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1613 A meeting of the Board of Governors of the Federal Reserve Stem was held in Washington on Tuesday, October 24, 1944/ at 10:30 PRESENT: Yr. Mr. Mr. Mr. Ransom, Vide Chairman McKee Draper Evans Mr. Mr. Mr. Mr. Morrill, Secretary Bethea, Assistant Secretary Carpenter, Assistant Secretary Clayton, Assistant to the Chairman The action stated with respect to each of the matters herein— after referred to was taken by the Board: The minutes of the meeting of the Board of Governors of the Federal. Reserve System held on October 23, 1944, were approved unani— 101181y. Memorandum dated October 20, 1944, from Mr. Goldenweiser, Di— rector of the Division of Research and Statistics, recommending that Mrs. Florence R. Cox be reappointed as a clerk—typist in that Division, th basic salary at the rate of $1,680 per annum, effective as of the date uPon which she enters upon the performance of her duties. Approved unanimously. Memorandum dated October 21, 1944/ from Mr. Goldenweiser, Di— rector ct the v:::0 : 8 1a0f Research and Statistics, recommending that 141-8s Martha Rose be appointed as a clerk in that Division on tempor_ c4rY basis for an indefinite period, with basic salary at the rate of g1,440 per annum, effective as of the date upon which she 614 1°/24/44 —4- enters upon the performance of her duties after having passed satisfactorily the usual physical examination and subject to a satisfactory Check of her references. Approved unanimously. Memorandum dated October 20, 1944, from Goldenweiser, Di- rector of the Division of Research and Statistics, recommending that lAiSs V. lolet May Rice, a clerk-stenographer in that Division, be granted leave of absence without pay beginning October 31, 1944, so that she might enter active duty with the United States Marine Corps, '',omen's Reserve, and that she be granted the benefits provided in the policy adoPted by the Board on November 14, 1940, and amended August 20, 1941, f°r all employees entering military service. Approved unanimously, with the understanding that the payment of one month's unearned salary would be at the rate of basic salary plus overtime. Memorandum dated October 18, 1944, from Mr. Paulger, Director Of the D ivision of Examinations, submitting the resignation of George IL Emde as a Federal Reserve Examiner in that Division, to become eftective as of the close of business on October 31, 1944, and recommendrg that the resignation be accepted as of that date, with the underthat no deduction will be made from his salary for 2 days and 1 ho. of unaccrued annual leave taken by Mr. Emde. The resignation was accepted as recommended. 1615 ' 0/24/44 —3- Letter to Mr. Gilbert, President of the Federal Reserve Bank of Da.11as, reading as follows: "The Board of Governors approves payment of salaries to the following officers of the Federal Reserve Bank of Dallas for the period November 1, 1944 to May 31, 1945, 1:nclusive, at the following rates which are the rates fixed by your board of directors as reported in your let— ter of October 17: Salary Position H. R. DeMoss ,6,000 Assistant Vice President C. M. Rowland Assistant Cashier, 5,000 Head Office B. A. Chancellor 5,000 Cashier, Houston Branch It is understood that Mr. DeMoss will have direct supervision of the Examination Department under the general supervision of Vice President Evans, and that this assign— ment and the promotion of Mr. DeMoss are part of the develop— illent program to prepare him for the position of officer in Charge of the Bank Examination Department in contemplation of the retirement of Mr. Evans next year. "In view of his new assignment, the Board approves the aPPointment of Mr. DeMoss as an Examiner for the Federal Re— serve Bank of Dallas." Approved unanimously. Letter to the "Van Horn State Bank of Van Horn, Texas", Van Ho I'll) Texas, reading as follows: , "The Board is glad to learn that you have completed ;-0- arrangements for the admission of your bank to the Reserve System and takes pleasure in transmitting he " erewith a formal certificate of your membership. _ "It will be appreciated if you will acknowledge re— eelpt of this certificate." Approved unanimously. rector Memorandum dated October 21, 1944/ from Mr. Goldenweiser, Di— °f the Division of Research and Statistics, recommending payment 10/24/44 -4of a travel voucher in the amount of $68.76 submitted by Frank /S. ''`Illagna, Foreign Statistician at the Federal Reserve Bank of New York, covering expenses incurred by him during the month of September 1944, Pursuant to the arrangement approved by the Board on April 17, 1943. Approved unanimously. Thereupon the meeting adjourned. 6-tAALEjlIP ecretaryj. APproved: :AA! Vice Chairman.
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