Etate meber Ipni‹,s: (Continued)
Peoples Bank, Lakewood Village, California:
Examination of, suggestions re procedure for
Vs. FRBank of San Francisco, Board of Governors,
and Henry F. Grady, FRAgent, report re
court proceedings by Mr. Dreibelbis
Peoples Bank of lAullens, hest Virginia, application
for membership approved
Certificate of membership transmitted
Peoples Bank and Trust Company of .estfie]d, Nev. Jersey,
application of section 32 of Bmking Act
of 1933 to service of tr. H. I. Thorp as
director because of partnership in firm
of Laurence L. /larks & Co., New York City,
Board to discuss matter Ath 11,-. Rost
Peoides-Pittsburgh Trust Company, Pittsburgh, Pennsylvania,
eligible for participation in elect on of
Class A and Class B directors at FRBank
of Cleveland
Peoples Savings Bank, Port Huron, Michigan, extension of
time granted to complete membership in Syster.
Extension of time granted to complete membership
Peoples State BNik of Bloomer, Vdsconsin, application
for me:nbershil, approved
Certificate of membership transmitted
P?-ojes State Bank of Colfax, Illinois, application
for membership approved
Certifichte of membership transmitted
P'oples State Bank of East Tawas, Michigan, application
for membership approved
Peoples State Balk of Mansfield, Illinois, application
for membership approved, number of directors
to be increased to not less than five
Certificate of membership transmitted
Prioenix Bank, Phoenix, New York, application for
membership approved
Certificate of membership transmitted
Pierceton State Bank, Pierceton, Indiana, application
for membership approved
Extension of time granted to complete membership
in System
Certificate of membership transmitted
Pine Lawn Bank and Trust Company, Pine Lawn, Missouri,
order for hearing to determine forfeiture
of membership, to be issued
Copies and instructions sent to FREink of St. Louis
Proposed hearing and order, to be postponed indefinitely pending change in ly,nkls practices,
Board to reviev. letter to be signed by
directors re
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2/16
2:'-5
10/20
1600
5/ 1
5/10
693
738
11/30 1760
9/23 1480
1/14
2/3_6
5. 7.,
255
9/30 1505
10/16 1576
8/ 9 1220
8/22 1275
11/23 1733
4/ 4
4/18
529
606
3/11
13/22
403
465
5/5
715
6/ 1 ''68
7/ 7 1075
3/21
3/27
453
482
4/ 4
530
sr
.?;D
Pages
State member banks: (Continued)
Pine Lawn Bank and Trust Caaphny, Pine Lawn, Missouri: (Continued)
Order for hearing re forfeiture of membership,
issuance postpone!d bendin_; further examiantion
7/27
Platte Valley Bank, Ravenwood, missouri, appiiat.on
for membership approved, exces balances
11/10
in nonmember banks to be reduced
12/ 9
Certificate of membership transmitted
Prairie State Bank, Oak Park, Illinois, applicaticn
for fiduciary powers approved upon
conversion into Oak Park Natiol,a1 Bank,
11/ 1
Oak Park, Illinois
Progressive Industrial Bank, New Orleans, Louisiana,
1/18
application for membership approyed
2/ 2
Certificate of membership transmitted
Provident Trust Co., Philadelphia, Pennsylvania,
absorption of exchange charges not
considered payment of interest under
)i <-0
circumstances
Rc,ritm State Bank, Raritan, New Jersey, application for
membership approved, savings accounts to
be brought into conformity with law and
excess balance in nonmember bank to be
11/17
reduced
12/ 5
Extension of time granted to complete membership
Renwick Savings Bank, Renwick, Iowa, permission granted
to FDIC to examine for continuation of
9/22
insurance a:ter -ithdrawal from FREystem
Six months' notice waived and permission for
8/22
immediate withdrawal granted
Riverview State Bank, Kansas City, Kansas, purchase of
2-1/2 per cent Treasury Bonds by affiliate
of, ,question of disposal of, letter to
Treasury re
4/27
Sac Uver Valley Bank, Stockton, Missouri, application
7/13
for membership approved
7/27
Certificate of membership transmitted
Security State Bank, Comanche, Oklahoma, applicaticn
for membership in FRLystem approved
5/30
6/22
Certificate of membership transmitted
Security State Bank, Harlem, Montana, application for
me,,bership approved, number of directors
12/27
to be increased to not less than five
Smackover,
application
Bank,
Arkansas,
Smackover State
4/ 1
for membersAp approved
4/18
Certificate of membership transmitted
South Chicago Savings Bank, Chicago, Illinois,
11/1E3
application for fiduciary powers approved
South Main State Bank, Houston, Texas, application for
membership approved, permission of Board
necessary for exercise of fiduciary pcy::ers
3/ 3
or issuance of investment certificates
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1118
1672
1033
1647
96
157
03
1713
1q07
1433
1275
669
1081
1147
849
1006
1947
519
606
1717
360
321
Pages
Ztate member banks: (Continued)
South Main State Bank, Houston, Texas: (Continued)
Permission granted to maintain same reserves as banks
outside central reserve and reserve cities
Certification to FDIC as memb.-r approved
Certificate of membership transmitted
Certification to FDIC as member, duplicate letter
forwarded as letter of March 17 not
received
South Shore Bank of Staten Island, Great Mils,
Staten Island, New York, application
for membership approved
Certificate of membership transmitted
South Side Bank & Trust Company, Chicago, Illinois,
penalties for deficiencies in reserves,
no objection to refunding
Springville Banking Company, Springville, Utah, report
of examination, no objection to investment
in bank premises
State Bank of Boyd, iisconsin, application for
membership approved
Certificate of membership transmitted
state Bank of Florence, asconsin, application for
membership approved, subject to charge
off of losses, savings account to be
brought into conformity with law
Certificate of membership transmitted
State Bank of Newfane, New York, application for
membership approved
certificate of membership transmitted
State Bank of Saybrook, Illinois, application for
membership approved
Certificate of membership transmitted
State Bank of Spring Green, M.sconsin, application for
membership approved, requirements re
withdrawals from savings accounts to be
brought into conformity with law
Certificate of membership transmitted
state Bank of williamson, New York, establishment of branch
by Central Trust Company, fiochester, New York,
in connection with merger with, approved
State Savings Bank, Bridgman, Michigan, application for
membership approved, savings accounts to
be brought into conformity with law
Trust Company of Georgia, Atlanta, Georgia, expansion
of operations of Motor Contract Cos,pany,
savannah, Georgia
Tyler State Bank & Trust Company, Tyler, Texas, applica—
tion for membership approved, excess
balance in nonmember bank to be reduced
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/8
3/17
3/22
377
430
465
4/8
556
8/25 1284
9/18 1411
8/12 1235
2/28
315
2/26
3/7
310
374
8/19 1269
8/30 1296
1/7
1/19
45
103
7/10 1080
7/27 1147
9/ 8 146
9/19 1421
5/19
797
12/15 1876
11/14 1694
12/12 1861
322
Pages
tate member banks: (Continued)
Uintah State Bank, Vernal, Utah, correspondence re
report of examination and comments
concerning continuance of aegulation
Union Bank of Commerce Company, Cleveland, Ohio,
reduction in capital approved
Union Bank of vdinchester, Virginia, six months notice
waived and permission for immediate
withdrawal approved
Union County Trust Company, Elizabeth, New Jersey,
application for membership approved,
savings accounts to be brought into
conformity with law, and retention of
branch at Cranford, New Jersey, approved
Certificate of membership transmitted
Union State Bank of kbest Salem, idsconsin, application
for membership approved, excess balance
in nonmember bank to be reduced to
within statutory limits
Certificate of membership transmitted
Union Trust Company, East St. Louis, Illinois:
Trustees of stock of, determined not to be holding
company affiliate under section 2(c) of
Banking Act of 1933
Union Trust Company of Jamestown, New York, application
for membership approved, subject to special
conditions re paid-up capital, Marine Midland
Corporation to comply with conditions for
issuance of voting permit, retention of
branch at estfield, New York approved,
and savings accounts to be brought into
conformity with law
Extension of time granted to complete membership
