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428 A meeting of the Board of Governors of the Federal Reserve &nteralms held in Washington on Monday, March 12, 1945, at 3:00 p.m. PRESENT: Mr. Mr. Mr. Mr. Mr. Mr. Eccles, Chairman Ransom, Vice Chairman Szymczak McKee Draper Evans Mr. Morrill, Secretary Mr. Carpenter, Assistant Secretary Mr. Dreibelbis, General Attorney Mr. Vest, Assistant General Attorney Mr. Townsend, Assistant General Attorney Mr. Pollard, Assistant Director of the Division of Examinations Mr. Wyatt, General Counsel Messrs. John Agnew and F. 0. Fayerweather, Directors of the Paterson National Bank, Paterson, New Jersey Mr. Garret Van Cleve, Counsel for the Paterson National Bank, Paterson, New Jersey Mr. Frank J. Davies of the firm of Davies and Davies, Attorneys for Messrs. Agnew and Fayerweather Mr. C. B. Upham, Deputy Comptroller of the Currency Mr. D. B. Hexter, Assistant Counsel, Bureau of the Comptroller of the Currency Chairman Eccles stated that this hearing had been arranged to "4rcl attorneys for Messrs. Agnew and Fayerweather an opportunity to 1)44" anY additional information that they might wish in connection 11141the proceeding to determine whether Messrs. Agnew and Fayerweather 4}1°111c1 be r emoved from office as directors of the Paterson National ?ate0 New Jersey. At the conclusion of the hearing, a transcript of which has aeeA . ln the Board's files, Chairman Eccles stated that the 429 3/12/45 -2-w°111c1 give careful consideration to P1 01 the information that ll'act been presented. Thereupon the meeting adjourned. kPProv. Chairman.
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