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A meeting of the Board of Governors of the Federal Reserve rstein was held in Washington on Saturday, March 3, 1945, at 10:30 PRESENT: Mr. Eccles, Chairman Mr. Szymczak Mr. Evans Mr. Morrill, Secretary Mr. Carpenter, Assistant Secretary Mr. Thurston, Assistant to the Chairman The action stated with respect to each of the matters herein— 4fter to was taken by the Board: Memorandum dated March 1, 1945, from Mr. Nelson, Assistant tIreetc)1 'of the Division of Administrative Services, recommending th"I'8* Rlath Bowes be appointed as a page in that Division on a : t P°1'417 basis for an indefinite period, with basic salary at the A1,320 :the per annum, effective as of the date upon which she en— performance of her duties after having passed satisfac— usual physical examination. '4' Bowes The memorandum stated that would become a member of the Board's retirement system. Approved unanimously. Let ter to Mr. Rice, Vice President of the Federal Reserve Bank or eW y reading as follows: ter :In view of the circumstances described in your let— the February 24, 1945, the Board of Governors approves t5Arient of salary to Mr. I. P. Frost at the rate of alrid.Per annum, until the date of his retirement, which, mleated in your letter, will be about four years hence." Approved unanimously. 39 3/3/45 -2Letter to Mr. Peyton, President of the Federal Reserve Bank of nriee'13°--lis, reading as follows: e "In accordance with your request, the Board of Govticers approves, under Section 9 of the Rules and Regulam'cris of the Retirement System, the payment to the Retiretlent SYstem, as authorized by your directors, of the amount creesarY to give Mr. Sigurd Ueland, Vice President and v utleel, the benefits of the Retirement System from the e he was first made Assistant Counsel for the Bank to teeZ 1, 1943, when he became a full-time employee of the and was enrolled as a member of the Retirement System. understood that, on his part, Mr. Ueland will pay bac he Retirement System the amount necessary to cover his 1934 contributions, with interest, for the period March 1, 12,, .June 30, 1943, inclusive. flls approval is given in view of the special circumstall ' as : es in this particular case and is not to be considered Precedent for any cases in the future where compensan mai be paid on a retainer basis." j 4 Approved unanimously. tethea 14enl°randum dated February 22, 1945, from Messrs. Thomas and 'Directors of the Division of Research and Statistics and the Ari8ion Irt of Administrative Services, respectively, advising that a re- b tion of the book of charts on bank credit, money rates, and e.tivitY (Chart Book I), prepared in the Division of Research " Stat A111 .4 1 : 4es, was ready for printing, distribution to be made about kw , 19/4, c, and recommending that 4,000 copies of the book be printed at di,, . Quribution thereof be substantially the same as in the case -kolas e ultions. This would contemplate that, aside from internal to the Board and its staff, copies would be sent to the 441erlts , -"u the heads of the research departments and officers in e Or b raxiches of all the Federal Reserve Banks, to members of the 391 3/3/45 -3- 1341.144g and Currency Committees of the House and Senate, and on a °°84:111-Itlentary basis to a few people designated by the Division of ileaearch and Statistics. Copies would also be furnished free upon t et to Government departments, State banking departments, educa1°481 inst itutions, and libraries. To others the chart book would be 8°14 at 50 cents per copy up to 9 copies, 45 cents in quantities °It 10 to 24, and 35 cents in quantities of 25 or more. Approved unanimously, together with the drafts of letters attached to the memorandum to be sent to the members of the House and Senate Banking and Currency Commlttees, the Presidents of the Federal Reserve Banks, and to the heads of the research departments and officers in charge of branches of the Federal Reserve Banks. Thereupon the meeting adjourned. e 643t-4-112 Chairman. /Y)MA-:-Cf Secretary.
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