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A meetin,,,; of the Federal Reserve Board was held. in the office of the Board on ""ednesday, October 11th, 1922, P11:33:111711: t 12:00 o'clock. Vice Governor 2Tatt 1:r. Hamlin 1.7iller 1.7r. CrissinPer lioxton, secretary. /7inutes of the meeting of the ;eueral Restrve Board held. on October 1°th, 1922, were read and on motion approved. The Vice Governor reported the reserve positions of the several Federal eserve banks as at close of business October 9th. The vice Governor stated that the first thing in order would be the liZtter docketed as special order business by action of the Board yesterday, 21artlelY, the resolution offered by It. Filler, zith reference to the e-xaminnti°11 of nlmber banks by Federal Reserve barks and with referenc, to the fromethod of assessing the expenses of such examinations. Upon motion, the `Jecretary was directed to deliv, r a CO py of the proposed resolution to Ir. 2errin, Chairman of the Federal Reserve Agents' Conference, with the request that the Conference advise the Federal Reserve Board of its views rer-arding the proposed res lut ion. Letter dated Octob-.:r 9th, from the Cenral Counsel of the Federal ' 14eserve Bank of Atlanta, advising the Board of the pros!rt ss made in the pa r learance case in the United .3tates Circuit Court of appeals. Noted. After a discussion of certain phases of the Pord's administration of the Kern Amendment to the Clayton Act, a recess was taken at 12:50 p.m. the Board to reconvene at 3:00 p.m. 10/11/22 -2- At 3:00 p.m. the lloard reassembled. Vice Governor Platt Mr. Hamlin Mr. Miller Mr. Mitchell Yr. Cris singer Mr. Hoyton, Secretary PRIF,'SZ17. ALSO: irr. Wyatt Mr. Freeman P7-1,ES:717.: After further discussion of the Board's administration of the Kern 4Zendment to the Clayton Act, Committee No. 1 submitted, with favorable recomMendation, an application of Mr. Alexander Robertson to serve at the same time as a director of the Drovers Motional Bank, Chicago, Illinois, as a (Iireetor of the Drovers Crust and Savings Bank, Chicago, Illinois,. and as a director of the Continental and. Commercial Bank, Chicago, Illinois. Approved, Mr. Crissinger voting "no" and. 117r. Miller not voting. A discussion followed with mlfersrice to a proposed resolution of the 1:3?8-rd, with ref, rence to the examimtion of member banks by Federal Reserve bahu —4•89 and with reference to the proper methods of assessing the expenses of 811°11 examinations. Mr. Perrin, by invitation, entered the room and presented. to the Board certain objections to the proposed resolution expressed by some of the Federal Reserve Agents. A full discussion of the matter was had. and the Board determined to postpone final action upon the proposed resolutions until tomorrow at which time it is experted that the Board will receive from the Conference of Federal Reserve Agents, a written expression of its views. 10/11/22 0 CO: I Dated Octob or 10th, 7:\TO econening changes i stock at Federal Reserve hanks as sot forth in the Auxiliary minute book of this date. Ap pro ved. At 4:25 p.m. the meeting adjourned. Secret vry. ' 4111)/lov ed Vice Governor. a
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