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1OH Minutes of actions taken by the Board of Governors of the Federal Reserve System on Wednesday, November 12, 1952. PRESENT: Mr. Szymczak, Acting Chairman Mr. Mills Mr. Carpenter, Secretary Mr. Sherman, Assistant Secretary Mr. Kenyon, Assistant Secretary , Memorandum dated October 30, 1952, from Mr. Young, Director Division of Research and Statistics, recommending that the resignation of Jane S. Sundeen, Clerk-Typist in that Division, be accepted to be effective, in accordance with her request, at the close of business November 21, 1952. Approved unanimously. Telegram to Mr. Sidney A. Swensrud, President, Gulf Oil C°rPoration, Pittsburgh, Pennsylvania, prepared pursuant to action te-keh by the Board on November 4, 1952, reading as follows: "Board of Governors of the Federal Reserve System has appointed you Class C director of Federal Reserve Bank of Cleveland for three-year term beginning January 1, 1953, and will be pleased to have your acceptance by collect telegram. "As you know, the Board will issue later in the Year a press statement on appointment of directors at all Federal Reserve Banks and branches. It would be appreciated if any announcement of your appointment could be deferred until release of Board's statement." Approved unanimously. Park, Letter to the Board of Directors, Bank of New Hyde N" Hyde Park, New York, stating that, subject to conditions of 19()9 11/12/;2 -2 "M)erthip numbered 1 and 2 contained in the Board's Regulation Hs the Board approves the bank's application for membership in the Fed"la Reserve System and for the appropriate amount of stock in the -Pedetal Reserve Bank of New 'York. The letter also contained the t0ii ng paragraph: "The Board of Governors also approves the retention and operation of the out-of-town branch located at 16151617 Hillside Avenue, Town of North Hempstead, Nassau County, New York." Approved unanimously, for transmittal through the Federal Reserve Bank of New York.
@FedFRASER