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F E D E R A L R E S E R V E B A N K OF ST St Lo u is 2 LOUIS M issouri O c t o b e r 3, 1957 T o A l l B an k s i n the Eighth F e d e r a l R e s e r v e D is tr ic t: T he B o a r d o f G o v e r n o r s of th e F e d e r a l R e s e r v e S y s t e m h a s a n n o u n c e d the a p p o i n t m e n t of M r . F r a n k L e e W e s s o n , V i c t o r i a , A r k a n s a s , a s a d i r e c t o r of th e M e m p h i s B r a n c h of t h i s ba nk . H i s a p p o i n t m e n t f o r the u n e x p i r e d p o r t i o n o f a t e r m e n d i n g D e c e m b e r 3 1, 1 958, f i l l s a v a c a n c y on th e B r a n c h B o a r d c r e a t e d by th e d e a t h of M r . H e n r y B a n k s , C larkedale, A rk a n sa s. M r. W e s s o n is P r e s i d e n t of W e ss o n F a r m s , Inc. , V i c t o r i a , A r k a n s a s , an d P r e s i d e n t of M i s s c o , I n c . , w h i c h o p e r a t e s f a r m m a c h i n e r y a g e n c i e s in O s c e o l a a n d B l y t h e v i l l e , A r k a n s a s . In a d d i t i o n to h i s e x t e n s i v e f a r m i n g i n t e r e s t s , M r . W e s s o n i s a d i r e c t o r of S m i t h a n d W e s s o n A r m s C o m p a n y . D E L O S C . JO H N S P r e s id e n t LIBRARY BOARD o f g o v e r n o r s OF THE FEDERAL RESERVE SYSTEM Statement for the Press For immediate release October 3, 1957 The Board of Governors of the Federal Reserve System todayannounced the appointment of Mr. Frank Lee Wesson, of Victoria, Arkansas, a s a director of the Memphis Branch of the Federal Reserve Bank of St. Louis for the remainder of a term expiring December 31, 1958. Mr. Wesson is president of Wesson Farms, Inc., Victoria, Arkansas. As a director of the Memphis Branch he succeeds Mr. Henry Banks, farmer, of Clarkedale, Arkansas, who died recently.