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104 A meeting of the Board of Governors of the Federal Reserve SYstE lwas held in Washington on Wednesday, January 23, 1946, at 2:15 PRESENT: Mr. Mr. Mr. Mr. Mr. Eccles, Chairman Ransom, Vice Chairman Szymczak Draper Evans Mr. Carpenter, Secretary Mr. Connell, General Assistant, Office of the Secretary Mr. Morrill, Special Adviser Mr. Thurston, Assistant to the Chairman Chairman Eccles reported that Mr. Hinckley, Director of Contract Settlement, had announced his resignation and had told the Chair- man that the work in the Office of Contract Settlement was rapidly being co mPleted. It was stated that some of the Board's offices were e3*‘einelY crowded, particularly the Division of Research and Statistics) and that the space now being occupied in the Board's building bY the Office was very much needed. Upon the suggestion by Mr. Draper, it was agreed that the Office of Contract Settlement should be notified promptly that the space Occupied bY it in the Board's building should be vacated as promptly possible so that necessary provision may be made for the Board's (31'41 etaPloYees, The action stated with respect to each of the matters hereine'rter r eferred to was then taken by the Board: The minutes of the meting of the Board of Governors of the ?ed.'al Reserve System held on January 22, 1946, were approved unanirroasly. 105 1/23/46 —2— Memorandum dated January 21, 1946, from Mr. Thomas, Director of the Division of Research and Statistics, submitting the resigna— tion Of Miss Geraldine L. Davidson, a clerk—stenographer in that Divi— sion, and recommending that the resignation be accepted as of the 105e of business February 1, 1946, and that a lump sum payment be raacle for the annual leave remaining to her credit at that time. The resignation was accepted as recommended. Memorandum dated January 18, 1946, from Mr. Paulger, Director °f the Division of Examinations, recommending that, in view of the coatinued illness of Herbert H. Hagler, an Assistant Federal Reserve r, his leave with pay be further extended for such period as be necessary to carry him for a full year from June 13, 1945, the at when his accumulated and accrued sick leave was exhausted, Ilith the understanding that this leave shall include the leave ac— cl%ed 3 --- any, during the year period and that, as in the past, the 1ea:7e will not be charged to any leave which may accrue after his ret to duty. The memorandum stated that should Mr. Hagler be able to P(Irt for duty prior to the expiration of the extended leave, he 11°111d do so; and that otherwise the case would again be reviewed. Approved unanimously. Letter to Mr. Gidney, President of the Federal Reserve Bank Of Cle7e4nd, reading as follows: "The Board of Governors approves the reappointments 106 1/23/46 "of —3— Messrs. C. F. Hood, H. P. Ladds, H. R. Neff, D. C. &Wander, and W. W. Withington as members of the Industrial Advisory Committee for the Fourth Federal Reserve District to serve for terms of one year each, beginning March 1, 1946, in accordance with the action taken by the Board of Directors as reported in your letter of January 16, 1.n 946 Approved unanimously. Letter to Mr. Young, President of the Federal Reserve Bank of 41-(N:01 reading as follows: "In accordance with the request contained in your letter of January 17, 1946, the Board approves the des— ?gnation of Robert E. Sorg as a special assistant exam,lner for the Federal Reserve Bank of Chicago." Approved unanimously. Memorandum dated January 18, 1946, from Mr. Thomas, Director °I' the n i.vision of Research and Statistics, submitting vouchers for Ileilthursement for travel and other expenses incurred by Susan Burr Lite hrleld, Doris P. Warner, and Frederick C. Dirks during a trip to Chica go on official business. The memorandum recommended approval °lithe vouchers and stated that special Board approval was necessary bee , 'Ise It was not possible to obtain the usual lower berths and kore expensive Pullman accommodations had to be used. Approved unanimously. Thereupon the meeting adjo 41313110\re Chairman.
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