Resignation

Daniel Richard Crissinger, governor of the Federal Reserve Board, tendered his resignation. Though bankers and lawyers were still dis- puting whether or not he had been "domineering" in forcing a reduced re-discount rate on the Chicago Federal bank (TIME, Sept. 12), Mr. Crissinger said that this dispute had nothing to do with his with- drawal (See p. 14).

Likely candidates for the vacant governorship seemed to be: Agent General for Reparations Seymour Parker Gilbert; Edward Henry Cun- ningham of Iowa, already a Federal Reserve Board member; William P. Gould Harding, governor of the Boston Federal bank. Mr. Harding was Mr. Crissinger's predecessor (1916-23).