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X14
, Uinutes of actions taken by the Board of Governors of the
Federal.
deserve System on Monday, December 2, 1946.
PRESLNT:

Mr.
11r.
2r.
Mr.

Eccles, Chairman
Ranson", Vice Chairman
Draper
Evans

Mr. Vardaan
Mr.
Mr.
Mr.
Mr.
,L

Carpenter, Secretary
Sherman, Assistant Secretary
Morrill, Special Adviser
Thurston, Assistant to the Chairman

.
ininutes of actions taken by the Board of Governors of

era Reserve System on November 21, 1946, were approved unni-

llinutes of actions taken by the Board of Governors of the

(ler,
Reserve Systan on November 22, 25, 2,6, 27 and 29, 1946, were
ei)1Tr.
and

the actions recorded therein were ratified unanimously.

Telegraz to ;:,r. Shepard, Federal Reserve Agent of the Fedel'41Fleserve Bank of Llinneapolis, authorizIng the issuance of a
teci voting
Permit, under the provisions of Section 5144 of the
RQii•
Iseci 8t .tut05 of the United States, to the "Northwest Bancoporar

tti:' Minneaoolis, tiinnesota, entitling that organization to vote
't43."ck idlich it
ovns or controls of "The Union National Bank of
Orr

`QtQlleqe1,113 aochester, Linnesota, at any time prior to January 1,
1.94

the bylaws of such bank with respect to the number
0
and to elect dimctors of such bank.




Approved unanimously.