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FEDERAL RESERVE BANK
OF NEW YORK

Circular No. 2156
December 31, 1940

To all Banks and Trust Companies in the
Second Federal Reserve District:

The board of directors of the Federal Reserve Bank of New York
has accepted the resignation of GEORGE L. HARBISON as president of the
bank, effective at the close of business December 31,1940. Mr. Harrison
has resigned to become president and chief executive officer of the
New York Life Insurance Company, New York, N. Y.
The board of directors, with the approval of the Board of Governors of the Federal Reserve System, has, effective January 1, 1941,
appointed ALLAN SPROUL, First Vice President, to succeed Mr. Harrison
as President, and LESLIE R. ROUNDS, Vice President, to succeed Mr.
Sproul as First Vice President, for the unexpired terms of their
predecessors.




OWEN D. YOUNG,

Chairman.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102