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458 At a special meeting of the Federal Resc4ve Board held in the office of the Board at 3.10 P. m. on Tuesday, June 1, PRESENT: Mr. McAdoo, presiding, Mr. Williams Mr. Hamlin Mr. Warburg Mr. Delano Er. Miller Mr. Willis, Secretary. Mr. Miller presented a dispatch received from . Governor Wells of the Federal'Reserve Bank of St. Louis, recommending Mr. T. C. Tupper as deputy Federal Reserve Agent at at. Louis. Discussion of the question of appoint- ing Mr. Tupper ensued. On motion final action was sus- pended until a later meeting of the Board. Mr. Harding as chairman of the special committee appointed at the morning session, reported in favor of placing Johnston, Coal and Atoka Counties (Oklahoma) in Federal Reserve District No. 11 instead of in District No. 10 as previously agreed, the arrangement, it was pointed out, being based upon the wishes of the banks in the three counties. Of the eleven banks there situated, eight de- . sired to be placed in the Dallas District, one in the Nan' sas City District, while two were noncommittal. On motion 459 the report was adopted, and a revised form of decree : ordered to be entered. The decree aforesaid was accordingly spread on the minutes as follows: At•a stated meeting of the Federal Reserve Board, duly held at its office in the City of Washington, District of Columbia, May 4, 1915. PRE SENT: Mr. Hamlin, Governor, Er. Delano, Vice-Governor, Er. Miller Er. 'Harding Mr. Warburg Mr. Williams. In the matter of review • - of of the Reserve the decision Bank Organization Committee duly rendered and filed in : : accordance with the provis: ions of the Federal Reserve Act, on April 2, 1914, desig- • nating twelve FederaJ reserve • • cities and defining the geodisthe of graphical limits • tricts to be served. ORDER AMENDING GEOGRAPHICU LIMITS OF DISTRICT.; NOS. 10 AND 11. 4 ••• 4 411004.006W OOO OS OOO • OOO By special order of the Board, the decision of the Reserve Bank Organization Committee designating twelve Federal reserve cities and defining the geographical limits of the districts to be served, having been duly heard and considered by the Board (1) Upon the petition of certain banks in Oklahoma for transfer of all counties in Oklahoma except the 460 counties of Marshall, -Bryan, Choctaw, Push-r mataha and McCurtain from District No. 11-to District No. 10. Upon the answer of the Federal Reserve Bank of Dallas to said petition. Upon the evidence heard by the Reserve Bank Organization Committee, and exhibits and briefs filed with said committee. (4) Upon the written and printed briefs of Counsel and the oral arguments heard by the Board. UPON CONSIDSRATION WHEREOF, it appearing to the Board that the convenience and customary course of business, and the best interests of the Federal Reserve System will be served by modification of the geographical limits of Districts 10 and 11, the Board doth order I. That District No. 10 be modified and extended so as to include the States of Kansas, Nebraska, Colorado and Wyoming; all that part of Missouri counties not included in District No. 8; all of the B Coal, in Oklahoma except 11,9.shall, Johnstn, Atoka, Choctaw, Pushmatala and 7:cCurtain; all that part of New Mexico north of a line forming the southern boundary of the counties of L:cKinley, Sau" doval, Santa Fe, San Miguel and Union. II. That District No. 11 be modified and altered so as to include the State of Texas, all that part of New Mexico not included in District No. 10; the following counties in Oklahoma: Marshall, Pushmataba Johnston, Coal, Bryan, Atoka, Choctaw, in- 0 and McCurtain; all that part of Louisiana not countie eluded in District No. 6, and the following in the State of Arizona: Pima, Graham, Greenlee: Cochise and Santa Cruz. That the alterations in Districts 10 and 11 directed in this order become effective July 1, 1915. IV. That the Federal Reserve Banks of Kansas City and dis' Dallas be notifi!ed of the changes made in the 461 tricts referred to and directed to take such action as may be necessary for the transfer of membership of the banks included in the territory affected. V. That a copy of this order be filed with the Comptroller of the Currency in order that the certificate of the Reserve Bank Organization Committee may be properly amended. In accordance with previous agreement, the cir- cular relating to the membership of State banks was taken up for consideration. The State Bank Circular and Regulation were then taken up for reading and revision, various suggested changes being tentatively incorporated in the text. Question having been raised by the Secretary of the Treasury as to the legality of the Board's proposed circular and regulation, it was voted to refer the portion thereof relating to voluntary withdrawals of State banks, to the Department of Justice for expression of opinion .whether the Board was not within its rights in assuming authority to grant the affirmative right of withdrawal to State banks by said circular and regulations. On motion at 6.40 p. m. the Board adjourned. APPROVED: Secretary. Chairman.
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