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1112 A meeting of the Board of Governors of the Federal Reserve System -was held in Washington on Tuesday, August 6, 1946, at 10:30 a.m. PRESENT: Mr. Eccles, Chairman Mr. Draper Mr. Evans . Mr. Carpenter, Secretary Mr. Morrill, Special Adviser Mr. Thurston, Assistant to the Chairman Mr. Vardaman's office reported that, beginning today he would be absent for a period for personal reasons but that during his ab8ellee he would visit the Federal Reserve Bank of Boston and attend a ineeting of the board of directors of the Bank on August 12, 1946. The action stated with respect to each of the matters herein— 'after referred to was taken by the Board: Memorandum dated August 5, 1946, from Mr. Bethea, Director of the Division of Administrative Services, recommending that, effective imm ediately, the Board approve (1) the transfer of Mr. Gardner L. 00t;.e, II, from the position of Assistant Administrator for War Loans t° the position of Assistant Director of the Division of Administrative Sellrices, without change in his present salary at the rate of p9,975 Per annum, and (2) a change in the title of Mr. Joseph E. Kelleher, A. thIlinlstrative Assistant, to Assistant to Director, Division of Adminiative Services, with the understanding that the new designation will 8tt ' elsr.Y with it broader authority in handling procurement and building illatters and authority to approve vouchers for payment and countersign 1113 8/6/46 -2- checks drawn on the Board's account with the Federal Reserve Bank of Richmond. Approved unanimously, with the understanding that the changes would be effective on August 9, 1946. Memorandum dated August 1, 1946, from 'Mr. Bethea, Director of The Division of Administrative Services, recommending (1) that Mr. L. 114 Berta, who has been on military leave, be reinstated in his positi°n as Captain of the Guard in that Division, with basic salary at the rate of $3,522.60 per annum, effective as of the date upon which he enters upon the performance of his duties after having passed the usual Physical examination, and (2) that Mr. E. F. Anderson, who has been serving as Acting Captain of the Guard during the absence of Mr. 13elstol, be transferred to his former position of Senior Guard without Ileduction in salary, effective as of the date upon which Mr. Bertol returns to duty. Approved unanimously. Memorandum dated July 30, 1946, from Mr. Bethea, Director of the Division of Administrative Services, recommending that the basic al salary of each of the following employees in that Division be creased to the amount set opposite his name, effective at the beeiraling of the next pay roll period following approval by the Board: 1114 8/6/46 -3- ble Title Raymond C. Twomey, U. P. Flagg, Leone Klaprat, Nams R. Deakins, Robert Carter, Grace L. Thorne Proposed Increase To From Supervisor, Duplicating and A3,522.60 Mail Section 3,146.40 Telegraph Operator 2,544.48 Telegraph Operator 2,243.52 Guard 1,888.00 Laborer 1,756.00 Charwoman ,648.00 3,271.80 2,694.96 2,318.76 1,954.00 1,822.00 Approved unanimously. Memorandum dated August 5, 1946, from Mr. Bethea, Director of the 1°1-vision of Adstrative Services, recommending that the basic 8a1a17 of Mrs. Kathrine Boyd, Charwomanin that Division, be increased fr°rn $1,478.75 to $1,690 per annum and that she be returned to an eight11011r Work day, with hours of duty from 5:15 p.m., to 1:15 a.m., effective August 12, 1946. Approved unanimously. Telegram to Mr. David P. Cameron, The Merchants Company, Hattiesburg, mleeissippi, reading as follows: "Board of Governors of Federal Reserve System has aPpointed you Director of New Orleans Branch of Federal . 1teserve Bank of Atlanta for unexpired portion of term ending December 31, 1946, and will be pleased to have your acceptance by collect telegram." Approved unanimously. Telegram to Mr. Leedy, President of the Federal Reserve Bank °f Kansas City, reading as follows: "The Board approves the expenditure involved in the arrangement with Messrs. Thuesen and Lohmann as consultants on job evaluation, as outlined in your letter of JulY 31." 1115 8/6/46 -4Approved unanimously. Letters to the "State Bank of Madison, Incorporated", Madison, Virginia, "The Custar State Bank Company", Custar, Ohio, "Milton Bank and Safe Deposit Company", Milton, Pennsylvania, respectively, readfollows: "The Board is glad to learn that you have completed all arrangements for the admission of your bank to memberin the Federal Reserve System and takes pleasure in Q'ansmitting herewith a formal certificate of your membership. . "It will be appreciated if you All acknowledge receipt of this certificate." Approved unanimously. Thereupon the meeting adjourned Secretary. Chairman.
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