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751 A. meeting of the Board of Governors of the Federal Reserve SYstem was held in Washington on Friday, Tune 9, 1939, at 11:30 a.m. PRESENT: Mr. McKee Mr. Davis Mr. Draper Mx.. Morrill, Secretary Mr. Bethea, Assistant Secretary Mr. Carpenter, Assistant Secretary The action stated with respect to each of the matters hereinreferred to was taken by the Board: Telegrams to Mr. Young, President of the Federal Reserve Bank °D "ton, Messrs. Kimball and Bays, Secretaries of the Federal Reserve 13411ke of New York and Cleveland, respectively, Mr. Leach, President Of the Federal Reserve Bsnk of Richmond, Messrs. Stewart and Powell, Secretaries of the Federal Reserve Banks of St. Louis and Minneapolis, l'esPectively, Mr. Caldwell, Chairman of the Federal Reserve Bank of 44eas City, tin. Gilbert, President of the Federal Reserve Bank of 411481 and Mr. Bale, Secretary of the Federal Reserve Bank of San 44fle1 eco$ stating that the Board approves the establishment without c114/lee by the Federal Reserve Banks of Richmond and San Francisco on '111115 6$ by the Federal Reserve Bank of Kansas City on Tune 7, by the 44eral Reserve Banks of New York, Cleveland, Richmond, St. Louis, 141113IeePolis, and Dallas on Tune 8, 1939, and by the Federal Reserve 1344c Of Boston today, of the rates of discount and purchase in their elsting schedules. Approved unanimously. eupon the meeting adjourned.
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