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Minutes of actions taken by the Board of Governors of the Federal Reserve System on Friday, February 15, 1952. PRESENT: Mr. Martin, Chairman Mr. Vardaman Mr. Powell Mr. Carpenter, Secretary Mr. Sherman, Assistant Secretary Mr. Kenyon, Assistant Secretary Telegrams to the Federal Reserve Banks of New York, Cleveland, Richmond, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and 3an Francisc0 stating that the Board approves the establishment with°lit change by the Federal Reserve Bank of San Francisco on February 13, "bY the Federal Reserve Banks of New York, Cleveland, Richmond, Chicago, St. Louis, Minneapolis, Kansas City, and Dallas on February Ills 1952, of the rates of discount and purchase in their existing sc hedules. Approved unanimously. Memorandum dated February 12, 1952, from Mr. Sloan, Director, 1/.1.ida44-on of Examinations, recommending that John N. Lyon be transferred 4 4 nonpermanent basis from his present position as Accountant in the kvio4 ---Lon of Administrative Services to the Division of Examinations, a/1. 4 he be appointed an Assistant Federal Reserve Examiner, with ofal headquarters at Washington, D. C., and that his basic annual 4.1ary be increased from $4,580 to $4,745, effective as of the date 2/15/52 -2- tiPon which he assumes his new duties. The memorandum stated that the Division. of Administrative Services was agreeable to the transfer. Approved unanimously. Letter to the Presidents of all Federal Reserve Banks, reading as follows: "The technical study, 'The Development of Bank Debits and Clearings and Their Use in Economic Analysis,' by George Gar of the Federal Reserve Bank of New York, is now available for distribution. One copy of the pamphlet lS being sent to you herewith, and AB shall be glad to send you without charge such additional copies as you may ?quest. One copy is also being sent to your Research uePartment but no copies are being sent direct to branches or directors of Federal Reserve Banks. "The pamphlet will be furnished free upon request to Government departments, agencies, and establishments (foreign and domestic, including central banks); libraries and teachers educational institutions; public libraries; and the press. or others the price will be 25 cents each up to 10 copies Vld 15 cents each for 10 or more copies in single shipment0 ft would be appreciated if you would inform your staff of policy of distribution. "As in the case of other publications, there will be :charge to member banks for copies ordered by them, but 4.11°111d you desire to distribute copies at your own expense 3°111e of your member banks the Board will be glad to supthe necessary copies at the rates stated above as long a3 the stock lasts." Approved unanimously.
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