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C)a At a regular meeting of the Federal Reserve Board held in the office of the Governor on MoLday, March 4, 1918, at 11:20 A. 1 ., PRESENT: Mr. Harding, presiding, Mr. Miller, Mr. 7arburg, Er. Hamlin, Mr. Delano, Ur. Willis, Secretary. The minutes of the meeting of the Board held on March I were read and, on motion, approved. The minutes of the meetings of the Gold Export Committee held on March 2 and 4 were presented and, on motion, approved, and the action therein set forth ratified. The minutes of the joint meeting of the Federal Reserve Agents and the Federal Reserve Board held on March 1 were presented and, on motion, referred to Er. Delano. The luestion of employing an additional stenographer, suggested by Ur. Hamlin, was referred to the Committee on Staff. The special order for the day, the discount rates at Federal Reserve Banks, was laid on the table until the meeting of Wednesday, Larch 6. Governor Hardin„; read a telegram from the Omaha cle:.ring house banks approving the policy of not advancing interest rates on bank balances, which was noted. On motion, it was the sense of the Board 0 bonds that there is no objection to the sale of 24 now held by the Federal Reserve Bank of Atlana, but that the proceeds may be better used in other ways than in the purchase of other bonds. A letter from the Merchants National Bank of Detroit, Minnesota was ordered answered with the statement that amendment of the Act to permit long term farm discounts is not non possible. A report of Committee No. 1, approving the appointment of W. E. Walter at 3,600 as a member of the staff of the Division of Audit and Examination, effective on assuming duty, was on motion, adopted. A report of Committee Wo. 2, approving the admission of the following state institutions upon terms named by the Committee in each case, was adcpted: State Bank of Madelia, Ladelia, Minn. 36 shares in the Federal .Leserve Bank of Minneapolis. Farmers Loan & Trust Co., Tipton, Indiana 57 shares in the Federal Reserve Bank of Chicago. Reports of Committee No. 3, re changes in capital stock, were approved as follows: Applications for surrender of stock. Shares. 1,800 1,800 6 District No. 4. The Bank of Commerce N. A. Union National Bank Fourth National Bank Cleveland, 0. do Cadiz, Ohio. District No. 6. Fourth National Bank Planters National Bank First National Bank First National Bank First National Bank Montgomery, Ala. 100 39 Opelousas, La. 9 Marianna, Fla. 18 Carthage, Tenn. 36 Winder, Ga. 202 District No. 8. Mercantile National Bank St. Louis, Mo. 1,200 1200 1 Wendell, Idaho 15 Weiser, Idaho 3 Vale Oregon. 1 Winters, Cal. 4 Santa Rosa, Cal. 9 Suisun, Cal. Los Angeles, Cal. 18 330 Stockton, Cal. 51 Sonora, Cal. Total 425 5433 District No. 12. First National Bank First National Bank First National Bank First National Bank Santa Rosa National Bank First National Bank Continental National Bank The San Joaquin Valley N. B. Sonora Natiorlal Bank 3606 Anplications for additional stock. District No. 9. First National Bank First National Bank of Alger County First National Bank First National Bank First National Bank Hancock, Mich. Shares. 