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Minutes of actions taken by the Board cf Governors of the Pederea Reserve System on Thursday, November 17, 1949. PRESENT: Mr. Mr. Mr. Mr. Mr. Eccles, Chairman pro tem. Szymczak Draper Evans Clayton Mr. Mr. Mr. Mr. Carpenter, Secretary Sherman, Assistant Secretary Morrill, Special Adviser Thurston, Assistant to the Board Minutes of actions taken by the Board of Governors of the "al Reserve System on November 16, 1949, were approved unani41°1184. Memorandum dated November 16, 1949, from Mr. Nelson, Dil'eetOr - 0f the Division of Personnel Administration, recommending 44 i'41crease in the basic salary of June E. Ayers, a personnel techtli clan in that Division, from $4,600 to $4,72 per annum, ef.1 rev" 17e November 27, 1949. Approved unanimously. Memorandum dated November 'he t 9, 1949, from Mr. Young, Director Division of Research and Statistics, recommending that Lewis lei*itz, Chief of the International Financial Operations Section 14 that Division, be authorized to attend the conference of Economic ec'13el*etion Administration finance officers in Paris the latter part Of the Present month and to visit in connection with this trip the l Ettlit or flgland and one or two other European central banks. 1806 11/17/49 -2Approved unanimously, together with the following letter to Mr. Dembitz: "The Board hereby authorizes you, in your caPacitY as an economist in the Division of Research and Statistics, to proceed to Paris to attend the conference of Economic Cooperation Administration finance officers the latter part of the present Zonth, leaving Washington on or about November 19 and stopping on your way to and from the conference to call at the central banks of England, France, Belgium, and The Netherlands and at the Bank DeutScher Laender in Frankfurt, Germany. It is underthat the travel will be by air and that you v111 return to Washington about December 11. "While you are absent from Washington, your actual necessary transportation expenses in accorda:nce with the Board's travel regulations, charges ror flight insurance, and a per diem in lieu of Tlbsistence at the rate of $10.00 will be paid 1•1014 funds under control of the Board. "It is requested that you retain the original . ctif this letter, and that the file copy, after being "Ilitialed by you, be returned to the Board's files." Letter to Mr. Weigel, Secretary of the Federal Reserve Bank st. Louis, reading as follows: For the reasons outlined in your letter of No,41oer 14, 1949, the Board of Governors approves the D4Yment of salary to Mr. August E. Debrecht, ConfirZt, 1tion Audit Clerk, at the rate of $4440 per annum; "ich rate is in excess of the salary maximum of the l'ade in which his position is classified." Approved unanimou 4141rov Secreta Chairman pro em.
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