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2170 A meeting of the Board of Governors of the Federal Reserve Systeniwa held in Washington on Saturday, November 14, 1942, at 11:00 a.m. PRESENT: Mr. Mr. Mr. Mr. Mr. Ransom, Vice Chairman Szymczak McKee Draper Evans Mr. Morrill, Secretary Mr. Bethea, Assistant Secretary Mr. Carpenter, Assistant Secretary Mr. Clayton, Assistant to the Chairman Mr. Thurston, Special Assistant to the Chairman Mr. Goldenweiser, Director of the Division of Research and Statistics Mr. Smead, Chief of the Division of Bank Operations Mr. Dreibelbis, General Attorney Mr. Wyatt, General Counsel Mr. Thomas, Assistant Director of the Division of Research and Statistics Mr. Piser, Chief of the Government Securities Section, Division of Research and Statistics During an informal discussion yesterday, Mr. McKee referred to the ., 4tLct that the agenda for the meeting of the Federal Advisory Council lith the Board on November 15-17, 1942, contemplated a consideration of the question of reserve requirements. Following the discussion, Mr. ce requested that a meeting of all members of the Board be held at 10:00 o'clock this morning for the purpose of considering whether fur- thel 'action should be taken to reduce reserve reuirements, and yesterNr afternoon a call was sent out for a meeting to convene this morning ecordance with his request. 2171 11/14/42 -2- After the meeting convened, word was received from Chairman e that, because of other pressing matters, he would be unable to d. Upon motion by Mr. McKee, the meet— ing adjourned. !0 2 244LgiA,A664011-A.:Qq9 _6 Secretary.
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