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Volwne 4 November 1, 1950 Number 17

Mr. Brack accompanied by Mr. Hoppenot Executive Director for France, and Mr. Davidson Sommers, General Counsel for the Bank, entering the Paris Bourse where the Bank's 3'10 bonds were admitted to trading.

The 1st sale of the Bank's 3% bonds on the Paris Bourse was made at 375,000 francs. Here an attendant marks up the price.

Mr. Auriol, President of France, leaving the Bank of France Annex after delivering the opening address of the 5th Annual Meeting of the Boards of Governors of the Bank and Fund in Paris September 6. Mr. Auriol is accompanied byMr. Black, Mr. Guttand highFrench officials.

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WELCCME TO NEW STAFF MEMBERS

Loan Department Mrs. Catherine Elsasser, formerly with the State

Department, Athens, Greece. Mrs. Irene Talbot, formerly with theGreekEmbassy,

Washington, D. C. Economic Department

Miss Claire A. Toohill, formerly with the Embassy of Pakistan, Washington, D. C.

Mrs. Maria deB. Wilhelm, formerly a graduate student. Harvard University, Cambridge, Mass. Legal Department

Miss Betty J. Brodnan, formerly with the Bank on a temporary appointment. Public Relations Department

Miss Amelia Jaramillo, formerly a student atGeorge Washington University, Washington, D. C.

Miss Dolores Seddon, formerly with the Bank on a temporary appointment. Administration Department

Mrs. Susanne E. Butler, formerly with The New .orleans Item, New .orleans, La.

INTRA-MURAL TRANSFERS

Miss Vivien C • .old, from Executive Directors' .of­fices to Treasurer's Department. Miss Elizabeth Teczar, from Public Relations Department to Loan Department.

PARIS .oFFICE .on their return to Paris from Yugoslavia Mr. and

Mr.s. Black gave a delightful party for the entire staff of the Paris .office, which was greatly enjoyed and much appreciated.

LCAN DEPARTMENT Garry Du1in, the American trainee, who has won the

hearts of all who know him, is the first one of the Bank's staff to return to active service. He reports to Fort Knox, Louisville, Kentucky, November 3.

The many friends of Mrs. Carolyn Greenwood will be glad to know that her baby was born .on .october 11, 1950 at the Washington Sanitarium. The little girl weighed 9 lbs. and 2 oz. and will be called Carolee.

ECCNCMIC DEPARTMENT Mr. J. Burke Knapp was the guest of honor at a

luncheon in the .oak Lounge of the Roger Smith Hotel on Thursday, .october 19. He left for London .october 24 to attend the North Atlantic Treaty Council.

Yvonne Rijos was married on .october 8 to JosephH. Earle. The wedding and the reception were held at the home of Mrs. Earl's parents.

TREASURER'S DEPARTMENT Laura Seddon was married to Mr. Fred A. Sauer,

September 30 in the Wesley Methodist Church. They went to Williamsburg, Virginia, for their wedding trip.

LEGAL DEPARTMENT Mr. and Mrs. Jean Villechaise announce the birth of

their second little girl, born Ccto~r 19. She will be called Marie Therese.

From Portland, .oregon, Dolores and Paul Lippolt . announce the birth of their baby, Jerrilee, born Sep­tember 27.

MR. WILLIAM L. AYERS

It is with deep regret that we record the death .october 25 of our good friend and BANK NCTES' counselor Mr. William L. Ayers, Director of Public

Relations Department.

PUBLIC RELATICNS DEPARTMENT Mr. Dwight Mallon will give a talk On "The Cperatioh...

of the World Bank" following a dinner sponsored by the International Committee of L'Enfant Business and Pro­fessional Women's Club at the UN Club, November 7. David Fulton will show a film of one of the Bank's projects.

ADMINISTRATICN DEPARTMENT A daughter, Kathleen Marie, was born to Mr. and

Mrs. Edward J. Donovan on .october 11, 1950. Announcement has been made of the engagement of

Miss Marion J. Dougherty to Mr. Frank L. Abbott. Mr. and Mrs. Henry F. Duvall are the parents of a

son, Kenneth, born September 6. Miss Pearl Scott became the bride of Mr. Labron

Rudisill on .october 20.

INTERNATIONAL BANK NOTES

Harriet French -- Editor

Reporters Marion Dougherty -- Administration Department Muriel Eddy -- Secretary's Department Alice Foley -- Legal Department Cynthia Hodgson -- Pari s Office Dorothy LawtoR -- Administration Department Maria Leone -- New York Office Agnes Maher -- Public Relations Department Virginia Nemeth -- Economic Department Myrtle Timmins -- Treasurer's Department 1. Van Gasse -- Loan Department 1eanne Wells -- Executive Directors

Edited and Published on the I st of each month by the Staff Relations Office, Personnel Division

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT

1818 H Street, Washington 25, D.C.

Michael L. Lejeune-- Personnel Officer Elizabeth Geib -- Staff Relations Officer

WHO'S WHO IN THE BANK

HENRY W. RILEY Assistant Treasurer

Mr. Riley came to Washington in April 1933 on leave from his work in Richmond, Virginia, expecting to be here only about three months while he helped to open the unlicensed National banks that were closed during the bank holiday. After setting up the machinery, how­ever, which involved working out reorganization and consolidation plans, the work continued unabatedly for a year. At the end of this period he became controller of Federal Deposit Insurance Corporation, and in this capacity helped develop policies and a program for,

.suring and supervising more than 90% of the banks n the United States holding about 9810 of total bank

deposits; subsequently, he became the executive officer of that Corporation as well as of the Office of Alien Property Custodian.

