LIBRARIAN: Miss Mildred Strand I^^L

Minneapolis, Minnesota

LIBRARIAN: Miss Mildred Strand I^^L ^~ <+ / /-f + j RESEARCH OFFICERS:No V.P•named at present* LIBRARIAN REPORTS TO: Franklin L. Parsons, Director of Research STAFF: Total - 2 Professional - 1 SERVES: Federal Reserve Bank of Minneapolis and banks of the 9th district*

Recently the services have been extended to all business establishments, schools and individuals in economics and finance.

MATERIALS:

Volumes: 4,000

Pamphlets: 500

Added Annually: 100

Vertical file drawers:

Special collections:

Library publicationss

ANNUAL REPORT* No* Published. No.

U5

Rutger's graduate school of banking theses

Library bulletin

PERIODICALS:

Number Received: 170

Number Bound: 12

Disposal of others: Some kept a period of years; others discarded

No* Newspapers: 13 No. Bound or on microfilm: 0

(over)

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

DESCRIPTION OF LIBRARY -

This is a financial library that serves the Federal Reserve Bank of Minneapolis and the banks of the 9th district: covering Minnesota, Montana, North Dakota, South Dakota and parts of Michigan and Wisconsin.

Our subject collection covers banking, economics (agricultural and international), money, finance, Federal Reserve System, Business conditions and statistics, central banking, foreign banks and special releases from the Departments of labor and commerce.

Fifty percent of the Library1s activities are centered around the Research Department and the rest are divided between the member banks and the public. The librarian is directly responsible to the Director of Research. It operates on a flexible budget which is gone over each month by the department head and the Librarian.

The library is open from 8 to 4:15 Monday through Friday.


Files - Federal Reserve bank of Minneapolis

Supervisor: .-liss uertruoe Kleven

Reports to Marc Snther, Assistant Cashier

Source: -questionnaires sent to Ferier*": Reserve Earn: Libraries, 11/C^


FEDERAL RESERVE BANK OF MINNEAPOLIS: OFFICERS

CHAIRMAN GOVERNOR (PRESIDENT)

John H. Rich '• Theodore Wold < 19U - 1924 19U - 1918

Roy A. Young John R. MitchellJ 1919 - 1926

1925 - 1932 V. B. Geery <L J. K Peyton 1927 - 1935 1933 - 1935

W. B. Geery J. N. Peyton 1936 - 1938 1936 - 1951

Vacancy 1939

Walter C. Coffey 1940 - 1945

Roger B. Shepard 1946 - 1953 Oliver S. Powell

Paul E. Miller 1952 -1954

Leslie N. Perrin 1955


FEDERAL RESERVE BANK OF MINNEAPOLIS District No. 9

BOARD OF DIRECTORS: Oct. 1, 19U Class A: E. W. Decker, banker, Minneapolis, Minn. J. C. Bassett, banker, Aberdeen, S. Dak. Hon. L. B. Hanna, Governor and Banker, Fargo, N. Dak.

Class B: F. P. Hixon, lumberman, La Crosse, Vis. F* R. Bigelow, insurance, St. Paul, Minn. Nonnan B. Holter, vholesale hardware, Helena, Mont.

Class C: John H. Rich, mfr., Red Wing, Minn. Chairman and Federal Reserve Agent P. M. Kerst, clearing house examiner, St. Paul, Minn. Vice Chum, and Deputy F.R. Agent John V. Black, vholesale coal merchant, Houghton, Mich.

OFFICERS (Oct. H , 19H) Governor: Theodore Void Member, Federal Advisory Council: C. T. Jaffray Cashier: S. S. Cook Auditor: Frank C. Dunlop Counsel: Hon. A. Ueland, Minneapolis (elected Feb. l/l5) Asst. to Fed. res. Agent: Curtis L. Mosher (July 21/15)


FEDERAL RESERVE BANK OF MINNEAPOLIS: YEAR 1916

DIRECTORS: CLASS A: E. V. Decker

L. B. Hanna J. C. bassett

CLASS tit F. R. Bigelow F. P. Hixon «. B. Holter

CLASS C: John H. Rich Wm. H. Lightner John W. Black

Minneapolis, Minn. Fargo, N. Dak. Aberdeen, S. D. St. Paul, Minn. La Crosse, Vis. Helena, Mont. Red Wing, Minn. St. Paul, Minn. Houghton, Mich,

TERM EXPIRES 1919 1917 1918 1919 1918 1917 1917 1918 1919

MEMBER, FEDERAL ADVISORY COUNCIL: J. P.. Mitchell, St. Paul, Minn,

GOVERNOR: OFFICERS:

Theodore Wold CHAIRMAN: John H. Rich DEPUTY CHAIRMAN: Wm. H. Lightner

ANNUAL REPORT OF FEDERAL RESERVE BOARD, 1916


FEDERAL RESERVE BANK OF MINNEAPOLIS: IEAR 1917

DIRECTORS; TERM EXPIRES CUISS A: B. V. Decker Minneapolis, Minn. 1919

L. B. Henna Fargo, N. Dak. 1920 J. C. Bassett Aberdeen, S. Dak. 1918

CLASS B: F. R. Blgelow St. Paul, Minn. 1919 F. P. Hixon LaCrosse, Wis. 1918 N. B. Holter Helena, Mont. 1920

CLASS C: John H. Rich Red Wing, Minn. 1920 Vm. H. Lightner St. Paul, Minn. 1918 John ¥. BLsck Houghton, Mich. 1919

MEMBER, FEDERAL ADVISORY COUNCIL:

OFFICERS:

J. R. Mitchell, St. Paul, Minn.

GOVERNOR: Theodore Wold CHAIRMAN: John H. Rich DEPUTY CHAIRMAN: Wm. H. Lightner

ANNUAL REPORT OF FEDERAL RESERVE BOARD, 1917 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ITEDERAL RESERVE BANK OF MINNEAPOLIS: FOR THE YEAR 1918

DIRECTORS: CLASS A: E. W* Decker

L» B« Hanna Wesley C* McDovell

CLASS B: F* R. Bigelow F« P* Hixon NOrman B» Holter,

CLASS C: John H» Rich William H* Lightner John w* Black


Chairman and Fed. Res. Agent:

Asst. Fed. Res. Agent:

Minneapolis, Minn. Fargo, N-D* Marion, N-D* St. Paul, Minn. La Crosse, wis. Helena, Mont. Minneapolis St. Paul, Minn. Houghton, Mich.

C. T# Jaffray, Minneapolis, Minnesota

OFFICERS: John H* Rich

Curtis L* Mosher

Governor: Theo. Wold Deputy Governor: R. A* Young

Cashier: S. S- Cook Assistant cashiers: Frank C« Dunlop Gray warren R. E* Towle L* E. Rast

Acting Auditor; L* W. Long

Source: Fourth Annual Report of Minneapolis Bank covering Year 1918 Digitized for FRASER

http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

CHA1CES DURING YEAR 1 9 l 3 :

DIRECTORS: J. C* BASSETT, Aberdeen, S- D«, served since organization of Bank as

Class A Director, retired at close of 1917 and was succeeded toy Wesley C. McDowell of Mation, N*D.

Re-election of F* P« HIXON, La Crosse, wis.,£Lass B Director, fior a 3-year term

Reappointment of WILLIAM H. LIGHTNER, Class C Director, for 3-year term; redesignated Deputy Chairman

in D^c. 1913 Rpy A* Young, Asst. to the Governor, was elected Deputy Governor. In July 1913 L- E^ Rast and R. E» Towle were elected Asst. Cashiers, in Dec. 1913, L. V* Long as wappointed Acting Auditor in place of Howard H* Hall, who

resigned to accept service elsewhere.



DIRECTORS: CLASS A: L. B. Henna

W. C. McDowell Theodore Void

CLASS B: N. B. Holter F. P. Hixon F. R. Bigelow

CLASS C: John H. Rich ¥. H. Lightner C. H. Benedict

Fargo, «. D. Marion, N. D. Minneapolis, Minn. Helena, Mont. La Crosse, Vis. SJc. Paul, Minn. Minneapolis, Minn. St. Paul, Minn. Lake Linden, Mich.

TERM EXFIRES 1920 1921 1922 1920 1921 1922 1920 1921 1922

MEMBER, FEDERAL ADVISORY COUNCIL: C. T. Jaffray, Minneapolis, Minn.

OFFICERS; GOVERNOR: R. A. Young CHAIRMAN: John H. Rich

DEPUTY CHAIRMAw: V. H. Lightner

ANNUAL RErORT OF FEDERAL RESERVE BOARD, 1919



DIRECTORS • • TERM EXPIRES CLASS A: "V. C McDowell

Theodore Wold J. C. Bassett

Marion, *U Dak. Minneapolis, Minn* Aberdeen, S. D.

