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Minutes of actions taken by the Board of Governors of the 4cleral Reserve System on Wednesday, June 25, 1952. PRESENT: Mr. Mr. Mr. Mr. Mr. Martin, Chairman Szymczak Evans Mills Robertson Mr. Carpenter, Secretary Mr. Sherman, Assistant Secretary Minutes of actions taken by the Board of Governors of the Federal Reserve System on June 24, 1952, were approved unanimously. Memorandum dated June 16, 1952, from Mr. Young, Director, 11/1111e1on of Research and Statistics, recommending that the resignation Of Gretchen Geigenmueller, Clerk in that Division, be accepted to be "fective in accordance with her request at the close of business 4318 27, 1952. Approved unanimously. Letter to Mr. Heflin, Counsel, Federal Reserve Bank of Richmond, l'egard to Eddie's Department Store, Baltimore, Maryland, a registrant 11111-er Regulation WI Consumer Credit, reading as follows: "In view of the advice received from the Department °f Justice regarding the non-applicability of section 2 ?f the Criminal Code to cases such as this, it appears That a prosecution is not now possible, and the Board le therefore closing its file." Approved unanimously. A 6/25/52 Pc -2Letter regarding Barrett Weber, Charles A. Smith and William Tucker, doing business as Tradin Weber, St. Louis, Missouri, Registrants Utder Regulation 14, Consumer Credit, to the Honorable James M. McInerney, 4ftistant Attorney General, Department of Justice, Washington, D. C., prepared in accordance with the action taken at the meeting of the Board On June 10, 1952, reading as follows: "Pursuant to section 21 of the Securities and Exchange Act of 1934, made applicable to the Board of Governors by section 604 of the Defense Production Act of 1950, the Board Of Governors is transmitting to you herewith a report concerning acts and practices which appear to the Board to constitute violations of its Regulation W by the above-named firm. This report is sent to you in order that you may, in Your discretion, institute criminal proceedings." Approved unanimously, together with similar letters to Mr. McInerney relating to the following additional registrants under Regulation W: Herrin Fredman Brothers Furniture Co., Inc., Herrin, Illinois Whitehead Motors, Inc., Indianapolis, Indiana West Side Television Company, Inc., New York, New York Caparros Motors, Inc., East Chicago, Indiana Rogers Auto Sales, Inc., Chicago, Illinois Tom Whitehead, Inc., Indianapolis, Indiana Fredman Brothers Furniture Company, Granite City, Illinois cretery.
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