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35 A meeting of the Executive Committee of the Federal Reserve Board vas held in the office of the Governor on Tuesday, July 20, 1926, at 10:30 a.m. PRESENT: ALSO PRESENT: Governor Crissinger Mr. Platt Mr. James Mr. Eddy, Secretary Mr. Noell, lAssistant Secretary Mr. Hamlin Report of Committee on Salaries and Expenlitures on letter dated July ng 19th from the Chairman of the Federal Reserve Bank of Richmond, requesti approval of the action of the Board of Directors of the bank in granting to Hiss Roberta Tenor, of the Transit Department, an extension for thirty days with full pay, from July 15th, in the leave of absence previously . granted to her on account of illness; the Committee recommending approval Approved. Agent at Bond of Nr. Ernest Clarke Hill as Assistant Federal Reserve the Federal Reserve Bank of Philadelphia, executed July 15, 1926. Approved. at the Bond of Mr. Erwin J. Julich, as Assistant Federal Reserve sigent executed Oklahoma city Branch of the Federal Reserve Bank of Kansas City, June 30 1926. Approved. York, adLetter dated July 17th from the Federal Reserve Agent at New Vising that due to organization difficulties the American Trust Company of Street, St. George, Neff York has not yet opened the branch office at 30 Bay on January Staten Island, which was approved by the Federal Reserve Board 16, 1926, and recommending that the time in which this branch nay be established be extended for a period of thirty days. Upon motion, it was voted to extend the 36 7/20/26 -2time in which the branch may be established for an additional thirty days. Letter dated July 17th from the Federal eserve Agent at New York, advising that the New York State Banking Department has authorized the Corn Exchange Bank, New York, N. Y., to open and maintain a branch office Oil Or after July 14, 1926, at No. 5588 Broadway in the Borough of the Bronx, City of New York. Noted. Telegram dated July 17th from the Federal Reserve Agent at Atlanta, advising of telegraphic request of the 2ampa Clearing House Association that a Federal reserve bank agency be established at Tampa, Florida; the telegram stating that he had replied advising that the matter is one to be passed upon by the Board of Directors of the bank and the Federal .teserve Board. Noted. Draft of letter to the Governor of the Federal Reserve Bank of Boston, In reply to his letter of July 15th, advising that it has been decided to maintain a cash position at the Havana Agency of the Federal Reserve Bank Of Atlanta of from 415,000,000 to „20,000,000, and that the Board, as a check, will require the Federal .cieserve Bank of Atlanta to advise it by telegraph as of the close of business each Friday of the amount of cash on hand at Havana, and that the Board will, in turn, advise the Federal Reserve Bank Of Boston of such amount. Approved. he Governor then read a letter dated July 15th from The Secretary of the i'reasury, with relation to certain fiscal agency operations participated 37 7/20/26 —3— in by Governor Strong, of the Federal Reserve Bank of New York, and others in Europe. • So:ne discussion then ensued regarding the expenses of these operations, the members present being unanimously of the opinion that it was a matter vrholly vrithin the province of the Secretarj of the Treasury. REPORTS OF STANDING_COMMITTEES: Dated, July . 16th, Recommending changes in stock at Federal Reserve Banks 17th, as set forth in the Auxiliary Minute Book at" this date. 19th,, Approved. Dated, July 16th, 17th, Recomending action on applications for fiduciary powers as set forth in the Auxiliary Ilinute Book of this date. Approved.. The meeting adjourned at 11:30 ,art• S-ecretar y Appr caved:
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