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41ifs Minutes of actions taken by the Board of Go-vernor of the Reserve system on Tuesday, March 11, 1,47-1)2. PRESENT: Mr. Mr. Mr. Mr. Mr. Mr. Martin, Chairman Szymczak Evans Powell Mills Raertson Mr. Carpenter, Secretary Mr. Sherman, Assistant Secretary Mr. Kenyon, Assistant Eecretary Minutes of actions taken by the Board of Governors of the ?ederai Reserve system on March 10, 1952, were approved unanimously. Letter to Mr. lqoolley, Vice President, Federal Reserve Rank of 4118 e'S City, reading as follows: In accordance with letter of March 5, 1952, II-on of the following as the F ederal Reserve Bank Keith L. Hollcroft Joyce hstep the request contained in your the Board approves the designaspecial assistant examiners for of Kansas City: F. O. Beck Jerry Gabel Leon McDowell" Approved unanimously. Letter to Miss E. F. Downey, Secretary, 'Federal Deposit Insurance 1°n, V;ashington, D. C., reading as follows: corice Reference is made to your letter of March 3,, 195 Elizabet.r.1,, lizabeth, Ponta fling the application of the Bank of fru,Ylvania, for continuance of insurance after witnc.rawal Zembership in the Federal Reserve System. ' or a "No corrective programs have been urged upon the Bank, Covegrsed to by it, in connection with which the Board of 1110r8 would consider it desirable to incorporate conditi0 , "s,with respect to continuance of insurance. tae,de 'The report of examination of the Bank of Ll4 zabeth, as of June 2, 1951, reflects a sound asset condition, 3111/52 -2- tt 11., satisfactory capital structure and good management. Lam are above average, dividends moderate and classified :Losses totaling $1,662 (expense items) were to be chared '1Off in the normal course of business." Approved unanimously. Telegram to the Presidents of all Federal Reserve PrInks, reading E 3 rouovs: It has been suggested that as promptly as -)ractica1)? following the submission of the report of the Pathan lElu committee the System undertake the preparation of a new 211-114e which would be based on the material submitted in ; esPonse to the Patman questionnaire. It is felt that it k?uld be preferable to distribute a briefer volume of this 0 banks throughout the country, rather than copies of all of the answers to the questionnaire, some of which are a itl'gelY statistical or provide factual materal readily prailable elsewhere. However, some of the banks have exesed a desire to send copies of printed answers to cril teachers of economics and college and public libraroes in their districts. Ehould your bank desire copies ri4t,that purpose we shall be glad to place an order for the shnuer You desire. Understand answers are to be re-nrinted 1 t1Y as Senate document and by placing order as part nf th,, -.; Printing it would be possible to obtain copies at a een;: to your bank of not to exceed one dollar eighty-eight le-J,s Per set. It may be necessary to place order this Therefore would appreciate prompt reply. Approved unanimously. Secretary.
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