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MEETING NEW JERSEY BANKERS ASSOCIATION THIRD DISTRICT FEDERAL RESERVE RELATIONS COMMITTEE at the FEDERAL RESERVE BANK OF PHILADELPHIA ______________ Friday, November 5, 1965______________ PROGRAM 12:00 p.m. Arrival and Luncheon 1:00 p.m. Discussion of Attached Agenda 3:00 p.m. Adjournment Members of Committee Federal Reserve Bank W. Robert Davis, Treasurer New Jersey Bankers Association President, Camden Trust Company Karl R. Bopp, President Ralph H. Mather, President First National Bank, Princeton James V. Vergari, Vice President David P. Eastburn, Vice President Harry W. Roeder, Vice President George L. Hill, President Salem National Bank and Trust Co. Alexander Denbo, President Mechanics National Bank of Burlington County Raymond L. Steen, President Broad Street National Bank, Trenton Norman T. Clunn, Executive Vice President National Bank of Mantua Clarence B. McCormick, President* Farmers & Merchants National Bank of Bridgeton David C. Melnicoff, Vice President Federal Reserve Bank of Philadelphia * Not attending. Joseph R. Campbell, Vice President Edward A. Aff, Assistant Vice President Raymond Leek, Head of Bank and Public Relations Department NEW JERSEY BANKERS ASSOCIATION nuracirr n e t n u i D iir r nuimn RICHARD LOTHIAN CUSTAVE E. WIEDENMATER ▼. ROBERT DAVIS PrttiJni fruUtiu SiwirtMa Kaùmul Newark à S w w r t Trad Cmmtftwr Em m Prtsidtmt C— < ■ Tiwt C w ytoy Baak N nm k cxcctmvi MAN/kcr.« ROBERT C FORREY ItCMTAllY FRANCES C FOURNIER 499 North Harriaoa Street P. 0. Box S73 P R I N C E T O N , . NE W J E R S E Y 08S40 609 924-5550 watcroa or m u u m n RICHARD B. BENEDICT N J B A Federal Reserve Relations Committee - District #3 Meeting Federal Reserve Bank of Philadelphia 12 noon - Friday, November 5 1. Call to order by Committee Chairman Ralph H. Mather 2, Discussion of recent business developments by David C . Melnicoff, Vice President, Federal Reserve Bank of Philadelphia 3. Discussion of current monetary policy and interest rates by David P . 17 Eastburn, Vice President, Federal Reserve Bank of Philadelphia, including the relation of the discount rate to the prime rate and the effect of political influence on the prime rate. 4« Discussion of implications of new deposit and bank debt instruments by Joseph R. Campbell, Vice President, Federal Reserve Bank of Philadelphia j‘|?^ 5. Observations from the Chief Exam iner, reporting on the trends and developing problems in recent examinations (poor banking practices and credit extensions) . t 6* Discussion of the present coin situation 7. Discussion of the present statu^ of the check clearing process, including M I C R and reciprocal encoding 8 .‘ Discussion of Regulation A , the discount window, consideration of Government Agency issues 9. Discussion of Regulation F - problems of individual banks and 'of the Federal Reserve System under the Regulation 10. Other discussion j^ <i K . JV ^ ^
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