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At a meeting of the 2ederal Reserve Board
held in the office of the Governor at 4:55 p. m.
on Thursday, November 4,

Er. Hamlin, presidint
.r. Delano




r. iillians

hr. : ,lier

.1 , -, Assistant oecretaru.

Crovimor of the Board presented tho
request of the Federal. Reserve Bank of
made orally by Aderal Reserve Agent Ingle, for
permission to purchase '375,000 of warrants issued
by the Otate of North Carolina in anticipation of

Request was made for permission of.the

Board to purchase the total issue.

1dr. Delano

moved that the Board adhere to the provisions of
Regulation 2, covering the purchase of warrants,
but that it encourage the Federal Reserve Bank of
Richmond. to communicate with other . banks with a
view to disposing of the entire issue._ Thismotion was adopted and Ii'edcral Reserve Agent Ingle


orally informed of the action of the Board.
At 5:25 p. in. the Board adjourned sub-

ject to the call of the chair.

Assistant Secretary.



Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102