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Minutes of actions taken by the Board of Governors of the New -- Reserve System on Thursday, August 2, 1949. PRESENT: Mr. Szymczak, Chairman pro tem. Mr. Draper Mr. Vardaman Mr. Clayton Mr. Sherman, Assistant Secretary Minutes of actions taken by the Board of Governors of the Reserve System on August 24, 1949, were approved unanimously. Memorandum dated August 24, 1949, from Mr. Bethea, Director the T14 -.4vision of Administrative Services, recommending the appoint- 41141t Of Miss Marcia J. Schuman as a page in that Division, with bikeic 841arY at the rate of $2,086 per annum, effective as of the tiete vc)n vhich she enters upon the performance of her duties after 4411ilav Passed the usual physical examination. Approved unanimously. heseirve Letter to Mr. Stetzelberger, Vice President of the Federal Bank of Cleveland, reading as follows: "In accordance with the request contained in your istte ' I of August 18, 1949, the Board approves the apetnii-Litmaent of Donald Claar Hoenstine as an assistant exliavlil,er for the Federal Reserve Bank of Cleveland. Please e. . r se us of the date upon which the appointment is made effective and also as to salary rate." Approved unanimously. ot /14 Letter to Mr. Leedy, President of the Federal Reserve Bank 1148 CitY, reading as follows: 141_5 8/2)/49 -2- "This is in reply to your letter of August 9, 1949, regarding proposed alterations and additions to the Omaha branch building. "Unfortunately, we are not in a position to advise You at this time whether or not any part of the $10100,000 authorization can be allocated to the Omaha 131e11Ch. Allocation cannot be made until after considel'ation of pending programs of several branches. "We shall advise you promptly as soon as we are 14 a position to determine whether a building program Omaha can come within the present over-all limitaola or whether it is one of the construction programs .1°11, as indicated in the Board's letter of May 6, must await further authorization by Congress. V Approved unanimously. Letter to the board of directors of "The First State Bank or 11b or rile t Gilby, North Dakota, stating that, subject to conditions 11111ershiP numbered 1 and 2 contained in the Board's Regulation -0 the,0ard approves the bank's application for membership 14 the, Rederal Reserve System and for the appropriate amount of took 14 the Federal Reserve Bank of Minneapolis. Approved unanimously, for transmission through the Federal Reserve Bank of Minneapolis. t Secretary.
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