Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Minutes, January 4, 1922, Volume 9, Part 1

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A mooting of the Aderal

eserve Board was held in the office of

the Board on Wodnesthay. January 4, 1922, at 11:40 a.m.
: Governor Harding
Mr. 2latt
7r. Miller
7r. Cris singer
Mr. Morton. ocretary.
Minutes of the meeting of the Board held January 3d wer(3 read
and on motion aj)roved.
Letter date
of the federal

January 3d, from the Railway Loan 212Jvisory Committee

Reserve

Board, recommend in7 approvel of the form of obli-

gation submitted by the 7estern Mar:,7a-id R*il:way Company for a loan of
1.,000,000

in six parts, the carrier eloetin

the fourth part in the amount of

at this time to take down

200,000, under the provisions of Sec-

tion 210 of the Transportat ion Let, 192), as amended.
Approved.
Memorandum dated January 4th, from the Assistant Secretry of
the Board, advising that the Treasury Department has provided the T'oal-d
with a room for the storage of its suoplies, and rectuestin57 authority to
install steel shelving at a cost of l420.00.
Approved.
The Governor submitted to the Board a letter from Senator Kin!-;
of Utah, complaining of tho manner in which the Federal Reserve Bank of
,an Zranci sco is lettin;.,or is about to let,contracts for a luildinr in
it Lake City for the Salt Lalm
of

- r2ach of the 2odoral Reserve Bank

nniF co.




'eferrod to the Governor for rely.

Letter dated Januair 3d, from tin Compt roller
visirn of the TIT° int ment in the 0 If ice of the *

ro lie ro'

liovanetti as 3t.ono-mdLcr, at sa1a.r.7 of '1.800 per annum, z--,ad reqr,estinf7 thzt the appointment be Inade retroact ive, effective as of .-L:fxr1922, vice ::rs. Irene P. :o1k. resi!-7ned.
Approved.
OF 00:r I72....] ;
, 70. 1:
Dated January 4th, Recommending changes in stock at federal rose rye
bxiks, as set forth in the auxiliary minute took
as of this date.
L.ro ved
Dated Januory 4th, Rocommendin,.-: approval of admission of state banks,
subject to the conditions stated in the individual
rodorts attached to the apilications, as set forth
in the auci1iarr minute book as of this date.
ApQrov
At one o'clock th ,•,s; meetino adjourned.

Secr
Approved:




-ry.