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567 Minutes of actions taken by the Board of Governors of the Federal Reserve System on Friday, April PRESENT: 9, 1954. Mr. Szymczak, Acting Chairman Mr. Evans Mr. VardemAn Mr. Sherman, Assistant Secretary Mr. Kenyon, Assistant Secretary Telegrams to the Federal Reserve Banks of New York, Cleveland, Richmond, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco stating that the Board approves the establishment without change by the Federal Reserve Bank of St. Louis on April 5 and 8, by the Fed- eral Reserve Banks of Richmond and San Francisco on April 7, and by the Federal Reserve Banks of New York, Cleveland, Minneapolis, Kansas City, and Dallas on April 8, 1954, of the rates of discount and pur- chase in their existing schedules. Approved unanimously. Memoranda from appropriate individuals concerned recommending Personnel actions as follows: APPointment, effective upon the date of assuming duties Ilame and title Division Type of appointment C onstance L. McKeague, Research and Statistics Clerk Salar increases, effective April 11 is-me and title Basic annual salary *3,030 Temporary indefinite 1954 Division Basic annual salary From To Board Members' Offices RenrY Tidwell, Messenger Ruth E. Morris, Secretary $2,792 $2,990 4,295 4,420 568 4/9/54 -2- saaa/LLI__..ncreaseseffec2.2A Name and title (continued) Division Basic annual salary From To Office of the Secretary Jacquelyn Haas, Pile Clerk 2,950 $3,030 3,030 3,110 2,950 3,030 4,705 4,830 7,240 7,440 4,955 5,120 2,830 2,950 3,030 3,175 3,175 3,255 5,310 5,435 2,950 3,030 2,950 3,030 2,950 3,030 3,655 3,785 4,205 4,330 3,415 3,495 Research and Statistics Faye B. Cohen, Clerk-Stenographer Margaret F. Ebenfield, Clerk Dorothy D. Reeves, Secretary Orville K. Thompson, Economist Ethel L. Evans, Statistical Assistant Mary Ann Nichols, Clerk-Typist Vivian C. Rosenson, Clerk International Finance Patricia Brown, Clerk-Stenographer Gordon B. Grimwood, Economist Mary J. Katinas, Clerk-Stenographer Mary C. Van Fossen, Clerk Gladys Willard, Clerk Mary F. Miller, Statistical Assistant Examinations john P. Donovan, Assistant Federal Reserve Examiner Xorma L. Neitzey, Clerk-Stenographer 569 4/9/54 -3- ยง2.16112_12911-111-11LITELL111_1221 (continued) Basic annual salary From To Efal_e_and title Division Bank 0perations Gloria M. Humphries, Clerk-T ist $3,190 $3,270 2,792 2,910 3,335 3,415 3,030 3,175 Administrative Services Abner Thompson, Mail Clerk Carl E. Peuchert, Jr., Clerk Office of Defense Loans Dorothy M. Drayer, Clerk-Stenographer Approved unanimously. Letter to the Board of Directors, The Harter Bank & Trust Company, Canton, Ohio, reading as follows: Pursuant to your request submitted through the Federal Reserve Bank of Cleveland, the Board of Governors of the Federal Reserve System approves the establishment of a branch located thirty feet east of the northeast corner of Second Street and Piedmont Avenue, Canton, Ohio, by The Harter Bank & Trust Company, Canton, Ohio, provided the branch is established by September 25, 1954. Approved unanimously, for transmittal through the Federal Reserve Bank of Cleveland. Letter to the Board of Directors Genesee County Savings Bank, lint, Michigan, reading as follows: Pursuant to your request submitted through the Federal Reserve Bank of Chicago, the Board of Governors of the Federal Reserve System approves the establishment of a 570 4/9/54 -4- branch at the southwest corner of North Saginaw Street and Kurtz Avenue in Beecher Heights, Michigan, by Genesee County Savings Bank, provided the branch IS established by January 3) 1955. Approved unanimously, for transmittal through the Federal Reserve Bank of Chicago. Letter to the Federal Deposit Insurance Corporation, Washington, D. C., reading as follows: Reference is made to your letter of March 31, 1954, concerning the application of the Citizens State Bank, Roby, Texas, for continuance of deposit insurance after its withdrawal from membership in the Federal Reserve System. No corrective programs have been urged upon the bank or agreed to by it which, in the opinion of the Board of Governors, would be considered desirable to incorporate as conditions to the continuance of deposit insurance. Approved unanimously. Letter to Mr. Berge, Secretary and Assistant Counsel, Federal Reserve Bank of Boston, reading as follows: 2, Receipt is acknowledged of your letter of April Attorney 1954 enclosing a letter from the United States at Boston asking the assistance of your bank in locating Verdun H. Williams, one of the defendants in a criminal case against Public Loan Trust Company of Malden for violations of Regulation I'd. You state that it is the desire of your bank to cohis operate fully with the United States Attorney in Dethe to prosecution of any Regulation W case referred no has bank partment of Justice by the Board, but your facilities for tracing the whereabouts of Williams. 571 4/9/54 The Board is in accord with the position of your bank in this matter. Obviously, if you had information as to the whereabouts of Williams, the information would be made available to the United States Attorney. However, since the only available information is that he has moved either to Florida or California, it is suggested that you advise the United States Attorney in accordance with the views outlined above. Approved unanimously. Assistan etary
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