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41

At a regular meeting of the Federal Reserve Board
held in the office of the Board on October 31, 1918, at
11:15 A. M.,

P1L43ENT: Ir. Strauss, presiding
Er.
Mr.
Mr.
Mr.

Hamlin
Miller
Williams
Broderick, Secretary.

The minutes of the meeting of the Board held on
October 29th were read and on motion approved.
The minutes of the meeting of the Executive Committee held on October 30th were read and on motion approved.
The minutes of the meetings of the Gold

xport Com-

mittee held on October 30th and 31st were presented and
approved, and the action therein set forth ratified.
Ibrning business was presented and disposed of as
follows:
Letter dated October 28th, from Whitaker & Company,
St. Louis, suggesting a campaign by member banks of the
Federal Reserve System for the protection of holders of
Liberty Loan Bonds against fraudulent advertisements.
Ordered that copies be furnished to Assistant secretary Leffingwell, Director Franklin of the War Loan Organization, and to the
Capital Issues Committee.
Mr. :Tiller reported that the Board's subscriptions
to various daily and periodical publications were about to




4 f"'

-2expire and suggested that the list be gone over with a
view to curtailing unnecessary subscriptions.
Referred to Mr. Miller with power.
Letter dated October 28th, from John A. Will, Federal Reserve Examiner, asking approval of contract for
lease of office for his use in the Railway Exchange Building, St. Louis, at 425 per month, effective November lat.
Approved.
Application of First !National Bank of Jefferson
City, Llissouri, for the exercise of fiduciary powers.
Referred to Counsel for opinion.
TWO

letters dated October 28th, from Federal Re-

serve Agent at Atlanta, in re compensation of Acting Assistant Federal Reserve Agent Saussy of the Jacksonville
Branch of the Federal Reserve Bank of Atlanta; in re appointment of Cashier of the Jacksonville Branch to succeed
Mr. Stiles, and further in re appointment of J. L. Campbell as Assistant Cashier of the Federal Reserve Bank of
Atlanta.
Referred to Uovernor Harding for attention upon his return.
Mr. Liller brought up the question of purchase of
building site by the Federal Reserve Bank of Chicago.




141'7
-3Ordered tabled pending return of
uovernor Harding.
Discount rate sheets received from various Federal Reserve Banks.

No changes recommended.

Noted.
REPORT OF COMMITTEE NO. 1:
Dated October 31st, recommending admission of State institutions as set forth in the
auxiliary minute book as of this date,
subject to the conditions stated in
the individual reports attached to
each application.
Dated October 30th, recommending that rs. Leila T.
Burnett, Stenographer in the office
of Counsel, be granted indefinite
leave without pay or allowance beginning
:v.ovember 9, 1918.
Approved.
Dated October 30th, recommending appointment of Losers.
R. L. Ott and F. F. Hopp, as telegraph operators in the Washington office of the leased wire system, each
at 4140 per month, effective November
let.
Approved.
Dated October 28th, recommending increase in salaries of
four telegraph operators in the Chicago
office of the leased wire system from
1,600 to 41,680 per annum, effective
November 1st.
Approved.
Dated October 31st, recommending appointment of Ralph
Williams as Office Boy in the Division
of Foreign Exchange at New York at
040 per annum, effective November
4th.
Approved.







At 12:10 P.M., the meeting adjourned.