Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Minutes, October 12, 1923, Volume 10, Part 2

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A meeting of the Federal Reserve Board was held in the office of the
Federal Reserve Board on Friday, October 12th, at 10:10 a.m.
PRELIN2:

Governor Crissinf'er
ar. Platt
Mr. Cunningham
Mr. Dawes
1,1r. Eddy, Jecretaiy

.2ho reading of the minutes of the last meeting of the Federal Reserve
Board was dispensei with.
Letter dated October 4th, from the Chairman of the Federal Reserve
Bank of 3an Francisco, advising of the appointment of :,1r. Henry 6. ICEee,
Vice President of the Merchants National Bank of Los Angeles, as director
Of

the Los :algeles branch, to fill the vacancy ci'eated by the death of Mr.

A. J. Waters.
Noted.
Memorandum dated October 11th, from the Director of the Division of
Research and Statistics, recommending a subscription price to New York University of :,- P-0.00

for ten copies of each issue of the Federal Reserve Bul-

letin until June 1924 for use in a seminar to be conducted for bark men, and
suggesting that if the Board approves this recommendation attention of universities be oallei to the possibility of making class room use of the Federal Reserve Bulletin.
Approved as to subscription price for New York University.
2elegram dated October 10th, from Mr. /liner with reference to results
of fl conference hold in San Francisco with representatives of larger branch
banking institutions in California and the itate Banking Department.




Ordered circulated.

1o/12/23

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Letter dated October 10th, from the Chairman of the Federal Reserve
Bank of Cleveland, in reply to the Board's letter of October 4th, re mestliar; inforeition as to the plan which the Central 2rust Oomrany of Cincinnati, an aTplicant for membership, proposes to pursue with respect to the
establishment of branches.
Referred to Committee on Ekaminations for report.
Letter dated October 10th, from the ChairiLn of the Federal Reserve
Bank of New York, transmitting draft of prof, am of topics to be discussed
at the joint sessions with the Board Qf the forthcoming Conferences of
Governors and Federal Reserve .gents.

(

_ifter discussion, it was voted to approve the suggested program, with the addition of the 2opic "Reimbursement
for Fiscal ,gency Ekpenses".
Memorandum dated October 12th, from lieneral Counsel, calling attention to the in 1.1iry made by Congressman 'Ango, menber of the Joint Committee
Of In,luiry on Memb 1r hip in the Federal Reserve oystem, with respect to the
dates of all meetings of the Federal .dvisory Council and all other s; ecial
oonrerences held by the Federal -ieserve Board with the members of the Federal Advisory Council or the officers or Lirectors of Federal Reserve banks

•

-Auring tha years 1919 and 1920.
Upon motion, it was voted that Mr. WinFo be furnished
with the informat tun re luested.
RZPOR23 02 s2r)ITTG 00..:!.1
Dated October 11th,




Recommending .changes in stock at Federal Reserve Banks
as set forth in the .,uxiliary Minute Book of this date.
Approved.

7!"..
,

10/12/23

IMP

.1

10.91111..sy_11221DirG 00/171T2E'
Dated October 12th,

Dated October 12th,

(Cont'4)

Recommending action on arplication for fiduciary
powers as set forth in the Auxiliary =flute Book of
this date.
'11-)proved.
Recommending approval of the applicatiun of Mr.
Edlefsen to serve at the same time as director and
officer of the Peninsula National Bank and as director
and officer of the West Coast National Bank, both of
Portland, Oregon.
4proved.

Zhe meeting adjourned at 11:00 a.m.
•

'ecret:4 y.
Approved:




Governor.