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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
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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,'




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