1921 1922 1923

CLASS B: F. P. Hixon F. R. Bigelov N. B. Holter

La Crosse, Vis. St. Paul, Minn. Helena, Mont.

1921 1922 1923

CLASS C: V. ri. Lightner Ca H. Benedict John H. Pich

St. Paul, Minn. Lake Linden, Mich. Minneapolis, Minn.

1921 1922 1923

MEMBER, FEDERAL ADVISORY COUNCIL: C. T. Jaffray, Minneapolis , Minn.

OFFICERS: GOVERNOR: R. A* Young CHAIRMAN: John H, . Rich

DEPUTY CHAIRMAJH: Wm. H# Light ner



DIRECTORS: TERM EXPIRES CLASS A: Theodore Wold Minneapolis, Minn. 1922

J. ^. Bassett Aberdeen, S. Dak. 1923 Wesley C. McDowell Maidbon, li. D. 1924

CLASS B: F. R. Bigelow St. Paul, Minn* 1922 N. B. Holter Helena, Mont. 1923 F. P. Hixon LaCrosse, Wis. 1924

CLASS C: C. Hany Benedict Lake Linden, Mich. 1922 John H. Rich Minneapolis, Minn. 1923 Homer P. Clark St. Paul, Minn. 1924

MEMBER, FEDERAL ADVISORY COUNCIL: li. H. Prince, St. Paul, Minn.

OFFICERS: GOVERNOR: R. A. Young CHAIRMAN: John H. Rich

DEPUTY CHAIRMAN! i Homer x?t • Clark


FEDERAL RESERVE BANK OF MINNEAPOLIS: JANUARY 1, 1922 DIRECTORS: CLASS A: Bieo.

J. C

CLASS B:

CLASS C:

MEMBER,

C. R. B. P.

1922 1923 1924 1922 1923 1924 1922 1923 1924

FEDERAL ADVISORY COUNCIL: George H. OFFICERS:

Chairman and Federal Reserve Agent: Deputy Chairman Secty., Bd. of Dirs. and Asst. Fed. Res. Agent Asst. Fed. Res. Agent Field Representative Manager, Bank Examination Dept.

Wold Bassett MdDowell Bigelow Bolter Hixon

C. H. Benedict John H. Rich Homer P. Clark

Minneapolis, Minn. Aberdeen* S.D. Marion, N.D. St. Paul, Minn. Helena, Mont. La Crosse, Vis. Lake Linden, Mich. Minneapolis, Minn. St. Paul, Minn.

Prince

John H. Rich Homer P. Clark Curtis L. Mosher J. F. Ebersole Harry Yaeger Fred M. Bailey

Governor: Deputy Governor: Controller: Cashier:

Asst. Cashiers: Gray Varren F. G. Norton

H. C# Core H. F. Brown

R. A. Young W. B. Geery; S. S. Cook S. C. Dunlop

B. V. Moore Andreas Ueland, Legal Counsel


FEDERAL RESERVE BANK OF MINNEAPOLIS; AS OF JAN. 1, 1923 SECTORS: CLASS A: J . C.

V. C, Theo,

CLASS B: N. B, F . P, F . R,

CLASS C:

MEMBER,

Bassett, Aberdeen, S.D. McDowell, Marion, N.D. Wold, Minneapolis, Minn* Holter, Helena, Montana Hixon, LaCrosse, Wis. Bigelov, St* Paul, Minn.

John H. Rich, Minneapolis, Minn Homer P. Clark, St. Paul, Minn. George W. McCormick, Menominee,

FEDERAL ADVISORY COUNCIL:

12/31/23 12/31/24 12/31/25 12/31/23 12/31/2^ 12/31/25 12/31/23 12/31/24

Mich.12/31/25 George H. Prince, Chairman of Board, Merchants National

Bank, St. Paul, Minn. OFFICERS:

Chairman and Federal Reserve Agent: Deputy Chairman: Secretary of Board and Asst. Fed. Res.Agent: Asst. Federal Reserve Agent: Field Representative: Mgr., Bank Examination Department:

John H. Rich Homer P. Clark Curtis L. Mosher J. F. Ebersole Harry Yaeger Fred M. Bailey

GOVERNOR: DEPUTY GOVERNORS:

CONTROLLER:

CASHIER: ASST. CASHIERS: Gray Warren

L. E. Rast

R. A. Young W. B. Geery

S. S. Cook Frank C. Dunlop

B. V. Moore H. C. Core

LEGAL COUNSEL: Andreas Ueland Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

CHANGES DURING 1922: Re-election for 3-year term:

Theodore Wold Class A F. R. Bigelow Class B

Appointment of George ¥• McCormick as Class C Director succeeding C. H. Benedict, resigned, to serve for 3-year term beginning Jan. 1, 1923*

L. E. Rast, formerly asst. cashier of Helena Branch, transferred to Head Office and appointed Assistant Cashier.


FEDERAL RESERVE BANK DIRECTORS* CLASS At Vesley C. McDowell, Marion, N.D*

Theodore Wold, Minneapolis, Minn. J. C. Bassett, Aberdeen, S.D.

CLASS B: F. P. Hixon, La Crosse, Wis. F. R. Bigelow, St. Paul, Minn* N. B. Hoiter, Helena, Mont.

CLASS C: Homer P. Claric, St. Paxil, Minn. George V. McCoimick, Menominee, Mich. John H. Rich, Minneapolis, Minn.

MEMBER, FEDERAL ADVISOR! COUNCIL: George H. OFFICERS:

Chmn. and Fed. Res. Agent: Deputy Chairman: Secretary of Board and Asst.

Fed. Res. Agent: Asst. Fed. Res. Agent: M£r., Bank Examination Dept.i Legal Counsel:

OF MINMEAPOLIS: FOR THE YEAR 1924

1924 1925 1926 1924 1925 1926 1924 1925 1926

Prince, St. Paul, Minn.

John H. Rich

Homer P. Clark

Curtis L. Mosher J. F. Ebersole Fred M. Bailey Andreas Ueland

Governor: Deputy Governors:

Asst. Deputy Governor

Controller: Cashier: Asst. Cashiers:

L. E. Rast Harry H. C. Core W. C.

A. R. Larson

R. A. Yoxing V. B. Geeiy B. V. Moore

Harry laeger

Frank C. Dunlop Gray Varren

Ziemer Langdon


CHANGES DURING 1923:

Re-election for 3 year term from Jan. 1, 1924: J. C. Bassett Class A Director N. B. Holter Class B "

Re-appointment for 3 year teim from Jan. 1, 1924* John H* Rich Class C Director

Reappointment of Geo. H. Prince as mem. of Advisory Council for 1924*


DIRECTORS CLASS A:

FEDERAL RESERVE BANK OF MINNEAPOLIS; FOR THE YEAR 1925

Theodore Wold, Minneapolis, Minn. 1925 J. C. Basseli, Aberdeen, S.D. . 1926 Wesley C. McDovell, Marion, N.D. 1927

CLASS B: F. R. Bigelow, St. Paul, Minn. 1925 N. B. Holter, Helena, Mont. 1926 F. E. Hixon, LaCrosse, Wis. 1927

CLASS C: Geo. W. McConitick, Menominee, Mich. 1925 J* R. Mitchell, Minneapolis, Minn. 1926 Homer P. Clark, St. Paul, Minn. 1927

MEMBER, FEDERAL ADVISORY COUNCIL FOP 1924: George H. Prince, OFFICERS:

St. Paul, Minn.

Chmn. and Fed. Res. Agent: Deputy Chairman: Secretary to Bd. and Asst. Fed. Res. Agent:

Asst. Fed. Res. Agent: Mgr., Bank Exam. Dept.: Legal Counsel: Asst. Counsel:

J. R. Mitchell Homer P. Clark

Curtis L. Mosher J. F. Ebersole

Fred M. Bailey Andreas Ueland Sigurd Ueland

Governor: Deputy Governors:

Asst. Dep. Gov.: Controller: Cashier: Asst. Cashiers:

H. C. Core Harry I. Ziemer

. A. Young W. B. lieexy B. V. Moore

Hariy Yaeger Frank C. Dunlop Gray Warren L. E. Rast W. C. Langdon A. R. Larson


Sept. 10, 1924. Appointment of John R. Mitchell, St. Paul, as Class C. Director to fill faoancy-caused^ by death on May 20 of John Harrison Rich, Chairman of Board and Fed. Res. Agent since organization of the Bank.

