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g) 0 9 6.# r6.0 A meeting of the Board of Governors of the Federal Reserve SYsteu was held in Washington on Wednesday, December 9, 1942, at 11:00 a.z. PRESENT: Mr. Mr. Mr. Mr. Mr. Mr. Eccles, Chairman Ransom, Vice Chairman Szymczak McKee Draper Evans Mr. Mr. Mr. Mr. Morrill, Secretary Bethea, Assistant Secretary Carpenter, Assistant Secretary Clayton, Assistant to the Chairman The action stated with respect to each of the matters herein.4jels referred to was taken by the Board: The minutes of the meeting of the Board of Governors of the Nder al Reserve System held on December 8, 1942, were approved unani140144. Memorandum dated December 3, 1942, from Mr. Smead, Chief of the Obilsion of Bank Operations, referring to the approval by the Board on Oetobe_ r ly 1941, of the retention in active service until December 31, 1942, of John DeLaMater, supervisor of service functions in that Division, Who rea ebed the retirement age of 65 on January 30, 1942, and recommending th. he be retained in active service at his present salary of $4,000 per 41%4 Or a period of not to exceed one year beginning January 1, 1943. Ihera tee eni"anclum stated that Mr. DeLaMater had applied for retirement ef- t1141 January 1, 1943, with the understanding that, if retained in the 00Cit,) 12/9/42 Boardt s -2service, payment of his retirement allowance would be sus- Until the termination of his employment in accordance with the t151148 of the resolution adopted by the Retirement Committee on November 28 '1942, and that no further contributions to the retirement system w°104 be made by Mr. DeLaMater or the Board after his retirement on 414NAr7 1, 1943. Approved unanimously. Letter to Mr. Mercer, Vice President of the Federal Reserve 13arlit of Richmond, reading as follows: "In accordance with the request contained in your : 3 etter of December 4, 1942, the Board approves the designation of the following as special assistant examiners for the Federal Reserve Bank of Richmond: R. T. Keller C. H. Sauerwein W. T. Seidell J. W. Speicher K. V. Woodzelle" Approved unanimously. Telegram to Mr. Evans, Vice President of the Federal Reserve 134111t of Dallas, reading as follows: "Reference letter December 5, Board approves ap1.30intment Thomas Arthur Segelhurst as assistant examiner. If appointment is not made effective December 21, please a dvise." Approved unanimously. Letter to the board of directors of the "First Trust & Savings tallit of Kankakee", Kankakee, Illinois, stating that, subject to conditions ot ria enlbership numbered 1 to 6 contained in the Board's Regulation H, the Ck 4 .0k -0F 12/9/42 —3— %ardaPproves the bank's application for membership in the Federal Re"re SYstem and for the appropriate amount of stock in the Federal Re'U of Chicago. Approved unanimously, for transmission through the Federal Reserve Bank of Chicago. Letter to Mr. S. A. Mitchell, Chief of the Finance Section of the 44YDe Partment, reading as follows: th "There is enclosed a copy of a memorandum prepared by A e War Department on 'Amendments of Executed Guarantee pet;eements/ which we have been asked to transmit to all egeral Reserve Banks and liaison officers. "It will be appreciated if you will review the proposed raemor andum and advise us whether or not the procedure outeyed therein should be followed in the case of guarantees on behPlf of the Navy Department." Approved unanimously, together with a similar letter to Mr. R. E. Anderson, Director of Finance of the United States Maritime Commission. MeMorandum dated December 8, 1942, from Mr. Paulger, Chief of the of Examinations, submitting the travel expense voucher of E. R. ' 'a Federal Reserve Examiner, covering the period November 1 to 30, °Ild recommending, because it was necessary for Ir. hallard to accept space was available in order to return to Washington on November 1942 • ln accordance with previous arrangements, that the Board approve t P4111ent of an additional expenditure of 41.70, covering the difference •LII the 1311-ce of a standard lower berth and a duplex single room. Approved unanimously. 2294 -4-Thereupon the meeting adjourned. 4, . 57NQIZEk; hr)c04/10.:2-1 Secretary.
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