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r4^1 ." 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.