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1260

Minutes of actions taken by the Board of Governors of the
Federal Reserve System on Friday, August 20, 1954.
PRESENT:

Mr. Mills, Acting Chairman
Mr. Carpenter, Secretary
Mr. Kenyon, Assistant Secretary

Telegrams to the Federal Reserve Banks

of Boston, New York,

Philadelphia, St. Louis, and San Francisco stating that the Board
approves the establishment without change by the Federal Reserve
Banks of Boston and St. Louis on August 16, by the Federal Reserve
Bank of San Francisco on August 18, and by the Federal Reserve
Banks of New York and Philadelphia on August 19, 1954, of the
rates of discount and purchase in their existing schedules.
Approved unanimously.
Letter to Mr. Stetzelberger, Vice President, Federal Reserve
Bank of Cleveland, reading as follows:
In accordance with the request contained in
your letters of August 16, 1954, the Board approves
the appointments of Robert G. Sundberg and Raymond
C. VahDerwall, Jr. as assistant examiners for the
Federal Reserve Bank of Cleveland. Please advise
as to the dates upon which the appointments are made
effective and as to salary rates.




Approved unanimously.