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At a meeting of the Executive Committee of the Federal, Reserve Board, hold in the office of the Board on Tuesday, July , 1919, at 11 A. M., PRI:ZENT: The Mr. Ur. .1jr. Governor Strauss Hamlin Chapman, Assistant Secretary. Business vais presented and disposed of as follows: Telegram dated July 28th from the Governor of the Federal Reserve Banh of Dallas, in re request of Frost National Bank, an Antonio, Texas, that the Federal Reserve Bank ship to it weekly approximately .12,500 in gold. The Governor submitted for approval, repl-,; by him under date of July 29th. Approved as amended. The Governor submitted for a;.)i)roval draft of letter to the Governors of all Federal Reserve Banks, prepared by him under date of July 29th (-1630), on the subject of charges by member banks on checks deposited with them and correction of present discrimination against member bank checks. Approved as amended. Letter dated July 24th from the Cashier of the International Bankint-.; Corporation with respect to discount rates in Uew York and London for prime bankers: acceptances. Ordered circulated. Copy of letter dated July 'zr5th addressed to the Comptroller of the Currency by H. D. Crosby, 2resident of the First rational Bank of Rosebud, Texas, in re efforts of 4.3ooth, former president of that :ank, to injure the Bank. Ordered circulated. ,ssistant Jecretary of the Letter dated July .6th fromL. Treasury Rowe, requesting that the Board furnish the Division of Customs a weekly statement of the value at which Czecho-31ovalAan currency is exchanGed in Czecho-31ovakia for Lmerican money. Referred to Governor for reply. Letter dated July 28th from the Chairman of the Federal _,eserve Bank of Richmond, transmitting application of Mr. Guy T. 6cott, President and Director of the Continental Trust Company, .aashinston, D.C., to serve at the sane time as a Director of the Commercial rational Bank, ashington, D. C. Referred to Lr. Hamlin for report. The Governor reported rediscount transactions, pursuant to authority heretofore vested in him: member bank promissory rotes secured by Government obliLations; rate 4,; on paper secured by certificates of indebtedness and 41,; on paper secured by Liberty bonds and Victory notes, as follows: Date Bank Rediscounting 7;ith Amount duly 25th Richmond Chicago 45,000,0w0 July 28th Richmond (Chicago 11A.Louis 10,00),000 5,0u0,000 July 28th July 28th Dallas Philadelphia Chicago ChicaL;o 2,0)0,0J0 14,0J0,000 :o toil. 7aturities 11-15 days j-L,d July 20th, :'emorandum r.om memberehid in thu to 1om, of of LaUroose Cot.nty the recei,Dt of nstico o* .e_t iVIJ1n :.•usurv,2 iettor thu ,eoretary of thu (L.,tc.a 1.511.1„ „di udecial advi.;in: of the e_itu,,ic!: for ol,u ye-r 2rom date of t.tco the United or accoul, o of the 17rousuror of in certcates of indubtudl.e.,.., : 1eciera1'2A:serve banks a; 6ecurit- for 2edera1 Iseservu bank notes after _L._ust i'JiJ and „Irior to Thu,kvernor re,iorted the rohino of b,?ecial certifi- with the cate.; of indelto,j.nus- of the I'nituu. .tatus for de2osit Ce:-1,2tr liur of tue Curroncy t:3 collteral for 1WS017VE.; bark i:oteso follovu: :-.;r--i :,-,:vo Bank of: til-ciphia ieveland July 2,1th ,:iui‘j...'..th July '43th ..,,,,..,.:.,'J -.J 1,JJ0,u,:J 3 . e, J,OL.)0 :.d t?roved. utter C.ated i.y ;.:3th from ,..:.isictant :::ecretary of '3tatu o: note from Ohar,_;e of !,u1 ria the ad inturim u'sire of his Government thci,t Eulrians residin_ in the 1:nited ,;Lates be allowed to make remittances to -,Aoaddy .uoTqroTT6en ttorn pqo1144r sq...Tocina TrnpTATpuT otm uT sr r7,110T4TPu00 c)1-1,4 04 100cqns t o4rr cTql Jo .7Loocl olnuTm tarTirmr oqq. 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'PrPTuTAL ¶t Tnsuop urc-pour7 T..:zoaJ Jo P...irqoJc9c oqq. r.OJJ74.117 1:inr pol.rp .zoqqorr '1140c: Pin"' Pim': 00. 04 '0.1r0':' -400m .10.1 poq.000p par poq.ninoaTo poanpIo 7 Tn: 0114 Inu0 T4r:L 117717.: Jo 1UROOOT1 7ToTaom7 otm. uo 1:ur(loc, ;to; :1:.:07‘ (7, ‘q2JnquI;TJ Jo :lun 'r TruoT4n1: 452TT '7;71. ol uoIlnal-sTuTm J0TT'7v: 71rDTJ:17 0114 11.:7n0-1114 riarTna' uT SOTTI1177J -1-1011; -5Dated &illy 29th, recommondin chanz;res in stock at Federal aserve Banks, as set forth in the au::iliary minute book as of this date. Approved. :dated July. 29th, recommending action on applications for fiduciary powers as set forth in thki auxiliary minute book as of this date. L?proved. :43.1do Coleman :;z..ted July 29th, submitting application of for permission to serve at the same time as Director of American national Bank of L;an Francisco, as Director of Italian American 3ank of .;an Francisco, and as Director of the Farmers & L.lerchants rational Bank, Lanta Cruz, Cal. Ordered Circulated and docketed for mooting to be held July ZUth. Dated July 23d, recommending approval of appointment of Mr.. Ralph J. Llillor as A.ssistant Lxaminer, Federal Reserve Bank of Cleveland, at a salary of 4:2,0J0 per annum. Approved. Dated July 24th, recommending approval of the appointment rninor of Mr. i. V. Grayson as jpecial of the Federal Reserve Bank of Cleveland. Aoproved.. O. Dated July 213t, recommending. approval of the appointment of Messrs. James L. Lumpkin and John A. Monroe as 4ecial .:miners of the Federal Reserve Bank of Dallas. Approved. Dated July 25th, recommending that Mrs. GenevieveMeachami key punch operator in the Division of Reports and ';tatistics, be granted 24 additional days of leave with pay, and that her resignation be accepted to take effect Lugust 26, 1919. 11.pproved. -6Dated July 24th, recommending approval of the appointment ;as key punch operator of IliLO i;sther and jtatistics :ieports of n Divisio in the vice Li's. annum per 1,10 ? ..„ of at a salary d. resigne am, Genevieven)ach L_pproved. Dated ulr 6th, r orendimg that leave of absence vdth pay for two weeks, beginning ,. ,.,z•:-:7ust 1st, be granted. Eiss k.14. jeward of the Division of 2oreiL;n .LLoht.alL.e. Addroved. Dated July ,3d, reco!nmondimg the appointment of one additional male clerk at '1,2u0 per annum in the Division of Federal ileserve issue and Eedemption. Approved. Dated July 20th, recommending reemployment of James j. ::ean at a salary of s1,600 per annum, effective July 31st, his designation being Assistant Chief Clerk and jupply L8ent. Dated July 29th, recommending employment of an additional telegraph operator in the ':;aShington office of the Leased ',Axe jystem, at a salary of 140 per month. ji.pproved. The Governor reported the reserve positions'of the various Federal lIeserve banks. At 12-55 ;.g,, the meetinL. adjourned. sistant Jecretary. Apdrov,3d:
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