Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Minutes, October 23, 1914, 10:30 AM, Volume 1

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

252

At a special meeting of the Federal Reserve
Board held in the office of the Board at 10:30 a. m.,
on Friday, October 23, 1914
PRESENT:
Er. Hamlin

Er. Warburg

Er. Delano

Er. Miller.

The Governor of the Board presided, and Mr. H.
P. Willis acted as secretary to the meeting.
The minutes of the preceding meeting were read
and approved.
Reports of committees named at the Convention of
Directors were ordered printed as a single document for
distribution.
A letter received from Governor Benj. Strong, Jr.,
of New York, regarding tie need of penalties for co.Interfeiting was read to the Board and referred to Counsel for an
Opinion.
A proposed form of docket laid before the Board by
the Counsel of the Board was referred to the Secretary of the
Board for consideration.
A letter from Assistant Secretary of the Treasury
Malburn with reference to the furnishing of Federal Reserve







notes was referred to Hr. Miller.
A letter from 7ir. ilugene Boross regarding conditions in 7aw York was referred to the Secretary of the
Treasury.
A letter from certain banics in Charleston, South
city
Carolina, re.,uesting tnat Charleston be made a reserve
was referred to trio Comptroller of -Lie Currency for consideration and renort.
A letter from the Germania Savings Bank of Charleston, South Carolina, with reference to its eligibility for
membership in the Federal Reserve System was referred to
Counsel for an opinion on the eligibility of 3tate Banks.
A letter from the Continental Bank and Trust Company, of Shreveport, La., regarding the cotton loan fund,
was referred to i.r. Harding.
A letter from the Florida :ational Bank regardand
ing notes secured by warehouse receipts covering rosin
turpentine, was referred to the Committee on Commercial
Paper.
Miller read to the Board a communication reestablishment
ceived from Mr. Mills, Portland, regarding the
of a branch at Portland.




On motion at 1 p. m., the Board adjourned.