Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Minutes, October 30, 1946, Volume 33, Part 4

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1530

Minutes of actions taken by the Board of Governors of the
Federal Reserve
System on Wednesday, October 30, 1946.
PRESENT:

Mr.
Mr.
Mr.
Mr.

Eccles, Chairman
Ransom, Vice Chairman
Draper
Evans
Mr.
Mr.
Mr.
Mr.

Carpenter, Secretary
Sherman, Assistant Secretary
Morrill, Special Adviser
Thurston, Assistant to the Chairman

Mr. Vardaman's office reported that he was absent from the
on
Ilestern

official business visiting Federal Reserve Banks in the
Part of the United States.
The minutes of
actions taken by the Board of Governors of

the

Federaa
Reserve System on October 29, 1946, were approved unani11101184.

Memorandum dated October 28, 1946, from Mr. Thomas, Director
or the Dion
of Research and Statistics, recommending the appointr4ent °f Miss Mary R. Wilkinson as a clerk in that Division, on a temPol'41'11 indefinite
basis, with basic salary at the rate of $2,168.28
Per
-m4m1, effective
as of the date upon -which she enters upon the
Perrornian _ e
c of her duties after having passed the usual physical
e`1111illation.
The memorandum also stated that Miss Wilkinson was a
tienther of the
thatslorstem. Civil Se *ce Retirement System, and would remain in




Approved unanimously.

10/30/46
Letter to Mr. Sproul, President of the Federal Reserve Bank
of
ti,„
,
Iork, reading as follows:
j"!lle Board appreciates your willingness to permit
Mr.
"o"11 B. Grant of your Bank to continue the work he
"as been doing
for several months with the Board's staff
on R
egulationV matters.
It is suggested that the arrangement for loan of
"
14 Grant's services be continued for a period ending
not later
than December 31, 1946.
"It is understood that ?Idle Mr. Grant is working
for the Board
your Bank rill continue to pay his salary
.1
1 11lich at
present is at the rate of $5,819 per annum and
ohej
ank's regular contributions to the retirement system
01, 14t1s behalf, will pay him a living allowance at the rate
thel a
yon account of his expenses while on duty with
ci :Toil_4111 reimburse him for expenses incurred
Whjle
for the Board. The Board will reimburse
:
8
Bank
for
such
items against monthly vouchers to be
si
mitted. thile traveling in connection with his aswith the Board, the Board will approve payments
arldreasonable amounts spent by him for transportation
as 11(4s1 accaulodations and for such other incidentals
eliare customarily allowed by your Bank for persons traymsa g °n your behalf, not, however, including the cost of
'8.and expenses incidental thereto.
snci qar. Grant's
services have been a distinct value
are glad that this arrangement can be continued
for
the
additional time."

Of

Approved unanimously.
Lett
er to Mr. Peyton, President of the Federal Reserve Bank
nea
P°1ie, reading as follows:
In accordance with the request contained in your
lett
:
pw, r of October 24, 1946, the Board approves the appsj
i:'nent of Karl VanderHorck as an examiner for the
or
Reserve Bank of Minneapolis. Please advise us
and'ne date upon
which the apoointm.ent becomes effective
aalarY rate."




Aporoved unanimously.

1532

"/30/46

-3-

Letter to Mr. Shepard, Federal Reserve Agent of the Federal
aeserve

Bank of Minneapolis, reading as follows:

"In accordance with the requests contained in Mr.
PeYton's letters of October 23, and October 26, 1946,
"!.11e Board of
Governors approves, effective November 1,
t9
,
46, the payment of salaries to the following members
°I the Federal
Reserve Agent's Staff at the rates indicated:
Name
Clayton E. Tillander
John Johnson
Walter S. Ferrian

Annual Salary
Title
k1,6,248
Asst. F. R. Agent
Alternate Asst. F. R.
Agent
4,378
Alternate Asst. F. R.
Agent
4,730"
Approved unanimously.

M

emorandum dated October 28, 1946, from Mr. Thomas, Director
the Di„
'
- 4.8ion of Research and Statistics, recommending, for reasons
qatea .
'
In the
memorand
that $1,000 be added to the printing and

g account in that Division's budget for 1946.
Approved unanimously.
Memorandum dated October 291 1946, from Mr. Bethea, Director
the Division
of Administrative Services, recommending, for the
reasons
stated in the memorandum, that $1,500 be added to the Traysling
j)q)erlses
account in the Board Members' budget,f7 1946.

Of




Approved unanimously.

Secretary.

tI

Chairman.