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Minutes of actions taken by the Board of Governors of the
Federal Reserve System on Tuesday, September
PRESENT:

Mr.
Mr.
Mr.
Mr.

14, 1954.

Martin, Chairman
Szymczak
Robertson
Balderston
Mr. Carpenter, Secretary
Mr. Kenyon, Assistant Secretary

Minutes of actions taken by the Board of Governors of the
Federal Reserve System on September 10, 1.954, were approved unanimously.
Minutes of action taken by the Board of Governors of the
Federal Reserve System on September

13, 1954, were approved and the

action recorded therein was ratified unanimously.
Memorandum from Governor Balderston dated September 13, 1954,
recommending that Helen B. Wolcott, Secretary in the Division of Exami—
nations, be transferred to the Board Members' Offices as Secretary to
Governor Balderston, with an increase in her basic salary from

$4,545 to

$5,800 per annum, effective September 14, 1954.
Approved unanimously.
Memoranda from appropriate individuals recommending that the
resignations of the following employees be accepted as indicated:
ItElle and title
llary Ann Nichols,
Clerk—Typist
Charles P. Sturges,
Assistant Federal
Reserve Examiner

Division
Research and Statistics
Examinations

Effective date
September 22, 1954
September 17,

1954 21

Approved unanimously.

a/

Rather than October 23, 1954, as approved by the Board on September
2, 19540




1_320
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9/14/54

Letter to Mr. Armistead, Vice President, Federal Reserve Bank
of Richmond, reading as follows:
In accordance with the request contained in your letter of September 8, 1954, the Board approves the designation
of Evan H. Crowe as a special assistant examiner for the
Federal Reserve Bank of Richmond for the purpose of participating in the examination of State member banks only.




Approved unanimously.