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1.08 X-6224 FEDERAL RESERVE STATEMENT FOR T~ BOARD PRESS For immediate release: Washington, D. c. January 26, 1929. The Federal Reserve Board announces the appointnent of Mr. Rolla Wells, of St. Louis, as a Class 11 C11 Director of the Federal Reserve Batik of St. Louis for the unexpired term ending December· 31, 1930, and his designation as Chairman of the Board of Directors of the Batik and Federal Reserve Agent. Mr. Wells, who has been serving as Class "B" > Director of the Bank, succeeds Mr. Wm. McC. Martin, whom the Directors have elected as Goverrt't>r•- ..