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                                                  INTERlZ!'~TIOl~AL BA1'TK FOR
                                              RECOHSTRUCXIOM .."1.l!D DEmoPHEMT

                    FOR THE PRESS                                                FOR IrnrnmI~'l1E RE..tEASE

                                                                                 Iinrch 26. 1947


                          It was announced today that Hr. E. Fleetwood Dunstan, of l:ew YorJ-:, has
                    been appointed Director of I1arketing for the Internntional 3nnk for

                    Reconstruction and Developnent.     It was also announced that the ;tnterr1r.tional

                    3ank: will open a Mew York office on .ti.pril 15, 1947 i'n the Federal Res0:rve

                    3ank 3uilding at 33 Liberty Street, and th-'J.t Hr. Dunstan will be in chEtrgo

                    of that office, ~ssuning his duties on thc~t date,

                         Hr. John J~ IfoCloy, President of the Internutional Jank, st~.ted th.~t

                    in view of the forthco~ing ~arketing of the 3ank 1 s debentures, it is

                    necessary to have a Eew York office to facilitate the work of this ·.nport[.'...nt

      •            phase of the 3ank' s activities.     IIr. Dunstan, a.s Director of l!ar}:etbg,

                   will be in contnct with investing intert::sts throughout thf' cou11try r-,nd will

                   have charge of arrangor.ients relating to tho sales of tho 3ank's dobcnturcs.

                         Hr, Dunstan has been vice President in charge of the 3ond De:po.rtoont

                   of tho 3ankers Trust Coripany of lfow Yor~r, where he has been associated.

                   since 1921.    ~he 3ankers Trust Conpany early this nonth acted as syndicRtc

                   manager for an issue of $200,000,000. State of Hichi/;an bonds, the 1· rgcst  1.•




                   state or r.nmicipnl issu.G ever narketed,       Hr, Dunstan directe;ld tho

                   operation,    He was born in El izA.both Oity• Horth Ca:rolina on June       25, 1896
                   and was graduated fror.i Duk;e University in 1919,      In World W~r I he s2rvcd
                   in tht:: United St~tes Ar~y as First Lieut0nant.

                        Hr. Dunstan has been a nember of the 3oard of Governors of the

                   Investment 3nnkers .Association of Ar.iorica nnd wn.s Chairr.ian of the Hunicipal

      ~            Securities Cor.ir.1ittee of that association,    He was Chair~an of the

                   New York City Draft Joa.rd Ho. 48 fror.1 1940 to 1941,      In 1943, ho served
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     as ~ssistant Director of the 3anking and Investnont Division of tho

     New York State War Finance Connittee.

          Mr. Dunstan is a menber of the lfow York Hunicipal 30:1d Club serving

     as president fro~ 1936 to 1937, and is also a nenber of the 3ond Cl~b of
     Few York~




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