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A meeting of t Federal Reserve Board was held in the office °f the Board on Wednesday, August 31, 1921, at 11 o'clock a.m. PRESENT: Governor Harding Mr. Platt Mr. Miller Mr. Cris singer Mr. Hoxton, Secretary. Minutes of the meeting of the Board held August 30th were read alld on motion approved. of the several The Governor reported the reserve positions ?ederal reserve banks as at close of business August 29th, a.rici the status l ecliscourits between the Federal reserve banks as of the same date. ' The Governor reported rediscount transactions, member bank 13tThnissory notes secured by Government obligations, rate 6, as follows: pat e With Alle'ust 30 Bank rediscounting Minneapolis 41111st 30 DallasBoston New York Arrount ,I;1,000,000 1,000,000 1,000,000 Maturities 1-15 days 1-90 dys.(00M.) 11-15 days Letter dated August 30th, from the Railway Loan Advisory Cl°1111n1ttee of the Federal Reserve Board, recomending approval of the form a Of °I)ligation submitted by the Seaboard Air Line Railway Company for lc" Of !',1,451,500, in five parts, the carrier electing at this time to t8.k0 over the fourth part of the loan, in the amount of ?375,000, under the Provisions of Section 210 of the TraiTortation Act, 192D, as amended. Approved. -2- Letter dated August 30th, frcm the Railway Loan Advisory ecnrtnittee of the Federal Reserve Board, recommending approval of the form of (Thligation submitted by the Maine Central Railroad Company for a loan of $400,000, 'tuner the provisions of Section 210 of the Transportation 'Act, 1920, as amended. Approved. Letter dated August 31st, from the Railway Loan Advisory e"mittee of the Federal Reserve Board, recommending approval of the form ar °bligation submitted by the Great Northern Railway Company for a loan Of $586,000, under the provisions of Section 210 of the Transportation Aet '1920, as amended. Approved. Memorandum dated August 30th, from the Librarian of the Board, l'ec°111ne11ding the employrrent as First Assistant in the Library of the 41e1111 Reserve Board of Mr. Charles F. Cochran, nt salary of A'2,000 4114121N said appointment to date from September 1, 1921. Approved. COMATITTEh NO. 1: LEttea. August 30th, Recommending changes in St ock at Federal reserve banks, as set forth in the auxiliary minute book as of this date. Approved. At 11:45 a.m. the meeting adjourned. Secretary. APbts(Ived: Governor. per
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