The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
-1774 Minutes of actions taken by the Board of Governors of the Pederal Reserve System on Monday, November 14, 1949. The Board raet in the Special Library at 3:00 p.m. PRESENT: Chairman McCabe Mr. Szymczak Mr. Draper Mr. Evans Mr. Vardaman Mr. Clayton Mr. Carpenter, Secretary. Mr. Sherman, Assistant Secretary Mr. Corkhum, Minutes Clerk, Office of the Secretary Mr. Morrill, Special Adviser Mr. Thurston, Assistant to the Board Mr. Thomas, Economic Adviser Mr. Leonard, Director, Division of Bank Operations Mr. Vest, General Counsel Mr. Millard, Director, Division of Examinations before this meeting the Federal Advisory Council submitted Et rn -lenlarazdUzin covering topics which were considered at a separate nieetilig 0f the Council on November 13, 1949, and which were to be cliselassed With the Board at a joint meeting to be held at 10:30 4,111., No vember 15, 1949. The Board considered the statements of te C°1111ci1 on the various topics and it was agreed that Chairman -ceEibe Would state the views of the Board substantially as recorded illthe minutes of the meeting with the Council. a=lt this point Messrs. Thurston, Thomas, Leonard, Vest, and withdrew and the action stated with respect to each of the hereinafter referred to was taken by the Board: 11/14/49 -2- Minutes of actions taker by the Boardof Governors of the Pederal Reserve System on November 10, 1949, were approved unanir40u31y. Memorandum dated November 10, 19149, from Mr. Vest, Gene (31111"1, recommending increases in the basic annual salaries of the following employees in the Legal Division, effective November 27, 1949: , Naze ' 411s73-iii. Ea°ff 8. X. .,thii,ardEntriken L. Iia,rge 1 Runley Title Assistant Counsel Law Clerk Messenger Messenger Salary Incr -se From To $6,8(7 $6,600 4,700 4,575 2,732 2,652 2,652 2,572 Approved unanimous Memorandu: dated November 9, 1949, from Mr. Thomas Eco- dviser to the Board, recommending that Mr. Young, Director th e Div4-A.sloa of Research and Statistics, be designated as a regba r member of the System Research Advisory Committee. Approved unanimously, Telegram to Mr. McConnell, V ce President of the Federal %-ve 'ank of Minneapolis .3 reading as follows: Janu "Reurtel November 14, 1949 Board extends to ary 16, 1950, the time within which Union Bank , lair, Blair, Vasco s_n, may acLomplish bership. Secretary.
@FedFRASER