Re-election: for 3-year term from Jan. 1, 1925 Wesley C. McDowell Class A F. P. Hixon Class B

Re-appointment for 3 years: Homer p. Clark Class C

E. C. Kibbee, Director of the Fiscal Agency Dept. of Fed. Govt, on premises of tjank resigned effective Dee. 1, 1924-*


FEDERAL RESERVE BANK OF NINNEAPOLIS: XEAR 192b

DIRECTORS; CLASS A: Wesley C McDowell

fa.nl «l. i.eeman J. C. Bassett

CLASS B: John S. Owen Paul «. Myers N. B. Holter

CLASS C: Homer P. Clerk Cieo. W. McCormick John R. Mitchell

Marion, N. Dak. Minneapolis, Minn. Aberdeen, S. D. Eau Claire, Wis. St. Paul, Minn. Helena, Mont. St. Paul, Minn. Menominee, Mich. Minneapolis, Minn.

TERM EXPIRES 1927 1928 1929 1927 1928 1929 1927 1928 1929

MEMBER, FEDERAL ADVISOR! COUNCIL: Theodore Wold, Minneapolis, Minn.

GOVERNOR: OFFICERS:

R. A. !oung CHAIRMAM:

DEPUTY CHAIRMAA:

John R. Mitchell Homer P. Clark


http://fa.nl

FEDERAL RESERVE BANK OF MlJMEAPQLIS: YEAR 1927

DIRECTORS; CLASS A:

CLASS til

CLASS C;

Paul J . Leeman J. C. Bassett Karl J. Farup Paul fl. Myers W. B. Holter John S. Oven Geo. W. McCormick John R. Mitchell Homer P. Clark

Minneapolis, Minn* Aberdeen, S. D. Park River, N. Dak, St. Paul, Minn. Helena, Mont. Eau Claire, Wis. Menominee, Mich. Minneapolis, Minn. St. Paul, Minn.

MEMBER, FEDERAL ADVISORY COUNCIL: Theodore Wold, Minneapolis, Minn,

OFFICERS: LiUVEraNOR;: W. B. Geery CHAIRMAN:

DEPUTY CHAIRMAN:

TERM EXPIRES 1928 1929 1930 1928 1929 1930 1928 1929 1930

John R. Mitchell Homer P. Clark

AMUAL REPORT OF FEDERAL RESERVE BOARD, 1927 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE BANK OF MINNEAPOLIS: XEAR 1928

DIRECTORS: TERM EXPIRES CLASS A: J. C. Bassett Aberdeen, t>. D. 1929

Karl J. Farup Park River, «. D. 1930 Paul J. Leeman Minneapolis, Minn. 1931

CLASS B: fl. 3. Bolter Helena, Mont. 1929 John S. Owen Eeu Claire, Eis. 1930 Paul H. Myers St. Paul, Minn. 1931

CLASS C: John R. Mitchell Minneapolis, Minn. 1929 Homer P. Clark St. Paul, Minn. 1930 Ueo. V. McCormick Menominee, Mich. 1931

MEMBER, FEDERAL ADVISORY COUNCIL: Theodore Wold, Minneapolis, Minn.

OFFICERS: UOVERNOR: W. B. Ueery CHAIRMAM: John R. Mitchell

DEPUTE CHAIRMAttJ : Homer P, . Clark

AIM UAL REPORT OF FEDERAL RESERVE BOARD, 1928 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


DIRECTORS; TERM EXPIRES CLASS A: J. C. Bassett Aberdeen, S. D. 1929

Karl J. Farup Park River, N. 1). 1930 Paul J. Leeman Minneapolis, Minn. 1931

CLASS B: N. B. Holter Helena, Mont. 1929 John S. Owen Eau Claire, Wis. 1930 Vacancy 1931

CLASS C: John R. Mitchell Minneapolis, Minn. 1929 Homer P. Clark St. Paul, Minn. 1930 Ueo. W. McCormick Menominee, Mich. 1931

MEMBER, FEDERAL ADVISORY COUNCIL: Theodore Wold, Minneapoli s, Minn.

OFFICERS: GOVERNOR: ¥. B. Ueery CHAIRMAN: John R. Mitchell

DEPUTY CHAIRMAN: Homer P. . Clark

ANNUAL REPORT OF BOARD OF GOVERNORS, 1929 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE BAflK OF MIMEAFLLIS: IEAR 1930

DIRECTORS • • TERM EXPIRES CLASS A: Karl J. Farup Park River, to. Dak* 1930

Paul J. Leeman Minneapolis, Minn, 1931 J. C# Bassett Aberdeen, S. Dak. 1932

CLASS B: John S. Owen Eau Claire, Wis. 1930 W# 0. Washburn St. Paul, Minn. 1931 to. B. Holter Helena, Mont. 1932

CLASS C: Homer P. Clark St. Paul, Minn. 1930 George W. McCormick Menominee, Mich. 1931 John R. Mitchell Minneapolis, Minn. 1932

MEMBER, FEDERAL ADVISORY CO'JWCIL: George H. Prince, St. Paul, Minn.

OFFICERS: GOVERNOR: V. B. Geeiy CHAIRMAN: John R. Mitchell

DEPUTY CHAIRMAN: Homer P< . Cxark



DIR3CT0RS: TERM EXPIRES CLASS A: P. J. Leeman Minneapolis, Minn. 1931

H. R. Kibbee Mitchell, S. Dak. 1932 H. C. Hansen Churchs Ferry, N. Dak. 1933

DLASS B; W. 0. Washburn St. Paul, Minn. 1931 J. E. O'Connell Helena, Mont. 1932 John S. Oven Eau Claire, Wis. 1933

CLASS 0: Ueorge W. McCormick Menominee, Mich. 1931 John R. Mitchell Minneapolis, Minn. 1932 Homer P. Clark St. Paul, Minn. 1933

MEMBER, FEDERAL ADVISORY COUNCIL: lieorge H. Prince, St. Paul, Minn.

OFFICERS i: GOVERNOR: V. B. Ueery CHAIRMAN: John R. Mitchell

DEPUTY CHAIRMAN: Homer P . Clark


FEDERAL RESERVE BAM. OF MlflWEAFLLIS: XEAR 1932

DIRECTORS: TERM EXPIRES CLASS A: H. R. Kibbee Mitchell, S. Dak. 1932

H. C. Hansen Churches Ferry, N. Dak. 1933 P. J. Leeman Minneapolis, Minn. 1934

CLASS B: J. E. O'Connell Helena, Mont. 1932 J. S. Owen Eau Claire, Wis. 1933 W. 0. Washburn St. Paul, Minn. 1934

CLASS C: J. R. Mitchell Minneapolis, Minn. 1932 H. P. Clark St. Paul, Minn. 1933 U. W. McCormick Menominee, Mich. 1934

MEMBER, : FEDERAL ADVISOR! COJWCILi Theodore Wold, Minneapolis, Minn.

OFFICERS: GOVERNOR: W. B. (ieery CHAIRMAN: J. R. Mitchell

DEPUTY CHAIRMAM: H. P. Clark


FEDERAL RESERVE BAM. OF MINNEAPOLIS: YEAR 1933

DIRECTORS: TERM EXPIRES CLASS A: H. C. Hansen Churchs Ferry, N. Dak* 1933

P. J. Leeman Minneapolis, Minn. 1934 H. R. Kibbee Mitchell, S. Dak. 1935

CLASS b: J. S. Owen Eau Claire, Vis. 1933 W. 0. Washburn St. Paul, Minn. 1934 J. E. OfConnell Helena, Mont. 1935

CLASS C: H. P. Clark St. Paul, Minn. 1933 U. W. McCormick Menominee, Mich. 1934 J. N. Peyton Minneapolis, Minn. 1935

MEMBER, FEDERAL ADVISORY COUNCIL: Theodore Wold, Minneapolis, Minn.

OFFICERS: GOVERNOR: W. b. (ieeiy CHAIRMAN: J. w. Peyton

DEPUTT CHAIRMAN: H. P. Clark



DIRECTORS: CLASS A: M. 0. Grangaard

H. R. Kibbee H. C. Hansen

CLASS B: W. 0. Washburn J. E. O'Connell A. P. Funk

CL4SS C: »•». W. McCormick J. W. Peyton H. P. Clark


Minneapolis, Minn. Mitchell, S. Dak. Churchs Ferry, W. Dak. St. Paul, Winn. Helena, Mont. La Crosse, Vis. Menominee, Mich. Minneapolis, Minn. St. Paul, Minn. Theodore Wold, Minneapolis, Minn.

OFFICERS: GOVERNOR: W. B. Ueery

TERM EXPIRES 1934 1935 1936 1934 1935 1936 1934 1935 1936

CHAIRMAN: «>. N. Peyton DEPUTY CHAIBMAw: H. P. Clark


FEDERAL RESERVE BAMK OF MlflWEAPOLIS: IEAR 1935

DIRECTORS; TERM EXPIRES CLASS A: H. R. Kibbee Mitchell, S. Dak. 1935

H. C. Hansen Churchs Ferry, w. Dak. 1936 M. 0. Grangaard Minneapolis, Minn. 1937

CLASS B: J. E. O'Connell Helena, Mont. 1935 A. P. Funk La Crosse, Vis. 1936 W. 0. Washburn St. Paul, Minn. 1937

CLASS Cz J. w. Peyton Minneapolis, Minn. 1935 H. P. Clark St. Paul, Minn. 1936 G. W. McCormick Menominee, Mich. 1937

MEMBER, ] FEDERAL ADVISORY COUNCIL: Theodore Wold, Minneapolis, Minn.