in FRSystem
Certificate of membership transmitted
Union Trust Company, St. Petersburg, Florida, no
objection to proposed lease agreement
with option to purchase
Union Trust Company of Springfield, Massachusetts,
no objection to additional investrdent
in bank premises
Ilan Buren Bank, Van Buren, Indiana, application for
fiduciary powers approved
Van Horn State Bank of Van Horn, Texas, application
for membership ap;,roved
Certificate of membership transmitted
-achovia Bank and Trust Company, Raleigh, North Carolina,
loan to Elizabeth City Iron orks & Supply
Company, guarantee fee waived for two months
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/31 1307
5/16
781
3/17
429
9/ 5 1321
9/18 1411
2/25
3/7
299
374
3/31
514
9/14 1367
10/ 6 1535
11/ 7 1666
5/18
790
8/29 1292
11/27 1749
9/23 1478
10/24 1615
9/ 2 1313
323
Pages
State member banks: (Continued)
ebb City Bank, Vebb City, Missouri, application for
membership approved, savings account to
be brought into conformity with law
Certificate of membership transmitted
Vest Michigan Savings Bank, Bangor, Michigan,
application for membership approved
liestport Bank, Kansas City, Missouri, deficiencies
in reserves, penalties waived
y, •
t•Indsor State Bank, 'i%indsor, Illinois, application
for membership approved
Certificate of membership transmitted
.asconsin State Bank, Delavan, isconsin, application
for membership approved
Certificate of membership transmitted
4silanti Savings Bank, Ypsilanti, Michigan,
application for membership approved
Certificate of membership transmitted
Stati
zt_
suical manual, procedure for, distribution
Ifeasen, Mr. G. E., Regulation , maintenance and repair
of residential properties, letter re
applicability of
ograpnic transcript of conference on termination loans,
increase in budget item to cover cost of
6to
capital:
Bank of Holden, Missouri, application for membership
approved, common stock to be shown at
par value
Citizens Bank of Sherwood, Oregon, common stock and
debentures to be shown at par and face
amounts
Citizens Bank of Vandsor, Missouri, application for
membership approved, common stock to be
shom at par value, and excess balance
in nonmeliber bank to be reduced
Contract between stockholders and purchasers of stock,
legal rights of parties under, no advice
to be given by FEBank of San Francisco
to bank re
Farmers and Merchants State Bank, Stanley, asconsin,
advice requested re reductLon in 1932,
in connection with application for
membership
Fidelity Deposit Bank of Derry, Pennsylvania, shares
of own stock now carried in investment
account to be disposed of before membership in FRSystem
l'irst National Bank of Boston, Massachusetts, permission
granted to invest additional amount in
stock of First of Boston International
Corporation
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/20
5/5
628
716
12/ 4 1803
1/28
143
6/17 978
7/ 7 1075
8/ 5 1208
8/12 1234
2/10
2/25
190
300
3/8
377
1/28
144
8/10
1227
1,/27 1947
9/ 2 1311
11/17
1713
8/16
1250
11/ 1
1646
4/13
570
10/ 6 1535
324
Pages
Stock, capital: (Continued)
Iron Exchange Bank, Hurley, isconsin, cancellation of
stock from Stabilization Trust and
reduction of capital approved
Jackson-State National Bank, Jackson, Mississippi,
fiduciary funds not to be invested in
stock of, advice re
Martin County Bank, Shoals, Indiana, common stock to
be shoval at par value
Merrill Trust Company, Bangor, Maine, proosed increase
in, advice re requested
Miners and Merchants Savings Bank, Lead, South Dakota,
increase to be legally effected to satisfy
requirements for membership in System
Morgan & Cie., Incorporated, investment in stock by
J. P. Morgan & Co. Incorporated, approved,
subject to certain conditions, establishment of branch in Paris, France, approved
National Bank of iashington, Tacoma, Washington, no
objection to action of shareholders re,
letter to Mr. Upham
Nevada Bank of Commerce, Elko, Nevada, establishment of
branch at Pioche, Nevada, approved upon
merger with Bank of Pioche, Inc., subject
to increase in capital of bank
Newton Trust Company, Newton, Massachusetts, increase in
capital, change in name and location,
acquisition of assets and assumption of
liabilities of gialtham National Bank of
ltham, Massachusetts, continued operation
of branches, and establishment of additional
branch in Newton approved
Minneapolis, Kansas, reduction in common
Bank,
Ottawa County
stock approved, in connection with application
for membership in FRSystem
Pan American Trust Company of New York, N. Y., acquisition
of controlling stock interest by central
bank of Mexico, Messrs. Szymczak and McItee
authorized to present matter to State
Department
Matter to be handled by State Department,
FRBank of New York to be advised
Union Bank of Commerce Company, Cleveland, Ohio,
reduction approved
Union Trust Company of Jamestown, Nev fork, application
for membership approved, subject to
special conditions re paid-up capital
•
ayne County Bank, Ecorse, Michigan, increase in connection
with consolidation of Ecorse Savings Bank
and State Savings Bank under new title
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/ 6
1071
12/ 2 1781
6/10
950
12/13 1864
‘,.
3/3
359
12/14 1870
2/17
263
10/11
1555
12/27
1948
8/ 2 1187
12/ 1 1764
12/22 1924
5/16
781
9/14 1367
4/20
629
325
Pages
6t0ck, preferred:
Atlantic Trust Company, Jacksonville, Florida, no
objection to retirement of
Ao objection to retirealent of
No objection to proposed retirement of
First National Bank of Clifton, New Jersey, held by
Clifton Trust Co., retirement to be
made within six months after bank's
admission to membership
Stock exchanges:
F. S. Moseley & Co., Boston, Massachusetts, inquiry re
application of section 7(a) of Regulation T
to certain transactions, letter and draft
of ruling re
Sto
ckholders of bank, legal rights or responsibilities as
between prospective purchasers of stock
and,
inquiry on
St
oddard, Mr. H.
extensions of credit for
Regulation
",
maintenance and repair of residential
property, letter re applicability of
Studies:
Banking and Credit Policy, papers to be discussed at
meeting with Presidents on December 12,
procedure referred to Messrs. Eccles,
Evans, and Goldenweiser
iigenda for papers re, discussion at special
meeting of Presidents with Board
"Federal Reserve Policy", discussion of topics
under heading at special meeting of
Presidents with Board
"Commercial Banking Prospects", discussion of
topics under heading at special meeting
of Presidents with Board
Agenda for papers re, at special meeting of
Presidents with Board
"Selective Instruments of National Credit Policy",
paper prepared by Mr. Parry to be
published in FfiBulletin
Civil Affairs Handbooks, request sent to Secretary
of War for material re
Commercial Banking after the bar, paper to be
completed in time for December meeting
Credit, demand after the war, request of all Street
Journal for information re, report to be
sent upon completion of study by FRSystem
Department of Commerce, industry and trade, Mr. Garfield
to represent Board in collection of statistics
Deposits and Bank Investment Policy, report of Research
Committee presented to Board, at meeting
with ?residents
Proposed study referred to System Advisory
nesearch Committee
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/19 624
7/ 1 1057
12/27 1949
1/22
114
7/14 1098
8/16
1250
1/25
135
12/ 8 1823
12/12 1852
12/12 1853
12/12 1855
12/12 1856
12/22 1928
12/27 1951
10/ 5
1526
8/26 1288
4/5
544
3/1
333
:3/9
388
326
Pages
Studies: (Continued)
Financial needs of industry, cooperative arrangement with
Robert Morris Associates, discussion at
meeting of Presidents with Board
Arrangement with Robert Morris Associates,
recommendation of special committee approved
Fiscal agency operations at FRBanks, GAO examination,
not necessary, to be carried on by
Division of Bank Operations
Government bonds, educational program to prevent
unnecessary cashing, discussion of
procedure at meeting of Presidents
with Board
Educational program to prevent unnecessary
cashing, action deferred
"Impact of the Mr on Financial Structure of Agriculture",
condition reports made available to
Department of Agriculture for
Military Government Handbooks, status of, discussion
in connection with work of Cornelia B. Rose, Jr.
