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F e d e r a l R e s e r v e Ba n k

of

St . L ouis

S t . L o u i s 2 , Mi s s o u r i
Sep tem b er 28,

1956

IM P O R T A N T N O T IC E
re
N O M IN A T IO N S F O R C L A S S A D IR E C T O R

To the M e m b e r Banks in Group 1 Eighth F e d e r a l R e s e r v e D is tr ic t:

It w ill be noted in the " E le c t io n C i r c u l a r " m a ile d
to you under date of S ep tem b er 21, 1956 that the t e r m of
M r . W illia m A . M cD on n ell as C lass A d i r e c t o r of the F e d e r a l
R e s e r v e Bank of St. L o u is w i l l e x p ir e on D e c e m b e r 31, 1956.
M r . M cD on n ell was e le c te d a C lass A d ir e c t o r of this bank f o r
a th ree y e a r t e r m beginning January 1, 1951 by the m e m b e r
banks in Group 1, and was retu rn ed to o ffic e by the m e m b e r
banks o f that group to succeed h im s e lf on January 1, 1954.
D ir e c t o r M cD on n ell has req u e s te d that the m e m b e r
banks in Group 1 be a d v is e d that he does not d e s i r e to be r e ­
e le c te d . While he is a p p r e c ia t iv e of the honor c o n fe r r e d upon
him by the m e m b e r banks in ele c tin g and r e - e l e c t i n g him , he
f e e ls this d ir e c t o r s h ip should be rota ted and d e s ir e s to r e t i r e
f r o m s e r v i c e at the end of the p r e s e n t te r m .

R e s p e c tfu lly ,
M . MOSS A L E X A N D E R ,

C h airm an o f the B o a rd .


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102