OFFICERS: GOVERNOR: W. B. Geery CHAIRMAN: J. N. Peyton

DEPUTY CHAIRMAN: a. P. Clark

ANWUAL REPORT OF FEDERAL RESERVE GOVERNORS, 1935 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


DIRECTORS; TERM EXPIRES CLASS A: H. C. Hansen Churchs Ferry, N. Dak. 1936

M. 0. (irangaard Minneapolis, Minn. 1937 H. R. Kibbee Mitchell, S. Dak. 1938

CLASS B: A. P. Funk La Crosse, Wis. 1936 W. 0. Washburn St. Paul, Minn. 1937 J. E. O'Connell Helena, Mont. 1938

CLASS C: H. P. Clark St. Paul, Minn. 1936 li. W. McCormick Menominee, Mich. 1937 W. B. Ueery Minneapolis, Minn. 1938

MEMBER, FEDERAL ADVISOR* COUNCIL: Theodore Wold, Minneapolis, Minn.

OFFICERS: PRESIDENT: J. N. Peyton CHAIRMAN: W. a, ueery

DEPUTY CHAIRMAN: H. P. Clark



DIRECTORS: TERM EXPIRES CLASS A: M. 0. Grangaard Minneapolis, Minn. 1937

tt. K. Kibbee Mitchell, S. D. 1938 H. C. Hansen Churchs Ferry, N. D. 1939

CLASS B: W. 0. Washburn St. Paul, Minn. 1937 J. E. O'Connell Helena, Mont. 1938 A. P. Funk LaCrosse, Vis. 1939

CLASS C: G. W. McCormick Menominee, Mich. 1937 ¥. B. Geery Minneapolis, Minn. 1938 F. V. Peck St. Paul, Minn. 1939

MEMBER, : FEDERAL ADVISORI COUNCIL: John Crosby, Minneapolis, Minn.

OFFICERS: PRESIDENT: J. W. Peyton CHAIRMAN: V. B. Geery

DEPUTY CHAIRMAw: (Vacant)

AMUAL REPORT OF BOARD OF GOVERNORS, 1937


FEDERAL RESERVE BANK UF MINNEAPOLIS: XEAR 1938

DIRECTORS: TERM EXiTRES CLASS A: H. R. Kibbee Mitchell, S. D. 1938

H. C. Hansen Churchs Ferry, N. D. 1939 M. 0. Grangaard Minneapolis, Minn. 1940

CLASS B: J. E. O'Connell Helena, Mont. 1938 A. P. Funk La Crosse, Wis. 1939 ¥. 0. Washburn St. Paul, Minn. 1940

CLASS C: ¥. B. Geery Minneapolis, Minn. 1938 ¥. C. Coffey St. Paul, Minn. 1939 ¥. D. Cochran Iron Mountain, Mich. 1940

MEMBER, FEDERAL ADVISORY COUNCIL: John Crosby, Minneapolis, Minn.

OFFICERS: PRESIDENT: J. N. Peyton CHAIRMAN: ¥. B. Geery FIRST VICE PRES.: 0. s. Powell DEPUTY CHAIRMAN! i (Vacant)


FEDERAL RESERVE BANK OF MINNEAH)LIS; YEAR 1939

DIRECTORS: TERM EXPIRES CLASS A: H. C. Hansen Churchs Feriy, N. D. 1939

Melvin 0. Grangaard Minneapolis, Minn* 1940 James R. McKnight Pierre, S. D. 1941

CLASS B: Albert P. Punk LaCrosse, Wis* 1939 William 0. Washburn St. Paul, Minn. 1940 James E. OfConnell Helena, Mont# 1941

CLASS C: Walter C. Coffey St. Paul, Minn. 1939 William D. Cochran Iron Mountain, Mich. 1940 Roger B. Shepard St. Paul, Minn. 1941

MEMBER, FEDERAL ADVISORY COUNCIL: John Crosby, Minneapolis, Minn.

OFFICERS: PRESIDENT: John N. Peyton CHAIRMAN: (Vacant) FIRST VICE PRES.: Oliver S. Powell DEPUTY CHAIRMAN: Walter C . Coffey VICE PRESIDENTS: Ernest W. Swanson

Harry I. Ziemer (also Cashier)



DIRECTORS: CLASS A: Melvin 0. lirangaard

James R. McKnight Fred D. McCartney

CLASS B: William 0. Washburn James E. O'Connell Albert P. Funk

CLASS C: William D. Cochran Roger B. Shepard Walter C. Coffey

Minneapolis, Minn. Pierre, S. D. Oakes, N. D. St. Paul, Minn. Helena, Mont. LaCrosse, Wis. Iron Mountain, Mich. St. Paul, Minn. St. Paul, Minn.

TERM EXPIRES 1940 1941 1942 1940 1941 1942 1940

19a 1942

MEMBER, FEDERAL ADVISORY COUNCIL: John Crosby, Minneapolis, Minn,

PRESIDENT: FIRST VICE PRES.: VICE PRESIDENTS:

OFFICERS: J. N. Peyton 0. S. Powell E. W. Swanson Harry I. Ziemer (also

Cashier)

CHAIRMAN: DEPUTY CHAIRMAN:

Walter C. Coffey Roger B. Shepard



DIRECTORS: CLASS A: J. R. McKnight

F. D. McCartney S. S. Ford

CLASS B: J. E. O'Connell Albert P. Funk Homer P. Clark

CLASS C: Roger B. Shepard ¥. C. Coffey W. D. Cochran

Pierre, S. D. Oakes, N. D. Minneapolis, Minn. Helena, Mont. LaCrosse, Wis. St. Paul, Minn. St. Paul, Minn. Minneapolis, Minn. Iron Mountain, Mich.

TERM EXPIRES 1941 1942 1943

19a 1942 1943 1941 1942 1943 MEMBER, FEDERAL ADVISORY COUNCIL: Lymen E. Wakefield, Minneapolis, Minn.

OFFICERS: PRESIDENT: J. M. Peyton FIRST VICE PRESIDENT: 0. S. Powell VICE PRESIDENTS: E. W. Svanson

Harry I. Ziemer (also Cashier)

CHAIRMAN: W. C. Coffey DEPUTY CHAIRMAN: Roger B. Shepard



DIRECTORS; CLASS A: F. D. McCartney

S. S. Ford J. R. McKnight

CLASS B: Albert P. Funk Homer P. Clark J. E. UfConnell

CLASS C: W. C Coffey W. D. Cochran Roger B. Shepard

MEMBER, FEDERAL ADVISORY COUNCIL

Oakes, N. D. Minneapolis, Minn. Pierre, S. D. LaCrosse, Vis. St* Paul, Minn. Helena, Mont. Minneapolis, Minn. Iron Mountain, Mich. St. Paul, Minn. : Lyman E. Wakefield, Minneapolis, Minn.

TERM EXPIRES 1942 1943 1944 1942 1943 1944 1942 1943 1944

i'EESIDENT: FIRST VICE PRES.: VICE PRESIDENTS:

OFFICERS: J. N. Peyton 0. a. Powell A. V. Mills (Cashierj E. V. Svanson Arthur R. Upgren Hariy I. Ziemer


V. C. Coffey Roger B. Shepard



DIRECTORS: TERM EXPIRES CLASS A: S. S. Ford Minneapolis, Minn. 1943

J. R. McKnight Pierre, S. D. 1944 F. D. McCartney Oakes, N. D. 1945

CLASS B: Homer P. Clark St. Paul, Minn. 1943 J. E. O'Connell Helena, Mont. 1944 Ray C. Lange Chippeva Falls, Wis. 1945

CLASS C: W. D. Cochran Iron Mountain, Mich. 1943 Roger B. Shepard St. Paul, Minn. 1944 W. C. Coffey Minneapolis, Minn. 1945

MEMBER, FEDERAL ADVISORY COUNCIL: Lyman E. Wakefield, Minneapol is, Minn.

