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A meeting of the Federal Reserve 13oard vas held in the office of the Vice Governor on rl'hursday, iilebrtr_ry 1, 192V, at 3:30 p.m. after an informal ecilfcre cc \ ith T'r. 0. H. Smith, Vice President of the Citizens rational 8•11:1c of 'Zoswell, r,cw L:exico, Pr. 1. B. Stroud, Or., leneral counsel of the I'ed era]. Reserve Bank of Dallas, rr. 4. 11. roles, Director of the 71 Paso Brellch and Rat ional Bank ‘,14xaminers Collier and Brewer. 7T: Vice qoverno r Platt Ir. Hamlin Pr. TTitchell Pr. Crissinr,;(x Pr. TToxton, The Board discussed a letter dated January 31st, from 1-r. J. T. Rising, Vice _President of the rational Park Bank of Hew York City, addressed to Fr. H. Smith, Vice :)resident of the Citizens National Bank of Roswell, Rev r - exleo, in which 1 tter Pr. Rising outlined a plan designed to promote the rehabilitation of the Citizens Rational Bank of Roswell, w re:•ico, upon a basis Of cooperation of the creditors of the said bank inclwins! the federal Reserve Bank Of Dallas. Pr. Trmlin moved that the Acting Governer be requested to advise the Chairran of the Federal Reserve Bank of 7).11as that the Board feels that the question of the rehabilitation of the Citizens Rational Bank of Roswell, Hew rexieo, should be vrorled out by the Board, of Directors of the Federal Reserve Bank of Tz_,11as, but that if, in the judment of the said. Poprd of Directors, the plan otztlir.e in Hr. Rising's letter affords the best solution to the problem, to Federal Reserve ro-rd viii interpose no objection. he meeting adjoirned at 3:35 p.m. 7.)ecret Cry.
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