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d" k Minui;es of actions taken by the Board of Governors of the l'e4erul Reserve System .on . 1riday, July 27, 1:)51. PRESENT: Mr. Szymczak, Chairman pro tem Mr. Evans Mr. Norton Mr. Carpenter, Secretary Mr. Sherman, Assistant Secretary Mr. Kenyon, Assistant Secretary Telegrams to the Federal Reserve Banks of Boston, New York, laevg, -land, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, lansas as ki ) and San Francisco stating that the Board approves the establishment %/1.1*Lolat change by the Federal Reserve Bank of Kansas City on July 23, by the 1, e"l'al Reserve Bank of San Francisco on July 24, by the Federal ReINN, 1"xlics of Atlanta and rt. Louis on July 2, by the Federal Reserve tkits or New York, Cleveland, Richmond, Chicago, Minneapolis, and Dallas o 26) and by the Federal Reserve Bink of Boston today, of the rates or 48 " 11.tit and purchase in their existing schedules. Approved unanimously. of Memorandum dated July 24, 194 3.1 from Mr. Margot, Director, Division TIlte rnation;1 Ftnance recommending an increase in the basic salary of Theira a E. Ward, Clerk in that Division, from $3,600 to $318,0 per NIN111 efrecttve Auzust 5, 1951. pproved unanimously. (%101, 84Aum dated July 11, 19)11 from Mr. Young, Director, Division " 1-1 jtatistics, recommending increases in the basic annual 7/27/51 -2- 3411111-es of the following employees in that Division, effective August ), 1951: Name Deziel H. Brill ReaPh P. Leach Title Economist Economist Salary Increase From To $8,750 $7,b0G 7,800 818oc Approved unanimously. Memorandum dated July 11, 1951, from Mr. Young, Director, Division Real , 1„ se--eu and Statistics, recommending that Louis Weiner, Economist in thIlt .n4 'J-tvision, be named Acting Chief of the National Income, Moneyflows, 1441414Dor Section of that Division, and that his basic annual salary be irlere 48ed from $7,80C to $8,8co per annum, effective August ), 19)1. Approved unanimously. Letter to Mr. BilbY, Vice President of the Federal Reserve alnk 4°11) reading as follows: let,"It view of the circumstances described in your ro ‘ier July 20, 1951, the Board of Governors approves ir„, : 1 at additional period of six months from August 8, (T1, 'he payment of salary to Mr. Charles Kuchler while the position of Assistant Chief, Accounting pe;'°t, Accounting Department, at the rate of $7,638.00 wh.tiel is $6.38.00 in excess of the maximum for grade in which this position is classified." Approved unanimously. .ti,7) Letter to Mr. Wayne C. Grover, Archivist of the United States, rchives, Washington, D. C., reading as follows: 7/27/51 -3- "Attached are four signed copies of standard form 115 requesting authority to dispose of the records listed, namely, all records in the Federal Reserve Bank Of New York relating to the foreign exchange control Program carried out under Executive Order of January 26, 1918, in effect at the time of the First World War. There alno are attached for your examination samples of the rec°11s which it is proposed should be destroyed. These recare of no reference or historical value in so far as 4ns Board of Governors is concerned, and inasmuch as they Occupy approximately 4clo cubic feet, it is felt desirable 114t their destruction without microfilming be authorized at this time." Approved unanimously. Letter to Mr. Abraham J. Harris, Assistant Attorney General, bepar tntra -- of Justice, Washington, D. C., reading as follows: , "This refers to your letter of July 18, 1951, dressed to the Board's General Counsel, inquiring ;,,,ether the Board anticipates having any proposals Or State legislation which it might wish to present s i lirr ,2ugh the Department of Justice and the Council of 's Governments for consideration by those state ' 1Ele.tures which will have sessions during the e°131illg Year. : 1"We have given this matter careful consideration fo"dve concluded that there are no such proposals to,,x: State legislation which the Board would expect to "unlit for consideration at this time." t Approved unanimously. ?ersoMem°rozdizi dated July 26, 1951, from Mr. Allen, Director, Division tt14(itti 411e1 Ad ministration, recommending for reasons stated in the memo- 'that the miscellaneous account of the 1931 budget of that Division 7127/53. -It- he ilicased in the amount of *1,020. Approved unanimously. e ret ry.
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