Full text of Mimeograph Letters and Statements of the Board : Statement for the Press re Federal Advisory Council Meeting, Number X-3639, Volume 18, Page 124

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124
X-3639
Statement for the press.
For releasa in the morning papers of February

21, 1923.

The Federal .Advisor:;r Cou.."lcil mot on February 19th and 20th with
the Federal Reserve Board for g;c:meral discussion of business and
fin~"lcial conditions in the twelve Federal reserve districts.
~be
meeting was a statutory one and the first meeting of the Council hald
during 1923.
The Council, follo'ving its usual custom, elected officers and
appointed an Executiva Committee to serve during the yeCJr.

Mr. L. L. Rue, of Philadelphia, was
of the Council.

re-;:;J.,~ctecl

President

Mr. Paul M. Warbu:rg, of Ne'N York, was re-elected Vice
Prasident.

The following, members of the Council were nameci to comprise the
Executive Corrmittee:

L. Rue, P. M. Warburg, J~ J. Mitchell, E. F. Swinney,
A. L. Aiken and J. M. Millar, Jr.

Messrs. L.

The personnel of the Council is as follows:
Federal Reserve District #= 1 (:Bostc:1) - Mr. &fred L. Aik;n
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# 2 (New York) - Mr. P. M. Wa.rbu:tg
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# 3 (Philadelphia) - Mr. L. L. Rue
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# .4 (Cleveland) - Mr. C. E.Sulli•J'an
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# 5 (Richmond)- I'Jr.John M.Iviiller, Jr.
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ff 6 (J.tlanta.) - Mr. E. ~J. Lana
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# 7 (Chicago) - Mr. J. J. Hi tchell
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# 5 (St. Louis) - Mr.Festus J. ·,vade
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# 9 (Minneapolis) - Mr.G. H. Prince
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#10 (Kansas City) - Mr. E.F.Swinney
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#11 (Dallas) - Mr. R. L. Ball
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#12 (San Francisco) - Iv1r. D. \7. Twohy
New·merr~ers of the Council are Messrs. 1Ufred L. Aiken and John
M. Miller, Jr., viilO were selected by the :Boards of Directors of the
Federal Reserve Banks of Boston and Richmond to succeed Messrs· Philip
Stockton and J. G. Bro\vn respectively •

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