The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
3172 The Executive Committee of the Federal Reserve Board met in executive . session in 7,;ashin,3ton on Londay, October lb, 1934, at 2:30 D. in. PRESENT: Er. Thomas, Vice Governor Mr. Miller Er. James Szymczak la'. Thomas presented a draft of letter to Mr. A. E. Demaray, Larector of the 17ational Park Service, United States Department °t the Interior, reading as follows: , "Receipt is acknowledged of your letter of October 11, to La-. Chester Lorrill, Secretary of the Federal Re,erve Board, relative to the demolition of Temporary Buildat 20th Street and Constitution Avenue, N. W., and Previous correspondence on this subject. 04. ,"The Board understands that the Branch of Engineering tn.e National i-ark Service is willing to make the necessary ol j a4gaments as to the contract and bids for the demolition ti Telaporary Building' No. 5 and to supervise the fielj opera' tli°111s incident to that work. You state that it will undertake 1:0 J ob 'on a reimbursement basis' and that vouchers covering ' ( 4"ual direct expenses' incurred in connection with the work Pared in such detail as the Board may desire) will be subed to the 13oard periodically, approximately monthly. YOU mata that the total cost to the Board for this engineering "crk will not exceed .500. to , The suggested terms and arrangements are satisfactory ulls Board and it is requested that the National Park Ser: e.u.ndertake this work and proceed to prepare the necessary : 0 1°1tications, including the advertisement and bid form, in tl,,er that bias may be requested with reasonable celerity and : a - contract for the demolition of the building may be awarded On as practicable after the Board acquires title to the ,v' 1 0Derty, draIt is noted that the specifications have already been ad and that only minor changes therein are necessary. ,°11 as such changes have been made and before advertising torsl° et, Jicis, it will be appreciated if you will submit the io; e1.fications and any other necessary papers to the Board thni.l'eview. As stated in an earlier letter, it is understood 44-ci. the contract for the demolition of the building will be theei in the name of the Federal Reserve Board rather than of the ; lilted States and that any amount realized by reasen of -elaolition of the building will, of course, be paid to 3173 10/15/34 -2- "the et 1.y of cer0" has designated and authorized Chester Morrill, Federal Reserve Board, to act as Contracting discussion,the 1tter was approved* Thereupon t adjourned. Vice C-overnar•
@FedFRASER