The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
1900 A meeting of the Board of Governors of the Federal Reserve &3r8temila8 held in Washington on Tuesday, December 4, 1945, at 11:00 PRESENT: Mr. Mr. Mr. Mr. Eccles, Chairman McKee Draper Evans Mr. Carpenter, Secretary Mr. Connell, General Assistant, Office of the Secretary Mr. Morrill, Special Adviser Mr. Thurston, Assistant to the Chairman The action stated with respect to each of the matters herein— a•rter referred to was taken by the Board: The minutes of the meeting of the Board of Governors of the Plkleral -- Reserve System held on November 26, 1945, were approved unani- 44434. The minutes of the meetings of the Board of Governors of the Feder__ 6-1 Reserve System held on November 27, 28, and 301 and December ' 3 1945) were approved and the actions recorded therein were ratified Ilemorandum dated November 161 19451 from Mr. Paulger, Direc- tor ot athe Division of Examinations, recommending that the salary of ,o * Millard, Federal Reserve Examiner, be adjusted from n t9J-12.50 750 per annum. Approved unanimously, effective De— cember 16, 1945. lieolorandum dated December 3, 1945, from Mr. Bethea, Director 1901 1214/45 —2— (lithe Division of Administrative Services, submitting the resignation oft Willa Zimmerman, an elevator operator in that Division, and 'ree0 113111ending that the resignation be accepted effective as of the close of bus. lnees December 7, 1945, with the understanding that the Board /741 be reimbursed for the amount of any overdrawn leave. The resignation was accepted as recommended. Letter to the Presidents of all the Federal Reserve Banks read— as "The Hoover Company, manufacturer of vacuum cleaners, has n , requested that Regulation I7 be amended to permit listed 'icles to be delivered for a trial period of no more than n"ree days without the requirement of a down payment as °Iv provided by section 4(e). The Board would appreciate your views as to whether ! ) ° 1 not some change in the regulation in this respect should r7 made at the time the regulation is subsequently amended cr‘ other reasons. Since such a provision would raise spe041 Problems of enforcement, it would be helpful to receive sal,Ir suggestions concerning the way in which it might be ' eguarded against abuse." j Approved unanimously. Thereupon the meeting adjourned. Secretary. 4pDr.0 Chairman.
@FedFRASER