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X-7430 FEDERAL RESERVE BOARD STATEMENT FOR THE PRESS For immediate r e l e a s e May 8, 1933. The Federal Reserve Board today announced t h a t the vacancy a t the Federal Reserve Bank of Minneapolis r e s u l t i n g from the death of Mr. John R. M i t c h e l l , Chairman of the Board of D i r e c t o r s and Federal Reserve Agent, w i l l be f i l l e d through the appointment of Mr. John IT. Peyton as a Class C d i r e c t o r of the F e d e r a l Reserve Bank of Minneapolis f o r the remainder of Mr. M i t c h e l l ' s term ending December 31, 1935. Mr. Peyton " i l l "be designated chairman of the hoard of d i r e c t o r s and Federal r e s e r v e a g e n t , and w i l l assume h i s new d u t i e s on May 15, 1933. For more than two years p a s t he has "been serving as Commissioner of Banks of Minnesota.
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