Monetary and banking policy in postwar period,
pamphlet re to be prepared by Mr. Langum,
question of payment
Arrangement for payment to be discontinued and
matter to be discussed with Mr. Young
Study by Mr. Langum, to be done b Bank without
charge to Committee for Economic Development
Financial arrangement re, to be completed, but
not favored by Board
Objectives of monetary policy, papers to be considered
following next meeting of FOMC
Papers being prepared by economists of Board and Banks,
procedure for consideration of, discussion
to be held after FCMC meeting on March 1, 1945
Postwar, Board members to read papers before December 8
praiminary discussion of questions re
Postwar economic program, memo by Dr. Goldenweiser re,
approved as FilSystem project
Memo of Mr. Goldenweiser re progress, procedure
for discussion of papers re
Objectives of postwar monetary policy, procedure
for discussion of papers re, letter to Mr. Day
Postwar Role of Central Banking, paper to be completed
in time for December meeting
enforcement, study by FftBank of Cleveland
Regulation
to determine extent of evasion of down
payment requirements on automobiles
elective Credit Controls, paper being prepared by
Messrs. Parry and Hardy nearly completed
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/ 1
331
3/ 9
387
2/26
307
12/11 1849
12/18 1900
2/25
304
12/ 1 1772
2/11
212
2/22
285
3/21
447
4/18
605
9/22
1452
12/12 1853
11/24 1739
5/31
858
10/ 5
1522
10/12 1560
10/ 5
1526
7/18
1123
10/ 5
1526
327
Pages
Studies: (Continued)
State Department project, continuance of work by Division
of Research and Statistics approved
Distribution of work by Division of Research and
Statistics to Government committees and
Board members
Tamagna, Frank, arrangements on part—time basis
for assisting Board in studies re
Japanese reparations, approved
Status of, discussion in connection with work
of Cornelia B. Rose, Jr.
oage rates of Boston longshorcmen, research project
re to be undertaken by FRBank of Boston,
no objection to
ar Food Administration:
Consumer credit, explanatory statements furnished
re, copies sent to FRBanks
rPlus Property Act:
Smaller Vvar Plants Corporation, powers to be granted to,
discussion at meeting of FAC with Board
rveys:
Bank deposits, temporary assignment of esley C. Haraldson
of FRBank of New York to Board's Division
of Research and Statistics for t;K) months
for work on
Individuals' holdings of liquid funds, exploratory surveys
re, payment authorized for, under certain
conditions
Industrial technological research facilities provided by
Federal Government, report of Mr. Hopkins
of FRBank of Atlanta
Ownership of deposits, report forms, changes approved
6, Retail credit, for 1944, continuation approved
'
Yartz, Mr. M. , absorption of exchange charges, letter in
reply to, enclosing copy of transcrilt of
Hearings on H. R. 3956
stem open market account:
Fanotes, securing by pledge of participations in direct
obligations of United States in, proposed
revision of plan for, letter to Mr. Sproul
re Board's position, to be prepared
Proposed revision of plan not approved, letter
to Mr. Sproul re
T4ft) Senator Robert A., memo of Dr. Goldenweiser on criticisms,
letter to FREank of Atlanta on distribution of
T-1
recommendations
°L,, Congressman Joseph h., Regulation
relaxing,
made
by
Trust Company
Colonial
for
letter
re sent to
waterbury,
Connecticut,
of
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/9
731
5/9
733
10/ 7 1539
12/ 1 1772
12/18 1902
10/18 1595
9/18 1393
3/17
428
3/21
449
10/17 1580
7/18 1123
12/23 1937
3/20
440
6/23 1010
7/ 3 1060
8/15
1244
1/14
85
328
Pages
1 .xation:
Board of Governors, building, disclaimer sent to FRBanks,
with explanatory letter to Chairmen
Disclaimer, document to be promptly executed by
FRBanks, discussion at meeting of
Presidents with Board
Procedure re execution of msster copy, letter
with memo sent to FRBanks
Executed by FRBanks, to be recorded and photostats
to be sent to FRBanks and Mr. Keech
Order of District Commissioners exempting from
California, Form 596, Annual Information Return,
rcknowledgment of copies received
FRBanks:
Excise taxes payable by, in connection with purchase
of supplies and rental of equipment
Excise taxes on items for War and Navy Departments
and Maritime Commission, letter to Bureau
of Internal Revenue requesting advice re
payment of
Income taxes, applicability of subsection (f) to
section 54 of Internal Revenue Code,
letter to Mr. Nunrm requesting advice re
Internal Revenue Code, section 117, provision re
exemption from income taxes, copies
sent to FRBanks, views requested
Not applicable to, copy of ruling sent to FRBanks
Income:
FRBank of Chicago:
Tuition nnd incidental fees under educational
program, no objection to payment of sum
for withhela taxes in connection with
and also for reimbursement to employees
of premiums for National Service Life Insurance
New York 9ta4..P, withheld under section 366 of New
York State law and taxes withheld under
sections 143 and 1A4 of Internal Revenue
Code, not classed as deposits, to be shown
in condition reports as "Other Liabilities",
in connection with Irving Trust Company inquiry
Individual Income Tax Act of 1944, new Withholding
Exemption Certificate, Form W-4, instructions
to employees of Board
l'Ition-1 banks, proposed revision of section 5219 of
Revised Statutes, no objection to
Statutes,
section 5219, no objection to
Revised
enactment of, reply to Mr. Spence
Retirement system, refunds under Board of Governors
Plan, question of income taxes on,
letter to Mr. Graves re
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/6
33
2/29
'325
4/19
625
('/1 3
957
10/31
1642
12/26
1943
7/15
11(25
7/18
1122
4/8
556
3/24
6/12
475
954
9/11
1357
6/15
268
11/ n
16(9
q 5
706
9/ 2
1215
2/11
216
329
Pages
Taxation: (Continued)
State, tax on bank deposits, question of abolishing to
correct shift of deposits, discussion
at meeting of FAG with Board
Taylor, Miss Helen A., Federal Advertjsing Agency, Inc.,
copy and
New York, Hegulation
information sent to
Reply to inquiry re financing of automobiles in
postwar period
Telegrams:
FRBanks, for account of Board, table showing number and
cost for 1939-43 sent to six FRBanks,
with suggestion that Banks absorb expense
directly
Thompson 2
Donald S., Chief, Division of Hesearch and Statistics,
FDIC, discussion of employment by FRBank of
cleveland
horP H. I., director of Peoples Bank and Trust Company of
estfield, New Jersey, and partner in
Laurence M. Marks & Co., New York City,
application of section 32 of Banking Act
of 1933, Board to discuss matter with
Lir. Rost
Brown, Bonnar, from Administrative Assistant to Assistant
Director, Division of Security Loans
Gardner, Walter, title change to Chief, International
Section
Hesearch Department at FHBanks instead of Department
of Research and Statistics
Change in personnel classification plans approved
,taff of Board of Governors:
Uniformity, change to Director, Assistant Director,
and Chief for divisions, made for sake of
Titles of Banks:
First-City Bank & Trust Company, Hopkinsville, Kentucky,
result of consolidation of City Bank,
First National Bank, and Bank of Hopkinsville
Union State Bank of i.est Salem, result after consolidation
of est Salem State Bank and LaCrosse
County Bank, Vdsconsin
i,ayne County Bank, result of consolidation of Ecorse
Savings Bank, Ecorse, Michigan, and State
Savings
Bank of Lincoln Park, Michigan
T
l''41eamerica Corporation:
