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A meeting of the Executive Committee of the Federal Reserve Board Was held in the office of the Board, Se,)tembor 16th, at 10:30 a.m. PRESENT: Vice Governor Platt Mx. Hamlin Ex. Miller Mr. Hoxton, Oecretary. The Vice Governor reported the reserve tositions of the several* Federal Reserve banl:s as at close of business Sertember 13th. Memorandum dated September 15th from Actin;:: Conrtroller of the Currency advising that on I:Ionday morning, Scrotember 10, 1922, at 9 o'cloc the Comptroller of the Currency will issue a call for report of condition of national banks at the close of business on Friday, ST)tember 15, 1922, Noted. Two telegrams dated September 15th froth the Federal Reserve Agent at Ban Francisco reconrending that the Board approve the application of tho IrnDerial Valley Bank of Brawley, California, to absorb the First liatio1i%1 Bank of Braaley and the First National Bank of Calipatria, Ath a view to operating the Calipatria Bank as a branch of the Imperial Valley Bank. Approved. Letter dated September 12th addressed by the Federal Reserve - Lent at Dallas to the Vice Governor, enclosing a copy of a letter written by Judge Ramsey to Mr. Mitchell, setting forth the unsatisfactory ceaditions which exist ih certain portions of the Eleventh Federal Re2Grve District. Also a letter 0eotember 12th from the Federal Reserve 9/16/z2 Again -2- at Dallas addressed to the Secretary of the Board, in vhich Judge 118111sety advised that, in view of a contemplated attendance upon the American Bazkers Association convention in New York, October 2nd_ to 6th, he will be 1)zab1e to get the benefit of the papers that are to be prepared by the several g"ertiors and chairmen under the terms of the Board's circular letter, X-3518, clated September 9, 1922. Upon motion the Secretary was instructed to advise Judge Ramsey of the Board's decision that, in view of the two letters above mentioned, he should remain at his post of duty continuously until the time when it shall be necessary for him to leave Dallas in order to attend the Joint Conference of Governors and Chairmen to be held in Washington on October 10th. OF COT/IITT22 NO. 1 Dated September 15th, Dated. September 9th, Dated September 12th, • Recommending changes in stock at Federal Reserve banks as set forth in the Auxiliary Minute Book of this date. Approved. Recommending action on application for fiduciary po\ ers as set forth in the Auxiliary Minute Book of this date. Approved. Recommending action on application for admission of state banks, subject to the conditions stated in the individual reports attached to the application, as set forth in the Auxiliary Minute Book of this date. Approved. At 11 o'clock the meeting adjourned. Secretary. 4PProved: Vice GOvernor.
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