Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Minutes, January 28, 1948, Volume 35, Part 1

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126

Minutes of actions taken by the Board of Governors of the
Pederea

Reserve System on Wednesday, January 28, 1948.
PRESENT:

Mr.
Mr.
Mr.
Mr.
Mr.

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

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

Minutes of actions taken by the Board of Governors of the
Pecle,
- 1-1- Reserve System on January 27, 1948, were approved unani"
41011Sly

Telegram to Mr. Leach, President of the Federal Reserve
/3f:ink
4- Richmond, reading as follows:
'
"Retel January 27, Board approves amendment to
1 °13-cash collection circulars recommended in report of
,
mmittee on Collections dated January 12, 1948, to
become effective March 1, 1948, which recommendation
You state in your telegram has been approved by all
Pre
sidents."

r

Approved unanimously.

APProved:




/6
(
/(A/
Chairman.