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880 At a meeting of the Federal Reserve Board held in the office of the Board on Vednesday, October 27, 1920, at 11-15 PRMEVT: The Mr. Mr. Mr. Yr. Mr. Governor Platt Liller Hamlin Wills Hoxton, Acting Secretary. Minutes of meeting of the Board held October 26th were read, and on motion approved as amended. Business was presented and disposed of as follows: The Governor reported the reserve positions of the several Federal Reserve Banks as at close of business October 25th, and the status of rediscounts between Federal Reserve Banks as of the sane date. The Governor reported rediscount transactions, pursuant to authority heretofore vested in him: member bank promissory notes secured by Government obligations: rate and 7:-; on commercial paper, as follows: Date Oct.25th Oct.25th Oct.26th Bank Rediscounting Dallas Atlanta St.Louis With Amount Cleveland ,:;13,000,000 4,020,000 Cleveland Philadelphia 4,000,000 Maturities 10-90 days 31-60 days 711oted. Letter dated October 25th from the Railway Loan Ad- E81 woo of loan of visory Committee, recommending approval of form y, under the 1,653,000 to the Maine Central Railroad Compan on Act of 1920. provisions of Section 210 of the Transportati as amended. Approved. Memorandum dated October 25th by Mr. Emerson, Attache at New relative to request by the Russian Financial n Russian York for permission to make shipment of certai opol, Crimea, Treasury bills to General Wrangel at Sebast South Russia. Referred to the Governor with power. REPORTS OF COYMITTEE NO. 1: Federal Dated Oct.26th, recommending change in stock at auxiliary the in forth set as Reserve Bank, date. this of as minute book Approved. of Dated !)ct.27th, recommending approval of appointment Clerk cal Techni as cher Leutbe Scott Mr. W. in the Board's Gold Settlement Division, at a salary of1,560 per annum, effective upon reporting for duty. Approved. $2,500 Dated Oct.27th, recommending approval of salary of per annum for Yr. Morris Blake Mount as Private Secretary to the Comptroller of the Currency, effective October 27,1920. Approved. e from Dated Oct.26th, recommending approval of increas salary the in 1 3,900 per annum ' 3,600 to : ExBank al Nation of Mr. Hal 7oodside as 1920. 1, r Novembe aminer, effective Approved. 882 -3Dated Oct.26th, recommending approval of Salary of :,2,400 Moon as National per annum for Mr. Earl Bank Examiner in the Seventh Federal Reserve District. Approved. Dated Oct.26th, recommending approval of appointment of Er. Frank C. Wood at a salary of .2,760 per annum in the Personnel Department of the Federal Reserve Bank of Richmond, effective October 21, 1920. Approved. Dated Oct. 22d, recommending approval of increase from 045 to 465 per month in the salary of Percy C. Autz as Assistant Voucher Clerk, Federal Reserve Bank of Dallas, effective October 1, 1920. Approved. Other business was presented and disposed of as follows: Upon motion by 11r. Miller, duly seconded and carried, the matter of readjustment of the basic discount rates at all Federal Reserve Banks having a six per cent discount rate, with the exception of those Banks rediscounting for others, was made special order business for the meeting of the Board to be held November 16, 1920. At 12-10 P.M., the meeting adjourned. Acting Secretary. Approved:
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