15 Munising, Mich. Sheffield, Minn. Cottonwood, Minn. Dawson, Minn. 6 9 9 3 43 District No. 9. Cont'd. City National Bank First National Bank First National Bank Jackson National Bank First rational Bank First & Security National Bank Moorhead National Bank Morris National Bank First National Bank First National Bank First National Bank Merchants National Bank First rational Bank Stock Yards National Bank First National Bank First National Bank Farmers National Bank First National Bank National Bank of Worthington National Bank First National Bank First National Bank Farmers National Bank First National Bank Commercial National Bank First National Bank First National Bank First rational Bank City National Bank First National Bank First National Bank First National Bank First rational Bank First National Bank Home National Bank First National Bank National Bank of First National Bank Minnehaha National Bank First rational Bank First National Bank First National Bank First National Bank United States National Bank Bro't. for'd. 43 90 Duluth, Minn. 1 Emmons, Minn. 1 Hendricks, Minn. 3 Jackson, Minn. 1 Madison, Minn. Minneapolis, Linn.60u Moorhead, Minn. 9 Morris, Linn. 3 3 Osakis, Minn. 6 Rushmore, Linn. 7 St. Peter, Minn. Sauk Centre, Minn. 2 6 Shakepee, Minn. So. St. Paul, Minn. 7 Thief River Falls 6 Minn. 6 Tyler, Minn. 3 Waseca, Minn. Wells, Minn. 3 3 Wheaton, Minn. Worthington, Minn. 3 2 Mapleton, Minn. 90 Butte, Mont. 7 Chinook, Mont. Columbus, Mont. 3 Great Falls,.Mont. 3 9 Intake, Mont. Valier, Mont. 6 1 Townsend, Mont. Bismark, N. Dak. 12 Buffalo, N. Dak. 3 Crosby, N. Dak. Reeder, N. Dak. 1 Van Hook, N. Dak. 1 Castlewood, S. Dak. 2 Dell Rapids, S. Dak 2 Elkton, S. Dak. 3 Huron, S. Dak. 3 Pierre, S. Dak. Sioux Falls, S. Dak15 Wessington Springs, S. Dak. 6 74hite Lake, S. Dak 1 2epin, Wis. Stone Lake, is. 1 Superior, 7;is. 3 974 Bro't for'd District No. 10. 1 Canon City, Colo. First National Bank Colorado City, Colo. 2 First National Bank , Durango, Colo. Burns National Bank Colo. 3 Florence, Bank First National 6 Greeley, Colo. Greeley rational Bank 1 Hayden, Colo. First rational Bank 9 L&mar, Colo. Lamar National Bank 6 Loveland, Colo. First National Bank, 6 Meeker, Colo. First National Bank Ordway, Colo. 8 First National Bank I Otis, Colo. First National Bank 3 Augusta, Kans. First National Bank 6 Beloit, Kans. Union National Bank(formerly German National Bank of Northern Kansas). 6 Columbus, Kans. First National Bank 3 Edna, Kans. First National Bank 3 Fowler, Kans. First National Bank i Greensburg, Kans. Farmers National Bank 1 Gypsum, Kans. Gypsum Valley National Bank Independence, Kans. 30 Commercial National Bank 33 Hutchinson, Kans. American National Bank Junction City, Kans. 30 First National Bank 3 Neodesha, Kans. First National Bank . 3 Norton, Kans. First National Bank 3 St. John, Kans. St. John National Bank 5 Syracuse, Kans. First National Bank 2 Wellington, Kans. ' National Bank of Commerce 3 Kansas City, Mo. Park National Bank 18 Plattsburg, Mo. First National Bank 3 Ainsworth, Nebr. National Bank of I Aurora, Nebr. Fidelity National Bank 144 Columbus, Nebr. First rational Bank 1 Creighton, Nebr. Creighton National Bank 1 Decatur, Nebr. First National Bank 2 Greeley, Nebr. First rational Bank 24 Holdrege, Nebr. First National Bank 3 Hooper, Nebr. First National Bank 3 Laurel, Nebr. First National Bank 9 Loomis, Nebr. First National Bank 6 Norfolk, Nebr. Citizens National Bank Scottsbluff, Nebr. 3 First National Bank 75 South Omaha, Nebr. Stock Yards National Bank of South Omaha _____ Utica, Nebr. First National Bank 342 974 District No. 10. Conted. Merchants & Planters National Bank First National Bank First National Bank First rational Bank First National Bank First National Bank Peoples National Bank National Bank of First National Bank Security National Bank First National Bank