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AA a regular meeting.of the - ederal Aeserve Board Acid in the office of the 3overnor on ...h-idLy, October 26, three .p.m., *Iv Mr. „illiams, r.T.arding, nrcsidins, Delano; r. iller, '...;ecretary. )-, r. 4arb4rL, The minutes of the meetin of the Board held on Oc - ober;-,A were read and, on motion, approved. The minutes of the meetings of the :'Lxeeative 2mAnittee held on October :2-4, 25 and Z6 were presented and, on motion, approved, and the action therein set forth ratified. • On motion of L'.r. 7111er it was voted that h.enceforward the earnins of Aderal deserve banks shall be 1%tblis1ed only ser7A-annally, appearing in the Aderal'eser7ze.Bqlletin on 2ebruary land Jast 1 of each year. Jovernor HardinL7 read a letter tor.'Lewis Pierson epressin3. the Board's approval of the work of the imerican Trade .,.cceptance Joui:cil. The letter W42 alTroved and ordered - sent. The :eoretary of the :oard having state a that he had been invited to become a me'Aber of the Trade Leceptance ;o2n- rerd to • the mat- ci1, %nd in„lqirin:2 the 2.m.rd's t(:.r, it on motiom, voted tht it .;.'LLs 'the sense of the th:_t the cc :try cooI)erL,,te in: everyret.2.onable wtLy beerle nn. bgt th%t 'he with the tive tember of the f.3.e. meomn,117:.., with reff7nce . 10vernor to the dcsired tyre of vaUt to be constrActed J...i.cerve bank ofth-4..nt,, tht he 1.forlA the .,:„.tLnt% the rid, on t:Ae otia, it wa2. -voted, it .. ;.%%c the .'ienoc, of oarci th.t the institAtion ocht to .adopt the best !-..odern st%-n.drdll of constrAction. On reconnendLiAion of the Arvlittee on ;,Adit and. It o rr, tioL, voted th;,.- .t the Governor n:Ac, two r..tion%1 bank c-.;:wine (6,uthorized by the Jomp- tr..11er of the :jarreney) to z-:..ssist in the eaaa1nation of the fit1ent and ',:oqthern F,..Y.11c. of Sz_..litnnah. 7,71;)on recorinend.,..tion of ,Jownittee 7,:o. 6 rh;.,:nec in to at '?edeml Jleserve 3n.k were - &prroved at fol1ow6! .,',..pplications for surrender of stock. ...District 77o. 10. 711ey u171z;.., .36 '66 iipplit.lations for ()r3.2*iinal Stock. 6. District 2irst :atioral cstPalm Bea , . Shares a. 66 66 District 7n, 7, 2eop1es 1,7ationa1 nTh .irst1Tatior.1 7..afntr Vet-:dersly, 00 District 7 0. 9. !armors T.atioal -3an7..; llen'qood AtY. 43. 18 Ball, Idaho. r"otal 9 .. 155 District T.o. 2L..rmers Eational Bank 18 The minutes of the meeting,of,the A!Imittee on Uayton held October 24, were read and, on motion, approved, and the action therein set forth ratified, skz,restel lter for transmission to the:?ederal. serve Bank of or - .ard relative to .)ertain in,inries in reL to the acceptance of_drafts to i- :rovide dollar echLn,3e, Was :resented, and its transmi s,ton aathOrized. Discmant rate sheets (no cnges bc,Jig used far) were i',Tesented by the Secretary of, the BOard4 and,poted* of Jommitteez,. ,_Opmmittee..ro, 1 reported in favor of thri.in the name eeia1 aeserve,-,4sentliborn to. appoint of the 2eden:i1 heserve .7joard.an,additiona.1 eaminer to make examinations of applying tate Oommittee,r0‘ 2 reported the holdirig:„of a. mee....-Lagas r of this date, reL.din,s the minutes of such meeting, which were approved and the action therein set forth ratified, as follo::s: The applications of the following banks for permission to accept ap to 1J(3c! of their paid in capital and sarplas, were approved: • Lialtable ?rust Company of rew York. Hartfor1-4Letna rational Bank, qartford, Conn. The applications of the following banks for stock in the ?ederal Reserve Banks aere considered separately and approved, subject to the conditions enumerated in each particular case: Trast Company, Nemphis,Tenn. Union and Planters Bank rew York, r.Y. The Bank of Lorica, Paoli, Ind. Paoli State Bank, New York, New York Trust company, rew York. Pacific Bank of rew York ?ranklin Bank New York,N.Y. nercantile Bank P Trust .Co. 1A.1,ouis,LTo. Ger-Aan 1.,merican Bank Buffalo,:T.Y. Buffalo Trust company, 'Committees Nos. 3 and 4 presented no reports. Upon recommendation of 7.!r. :Tiller, 7r. O. L. Lov(.land Was designated as a special e:4aminer in the San. Francisco District. Governor 7ardin3 'stated the situation as to the rit7 2roposed establishment .of a branch at Detroit, and, on motion, ' it aas areed tht iie,v;ith 7;11.. :.:111er, visit ;;Ai-,do,- probably on ::onday next, there to confer with the Ade ,L1 aeserve Bank of jhical7;o, and a committee representin3 the Detroit Jlearing House 4-ssoc1ation relative to the proposed branch. 'On motion, at 4.15 p.m. the Board adjourned. ,;hairman. •
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