Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Minutes, February 28, 1935, Volume 22, Part 1

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556
A meeting of the Federal Reserve Board was held in Washington
on Thursday, February 28, 1935, at 11:30
a. m.
PRESENT:

Mr.
Mr.
Mr.
Mr.
Mr.

Eccles, Governor
Hamlin
Miller
James
Szymczak

Mr. Morrill, Secretary
Mr. Bethea, Assistant Secretary
Mr. Carpenter, Assistant Secretary
The Board acted upon the following matters:
Bond in the amount of $50,000, executed on February 26, 1935,
by Mr. Clyde Edward Harrell as Acting Assistant Federal
Reserve Agent
at the
Cincinnati Branch of the Federal Reserve Bank of Cleveland.
Approved.
Memorandum from Mr. Carpenter, Assistant Secretary, submitting
4 letter dated February
7, 1935, from Mr. E. F. Abell with which he in-

closed a voucher in the amount of $411.35 for
services rendered by him
in connection with the Board's new building for the period from January
6 to February 1, 1935, the date upon which the program of competition
for the new building was announced, and
in which he stated that because
of the expense
incurred by him, in connection with the work performed
tor
the Board, the voucher had been made to cover the period to
Pebl*IlarY 5, 1935. Mr. Miller, Chairman of the Board's Building Committee,
hacl recommended that the voucher be approved for
payment.
Approved.
Letter to Mr. Rounds, Chairman of the Retirement Committee of
the

Retirement System of the Federal Reserve Banks, reading as follows:




557

fl 2/28/35

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"The Board has again had under consideration the subject
of the employees listed below who are members of the Retirement System who have reached 65 or more years of age.
L. G. Copeland
Addie K. Burchard
Caroline B. Quesenberry

Susan U. Snead
Mary L. Soule
R. N. Simms

"In view of the quality of the services still being
rendered by these employees, the Board does not now contemplate retiring them, and therefore it is requested that
the Retirement Committee approve their continuance in
service for a period of one year from March 1, 1935, in accordance with section 3, subsection (1), paragraph (a) of the
Rules and Regulations."
Approved.
Two telegrams to Mr. Clark, Assistant Federal Reserve Agent at
the Federal Reserve Bank
of Atlanta, authorizing him, subject to the
condition prescribed in the telegrams,
to issue limited voting permits
to "The First National Bank of Birmingham", Birmingham, Alabama,
and
"The First National Company of Birmingham", Birmingham, Alabama, entitling
such organizations to vote the stock which
they own or control in "The
11°0d1awn-American National Bank of Birmingham", Birmingham
, Alabama,
"The Fairfield American National
Bank", Fairfield, Alabama, and "The
Leeds-American National Bank", Leeds, Alabama, for the purposes set
forth in
the telegrams.




Approved.

Thereupon the meeting adjourned.

W-)01A

Secretary.