View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

1783

Minutes of actions taken by the Board of Governors of the
Federal Reserve System on Wednesday, October
PRESENT:

Mr.
Mr.
Mr.
Mr.
Mr.

15, 1952.

Martin, Chairman
Szymczak
Vardaman
Mills
Robertson
Mr. Carpenter, Secretary
Mr. Sherman, Assistant Secretary

the
Minutes of actions taken by the Board of Governors of
Federal Reserve System on October 14, 1952, were approved unanimously.
SecreMemorandum dated October 14, 1952, from Mr. Carpenter,
tary of the Board, recommending an increase in the basic salary of
Jeanette E. Devlin, File Clerk in the Office of the Secretary, from
10,430 to

40,575 per annum, effective October 26, 1952.
Approved unanimously.

of
Letter to Mr. Williams, President, Federal Reserve Bank
Philadelphia, reading as follows:

As you know, the Union Bank of Burma through the

Burmese Ambassador in Washington has been in communication
of a
with us regarding their desire to obtain the services
to adqualified economist from the Federal Reserve System
vise the Union Bank of Burma on problems of monetary policy
during the next year.
The Burmese authorities have now reviewed the qualifi
of
Bank
cations of Mr. Clay Anderson of the Federal Reserve
n be
Anderso
Mr.
that
request
a
us
sent
have
Philadelphia and
post
a
given a leave of absence in order that he may accept
of one
as adviser to the Union Bank of Burma for a period
the
year. This would be a leave of absence without pay;




1784

10/15/52

-2-

"Union Bank of Burma would compensate Mr. Anderson and
would pay all other costs of this requested mission.
"If the granting of a leave of absence for this purpose would be agreeable to your bank and to Mr. Anderson,
we will of course be glad to collaborate in working out
any further arrangements and in obtaining the requisite
clearance of the Department of State."




Approved unanimously.

Secretary.