OFFICERS:

PRESIDENT: J. N. Peyton CHAIRMAN: » W. C. Coffey FIRST VICE PRES.: 0. S. Powell DEi-JTY CHAIRMAN: Roger B. Shepard VICE PRESIDENTS: A. V. Mills (Cashier)

Otis R. Preston E. W# Svanson Sigurd Ueland A* R* Upgren Harry I. Ziemer


FEDERAL RESERVE BAM OF MINNEAPOLIS: YEAR 1944

DIRECTORS: CLASS A: J. R. McKnight

F. D. McCartney S. S. Ford

GLASS B: J. E. O'Connell Ray C. Lange Homer P. Clark

CLASS C: Roger B. Shepard W. C. Coffey W. D. Cochran

Pierre, S. D. Oakes, N. D. Minneapolis, Minn. Helena, Mont. Chippewa Falls, Wis. St. Paul, Minn. St. Paul, Minn. Minneapolis, Minn. Iron Mountain, Mich,

TERM EXPIRES 1944 1945 1946 1944 1945 1946 1944 1945 1946

MEMBER, FEDERAL ADVISORY COUNCIL: Lyman E. Wakefield, Minneapolis, Minn.

PRESIDENT: FIRST VICE PRES. VICE PRESIDENTS:

OFFICERS: J. N. Peyton 0. S. Powell A. W. Mills (Cashier; Otis R. Preston E. W. Swanson Sigurd Ueland A. R. Upgren Harry I. Ziemer

UHAIRMAW: DEPUTY CHAIRMAW:

W. C. Coffey Roger B. Shepard



DIRECTORS; CLASS A:

CLASS B:

CLASS C:

F* D. McCartney Clarence E. Hill J. R* McKnight Ray C. Lange homer P# Clark J. E. O'Connell W. C. Coffey W. D. Cochran Roger B. Shepard

Oakes, N. D. Minneapolis, Minn. Pierre, S# D. Chippewa Falls, Wis* St. Paul, Minn. Helena, Mont. Minneapolis, Minn. Iron Mountain, Mich. St. Paul, Minn*

MEMBER, FEDERAL ADVISORY COUNCIL: Julian B. Baird, St. Paul, Kinn.

TERM EXPIRES 1945 1946 1947 1945 1946 1947 1945 1946 1947


OFFICERS: J.N. Peyton 0. b. Povell H. G. McConnell A. W. Mills (Cashier^ Otis R. Preston E. V. Svanson Sigurd Ueland riarry I. Ziemer

CHAIRMAN: V. C. Coffey DEPUTY CHAIRMAN: Roger b. bhepard

ANwUAL REPORT OF BOARD OF GOVERNORS, 1945 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


DIRECTORS; CLASS A: Clarence E. Hill

J, R. McKnight F. D. McCartney

CLASS B: Homer P. Clark J. E. O'Connell Ray C. Lange

CLASS C: V. D. Cochran Roger B. Shepard Paul E. Miller

Minneapolis, Minn. Pierre, S* D. Oakes, N. D. St. Paul, Minn. Helena, Mont. Chippewa Falls, Wis* Iron Mountain, Mich. St. Paul, Minn. Minneapolis, Minn.

TERM EXPIRES 1946 1947 1943 1946 1947 1943 1946 1947 1948

MEMBER, FEDERAL ADVISORY COUNCIL: Julian b. Baird, St. Paul, Minn,


OFFICERS: J. N. Peyton CHAIRMAN: 0. fc>. Powell DEP. CHAIRMAN: H. U. McConnell A. V. Mills (Cashier; Otis R. Preston E. V. Swanson Sigurd Ueland Harry I. Ziemer

Roger B. Shepard V. u. Cochran


FEDERAL RESEBBTE BANK OF MINNEAPOLIS: YEAR 1947

DIRECTORS: CLASS A: J . R. McKnight

F. D. McCartney Clarence E. Hill

CLASS B: J. E. O^onnell Ray C* Lange Homer P. Clark

CLASS C: Roger B. Shepard Paul E. Miller W. D. Cochran

Pierre, S. D. Uakes, N. D. Minneapolis, Minn, Helena, Mont. Chippewa Falls, Wi St. Paul, Minn. St. Paul, Minn. Minneapolis, Minn. Iron Mountain, Mich IL: Henry E# Atwoo<

s.

TERM EXPIRES 1947 1948 1949 1947 1948 1949 1947 1948 1949

MEMBER, FEDERAL ADVISORY COUNCIL: Henxy E# Atwood, Minneapolis, Minn,


OFFICERS: J. N. Peyton 0. b. Powell H. U# McConnell A. V. Mills (elso Cashier; Otis R. Preston R. E. Towle Sigurd Ueland Harry I. Ziemer

CHAIRMAN: Roger B. Shepard DEi-UTX CHAIRMAN: W# D. Cochran

ANNUAL REPORT OF BOARD OF UOVERNORS, 1947 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE BAaK OF MINNEAPOLIS: YEAR 194#

DIRECTORS; CLASS A: F. D. McCartney

Clarence E. Hill J. K. McKnight

CLASS b: Ray C. Lange Homer P. Clark Walter H. McLeod

CLASS C: Paul E. Miller V. 1). Cochran Roger £. Shepard

MEMBER, FEDERAL ADVISORY COUNCIL: Heniy £. Atvood, Minneapolis, Minn.

Oakes, N. D. Minneapolis, Minn. Pierre, S. D. Chippeva Falls, Wis. St* Paul, Minn. Missoula, Mont. Minneapolis, Minn. Iron Mountain, Mich. St. Paul, Minn.

TT . U W. A .

TERM EXPIRES 1948 1949 1950 1948 1949 1950 1948 1949 1950

PRESIDENT: FIRST VICE i'RES.i VICE fRESIDENTS:

OFFICERS: J. N. teyton 0. S. Powell H. U. McConnell A. V. Mills (also Cashier; Otis K. Preston R. E. Towle Sigurd Ueland Harry I. Ziemer

ChAlKKAtt: DikUTX CdAIflMAN:

Roger £. Shepard W. D, Cochran


FEDERAL RESERVE BAaK OF KIHWEAPOLIS: YEAR 1949

DIRECIORS: CLASS A: Clarence E. Hill

J. R. McKnight C. W. Burges

CLASS B: Homer P. dark Walter H. McLeod Ray C. Lange

CLASS C: W. D. Cochran Roger B# Shepard Paul *-. Miller

Minneapolis, Minn. Pierre, S. D. Edgeley, w. D. St. Paul, Minn. Missoula, Mont. Chippewa Falls, Vis. iron Mountain, Mich. St. Paul, Minn. St. Paul, Minn.

TERM EXPIRES 1949 1950 1951 1949 1950 1951 1949 1950 1951

MEMBER, FEDERAL ADVISOR! COUNCIL: Heniy *. Atvood, Minneapolis, Minn,

PRESIDENT: FIRST VICE HffiS.: VICE PRESIDENTS:

OFFICERS: J. N. Peyton 0. S. Powell H. li. McConnell A. V. Mills (also CashierJ utis R. Preston it. E. Towle Sigurd ueland

CHAlKMAa: Roger a. Shepard DEFUTI CriAIRMAfl: W. U. Cochran

AAttUAL REPORT OF BOARD OF UOVERAOHS, 1949 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


DIRECTORS; CLASS A: J. R. McKnight

C. W. Surges Arthur h. Quay

CLASS tf: Walter a. McLeod Kay C. Lange Homer P. Clark

CLASS C: Roger b. Shepard Paul E. Miller W. D. Cochran

Pierre, S. D. Edgeley, N. D. Minneapolis, Minn. Missoula, Mont. Ohippeva Falls, Wis. St. Paul, Minn. St. Paul, Minn. *t. Paul, Minn. Iron Mountain, Mich.

TERM EXPIRES 1950 1951 1952 1950 1951 1952 1950 1951 1952

MEMBER, FEDERAL ADVISOKX COUNCIL: Joseph F. Kingland, Minneapolis, Minn.

PRESIDENT: F1HST VICE PKES.: VICE PRESIDENTS:

OFFICERS: J.N. feyton A. W. Mills K. C. Core C. W. vjroth E. t5. Larson K. u. McConnell Otis A. Preston Sigurd Ueland

CrlAlKMAN: Koger u. Shepard D£rUTI CHAIRMAN: W. D. Cochran

ANNUAL KEK)RT OF BOARD OF (iOVERNORS, 1950 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


DIRECTORS: TERM JOPIRES CLASS A: C. V. Burges Edgeley, N. D. 1951

Vacancy 1952 H. N. Thomson Presho, b (. u. 1953

CLASS B: Ray C. Lange Chippewa *alls, Vis. 1951 Homer P. Clark St. Paul, Minn. 1952 W. A. Denecke Bozeman, Mont. 1953

CLASS C: Paul E. Miller St. Paul, Minn. 1951 F. A. Flodin Iron Mountain, Mich. 1952 Roger B. Shepard St. Paul, Minn. 1953

MEMBER, FEDERAL ADVISORY COJNCIL: Joseph F. Ringland, Minneapolis, Minn.