Antitrust investigation by U. S. Department of Justice,
discussions with Mr. A. P. Giannini re
Axton-Fisher ToLacco Company, payment of voucher to
FRBank of San Francisco for services
in connection with examination of
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/15
776
11/27
1750
12/16
1885
5/30
851
10/ 5
1521
11/30
1760
6/26
1023
2/3
162
12/11
12/21
1844
1919
2/3
162
4/13
572
2/25
299
4/20
629
5/29
839
8/19
1;770
330
Pages
Transamerica Corporation: (Continued)
Bank holding company situation, memo from Mr. Crowley to
secretary Morgenthau re with reference to,
discussion of, copy placed in files
Bank of America N. T. & S. A., ruled ineligible for
participation in election of Class B
director at FfiBank of San Francisco
ialled ineligible for participation in election of
Class B director at FfiBank of San Francisco
Ineligible for election of Class B director,
no change in instructions re
Bank of Nevada, Las Vegas, Nevada, question of voting
permit for stock of, in connection with
application for membership in FRSystem,
no decision reached
No action in favor of to be taken, letter re to
be prepared
Application for voting permit prerequisite for
membership in FRLystem, Board not in
favor of, letter to thr. Clerk re
Application for membership in FRSystem not to be
acted upon until voting permit requirement fulfilled by, bank to be advised
Board's files on, availability to Department of
Justice, letter re to Mr. Berge
Examination of:
Information re to be made accessible to FDIC
Letter re Pacific Coast Liortgage Company, sent to
Information developed in current investigation, influence
on bank holding company legislation
First National Bank of Lamanda Park, California, purchase
of assets and assumption of deposit
liabilities by First Trust and Savings
Bank of Pasadena, California, noted in
connection with voting permit matters of
Pacific Coast Mortgage Company, examination of, letter re
request for and relationship with sent to
Denial of request that books and records be made
available for examination, copies of
correspondence re sent to Comptroller
of the Currency and FDIC
Board's response to letter re request for
examination of records of
Peoples Bank, Lakewood Village, California, examination of,
suggestions re procedure for, in connection
ibith
vs. FRBank of San Francisco, Board of Governors,
and Henry F. Grady, FRAgent, report re
court proceedings by Mr. Dreibelbis
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/5
711
5/29
841
10/25 1617
11/21
1728
5/29
840
6/29
1039
6/30 1052
7/18
1121
2/19
273
8/ 5
4/18
1210
608
1/13
66
10/ 9 1546
4/18
608
5/10
739
5/20
800
2/16
255
10/20
1600
331
Pages
Transamerica Corporation: (Continued)
Peoples Bank, Lakewood Village, California: (Continued)
Dismissal of suit against Board, statement to be
published in December issue of FRBulletin
aobertson, Leachman, Payne, Gardere & Lancaster, payment
of fees and expenses for legal services
in connection with, approved
11/23 1734
6/30 1054
Travel
:
tieduction of unnecessary travel, conventions, etc.,
cooperation of Board expressed in letter
to :eAr. Johnson, Director of CDT
Trcivel expenses:
Adams, Carl V., Assistant FRExaminer, voucher for first
half of June and additional expenditure
for roomette approved
Board's staff at international conferences, expenses to
be borne by State Department, but Personnel
Committee authorized to approve payment of
vouchers in excess of reimbursement
Bradshaw, A. .1 expense allowance for FAC meetings, approved
Cooke, H.
, Assistant FRExaminer, voucher approved
for first half of June and additional
expenditure for roomette
Division of Bank Operations, per diem increased from
*6 to 47 for employees visiting FRBanks
to reviev, operating costs
Eckert, Philip, assistant to ivir. Triffin, expenses and
per diem while on Latin American mission
to be paid by Board
Examiners of Board of Governors, per diem increased
from 46 to 0 for those participating
in examination of FftBanks and branches
Per diem of $7 to be continued during 1945
Examiners at FRBank of Cleveland, voucher for assistance
in examination of FaBank of New York and
additional expenditure approved
Ixalainers, FRBanks, allowance, to be discussed at
Presidents' Conference
Extra charges for Pullman accommodations,
payment authorized
Goldenweiser, E. A., payment of expenses at International Monetary Conference approved
Grove, David L., economist, per diem for trip to Paraguay
and other South American countries approved
Voucher for expenses and special item for dinners
in connection with South America assignment approved
Haberler, Gottfried, arrangement for special work and
daily compensation plus traveling expenses
and per diem approved for continuance of
work on State Department project
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6/8
931
6/28 1037
6/10
1/21
947
1,7,9
6/22 1007
5/6
724
3/22
464
2/4 172
12/14 1867
10/ 9 1547
2/26
308
12/15 1878
7/27 1149
7/ 4 1066
11/16 1704
5/ 9
73;.
332
Pages
Travel expenses: (Continued)
Haraldson, Viesley C., arrangement with FRBank of New York
for travel expenses while on temporary
assignment at Board
Highfield, C. a., Assistant FL-I:Examinee, voucher approved
for first half of June and additional
expenditure for roomette
Kincaid, . A., consulting economist at FRBank of
CLichmond, no additional allowance for
Krost, kartiL:
Consulting economist at FRBank of St. Louis,
transportation from i;ashington and return
and per diem allowance, noted without
objection
FRBank of Philadelphia, employment on temporary
basis for work on research project noted,
daily compensation and per diem to be
absorbed by bank
Mendershausen, Horst, economist, reappointment on temporary
basis and salary with payment of traveling
expenses approved
'Aiillard, E. o, FRExaminer, voucher approved for
additional expenditure for roomette
Voucher approved for travel expenses and additional
expenditure for compartment approved
iLurff, G. R., FRExaminer, voucher approved for first
half of June and additional expenditure
for roomette
Piton, Phillip P., Assistant FRExaminer, voucher for
first half of June and additional
expenditure for roomette approved
Poeppel, E. Betz, supervisor, Files Section, voucher
approved for trip to St. Louis and
additional expenditure for bedroom
Smith, u. G., FRExaminer, voucher for first half of
June and additional expenditure for
roomette approved
6zymczak, M. S., payment of voucher coverin expenses
during trip to London approved
Tamagna, Frank, arrangements on part-time basis for
assisting Board in State Department
studies re Japanese reparations, approved
Foreign Statistician at FRBank of New York,
voucher for expenses approved
Triffin, hobert, advance of funds for exlienses of
South American trip, approved
Increase in funds advanced for South American
trip approved
Per diem for trip to Paraguay and other
south American countries approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/17
428
6/22
1007
3/2
356
4/25
663
7/20 1128
9/18 1410
5/5
719
9/ 4 1320
6/22 1007
6/28 1037
10/ 2 l09
6/28 1037
9/12 1363
10/ 7 1539
10/24 1616
4/1
520
4/ 5
545
3/7
373
333
Pages
Travel expenses: (Continued)
Triffin, Robert: (Continued)
Per diem of 0 for assignments in Latin America
increased to ,;20
Troup, Fred i,., FR-Examiner, voucher for expenses and
additional expenditure for drawing
room approved
Alliams, George, Assistant FhExaminer, voucher for
first half of June and additional
expenditure for roomette approved
Young, .
