Regional President Speech

Field Meeting held at Americus Hotel, Allentown, Pa., on Wednesday, April 8, 1959. Thank Frank M. Cline (President, Liberty Bank & Trust Co., Allentown). 1. Great pleasure on behalf of the Federal Reserve Bank to welcome you to the 1959 edition of our Field Meeting Program. 2. You are a large audience. 257 from 84. banks in - Berks County Northampton County Carbon County Schuylkill County Lehigh County (a) I shall limit my introductions of your neighbors to members of the Federal Reserve Relations Committee: (1) Frank M. Cline Pres., Liberty Bank & Trust Co., Allentown (2) John J. McCartney Pres., National Bank of Catasauqua (3) E. H. Byers Cashier, National Bank of Hamburg (4) Harold L. Reese Cashier, Union National Bank, Shenandoah 3» One purpose of meeting is to become better acquainted: I shall ask my colleagues to stand: (1) Ed Aff (2) Evan Alderfer, Economic Adviser (3) Joe Campbell, Bank Examination (4) Ray Leek, Bank Relations (5) Harold Ikeler, Bank Relations and Bank Examination 4* Describe Field Meeting Program. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Allentown Field Meeting, p. 2 AFTER WALLY We move next to Economic Developments and Monetary Policy. Last time I described process of policy formation: Board of Directors meets every two weeks to (a) Determine general policy of Bank and (b) Establish the discount rate. I attend Federal Open Market Committee meeting every three weeks. Preparation for these meetings - (a) Economic Developments and forces. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Karl R. Bopp (1959, April 7). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_19590408_karl_r_bopp

@misc{wtfs_regional_speeche_19590408_karl_r_bopp,
  author = {Karl R. Bopp},
  title = {Regional President Speech},
  year = {1959},
  month = {Apr},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_19590408_karl_r_bopp},
  note = {Retrieved via When the Fed Speaks corpus}
}