Full text of Mimeograph Letters and Statements of the Board : Statement for the Press re Federal Advisory Council Meeting, Number X-4271, Volume 22, Page 150

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

X-4371^^
STATEMBKT FOR TH3 PESSS
February 17, 1925.
For Release in
Morning Papers.
The organization meeting of the Federal Advisory Council was held
yesterday, the membership as constituted for 1925 being as follows:
Federal Reserve District #1 - Boston,

C. A. Morss

#£ - New Yvrk,

P. K. Warburg

TrO - Philadelphia,

L. L. Rue

#4 - Cleveland,

G. A. Coulton

#5 - Richmond,

J. M. 1,Ciller, Jr.

#6 - Atlanta..

Oscar Wells

#7 - Chicago,

F. 0. Wetmore

#6 - St. Louis,

Breckinridge Jones

#9 - Minneapolis,

G. H. Prince

#10 - Kansas City,

E. F. Swinney

#11 - Dallas,

W. M. McGregor

*

#12 - San Francisco, E. S. McKee
Paul M. Warburg was re-elected President and 2. F. Swinney, Vice
President, making them ex-officio members as well of the executive committee.

The remaining four members of the executive committee elected

were C. A. Morss, who was again made Vice Chairman of that committee,
L. L. Rue, J. M. Miller, Jr., and F. 0. Wetmore.
The general conditions in the country and the open market operations of the Federal reserve banks wer6 the main topics of discussion.