FRBank of Kansas City, payment of voucher
and additional expenditure for roomette
approved, in connection with examination
of Salt Lake City Branch
Treasury bills as collatend security for FRnotes, appointment
of employees as joint custodians of
Treasury Department:
Bretton hoods agreements:
Draft of statement to be submitted to
,.leetings arranged by Presidents of FRBanks of
htlanta and St. Louis for bankers in
Birmingham, Louisville, and Nashville
to hear speeches by Mr. Mite re
Destruction of United States currency in combat areas,
procedure re Fanotes and FRBank notes,
satisfactory to Board
Destruction of records, letter to Administrative
Assistant to Secretary on
as essential industry, Board
classification
PfiBanks,
letter in support of FAC
request
to
revest for
Fanotes:
FRBank of San Francisco, for use in Hawaii,
letter to Secretary Bell re
Supplemental order with Hawaiian overprinting,
letter to r. Bell re
aeduction in orders for printing, program for,
matter to be discussed at meeting
Financing, no further discuss- Lon at meeting of
Presidents frith Board
Foreign Funds Control, releases, statement to be
published in FaBulletin for:
April
July
August
December
January 1945
H. R. 3513, to amend section 1313 of Code of Law for
District of Columbia, enactment favored
by Board, letter to lar. Bailey re, copy
sent to Mr. Bell
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/26
1627
7/24 1138
6/28 1037
7/13 1094
8/ 5
1211
12/ 1 1771
12/ 8 1825
4/17
597
11/18 1718
4/5
549
1/10
54
6/24
1019
9/19
1413
9/22 1453
3/24
6/23
7/26
11/23
12/29
477
1015
1146
1734
1963
3/3
361
334
Pages
Treasury Deprrtment: (Continued)
International monetary stabilization, proposed press
statement for issuance by Board, Board
not ready to commit itself
Mikesell, Raymond F., to visit Denver and other cities
to discuss Bretton Woods agreements
Ness, Normen, to visit Denver and other cities to
discuss Bretton Woods agreements
S. 1392, report requested by Senate Banking and Currency
Committee, Board to discuss draft with,
recommendation of executive committee
of FOMC
Stabilization fund, meeting re, statement of principles
to be released to press, statement of
Chairman Eccles re
TI'easury financing, no further discussion at meeting
of Presidents with Board
Desirability of uniform program of policing subscriptions,
meeting of Presidents with representatives
of Treasury End Board proposed at meeting
of Presidents with Board
Trust funds:
CorrLon:
Advertising campaign for, Board not in favor
letter to Mr. J. K. Sinclaire
Barnett National Bank, Jacksonville, Florida,
establishment of, difference between
subsections (b) and (c), letter to
Mr. McQuaid re
Investment of deposits under pension trust plan
by participation in, letter to Mr.
Lacovara re
Jackson—State National Bank, Jackson, Mississippi,
investment in common stock of bank not
permissible
4/21
633
12/19
1913
12/19
1913
7/29
1158
4/18
600
9/22
1453
12/11
1339
3/10
401
4/28
673
4/21
642
12/ 2
1781
4
a
nun
-nited Nations Bank for Reconstruction and Development,
discussion of bill for establishment of
United States Maritime Commission:
Form of Guarantee agreement, request for confirmation
of understanding on
Loans guaranteed on behalf of, memo designating repre—
sentatives for instructions re, copy
sent to FRBanks
by contractors having
agreements
Renegotiation
Regulation V loans and guaranteed by
Staff:
Williams, A. J., Secretary, ndvice of election
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/13
68
9/16
1387
10/ 4 1514
2/i4
242
1/ 7
46
335
Pages
United States of America, use of inscription on bond forms
by private company
Universal CIT Credit Corporation, correspondence re
section 8(a) of Regulation 'i,
Unsafe and tuisouna practices:
American Trust Co. of Charlotte, North Carolina, to be
warned to discontinue absorption of
exchange and collection charges
3/17
434
5/ 9
735
1/ 6
27
no'
Veterans Administration:
Distribution of materials for, by FRBanks, discussed
at meeting with Presidents
Forms 1800-1806, information re sent to FRBanks
Loans for veterans, instructions to FRBanks re
distribution of forms
Loans to veterans for home purchase or construction,
statement to be published in December
issue of FRBulletin
Loans for farms and farm equipment, regulations re,
copies to be distributed by FRBanks,
letter to Mr. Fry
Telegram to Mr. Peyton
Y,eterans Administration Uffices, list of
v eterans rreference Act of 1944:
Effect on Board's personnel procedures, no action taken
pending issuance of Civil Service uommission regulations
Leonard designated as Board's representative to
meet with Civil Service Commission to
discuss drafting of regulations for
Villasenor, Eduardo, Director General, Banco de lexico:
Acknowledgment of letter to Mr. Hammond re relationships between central banks
Proposed plan for central bank conferences, Board to
cooperate if no objection by State Department
Acquisition of stock control of Pan American Trust
Company of New York by central bank
of Lexico, matter to be handled by
State Department, question of hearing
re desired by
V
iolations:
American Trust Co. of Charlotte, North Carolina, to be
warned to discontinue absorption of
exchange and collection charges
Bank of Smithfield, Virginia, reported in examination
report, involving purchase of Virginian
Corporation Collateral Trust Notes,
ruling requested from Codiptroller of
the Currency
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/11 1841
12/ 8 1830
11/22 1731
11/23 1734
12/29 1962
12/29 1963
11/22 1731
8/18
1259
7/15
1106
9/30 1507
10/20
1601
12/22 1924
1/ 6
27
5/30
850
336
Pages
Violations: (Continued)
Regulation Q:
Absorption of exchange charges, violations by State
member banks in Louisville, discussion at
FOLIC; meeting, action delayed pending
hearings on Brown-Maybank bills
Discussion at meeting of FAG with Board, in connection with Brown-Llaybank bill
Regulation
Agreement to surrender license in event of
further violations
Consumers Home Equipment Co., consent closing
agreements, acknowledgment of copies
received from FRBank of Chicago
Visits:
Messrs. Ness and Likesell of Treasury Department to visit
Denver and other cities and be available
for group meetings to discuss Bretton
Woods agreements
Poepi-ell E. Betz, to FRBank of St. Louis, in connection
with files, expenses to be reimbursed
Representatives of Commonwealth Bank of Australia
to Board, letter to Mr. Armitage
Voorhis, Congressman Jerry, proposed holding company bill
to be discussed with
1°ting leave, absences authorized for
Voting permits:
Laystate Corporation, Boston, Massachusetts, application
as succes:,or to Old Colony Trust Associates,
letter to SEC re
Granted general voting permit
First Securities Corporation of Syracuse, New York, limited
permit gri-nted to vote stock of three banks
Hamilton National Associates, Inc., Chattanooga, Tennessee,
application for limited voting permit denied
Investment and Securities Co., Spokane, Washington,
granted limited permit to vote stock of
two national banks and annual report to
be submitted
Marine Midland Corporat:on, Jersey City, New Jersey,
to obtain voting permit before application
of Union Trust Company of Jamestown, New
York, for membership approved
General permit issued to vote stock of Union
Trust Company of Jamestown, New York
Extension of time for issuance authorized
Old Colony Trust Associates, application for voting
permit to be acted upon after entering
into agreement to acquire assets of
Associates, advice to Mr. John T. Noonan
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/5
713
5/15
770
9/28
1500
1/13
81
12/19 1913
10/ 2 1509
12/18
1906
807
5/22
10/16 1574
9/22 1434
9/26 1491
1/7
45
12/ 7 1815
1/6
32
9/14 1367
9/14 1369
10/14
1570
6/7
920
337
Pages
Voting permits: (Continued)
Old National Corporation, Spokane, livashington, granted
limited permit to vote stock of two national
banks and annual report to be submitted
Transamerica CorporatIon:
First Natiohal Bank of Lamanda Park, California,
purchase of assets and assumption of
deposit liabilities by First Trust and
Savings Bonk of Pasadena, California,
noted in connection with
General permit to be reviewed and separate permit
covering Bank of Nevada not to be issued
General permit in connection with application of
Bank of Nevada for membership, discussion of
Vouchers:
Adams, Carl V., Assistant FRExaminer, travel expenses
for first half of June and additional
expenditure for roomette approved
Board's staff at international conferences, Personnel
Committee authorized to approve payment
of vouchers for expenses in excess of
reimbursement from Treasury or State
Department
Cange, Melvyn P., FRExaminer, payment of voucher to FRBank
of San Francisco for services in examination
of Axton-Fisher Tobacco Company
Cooke, R. W., Assistant FRExaminer, travel expenses for