OFFICERS: P&ESIDENII J. N. Peyton CHAIRMAN: Roger B. Shepard FIRST VICE PRES.: A. W. Mills DEPUTY CHAIRMAN: Vacancy VICE PRESIDENTS: H. C. Core

C. W. Groth E. B. Larson H. G. McConnell Otis R. Preston M. H. Strothman, Jr. Sigurd Ueland


FEDERAL RESERVE BAAK OF MliMEAPOLIS: XEAR ±952

DIRECTORS; CLASS A: Edgar F. Zelle

H. N. Thomson C. V. Burges

CLASS B: Homer P. Clark W. -A. Denecke Ray C. Lange

CLASS C: F. A. Flodin Roger B. Shepard Paul E. Miller

MEMBER, FEDERAL ADVISOR! COUNCIL

Minneapolis, Minn. Presho, S. D. Edgeley, «. D. St. Paul, Minn. Bozeman, Mont. Chippeva Falls, Wis. Iron Mountain, Mich. St. Paul,Winn. St. Paul, Minn. : Joseph F. Ringland, Minneapolis, Minn.

TERM EXPIRES xy52 1953 1954 1952 1953 1954 1952 1953 1954


OFFICERS: 0. S. Powell A. ¥. Mills H. C. Core E. B. Larson H. G. McConnell Otis R. Preston M. H. Strothman, Jr. Sigurd ffeland.

CHAIRMAW: DEPUTY CHAIRMAN:

Roger B. Shepard Paul E. Miller

ANNUAL REPORT OF BOARD OF UOVERNORS, 1952 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE BAflK OF MINNEAPOLIS: YEAR 1953

DIRECTORS i TERM EXPIRES

CLASS A: H. N. Thomson Presho, £ i. D. 1953 C. W. Burges Edgelej, H. D. 1954 Edgar F. Zelle Minneapolis, Minn. 1955

CLASS B: W. A. Denecke Bozemen, Mont. 1953 Ray C. Lange Chippewa Falls, , Vis. 1954 Homer P. Clark St. Paul, Minn, 1955

CLASS C: Ro^er B. Shepard St. Paul, Minn. 1953 Paul E. Miller St. Paul, , Minn, 1954 F. A. Flodin Iron Mountain, Mich. 1955

MEM\£BER, FEDERAL ADVISORY COUNCIL: Joseph F. Ringland, Minneapolis, Minn.

OFFICERS: PRESIDENT ': U. 3. Powell CdAIRMAn: Roger a. shepard FI1ST VICE PRES.: A. W. Mills DEPUTY CHAIRMAN: faul E. Miller VICE PRESIDENTS: H. C. Core

E. B. Larson H. G. McConnell J. Marvin Peterson Otis R. Preston M. H. Strotoman, Jr. Sigurd Ueland


FEDSRA Board

See over •EDSRAL RESERVE BANK OF MINNEAPOLIS January 1. 195J* „ ; — i of Directorsj with the President, and the Federal Advisory Council T.e:nber«


(carrying the responsibilities of directing the bank's activities is a nine-member board [_

representing banking, industrial pursuits, and the public interest. Pictured are the directors (

as of January 1,19J54, with the president and the Federal Advisory Council member. \

PAUL E. MILLER, chairman, is director of University of Minnesota agricultural extension division, Saint Paul. He has been a class C director (representing the public interest) since 1946, and was reappointed for a third term extending through 1954. Named deputy chairman in 1952, he was designated chairman for 1954.

LESLIE N. PERRIN, deputy chairman, is a former president of General Mills, Inc., and is now acting as director and consultant and member of the company's executive committee. He was appointed a class C director for a term of three years beginning Jan. 1, 1954.

F. A. FLODIN is president of the Lake Shore Engineering Co., Iron Mountain, Michigan. He was appointed a class C director in December 1951 to fill an unexpired term and reappointed for a term extending through 1955.

HOMER P. CLARK is honorary chairman of West Publishing Co.,

Saint Paul. Serving originally as a class C director from 1922 through 1936, he has been reelected to consecutive terms as a class B director (representing commerce, industry, and agriculture) since January 1941 and extending through 1955.

JOHN E. CORETTE is president and general manager of Montana Power Co., Butte, Montana. He was elected a class B director for a three-year term beginning Jan. 1, 1954. He was formerly chairman of the Helena Branch board.

RAY C. LANGE is co-owner of Chippewa Canneries, Chippewa Falls, Wisconsin. First elected a class B director in 1943, he was reelected for a fourth three-year term extending through 1954.

CHARLES W. BURGES is vice president and cashier of the Security National Bank, Edgeley, N. D. Elected a class A director (banker member) in 1949, he was reelected to serve for a term of three years through 1954.

HAROLD N. THOMSON is vice president of the Farmers and Merchants Bank, Presho, S. D. He is a class A director and was reelected for a second three-year term beginning Jan. 1, 1954.

EDGAR F. ZELLE is chairman of the First National Bank of Minneapolis and chairman and treasurer of Jefferson Transportation Co. He was elected a class A director in January 1952 to fill an unexpired term, and then reelected for a three-year term extending through 1955.

OLIVER S. POWELL has been the bank's chief executive since July 1, 1952. He had been first vice president from 1936 to September 1, 1950, when he began a short term of service on the Board of Governors.

JOSEPH F. RINGLAND, president of Northwestern National Bank of Minneapolis, represents the Ninth district on the Federal Advisory Council. He was elected to serve a fifth term in 1954. Digitized for FRASER

http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE BANK OF MINNEAPOLIS: EOR THE YEAR 1954

DIRECTORS: Paul E. Miller (Chairman)G Leslie N. Perrin (Deputy Chain. ) ^ Charles W. Burges<\ Homer P. Clark<J> John E« Corette^ F. Albee Flodin G Ray C. Lange (̂ Harold N. Thomson I* Edgar F. Zellef^

St* Paul, Minnesota Minneapolis, Minnesota Edgeley, North Dakota St. Paul, Minnesota Butte, Montana Iron Mountain, Michigan Chippeva Falls, Wisconsin Presho, South Dakota Minneapolis, Minnesota

OFFICERS: Oliver S. Powell, President

Albert W. Mills, First Vice President Harold C. Core, Vice President Otis R. Preston, Vice President Maurice H* Strothman Jr., Vice President

Harold G. McConnell, Vice President Earl B. Larson, Vice President Sigurd Ueland, Vice President, Counsel,

and Secretary J. Marvin Peterson, Vice President and

Director of Research

MEMBER Federal Advisory Council: Joseph F. Ringland Minneapolis, Minnesota

Annual Report for the year 1953, Federal Reserve Bank of Minneapolis.

(over) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ZELLF CORETTE

CLARK PERRIN

FLODIN RINGLAND THOMSON

MILLER POWELL

BURGES

LANGE

mmmmmm^m Mpw«i WIWPP i f

Director, 1/1/54» with the president and the Federal Advisory Council member



DIRECTORS: CLASS A: Edgar F.

TERM Zelle Thomson Refling Clark

Harold «. Harold C.

CLASS B: Homer P. John E. Corette Ray C. Lange

CLASS C: F. Albee Flodin Leslie N. Perrin Vacancy


Minneapolis, Minn. Presho, S. D. Bottineau, N. D. St. Paul, Minn. Butte, Mont. Chippewa Falls, *is. Iron Mountain, Mich. Minneapolis, Minn.

John F. Ringland, Minneapolis, «inn.

EIPIRES 1955 1956 1957 1955 1956 1957 1955 1956 1957


OFFICERS: 0. S. Povell A. V. Mills E. B. Larson H. G. McConnell Otis R. Preston M. H. Strothman, Jr. Sigurd Ueland


Lfc|Ue N. Perrin (Vacant)

FEDERAL RESERVE BULLETIN, FEBRUARY 1955 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE

DIRECTORS: CLASS A:

CLASS B:

CLASS C:

Harold N. Thomson Harold C. Refling Joseph F. Ringland J. E. Corette Ray C. Lange T. G. Harrison Leslie N. Perrin 0. B. Jesness F. Albee Flodin

MEMBER, PEDERAL ADVISORY COUNCIL:

PRESIDENT: Oliver S. Povell FIRST VICE PRES.: Albert W. Mills

CHAIRMAN: Leslie N. Perrin DEPUTY CHAIRMAN: 0. B. Jesness

BANK OF MINNEAPOLIS: FOR THE YEAR xV5b T^nn Expires Dec. 31

Presho, S. D. xV56 Bottineau, N. D. 1957 Minneapolis^ linn. 1958 Butte, Montana 1956 Chippewa Falls, Vise. 1957 Minneapolis, Minn. 1958 Minneapolis, Minn. 1956 St. Paul, Minn. 1957 Iron Mountain, Mich. 1958

Julian B. Baird

Vice Presidents Kyle K. Fossum C. V. Groth E. B. Larson H. G. McConnell Otis R. Preston M. H. Strothman, Jr. Sigurd Ueland


FEDERAL RESERVE BANK OF MINNEAPOLIS: HELENA BRANCH

FOR THE TEAR 1954

DIRECTORS: Ceorge R. Milburn (Chairman) Albert W. Heidel J. Willard Johnson George N. Lund Carl McFarland

Grass Range, Montana Broadus, Montana Helena, Montana Reserve, Montana Missoula, Montana

OFFICERS: Clarence W. Groth, Vice President Harold A. Berglund, Assistant Cashi er

Annual Report for the year 1953, Federal Reserve Bank of Minneapolis.


