The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
1.16 A meeting of the Board of Governors of the Federal Reserve stem was held in Washington on Wednesday, January 29, 1941, at 2:30 • PRESENT: Mr. Mr. Mr. Mr. Mr. Eccles. Chairman Szymczak McKee Davis Draper Mr. Morrill, Secretary Mr. Bethea, Assistant Secretary Mr. Carpenter, Assistant Secretary Mr. Clayton, Assistant to the Chairman The action stated with respect to each of the matters here— referred to was taken by the Board: The minutes of the meeting of the Board of Governors of the ?ederal Reserve System held on January 28, 1941, were approved lIziattitaousiy. Memorandum dated January 24, 1941, from Mr. Wyatt, General 00 ,, 4nse-L recommending, for the reasons stated in the memorandum, that Dreibelbis, Assistant General Counsel, be granted annual lea've With pay in the amount of 3 days, 1 hour, and 40 minutes taken the year ending 1940 in addition to his accumulated and — curet leave. Approved unanimously. Letter to Mr. Core, Assistant Cashier of the Federal Reserve Minneapolis, reading as follows: 117 1/29/a -2- "The Board of Governors approves the change in the personnel classification plan of the Helena Branch as requested in your letter of January 22 1941." Approved unanimously. Letter to Mr. West, Vice President of the Federal Reserve of San Francisco, reading as follows: "This refers to your letter of January 13, 1941, enclosing a copy of the report of examination of Union B°nd & Mortgage Company, Port Angeles, Washington, as 2f June 29, 1940, revised in accordance with sugges'ions contained in the Board's letter of November 15, 1940. "You requested that the copy of the report of exazination previously sent to the Board be returned for F,evision and use for your records. Inasmuch as the l'oardls letter of November 15, 1940, was based upon the report of examination of the holdimg company affiliate as originally written, it is preferable for purposes that a copy of such previous report be retained in the Board's files. "We shall, of course, consider that the report submitted with your letter of January 13, 1941, constitutes the actual report of the examination and that it supersedes the report previously submitted. We -trust that this arrangement will be satisfactory for Your purposes." Approved unanimously. Telegram to Mr. West, Vice President of the Federal Reserve 44k of San Francisco, reading as follows: "In view of your recommendation and information Tlbmitted, the Board will interpose no objection to „c2le transactions involving investment of approximately 14,000 in building and furniture and fixtures by 'The irlk of Spanish Fork', Spanish Fork, Utah, as described the bank's letter of January 17, 1941." Approved unanimously. Thereupon the meeting adjourned. APProved:
@FedFRASER