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5 R-157 BOARD OF GOY]RNORS OF THE FEDERAL RESERVE SYSTEM STATEMENT FOR THE PRESS For immediate release January 7, 1958. The Board of Governors of the Federal Reserve System today announced the appointment of Mr. W. C. Coffey of St. Paul, Minnesota, as class "C" director of the Federal Reserve Bank of Minneapolis for the unexpired portion of the threeyear term ending December 51, 1959, to succeed Mr. F. W. Peck whose resignation as class "C" director has been submitted to the Board and accepted to be effective at the close of January 51, 1958.