first half of June and additional
expenditure for roomette approved
Duplicate, destruction approved
Eccles, M. S., payment for additional expenses at International Monetary Conference approved
Examiners assisting in examination of Axton-Fisher Tobacco
Co., payment to FRBank of San Francisco
approved
Examiners at FRBank of Cleveland, expenses for assistance
in examination of FRBank of New York and
additional expenditure approved
FRExaminers, additional charges for Pullman accommodations,
payment authorized
Gales, Jerome H., payment of voucher to FRBank of San
Francisco for services in examination
of Axton-Fisher Tobacco Company
Grove, David L., travel expenses and special item for
dinners in connection with South America,
assignment approved
Highfield, C. R., Assistant Faxaminer, travel expenses
for first half of June and additional
expenditure for roomette approved
L011ard, E. H., FRExaminer, additional expenditure
for roomette approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
I/ 6
32
10/ 9
1546
6/30
1053
7/18
1121
6/28
1037
6/10
947
8/19
1270
6/22 1007
12/ 5 1807
7/26
1146
8/19
1271
10/ 9
1547
12/15
1878
8/19
1270
11/16
1704
6/22 1007
5/5
719
338
Pages
Vouchers: (Continued)
Millard, E. R.: (Continued)
Travel expenses and additional expenditure for
compartment approved
FRExaminer, payment of voucher to
J.,
Mueller, Fred
FRBank of San Francisco for services in
examination of Axton-Fisher Tobacco Company
travel expenses for first half
FRExaminer,
Murff, G. R.,
of June and additional expenditure for
roomette approved
Assistant FRExaminer, travel expenses
P.,
Piton, Phillip
for first half of June and additional
expe,..diture for roomette approved
Poeppel, E. Betz, Supervisor, Files Section, approved
for trip to St. Louis and additional
expenditure for bedroom
heimbursement for fiscal agency operations, simplified
procedure prepared by Presidents' Conference
Committee and the Treasury, to be discussed
at Presidents' Conference
Smith, J. C., FRExaminer, travel expenses for first half
of June and additional expenditure for
roomette approved
Szymczak, M. S., payment of additional expenses at
International Monetary Conference approved
Payment covering expenses during trip to London approved
Tamagna, Frank M., Foreign Statistician at FRBank of
New York, travel expenses approved
Troup, Fred ii., FRExaminer, travel expenses and additional
expenditure for drawing room approved
Lilliams, George, Assistant FRExaminer, travel expenses
for first half of June and additional
expenditure for roomette approved
Young, V.. R., FRBank of Kansas City, payment for travel
expenses and additional expenditure for
roomette approved, in connection with
examination of Salt Lake City Branch
agner, Senator Robert F., tc discuss bill re bank holding
companies with the President
11 Street Journal, request of banking editor for information
'
as to possible demand for bank credit
after war
Department:
Civilian commissions in Army, authority to make
withdrawn, letter re sent to FRBanks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/ 4 1320
8/19
1270
6/22
1007
6/28
1037
10/ 2 1509
2/11
213
6/28
1037
7/24 1138
9/12 1363
10/24
1616
7/24
1138
6/28
1037
7/13 1094
1/13
66
8/26
1288
2/21
276
.
339
Pages
Department: (Continued)
Conference on August 21-22 re termination loans, suggestions
for agenda and names of representatives
requested
Guarantee agreement, section 6) letter re interpretation
of, views requested
Loans guaranteed by, procedure to be followed re deposits
of fees, refunds and other payments in
connection with, copy of memo sent to FRBanks
1944 V-Loan Guarantee Agreement, approval by Maritime
Commission, letter to Colonel Mechem
enclosing copy of Board's circular letter
re, similar letters sent to Navy Department
and Maritime Commission
Report on H. R. 4801 on small business concerns, letter
to Bureau of the Budget approving report
and opposing bill
Report on S. 1918 to amend section 13b of FRAct,
letter to Bureau of the Budget approving
SHAEF lAssion to Luxembourg, report on Luxembourg Currency
Conversion prepared by, request for copy
and for other material relevant to banking
studies, letter to Mr. Stimson
War Food Administration:
Material to be used by discussion groups by Marketing
Reports Division, information on Regulation
4 to be furnished
loans:
Acceptance by borrowers of materials, etc., as payment
on contracts, letters re sent to FRBanks
Amounts due contractors under terminated war contracts,
letter to Mr. Hancock on H. R. 3022
making Comptroller General final judge of
Assignment of claims under Government contracts,
requirements of GAO, especially for
war loans, advice to FRBanks
Commitment fees under section 13b and Regulation V,
modification of rates, recommendation of
Presidents' Conference satisfactory to Board
Commitment rates:
FRBank of Atlanta, maximum approved
FRBank of Boston, action deferred
Telegram requesting advice re language
for establishment of maximum
ilaximum approved
FRBank of Chicago, minimum and maximum approved
FRBank of Cleveland, action on change deferred
Maximum approved
FRBank of Dallas, maximum approved
FRBank of Kansas City, maximum approved
lha.r
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/12 1237
5/12
747
9/30 1506
9/20 1427
8/ 3 1195
7/ 5 1069
12/27 1951
10/18 1595
3/20
442
4/28
674
4/22
647
9/22
1452
10/ 6
1536
10/13 1562
10/21 1606
10/25 1621
10/ 4 1514
10/12
10/20
10/14
10/14
1557
1603
1569
1569
340
Pages
Aar
loans: (Continued)
Commitment rates: (Continued)
FRBank of Linneapolis, maximum approved
FRBank of New York, maximum approved
MBank of Philadelphia, maximum approved
FRBank of Richmond, maximum approved
FRBank of St. Louis, maximum approved
FRBank of San Francisco, maximum approved
Commitments, reporting depends on whether revocable
or irrevocable
Conference, record of meetings on August 21-22, copy
sent to FRBanks, the Services, and
Mr. Hinckley
Contract Settlement Act of 1944, statement to be
published in August issue of FRBulletin
Contract termination financing, etc., whole problem to
be discussed at meeting of subcommittee
of Joint Contract Termination Board
ldth representative bankers
statement of Chairman Eccles to Mr. Baruch,
approved as general statement of Board's
views
Conference re held on January 17 and 18 at
building of Board of Governors
Copies of correspondence between Chairman Eccles
and Mr. Baruch, with copy of letter by
M. Hancock with enclosures, and in—
formation re conference, sent to FRBanks
Revised draft of btatement of Policy on Termination
Financing, copy sent to FRBanks
Contracts, legality of certain types, opinion of
Attorney General, copies sent to FRBanks
Opinion of Attorney General re, no objection to
giving out copies to interested parties
supply by strong subcontractors to weak
of
Problem
prime contractors, discussed at meeting
of FAG with Board
Works & bupply Company, loan made by
Iron
Elizabeth city
achovia Bank and Trust Company, R-1leigh,
North Carolina, guarantee fee waived for
two months
for space at buildings rented by
charges
Expenses,
Portland and Leattle Branches
Extensions of maturity under 1942 form of guarantee
agreement, copies of memos from Services
sent to FRBanks
Fh,ct, section 13b, proposed amendment, definition of
terms in, discussion of passage,
meeting of FAC vdth Board
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/ 7 1538
10/ 4 1513
10/ 7 1537
10/13 1562
10/13 1562
10/ 7 1537
4/25
665
8/30
1296
7/26
1146
1/13 73-76
1/13
76
2/ 7
176
2/ 7
176
2/12
221
1/13
81
1/18
97
2/14
231
9/ 2 1313
5/12
747
5/ 8
728
12/ 4 1788
341
Pages
;e.r. loans: (Continued)
FRbank of Richmond, advance of funds to purchase on behalf
of War Department loan to Convenience, Inc.,
Greenville, south Carolina
Form F. R. 579, instructions re applications under T loan
guarantees and 1944-V loan guarantees, to
assist COS, letter to FRbanks
Form F. s. 581 revised to cover T loans, instructions
to FRBanks
Monthly reports, subsidiary reports for V and VT
loans to be omitted
General Regulation No. 1 of Office of Contract Settlement,
copy of letter and enclosures re sent to
FRBanks
Form of T-loan Guarantee Agreement, compliance
Ath term "unconditional", advice of
Comptroller of the Currency requested
amendments to facilitate adjustments
agreement,
Guarantee
under sections 5 and 6, approved by ar
and Navy Departments, copies of letters
re sent to FRBanks
Amendments to sections 4 and 6, approved by Maritime
Commission, copy of letter re sent to FRBanks
Memo from Navy Department re dune 1, 1944 amendment
to, copy sent to FRBanks
Paragraphs 6(B) and 6(F), copies of letters re
interpretation of, sent to FRBanks
Rescission of memo from Navy Department re June 1,
1944 amendment to, advice to FRBanks
to eliminate sections 4, 5, 6
proposed.
