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62

Minutes of actions taken by the Board of Governors of the
Federal Reserve System on Tuesday, January 17, 1950.
PRESENT:

Mr.
Mr.
Mr.
Mr.
Mr.

McCabe, Chairman
Eccles
Szymczak
Draper
Vardaman
Mr.
Mr.
Mr.
Mr.

Carpenter, Secretary
Sherman, Assistant Secretary
Morrill, Special Adviser
Thurston, Assistant to the Board

Minutes of actions taken by the Board of Governors of the
Pederal Reserve System on January 13, 1950, were approved unanimously.
Memorandum dated January

6,

19)01 from Mr. Young, Director of

th45 Division of Research and Statistics, recommending an increase in

the basic salary of Mrs. Dorothy Reeves, a secretary in that Division,
freĀ°111 $3,850 to $4,075 per annum, effective January 22, 1950.
Approved unanimously.
Memorandum dated January 16, 1950, from Mr. Bethea, Director
t the Division of Administrative Services, recommending that the
'
lesignation of Albert C. Bain, a telegraph operator in that Division,

be

accepted to be effective, in accordance with his request, at the

Close of
business February 10, 1950.
Approved unanimously.
Letter to The Honorable, The Comptroller of the Currency,
'
leexling as
follows:
"It is respectfully requested that you place an




63
1/17/50

-2-

"order with the Bureau of Engraving and Printing supplementing the order of June 20, 1949, for printing Federal
Reserve notes of the Federal Reserve Bank of Dallas in
the amount and denomination stated below:
Amount
Number of
Denomination
sheets

$3,000,000"
Approved unanimously.
Memorandum dated January 11, 1950, from Mr. Chase, Assistant
Saicitor, recommending, for the reasons stated therein, that $1,150
be added to the item of traveling expenses in the 1949 budget of the
So
licitor's Office.
Approved
unan/41'
411011)*Ier:
Secretary.
%roved: