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1_962 A meeting of the Board of Governors of the Federal Reserve 8Yatemvias held in 'Washington on Thursday, December 23, 1943, at 11:30 PRESENT: Mr. Mr. Mr. Mr. Szymczak McKee 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— arter r eferred to was taken by the Board: The minutes of the meeting of the Board of Governors of the ?Me-Reserve System held on December 22, 19430 were approved unani- ' 4484. Memorandum dated December 22, 1943, from the Personnel Commit— tee Irtibizitting the name of Thomas Robins, Jr., President of the Hewitt Iktka Corporation, Buffalo, New York, as a director of the Buffalo 11440.. " of the Federal Reserve Bank of New York for the term beginning tIr 1, 1944, and recommending (1) that the Chairman of the Federal arv e Bank of New York be requested to ascertain informally whether bi ns would accept appointment and (2) that the appointment be tetidere cl if he would accept. Approved unanimously. Memorandum dated December 21, 1943, from the Personnel Committee, 1_963 12/23/43 -2„ --'nglng that the following branch directors, whose terms expire Deeeth er 31, 1943, be reappointed as directors of the respective branches the Federal Reserve Banks shown, each for a term of three years be- gihnihg January 1, 1944: Federal Reserve Bank Branch Name W. Frank Roberts George M. Wright I. N. Barnett, Jr. Jack B. Martin Baltimore Charlotte Little Rock El Paso Approved unanimously. Telegram to Mr. Leedy, President of the Federal Reserve Bank of 44848 reading as follows: tee "Re your letter December 17, 1943. Board approves , f°r special counsel up to $5,000, subject to review Board before final payment is made, in connection with mi Le question pending before Missouri Public Service Corn- Approved unanimously. Letters to the "Union Trust and Deposit Company”, Parkersburg, et e nia, and the "Farmers and Merchants Bank", Clay City, Indiana, 44,M, -4Le as follows: ail "The Board is glad to learn that you have completed Ped arrangements for the admission of your bank to the hereral Reserve System and takes pleasure in transmitting elth a formal certificate of your membership. eei , 4. It will be appreciated if you will acknowledge revu of this certificate." Approved unanimously. 1964 12/23/43 —3-Letter to Mr. A. M. Carter, Acting Chairman of the Smaller War Plants Corporation, reading as follows: "Receipt is acknowledged of your letter of Deem,ber 13, 1943 in response to the Board's letter of De! ember 7 transmitting for your consideration copies of .71 resolution of the Executive Committee of the Federal wt.,civisory Council in respect to loans of t25,000 or less "J-ch your Corporation is making to business concerns engaged in the production of war material or of essential Civilian requirements. "Your letter will be brought to the attention of the 'nem:rbers of the Board and of the Federal Advisory Council Promptly as possible." Approved unanimously, together with a similar letter to Mr. S. Abbot Smith, a director of the Smaller War Plants Corporation, with respect to his letter of December 21, 1943, and letters to Mr. Lichtenstein, Secretary of the Federal Advisory Council, transmitting copies of Messrs. Carter's and Smith's letters for the information and consideration of the Council members. Thereupon the meeting adjourned. (-)MAAR ) 1 Secretary.
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