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1486 Minutes of actions taken by the Board of Governors of the 4(leral Reserve System on Friday, September PRESENT: Mr. Mr. Mr. Mr. Mr. 9, 1949. McCabe, Chairman Eccles Szymczak Draper Vardaman Mr. Mr. Mr. Mr. Carpenter, Secretary Sherman, Assistant Secretary Morrill, Special Adviser Thurston, Assistant to the Board Minutes of actions taken by the Board of Governors of the Ileciel 'al Reserve System on September 8, 1949, were approved unanitously. Telegram to Mr. Blair, Counsel and Secretary of the Federal RA ye Bank of Cleveland, reading as follows: "Retel September 8, Board approves effective Septemher 121 1949, minimum rate of 1-3/8 percent per annum on PlIrchases of Government securities under resale agreement ;8 authorized by the Federal Open Market Committee August ir) 1949. Otherwise the Board approves establishment by 'rur Bank, without change, of rates of discount and pur1.11!'" in Bank's existing schedule, advice of which was con"allied in your telegram dated September 8, 1949." Approved unanimously. Tel-egrams to the Federal Reserve Banks of Boston, Richmond, Chic. 'CO, St. Louis, Minneapolis, Eansas City, Dallas, and San Francisco stating that the Board approves the establishment without c444ge by the Federal Reserve Bank of San Francisco on September 6, uy the Federal Reserve Banks of Chicago, Richmond, St. Louis, 1487 9/9/49 -c- 1411111eaPolis, Kansas City, and Dallas on September 8, 1949, and the Federal Reserve Bank of Boston today, of the rates of dise°111A and purchase of their existing schedules. Approved unanimously. Memorandum dated September 7, 1949, from Mr. Millard, Direct01 'of the Division of Examinations, recommending the appointment of 14188 Evelyn H. Cunningham as a stenographer in that Division, with bazi 4-° salary at the rate of $2724.00 per annum, effective as of the clate 11-Don which she enters upon the performance of her duties after 44ving passed the usual physical examination. Approved unanimously. Memorandum dated September 8, 1949, from Mr. Bethea, Direct°1 'Of the Division of Administrative Services, recommending the PPointment of Miss Janet Thompson as a page in that Division, with 1)e-sic salary at the rate of $2,086.00 per annum, effective as Of -"e date upon which she enters upon the performance of her dutie after having passed the usual physical examination. Approved unanimously. Memorandum dated September 8, 1949, from Mr. Thomas, Director -the Division of Research and Statistics, recommending that the' l eeignation of Miss Anne D. Maguire, a clerk in that Division, he' leeePted, to be effective, in accordance with her request, at the lose of business September 9, 1949. 1 RS 9/9/49 _3_ Approved unanimously. Letter to Mr. Smyth, Vice President of the Federal Reserve of Dallas, reading as follows: "In accordance with the request contained in your letter of September 2, .1949, the Board of Governors aPProves the payment of salary to Mr. Winston D. Kelley, Bookkeeper, R. F. C., at the rate of $3036 per annum, 'which rate is above the maximum of the grade in which his position is classified." Approved unanimously.
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