j-, *fr •& rV BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON 210 B-929 ADDRESS O F F I C I A L C O R R E S P O N D E N C E TO THE BOARD December 11, 19Ul Dear Sir: There is enclosed for ycur information a copy of a lotter from Mr, Claude C, Conn, Director of Personnel, Office of Production Management, to the President of one of the Federal Reserve Banks regarding the transfer from Federal Reserve pay roll to the Office of Production Management pay roll of employees of the Federal Reserve Banks. The procedure outlined by Mr. Conn is agreeable to the Board, Very truly yours, L, P. Bethea, Assistant Secretary. Enclosure TO THE PRESIDENTS OF ALL FEDERhL RESERVE BAFKS Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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j-, *fr •& rV
BOARD OF G O V E R N O R S O F T H E
FEDERAL RESERVE SYSTEM W A S H I N G T O N
210 B-929
A D D R E S S O F F I C I A L C O R R E S P O N D E N C E T O T H E B O A R D
December 11, 19Ul
Dear Sir:
There is enclosed for ycur information a copy of a lotter from Mr, Claude C, Conn, Director of Personnel, Office of Production Management, to the President of one of the Federal Reserve Banks regarding the transfer from Federal Reserve pay roll to the Office of Production Management pay roll of employees of the Federal Reserve Banks. The procedure outlined by Mr. Conn is agreeable to the Board,
Very truly yours,
L, P. Bethea, Assistant Secretary.
Enclosure
TO THE PRESIDENTS OF ALL FEDERhL RESERVE BAFKS
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C O P Y R-929%
December 5> 19k 1
Mr. , Federal Reserve Bank of
Dear Mr, ;
Your letters of November 17, 19^1 > to Messrs, and concerning the employment of Miss
~ by the Defense Contract Distribution Office in , have been referred to the Personnel Branch of the Office of Pro-duction Management, since this office is handling the personnel actions in connection with the transfer from Federal Reserve pay-roll to the Office of Production Management payroll f
The problem involved in the case of Miss ____________ has been raised in many instances in various offices all over the country. Although it is the policy to place all personnel on the payroll of the Office of Production Management who decide to accept an offer to stay with the Defense Contract Distribution Office, we appreciate that strict adherence, to this policy will often work a serious hardship on both the employees concerned and on the Division* A person with considerable equity in the Federal Reserve retirement system is not going to wish to lose these rights without some other very special consideration. However, if such an employee does not stay with the Defense Contract Distribution Division, the Division may be seriously handicapped by the loss of an employee who may be very difficult to replace.
In order to meet this situation and still be as fair to both the individual concerned and the division, it has been decided that in those cases in which the employe is unwilling to give up his interest in the Federal Reserve retirement system, but whose services are urgently needed by the Division, at least until suitable replacement can be appointed and trained, the Office of Production Management will carry these persons on reimbursable basis for a maximum of 6 months. Within 6 months, suitable replace-ments must be obtained, and no extensions will be granted to such reimbursable arrangement.
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As fkr as the Office of Production Management is concerned, each employee of the Federal Reserve system has the privilege of deciding whether or not to accept any offer of employment with the Defense Contracts Distribution Division, It is necessary under the policy outlined above for each person to definitely decide whether or not to accept.
In the case of Miss , it is recommended that if Messrs# and wish to retain her services until someone else can be found to take her place, and if you are willing to 4ntor into such an agreement, an arrangement can be made for 1.3.ss y s services on a reimbursable basis for a period rot to exceed 6 months# Approval for such action will be given by the Office of Production Management# Such a request should be accompanied by a statement outlining the justification for such an arrangement because of the retirement problem involved.
This office greatly appreciates the interest of Kiss as well as irany oth^r employees of the Federal Reserve system, in the program of tha Defense Contract Distribution Division, and hopes that any hardships which may be incurred by individual employees due to this transfer will be reduced to a minimum.
Very truly yours,
Claude C. Conn Director of Personnel
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