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A meeting of the Federal Reserve Board was held in the office of the Board on Wednesday, August 9, 1922, at 10:25 a.m. PRESENT: Governor Harding Mr. Platt Mr. Hamlin Mr. Mitchell Mr. Crissinger Mr. Hoxton, Secretary. Minutes of the meeting of the Board held August 8th were read and on motion approved. The Governor reported the reserve positions of the several Federal reserve banks as at close of business August 7th. The Governor submitted a letter from Yr. Trowbridge, Consulting Architect of the Board, requesting that the Board furnish him with official letter-heads of the Board, having printed thereon his name, designation and office address. Mr. Platt moved that the matter be re- ferred to Mr. Mitchell with power. Mr. Crissinger moved as substitute that the request of Mr. Trowbridge be declined. tute motion, being put by the chair, was lost. Mr. Crissinger's substiThe original motion of Mr. Platt, being put by the chair, was carried. Mr. Platt reported for the Executive Committee, offering a form Of resolution defining the procedure to be followed by Federal reserve banks in the case of salary allowances to be paid to officers of Federal reserve banks when absent from their post of duty, said resolution being Offered as a substitute for the resolution offered by Mr. Miller and referred to the Executive Committee at the meeting of the Board July 27, 1922. Upon motion of Mr. Hamlin, the resolution offered by Yr. Platt was laid upon the table, pending the return to the city of Mr. Miller. -2:.'r. latchell 'lade some remarks relative to the sentiments of the on of the Other members of the Board, in view of the approaching corgoleti tern of Governor 7. P. G. Hardinc, as a member of the Board. point, the Vice Governor took the Chair. At this hr. Mitchell moved, seconded by Mr. Hamlin, that the Vice Governor appoint a connittee to prepare and the Board submit to the Board resolutions e_Tressive of the saatirrents of throich caused by the prospect of losing the services of Governor Hardin--; • the expiration of his term of office. Carried. The Vice Governor api_Dointed Mr. Hamlin Litchell as a committee to prepare the resolutions Lir. and. referred to. RE:PORTS OF COLIIITTlarE NO. 1: reserve banks Dated Augast 8th, B.ecorar.endin, changes in stock at Federal as set forth in the auxiliary minute hook of this date. .i,pproved. dins action on applications for fiduciary powers Recommen Dated August 8th, as set forth in the auxiliary minute book of this date. Approved. At 11:30 a.m. a recess was taken until the Board members called by the vice Governor to reassemble. be The Vice Governor later stated e to reassemble the that he knew of no reason why he would find it desirabl adjourned. members this afternoon and the meeting therefore stood Secretary. An roved: Vice Governor.
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