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

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F e d e r a l R e s e r v e B an k o f S t. Lo u is
P. O. BOX 4 4 2
S t. Lo u is , M is s o u r i 6 3 1 6 6

N ovem b er 2, 1977
RESULTS OF ELECTIO N
To the M em ber Banks of the
E ighth F ed era l R ese r v e D istrict:
The e le c tio n of d ir e cto r s of the F e d e r a l R ese r v e Bank
of St. L ouis to su cceed M r. Donald N. B randin, C la ss A d ir e cto r ,
and M r. R alph C. B ain, C la ss B d ir e cto r , w hose term s end
D ecem b er 31, 1977, h as b een duly held in accord an ce w ith the
req u irem en ts of S ection 4 of the F ed e r a l R ese r v e A ct and the
p ro v isio n s of the c ir c u la r issu ed by th is o ffice under date of
S ep tem b er 9, 1977.
The r e su lts of the e le c tio n are as fo llo w s:
M r. D onald N. B randin, C hairm an of the B oard and
P r e sid e n t, The B oatm en 's N ational Bank of St. L ou is, St. L ou is,
M isso u ri, w as r e e le c te d by m em b er banks in Group 1 as a
C la ss A d ir e cto r .
M r. R alph C. B ain, V ice P r esid e n t, W abash
P la s tic s , I n c ., E v a n sv ille , Indiana, w as r e e le c te d by m em b er
banks in Group 3 as a C la ss B d ir e cto r .
E ach d ir e cto r w as ch o sen for a te r m of th ree y ea rs
to begin January 1, 1978.




EDWARD J. SCHNUCK
C hairm an of the B oard

News Release

F e d e ra l R e s e rv e B a n k
_
o f S t . L o u is _ _ _ _ _ _ _ _
St. Louis, Missouri 63166
Telephone 314/421-1700

FOR FURTHER INFORM ATION
CONTACT - Ruth A. B ryant
3 1 4 -4 4 4 -8 3 1 1
FOR IM M EDIATE R ELEA SE
St. L ou is, M o ., N ovem b er 2, 1977 - - D onald'N . B randin, St. L ou is,
and Ralph C. Bain, E v a n sv ille , In d ., h ave been r e e le c te d to the board of
d ir e c to r s of the F e d e r a l R e se r v e Bank of St. L ou is, Edw ard J. Schnuck,
ch airm an of the St. L ouis R ese r v e B ank's board of d ir e c to r s announced today.
Both M r. B randin, who is a C la ss A d ir e cto r , and M r. B ain, who is
a C la ss B d ir e cto r , h ave serv ed on the bank's board sin ce January 1975.
E ach w ill begin h is secon d th r e e -y e a r term in January 1978.
M r. Brandin is ch airm an of the board and p re sid e n t of The B oatm en 's
N ational Bank of St. L ou is and ch airm an of the board and ch ief ex ecu tiv e
o fficer of B oatm en 's Banc sh a r e s, Inc.
M r. B ain is v ic e p re sid e n t of W abash P la s tic s , E v a n sv ille , Ind.
The board of d ir e c to r s of the F e d e r a l R ese r v e Bank c o n sists of nine
m e m b e r s. T hree m e m b e r s, c a lled C la ss A d ir e c to r s, r e p r e se n t m em b er banks
in the Eighth F e d e r a l R e se r v e D istr ic t, the d istr ic t serv ed by the F e d e r a l
R ese r v e Bank of St. L o u is. T hree m e m b e r s, ca lled C la ss B d ir e c to r s,
a re engaged in p u rsu its other than banking. Both C la ss A and C la ss B d ir e c to r s




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a r e e le c te d by m em b er banks in the R ese r v e B ank's d is tr ic t. T he fin a l
th r ee m e m b e r s of the b oard , c a lled C la ss C d ir e c to r s , a r e appointed by
the B oard of G o v ern ors of the F e d e r a l R ese r v e S y stem .




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