Full text of Mimeograph Letters and Statements of the Board : Statement for the Press, May 25th., re Appointment of Mr. D. H. G. Penny as Asst. Director of Div. of Foreign Exchange of Federal Reserve Board, Number X-965, Volume 7, Page 568

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x-965

Release for morning
papers of May 25.

The work of the Division of Foreign Exchange of
the Federal Reserve Eoard has developed so rapidly that it has
been found necessary to secure an Assistant Director of that
division.ยท
The Federal Reserve Board has been able to enlist
the serVices of Mr. D. H. G. Penny, who has volunteered to
serve as Assistant Director of F oreign Exchange, and who during his incumbency will receive

l~ave

Irving National Bank, of which he is




of absence from the
Vice~President.