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303 A rooting of the Federal Reserve Board was held. in the Office of the Board on Thursday, April 14, 1921, at 4:30 p.m. • PRESENT: Governor Harding Mr. Platt Mr. Hamlin Mr. Miller Mr. Cri ssinger Mr. Hoxton, Secretary. Reading of the minutes was omitted. The Governor reported. the reserve positions of the several Pederal Reserve balks as at close of business April 12th, and. the status of redi sc aunt s between the Federal Res erve banks as of the Same date. Letter dated April 8th, from the Federal Reserve Bank of Cleveland, transmitting for approval of the Board the recommendations for salary adjustrnants in that Bank, made by the Board of Directors in accordance with the plan of .making adjustments effective the first of the month following the anniversary month of em- Approved, upon recommend9..tion of Mr. Platt and Mr. Miller. Letter dated. April 12th, from the Chairman of the Federal Beeerve Bank of Atlanta, advising of the employment by that Bank Of Mr. P. G. Taylor, at a salary of $3,600 per annum, and the trans- ference to the head office from the Birmingham Branch of Mr. Urquhart, at a salary of :t2,400 per annum. Approved. • 304 -2- Crisnce. submitted to the Board a statement showing the finalcial condition of the office of the Bureau of the Comptroller of the Currency as of March 2, 1921. After discussion, the meeting adjourned. at 5:20 p.m. 11-7 :e)ORT3 F COLT1,7ITT72, MO. 1: Dated April 14th, Recomrivnding that authority be giv en to certain National banks to purchase stock in corporations organized under tho Edp;e Act, as set forth in the auxiliary minute book as of this date. Approved. Secretary. APProved:
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