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A meeting of the Executive Committee of the Federal Reserve Board was held in the office of the Board on Tuesday, November 14th, 1922 at 12:00 PRSITT: a.m. Vice Governor Platt Yr. Hamlin rr. Holton, Secretary. The Vice Governor reported the reserve positions of the several Pederal Reserve banks as at close of business November 8, 9, and 10, 1922. Letter dated November 10th, from the Chairman of the Federal Reserve 8aillt of Atlanta, with reference to a Shortage in cash of ilaz, 1.,000 at the Firming- branch, developed by the examination of the Birmingham branch by the General Auditor of the Federal Reserve Bank of Atlanta under date of November 6, 1922. Mr. McCord stated that this shortage was discovered in the paying teller's age, that the paying teller had refunded the money, and that the Poard of Dil'ectors of the Federal Reserve Bank of Atlanta had decided to hold the Matter upon and in abeyance until further examinationsand disclosures can be 11lade. Noted. Letter dated November 8th, from the Federal Reserve Agent at San alloisco, transmitting vAth favorable recomnendPtion, the application of the Security Bank and Trust Company of San Francisco, to establish a branch at 618 Mission Street, San Francisco, it being understood that this branch 18 to be merely a paying and receiving station, and that all credits will be handled through the head office. Approved. OF COMMIT= ro. 1: 'ted, rovember 9th, Recommending changes in stock at Federal Reserve 4 10th, banks as set forth in the Auxiliary Minute Book 11th, of this date. Approved. 11/14/22 -2- 1.12.1111MJIL2ggVITTEE TO. 1 (pont TO Dated November 3rd, At Recommenang action an application for fiduciary powers, as set forth in the Auxiliary Minute Book of this date. Approved. 2:40 p.m. the meeting adjourned. Se retary. ved: Vice Governor.
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