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Minutes of actions taken by the Board of Governors of the Federal Reserve System on Wednesday, April 8, 1953. PRESENT: Mr. Mr. Mr. Mr. Martin, Chairman Szymczak Evans Vardaman Mr. Carpenter, Secretary Mr. Sherman, Assistant Secretary Mr. Kenyon, Assistant Secretary Minutes of actions taken by the Board of Governors of the Federal Reserve System on April 7, 1953, were approved unanimously. Letter to Mr. Parten, Federal Reserve Agent, Federal Reserve Bank Of Dallas, reading as follows: "In accordance with the request contained in Mr. Gilbert's letter of March 31, 1953, the Board of Governors approves the payment of salaries to the following members of the Federal Reserve Bank of Dallas and its Branches, at the rates indicated, effective April 1, 1953: Annual Salary Title Name Office Head Assistant Federal Reserve E. G. Hudel $8)041.00 Agent Federal Aseistant Alternate J. M. Ashley 5,371.89 Reserve Agent Federal Assistant Alternate Edward Price 5,076.73 Reserve Agent Houston Branch Federal Reserve Agent's Roy E. Maley Representative 7,357.36 Federal Reserve Agent's C. E. Purifoy Representative 7,357.36 San Antonio Branch Federal Reserve Agent's Frederick Schmid 6,688.95 Representative William R. Stockwell Federal Reserve Agent's 6,445.12" Representative Approved unanimously. -2- 4/8/53 Letter to the Board of Directors of The Citizens Bank, Bate ville, Arkansas, stating that, subject to conditions of membership nuMbered l and 2 contained in the Board's Regulation H, and the following special condition, the Board approves the bank's application for membership in the Federal Reserve System and for the appropriate Eanount of stock in the Federal Reserve Bank of St. Louis, effective If and when the bank is authorized to commence business by the approPriate State authorities: 3. At the time of admission to membership, such bank shall have a paid-up and unimpaired capital stock of not less than $1000000 and other capital funds of not less than $65,000. Approved unanimously, for transmittal through the Federal Reserve Bank of St. Louis.
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