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919 A meeting of the Board of Governors of the Federal Reserve 8Yetera Was held in Washington on Wednesday, June 7, 1944/ at 11:00 a.m. PRESENT: Mr. Mr. Mr. Mr. Mr. Ransom, Vice Chairman Szymczak McKee Draper Evans Mr. Mr. Mr. Mr. atter the p Morrill, Secretary Bethea, Assistant Secretary Carpenter, Assistant Secretary Clayton, Assistant to the Chairman The action stated with respect to each of the matters hereinre ferred to was taken by the Board: The minutes of the two meetings of the Board of Governors of ederkl Reserve System held on June 6, 1944, were approved unan'&4°441Y. Memorandum dated June 1, 1944, from Mr. Goldenweiser„ Director the q 4vision of Research and Statistics, recommending that Mrs. 41za.beth Paulkner Brent be appointed as a clerk in that Division on 4 tek, rora.ry basis for a period of not to exceed three months, with batii e 8alar7 at the rate of $1,620 per annum, effective as of the date 1111°4 1,tiaNdwhich she enters upon the performance of her duties after having tatiti tisfactorily the usual physical examination and subject to a 0 act°17 check of her references. Dt• 1): 11,114g of 4 The memorandum stated that if an permanent nature should develop by the. late summer the 8hould like to consider at that time the question of a longer t rinlent for Mrs. Brent. Approved unanimously. 920 6/7A4 Letter to Mr. Willett, First Vice President of the Federal 114"re Bank of Boston, reading as follows: a "In reply to your letter of May 261 19441 it will be fl/Preciated if you will advise Mr. John T. Noonan, Counsel e°4 : 1 the Old Colony Trust Associates, that the Board will tertain and act on an application for a voting permit by toe new corporation after it has entered into an agreement bei acquire the assets of the Associates, such agreement subject to the authorization by the Board of the th--ance to the new corporation of a voting permit before fae assets are transferred. If the Board decides to act on the application, the permit would not be issued b v°z'ablY the Federal Reserve Agent until the actual transfer of 81P8 takes place. Therefore, the agreement should be the authorization by the Board to issue the voting v.07C-1 4 -t, rather than subject to the actual issuance of the th 4.11g permit. This would obviate the necessity for recalling e v°ting permit if the negotiations should not be consummated." Approved unanimously. °t Telegram to Ir. Hale, Vice President of the Federal Reserve Bank -r ancisco, reading as follows: ot e,"Your wire. Regulation W would not apply to extension ihiti7edit made by store which permitted customer to charge „Jed States bond to his charge account. Treasury neither °Ilrages nor discourages the practice." Approved unanimously. Thereupon the meeting adjourned. 6VILAsi-#4,_ 1-kkrove Vice Chairman. 04262 Secietary.
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