The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
-46-1(0 - tem ,_ A meeting of the Board of Governors of the Federal Reserve Sysneld in Washington on Saturday, August 14, 1943, at 11:00 a.m. PRESENT: Mr. Mr. Mr. Mr. Mr. Eccles, Chairman Ransom, Vice Chairman Szymczak Draper Evans Mr. Mr. Mr. Mr. The atter Morrill, Secretary Bethea, Assistant Secretary Carpenter, Assistant Secretary Clayton, Assistant to the Chairman action stated with respect to each of the matters herein- referred to was taken by the Board: The uu-uutes of the meeting of the Board of Governors of the Fed- Reserre System held on August 13, 1943, were approved unanimously. Memorandum dated August 11, 1943, from Mr. Paulger, Chief of the Divisi On of Examinations, recommending that Miss Violet M. Rice be 41)1101 .rt4. 4 ed as a stenographer in that Division, with basic salary at the rat ot $1, 44° Per annum, effective as of the date upon which she enters ' 4n -()11 the Performance of her duties after having passed satisfactorily the 4 Physical examination, subject to a satisfactory check of her ret,, , rences. Approved unanimously. 4e140randum dated August 12, 1943, from Mr. Goldenweiser, Direc°t the D. . lvlsion of Research and Statistics, recommending that the salar Y of Miss Mary Louise Hamm, a clerk-stenographer in that ' veloh_ "e increased from $1,560 to 41,680 per annum, effective Au,Nt 16 1943. Approved unanimously. 1202 8/14/43 -9- Letter to Mr. Meyer, Assistant Cashier of the Federal Reserve 13etk f Chicago, reading as follows: "The Board of Governors approves the changes in the perSO chrel classification plan of the Federal Reserve Bank of s ?ag°, involving the establishment of the positions of ise 8t 113-or Clerk, Security Mail Division, and Senior Clerk, Reg„A,!red Surrenders Division, Bond Department, as submitted your letter of August 5, 1943.” Approved unanimously. Letter to Mr. Gilbert, President of the Federal Reserve Bank of a reading as follows: so "The Board of Governors approves the change in the pertalFt 11 4:Ittization plan of the Federal Reserve Bank of. the establishment of the position of Assistin the R.k.G. Custodies Department as submitted with LA Your letter of August 6, 1943. wif,"the name of the department on the Form A page submitted " Your letter is given as R.F.C. Custodies, whereas the of the department as shown on the Form A sheets covering the custPositions previously established is R.F.C. aad 478- It is assumed that the name of the department 0: P.WAtp is is ; t enanged and upon receipt of advice from you that such the cile ease, appropriate changes will be made in the name of el .ePartnient as shown on pages 54 to 59 of the personnel ossification plan. lulmb "The Form A page submitted with your letter was not alid erect. It is assumed that this should be numbered 54-A Ur ad as to whether this is correct will be ap- Approved unanimously. "The American National Bank of Gadsden", Gadsden, klab8111a, r eet t'.,:r , to ciA-Ling as follows: has "The Board of Governors of the Federal Reserve System Pow4lIren consideration to your application for fiduciary trW el_and grants you authority to act, when not in con:1"1°11 of State or local law, as trustee, executor, adtate'rator, registrar of stocks and bonds, guardian of 's' e assignee, receiver, committee of estates of lunatics, 8/14/43 -3"or . 14 any other fiduciary capacity in which State banks, trust „ companies or other corporations which come into com1i0 With with national banks are permitted to act under rtie of the State of Alabama, the exercise of all such sights to be subject to the provisions of the Federal Re4,s_rve Act and the regulations of the Board of Governors of 7deral Reserve System. ria 'This letter will be your authority to exercise the tiouciarY Powers granted by the Board pending the preparaa formal certifi cate covering such authorization, will be forwarded to you in due course." t Approved unanimously. Letter to the Presidents of all the Federal Reserve Banks, readivs.. 444,. as follows: the "Fcr your information and records in connection with .A execution of Regulation V guarantees pursuant to Execrilve Order out 9112, there is enclosed a photostat of a memofarlaum dated August 6, 1943, from the Chief of the Office Asslfrocurement and Material of the Navy Department to the tenlstant Chief in Charge of Procurement, appointing LieuEdward B. smith, U.S.N.d., as Assistant Chief of inance Section with authority to take the actions set forth Of C,in Paragraph 4 of the Navy Department's memorandum -%ruary 27, 1943. 1943 Since it appears that the memorandum of February 27, to tc, above referred to has not heretofore been furnished encine Board and the Federal Reserve Banks, there is also restT!ed a Photostat of that memorandum, which contains a autha'ement of the duties of the Finance Section and of the or 4° ,,ritY conferred upon the Chief and the Assistant Chief e Finance Section ." Approved unanimously. Letter to the Comptroller of the Currency, reading as follows: "It• Is respectfully requested that you place an order with , orcCert,he Bureau of Engraving and Printing, supplementing the era " Of dune 15 1943, for printing of $30,000,000 of FedB Reserve notes of the 1934 Series for the Federal Reserve °f Atlanta in the 160 denomination." Approved unanimously. 1204 4 -4- Thereupon the meeting adjourned. Secretary. Chairman.
@FedFRASER