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(38 A. meeting of the Federal Reserve Board was held in the office of the Federal Reserve Board on Wednesday, January 27, 1932, at 11:35 a. m. PREMIT: Governor I..Ieyer Mr. Hamlin Mr. Miller Mr. James. Mr. Magee Morrill, Secretary Mr. McClelland, Assistant Secretary. The minutes of the meetings of the Federal Reserve Board held on January 18, 19 and 20 were approved. Consideration was then given to a telegram to the Governor of the Federal Reserve Bank of San Francisco, referring to his wire of January 23 giving the details of the custody and control of the supply of currency recently sent to Boise, Idaho; the telegram stating that with the understanding that the necessary insurance protection is in force, or will be Promptly arranged, the Federal Reserve Board interposes no objection to the plan which has been made effective at Boise. Telegram anproved. Reports of Standing Committee dated January 27, recommending approval Of the following changes in stock at Federal Reserve banks: applications for SURRENDER of Stock: District No. 2. Linden National Bank, Linden, N. J. (V.L.Abs. by Linden Trust Company) Cherry Creek National Batik, Cherry Creek, N. Y. (Decrease in surplus) Shares District No. 4. First National Bank, Fleming, Ky. (Decrease in surplus) District No. 6. First National Bank in Gulfport, Miss. (Insolvent) 150 9 159 21 21 288 288 69 1/27/32 -2- Applications for SURRENDER of Stock: (Contld) District No. 7. First National Bank, El Paso, Ill. (Insolvent) First National Bank, Doan, Iowa. (Insolvent) District No. 11. First National Bank, Avery, Texas. (V.L.Abs. by Red River National Bank in Clarkesville, Texas) First National Bank, Laredo, Texas. (Insolvent) District No. 12. First National Bank, Venice, Calif. (Insolvent) Commercial Bank, Okanogan, Wash. (Insolvent) Shares 81 36 117 .1.1.1!NEM.• 30 168 198 36 36 Total 72 855 Approved. The meeting adjourned at 12:00 noon. SecretarY. Approved:
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