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1165

Minutes of actions taken by the Board of Governors of the
Federa,
4. Reserve System on Monday, July 26, 1948.
PRESENT:

Mr. McCabe, Chairman
Mr. Eccles
Mr. Evans
Mr. Carpenter, Secretary
Mr. Sherman, Assistant Secretary
Mr. Thurston, Assistant to the Board

Letter to Mr. Earhart, President of the Federal Reserve Bank
t

L'cLia Francisco, reading as follows:
"The Board of Governors approves a special payment
of
$21400.00 by the Federal Reserve Bank of San Francisco
1410 the Federal Reserve Retirement System on behalf of
!udeta Pearl Hollingsworth, as requested in your letter
oi July 21,
1948."
Approved unanimously.
Telegram to the Presidents of all Federal Reserve Banks readas follows, "To meet current need, please compile and wire Board
u,! Thursday morning, if practicable, amount in thousands
f dollars of each item, 1 to 10 inclusive, reported in
hedule B, United States Government obligations, of June
30
i) 1948 call reports of national and State member banks,
(
gjing separate totals for (1) central reserve city banks,
reserve city banks, and (3) country banks. Figures
;1Y be estimated for any small banks whose reports are
"lag or incomplete."

3




Chairman.