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LIBRARY fl,1 fHk ftDEK&i. "FSt'tVE BA'iK Of CLEVELAND F e d e r a l R e s e r v e B a n k o f S t. L o u i s P r e s s R e le a s e ( O f f i c i a l A n n o u n c e m e n t) M r. F o r im m e d ia te r e le a s e A u g u s t 28, 1959 C a r l T . A r l t has be e n a p p o in te d b y th e B o a r d o f D i r e c t o r s as a n A s s i s t a n t V i c e P r e s i d e n t o f t h e F e d e r a l R e s e r v e B a n k o f S t . e f f e c t i v e S e p t e m b e r 1, 1959. L o u is In th a t c a p a c ity he w i l l a s s u m e r e s p o n s i b i l i t i e s i n th e R e s e a r c h D e p a r t m e n t u n d e r th e d i r e c t i o n o f th e V i c e P r e s i d e n t in c h a rg e o f th a t fu n c tio n . M r. A r l t w a s a s s o c ia t e d w i t h th e F e d e r a l R e s e r v e S y s t e m i n th e D i v i s i o n o f R e s e a r c h a n d S t a t is t ic s a t th e B o a r d o f G o v e r n o r s f r o m S e p t e m b e r 1957 u n t i l F e b r u a r y o f t h i s y e a r w h e n h e a c c e p t e d a t e m p o r a r y a s s ig n m e n t as s t a f f e c o n o m is t f o r th e S e n a te B a n k in g a n d C u r r e n c y C o m m itte e . M r. D u r in g h is te n u r e o f s e r v ic e w it h th e B o a r d o f G o v e r n o r s A r l t w a s on l e a v e a s P r o f e s s o r o f E c o n o m i c s a t O b e r l i n C o l l e g e w h e r e he h a d b e e n a m e m b e r o f th e f a c u l t y s in c e 194 0. M o u n t V e rn o n , New Y o rk , he e a rn e d h is A . B . C o rn e ll U n iv e r s ity . A n a tiv e o f he is a g ra d u a te o f C o lg a te U n i v e r s i t y w h e r e d e g re e . H e r e c e iv e d h is P h . D . (E c o n o m ic s ) f r o m