19200112_315p_Minutes.pdf

Lt a special meetin' of the Federal Reserve Board

held in the office of the Board on Monday., January 12, 1920,

at 6-15 P. m.,

fEr.413:72: The GovernorMr. StraussMr. MillerMr. HamlinMr. MoehlerpahMr. Cuapwan, Secretary.

Business was presented and disposed of as follows:

Memorandum by General Counsel dated 1;ecember 3d

in re effect of change of name and location of a member bank

in cornection with alteration of name of payee of bill by the

Texas bank and Trust Company, tiaivestor, Texas.

Voted that the Governor instruct GeneralCounsel to request an opinion in the matter bythe Counsel for the 2ederal Reserve Bank of .Dallas.

Telegram dated January 6th f'rem the Chairman, Federal

Teserve Bank of Dallas, advising of the appointment of :Jr.

L. Ball, Chairman of the Board of Directors of the 7lational

Bunk of Uoiimerce, an ntonio, Txas, as a member of the Fed-

eral .,',dvisory Council to represent the Lleventh Federal Reserve

,.strict for the year 1920i the reelection of Messrs. Kerr,

_tev.art and Gilbert co directors at the 1 Paso Branch, and of

Messrs. Bryan, Andres and Lawder as directors at the tIouston

Branch of that Bank for the year 192'0.

rot ed.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Letter dated January 6th from the President, French-

knerican Banking Corporation, requesting an amendment of its

agreement with the eoard whereby the aggregate of its outstanding

4

acceptances plus the total of all deposits held by it may not

exceed twelve times the emount of its subscribed capital and

rplue, rather than six. times, az under the terms of said

agreement.

Lpprovod.

Application of the southern Lxchunge Sank, Doublin,

Georgia, for membership in the Federal ,I,userve System.

Disapproved by reason of insufficiency ofcapital, in view of population.

Letter dated January 7th from the Federal Reserve

Le.ent t Zt. 1.0111.6, in explanation of item "Officers dinners

.;;60.84" contained in report of e:epenues of that Bank for

7.7.ovember, 1919.

In view of the statement made by Mr. Martin,no objection was made to the expenditure.

Telegram dated January 12th from the Chairman, Fed-

eral Reeerve Bank, of ChieLo, suggesting for coneideratien,

names of two additional directors for the Detroit 31‘anch of

that sank. A discussion developed that through inadvertence

the Board had approved the increase of the number of directors

of the Detroit Branch from five to seven, and on motion duly


Pfl

seconded it was

'Voted tht the Governor advise 1.7,r. Heathof this fact, endeavor to restore the statuscuo of the by-laws of the Detroit Branch in thisrespect.

1*-t- 7 Jan. 12th, recommending admission of .:,tate institutionsas set forth in the a')Liliary minute bookas of tnia Late, subject to the ,:orditionsst-,tod in the indiviaual reports cttachedto each application.

l'pproved.

Dated Jan. .1.)th, recommending Lpproval of application ofLouis L. size to serve at the some time asPresident of the C;th;ens-merican Bank andTrust Company, Tampa, Florida, and as di-rector, First National Bank, ;.t. Petersburg,Florida.

Approved.

Dated Jan. 1 th, recommending approval of appointment of LissD. T. I.!arcier astenorapher and Typewriterat ,1,5o0 per annum in the Division of Re-ports and atatistics, vice L. u. Davis, re-

Lp.L.iroved.

Dated Jn. 9th, submitting resination of John PennintonHalsted as ;=ountant in the Gold jettlementDivision, effective January 15, 192..

1.,ccepted.

Dated Jan. 9th, submittir resicnations of ni65 Daisy H-Herbet and 17,1ss 1,:arie Gordon Ricketts, asClerk- Counters of the Board, assigned tothe Redemption Division of the Office ofComptroller of the Currency, effective at12-30 January 3, 1923, and at closeof business December 26, 1919, respectively.

Accepted.


!4-13

7.7,17§`S

-4-

Lt 4-10 2.L., the meeting adjourned.

Approved:

secretary.

(lover


19200112_315p_Minutes.pdf

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