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At a meeting of the Federal Reserve Board held
in the office of the Board at 3.00 p. in. on Wednesday,
January 6
PRESENT:
Mr. Hamlin, presiding,

Mr. Warburg.

Mr. Delano

Yr. Harding

Mr,

Mr. Miller

Williams

M. Willis, Secretary.
The minutes of the preceding meeting were dispensed
with.
Applications of the Federal Reserve Banks of Atlanta
and St. Louis were taken up for consideration and on motion it
was voted to approve the following rates for both institution
For maturities up to 30 days 4L-;

for maturities 30

to 60 days 5%; for maturities 60 to 90 days 5e0;

for matur tie°

over 90 days 6,0.
On motion it was voted that the request of Federal Be°
serve Agent D. O. Wills for power to pay par for the stock of
liquidating member bank which is withdrawing its subscription,
be granted.
On motion, at 3.45 p. in. the Board adjourned to meet
at 11.00 a. in. on Thursday, January 7.

APPROVED:

Secretary.

chairman.