Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Minutes, January 29, 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.

143
A meeting of the Board of Governors of the Federal Reserve
System was
held in Washington on Thursday, January 29, 1942, at 11:30
a.m.

PRESENT:

Mr.
Mr.
Mr.
Mr.

Eccles, Chairman
Ransom, Vice Chairman
McKee
Draper

Er.
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 hereinreferred to was taken by the Board:
The minutes of the meeting of the Board of Governors of the
Pecleral
41011skr.

Reserve System held on January 27, 1942, were approved unani-

The minutes of
the meeting of the Board of Governors of the
Pederaa

Reserve System held on January 28, 1942, were approved and

theactions recorded therein were ratified unanimously.
Memorandum dated January 27, 1942, from Mr. Carpenter, As1t
tit Secretary, recommending that Haywood F. Mayberry be appointed
°4 a t
emPorary basis
for an indefinite period as a chauffeur in the
8 Office, with salary at the rate of .(71,200 per annum, ef4ctive
- as cf the date upon which he enters upon the performance of
1114 dlItte.
-8 after having passed satisfactorily the usual physical exatt




Approved unanimously..

144
1/29/42

-2-

Letter to Mr. Dillard, Secretary of the Federal Reserve Bank
of Chicago,
reading as follows:
to your letter of January 23, 1942, the
Board
rd of Governors approves the reappointment of Messrs.
'
tric Epstein, R. R. Monroe, G. Barret Moxley, Walter
',I.arnischfeger, and Martin H. Kennelly as members of the
tndustrial Advisory Committee for the Seventh District
L° serve for terms of one year each beginning March 1,
1942.11
Approved unanimously.
Letter to Mr. Stewart, Secretary of the Federal Reserve Bank
°I' St. Louis,
•
reading as follows:
t
"Referring to your letter of January 22, 1942, the
r°a171 of Governors approves the appointment of Messrs.
:
11* (C. Norris, Jacob VanDyke, Maurice Weil, M. E. Finch,
nd Foster H. Embry as members of the Industrial Advisory
mmittee
for the Eighth District to serve for terms of
Ile Year each beginning March 1, 1942."

r

Approved unanimously.
Telegram to Mr.
E. E. Brown, President of the Federal Advisory
Chicago, Illinois, reading as follows:
re "Following letter received from Congressman Lea in
ses°rIse to Board's letter January 24, copy of which was
nt you:
'1 have your letter of January 24th. I believe
hat
Lt will be necessary to have the hearings on the Seties Exchange Act of
1934 printed before the middle
me ebruary,
therefore, I trust you can submit the stater Which you have in the way of an amendment to section
with to me, and I will hold it for committee consideration
(Tt printing it in the record of the hearings.'
0A, 'Should members of Council feel it desirable to substatement
to House Committee on Interstate and Foreign
pe erce before meeting of Federal Advisory Council on
theZTrY 16, Board will be pleased to discuss matter with




Approved unanimously.

145
1/29/42

—3—
It was Suggested that the Board authorize the payment of the

cost of

uncheons served in the Board's dining room today to Messrs.

Cr. j
uPpegard and N. G. Greensides, Attorney and Acting Chief of

the Di

.

vision of Examination, respectively, of the Federal Deposit

ins
urance Corporation,
and Mr. T. V. Roberts

the OP.0.•
--Lice

Assistant Counsel in

of the Comptroller of the Currency.
Approved unanimously.

Thereupon the meeting adjourned.

App




Chairman.