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A meeting of the Federal Aeserve board was held in the office of the Federal xeserve Board on Thursday, July 19th, at 11:25 a.m. P.:ES.711:T: Governor urissinger kr. tlatt Er* Liner r..,,awes The reading of the minutes was omitted. i;:emorandum dated July 17th from Uounsel, recommending a new form of application of non-member state bank converting into iational Bank for stock in Federal Aeserve bank. Approved. Yemorandum dated July 19th from General Uounsel, submitting material for the August Bulletin. Approved. The board directed also that the full text of the xegulations, eries of 1923, be published in both editions of the forthcoming Federal Aeserve bulletin. Lr. riller reported the substance of telephone conversations held by him with Ramlin and Governor qarding, with respect to the plans for housing in Havana, uuba, the agency of the Federal Aeserve Bank of Boston. The following telegram was ordered despatched to James at Atlanta and a copy transmitted to 1r. xamlin at kattapoisett, Yassachusetts: Mr. "Desire you take up while at Atlanta the location of their quarters in Havana. Board regards it as most important that the two agencies which it has authorized should be located in the same building, preferably occupying the same quarters. :/e are informed that suitable space is scarce in uuba and that the Boston Agency has leased the third floor of an eight-story fireproof building with satisfactory vaults in basement. It is pointed out, however, that the branch of the First iational bank of Boston is located on ground floor of this building. While Board regrets this it is not thought an insuperable objection to the reserve agencies being located 7/19/23 -2in this building, inasmuch as they have separate entrances and vaults and thus could not be identified from point of view of public appearance with the First National. As you and tiamlin are members of Cuban Agency committee, Board looks to the committee to work out a satisfactory solution of this question. Eamlin will be at Boston bank londay and will be here Tuesday. It is suggested you take up this matter fully with the Atlanta Bank officers in order that a satisfactory solution along the lines deemed essential by the board may be arranged mhen Hamlin returns Tuesday next meek". Letter dated July 17th from the Comptroller of the Currency requesttug approval of a salary of fi2,700 for Li*. E. N. Wright, a National Bank Examiner, assigned to the Binth Federal Reserve District. Approved. Letter dated July 17th from the Comptroller of the Currency requesting approval of a salary of 43,000 for lr. J. C. Bina, a National Bank Examiner assigned to the Ninth Federal ±teserve District. Approved. Upon motion, the Board exTressed its desire that Li'. Mier accept at invitation to deliver an address at cornell University on August 9th Or August 16th. REPORT8 oF u01,211712E3 NO. 1 Dated July 18th Recommending approval of the application of Li'. Robt. V• Stemart to serve at the same time as director of the National city bank, New lork, as director of the continental and Commercial National Bank of Chicago, and as director of the Boulevard Bridge Bank, Chicago, Ill. Approved. The meeting adjourned at 1:00 o'clock. A i‘ Secretary. P _ latiAUmwhir ik Oovernor.
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