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A meeting of the Federal Reserve Board was held in the office of
the Federal Reserve Board on Wednesday, February 2b, 1931, at 10:45 a. mi.
PRES.ITT:

=SENT ALSO:

Governor Meyer
L. Hamlin
Mr. Miller
Mr. James
Mr. Pole
lir. McClelland, Assistant Secretary
Er. Goldenweiser, Director of Division
of Research and Statistics.

Further consideration was given to the annual report of the Board
l'or the year 1930, in galley form, and a discussion ensued during which
certain changes were agreed upon which Mr. Goldenweiser was instructed
to i
ncorporate in the report.
At the conclusion of the discussion,
upon motion, it was voted that the report,
as amended, be approved. for presentation
to the Speaker of the House of Representatives on March 4, 1931, and the Assistant
Secretary was instructed to release it to
the press for publication in the afternoon
papers of that date.
M. Hamlin then referred to the action taken by the Board at
the meetinp
of the Executive Committee on February 21st relative to the
ClaYton Act

application of Mr. George A. G. Wood.

He presented a memo-

alic11114 from Counsel, submitting draft of a letter to the Federal Reserve
4ent at Richmond regarding this application and also submitting infor,raation
'
eearding the most recent amendment to the Clayton Act and the
Pciic
,
J which has been followed by the Board since its enactment. He
alleated that before final action is taken on 1. Wood's application
eQtaide
-ration should be given to the 13oard's general policy in the
.Letration of the Clayton Act.




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-2-

After discussion, Counsel's memorandum
was ordered circulated and resubmitted to
the Board at a later meeting.
The meeting adjourned at 12:00 o'clock noon.

Owa,

Assistant Secretary

APProved: