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1863 Minutes of actions taken by the Board of Governors of the Pede ral Reserve System on Tuesday PRESENT: Mr. Mr. Mr. Mr. December 6, 1949. McCabe, Chairman Eccles Szymczak 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 44el'a1 Reserve System on December 5, 1949, were approved unanimously. Memorandum dated December 5, 1949, from Mr. Millard, Director ft 'ille Division of Examinations, recommending that the resignation 1'4°44 R. Thomason, Jr., an Assistant Federal Reserve Examiner in the.t1)ivision, be accepted to be effective, in accordance with his Niles+ 's at the close of business December 22, 1949. Approved unanimously. Letter to Mr. Robert T. Stevens the Federal Reserve Agent at l'ederal Reserve Bank of New York, reading as follows: "The Board of Governors approves, effective JanUary -L, 1 1950, the payment of salaries to the following Members of the Federal Reserve Agent's staff at the tes indicated, in accordance with the action taken the Board of Directors as reported in Mr. Myers' letter of December 1, 1949: .t Salary Title Name (-1 11a K. Reynolds Alternate Asst. F.R. Agent ard R. Lister Alternate Asst. F.R. Agent 4,917" V T3775 Approved unanimously. 1864 12A/49 -2Memorandum from Mr. Hammond, Assistant Secretary of the dated December 6, 1949, stating that arrangements have beellmade for Sir Henry Clay, formerly of the Bank of England to" 'dress the directors of the Federal Reserve Bank of PhilacleInb4 4-4-414 on Wednesday, December 7, 1949, that Chairman McCabe attend this meeting and that Mr. Cameron Cobbold, Governor c)t tha - .uank of England who is presently visiting the Board, will 4ecom 'PanY him, and suggesting that transportation for these fikt e from Washington to Philadelphia and return be paid 11/7 the Board. Approved unanimously, with the understanding that the travel would be considered official and that official transportation requests ould be used. Secretary.
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