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R-58 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Statement for the press For release in morning newspapers of August 25, 1957. August 24, 1937. The Board of Governors of the Federal Reserve System today announced the following appointment: FEDERAL RESERVE BANK OF PHILADELPHIA CLASS "C" DIRECTOR: For unexpired portion of term ending December 31. 1959: Mr. Thomas B. McCabe of Swarthmore, Pennsylvania