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A meeting of the Federal Reserve Board was held in the office °f the Governor on Friday, July 29, 1921, at 3:15 p.m. PRESENT: Governor Harding Mr. Platt Mr. Mitchell Mr. Crissinger Mr. Hoxton, Secretary. Governor Harding read, for the information of the Board, certain ectlirspondence from the files of the Board, bearing upon the cotton situation during the last year and a half, which correspondence, he stated, Will be submitted by him at the hearing next week before the Colagressional Joint Comndssion on Agricultural Inquiry. Telegram dated July 29th, from the Chairman of the Federal Reserve Bank of Dallas, requesting approval of the applications of the SoUthtv --est National Bank of Dallas, Texas, and the Continental National Benk of Ft.Worth, Texas, for 1500 and 450 shares of stock, respectively, in the Federal Reserve Bank of Dallas. Approved. Telegram dated July 28th. from the Chairman of the Federal Reaerve Bank of San Francisco, requesting approval of the Board Dor the aPPointment as Federal reserve examiners of four employes of the Federa Reserve Bank of San Francisco, inho have been detailed to assist tile National Bank Examiner in the examination of a large bank during .16 -2- the text thirty days. Approved. .Governor Harding submitted a report from Mr. Dnerson, dated. July 25th# with reference to recommendations made by the Federal Reserve Bank Of Dallas- . that the salary of Manager Weiss, of the El Paso Branch, be increased from `.'.15500 to 6000 per annum, and that the salary of Assistant Cashier Harris, of the head office, be increased from ''4500 to 05000 per annum. Upon motion, the increase in the salary of Mr. Weiss was authorized., but it was determined. that no action should be taken in the matter of the increase in salary of Mr. Harris, pending the submission by the Federal Reserve Bank of Dallas of a definite Plan for the reorganization of the junior official staff. At 11 o'clock p.m. the meeting adjourned.
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