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X-9781 14 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Statement for the Press For immediate release January 7, 1937, The Board of Governors of the Federal Reserve System today announced the following appointments: FEDERAL RESERVE BANK OF CLEVELAND CLASS "C" DIRECTOR: For three-year term ending December 51. 1959: of Columbus, Ohio. Mr. Reynold E. Klages FEDERAL RESERVE BANK OF ST. LOUIS Memphis Branch of the Federal Reserve Bank of St. Louis BRANCH DIRECTOR: For unexpired portion of term ending December 51. 1958: Sherard of Sherard, Mississippi. Mr. Holmes