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1472 Minutes of actions taken by the Board of Governors of the Federal Reserve System on Monday, August 22, 1955. The Board met in the Board Room at 10:00 a.m. PRESENT: Mr. Mr. Mr. Mr. Mr. Martin, Chairman Szymczak Vardaman Mills Shepardson Mr. Mr. Mr. Mr. Mr. Carpenter, Secretary Kenyon, Assistant Secretary Thurston, Assistant to the Board Riefler, Assistant to the Chairman Molony, Special Assistant to the Board The following members of the staff of the Division of Research and Statistics also were present: Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Young, Director Garfield, Adviser on Economic Research Koch, Assistant Director Eckert, Chief, Banking Section Gehman, Chief, Business Conditions Section Miller, Chief, Government Finance Section Simpson, Chief, Business Finance and Capital Markets Section Weiner, Chief, National Income, Moneyflows, and Labor Section Allen, Economist Klaman, Economist P. Smith, Economist Trueblood, Economist The staff of the Division of Research and Statistics presented a l'eview of business and financial developments. Mr. Eckert's comments, Made in the course of the review, included reference to a study which had 1473 8/22/55 been made, pursuant to a suggestion by Governor Vardaman, concerning the recent trend in bank liquidity ratios. Folloving a discussion based on this presentation, the meeting adjourned.
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