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R. J. Young, Jr.
5/14 - 16/63
To discuss with attorneys of Federal Reserve Bank of Chicago
their experience in transition to operations under the new
Uniform Commercial Code, to confer with counsel to that Bank
in connection with the adoption of the Uniform Commercial
Code by states in both the Second and Seventh Federal
Reserve Districts, and to review forms, documents and other
instruments used, respectively, by that Bank and by this
Bank in the conduct of day-to-day operations.

Helen M. Burns

San Francisco, Calif. 6/30, 7/1-7/62
To attend the annual meeting of the American Association of
Law Libraries, 1962. Provided an opportunity to become
better informed concerning current developments in law
library techniques, and to become informed concerning systems
of information retrieval, and the application of mechanized
processes to library use.

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1st Half 1963

36

May

J. J. Clarke

36

May

J. J. Clarke

Mexico City, Mexico

(11)

Total

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To deliver lectures in Spanish to a group of approximately
40 trainees of CEMLA on the subject: "Camaras de
Compensacion: Los Instrumentos Negociables y su Cobranza a
Traves del Sistema Bancario de los EE. UU. (Clearing
Houses: Negotiable instruments and their collection through
the banking system of the United States.)

The lectures contributed to a better understanding by
trainees in attendance of law and practices in the United
States in respect of negotiable instruments, and afforded
an opportunity for exchanging ideas and experiences re-
garding matters of interest to the central banking community,
and for establishing and improving contacts with representa-
tives of Latin American central banks, financial institutions
and governmental agencies. The membership includes practi-
cally all of the central banks and monetary authorities of
Latin America, and, as "collaborating members' various
Latin American financial and research institutions besides
the Inter-American Development Bank and the Board of
Governors of the Federal Reserve System.

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25

March

M. N. Trued

Destination

Basle, Paris

and Amsterdam

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Dates of Travel

Transp.

Meals

Lodging

Other

1/9-19/63

$

45.49

$ 38.54 $69.99

$ 28.99

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To attend monthly meeting of central banks at Bank for International Settlements and visits to Bank of France and Netherlands Bank, to consult with officials of foreign central banks on current foreign exchange and gold operations. Facilitated coordination of current operations in most of the major currencies.

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26

June

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To attend monthly meeting of central banks at Bank for International Settlements and visit to Bank of England, to consult with officials of foreign central banks on current foreign exchange and gold operations. Facilitated coordination of current operations in most of the major currencies. As a result of the visit to the Bank of England, obtained up-to-date information on that bank's activities, particularly in the London gold market.

Peter P. Lang

Washington, D. C.

6/5-6/63

To visit State Department, International Monetary Fund, and Board of Governors of the Federal Reserve System. Trip made at request of the State Department, for consultation and report on a proposed program of monetary reform in the Congo (Leopoldville). Assisted the U.S. Government in formulating a position on the Congo Government's plans for adjustment of its exchange rates.

36

May

R. J. Young, Jr.

Buffalo, N. Y. 5/9 - 11/63 To assist Buffalo Branch in negotiations regarding agreement with International Business Machines with respect to the procurement of high-speed electronic check handling equipment by the Branch, render professional legal advice to the officers of the Buffalo Branch during contract negotiations, and to confer with, and advise, such officers in respect of the other pending matters requiring the advice of counsel.

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To attend System's Personnel Conference in Philadelphia.
Provided an opportunity for the Personnel Officers of the
Reserve Banks and the Board of Governors to review and
discuss personnel subjects of current interest. To attend
the last two days of 19th Annual Conference of American
Society of Training Directors at Chicago. Afforded an
opportunity to learn of latest developments and trends in
the fields of organization and manpower training, evalua-
tion of management, development of executive knowledge in
the management sciences, methods and techniques and to
attend lectures on such subjects as motivation, organization
and planning, programmed learning sensitivity training,
communications, listening and the incident process, and to
participate in group work sessions related to such subjects.
Better enabled him to meet responsibilities for developing
in-bank training programs and keeping his superior officers
informed of the latest techniques and developments in the
broad field of manpower planning.