In September of 1943, Mr. Riley became the Deputy Administrator of Foreign Economic Administration, when that organization was created by merging all or part of fourteen different agencies, and simultaneously served as Vice President and member of the Board of the Export-Import Bank, Secretary-Treasurer of the U. S. Commercial Company, and Treasurer of the Petroleum Reserves Corporation.

After the Japanese collapse, the President, on the recommendation of the Administrator, ordered FEA to transfer its different departments to old line agencies. The job fell to Mr. Riley and in five weeks time he had transferred FEA's several thousand employees to the State Department, Commerce, Agri­culture, RFC and the Treasury Department. Mr. Riley says that if he lives to be 90, he'll always remember that terrifically hectic period of five weeks. But he added ... I wouldn't have missed it for anything."

From the Federal Deposit Insurance Corporation he was asked to come over to assist and advise on the set­up of the Bank. He was appointed to the staff August 2, 1946 and designated Assistant Treasurer December 11 of that year.

Mr. Riley was born in 1902 in Greenville, S. C. and was graduated from the University of Richmond. He did his graduate study in the Department of Economics and School of Commerce and Administration at the Uni­

ersity of Chicago. He is a Certified Public Ac­countant.

Mr. Riley has been a member of the Baptist Church since he was 10 years old transferring his membership to Richmond and Chicago when he went to college. He

is now a Life Deacon of the First Baptist Church of Washington and Chairman of the Finance Committee of his Church and is on the Board of Directors of the Washington Federation of Churches.

Mr. Riley lives on a beautiful farm in Fai dax County, Virginia. There, due to the difficulty of obtaining adequate help, Mr. Riley has been known to go home from the Bank to milk the cows then return to town for an important meeting.

Mr. Riley's favorite sport is golf and it is a fore­gone conclusion that he and his wife will turn in a low score at the Bank's annual golf match.

'RED FEATHER CAMPAIGN' As you know, the Community Chest is hav.ing its

annual Red Feather Campaign to raise money for the support of its 105 health and welfare services.

Mr. Eugene R. Black, President, is Chairman of the Bank's drive and Mr. Chauncey Parker, Director of Administration, is President of the Community Chest (Red Feather) Federation in the National Capital Area.

The fact that the 29 different nationalities repre­sented in the Bank have made generous contributions to the Chest in previous campaigns has been the sub ... ject of much favorable comment in Washington.

It is hoped that the following quotas may be reached in the departments this year:

Department Office of the President $ 455.00 Legal 485.00 Treasurer's 890.00 Loan 1,570.00 Economic 1,535.00 Secretary's 315.00 Public Relations 305.00 Administration 1,215.00 Executive Directors Staff 130.00

$ 6,900.00

CA MPI" GN'\JOAL '951

S4,260,OOO " •.. and 1'/11 sure, Mr. Parker, that all our people in the

Bank wi II back you up in this gOOd cause so vi tal to our commun it y • .,

Inside th«:! Comedie Fran~aise, preliminary to a gala performance of the ballet. Lady Rowe-Dutton, wife of the Executive Director for the United Kingdom, Mr. Thomas Basyn, Executive Director from Belgium, Sir Ernest Rowe-Dutton, and his daughter Gillian.

BANK'S BRIDGE PARTY AT UN CLUB

All staff members are invited to attend a bridge party to be held at the United Nations Club, 1701 - 19th Street, N.W., Friday, November 3 at 8: 30 p.m. If you don't like bridge, corne and play canasta.

The privilege of the bar and dining room at the Cb~b have been extended to staff members. Fee for bridge is 5ot.

Please make reservations with Mrs. Dorothy Lawton, ext. 2337, or Mr. Badri Rao, ext 2072.

BANK - FUND DANCE AT THE UN CLUB

Miss Sandy Demou and Mrs. Harriet French have been asked by the United Nations Club to be co-chair­men of the Sunday Evening Dinner-Dance to be held at the Club, 1701 - 19th Street, N.W., Sunday, November 26.

Dinner 6: 30 - 9: 30 p.m. Dancing 9 - 12pm Dance only - members $1.00 plus tax, guests $1.50

plus tax. Dinner and dance $2.50 - $2.75. Dress optional.

.All staff members of the Bank and Fund are cordially invited.

CHRISTMAS COCKTAIL PARTY AT MAYFLOWER

All Executive Directors, staff members, consultants and trainees are asked to mark their calendars on Tuesday, December 19, 6:00 o'clock p.m. for the Bank's annual Christmas cocktail party. The main ballroom of the Mayflower Hotel will be the scene of the festivi­ties and ~idney's Orchestra will furnish the music.

"Mr. and Mrs. Black leaving the Comedie Fran~aise on their way to a reception at the Ministry of Finance in the Louvre.

RECENT BLOOD DONORS+ + Leonello Boccia Patterson French Margherita Boccia Gertrude Picard Betty Brodnan Anne Seilliere Roque Bustamante Ruth Solomon Raymond Deely Anne Synan Rolf Evensen John Synan

James Thackara

BANK - FUND TENNIS CLUB PARTY

Ghosts, witches and all sorts of colorful costumes were seen Monday night at the Sheik Restaurant on the occasion of the Halloween Party with which the Bank ­Fund Tennis Club closed its 1950 season. The en­thusiastic committee was composed of Maria-Christina Beltranena, Peter Clark, Nancy Herzbrun, Herman Nijhoff, Badri Rao and Grace Werring.

THE GHA BALLOT

A record for voting at the Group Health AssociatiC' was established October 20 when ballots were cast fo. merr,bership assessment to provide funds required to finance the purchase of the Arlington Building.

4,324 members voted in favor of the amendment and 1,876 voted against it.