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R-406 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM STATEMENT FOR THE PRESS For release in morning papers of February 15, 1939. . February 14, 1939. The first meeting of the Federal Advisory Council for 1959 was held on February 13-14. Mr. Walter W. Smith was re-elected President and Mr. Howard A. Loeb was re-elected Vice President. These officers as ex-officio members and Messrs. Steele, Fraser, Hanes and Brown will comprise the Executive Committee. Mr. Walter Lichtenstein was reappointed Secretary. The Council is composed of the following members: Federal Reserve No. 1. Thomas M. Steele, of New Haven, Conn. No. 2. Leon Fraser, of New York, N. Y. No. 3. Howard A. Loeb, of Philadelphia, Pa. No. 4. T. J. Davis, of Cincinnati, Ohio. No. 5. Robert M. Hanes, of Winston-Salem, N. No. 6. Edward Ball, of Jacksonville, Fla. No. 7. Edward E. Brown, of Chicago, 111. No. 8. Walter W. Smith, of St. Louis, Mo, No. S. John Crosby, of Minneapolis, Minn. No. 10. John Evans, of Denver, Colo. No. 11. R. E. Harding, of Fort Worth, Texas. No. 12. Paul S. Dick, of Portland, Ore.
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