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1052 A :meting of the Federal Reserve Board was held in the office of the Governor, at 11:50 a.m. on Friday, December 24th. PRESENT: The Mr. Mr. Mr. Mr. Governor Platt Hamlin Miller Hoxt on, Secretary. Reading of the minutes was omitted. Upon motion, all Chairmen and Federal Reserve Agents not specifically incluied in the action of the Board on December 21st were redesignated for a term of one year each • from December 31, 1920. Upon motion, all Deputy Chairmen not specifically included in the action of the Board on December 21st, were redesignated for a term of one year each from December 31, 1920. Upon motion, Mr. P. H. Saunders was redesignated Chairman of the Board of the New Orleans Branch of the Federal Reserve Bank of Atlanta, for a term of one year beginning December 31, 1920. Mr. A. P. Bush was redesignated. Deputy Chairman of the New ()Awns Branch for a like term. The Governor submitted draft of circular letter X-3002 dated December 24, 1920, prepared for transmission to all Feder al Reserve Banks, regarding the rights of Nat ions,' •