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FEDERAL RESERVE BOARD Statement f o r t h e P r e s s . February 18,1919. - X-1384 Release f o r morning papers Wednesday, February 19,1919. The Federal Reserve Board having been advised t h a t a t t h e l a s t meeting of the Board of D i r e c t o r s of t h e Federal Reserve Bank of Atlanta t h e r e s i g n a t i o n of Mr. J.A. McCord as Governor of t h a t Bank was accepted; and t h a t Mr. M.B. Wellborn, Chairman of t h e Board and Federal Reserve Agent has been e l e c t e d Governor e f f e c t i v e March 1 s t , has appointed Mr. McCord as Class C D i r e c t o r f o r . a term ending January 1, 1921, and designated him a s Chairman of the Board and Federal Reserve Agent f o r t h e calender year 1919. The Board i s a l s o advised t h a t t h e D i r e c t o r s of the A t l a n t a Bank have elected Mr. L.C. Adelson, A s s i s t a n t Secretary of the Federal Reserve Board and A s s i s t a n t Chief of i t s Division of Audit and Examination, a s Deputy Governor of t h e A t l a n t a Reserve Bank. Mr. Adelson having accepted t h i s p o s i t i o n , h i s connection w i t h t h e Federal Reserve Board w i l l t e r m i n a t e March 1 s t . FEDERAL RESERVE BOARD February 24,1919. X-1386 CONFIRMATION TELEGRAM Federal Reserve Agent, Boston New York Philadelphia Cleveland Richmond. Atlanta Chicago St.Louis Minneapolis Kansas C i t y Dallas San Francisco Beginning Friday February 28 please add in your weekly t e l e g r a p h i c r e p o r t s new item code MUSS giving f o r your bank cont i n g e n t l i a b i l i t y a s endorser on b i l l s rediscounted with or sold t o other Federal Reserve banks. This item w i l l be shown f o r each bank in Board's weekly statement and should l i k e w i s e be shown in your own weekly press statement. Secretary,
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