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Lt a special meetin' of the Federal Reserve Board held in the office of the Board on Monday., January 12, 1920, at 6-15 P. m., fEr.413:72: The Mr. Mr. Mr. Mr. Mr. Governor Strauss Miller Hamlin Moehlerpah Cuapwan, Secretary. Business was presented and disposed of as follows: Memorandum by General Counsel dated 1;ecember 3d in re effect of change of name and location of a member bank in cornection with alteration of name of payee of bill by the Texas bank and Trust Company, tiaivestor, Texas. Voted that the Governor instruct General Counsel to request an opinion in the matter by the Counsel for the 2ederal Reserve Bank of . Dallas. Telegram dated January 6th f'rem the Chairman, Federal Teserve Bank of Dallas, advising of the appointment of :Jr. L. Ball, Chairman of the Board of Directors of the 7lational Bunk of Uoiimerce, an ntonio, Txas, as a member of the Fed- eral .,',dvisory Council to represent the Lleventh Federal Reserve ,.strict for the year 1920i the reelection of Messrs. Kerr, _tev.art and Gilbert co directors at the 1 Paso Branch, and of Messrs. Bryan, Andres and Lawder as directors at the tIouston Branch of that Bank for the year 192'0. roted. Letter dated January 6th from the President, Frenchknerican Banking Corporation, requesting an amendment of its agreement with the eoard whereby the aggregate of its outstanding acceptances plus the total of all deposits held by it may not exceed twelve times the emount of its subscribed capital and rplue, rather than six. times, az under the terms of said agreement. Lpprovod. Application of the southern Lxchunge Sank, Doublin, Georgia, for membership in the Federal ,I,userve System. Disapproved by reason of insufficiency of capital, in view of population. Letter dated January 7th from the Federal Reserve Le.ent t Zt. 1.0111.6, in explanation of item "Officers dinners .;;60.84" contained in report of e:epenues of that Bank for 7.7.ovember, 1919. In view of the statement made by Mr. Martin, no objection was made to the expenditure. Telegram dated January 12th from the Chairman, Federal Reeerve Bank, of ChieLo, suggesting for coneideratien, names of two additional directors for the Detroit 31‘anch of that sank. A discussion developed that through inadvertence the Board had approved the increase of the number of directors of the Detroit Branch from five to seven, and on motion duly 4 Pfl seconded it was 'Voted tht the Governor advise 1.7,r. Heath of this fact, endeavor to restore the status cuo of the by-laws of the Detroit Branch in this respect. 1*-t- 7 Jan. 12th, recommending admission of .:,tate institutions as set forth in the a')Liliary minute book as of tnia Late, subject to the ,:orditions st-,tod in the indiviaual reports cttached to each application. l'pproved. Dated Jan. .1.)th, recommending Lpproval of application of Louis L. size to serve at the some time as President of the C;th;ens-merican Bank and Trust Company, Tampa, Florida, and as director, First National Bank, ;t . . Petersburg, Florida. Approved. Dated Jan. 1 th, recommending approval of appointment of Liss D. T. I.!arcier astenorapher and Typewriter at ,1,5o0 per annum in the Division of Reports and atatistics, vice L. u. Davis, reLp.L.iroved. Dated Jn. 9th, submitting resination of John Penninton Halsted as ;=ountant in the Gold jettlement Division, effective January 15, 192.. 1.,ccepted. Dated Jan. 9th, submittir resicnations of ni65 Daisy HHerbet and 17,1ss 1,:arie Gordon Ricketts, as Clerk- Counters of the Board, assigned to the Redemption Division of the Office of Comptroller of the Currency, effective at 12-30 January 3, 1923, and at close of business December 26, 1919, respectively. Accepted. !4-13 7.7,17§`S -4Lt 4-10 2.L., the meeting adjourned. secretary. Approved: (lover
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