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1_375 A meeting of the Board of Governors of the Federal Reserve System Was held in Washington on Thursday, August 23, 1945, at 10:30 a.m. PRESENT: Mr. Mr. Mr. Mr. Eccles, Chairman Ransom, Vice Chairman Szymczak Draper Mr. Carpenter, Secretary Mr. Connell, General Assistant, Office of the Secretary Mr. Morrill, Special Adviser Mr. Thurston, Assistant to the Chairman The action stated with respect to each of the matters hereinaftp. -4 referred to was taken by the Board: The minutes of the meeting of the Board of Governors of the l'ede"aa Reserve System held on August 22, 1945, were approved unanikolis4. Me morandum dated August 17, 1945, from the Division of Person- 4q. A chnitastration, recommending that John M. Crawford, an Economist the D. lvision of Research and Statistics, who was granted leave Withollt otti Pay when he was called to active duty as a commissioned 04 cell in the U. S. Public Health Service March 28, 1945, be placed 11t arY leave, effective July 29, 1945, the effective date of Ex, Order 9575, which placed all commissioned personnel of the .m4le 48441 Health Service in a military status as a branch of the land and tore" of the United States during the period of the present war %titer red "full military benefits" on the commissioned corps of the ,, kriq Nat, a give Health Service. The memorandum stated that Mr. Crawford 4 a lumP sum payment for his accrued and accumulated annual al 8/23/45 —2— leave when he entered the Public Health Service, and it was believed that t here would be no occasion to consider payment of one month's un— e4''ned salary. Approved unanimously. Memorandum dated August 21, 1945, from Mr. Thomas, Director of the aion of Research and Statistics, recommending (1) that Mrs. 44111 Stevens Faulkner, a clerk in that Division, be granted leave 1141." PaY for such additional time as may be necessary within the Pell°c1 August 16 through November 17, 1945, with the understanding that 11') q the 417111 be expiration of this period, she is unable to return to work necessary for her to resign, and (2) that the Board continue 11'8 e°11tributions to the retirement system on the behalf of Mrs. P41111.41", who is a member of the Bank Plan, during her leave of absence th t PaY provided she continues to make her own contributions. Approved unanimously. Memorandum dated August 21, 1945, from Mr. Thomas, Director of tIleililrisiorl of Research and Statistics, recommending (1) that Mrs. 1:414". Leverton, a clerk—stenographer in that Division, be granted te -earlthout pay for such additional time as may be necessary within the lerioci. August 16 through November 17, 1945, with the understanding tIlat at the expiration of this period, she is unable to return to .1;t* will be necessary for her to resign, and (2) that the Board tAzthorize co ntinuation of the death benefits under the retirement sys32'14r8. Leverton, who is a member of the Board of Governors Plan, 1377 W2-3/45 tot, he additional period of her leave without pay provided she makes aPProPriate contributions therefor. Approved unanimously. Letter to Mr. Day, President of the Federal Reserve Bank of Prancisco, reading as follows: "In accordance with the request contained in your letterof August 14, the Board approves the designation of aril "A. Randall as special assistant examiner for the Federal Reserve Bank of San Francisco. Approval is given with,thv understanding, of course, that Mr. Randall will .1.?t Ds transferred permanently to examination work without Board's approval." Approved unanimously. Letter to the "Bank of Beaumont," Beaumont, California, read8 r°110WS ail "The Board is glad to learn that you have completed shi arrangements for the admission of your bank to membertr.s.ri in the Federal Reserve System and takes pleasure in ehipritting herewith a formal certificate of your memberoi , "It will be appreciated if you will acknowledge ree— 6 ofP this certificate." Approved unanimously. Letter to Mr. Fletcher, Vice President of the Federal Reserve r Cle veland, reading as follows: Atigu :PUrsuant .I to the request contained in a letter dated bank' -s 18,1945 to the Board from the president of the Boarr, and in accordance with your recommendation, the The _extends to November 1, 1945, the time within which inenib7 .1k of Leipsic Company, Leipsic, Ohio, may accomplish rshin in the System. Please advise the bank accordthe :For your information, there is enclosed a copy of letter received from the president of the bank." Approved unanimously. Thereupon the meeting adjourned.
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