Full text of Federal Reserve Bank of St. Louis Circulars : Results of Election

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Federal Reserve Bank

of

S t. Lo u i s

P. O. B O X 4 4 2

S t. Lo u is , Mis s o u r i 6 3 1 6 6

N ovem ber 12, 1969
RESULTS OF ELECTION
To the M em ber Banks of the
E ighth F ed era l R ese r v e D istrict:
The electio n of d ir e cto r s of the F ed era l R ese r v e Bank
of St. L ouis to su cceed M r. C ecil W. Cupp, Jr. , C la ss A
d ir e cto r , and M r. Roland W. R ich ard s, C la ss B d ir e cto r , w hose
term s end D ecem b er 31, 1969, has b een duly held in accord an ce
w ith the req u irem en ts of S ection 4 of the F ed era l R ese r v e A ct
and the p ro v isio n s of the circu la r issu ed by th is o ffice under date
of Septem ber 19, 1969.
The r e su lts of the electio n are as fo llo w s:
M r. C ecil W. Cupp, Jr. , P r esid en t, A rk an sas Bank
and T ru st Com pany, Hot S p rin gs, A rk an sa s, w as r e ele cted by
m em b er banks in Group 2 as a C la ss A d irecto r.
M r. Edw ard J. Schnuck, P r esid en t, Schnuck M ark ets,
Inc. , St. L ou is, M isso u ri, w as e lected by m em b er banks in
Group 1 as a C la ss B d irecto r.
E ach d irecto r w as chosen for a term of th ree y ea rs to
b egin January 1, 1970.




FREDERIC M. PEIRCE
C hairm an of the Board

Press Information

Federal Reserve Bank of St. Louis
St. Louis, Missouri

FOR IMMEDIATE R ELEASE

63766

N ovem ber 12, 1969

The C hairm an of the B oard, M r. F r e d e r ic M. P e ir c e , m ade
the follow ing announcem ents w ith r e sp e c t to the elec tio n of d ir e cto r s of
the F ed era l R ese r v e Bank of St. L ouis:
C ecil W. Cupp, Jr. , P resid en t, A rk an sas Bank and T rust
C om pany, Hot S p rin gs, A rk an sa s, w as r e ele cted by m em b er banks in
Group 2 as a C la ss A d irecto r of the F ed era l R ese r v e Bank of St. L ouis
for a th r e e -y e a r term beginning January 1, 1970.
M r. Cupp has b een a d irecto r of th is bank sin ce January 1967.
A ctiv e in variou s state and lo ca l civ ic o rg a n izatio n s, M r. Cupp a lso is
C hairm an of the B oard, The C itizens N ational Bank of A rkadelphia,
A rkadelphia, A rk an sa s. He attended the U n iv ersity of A rk an sa s,
receiv in g a B .S . in B u sin ess A d m in istration , and is a graduate of the
School of B anking, U n iv ersity of W iscon sin .
Edw ard J. Schnuck, P resid en t, Schnuck M a rk ets, In c .,
St. L ou is, M isso u ri, w as e lected by m em b er banks in Group 1 as a
C la ss B d irecto r of the F ed era l R eserv e Bank of St. L ouis for a th r e e year term beginning January 1, 1970.




m ore

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M r. Schnuck, in addition to being a ffilia ted w ith num erous
state and lo c a l c iv ic and trade o rg a n izatio n s, is P r esid e n t and
D irecto r of Schnuck M ark ets, Inc. , Schnuck D istrib u tin g Com pany,
Inc. , Schnuck Baking C om pany, Inc. , and G eneral M erch a n d isers,
Inc. ; V ice P resid e n t, T r ea su rer and D irecto r of B R F R e so u r c e s,
Inc. ; and V ice P r esid e n t and D irecto r of Around the W orld Food
C orporation, a ll of St. L ou is, M isso u ri.
The B oard of D ir e cto r s of the F ed era l R ese r v e Bank
c o n sists of nine m e m b e r s, six of w hom (C la sse s A and B) are
ch o sen by the m em b er banks and th ree (C lass C) by the B oard of
G overn ors in W ashington.




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