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684 A meeting of the Board of Governors of the Federal Reserve S em was held in Washington on Saturday, May 31, 1941, at 11:00 PRESENT: Mr. Mr. Mr. Mr. Ransom, Vice Chairman Szymezak McKee Draper Mr. Carpenter, Assistant Secretary Mr. Clayton, Assistant to the Chairman The action stated with respect to each of the matters hereinaft,e r referred to was taken by the Board: The minutes of the meeting of the Board of Governors of the Pederea Or Reserve System held on May 29, 1941, were approved unanimously. Telegram to Mr. Sanford, Secretary of the Federal Reserve Bank N "York, stating that the Board approves the establishment without ellange by the Federal Reserve Bank of New York on May 29, 1941, of the rates of discount and purchase in its existing schedule. Approved unanimously. Ntas_ Memorandum dated May 29, 190, from Mr. Nelson, Assistant Secreferring to the action taken by the Board on May 13, 1941, in 41)/ling the leave of absence for military duty of J. A. Cameron, Jr., 4 guar'd in the Building Operation and Maintenance Section of the Sec- re'is Office, beginning May 23, 1941, in accordance with the policy a(loPted by the Board on November 14, 1940, for employees called for l'illtarY service, and recommending that, inasmuch as Mr. Cameron was lerillarlent employee and only lacked approximately one month of having 685 5/31/41 -2- le Yearts service, he be paid the full amount of one month's unearned salary. Approved unanimously. Thereupon the meeting adjourned. A sistant Secretary. It1314'°Need: ice Chairman.
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