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463 A meeting of the Board of Governors of the Federal Reserve SYstem was held in Washington on Wednesday, March 22, 1944, at 11:00 PRESENT: Mr. Mr. Mr. Mr. Mr. Mr. Eccles, Chairman Ransom, Vice Chairman Szymczak 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 herein— referred to was taken by the Board: The minutes of the meeting of the Board of Governors of the eral Reserve System held on March 21, 1944/ were approved unani1401184. Memorandum dated March 18, 1944, from Mr. Goldenweiser, Di— ect,, -r of the Division of Research and Statistics, recommending that the temporary anpaintments of Mrs. Mary F. Weaver and Mrs. Ann Linking 4 clerks in that Division be made permanent, with no change in their Present basic salaries at the rates of $1,740 and It1,620 per annum, Pectively, effective immediately. Approved unanimously. Memorandum dated March 18, 1944, from Mr. Goldenweiser, Di— sect r of the Division of Research and Statistics, recommending that 464 3/22/44 -2- the basic salary of Miss Mary Gumbart, a junior economist in that Division, be increased from $2,300 to p2,600 per annum, effective APril 1, 1944, Approved unanimously. Memorandum dated March 20, 1944, from Mr. Goldenweiser, Di-.. lector of the Division of Research and Statistics, recommending, in 4"'ordance with the approval by the Board on March 7, 194, of the 81"ng of a second man to assist Mr. Triffin in his Latin American nli8sion, that the Board (1) approve the designation Of Philip Eckert °t the Federal Reserve Bank of Cleveland as an assistant to Mr. Trit"n f•4 on his mission and (2) pay his traveling expenses and a per of ItEl a day, which is the same as that previously authorized t"z. Triffin, it being understood that the Cleveland Bank will pay hie Present salary while he is on the trip. The memorandum stated that it might be desired to request Mr. Eckert's services only until the c ompletion of the Paraguayan mission and that this would leave °Pet the question of whether at that time an extension of the loan 1/°111d be requested in order to cover the Brazilian phase of the trip. Approved unanimously. Memorandum dated March 21, 1944, from Mr. Morrill, recommending (1) that Mrs. Carrie L. Sanford, a telephone operator in the Secretary's °141-ce, be granted leave without pay because of illness for the period 1114th 16 to May 15, 1944, inclusive, and (2) that the Board continue 141114ke 1ts contributions to the retirement system on her behalf with 485 3/22/44 the understanding that she will make her payments for the insurance benefits. Approved unanimously. Memorandum of this date from Mr. Leonard, Director of the s-Lcn of Personnel Administration, to the Personnel Committee, rec— ftIlleilding that, in order to keep in force the death benefits of Mr. )31"ler, Special Assistant in the Division of Security Loans whose tem , v°rary amointment expires on March 31, 1944/ and whose retirement "114 become effective May 1, 1944, the Board authorize the payment on L hie"ellalf of the regular contribution to the Retirement System of the Federal Reserve Banks for the month of April 1944, amounting to $35.71. Approved unanimously. Letters to "The Black Rock Bank and Trust Company", Bridgeport, ecticut, "The Phoenix Bank", Phoenix, New York, the "Bank of Ripley", 41)1E7, West Virginia, the "Citizens Bank of Pacific", Pacific, Missouri, 4" the "South Main State Bank", Houston, Texas, reading as follows: "The Board is glad to learn that you have completed !la arrangements for the admission of your bank to the Federal Reserve System and takes pleasure in transmitting ! herewith a formal certificate of your membership. "It will be appreciated if you will acknowledge re— ceipt of this certificate." Approved unanimously. 466 3/22/44 -4Telegram to Mr. Gilbert, President of the Federal Reserve Bank of Dallas, reading as follows: "Retel March 21. Board extends to April 10, 19/14, time within which The Industrial State Bank of Houston, Texas, may accomplish membership in System." Approved unanimously. Thereupon the meeting adjourned. • Chairman.
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