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1861 Minutes of actions taken by the Board of Governors of the ?ederea Reserve System on Monday, December ), 1949. PRESENT: Mr. Mr. Mr. Mr. Mr. McCabe, Chairman Eccles Szymczak Draper Vardaman Mr. Mr. Mr. Mr. Carpenter, Secretary Sherman, Assistant Secretary Morrill, Special Adviser Thurston, Assistant to the Board Minutes of actions taken by the Board of Governors of the Reserve System on December 2, 1949, were approved unanitolasly. Memorandum dated December 2, 1949, from Mr. Leonard, Directo 1* of the Division of Bank Operations, recommending that the resi gliation of Mrs. Loretta Hathcox, a statistical clerk in that bivis 1°4/ be accepted to be effective, in accordance with her reeet / at the close of business December 14, 1949. Approved unanimously. Letter to Mr. Denmark, Vice President of the Federal Re4rit llank of Atlanta, reading as follows: "In accordance with the request contained in ...?ur letter of November 30, 1949, the Board approves e designation of B. H. Hargett as a special as1-stant examiner for the Federal Reserve Bank of Atlanta:, Approved unanimously. Telegram to Mr. Knoke, Vice President of the Federal Reserve -' °el/ York, reading as follows: "Your wire December 2. Board approves three months renewal to March 9, 1950 by your Bank to Bank Polski of $215001000 balance of the $51000,000 loan against gold maturing December 9 on the same terms and conditions as apply to the outstanding loan and on the understanding that $5001000 will be repaid bY December 9, 1949. Board notes that on November 28 Bank Polski paid off $2,000,000 of the $5,000,000 loez. "It is understood that the usual part 11111 be offered to the other Federal R ipation Banks." Approved. Secretary.
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