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Minutes of actions taken by the Board of Governors of the Federal Reserve System on Monday, May 9/ 1949PRESENT: Mr. Mr. Mr. Mr. McCabe, Chairman Eccles Draper Clayton Mr. Carpenter, Secretary Mr. Sherman, Assistant Secretary Mr. Thurston, Assistant to the Board Minutes of actions taken by the Board of Governors of the Federal Reserve System on May 6, 1949, were approved unanimously. Memoranda from the heads of the divisions indicated below, recOflmendjng appointments to the staff in those divisions, effective 48 Of the dates upon which the appointees enter upon the performance Of their duties after having passed the usual physical examination: Date of Duration of Appointment Salary Title Name 41)MINISTRATIVE SERVICES 9 Miss Dorothy B. Ringo BANK operator $2,974.80 Permanent (tab. equip.) OP ERATIONS Frances L. Franklin clerk 519/49 lArs. Mrs. Loretta G. Hathcox clerk $2,498.28 Temp. indef. $2,498.28 Temp. indef. Approved unanimously. Letter to Mr. Halbert L. Dunn, Secretary General, Inter AmeriStatistical Institute, c/o National Office of Vital Statistics, •aehineton, D. C., reading as follows: info "In reply to your letter of April 6 I am happy to rm you that the Board has given full consideration to 2 4 ur invitation and has agreed to become an affiliated wember of the Inter American Statistical Institute. 414 t s. 5/9/49 -2- "We understand that the invitation to central banks has been extended to broaden the participation in, and the base of financial support for, the program of technical work sponsored by the Institute. I also understand that if there is sufficient response from the various Inter American central banks, the Institute expects to set up a permanent financial committee (made up largely of representatives of the central banks) to help develop and guide a program in financial statistics which would reflect the viewpoints and needs of the central banks. It is understood, however, that this program will not conflict with the work of the Organization of Central Bank Technicians, but that the programs of the two organizations would be complementary. "It is understood that the membership dues for all central banks are $200 and that memberships registered . cluring the first six months of 1949 will become effective 11'flmediately but that dues received during this period will be applied to the fiscal year July 1, 1949-June 30, 1950. It is also understood that as an affiliated member we are entitled to representation in the I.A.S.I. and I therefore designate Mr. David Grove of the Division of Research and Statistics as the Board's representative." Approved unanimously. Secretary.
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