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15€ Minutes of actions taken by the Board of Governors of the Federal Reserve System on Wednesday, September 9, 1953. PRESENT: Mr. Mr. Mr. Mr. Mr. Martin, Chairman Szymczak Evans Mills Robertson Mr. Sherman, Assistant Secretary Mr. Kenyon, Assistant Secretary Minutes of actions taken by the Board of Governors of the Federal Reserve System on September 8, 1953, were approved unanimously. Letter to Mr. Leach, Chairman, Conference of Presidents of the Federal Reserve Banks, c/o Federt0. Eeserve Bank of Richmond, prepared in accordance with action taken .stt the meeting on August 23, 1953, ar.reading as follows: The Board would like to suggest that the following topic be placed on the agenda for discussion at the forthcoming Conference of Presidents. "Consideration of the general question of reimbursement to the Federal Reserve Banks for expenses of Fiscal Agency operations, with special reference to the question whether all Fiscal Agency operations for the Treasury and other Government departments and agencies should be performed by the Reserve Banks without charge to the Government." Among other considerations, the question probably would involve discussion of the basis on which any additional Fiscal Agency functions would be undertaken by the Federal Reserve Banks. Approved unanimously. 9/9/2 -2Letter for the signature of the Chairman to the Honorable Homer E. Capehart: Chairman: Joint Committee on. Defense Production, United States Senate, Washington, D. C. : (Attention: Mr. Harold 41, Warren: Clerk, Room ll-C, Senate Office Building) reading as follows: In response to your letter of Auguat 7, 1953 : there is attached, for inclusion in the Proposed report of the Joint Committee on Defense Production 'being prepared pursuant to section 712(b) of the Defense Production Act, as amended, information relating to the operations carried out by the Board under authority of that Act. Approved unanimously. Aasista t c e ary
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