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met of the Federal Fescrvo 77oard vas helP in the 0ifiC, of the Board on Tuesday. Februaa.7.- 22, 1951. at 3:20 i. P1:032,11-T: Governor TTardin Mr. 2ltt Mr. Mr. Wills Mr. 110~-ton, :-inut es of the meting of 3ecretanj. the Board held Februar:- 15th read, and on motion, approved. Ilinates of the netinT of the ebrurj 16th 1:1 Ca'0 xecutive Committee held read. and the action of te Committee set forth ther, in ratified. The rlo vernor re7 or ted the resLawe positions of the sevGral Federal Reserve banks as at cl o of business Febrlv.ry 16th, 17th and 10th, and the status of rediscounts between the Federal Reserve banks as of the same dates. The Gov ern or re p or t ed r edis c ou t traisactions, mar.b er qo vernnen t ob1iations, rate bank ix° mis sory not es secured as follows: Bank red?:scounti nrr_ Dallas Date Feb. 17 With cl eveland Letter dated Februar .:1.mount ,000,000 77aturi tie s 11-15 days 16th, from the 7,a ilwa:,r Loan Advi so ry Committee, rrakin7 explanation of former communication and requestin that the salary of 1:r. C. B. I-Tushe s Way Loan Secretary of the Rail- ;. ,000 per annum. dviso ry Committee, be f ixed at :6 AL)pro ved. -2 Menoranim dated February 17th, from the Genera1 Counsel, requesting authority to purchase certain law books. Approved. Letter dated February 19th, from the Railway. Loan Advisory Committee, requesting approval of a form of loan in the vino mit of •162,000, to be made in two rarts, to the Louisville Dill Jeffersonville Bridge and Railroad Company, under the provisions of Section 210 of the TranTortation Act, 19M, as vi.mended. Approved. Letters dated February 16th, from the Fedezal Reserve Bank Of New York, submitting lists showing changes in employes during the month of January. Not ed. Letter dated February 15th, from the American Exchange National Bank, New York City, requesting permission to accept drafts drawn for the purpose of furnishing dollar exchange by banks or bankers in those forelm countries previously authorized by the Federal Reserve Board. Approved. Letter dated February 16th, from the Chairman of the Federal Reserve Bank of New York, announcing the appointment of Mr. S. S. Vansant as Manager. of the Discount Department of that bank at a salary of 1;5,000 per annum. Approved. -3- a Letters dated February 14th and. 15th, from the Chair= Of the Federal Reserve Bank of Dallas, enclosing circulars ro. 8 and, 9, series of 1921, issued by that bank with relation to the change in rate for purchase of nail transfers, md the abolishment Of the progressive rate in the Eleventh Federal Reserve District. ITot ed. Memorandum dated February 17th, from the General Counsel, announcing the resignation of Mr. R. K. Blakey, employed as law Clerk in the office of Counsel sire October 4, 1920. Not ed. Letter dated. February 19th, from the Comptroller of the Currency, ad.vising the appointment of Mrs. E. S. Mead as Clerk Counter in the Federal Reserve Issue anzl. Redemption Division, at a salary of (:)1,020 per annum. Appr)ved. Letter dated. Februmy 17th, from the Comptroller of the Currency, announcing the appointment of Miss Dorothy J. Pickens as Clerk Counter in the Federal Reserve Issue and Redemption Division; at a salary of $1,020 per annum. Aprroved. Letter dated. February 15th, from the Chief Clerk of the Treasury Deportment, recommending that the appointment of Lizzie Freeman, /1077 char mman at fl.,240 per annum on the Auditor's Build- ing roll of the Treasury Department, be designated by the Federal 154 -4- Reserve Bod to succeed Alice May Fisher, effective February 16 > 1921, said Alice May Fisher to be transferred from the payroll of the Board to the Treasury Departirent. Appio ved.. Mr. Hamlin announced that he had comoleted the index di.03st of the Federal Reserve .Bulletin,and that the subject of having the material printed was now before the Board. Referred to 17.r. _i?latt arrl Mr. -Hamlin with par:er. 11:12POP5 OF COLTII7172, Mo. 1: Dated February 16th, Recomnendinc; changes in stock at Federal 19th, Reserve banks, as set forth in the auxiliary minute book as of this date. ,A,)proved. Dated February 19th, 7ecommeldi np; admission of State institutions as set forth in the auxiliary minute book as of this date, subject to the conditions stated in the mcii vi dual reports attached to each applicat ion. Approved. Dated ';'ebrin.r7,T 22d, 7,,ecommendin, that authority be given to certain rational banks to purchase stock in corporations orpp.nized under the -21dge Act, as set forth in the auxiliary minute book as of this date. Aprr oved. Dated .?ebruary 13th, Reconrenillng approval of the application of Mr. Harding Allen to serve at the sane time as director of the r.erchants rational Bank of *.Vorcester, Mass., as director of the Second 'Tat io nal Bank of Barre, Mass., and as di rector of the Park Trust Company of 7orcester, Mass. Aoproved. February 17th, 7;ecommealin that the application of Mr. Howell to serve at the same time as directors of the Broad Street Thtional Bank mid the 7.-ercer Trust Comoany, both of Trenton, 1T.J. be held. pending further info rmtion from Er. ibted Aus tin. Approved. 155 156 -5 Dated 7ebrual-y 17th, Recommend.in7 that the a7olicr_t i on of 7.7r. 0. C. Bovrnan to serve at the same time as di rectors of the Broad Street TTat ional Bank and the I:ercer Trust Commn:y-, 'both of be held. Titnton, Approved. Dated February 17th, Roca ranendin7 that the application of 7r. C Hutchinson to serve at the same time as directors of the Broad Street -Tationa.1 Balk and. the Licicer Trust Com,-)any, 1:0th of Trenton, :T. J., be held. Aop/o ved. Dated Febr2z,ry 19th, -Recommend.ing.approval of the ap,plic-ation J. F. Carlston to serve at the same time as president and director of the Central 7ational Bank of Oakland, Cal.. as President and. director of the Central Sayof Oakland. Cal., and. as director inrs of the First Lational Bank of Livermore,Cal. A )proved. Dated February 18th, Yecommend.inL7; approval of the application of "-r. Clarence H Clark to serve at the same time as director of the Centennial Fational Bank of Philal_elphia, and as a menber of the firm of George 7. 1:ethricks 3rd. & C,omoany, of ?ilildel9hia, Pa. Approved. Dated. February 15th, Teconrieriding approval of a salary of '3,000 pEr annum to be paid to rr. Fulton F. ,'otter, "Tatiana]. Bank .:3-nirier in the Seventh Federal Reserve District. Approved. Dated. February 18th, Recormnaciins aJoraval of a salary of :2,400 per annum to be paid. to r. Gilbert S. Coffin, 7:e tional Bank --,xaruner in the Twelfth Federal Reseive District. Approved. At 4:15 p.m. the meetinc adjourned. Seer eta Approved:
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