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A meeting of the Federal JAeserve 3oard was held in the office of the Governor on iqqday, September 21, 1923, at 11:00 a.m. EaT: Governor urissinger hr. Hatt lir. dames Lr. Amningham Lr. JJawes Lr.:6ddy, 11;xecutive Secretary. The reading of the minutes of the previous meeting was dispensed with. The Board voted to reconsider and approve the application of the bederal Trust Company of Kansas kAty for meittersTlip in the Federal reserve 1.*Isten; this action being based upon statements as to the present condition and prosoective business of the applicant, as made by Jr J. -if Case, President of the Federal ,.'rust L;ompany, at a conference held by certain rnembers of the Board on September 21st, prior to this meeting. At this point Ir. Dawes withdrew from the meeting. The Governor submitted a letter dated september 20, 1923, from honorable Garrard 3. 7anstan, Assistant Secretary of the Treasury, in which the Governor is requested to advise i. r. Winston of the position the Federal Reserve Board will take at the hearing before t.e Joint Committee of inquiry On Lembership in the Federal Reserve System. Referred to the Governor with power. The Governor submitted a letter dated September 20, 1923, from nonorable Garrard B. Winston, Assistant secretary of the Treasury, with further reference to his request for copies of the minutes of the meeting of the Federal Itoserve Board. Referred to the Governor with power. 9/21/23 -2- The Governor submitted a letter dated September 20, 1923, from the Vice President of the Citizens irust Company, Buffalo, rev/ York, requesting that an opportunity be afforded the banks of Buffalo to be heard in favor. Of the continuance of the practice of Federal Reserve banks of collecting non-cash items, in the event the Board is seriously considering the discontinuance of this service on the part of the Federal heserve banks. Referred to the Committee on Clearings. At 12:10 p.m. the meeting adjourned. Executive Secre a
@FedFRASER