Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Minutes, March 18, 1942, Volume 29, Part 2

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503
A meeting of the Board of Governors of the Federal Reserve
SYstem Was
held in Washington on Wednesday, March 18, 1942, at 10:30

PRESENT:

Mr.
Mr.
Mr.
Mr.

Eccles, Chairman
McKee
Draper
Evans

Mr.
Mr.
Mr.
Mr.

Morrill, Secretary
Bethea, Assistant Secretary
Carpenter, Assistant Secretary
Clayton, Assistant to the Chairman

The action stated with respect to each of the matters hereinafter

referred to was taken by the Board:
The minutes of the meeting of the Board of Governors of the
Federal
Reserve System held on March 17, 1942, were approved unani11101181y.

Bonds in the amount of v10,000 each, executed under date of

IViarch

4, 1942, by 0. H. Barnard and R. N. Geller as Federal Reserve

AgerItt s
- Representatives at the Salt Lake City and Los Angeles Branches,
re
sPecti
-ve-LY, of the Federal Reserve Bank of San Francisco.
Approved unanimously.
liemorandum
dated March 16, 1942, from Mr. Wyatt, General Counsel,

recomin
ending that Miss Jean Crosby be appointed as a stenographer in the
Offic_
of
General Counsel, with salary at the rate of ,1,620 per annum,
effect' e
as of the date upon which she enters upon the performance of
her d .
utles after having passed satisfactorily the usual physical examination.




Approved unanimously.

504
3/18/42

-2Memorandum dated March 16, 1942, from Mr. Nelson, Assistant

SecretarY, recommending that Miss Dorothy L. Lowry be appointed as a
teleph_ e
un operator in the Secretary's Office, with salary at the rate
of 1,260 per
annum, effective as of the date upon which she enters
11Pon
the
performance of her duties after having passed satisfactorily
the
Usual physical
examination.
Approved unanimously.
Letter to Mr. Powell, First Vice President of the Federal Re"'
e Bank of
Minneapolis, reading as follows:
"The Board of Governors approves the changes in the
Personnel
classification plan of your Bank and Branch,
°L8 requested in
your letter of March 13, 1942."
Approved unanimously.
T
elegram to Mr. Hodge, Assistant Counsel of the Federal Reserve
ilank of Chicago,

reading as follows:

w) ,
e re amendment section 9(d) (of Regulation
'Your wire
n • words 'permitted
in the first instance' refer to
irlri°d from date of original extension of credit rather
an from date
of renewal."




Approved unanimously.
Thereupon the meeting adjourned.

0Jj
Secretary.

Chairman.