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tAL- At a meeting of the Executive Committee of the Federal Reserve Board held in the office of the Board on Wednesday, September 15, 1920, at 12-45 PRESENT: The Mr. Mr. Mr. P.n., Governor Miller Hamlin Emerson, Assistant Secretary. 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 September 13th, and the status of rediscounts between Federal Reserve Banks as of the same date. Application of the Central National Bank, Albany, Alabama, for authority to accept drafts and bills of exchange up to 1007", of its capital and surplus, under the provisions Of Section 13 of the Federal 'Reserve Act. Tabled for the next regular meeting of the Board. IMPORTS: Dated Sept. 15th, recommending admission of State institution, as set forth in the auxiliary minute book as of this date, subject to the conditions stated in the individual reports attached to the application. Approved. Dated Sept. 11th, recommending approval of salary of *,7,000 per annum for Mr. Burdett Melly as National Bank Examiner in the Second Federal Reserve District. Approved. f )A-3 At 1 P.M., the meeting adjourned.
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