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met at 11:00 o'clock Pursuant to the terms of adjournment, the Board this morning, Saturday, June 16, 1923. Governor Crissinger Yr. Platt Mr. Hamlin Yr. Miller Yr. Cunninp;ham Dawes Yr. Hoxton, Secretary PRESET ALSO: Yr. Wyatt PRESErT: the Law Committee subIn accordance with the action taken yesterday, l Foreign Banking tatted a report upon the application of the First Federa of a draft Association for enlarged powers, said report being in the shape (3f a letter addressed to the Association. After disaussion, this matter vas resubmitted to be the Law Committee with the request that the letter on g meetin the at Board the to ted submit amended and Tuesday, June 19th. Upon a price of twentyrecommendation of Yr. Hamlin, the Board fixed Reserve Bulletin for last five cents each for the Index Digest of the Federal Year, said price to aoply to those not on the free list. 12th, namely, draft of new Matter referred to the Law Committee oh June agreement between the Federal Reserve Bank of New York and the de Javasche bank. Approved. an of the Open Market Telegram dated June 15th, from Mr. Case, Chairm that Committee will be held Illyastment Committee, advising that a meeting of ill Washington on June 26. Noted with approval. 41-1, Li _2_ 6/16/23 Draft of letter dated June 15th, prepared for the signature of the Governor with reference to aUthority for the acceptance by Federal Reserve banks from Government offices and agents of government securities for safe keeping. Referred to the Law Cornmittee. Matter referred to the Law Committee at the meeting of May 29th, !lamely, a letter dated May 15th, from the Governor of the Federal Reserve Bank of Philadelphia, with respect to a resolution adopted by the last conreserve accounts ference of Governors in the matter of making adjustments in Of country member banks for currency shipments. Mr. Hamlin presented with favorable recommendat ion, a letter dated June 15th, preEPred by Counsel for the signature of the Governor addressed to Governor Norris in reply to his letter of May 15th aforesaid. Approved. r of the Letter dated June 15th, from Yr. J. H. Case, Deputy Governo the action. of the Federal Pederal Reserve Bank of New York with reference to ents made Reserve Bank of Boston in declining to participate further in investm by the Federal Reserve Bank of New York for the account of foreign banks. Referred to the Governor. 11,1.2ORT- OF COTVInT.13 NO. 1 Dated June 15th, Recommending dhanges in stock at Federal Reserve banks, as set forth in the Auxiliary Minute Book of this date. Approved. as Dated June 15th, Recommending action on applications for fiduciary porers date. of this Book Minute ry Auxilia the set forth in Approved. 6/1V23 , itailDMS OF rOISIITTFIE NO. 1 (Contd) Dated June 15th, Recommending action on applications for fiduciary porers as . set forth in the Auxiliary Einute Book of this date. Ordered held. - The meeting adjourned at 1:30 p.m. Secret ary. Approved:
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