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A meeting of the Federal Reserve Board was held in the office of the Feaeral .eserve Board on Thursday, June 9, 1927 at 11:15 a.m. PSE1;2: PiiESE,iNT ALSO: Governor Crissinger Mr. Platt Mr. Hamlin Mr. Miller Mr. James LT. Cunningham Mr. Eddy, Secretary Mr. McClelland, Asst. Secretary Mr. Gates W. McGarrah, Chairman of the board of directors and Federaleserve Agent at 'Mew York. The raading of the minutes of the meeting of the Federal *Reserve (lard held on June 8th was dispensed with. Telegram dated June 9th from the Chairman of the Federal iwserve Bank "aihmond, advising that the board of directors at their meeting on that date made no change in the bank's existing schedule of rates of dis- e°44t and purchase. I;oted. L:emovandum dated May 25th from the l- ioard's Chief Examiner, submitting 116.1)°rt of examination of the Federal .;:eserve Bank of Xidhmond and its 41timore Branch made as at the close of business March 8, 1927. Referred to the Committee on Examinations and Committee on District 45. ' 4e1florandum dated May 26th from the Board's Chief Examiner, submitting 13c)rt of examination of the Federal Reserve Balik of Atlanta and its -pranehe„ Th as at the close of business January 22, 1927. iieferred to the Committee on Exwninations and Committee on District 46. 0') 4_4* 6/9/27 -2-- The Board then entered into a general discussion with Mr. McGarrah to garding banking and credit and other matters related to the Federal iteSerVe System. Xia?OcilTS OF STII.I:DING COMUITTEES: Dated., June 9th, Recommending changes in stock at Federal Reserve Banks, as set forth in the Auxiliary Linute Book of this date. Ilecommendations approved. Dated., June 7th, Recommending action an applications for fiduciary 8th, powers as set forth in the Auxiliary Minute Book of this date. Aecommendations approved. Dated., June 8th, Recommonuin, approval of an application for admission of a state bank as set forth in the Auxiliary Minute Book of this date. Recommendation approved. The meeting adjourned at 1:00 o' .ck. Secretary. 413Pro ve d: ALlAi Governor.
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