Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Minutes, June 10, 1949, Volume 36, Part 2

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Minutes of actions taken by the Board of Governors of the
Fade
rcu- Reserve System on Friday, June 10, 1949.
PRESENT:

Mr. Eccles, Chairman pro tem.
Mr. Draper
Mr. Vardamen
Mr.
Mr.
Mr.
Mr.

Carpenter, Secretary
Sherman, Assistant Secretary
Morrill, Special Adviser
Thurston, Assistant to the Board

Telegrams to the Federal Reserve Banks of New York, RichChicago, St. Louis, Minneapolis, Kansas City, Dallas, and
8411Pr.
8nciscol stating that the Board approves the establishment
vithout
uange by the Federal Reserve Bank of San Francisco on
attu
I, a dt by the Federal Reserve Banks of New York, Richmond,
ehic-1
'ts0St. Louis, Minneapolis, Kansas City, and Dallas on June

9) 1949, of the rates
of discount and purchase in their existing
eehedules.
Approved unanimously.
Memorandum dated June 10, 1949, from Mr. Leonard, Director

or the

Division of Bank Operations, recommending an increase in the

basic
salary of F. A. Walker, Supervisor of the Settlement and CurSection of that Division, from
4131113211,
effective June 12, 1949.

$4 479.60 to $41730.40

per

Approved unanimously.
Letter to Mr. Weigel, Secretary of the Federal Reserve Bank
Louis, reading as follows:




6/10/49

-2-

"In accordance with the request made in your letter of June 3, 1949, the Board of Governors approves
the Payment of salary to James J. Ligon, Audit Clerk,
Memphis Branch, at a rate below the minimum of his
salary grade for a period not to extend beyond November 1, 1949."
Approved unanimously.

11144tved
:




Chairman pro tem.