The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
At a meeting of the iederal Reserve board neld in tue office of tne board on Wednesdaj, January 14, Iva), au 11 A.m., PRESENT: Tne Mr. Mr. Mr. Mr. Minuses or Vioe-Governor miller Hamlin Moenlenpau Cnapman, Secretary. meetints of tne board neld on January 13tn were read, and on zouion approved as amended. business was presensed and disposed or as follows: Tne Vice-Governor reported rediscount transaction, pursuant 40 autuorit ueretofore vested in um: member bank promissory notes secured u uovernment ouligations, rate 4-3/4%, as follows: Date bank Rediscounting Mtn Jau.latu Pniladelpnia Dallas Amount $5,00U,000 maturities 11-lb days Voted. REPOETS OF COMMITTEE NO. 1: Dated Jan. 14tu, recommending approval of applications for fiduciary powers as set fortn in une auxiliary minute uook as of tnis date. Approved. Dated Jan. 14tu, recommending approval of application of Joan E. Gonser to serve at, tne same time as a director of tue Farmers National Bank, Reading, Pa., and tne Kutztown National bank, Kutztown, Pa. Approved. Dated Jan. l3tn, recommending approval of application of G. Libeling to serve at tne same time as vice-President and Director, Calcasieu liational Dank of Soutnwest Louisiana, Lake Cnarles, La., and of tne first National Dank, Ouerlin, La. Approved. Dated Jan. 13n, recommending approval of applications or tile following to serve at tne same time as officers and directors of tne uanks indicated: E. fl. Hazzard: Casnier and Director, Calcasieu national Dank of Soutnwest Louisiana, Lake Cnarles, La. Director, First National Dank, Ouerlin, La. Director, First Joint Stock Land Dank, Lake Cnarles, La. H. u. Cnalklej: Director, Calcasieu National Dank of Soutnwest Louisiana, Lakt. Cnarles, La. Director, First Joint Stock Land Dank, Lake Cnarles, La. G. A. Courtney: vice-President and Director, Calcasieu National bank of Soutnwest Louisiana, and of tne First Joint Stock Land Dank, (Amin of Lake Cnarles, La. President and Director, First National Bank, Elton, La. H. H. Hoag: Director, Calcasieu National Dank of Souunwest Louisiana and tanager of Jennings Office of sucn 6ank, Lake Cnarles, La. Director, First Joint Stock Land Bank, Lake Cnarles, La. Director, First National bank, Elton, La. Frank Rouerts: President and Director, Calcasieu National Dank of Soutnwest Louisiana, and of tile First Joint Stock Land Bank, uotn of Lake Cnarles,La. Director, First National Dank, Oberlin, La. -3S. Artnur Knapp: Vice President and Director, Calcasieu rational bank of Soutnwest Louisiana, and of tne first Joint Stock Land Baia, botn of Lake Cnarles, La. President and Director, First ilational bank, Longville, La. Approved, tue above applicants to be advised tnau tile permission of tue board relates only to uneir status under Section a of tue Clayton Act as amended by tne Kern Amendment, and that tile board does not undertake to rule on tile question of tneir eligibility under tue provisions of tue Farm Loan Act to serve at tue same time as directors of a joint stock land bank and as directors of any ()tiler uanks. Letter dated January 10th from Lae Onairman, Federal Reserve bank of St. Louis, inquiring it tne 1910 census mint ue used as a oasis of estimating tue population of Malden, Mo.,in determining tue amount of capital tuat tne Dunklin County bank of tnat city must nave in order to make it eligible for membersuip in 'tile Federal Reserve System. Referred to tue Vice-Governor for reply. Letter dated January 13tn from tue Federal Reserve Agent at Philadelpnia, advising tuat by reason of request of tue board's Division of Analysis and Research for enlar ed reports on business conditions, several additions must be made to tue Federal Reserve Agent's force, and 4nat, tueuovernor of tue Federal Reserve Bank of Pniladelpnia advised him tnat additional space for sucn force could not 4be made available to Wu) Federal Reserve Agent au WaiS time. Referred to t e Secretor. ) , for report. At 11-30 A.M., tne meeting adjourned. Approved: vice-Governor.
@FedFRASER