The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
A meeting of the Federal Reserve Board was held in the office of the Federal Reserve Poard on Thursday, May 10th, at 11:00 o'clock4 PR.:4'SENT: Governor On ssinger Mr. Platt Mr. Hamlin Mr. Tiller Mr. Mitchell Mr. Ho xton, Secretary. The minutes of the meeting of the Federal Reserve Board held on May 9th were read and on motion approved as amended. rr. Hamlin submitted the recommendation of the Clayton Act Committee that the application of Fr. John J. Riker for permission to serve the Wanover Ilational Bank and the Bank of New York and Trust Company, both of Mew York eitY, be disapproved. Carried, it being understood that the Federal Reserve Agent at Mew York be requested to report to the Board those oases of interlocking directorates referred to in Mr. Jay's letter of May 7th which were approved by the Board at a tine when no substantial cometition was involved, but in which substantial competition has now developed. Letter dated May 4th, from the Deputy Governor of the Federal Reserve Bank n 1 -a412-s, with reference to a compromised settlement effected in the case of the ?iret Nat ional Bank of Annonn, Texas. Referred to the Law Committee. riller submitted in behalf of the Committee on Salaries and Charge Qlfts a Proposed form of letter to the Chairman of the Federal Reserve Bank of leNI York, with reference to the appointment of an Acting General Auditor for the Pederal 'Qeserva Bank of New York, in accordance with action taken at the 111"tillP,' Of the Board yesterday. Approved. 5/10/23 Upon motion of I:r. Miller, it vas vot ed unanimously, that hereafter in all Board Tri, _.,etings a call for the "aye" and "nay" votes shall he taken upon request of any :marker cf the Board. After a discussion of the question of gold policy, the meeting adioUrned at one o'clock. 11: 4PORTS OF c0/.2'ITT72 NO. 1: Dated tray 9th, Recomending refusal of the application of Mr. John J. Biker to serve at the same time as director of the Panover National Bank and of the Bank of New York and Trust Company, both of New York City. Approved. Dated :,:ay 10th, Pecornmending approval of the application of Mr. William Sloane to serve at the same time as director of the Seaboard National and of the Trust Company of Norfolk, both of Norfolk, Virginia. Approved. 1)Iteld Nay 10t4 Recoil-rending changes in stock at Federal Reserve banks, as set forth in the Auxiliary Minute Book of ti is date. Approved. Secret ary. 49Proved:
@FedFRASER