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344 A meeting of the Board of Governors of the Federal Reserve Sys"as held in Washington on Friday, larch PRESENT: Mr. Mr. Mr. Mr. Mr. 5, 1943, at 10:30 a.m. Eccles, Chairman Ransom, Vice Chairman Szymczak McKee Evans Mr. Mr. Mr. Kr. Morrill, Secretary Bethea, Assistant Secretary Carpenter, Assistant Secretary Clayton, Assistant to the Chairman The action stated with respect to each of the matters hereinEtrt referred to was taken by the Board: The minutes of the meeting of the Board of Governors of the Reserve System held on March 4, 1943, were approved unanimously. Telegrams to Mr. Tillett, First Vice President of the Federal B8,10 of Boston, Messrs. Treiber and McCreedy, Secretaries of the Nlarel Reserve Banks of New York and Philadelphia, respectively, Mr. 144114, President of the Federal Reserve Bank of Atlanta, and Messrs. 141111rd and Hale, Secretaries of the Federal Reserve Banks of Chicago 41 44 Fl.ancisco, stating that the Board approves the establishment with°14 cllailge by the Federal Reserve Bank of San Francisco on March 2, by ti"aderel Reserve Bank of Atlanta on March 3, by the Federal Reserve 141:ka or New York, Philadelphia, Chicago, and San Francisco on March 4, 194 3 ' alad by the Federal Reserve Bank of Boston today, of the rates of N°Nlit and purchase in their existing schedules. Approved unanimously. 345 3/5/43 -2Memorandum dated February 26, ' 11.ect°r of the 1943, from Mr. Goldenweiser, Division of Research and Statistics, recommending that 11°1" Eisenberg be appointed as a junior economist in that Division on telliP°11ari basis for a period of not to exceed one year, with basic 8Eq117 at the rate of 0,200 per annum, effective as of the date upon as enters upon the performance of his duties after having passed 84tisf actorily the usual physical examination, with the understanding th t h, participation in the retirement system will be deferred for PerinA "" of four months in view of the fact that he may be inducted into the A 'rn7 within that period and (2) that, if the Federal Bureau of In' retigst, --Lon report which has been requested on Mr. Eisenberg is considered bY the B oard to be unfavorable, his services may be terminated immediately. Approved unanimously. MeMoranda of this date from Mr. Morrill, recommending (1) that th151'eeignation of Cyril E. Ares as a kitchen helper in the Secretary's 41'" 1 be accepted as of 1:00 p.m. on March 5, 1943, and (2) that Miss : 4. 1 111e Relen Bates and Mrs. Mary Jane Cumberledge be appointed as kitchen 4111)ele t in the Secretary's Office on a temporary basis for a period of not leeed 6o days, each with salary at the rate of k1,080 per annum, ef- ttilie March 5, 1943. Approved unanimously. Letter to Mr. Brainard, Chairiaan of the Federal Reserve Bank of " .(1) reading as follows: se "At the completion of the examination of the Federal Rerye Bank of Cleveland as of January 4, 1943, by the Board's 346 3/5/43 -3- 1,uminers, a copy of the report was left for your information and that of the directors. A copy was also furnished President Pleming. "In view of recent correspondence and conferences with respect to the several matters covered by the resolutions of he Chairmen's Conference in October 1942, it is not felt neele7for us to make further comments with respect to the covered in the report of examination. However, the 31°ard Will appreciate advice that the report has been considered the board of directors. Any comments you may care to offer Ifegarding the various matters referred to or as to action taken Qr to be taken thereon will also be appreciated." : prs Approved unanimously. Thereupon the meeting adjourned.
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