Revision
and 7, copies of agreement and instructions sent to FRBanks, comments requested
Sections 5 and 6 of 1942 form, computation of ratio
in, copy of memo from Viar Department re
sent to FRBanks
Sections 5 and 6, adoption of special section to
define "cancelled contract" and to exclude
small contracts from computation of adjustment formula, comments requested from FRBanks
Lemo from Navy Department re adjustments
under, copy sent to FRBanks
liemor,mda from Navy and 'war Departments re
adjustments under, copies sent to FRBanks
5-7661 copy of telegram from FRBank of Chicago
and memo from Navy Department re sent to
FRBanks
Treatment of cost-plus-fixed-fee contracts
when computiLg adjustments under,
letter sent to FRBanks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3/ 7
374
12/22 1931
10/27
1636
1727
1950
8/25
1285
8/29
1;_. 93
5/22
312
5/31
863
9/ 9 1355
3/23
468
10/ 3 1512
7/12 1086
3/21
460
4/21
643
6/10
951
6/12
954
6/26
1026
3/21
460
342
Pages
4e.r loans: (Continued)
Guarantee agreement: (Continued)
Section 6, operative during period of extension
permitted by section 11, letters to FRBank
of Chicago and the Services re
Letter re interpretation of, vie; of ar
and Navy Departments requested
iemo from i,ar Department re inquiry from FRBank
of New York, copy sent to FRBanks
Section 6(h) of 1932 form, interpretation of,
memo from Navy Department re
Copy sent to FRBanks
Section 6(F), form of report on cancelled
contracts to be filed under, copy
sent to FRBanks for collunents
Guarantee agreement of 1942 or 1943, renewal or extension
of,,memo of Var Department re, copy sent
to FRBanks and wire to Los Angeles Branch
Guarantee agreements, memo from War Department re
execution and delivery of, copy sent
to FRBanks
Dating as of date prior to execution, memo from
Navy Department re, copy sent to FRBanks
Amending to provide for loer guarantee fees without
adopting 1944 V guarantee form, copy of
wire from FRBank of San Francisco and
reply from War Department re sent to FRBanks
Letter transmitted by FRBank of New York to financing
institutions with outstanding agreements of
ilar Department, copy sent to FRBanks
Guarantee fees:
Elizabeth City Iron works and Supply Co., fee
waived for tv.o months in case of loan to
vjns1oa Marine Railway and Shipbuilding Company,
Seattle, V..ashington, fee of zero on loan
to be made by, approved, to be guaranteed
by Navy Department
Guarantee of contractor against insolvency of contractor
above him, discussion of problem at meeting
of FAC with Board
Guaranteed:
Compromise settlements involving, copy of memo
from V,ar Department sent to FaBankL,
Maritime Commission, letter re agreements and
amendments in connection with, copy
sent to FRBanks
.lemo designating representatives for instructions re, copy sent to FRBanks
Navy Department, memo re procedure for collection
and settlement, and memo re purchasing
by Guarantor, copies sent to FRBanks
Photostats of documents sent to FRBanks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1/22
116
5/12
747
7/25 1143
126
836
6/29 1047
6/20
999
9/22 1435
2/26
310
6/10
951
104 1873
12/23 1937
9/ 2 1313
6/22 1006
2/14
232
10/ 7 1542
6/3
880
10/ 4 1514
9/28 1500
3/10 1225
343
Pages
Aar
loans: (Continued)
Guaranteed: (Continued)
Eeports on forms 577 and 579, instructions to FaBanks
ar Department, memo on procedure as to loans in
distress, copy sent to FRBanks
Procedure to be follov,ed re deposits of fees,
refunds and other payments in connection
with, copy of memo re sent to FaBanks
Purchased in part by, procedure for obtaining
\erification of aata, copy of memo from
Par Department sent to FPWanks
Lamb-Grays Harbor Company, Hoquiam, 'iashington,
application for guarantee of VT loan,
delay re, letter of explanation
Loan agreement:, relating to guaranteed loans, letter
from FaBank of Chicago and memo from
V,ar Department
iemo from Navy Department supplementing 5-794/
copy sent to PI:Wanks
laatto from nar Department re protection of assignees
in certain cases, copy sent to FftBanks
iemo from etx. Department re special provision to be
contained in a war loan agreement,
copy sent to FRELnks
izemo prepared by FRBank of Dallas for use on aegulation V
Loan Program, no objection to by Services,
changes suggested by Board
i4arragansett ILachine Company of Paltucket, tlhode Island,
records at FftBank of Boston to be made
available to Senate lilitary Affairs
Committee in connection with nominations
of Mr. Hurley and Li.eutenant Colonel
Heller for 'Surplus Property Board
Navy contracts, revised directive re transfer and
assignment provisions, copy sent to FaBanks
Agree,lient, advice requested from
Guarantee
-Loan
1944 V
Comptroller of the Currency re compliance
with term "Unconditional" in Exception 10
to section 5200 of ftevised Statutes
Letters from .ar and Navy Departments re sent to
FRBanks, supply to be forwarded
Amendment to instructions re, copy of memo from
,ar Department sent to FaBanks
Maritime Commission, acknovae 0.ment
by
Approve.1
of letter re
Advice to FRBanks
Letter to the services enclosing copy of
Board's circular letter re
In compliance ;,;ith term "unconditional", advice from
Comptroller of the Currency, Fa3anks notified
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/::7 1634
4/25
664
9/30 1506
10/ 6 1536
1:122 1931
8/22
1277
E/12 1862
2_/12
222
5/3
701
4
171
12/ 8
1823
1/22
115
9/12
1362
9/12
1362
9/13
1365
1387
9/19 1422
9/16
9/20
1427
9/27
1497
344
Pages
i,ar loans: (Continued)
1944-'v loans for .,ar Department and Maritime Commission,
application, instructions to FRBanks
kolicies Eind procedures of the Services, undesirable
trends in, letter to FRBank of Dallas
re proposed conference in connection with
Regulation V:
Credit outstanding, letter to Mr. Kingsley Kunhardt re
New program re terminated contracts, discussed
at meeting of FAC with Board
f‘evision of, draft sent to FRBanks, comments
and suggestions requested
Letters to the Services re proposed,
advice requested
Transmission of proposed regulation to
Director of Contract Settlement
for approval authorized
Transmission of proposed regulation to
Mr. Hinckley, birector of Contract
Settlement
Approved by Director of Contract Settlement,
photo-offset negatives, copies available
to FRBanks, amendment to Regulation A in
connection with
Lffective September 11, 1944
Renegotiation agreements by contractors having loans
guaranteed by Maritime Commission, copy
of letter from Maritime Commis.ion sent
to FRBanks
form of guarantee agreement,
1942
under
Renewal
"final maturity date" refers to credit,
telegram to FRBanks
kteview of operations as of April 6, 1944, press
statement to be released
Smaller Viar Plants Corporation, letters in reply to
statement of FAC re loans up to ii25,000,
further action deferred till next full
meeting of Council
Statement of FAC re loans up to 125,000, not to
be released at present
Termination financing, discussion of meeting and
reports re at meeting of FAC with Board
agreements, memo from sar
guarantee
Terminated
Department re submission of statements
of guarantee fees received on
1-Loan Guarantee, application form and revised FR 577,
copies and instructions sent to FRBanks
T-Loan Guarantee Agreement, compliance vdth Exception 10
to section 5200 of U. S. Revised Statutes
and with term "Unconditional", copy of
letter from Comptroller of the Currency