ATWOOD, Henry E. FEDERAL RESERVE, MINNEAPOLIS

9th(Minneapolis) Reserve District 1947-1949 Member, Federal Advisoiy Council


BAIRD, Julian B. FEDERAL RESERVE, MINNEAPOLIS

Member, Federal Advisoiy Council, 1/1/56 -

Also, 194-5-46.


BASSETT, J. C. FEDERAL RESERVE, MINNEAPOLIS

Director (Class A), FRB Minneapolis 19U-I917, 1920 - 1930


BENEDICT, C. Hariy (1876 - ) FEDERAL RESERVE, MINNEAPOLIS

Director (Class C), FRB Minneapolis 1919- 1922


BIGELOW, Frederic R. (1870 - 1946) FEDERAL RESERVE, MINNEAPOLIS

Director, (Class A) FRB Minneapolis 1914-1925


BLACK, John W. FEDERAL RESERVE, MINNEAPOLIS

Director (Class C), FRB Minneapolis 19H-J-918. ,


BURGES, C. V. ( - 1954) FEDERAL RESERVE, MIMEAPOLIS

Director, (Class C) FRB Minneapolis Jan. 1 , 194.9 - Feb. 28, 1954- (death)


COCHRAN, William D. FEDERAL RESERVE, MINNEAPOLIS

Director, (Class C) FRB Minneapolis 1938 - 1950 Deputy Chairman, 1946 - 1950


CLARK, Homer Pierce (1868 - ) FEDERAL RESERVE, MINNEAPOLIS

Deputy Chairman, FRB Minneapolis 1921-193& X class t) Director. Director (Class B), 1941 - 12/31/55


FEDERAL RESERVE, MINNEAPOLIS

Director, (Class C), FRB Minneapolis 1933 - 1945 Dep. Chairman, 1939 Chaiman, 1940-1945


COOK, S. S.

EMPLOYED: ll/2/U CASHIER: 11/2/14 DEPUTY GOVERNOR: 1921 TERMINATED SERVICE: 4/30/23

VICE PRESIDENTS & DEPUTY GOVERNORS FEDERAL RESERVE, MINNEAPOLIS


CORE, H. C. VICE PRESIDENTS & DEPUTY GOVERNORS


EMPLOYED: 7/15/16 FICE PRESIDENT (PERSONNEL): 12/6/^9 TERMINATED SERVICE: 10/31/54


CORETTE, John E. (1908 - ) m m RESERVE, MINNEAPOLIS

Director (Class B), FRB Minneapolis 1954 -



Member, Federal Advisory Council 9th (Minneapolis) Reserve District 1937 - 1940


DECKER, Edvard W. FEDERAL RESERVE, MINNEAPOLIS

Director (Class A) FRB Minneapolis 19U - 1919


DENECKE, ¥. A. FEDERAL RESERVE, MIMNEAKILIS

Director (Class B), 1951-1953


EBERSOLE, J. F. FEDERAL RESERVE, MlMEAPOLlS

Asst. Fed. Res. Agent {xy20*s)


FARUP, Karl J. FEDERAL RESERVE, MINNEAPOLIS

Director (Class A), FRB Minneapolis 1927 -1930


FLODIN, F. A. FEDERAL RESERVE, MINNEAPOLIS

Director (Class C), FRB Minneapolis 1951 -


FORD, Shirley Samuel (1887 - 194-5) FEDERAL RESERVE, MINNEAPOLIS

Director (Class A), FRB Minneapolis

19a *19^i


FUNK, A. P. FEDERAL RESERVE, MINNEAPOLIS

Director (Class B), FHB Minneapolis 1934. - -L942


GEERY, W. B. VICE PRESIDENTS & DEPUTY UOVERNORS


EMPLOYED: 9/1/20 DEPJTY GOVERNOR: 9/1/20 - 12/31/26 TERMINATED SERVICE: 1^/31/26

GOVERNOR: 1927 - 1935 DIRECTOR (CLASS C) & CHMN. OF BOARD: 1936-1938


GRANGMRD, Melvin Oscar (1885 - ) FEDERAL RESERVE, MINNEAPOLIS

Director (Class A), FRB Minneapolis

1934 - 1940


GROTH, C. V. VICE PRESIDENTS & DEPUTY GOVERNORS


EMPLOYED: 5/14/23 VICE PRESIDENT: 9/1/55

Presently serving 11/16/55


HANNA, Louis B. ( - 194.7) FEDERAL RESERVE, MINNEAPOLIS

Director, FRB Minneapolis 1914. - 192P( Jan .1921


HANSEN, H. C. (Class A) Director, Federal Reserve Bank of Minneapolis. Term — began; 1931

Church Ferry North Dakota expired: 1839 \. : ''f;

Not in: Who's Who in America, 1954/55, Vol. 28, Marauis Who Was Who in America, Vols. I-II. Who's Who in Commerce & in(ju + Who's Who in Finance, Bankinf^nd^hfUn^-in the U.S. and Canada, 1931-32.


HARRISON, Thomas G. FEDHtAL RESERVE, MINNEAPOLIS

Director, Class B., Jan.l, 1956-


HILL, Clarence Edwin (1887 - ) FEDERAL RESERVE, MINNEAPOLIS

1945 - 1949 nrector (Class A), FRB Minneapolis


HIXON, Frank Pennell (1862 - ) FEDERAL RESERVE, MINNEAPOLIS

director (°xass b) Iy.U-Iy25


HOLMGREN, Melvin B. FEDERAL RESERVE - KIKNESCLIS

A s s i s t a n t Vice Pres iden t


HOLTER, N. B. FEDERAL RESERVE, MINNEAPOLIS

Director (Class B), FRB Minneapolis 19U-1930


JAFFRAY, Clive Talbot (1865 - ) FEDERAL RESERVE, MINNEAPOLIS

Member, Federal Bdvisory Council 9th(Minneepolis) Reserve District 19U-15,1 1913-20


JESNESS, Oscar B. FEDERAL RESERVE, MINNEAPOLIS

Director (Class C), 1V55 -Deput7 Chainaan, 1V55 -


KERST, Peter M. FEDERAL PESERVE, MINNEAPOLIS

Deputy Federal Reserve Agent FRB Minneapolis, J-9U


KIBBEE, H. R. FEDERAL RESERVE, MINNEAPOLIS

Director, Class A, FRB Minnescolis 1931 *^1938


LMGE, Ray C FEDERAL RESERVE, MINNEAPOLIS

Director, Class B, Minneapolis 19A2 -


LARSON, E. B. VICE PRESIDENTS & DEPUTY GOVERNORS


EMPLOYED: 12/6/20 VICE PRESIDENT: 12/6/49 VICE PRESIDENT & CASHIER: 9/1/55



LEEMAN, P. J. FEDERAL RESERVE, MINNEAPOLIS

Director, Class A, FRB Minneapolis 1926 - 1934.


LIGHTHER, William H. FEDERAL RESERVE, MINNEAPOLIS

Deputy Chairman end Deputy Federal Reserve Agent, FRB Minneapolis 1916 - 1920 D i r e c t o r , C1«SF; G, FRB Minneapolis 1916-20


LYSEN, Milford E. FEDERAL RESERVE BANK OF MINNEAPOLIS

Entered employ, U/^U/YJ Operating Research Officer, 2/̂ 2


McCARTNEI, Fred D. FEDERAL RESERVE, MINNEAPOLIS

Director, Class A, FRB Minneapolis 1939 - 194̂ 9


McCONNELL, H. G.

EMPLOYED: ll/U/33 VICE PRESIDENT: 3/8/A5


VICE PRESIDENTS & DEPJTY GOVERNORS FEDERAL RESERVE, ttlflMEAPOLIS


McCORMICK, George W. (1871 - ) FEDERAL RESERVE, kINNEAFOLIS

D i r e c t o r , Class C, FRB Minneepolis 1923-1937


McDOVJELL, Wesley C FEDERAL RESERVE, MINNEAPOLIS

Director (Class A), FRB Minneapolis 191S - 1926


McKNIGHT, James R. FEDERAL RESERVE, MINNEAPOLIS

Director, 61ass A, FRB Minneapolis 1939 - 1950


McLEOD, Walter H. FEDERAL RESERVE, MINNEAPOLIS

Director (Class B), Federal Reserve Bank, Minneapolis, 1947 - 1950


MILLER, Paul E. (1888-1951*) FEDERAL RESERVE, MINNEAPOLIS

Member, Board of Directors since 191&.6. • Director (Class C), 19k6-195t-. Deputy Chairman, 1951-1953. Chairman & Federal Reserve Agent, 195U

Member, Board of Governors, Aug. 2, 195ii - October 21, 195U.


