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1_352 Minutes of actions taken by the Board of Governors of the I-federal Reserve System on Monday, August PRESENT: Mr. Eccles, Chairman pro tem. Mr. Draper Mr. Clayton Mr. Mr. Mr. Mr. Carpenter, Secretary Hammond, Assistant Secretary Morrill, Special Adviser Thurston, Assistant to the Board Memorandum dated August °t the 8, 1949. 8, 1949, from Mr. Bethea, Director Division of Administrative Services, recommending the appoint- r4elit 'r Norman W. Felten as a cafeteria helper in that Division on a ter111)0 rEirY basis for a period of two months, with basic salary at the tAte „ A 21020 per annum, effective as of the date upon which he enters 40/1 the performance of his duties after having passed the usual 'IlYsical examination. Approved unAnimously. Letter to the Presidents of all Federal Reserve Banks, reading f011ows: "Preliminary figures of member bank earnings for the 1,,,sst half of 1949 have been compiled from tabulations i;""lished by the Reserve Banks in accordance with the tillrd's letter dated December 16, 1947. For your informac24 there are enclosed three copies of a press release ‘intaining these figures." Approved unanimously. Letter to the Honorable Maple T. Earl, Chairman, Federal Deposit (11ce. C orporation, reading as follows: 1353 8/8/49 -2- "In accordance with the request contained in your letter of August 1, 1949, the Board of Governors of the Federal Reserve System hereby grants written consent, Pursuant to the provisions of subsection (k)(2) of Sec12B of the Federal Reserve Act, for examiners for the Federal Deposit Insurance Corporation to make an °lamination of the Cicero State Bank, Cicero, New York, in connection with its application for continuance of insurance after withdrawal from membership in the Federal Reserve System. "There are no corrective programs nor unfulfilled agreements pertaining to the bank in connection with !hich the Board would suggest incorporation of conditions Or continuing its status as an insured bank. Approved unanimously. Approvea: Chairman pro tem.
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