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- 273 1 At a meeting of the Lxecutive Committee of the Federal Reserve Board, held in the office of the Governor, ':;ednesday, August 14, 1918, at 3:10 P.M., Mr. Harding, presiding Lir. Miller Hamlin Mr. Broderick, noting Secretary. Business was presented and disposed of as follows: Report submitted by ax'. Harding and 11r. Hamlin recommending admission of State institutions as set forth in the auxiliary minute book as of this data, subject to conditions stated in the individual report attached to each application. Dated August 15th, application of Second rational Bank of Baltimore for permission to accept drafts drawn upon it up to 100,; of its capital and surplus under provisions of :suction 13 of the Federal Reserve Act. Approved. Memorandum of Counsel dated August 14th, in re application of the Emerson and Buckingham Bank and Trust Co., in process of conversion for permission to exercise trust powers under authority of ,3ection 11-K of the Federal Reserve Act. Recommendation of Counsel to effect that Company be advised that its application will be acted upon when the examiner's report is received and that arrangements be made with the Comptroller's office to permit the application for conversion to be withdrawn in the event that the Board re 121 -2- fuses the application for permission to exercise trust powers and also that this plan be adopted in all cases of this character. Approved. Lease for space occupied by Division of Foreign Lxchange at 50 t,all Street, New York, from Federal Reserve Bank of New York at .?.2.37 per square foot per annum. 4proved. P.Z2OPT 02 caa.a.TT. NC. 1: Dated August 14th, recommending admission of State institutions as set forth in the auxiliary minute book as of this date, subject to the conditions stated in the individual reports attached to each application. At 3l50 P.:., the meeting adjourned. Actin .iepproved: Secretary.
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