Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Minutes, January 19, 1942, Volume 29, Part 1

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

87
A meeting of the Board of Governors of the Federal Reserve
System was held
in Washington on Monday, January 19, 1942, at 11:00

PRESENT:

Mr.
Mr.
Mr.
Mr.

Ransom, Vice Chairman
Szymezak
McKee
Draper

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:
The minutes of the meeting
of the Board of Governors of the

Federal Reserve
System held on January 17, 19b2, were approved unani-

Memorandum dated January 17, 1942, from Mr. Nelson, Assistant
Secret
arY, recommending that Stephen J. Ackerman be appointed on a tem,
Porey—
'J Dasis for an indefin
ite period as a guard in the Secretary's
(/ffin- .
", with salary
at the rate of n,380 per annum, effective as of
the
date upon
which he enters upon the performance of his duties, with
the unde
rstanding that if his work is satisfactory during the first six
111(11.1the of his appointment a further recommendation
will be submitted
"king that his
salary be increased to !!1,500 per annum.
Approved unanimously.
Ilemorandum dated January 16, 1942, from Mr. Nelson, Assista
nt
Seere4._
, recommending that Gordon P. Johnson junior operato
,
r (dupli-

cattrig d
"Ices) in the Secretary's Office, be transferred to the Board




88
1/19/42

-2-

/leathers! Offices
as a messenger on a temporary basis, during the period
Of
Bishop B. Hart's
absence on military leave, with no change in his
Present salary at
the rate of !q,380 per annum, effective immediately.
Approved unanimously.
Letter to Mr. Hitt, First Vice President of the Federal Re.1

serve Bank of
St. Louis, reading as follows:
"The Board of Governors approves the change in the
Personnel classification plan of the Louisville Branch
as requested
in your letter of January 12, 1942."
Approved unanimously.
Letter to Mr. Leedy, President of the Federal Reserve Bank of
4118as City,

reading as follows:

"The Board of Governors approves the changes in
he
personnel classification plan of your Bank and Denver
zoranch as
requested in your letter of January 12, 1942.
"With reference to your recommendation regarding
the
: lazy of Mr. Albert Stannard, the Board has deferred
on this matter until it can be discussed with you
aoci
r Ur. Koppang when one of you next visits Washington."




Approved unanimously.
Thereupon the meeting adjourned.

(-001A
;i2
Secretary.

Vic

Chairman.