1937 - Complete Issue (53.5M) - Fraser - Federal Reserve Bank of ...

Eoard o f Governors o f FRSystem: (C ontinued)
Members: (Continued)
Digitized for FRASER
Federal Reserve Bank of St. Louis
U u r r e n c r L ^ i t t e a o f S en ate, r e q u e s te d t o
appear b e fo r e , J u ly 1^ , .
L e g i s l a t i o n , t o d is cu s s pending b i l l s w ith Chairman
S te a g a ll 1 j ^
S ta te m e n t o f anproval o f r a te r e d u c tio n s t o 1 ^ i f r e ­
q u e s t e d by FRBanks d u rin g h is a b sen ce from
Washington
Wagner, Robert F . , Banking and C urrency Committee o f
Senate, Chairman t o c o n fe r w ith , r e r e q u e s ts
o f committee f o r r e p o r ts on b i l l s r e fe r r e d t o i t
McKee, John K .:
A p p lica tion o f P e o p le s Bank o f Potsdam , N. Y ., t o p r e ­
pare recommendation r e , and m a tter o f c o r r e c t io n
by FRBank o f New York o f c r i t i c i z e d m a tters in
S ta te member banks o f Second d i s t r i c t
Appointment as m^nber o f P erson n el Committee extended
t o March 1
Government s e c u r it ie s as c o l l a t e r a l f o r lo a n s and advances,
su g g estion o f p r o v is io n in r e v is io n o f
R egu la tion A f o r g iv in g c r e d it a t par to
R ediscount r a te , in fa v o r o f a p orova l o f r e d u c tio n t o
1^7& i f requested during h is absen ce from Washin
gton
statem ent g iv in g reason f o r approvin g re q u e st o f U nion
Trust Co. t o d is s o lv e C ity C e r t i f i c a t e s C orp ora ­
t io n
S t a t is t ic a l req u ests o f o rg a n iz a tio n s r e la t in g t o m en-
ber banks, su ggestion th a t data be made a v a i l ­
able o n ly through S ta te banking a u t h o r it ie s
Suggestion re amendment to R egu la tion F
Ransom, Ronald, V ice Chairman:
Absence from Washington planned from A p r il 23 u n t i l
about May 1 , cou ld retu rn on d a y 's n o t ic e i f
any a c tio n on member bank re s e r v e req u irem en ts
i s to be con sid ered
In te re st on demand d e p o s its o f p u b lic fu n d s, t o c o n fe r
w ith C om ptroller and FMC on p o s it io n t o be
taken re th ree b i l l s t o extend tim e member banks
may pay
7 /1 5 975
4 /2 7 609
8 /2 0 1167
1 2 / 3 1611
1 2 /1 0 1645
1 2 /2 8 1736
7 /1 5 977
8 /2 7 1199
1 1 /2 2 1550
2 / 9
1 2 /2 1
4 /2 1
2 / 9
252
1691
Manorandum con tain in g l i s t o f o r g a n iz a tio n s which may
m aintain savings d e p o s its in member banks 1 0 /3 0 1479
Regulation Q, S ec. 1 ( f ) , a u th orized t o c o n fe r w ith
members o f Congress r e fo n n u la tio n o f any
le g is la t io n a f f e c t in g , and t o send q u e s tio n ­
n a ire to banks which o b je c t e d to d e f in it io n
o f in te r e s t 1 / 3 0 205
Authorized t o c a l l , w ith Chairman C row ley o f FLIC,
on Senator G lass and Chainnan S te a g a ll and adv
is e then o f jo in t a c t io n in e lim in a tin g d e f i ­
n itio n o f in te r e s t from r e g u la tio n s 2 / 9
586
257