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3 (j Minutes of actions taken by the Board of Governors of the 4del'al Reserve System on Wednesday, March 8, 1950. PRESENT: Mr. Mr. Mr. Mr. Mr. Mr. McCabe, Chairman Eccles Szymczak Draper Evans Vardaman Mr. Carpenter, Secretary Mr. Sherman, Assistant Secretary Mr. Kenyon, Assistant Secretary Minutes of actions taken by the Board of Governors of the rI n Aeserve System on March 7, 1970, were approved unanimously. Memorandum dated February 28, 19)0, from Mr. Yoling, Director °Dthe Division of Research and Statistics, recommending the appoint-. Ment c/f Donald M. Fort basic tlikte as an economist in that Division, with ealea7 at the rate of $2,400 per annum, effective as of the he. . 11'zle on which he enters upon the performance of his duties after -*sed the usual physical examination. Approved unanimously. Memorandum dated March 6, 1970, from Mr. Young, Director the Division of Research and Statistics, recommending increases 44 the basic bi annual salaries of the following employees in that e ffective March 19, 19)0: ktMe N.4,;1:13 L pox, Jr. 111°t"Ci RaCZ Boylan 11°4 -orrlish Title Economist Economist Clerk Clerk-Stenographer Clerk-Typist Approved unanimously. Salary Increase From To $4,727 T4-7600 3,822 3,950 3,3)0 3,225 2,890 2,970 2,690 2,770 ,te 3/8/x -2Letter to Amarillo National Bank, Amarillo, Texas, et141.11g as follows: "The Board of Governors of the Federal Reserve ,Ystem has given consideration to your application 'cr fiduciary powers, and grants you authority to lEtet, When not in contravention of State or local 4-a14) as trustee, executor, administrator, registrar °r stocks and bonds, guardian of estates, assignee, re ceiver, committee of estates of lunatics, or in Z117 other fiduciary capacity in which State banks, 4rnst companies or other corporations which come *1.1to competition with national banks are permitted eo act under the laws of the State of Texas, the ercise of all such rights to be subject to the , 1) ..,r°7isions of the Federal Reserve Act and the lations of the Board of Governors of the xederal Reserve System. This letter will be your authority to exercise fiduciary powers granted by the Board pending the n?Paration of a formal certificate covering such u'tuthcrization, which will be forwarded to you in due COlarse.11f Approved unanimously, for transmission through the Feder Reserve Bank of Dallas. Secretar,. Chairman.
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