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2225 A meeting of the Board of Governors of the Federal Reserve System Y as held in Washington on Wednesday, December 16, 1936, at 11:00 a. in. PRESENT: Mr. Szymczak Mr. McKee Mr. Morrill, Secretary Mr. Bethea, Assistant Secretary Mr. Carpenter, Assistant Secretary Mr. Clayton, Assistant to the Chairman Mr. Wyatt, General Counsel Mr. Paulger, Chief of the Division of Examinations Mr. Wingfield, Assistant General Counsel Mr. Dreibelbis, Assistant General Counsel ALSO PRESENT: Mr. H. S. Johnson, President, The Point Pleasant National Bank, Point Pleasant, West Virginia. Mr. I. I. Chorpening, Chief National Bank Examiner for the Fifth Federal Reserve District Mr. D. O. Starr, National Bank Examiner Mr. L. A. Kelly, Attorney in the office of the Comptroller of the Currency Mr. Gregor Macpherson, of the firm of Hart et Dice, Shorthand Reporters This session was called pursuant to the request contained in Mr. aohn SOW be s letter of November 21, 1936, that the hearing at which he Tould forded an opportunity to show cause why he should not be removed as ka 0ffi -ixer and director of The Point Pleasant National Bank, Point Alez1 81.1t, West Virginia, be continued until he could have an opportunity to, 'illestion Messrs. Chorpening and Starr in the presence of the Board. Mr. Szymczak stated that some members of the Board were absent the city and that Mr. Ransom was ill and inquired whether it would be a gl*esable with Mr. Johnson to proceed with the hearing before the meintiera Present, it being understood that the record would be reviewed by of the members of the Board before any action was taken. Mr. Johnson 12/16/35 -2- Stated that he would prefer to present his questions before the full 8(lard or at least a majority of the members of the Board, or, if agreeable to the Board, he would submit the questions which he proposed to aalc Messrs. Chorpening and Starr in a letter to reach the Board not later than December 221 19361 following which, if necessary, a date e°111d be set for a further hearing. Mr. Johnson's latter suggestion was agreed to with the understanding that he would send a copy of his letter to the Board directly to Mr. Chorpening. A verbatim record of the hearing is contained in the typereport of Mr. Macpherson. Thereupon the meeting adjourned. <N7c4-4, APProved: OILAJ- A? Secretary.
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