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104-9 A meeting of the Board of Governors of the Federal Reserve SYsteala was held in Washington on Monday, August 28, 1939, at 12:00 m. PRESENT: Mr. Mr. Mr. Mr. Ransom, Vice Chairman Szymczak Davis Draper Mr. Mr. Mr. Mr. Morrill, Secretary Bethea, Assistant Secretary Carpenter, Assistant Secretary Clayton, Assistant to the Chairman The action stated with respect to each of the matters hereinafter referred to was taken by the Board: The minutes of the two meetings of the Board of Governors of the Federal Reserve System held on August 25, 1939, were approved Letter to Mr. Leach, President of the Federal Reserve Bank lichmond, reading as follows: "In accordance with the request contained in your ' letter of August 23, the Board approves the designation (4 Rutherford N. Yeates as an assistant examiner in Order that he may lend clerical assistance to your regular examiners. It is understood, of course, that he will not be transferred permanently to examination work Without the Board's approval." Approved unanimously. Letter to Mr. Stewart, Secretary of the Federal Reserve Bank "St. L -°14s, reading as follows: "Referring to your letter of August 21, 1939, you re advised that the Board does not contemplate making a 1050 8/28/39 any changes this year in the group classification of member banks for election of Class A and B Directors in your District." Approved unanimously. Telegram to Mr. Martin, President of the Federal Reserve Bank clt St. Louis, reading as follows: "In accordance with your recommendation, Board extends until September 22, 1939, time within which 'Anna State Bank', Anna, Illinois, may accomplish membership in the System." Approved unanimously. Thereupon the meeting adjourned. 1)14,017. 1101.0.' 4g11111 ift Vice Chairman.
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