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A meeting of the Board of Gover nors of the Federal Reserve Systen was held in Washington on Thursday, October 14, 1937, at 11:30 a. m. PRESENT: Mr. Mr. Mr. Mr. Eccles, Chairman Ransom, Vice Chairman Szymczak Davis Mr. Morrill, Secretary Mr. Bethea, Assistant Secretary Mr. Clayton, Assistant to the Chairman Consideration was given to each of the matters hereinafter referred to and the action stated with respect thereto was taken by the Board: The minutes of the meeting of the Board of Governors of the Federal Reserve System held on October 13, 1937, were approved unanimously. Letter to Mr. Wood, Vice President of the Federal Reserve Bank of St. Louis, reading as follows: "In accordance with the recommenda tion contained in Your letter of Octob er 7, the Board approves the appointment of Louis A. Hartmeister as an assistant examiner for the Federal Reserve Bank of St. Louis." Approved unanimously. Letter to Mr. Schaller, Presi dent of the Federal Reserve Bank Of Chicago, reading as follows: "There is inclosed herewith a copy of a letter from Mr. Donald S. Morris, Vice President and Trust Officer Of the Fletcher Trust Company, Indianapolis, Indiana, reci4esting a copy of the tentative draft of a possible amend- 1395 10/14/37 "to the Board's Regulation F relating to the operation of Common Trust Funds, in orde r that you may give Mr. Morris Such advice in the matt er as you deem appropriate. As YOU know, the tentativ e draft which has heretofore been forwarded to you is not intended for publication but there would be no objectio n to furnishing a copy of it to Mr. Morris for his own info rmation if in all the circumstances you deem it desi rable to do so." Approved unanimously. Letter to Mr. Joseph A. Broderic k, President, East River Savings Bank, New York , New York, prepared in accordance with the action taken at the meeting of the Board on September 30, 1937, signed by Messrs. Eccles, Ransom, Szymczak, McKee and Davis, and reading as follows: "This letter can express but inadequa tely the sense of general loss which has spread throughout the Federal Reserve System with the news of your resignation. It cannot tell you, any better than did our spoken words, the depth of the personal loss which we feel who have been Privileged to work side by side with you during the past two years. "You broueht to the Boar d a rare combination of experience and qualities whose influence will endure here and in the field, even though you no longer meet with us in person. You retire leaving us individually and as a Whole indebted to you for the never-failing courtesy and consid erateness which marked your service here. "We express what is in the heart of every person in the Federal Reserve System when we thank you for all you have done, and wish you the fullest possible measure of success and happiness in your new field." Approved unanimously. Thereupon the meeting adjourned. *9W4 A pproved: Chairman. 0•14 , S 2-0 Secreta,y.
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