Business & Finance: Bank Chief

When Daniel Richard Crissinger resigned as governor of the Federal Reserve Board a fortnight ago (TIME, Sept. 26), President Coolidge was obliged to look about for his successor. S. Parker Gilbert, agent general for reparations, was ineligible because of residence in the New York reserve district from which only one representative is permitted.* Walter S. McLucas of Kansas City declined. The President then appointed 45-year-old Roy A. Young, head of the Minneapolis reserve bank.š As hundreds of telegrams of congratulation poured on to his desk, the new appointee sat down to answer...

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