First National Bank First National Bank Hartshorne National Bank First National Bank State National Bank. Miners National Bank City National Bank City National Bank First National Bank National Bank of Commerce State rational Bank Ottawa County National Bank Exchange National Bank National Bank of Okemah rational Bank State National Bank Central National Bank Union National Bank First National Bank First National Bank Central National Bank American National Bank National BEIM. of Commerce do Union National Bank First rational Bank First National Bank '4oming National Bank First National Bank Rawlins National Bank Commerce Trust Co. Pander State Bank Fort Scott State Bank Bro't for'd...342 Ada, Okla. 5 Ardmore, Okla. 60 Beaver, Okla. 1 Blackwell, Okla 3 Braman, Okla. 3 Checotah, Okla 12 Checotah, Okla 2 Claremore, Okla 1 Commerce, Okla. 3 Dewey, Okla. 2 Fairland, Okal 1 Foraker, Okla. 2 Guthrie, Okla. 3 Hartshorne, Cklal Heavener, Okla. I do do 1 Henryetta, Okla 3 Hobart, Ckla I 2 do Holdenville, Okla. 3 Hominy, Okla. 2 Marlow, Okla. 3 Miami, Okla. 3 Muskogee, Okla. 2 Okeene, Okla. 1 Okemah, Okla. 22 Okla. City,Oklal5 Okmulgee, Okla. 6 Purcell, Okla. 1 Ritgling, Okla. 1 Sentinel, Okla. 2 Tahlequah, Okla 1 Tulsa, Okla. 18 do 6 do 3 do 12 Vian, Okla. 1 Yale, Okla. Casper, Zyo. 15 Rawlins,Ilya. 3 do 6 Kansas City,Mo150 Pander, Nebr. 1 Ft. Scott, Kane 1 974 720 District No. 12. First National Bank Phoenix National Bank First National Bank First National Bank First National Bank First National Bank First National Bank First National Bank First National Bank of San Mateo Co. First National Bank San Fernando National Bank First National Bank First National Bank First National Bank Firat National Bank Farmers rational Bank First National Bank First National Bank First National Bank First National Bank First National Bank First National Bank First rational Bank First rational Bank First National Bank First National Bank United States National Bank First rational Bank First National Bank First National Bank Yakima National Bank Bro't for'd. 4. Florence, Ariz. 30 Phoenix, Ariz. 18 Brawley, Cal. 3 Kingsburg, Cal. Los Angeles, Cal. 600 6 Madera, Cal. 12 Oakdale, Cal. Puente, Cal. Redwood City, Cal. 28 1 Riverbank, Cal. San Fernando, Cal. 6 12 Sonora, Cal. 30 Cal. Ukish, 3 Upland, Cal. 9 Blackfoot, Idaho, 8 Buhl, Idaho. 38 do 4 Burley, Idaho. 4 Elko, Nev. 1 Bandon, Oreg. 4 Bend, Oreg. 1 Gardiner, Oreg. 3 Harrisburg, Oreg. Klamnth Falls, Oreg.1 3 Linnton, Oreg. 1 North Bend, Oreg. 300 Portland, Oreg. 1 Cle Elum, Wash. 1 Oroville, 7ash. 60 Seattle, Wash. 30 Yakima, Tash. Total 1,694 1.223 2,917 A report of Committee No. 3, re the appointment and bonding of an acting fiscal agent, was read and referred to the Governor with power to act. A letter from Governor Van Zandt, re the status of the First National Bank of Albuquerque, New Mexico, was read and noted. A letter from Mr. Y. U. Carpenter to Chairman Glass of the House Committee on Bankir4; and Currenc:!, re .the admission of small state banks, was read. A letter from Assistant secretary Leffingweil, re deposits in the Baltimore branch of the Federal leserve Bank of Richmond, was read, also enclosures on the same subject, which were noted and referred back to Governor Harding. Governor Harding read a memorr,ndlm of Chief Lxaminer Broderick re the methods of auditing at Federal Reserve Banks, which was referred to Committ,:lo No. 1. On motion, at 1 P. M., the Board adjourned. AP?hOVL:
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