The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
128 At a special meeting of the Federal Reserve Board held in the office of the Board at 3.00 p. m. on Wednesday, February 17th PREKINT: Mr. Hamlin, presiding, Mr. Warburg . Delano Mr. Harding 1.1r. Williams Mr. Miller Mr. Mills, Secretary. It being the regular discount day, a communication from Federal Reserve Agent Jay of the Federal Reserve Bank of New York with reference to rates of discount was presented to the Board and on motion the following rates were approved: 00E2RCIAL PAM: Maturities up to 90 days Maturities over 90 days up to 6 months. 5% ACOEPTANOES: 2% to 4% at the discretion of the Bank. The Secretary of the Board was instructed to notify the Bank of the action taken and, for their information, to state the same to other Federal reserve agents. A telegram from Federal Reserve Agent Bosworth asking authority to issue an additional million dollars of 129 Federal Reserve notes to the Federal Reserve Bank of Chicago was presented to the Board. The Secretary was directed to telegraph Li.. Bosworth that no authority is required if the action taken is merely that of paying out notes already on hand; while, if he desires an additional supply of notes, it will be necessary to make application in the usual way, stating denominations, etc. The proposed draft of a letter to Federal Reserve Agents relating to the clearing of checks was given consideration and revised by the Board, a fresh proof being ordered. On motion the applications for additional stock made by various national banks and duly recommended by Mr. Harding as Chairman of the Committee on Admission of Banks to the Federal reserve system, were presented to the Board and approved as follows: DISTRICT No. 2 First National Trumansburg, N. Y. DISTRICT No. 3 Collingswood National Haddon Heights National Second National Peoples National Collingswood, N. J. Haddon Heights, N. J. Hoboken, N. J. Pemberton, N. J. First National First National First National First National Peoples National First National First National First National Merchants' National First National First National Citizens National farmers National First National Luzerne National Millersville National Pen Argyl National Plymouth National First National Sellersville National First National Sunbury National First National Terre Hill National Central National First National Pleasantville, N. J. Lerchantville, N. J. Tenafly, N. J. Darby, Pa. Eduardsville, Pa. Elizabethville, Frederica, Del. Gratz, Pa, Harrisburg, Pa. Hamburg, Pa. Herndon, Pa. Hollidaysburg, Pa. Lititz, Pa. Intercourse, Pa. Luzerne, Pa. Millersville, Pa. Pen Argyl, Pa. Plymouth, Pa. Ralston, Pa. Sellersville, Pa. South Fork, Pa. Sunbury, Pa. aNineford, Pa. Terre Hill, Pa. York, Pa, Felton, Del. DISTRICT No. 4 First National First National First National First National Third National New First National First National First National Hooking Valley National Lancaster National First National Quaker City National Commercial National Third National Bank First National Farmers & Producers Nat'l Stanford, Ky. Amesville, Ohio Burton, Ohio Cadiz, Ohio Circleville, Ohio Columbus, Ohio. Dalton, Ohio Zast Liverpool, Ohio Lancaster, Ohio Lancaster, Ohio Mendon, Ohio Quaker City, Ohio Sandusky, Ohio Sandusky, Ohio Sardis, Ohio Solo, Ohio 131 National Bank of First National Old National Bank First National Corry, Pa. Fairchance, Pa. New Brighton, Pa. Shippenville, Pa. DISTRICT No. 6 First National First National First National First National First National First National First National Dawson National First National First National Ashland, Ala. Huntsville, Ala. Midland City, Ala. Tuakaloosa, Ala. Panama City, Fla. Perry, Fla. Bainbridge, Ga. Dawson, Ga. Eastman, Ga. Lewisburg, Tenn. DISTRICT No. 7 First National First National First National American National Citizens National State National First National First National First National First National First National First Ilational The National Bank of First National Bank First National First National First National jullom, Ill. Nauvoo, Ill. Villa Grove, Ill. La Fayette, Ind. Kokomo, Ind. Lowell, Ind. Shelbyville, Ind. Boone, Iowa Conn Rapids, Iawa .0verly, Iowa Newton, Iowa Charter Oak, Iowa Flint, Mich. Northwood, Iowa Renwick, Iowa Riceville, Iowa Woodbine, Iowa DISTRICT No. 8 First National Hillsboro National Albion, Ill. Hillsboro, Ill. DISTRICT No. 9 First National First National West Concord, Madison, S. Dak. DISTRICT No. 10 First National Bank First National Bank First National Corn Exchange National American National First National First National Columbus, Nebr. Gordon, Nebr. Hay Springs, Nebr. Omaha, Nebr. Sapulpa, Okla. Delphos, Kansas Meade, Kansas DISTRICT No. 11 First National Caldwell National Comanche National Farmers Vational reenville i;rational Stone Fort liational First National CoMmercial National First National Victoria National Durant, Okla. Caldwell, Texas Comanche, Texas Gonzales, Texas Greenville, Texas Nacogdoches, Texas Richmond, Texas Sherman, Texas Valley View, Texas Victoria, Texas DISTRICT No. 12 First National United States National United States National Nampa, Idaho Vancouver, lash. McMinnville, Oregon The applications of the following named banks for stock in Federal reserve banks were also approved: DISTRICT No. 5 The National Bank of The National Bank of Lamberton, N. C. Rocky Mount, N. 0* 133 First National Wise County National Pearisburg, Va. Wise, Va. DISTRICT No. 7 First National Gladwin, Mich. DISTRICT No. 8 First National Itta Bena, Liss. DISTRICT No. 9 First National First National Alpa, Lich. Frankfort, S. Dak. DISTRICT No. 11 First National First National State National Central National Bagwell, Texas Eddy, Texas Honey Grove, Texas San Angelo, Texas DISTRICT No. 12 First National First National Woodlake, Gal. Gardiner, Oregon On motion at 6.00 p. m. the Board adjourned. APPROVI3D: Chairman.
@FedFRASER