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1538 A meeting of the Board of Governors of the Federal Reserve System was held in Washington on Monday, December 2, 1940, at 11:30 a.rn, PRESENT: Mr. Mr. Mr. Mr. Mr. Mr. Eccles, Chairman Ransom, Vice Chairman Szymczak McKee Davis Draper Mr. Yr. Mr. Mr. Morrill, Secretary Bethea, Assistant Secretary Carpenter, Assistant Secretary Clayton, Assistant to the Chairman The action stated with respect to each of the matters hereinafter referred to was taken by the Board: The minutes of the meeting of the Board of Governors of the Federal Reserve System held on November 28, 1940, were approved unanimously. The minutes of the meeting of the Board of Governors of the Federal Reserve System held on November 29, 1940, were approved and the actions recorded therein were ratified unanimously. Memorandum dated November 28, 1940, from Mr. Carpenter, Assistant S ecretary, recommending that the salaries of Ruth McCrary, Mildred T rid in the Thelma E. :1 !ard, and Marie M. Youngblood, junior file clerks Secretary's Office, be increased from '1_,380 to '1,440 per an- effective December 16, 1940. Approved unanimously. 153.9 12/2/40 -2- Thereupon the meeting adjourned. Secretary. APPrOlred: Chairman.
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