sent to FRBanks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/ 9 1546
2/10
191
11/ 7 1666
9/18 1409
6/2
876
7/17 1119
8/ 4 1201
2/ 5 1211
8/12 1235
9/ 6 1328
:114
242
5/20
301
4/7
552
1/5
22
2/14
230
2/14
232
9/ 6 1335
9/ 7 1342
9/ 8 1350
345
Pages
t.a
loans: (Continued)
T-loan guarantees, Statement of Eligibility, MR= from
War Department re proposed form, copy
sent to FRBanks
Letter from Maritime Commission enclosing form
for, copy sent to FRBanks
T-Loan program, advice of revision of Regulation V and
amendment of Regulation A, schedule of
rates and fees and enclosures re sent to
FRBanks, the Services, and Mr. Hinckley
Press statement to be released, instructions to FRBanks
Copy sent to FRBanks, Ir. Hinckley, and the Services
Termination loans:
Commitment fee, proposal of Chairman Eccles
discussed, no action taken
Conference re policies and procedures to be held,
FRBanks advised and names of representatives requested
Conference to be held on August 21, each bank to have
only one representative, telegram to FRBanks
of St. Louis and ainneapolis requesting names
Procedure for obtaining legal opinion on incorporation
of borrower and validity of contract, inquiry
from FRBank of Minneapolis and reply from
Navy Department, copies sent to FRBanks
Proposed form of guarantee and loan agreement,
letters enclosing drafts sent to FRBanks,
comments and suggestions requested
"Recommendations as to T-Loan Policy", forms of
Guarantee and Loan Agreements re, and
Explanatory Notes sent to Director of
Contract Settlement, advice to the Services
evised form of guarantee and loan agreement, copies
with proposed instructions and note:, sent
to FRBanks, coLiments and suggestions
requested
Schedule of fees and maximum interest rate,
letter to Mr. -incKley approved
Approved by Director of Contract Settlement
T loan agreement, disposition of duplicate copies
of statements re Paragraph 7, copies of
letters from Detroit Branch and V.ar
Department sent to FRBanks
Paragraph 5, memo from Navy Department re
interpretation, copy sent to FRBanks
oection 6, letter from FRBank of San Francisco
and reply re interpretation of, copies
sent to FRBanks
Certificates and reports in Explanatory Notes
32 and 34 in connection with, copy of meldo
from Navy Department re sent to FRBanks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/ 8 1349
9/15 1381
9/ 6 1331
9/ 8 1346
9/ 8 1347
8/1
1265
8/ 8
1217
8/ 9 1222
12/ 9 1835
5/10
739
8/ 8
12,16
7/ 4 1065
8/31 1',99
9/ 6 134-8
11/28 1754
12/ 6 1811
12/15 1878
1:/19 1913
346
Pages
loans: (Continued)
Transmission of information to financing institutions and
Liaison Officers, memo from War Department
re, copy sent to FRBanks
Transmission of information to Liaison Officers, letter
to FRBanks re
Uniform Termination Article and a Statement of Principles
for Determination of Costs upon Termination
for Fixed-Price Supply Contracts, letter to
Mr. Hancock, acknowledging drafts of
V-loan guarantee agreements, authority for consent to
changes in contracts as collateral and
to termination settlements, memos from
the Services and letters re, copies sent
to FRBanks
V and VT loans, statement re sent to Messrs. Gamble and
Spence and members of House Banking and
Currency Committee in connection with
H. R. 4804
V or VT guarantee agreements, memo from Navy Department
re execution of on reprinted form, copy
sent to FRBanks and the Services
VT loans, applications, policy of Maritime Commission,
copy of letter re sent to FRBanks
Department re, copy of statement
Navy
Policy of
FRBanks
to
sent
and Shipbuilding Company, Seattle,
Railway
iiinslow Marine
Vashington, guarantee fee of zero on loan
to be made by, approved, to be guaranteed
by Navy Department
Commission:
Manpower
Banks as essential activity, letter of Chairman Eccles
transmitting request of FAG re, sent to
Messrs. McNutt and Hershey
Banks as services to be granted locRlly needed designations,
method of publication of statement to be left
to Messrs. Fleming and Leonard
Manpower problem of member banks, draft of letter to
Mr. McNutt transmitting letter of executive
committee of FAG, to be revised and approved
after discussion of matter by lAr. Leonard
with Comptroller of the Currency and FDIC
Staff:
ppley, Lawrence A., suggestion that hearing be
arranged at next meeting of Presidents
on problem of executive development
'son & Pasco & Brown, letter re right of Alabama national
bank to exercise fiduciary powers in Florida
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5/27
838
7/ 5 1068
1/3
6
10/28 1640
9/ 2 1314
5/1
693
3/6
369
3/3
361
6/22 106
4/;14
656
6/7
927
4/14
583
3/ 1
348
1/ 4
10
347
Pages
Welfare and Recreational Association:
Agreement with Board as to manazement of cafeteria,
termination of
Cafeteria and dining rooms, deficit in operation of,
arrangement discontinuing management fee
and for purchase of food through, to be
worked out if possible
Western Union Telegraph Company, reimbursement for services
of Miss Muriel Pace, telegraph operator,
approved
Extension of authorization to reimburse for services
of Muriel Pace as telegraph operator
V,Ierry, Senator Kenneth S., absorption of exchange and
collection charges, ruling on, letter
re comment of Nebraska banker on
Williams, Mr. Albert J., Regulation W, applicability to
loans by building and loan associations
to shareholders, letter re sent to
Withdrawals from FRSystem:
Bank of Canton, Georgia, six months notice waived and
application for immediate approved
Permission granted to FDIC to examine in connection
with continuance of insurance
Brink of Commerce, Clayton, Alabama, application for
immediate approved and permission granted
to FDIC to examine in connection with
continuance of insurance
Bank of Soperton, Georgia, application for immediate
approved and permission granted to FDIC
to examine in connection with continuance
of insurance
Blackshear Bank, Blackshear, Georgia, permission granted
to FDIC to examine for continurnce of
insurance after withdrawal from FRSystem
Six months notice waived and application for
immediate approved
First State and Savings Bank of Holly, Michi -nn,
permission granted to FDIC to examine
for continuance of insurance after
withdrawal from FRSystem
Six months notice waived and application for
immediate approved
Pinr. Lawn Bank and Trust Company, Pine Lawn, Missouri,
order for hearing on forfeiture of
membership, to be issued
Copies and instructions re sent to FRBank of St. Louis
Proposed hearing and order, to be postponed
indefinitely pending change in bank's
practices, Board to review letter to
be sic,ned by directors re
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4/24
655
4/14
577
10/17
1591
12/14
1869
1/10
53
4/10
560
7/11
1032
7/13
1091
157
1/21
110
9/16
1386
9/27
1496
9/16
1336
11/27
1749
3/21
3/27
453
482
4/ 4
530
348
Pages
Withdrawals from FRSystem: (Continued)
Pine Lawn Bank and Trust Company, Pine Lawn, Missouri: (Continued)
Order for hearing re forfeiture of membership,
issuance postponed pending further
7/27 1148
examination
Renwick Savings Bank, Renwick, Iowa, six months' notice
8/22 1275
waived and permission for immediate granted
Permission granted to FDIC to examine for continuation
9/22 1433
of insurance after withdrawal
Union Bank of Winchester, Virginia, six months notice
waived and permission for immediate
429
3/17
approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
@FedFRASER