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Training visits to the Bank of England, Bank of France,
Swiss National Bank and National Bank of Belgium to study
foreign exchange markets and operations.

26

May

F. W. Schott

Basle, Zurich,
Paris and London

5/9 - 16/63

To attend monthly meeting of central banks at Bank for International Settlements and visits to Swiss National Bank, Bank of France and Bank of England and to consult with officials of foreign central banks on current foreign exchange and gold operations. Facilitated coordination of current operations in most of the major currencies.

$987.60

$39.00 $92.36 $ 24.64 $1,143.60

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1st Half 1963

30

June

R. W. Stone

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Destination

London, England

Dates of Travel

Transp.

Meals

Lodging

Other

$921.60

$114.27

$287.50

$ 19.20

5/8 - 25/63 To study the operations of the Bank of England and the London discount market. Afforded opportunity to acquire knowledge of the operations of the Bank of England and the London discount market, the relationships between them, and the similarities and dissimilarities between central bank and market operations in London and New York.

3/3 - 8/63

$ 34.07

$ 41.75

$ 41.60

William W. Whealan, Jr. Easton, Bethlehem and Philadelphia, Pa. To visit Lafayette College, Lehigh University and the University of Pennsylvania to recruit college seniors for the Management Training Program at this Bank. Also visited Federal Reserve Bank of Philadelphia. The visits to the three universities resulted in the employment of one of the four campus-recruited men. The visit to the Federal Reserve Bank of Philadelphia, which came between two recruitment days at the University of Pennsylvania, offered an opportunity to observe the personnel operations of another Federal Reserve Bank.

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To attend the 19th Annual Conference of American Society of Training Directors. Afforded an opportunity to learn of latest developments and trends in the fields of organization and manpower training, evaluation of management, development of executive knowledge in the management sciences, methods and techniques and to attend lectures on such subjects as motivation, organization and planning, programmed learning sensitivity training, communications, listening and the incident process, and to participate in group work sessions related to such subjects.

$ 8.25 $109.50

$ 34.10

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$ 8.00 $ 125.42

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Aug.

M. A. Harris

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Chicago, Iı.

Attendance at joint meeting of Subcommittee on Collections and Subcommittee of Counsel on Collections. The Subcommittees are working Subcommittees of the Conference of Presidents of the Federal Reserve Banks and concern themselves with operating and policy matters in the area of the collection of cash and noncash items. The meeting on July 25, 1962 was held for the purpose of considering collection matters, and legal questions related thereto, concerning the collection operations of the Federal Reserve Banks.

R. G. Rouse

Miami, Florida

11/25 - 30/62 To attend convention of Investment Bankers Association in Hollywood, Florida. Afforded opportunity to meet and discuss matters of mutual interest with the Governmental Security Committee of Investment Bankers Association, and members and officers of the association. Mrs. Rouse, whose expenses were paid in full by Mr. Rouse, accompanied her husband.

R. W. Stone

Ft. Lauderdale, Fla. 11/27 - 30/62 To attend Convention of Investment Bankers Association in Hollywood, Florida. The trip resulted in a broadening and deepening of the range of Mr. Stone's contacts in the investment community and afforded an opportunity to acquire information and exchange views on economic and financial matters with a large number of informed persons.

28

March

A. J. Stanton

Minneapolis, Minn.,
Chicago, Ill. and
Kansas City, Kan.

(7)

Total

$109.50

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1/13 - 18/63

$225.25

$225.25

To visit the Federal Reserve Banks of Minneapolis, Chicago and Kansas City, in connection with the check mechanization program, to observe various types of high-speed check handling equipment in operation at such Banks. Observation of the equipment in operation on work similar to that to be done at this Bank provided assistance in the evaluation being made at the Bank to determine the type of equipment to be ordered for use here.

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