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980 A meeting of the Board of Governors of the Federal Reserve 8Yatela was held in Washington on Monday, June 18, 1945, at 10:30 a.m. PRESENT: Mr. Mr. Mr. Mr. Mr. Mr. Eccles, Chairman Ransom, Vice Chairman Szymczak McKee Draper Evans Mr. Morrill, Secretary Mr. Carpenter, Assistant Secretary Mr. Thurston, Assistant to the Chairman The action stated with respect to each of the matters herein4tter referred to was taken by the Board: The minutes of the meeting of the Board of Governors of the Peclel'al Reserve System held on June 16, 1945, were approved unani4444. Letter to Mr. Lassiter, Federal Reserve Agent at the Federal Ile8er/re Bank of Richmond, reading as follows: "In accordance with the request contained in Mr. of June 14, 1945, the Board of Governors approves roves the payment of salary to Mr. Eugene L. Shipley, . ederal Reserve Agent's Representative, Baltimore Branch, at - the rate of $3,360 per annum, effective July e Approved unanimously. Or Letter to Mr. Fry, Vice President of the Federal Reserve Bank reading as follows: pe "The Board of Governors approves the changes in the ijs?nnel classification plan of the Charlotte Branch, 411;?-1-17ing two positions in the Money Department, as sub— With your letter of June 11, 1945." Approved unanimously. 981 6/18/45 —2— Letter to Mr. Koppang, First Vice President of the Federal Re— Serve Bank of Kansas City, reading as follows: "The Board of Governors approves the changes in the Personnel classification plan of the Federal Reserve Bank Kansas City, involving the Research Department, as sub— platted with your letter of June 8, 1945. "It appears that the establishment of the position a tistician (B) represents in part the establishment of Sta new position, by reason of increased responsibilities, and In part an increase in maximum annual salary. Accord— VOLY, this change in the personnel classification plan : 48 aPproved subject to receipt of an appropriate certifi— cate to support the change under the Salary Stabilization de gulations." Approved unanimously. Letter to Mr. Peyton, President of the Federal Reserve Bank of eaPolis, reading as follows: of "The Board of Governors approves the designation I) 14r. Paul W. McCracken as official head of the Research a:Partment at your Bank, and of payment of salary to him 8 ;411 officer of the Bank, with title of Director of Re— j arch, at the rate of $6,000 per annum, for the period rune 16, 1945 to May 31, 1946, inclusive, which is the , ate fixed by your Board of Directors, as reported in 4°ur letter of June 11." Approved unanimously. Letter to the "Bank of Luxemburg", Luxemburg, Wisconsin, read— a.8 81.1 "The Board is glad to learn that you have completed ehi , arrangements for the admission of your bank to member— t4 in the Federal Reserve System and takes pleasure in ahi sMitting herewith a formal certificate of your member— P. nIt will be appreciated if you will acknowledge re— Of this certificate." Approved unanimously. 982 45 -3- Thereupon the meeting adjourned. egai:i; ‘ h'J Chairman. reta