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378 A special meeting of the Federal Reserve Board was held in the office of the Federal Reserve Board on Friday, April 23, 1926 at 3:05 p.m. PRESENT: PRESEUT ALSO: The Chairman Governor Crissinger Mr. Platt Mr. Hamlin Mr. James Mr. Noell, Assistant Secretary Mr. McClelland, Assistant Secretary. Mr. Wyatt, General Counsel Mr. Collins, Deputy Comptroller of the Currency. The Governor stated that the meeting had been called nursuant to a request made of him by the Chairman of the Committee on Banking 641(1 Currency of the Senate for an exnression of the Board's views on R. R. 29 the so-called McFadden Bill, as reported to the Senate by that Cor araittee. Mr. Hamlin submitted the following! Proposed resolution: "Believing that this bill is an important step in the right direction, and believing also that further modification might jeopardize the passage of any bill at this session, the Federal Reserve Board hereby records its approval of H. R. 2 as reported to the Senate by its Committee on Banking and Currency, in response to the request for an opinion by the Senate Committee". At the suggestion of Governor Crissinger, by unanimous consent, the proposed resolution was revised to read as follows: "In response to the request for an o2inion by the Senate Committee, the Federal Reserve Board hereby records its apnroval of H. R. 2, as renorted to the Senate by its Committee on Banking and Currency, believing that this bill is an imnortant step in the right direction". The above resolution, as revised, being moved and seconded, was put by the chair and unanimously carried. 379 4 /23/26 2 - Report of Committee on Examinations on letter dated April 13th fl'0711 the Federal Reserve Agent at Boston, transmitting and recommending approval of an annlication of the Waltham Trust Company, Waltham, Ilassachusetts, for Permission to establish a branch in the town of Weston, Massachusetts; the Committee reporting that the pronosed branch 1'8 in contiguous territory and in a town where no banking accommodation ezists. Upon motion, the application was anproved. Report of Conrnittee on Salaries and Expenditures on letter dated 4-1)ril 20th from the Chairman of the Federal Reserve Bank of Dallas, reqtlesting approval of the action of the directors of that bank in authori2lrig a contribution of $1200 to the fund being raised by the Chamber of Coerce and the Dallas Clearing Hoase Association for entertaining the delegates to the annual convention of the American Institute of Banking t° be held in Dallas the week of July 12th, and authorizing, in addition, a ner for delegates from other Federal reserve banks; the Committee erlamending approval. Approved. The meeting adjourned at 3:25 P.M. Assistant Secretary. , 44?el.e4 A9Ae Chairman,
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