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1796

Minutes of actions taken by the Board of Governors of the
Federal Reserve System on Wednesday, October 22, 1952,
PRESENT:

Mr.
Mr.
Mr.
Mr.
Mr.

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

Minutes of actions taken by the Board of Governors of the Federal
Reserve System on October 20, 1952, were approved unanimously.
Memorandum dated October 17, 1952, from Mr. Sloan, Director,
Division of Examinations, recommending that Messrs. Harry J. Meyer,
Harvey Fleetwood, Henry R. Gaub, John C. Calhoun, and Albert C. Chase,
of the staff of the Federal Reserve Bank of New York, be appointed by
the Board of Governors as examiners for the purpose of participating
in an examination of Bank of America, New York, New York, a corporation
c/qanized under section 25(a) of the Federal Reserve Act.
Approved unanimously.
Letter to the Board of Directors, The Pennsylvania Company for
EeIlking and Trusts, Philadelphia, Pennsylvania, reading as follows:
"Pursuant to your request submitted through the
Federal Reserve Bank of Philadelphia, the Board of Governors approves the establishment and operation of a




1797

10/22/52

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"branch at 2490 N. 54th Street, Philadelphia, Pennsylvania,
Provided such branch is established within twelve months
after the date of this letter."




Approved unanimously, for
transmittal through the Federal
Reserve Bank of Philadelphia.