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656 A meeting of the Board of Governors of the Federal Reserve SYstem was held in Washington on Monday, May 3, 1943, at 11:?,0 PRESENT: Mr. Mr. Mr. Mr. Mr. Eccles, Chairman Szymczak McKee Draper Evans Mr. Mr. Mr. Mr. Morrill, Secretary Bethea, Assistant Secretary Carpenter, Assistant Secretary Clayton, Assistant to the Chairman The action stated with respect to each of the matters hereinafter r eferred to was taken by the Board: The minutes of the meeting of the Board of Governors of the 4cieral Reserve System held on April 30, 1943, were approved unanikollsiy. The ?sclera]. ti°tIls minutes of the meeting of the Board of Governors of the Reserve System held on May 1, 1943, were approved and the ac- recorded therein were ratified unanimously. Memorandum dated April 30, 1943, from Mr. Morrill, recommendthat Miss Geraldine L. Davidson be appointed as a stenographer in Secret arY's Office, with basic salary at the rate of $1,620 per the al14111113 effective as of the date upon which she enters upon the perOf her duties after having passed satisfactorily the usual 15111.8jeal should i .nntion, with the understanding that if anything derogadevelop in the investigation of her references her serv- rilar be terminated immediately. Approved unanimously. 657 5/3/43 -2Memorandum of this date from Mr. Goldenweiser, Director of the Divisi Of Research and Statistics, recommenaing, in view of the spe- cial e4reumstances set forth in the memorandum, that the aggregate basic 4.417°f Ben S. Chlepner, an Economic Specialist in that Division, for the &t four and one-half months of his present six months' appointment t fl'°m May 3 through September 17, 1943) be increased from $1,350 41,575. Approved, Mr. McKee voting "no" for reasons which he subsequently set forth In a memorandum aadressed to the Board under date of May 7, 1943. tirt.marMemorandum of this date from. Ur. Morrill, recomnending that ". Cadieux be appointed as a cafeteria helper in the Secre- terrs 0 ffice on a temporary basis for a oeriod of not to exceed 60 1943. --" ealarY at the rate of 4P1,080 per annum, effective May 3, Approved unanimously. Meal°rendum dated April 3 0, 1943, from Mr. Goldemeiser, Direc- tor of the Division of Research and Statistics, recommenaing (1) that kit°1114.°as 'a junior economist in that Divicion, be granted an extensioll c)f his leavewithout pay from May 31, 1943, when his present leave e)q3ir e-, to not beyond July 31, 1943, for the purpose of continuing his ,kazig tor Army tl'ib . service,(2) that the Board continue its normal con- IltI°ris vittea kr to the retirement system on his behalf during this period pro— • MOss continues his own regular contributions, and (3) that, if 658 513/43 he -3— enters folio into active duty with the Signal Corps of the United States Army g his training, Mr. Moss be granted a leve of absence without Pay or military duty and the benefits provided in the policy adopted by the Boa on November 14, 1940, and amended August 20, 1941, for all em, Ploys entering military service. The first two recommendations were approved unanimously but no action was taken With respect to the third recommendation inasmuch as the Board on February 1, 1943, granted Mr. Moss, effective upon his entry into active service following the termination of his pre-service civilian training, a leave of absence without pay for military duty and the benefits provided by the Board for all employees entering military service. Me moranda of this date from Mr. Morrill, recommending (1) that the •temporary appointment of Mrs. Mary Cumberledge as a cafeteria helper Secretary's Office be extended for an additional period of not to Need 60 days beginning May 4, 1943, with no change in her present sale.ry at the rate of $1,200 per annum, and (2) that the resignation of °Iga tunlap as a cafeteria helper in the Secretary's Office be accepted, "fsetive as of the close of business on May 9, 1943. Approved unanimously. Thereupon the meeting adjourned. Appl,ove Secretary. Chairman.
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