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87 A meeting of the Board of Governors of the Federal Reserve System was held in Washington on Saturday, January 15, 1944, at 11:30 a.m. PRESENT: Mr. Eccles, Chairman Mr. McKee Mr. Evans Mr. Mr. Mr. Mr. Morrill, Secretary Bethea, Assistant Secretary Carpenter, Assistant Secretary Clayton, Assistant to the Chairman The action stated with respect to each of the matters hereinafter referred to was taken by the Board: Memorandum dated January 4, 1944/ from Mr. Morrill, recommending (1) that the following increases in basic annual salaries of em131°Yees in the Secretary's Office be approved, effective January 16, 1944, and (2) that the temporary appointment of Miss Anne Lipscomb as 4 jUnior file clerk be made permanent, effective immediately: Name Lipscomb, Anne Allred, Frances Kapp Davis, Marilyn Beale, Loretta D. Haltigan, Helen A. Dodge, Mary J. UcAllister, Emily Aknter, Maize, Beatrice Margery D. Designation Junior File Junior File Junior File Junior File File Clerk File Clerk File Clerk File Clerk File Clerk Clerk Clerk Clerk Clerk Salary increase To From 1,560 1,560 1,620 1,620 1,740 1,740 1,860 1,980 1.k1,560 1,620 1,620 1,680 1,740 1,860 1,860 1,980 2,100 Approved unanimously. Letter to Mr. Rounds, First Vice President of the Federal Reserve Bark of New York, reading as follows: 88 1/15/44 -2- "The Board of Governors approves the payment of salaries to the following officers of your bank, for the period January 1, 1944 to March 31, 1944, at the rates shown Which are the rates fixed by your Board of Directors as reported in your letter of January 6, 1944. Annual Salary Name Title J. W. Jones 16,000 Vice President 15,000 Arthur Phelan Vice President 15,090 Valentine Willis Vice President Franklin E. Peterson Manager, Bank Rela6,500 tions Department E. C. French Manager, Collection 7,000 Dept. "It is noted from your letter that all officers of the Bank and Branch, including the four newly promoted officers listed above, were appointed for the period until the first meeting of the board of directors in 1945, except the President and First Vice President, whose terms are fixed by statute, and Messrs. French and Kettner, each of whom has attained age 65 and was reappointed for the period through March 31, 1944. "It is also noted that Mr. I. B. Smith, formerly Manager of the Bank Relations Department and the Government Check Department will continue as Manager of the Government Check Department." Approved unanimously. Letter to Mr. Young, President of the Federal Reserve Bank of oh,cago, reading as follows: "The Board of Governors approves the payment of a salarY to Mr. Edward D. Bristow, as an Assistant Cashier, at the rate of 14,500 per annum, for the period January 16, 1944 to March 31, 1944, which is the rate fixed by Your Board)1;:ij:ectors ..)4 as reported in your letter of January 7, Approved unanimously. Letter to Mr. Vest, Vice President of the Federal Reserve Bank °I' San F rancisco, reading as follows: 89 "In accordance with the request contained in your letter of January 4, 1944, the Board approves the designation of the following as special assistant examiners for the Federal Reserve Bank of San Francisco: Salt Lake City Branch PUtland J3rancli John W. Eaton L. D. Moyer Harold E. Schmeer "Appropriate notations have been made in our records f the names reported as deletions." Approved unanimously. Thereupon the meeting adjourned. • ecreta Chairman.
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