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148 Minutes of actions taken by the Board of Governors of the Federal Reserve System on Friday, August 21, 1953. PRESENT Mr. Mills, Acting Chairman Mr. Carpenter, Secretary Mr. Sherman, Assistant Secretary Mr. Kenyon, Assistant Secretary Telegrams to the Federal Reserve Banks of Boston, New York, Philadelphia, Chicago, and St. Louis stating that the Board approves the establishment without change by the Federal Reserve Banks of Boston and St. Louis on August 17, and by the Federal Reserve Banks Of New York, Philadelphia, and Chicago on August 20, 1953: of the rates of discount and purchase in their existing schedules. Approved unanimously.