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1012 A meeting of the Board of Governors of the Federal Reserve SYstem was held in Washington on Friday, November 25, 1936, at 11:00 a. m. PRESENT: Mr. Mr. Mr. Mr. Mr. Ransom, Vice Chairman Szymczak McKee Davis Draper Mr. Morrill, Secretary Mr. Carpenter, Assistant Secretary Mr. Clayton, Assistant to the Chairman Mr. Thurston, Special Assistant to the Chairman Mr.. Wyatt, General Counsel Mr. Snead, Chief of the Division of Bank Operations There were presented telegrams to Mr. Young, President of the Pedera Reserve Bank of Boston, Mr. Hays, Secretary of the Federal Reserve Bank of Cleveland, Mr. Leach, President of the Federal Reserve Bank of Richmond, Mr. McLarin, Vice President of the Federal Reserve Lank of Atlanta, Messrs. Stewart and Powell, Secretaries of the Federal 1ZeiBerve Banks of St. Louis and Minneapolis, respectively, Mr. Thames, Chairman of the Federal Reserve Bank of Kansas City, and Mr. Sargent, Secretary of the Federal Reserve Bank of San Francisco, stating that the Board approves the establishment without change by the Federal ReSee Banks of St. Louis and San Francisco on November 22, by the Fed- "W- Reserve Banks of Cleveland and Minneapolis on November 23, 1938, " Cl by the Federal Reserve Banks of Boston, Richmond, Atlanta, St. Louis, '(arises City and San Francisco today, of the rates of discount and purchase 1213 25/38 their existing schedule8. Approved unanimously. The minutes of the meeting of the Board of Governors of the era Reserve Syst held on November 23, 1938, were approved unani- ously, Th on the meeting adjourned. C54‘AliTA) ecretary
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