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Minutes of actions taken by the Board of Governors of the
Federal Reserve System on Friday, April 6, 1951.
PRESENT:

Mr.
Mr.
Mr.
Mr.
Mr.
Mr.

Martin, Chairman
Szymczak
Evans
Vardaman
Norton
Powell
Mr. Sherman, Assistant Secretary
Mr. Kenyon, Assistant Secretary

Minutes of actions taken by the Board of Governors of the
Pederal Reserve System on April 5, 1951, were approved unanimously.
Telegrams to the Federal Reserve Banks of Boston, New York,
?hiladelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis,
tnneapolis, Dallas, and San Francisco stating that the Board approves
the establishment without change by the Federal Reserve Bank of San
Prancisco on April 3, by the Federal Reserve Banks of Atlanta and St.
4/1116 on April 4, by the Federal Reserve Banks of New York, Philadelphia,
Cleveland, Richmond, Chicago, Minneapolis, and Dallas on April 5, 1951,
444 .bY the Federal Reserve Bank of Boston today, of the rates of discount
'
814 Purchase in their existing schedules.
Approved unanimously.
Memorandum dated April 3, 1951, from Mr. Noyes, Director of
the

Division of Selective Credit Regulation, recommending an increase

14 the basic salary of Mrs. Margaret Wolfe, Secretary to Mr. Boothe




k

4/6/51
ta that Division, from $3,600 to $3,72, per annum, effective April
15) 1951.




Approved unanimously.