MILLS, A. V.

EMPLOYED: 6/26/33 CASHIER & SECRETARY: 2/1/^2 CASHIER: 1943 VICE PRESIDENT & CASHIER: l/lA7 FIRST VICE PRESIDENT: 9/15/50


VICE PRESIDENTS & DEPdTY GOVERNORS FEDERAL RESERVE, MINNEAPOLIS


MITCHELL, John ̂ aymondj (1868 - 19?3) FEDERAL RESERVE, MINNEAPOLIS

Director (Class C) FRB Minneapolis Sept. 10, 1924 - 1932 Federal Reserve Agent and Chairman of Board, FRB Minneapolis, 1924-. -1-932

Member, Federal Reserve Board, 1921-23. Member, Federal Advisory Council, 9th (Minn.) Dist., 1916-17


MOORE, B. V.

EMPLOYED: U/l/20 CASHIER: 11/1/20 - 1923 DEPUTY GOVERNOR: 1924 - 4/30/&9 TERMINATED SERVICE: 4./30/29



MOSHER, Curtis L. FEDERAL RESERVE, MINNEAPOLIS

Assistant to Federal Reserve Agent, FRB Minneapolis 19-U-


MIERS, Paul N. FEDERAL RESERVE, MINNEAPOLIS

Director (Class B), 1926-1928


O'CONNELL, J, E. FEDERAL RESERVE, MINNEAPOLIS

Director (Class B), FRB Minneapolis 1931 —: - 1947


OWEN, John S. (1849 - 1939) FEDERAL RESERVE, MINNEAPOLIS 1926 - 1933

Director (Class B), FRB Minneapolis


PECK, F. W. FEDERAL RESERVE, MINNEAPOLIS

Director (Class C), FRB Minneapolis 1957


PEREC , L e s l i e N. (1386 - ) FEDERAL RESERVE, MIPfEAPOLIS

D i r e c t o r (Class ) , FRE Minneapolis Deputv Chairman, 1954-»-Cnairman

1955 -


PETERSON, J. M.

EMPLOYED: IO/I/48 VICE PRESIDENT & DIRECTOR OF RESEARCH: TERMINATED SERVICE: 3/28/54.

VICE PRESIDENTS & BEPUTY GOVERNORS FEDERAL RESERVE, MINNEAPOLIS

1/22/53


PEYTON, John N. (1885 - ) FEDEML RESERVE, MINNEAPOLIS

President, FRB Minneapolis 19% - 1951 Chairmen of Board, 1933-36


POWELL, Oliver S. VICE PRESIDENTS & DEPUTY GOVERNORS


EMPLOYED: 8/9/20 FIRST VICE PRESIDENT & SEC. OF BD.: 7/18/36 FIRST VICE PRESIDENT: 1938 - 8/31/50

TERMINATED SERVICE: 8/31/50 Re-entered bank as PRESIDENT: 7/1/52


M:2!BER, BOARD OG GOVERNORS: 9/l/50 - 6/30/52


PRESTOS, 0. R.

EMPLOYED: 6/18/20 VICE PRESIDENT: l/M/43


VICE PRESIDENTS & DEPJTY GOVERNORS FEDERAL RESERVE, MINNEAPOLIS


PRINCE, George H. (1861 - 1933 ) FEDERAL RESERVE, MINNEAPOLIS

Member, Federal Advisory Council 9th (Minneapolis) Reserve District 1921 - 1925


QUAY, Arthur H. (1895 - 195 ) FEDERAL RESERVE, MINNEAPOLIS

Director (Class A), FRB Minneapolis 1950


REFLlMi, Harold C. FEDERAL RESERVE, MlwwEAKJLIS

director (Class A) 1955-


RICH, John Harrison (1856 - 1924) FEDERAL RESERVE, MINNEAPOLIS

Chairmen of Board, Federal Reserve Agent, FRB Minneapolis 1914 - May 20, 1924 (death)


RINGLAND, Joseph F. (1901 - ) FEDERAL RESERVE, MINNEAPOLIS

Member, Federel Advisory Council 9th (Minneapolis) Reserve District 1950 -Class A Director, Jan.l, 1956 -


SCOTT, John W. FEDERAL RESERVE, MINNEAPOLIS

Director (Clsss A), FRB Minneapolis

1954 -


FEDERAL RESERVE, MIlWEAK)LlS

Chairman of board, 19A6 - 1953 Dep. Chairman, 194U-194-5 Director (Class C), 1939 - 1953


STROTHMAN, M. H., Jr.

EMPLOYED: 12/10/41 VICE PRESIDENT: l/ll/51


VICE PRESIDENTS & DEPUTI GOVERNORS FEDERAL RESERVE, MIHHEAFOLIS


SWANSON, E. V.

EMPLOYED: 6/15/33 VICE PRESIDENT: 1937-1938 VICE PRESIDENT & SECRETARI: 1938 VICE PRESIDENT: 1/24/42 - 5/1/47 TERMINATED SERVICE: 5/1/47

VICE PRESIDENTS & DEPUTI GOVERNORS FEDERAL RESERVE, MINNEAPOLIS

1/24/42


THOMSON, H. N. FEDERAL RESERVE, MliNEAPOLIS

Director (Class A), FRB Minneapolis 1951 -


TOWLE, R. E. FEDERAL RESERVE, MlmEAfOLIS

Vice President, 1948 - 1949


UELAWD, Andreas FEDERAL RESERVE, MINNEAPOLIS

Legal Counsel (earJy days)


UELAND, Sigurd VICE PRESIDENTS & DEPUTY GOVERNORS


EMPLOYED: 1/1/22 VICE PRESIDENT & COUNSEL: 7/11/43 VICE PRESIDENT & SEC. - COUNSEL: 1952

Presently serving U/16/55


UPGREN, A. R.

EMPLOYED: ll/l/42 VICE PRESIDENT & ECONOMIST: H/l/42 TERMINATED SERVICE: 6/15/45


6/15/45


WAKEFIELD, Lyman E. (1680 - 194-5) FEDERAL RESERVE, MINNEAPOLIS

Member, Federal Advisory Council 9th (Minneapolis) Reserve District 1941 - 1944-


WARREN, Gray

EMPLOYED: 1/13/15 CASHIER: U/ ?23 - 6/21/30 TERMINATED SERVICE: 6/21/30



WASHBURN, W. 0. FEDERAL RESERVE, MINNEAPOLIS

Director (Class B) FRB Minneapolis 1930- 194-0


VOLD, Theodore (1863 - 19 ) FEDERAL RESERVE, MINNEAPOLIS

First uovernor, FRB Minneapolis 19U - 1*8 Member, 1 ederrl Advisory Council 9th (Minneapolis) Reserve District 1926 - 1929 Director (Class A), 1919 - 1925


YAEGER, Harry VICE PRESIDENTS & DEPUTY GOVERNORS


EMPLOYED: 12/8/19 DEPBTY GOVERNOR: 10/3/27 - 1935 DEPUTY GOVERNOR ^SECRETARY: 1935-36 VICE PRESIDENT:* SECRETARY: 1936 - 12/31/37 TERMINATED SERVICE: 12/31/37


YOUNG, Roy A. (1882- ) FEDERAL RESERVE, MINNEAPOLIS

Governor, FRB Minneapolis, 191 3. - 1926

Governor (President), FRB Boston, 1930-42*

Governor, Federal Reserve Board, 1927-30.


YOU.MG, R. A.

EMPLOYED: 10/19/17 ASST. TO GOVERNOR: 10/19/17 TERMINATED SERVICE: 10/1/27

VICE PRESIDENTS & DEPJTY uOVERNORS FEDERAL RESERVE, MINNEAPOLIS


ZELLE, Edgar F. FEDERAL RESERVE, MINKEAPOLIS

Director (Class A), 1952 - 12/31/55


ZIEMER, H. I. VICE PRESIDENTS & DEPUTY GOVERNORS


EMPLOYED: 7/31/17 DEPUTY GOVERNOR: 5A/29 DEPUTY GOVERNOR & CASHIER: 1930-1936 VICE PRESIDENT & CASHIER: 1936 - 1/24/42 VICE PRESIDENT: 1/24/42 - 11/13/49 TERMINATED SERVICE: U/13/49


FOSSUK, Kyle HELENA BRANCH, JEB MINNEAPOLIS

Vice President, in charge Sept. 1, 1955 -


LIBRARIAN: Miss Mildred Strand I^^L

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