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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.