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43 R-167 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM STATEMENT FOR THE PRESS January 21, 1958. For immediate release The Board of Governors of the Federal Reserve ~stem tod~ announced the appointment of Mr. Rufus C. Branch of Pecan Point, Arkansa~, as a director of the Memphis branch of the Federal Reserve Banlc of St. Louis for the unexpired portion of the term ending December 51, 1940.