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1809 A meeting of the Board of Governors of the Federal Reserve SYstem was held in Viashington on Saturday, December 4, 1943, at 11:00 PRESENT: Mr. Draper Mr. Evans Mr. Morrill, Secretary Mr. Bethea, Assistant Secretary Mr. Carpenter, Assistant Secretary The action stated with respect to each of the matters herein'after referred to was taken by the Board: Memorandum dated December 3, 1943, from Mr. Goldenweiser, Direct or of the Division of Research and Statistics, submitting the resigriation of Mrs. Polly Adele Tapp as a clerk in that Division, to become effective as of the close of business on December 9, 1943, and rec ending that the resignation be accepted as of that date. The resignation was accepted. Letter to Mr. McLarin, President of the Federal Reserve Bank q Atlanta, reading as follows: "In accordance with the request contained in your letter of November 30, 1943, the Board approves the ap0 ntment, effective January 1, 1944, of Ernest James Barber as an examiner for the Federal Reserve Bank of Atlanta." Approved unanimously. Letter to Mr. Meyer, Assistant Cashier of the Federal Reserve kalk of Chicago, reading as follows: "The Board of Governors approves the changes in S it) 12/4/43 -2- "the personnel classification plan of the Federal Reserve Bank of Chicago, involving adjustments in the annual salaries of certain building employees, as submitted with Your letter of November 27, 1943." Approved unanimously. Letter to the board of directors of "The Citizens Bank", Attica, New York, stating that, subject to conditions of membership numbered 1 to 3 contained in the Board's Regulation H, the Board apProves the bank's application for membership in the Federal Reserve SYstem and for the appropriate amount of stock in the Federal Reserve Bank of New York. Approved unanimously, for transmission through the Federal Reserve Bank of New York. Letter to the Presidents of all the Federal Reserve Banks, readas follows: "In a memorandum, dated December 1, 1943, addressed to the Board of Governors by Colonel Paul Cleveland, Chief, 1a ,tdvance P yment and Loan Branch, it was suggested that he computation of guarantee fees on loans guaranteed under the provisions of Regulation V should be continued 011 a straight 365-day basis during the year 1944. "Colonel Cleveland further advised that the Navy DePartment and Maritime Commission concur in the War Department's suggestion." Approved unanimously. Thereupon the meeting adjourned. 64k. Secreta APproved: Member.
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