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1.106 At a special meeting of the Federal R serve Board held in the office of the Governor on Wednesday, ..Tovember. 1, 1916,. at 11 PRESENT: • Governor Harding, presiding, • Mr. Warburg,. Mr. Delano, Mr.,11111ams, •. Mr. Miller. Mr. 'duns, „;ecretary. • The minutes of the meeting of October 31st wore read. and alTroved. The Governor presented two opinions of Counsel, the one holding that Federal Reserve :Banks can not r ceive deposits from non-member banks; the other that fifteen-day notes are not available as collateral to protect Federal Reserve notes. Both opinions were e- ferred to Consulting Counsel through the office of Counsel. The secretary of the Board read a report of the Committee on Staff as to the status of certain employees of the Division of Federal Reserve Issue, recommending that la's. Es R. Potter be made a permanent.omployee of the Division, that the place of Era. Mary W. Lewis be filled from the regular staff, and that a proposed increase of salary for Messenger S. T. Dashiell be deferred until January 1st. Mr. Miller moved to approve the report of the Committee and to put it into effect. Mr. Williams moved to amend Mr. Miller's motion in respect to Mr. Dashiell, stating his reason as being that Mr. Dashiell is in a position of special responsibility, hence entitled to higher pay, rhich should be voted at once. The proposed amendment of Mr. Williams being put to a vote, was defeated, and the original motion of Yr. Miller recurring, was declared carried, Mr. 7illiams voting in the negative. Mr. Harding was recorded as not voting either E.1.5 to the amendment or the original motion. After discussion it was inCormally agreed to maintain the rule that no formal second to motions put before the Board should be required. On motion at 11:30 A. M. the Board adjourned, subject to call of the chair, it being informally understood that in the absence of special business requiring a formal 1108 •session the next meeting would be held on Wednesday, Kolrember atkat 3 P..11..
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