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2256 A meeting of the Board of Governors of the Federal Reserve SYsten waS held in Washington on Wednesday, December 2, 1942, at 11:00 a.M. PRESENT: Mr. Mr. Mr. Mr. Mr. Eccles, Chairman Ransom, Vice Chairman Szymczak Draper Evans Mr. Mr. 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 herein- atter referred to was taken by the Board: The minutes of the meeting of the Board of Governors of the Peri '4el'al Reserve System held on December 1, 1942, were approved unanikousiy. Memorandum dated November 30, 1942, from Mr. Morrill, recomkerirk_ 'Ile that Mrs. Charlotte Lissy be appointed as a junior file clerk the ekeeeci Secretary's Office on a temporary basis for a period of not to six months, with salary at the rate of $1,440 per annum, effec- %e a 8 of the date upon which she enters upon the performance of her after having passed satisfactorily the usual physical examinattori 'with the understanding that if her services prove satisfactory 1.ec inmendation may be made extending her appointment. Approved unanimously. 2257 12/2/42 -2Memorandum dated November 30, 1942, from Mr. Morrill, referring --e approval by the Board on June 1, 1942, of the retention in active Se Nri -"e until December 31, 1942, of Seaton Dyson, a messenger in the Seer., ' 417's Office who reached the retirement age of 65 on July 4, 1942, arld rec°1zriendinP• (1) that Dyson be retained in active service at his Pre8ent salary of $1,600 per annum for a period of not to exceed one rell'r beginning January 1, 1943, his continuance in employment on a tem141rar,, °asis during that period to depend upon the need for his servjees be and his ability to render them satisfactorily, and (2) that Dyson sed that he may elect to retire at the end of 1942 while con- tirilling to serve the Board at his present salary, with retirement allowarlee de ferred, or that he may elect to continue as a member of the retireaYstem during the Period of his active service, in which case he may 41'84'1. himself of the Drivilege of retiring at the end of any month after 11111g the required notice of not less than 30 days to the retirement shteM/ and that in either event his continuance in the Board's service upon the need for his services and his ability to render them sat- Approved unanimously. Letter to Mr. Mulroney, Vice President of the Federal Reserve 4111t 0 f Chicago, reading as follows: let, "Ill accordance with the requests contained in your a,'ers of November 23 and November 24, 1942, the Board 0Pr0ves the appointments of Elihu Benjamin Washburne and Rerlos Henry Craig as assistant examiners for the Federal 11,Deerve Bank of Chicago. ?lease advise us of the dates °n which these appointments become effective." Approved unanimously. 2258 12/2/42 —3— Letter to Mr. Mulroney, Vice President of the Federal Reserve Bal* of Chicago, reading as follows: "In accordance with the request contained in your letter of November 27, 1942, the Board approves the desgnation of H. J. Helmer as a special examiner for the rederal Reserve Bank of Chicago." l Approved unanimously. Letter to Mr. Pitman, Cashier of the Federal Reserve Bank of 8°8t°n, reading as follows: "This refers to your letter of October 30, 194, en'"ing a copy of a suggested additional paragraph 12 for tnclusion in your printed form of loan agreement to be used 111 connection with Regulation V guarantees, and asking that You be advised whether the suggested additional paragraph ls acceptable to the Navy Department aria the War Department. "This matter was referred by the Board to the War DePartment, and the Navy Department and also, in the interest Of Tl uniformity, to the United States Maritime Commission. are enclosed herewith copies of replies received from the 6ne Services, as follows: Letter from the Navy Department, da ted .eeti November 10, 1942, signed by Yr. Herman Jones, Jr.; from the United States Maritime Commission, dated November 16, 1942, signed by Mr. R. E. Anderson, Director I Finance; and memorandum from the Year Department, dated November 28, 1942, signed by Lieutenant Colonel Paul Clevelarid, Chief, Loan Section." V Approved unanimously. ,..emorandum dated December 1, 1942, from Mr. Morrill, recom'411%(1) that the Board approve an increase from 410.00 to $50.00 the 8alount of the petty cash fund maintained in the Secretary's °trice 80 as to permit the purchase by employees in that Office of 1‘41.11-1() "and oullman tickets for Federal Reserve Bank officials att411t1g m eetinps with the Board for which reimbursement is made at 2 12/2/42 -4- thettrae of the delivery of the tickets to the officials, and (2) that the 8°ard designate Mr. Nelson, Assistant Secretary, or in his absence carPenter, Assistant Secretary, to be responsible for such fund, to 14414taia the necessary records thereof, and to execute vouchers and rePort8 with respect thereto. Approved unanimously. Thereupon the meeting adjourned. ..er,<„,„„ 4PPro Chairman. Secretary. 9
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