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11,24 Minutes of actions taken by the Board of Governors of the Federal Reserve System on Monday, June 27, 1949. PRESENT: Mr. Mr. Mr. Mr. Mr. Mr. McCabe, Chairman Eccles Szymczak Draper Evans Vardaman Mr. Sherman, Assistant Secretary Mr. Morrill, Special Adviser Mr. Thurston, Assistant to the Board Minutes of actions taken by the Board of Governors of the Pederal Reserve System on June 24, 1949, were approved unanimously. Memorandum dated June 14 1949, from Mr. Young, Associate 13irector of the Division of Research and Statistics, recommending that a qualified economist be brought in from the outside to serve as chief of the Consumer Credit and Finances Section of that Divis- Approved unanimously. Associate Memoranda dated June 15, 1949, from Mr. Young, 1)1rector of the Division of Research and Statistics, recommending following employees 14creases in the basic annual salAries of the 14 that Division, effective July 10, 1949: A Name '. Richard Youngdahl Albert R. Koch elEtrke L. Fauver Salary Increase To From Title 59.50 5 $8, $774.20 Section Chief, Banking Chief, Business Finance 8,509.50 and Capital Markets 7,432.20 Section 6,714.00 7,432.20 Economist Approved unanimously. 6/27/49 -2Memoranda dated June 27, 1949, from Mr. Bethea, Director f the Division of Administrative Services, recommending increases the basic annual salaries of the following employees In that Diviseffective July 10, 1949: Name Ida "6-3(3E'lloe Prank W. Constable Robert SurguY William Hyde jcsePh H. Hoyle targaretJ, Henn ikrothy Mosher Title Supervisor Operator (Dup.D v s.) Printing Clerk Sergeant Clerk Page Charwoman . Salary Increase From To $31852.60 $3,978.00 3,175.44 2,974.80 2,799.24 2,724.00 2,086.00 2,020.00 3,100.20 2,874.48 2)874.48 2,152.00 2,086.00 Approved unanimously. Memorandum dated June 23, 1949, from Mr. Betheal Director r the Division of Administrative Services, recommending the appointt of Vendel O. Jeffries as a laborer in that Division on a temporary sis for a period of two months, with basic salary at the rate of 2,020 per annum, effective as of the date upon which he enters upon th Performance of his duties after having passed the usual physical nation. Approved unanimously. rov Chairman.
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