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FEDERAL RESERVE BANK O F ST. LO U IS S t . L o u is 2, Mo. To all B anks January 3, 1950 in the E ighth F ederal R eserve D istrict : The Board of Governors of the Federal Reserve System has announced the following appointments and designations: Federal Reserve B a n k o f S t. Louis M r. R ussell L. D earmont Chief Counsel for Trustee Missouri Pacific Lines St. Louis, Missouri M r. William H. Bryce Vice President and Manager Dixie Wax Paper Company Memphis, Tennessee Reappointed Class C director for a three-year term begin ning January 1, 1950, and redesignated as Chairman and Federal Reserve Agent for the year 1950. Redesignated as Deputy Chairman for the year 1950. L ittle R ock B ra n ch M r. Stonewall J. Beauchamp, President Appointed director for a three-year term beginning January 1, 1950. Terminal Warehouse Company Little Rock, Arkansas L ouisville B ra n ch M r. Smith B roadbent, J r. Farmer Cadiz, Kentucky M e m p h is B ra n ch M r. H ugh M. Brinkley Planter Hughes, Arkansas Reappointed director for a three-year term beginning January 1, 1950. Reappointed director for a three-year term beginning January 1, 1950. The Board of Directors of the Federal Reserve Bank of St. Louis has made the following appointments: L ittle R ock B ran ch M r . H arvey C. C ouch , J r . Executive Vice-President Union National Bank Little Rock, Arkansas Appointed director for a three-year term beginning January 1, 1950. L ouisville B ran ch M r . A. C. V oris , President Citizens National Bank Bedford, Indiana Reappointed director for a three-year term beginning January 1, 1950. M e m p h is B ran ch M r . B en L. R oss Chairman of the Board Phillips National Bank Helena,.Arkansas Appointed director for a three-year term beginning January 1, 1950. CHESTER C. DAVIS President Press R e lea se from; Federal Reserve Bank of S t . Louis St. Louis, M issouri FOR RELEASE TO THE AFTERNOON PAPERS, TUESDAY, JANUARY 3 , 1950 The Board of Governors of the Fe de ra l Reserve Syst em has r e a p p o in te d R u s s e l l L. Dearmont, S t . Louis, as a c l a s s C D irec t o r of the Fe de ra l Reserve Bank o f St. Louis fo r a t h r e e - y e ar term and has r e d e s i g n a t e d him Chairman o f t h e Board and Fede r a 1 Rese rve Agent of the Bank fo r the y e a r 1950. Mr. Dearmont, Chi ef Couns e 1 for T r u s t e e , M i s s o u r i - p a c i f i c L in es, has se rv e d as Chai rman and F e d e ra l Reserve Agent of t h e Fe de ra l Reserve Bank o f St Louis s in c e January 1946. Mr, Wm. H. Bryce, Vice p r e s i d e n t a nd Manager of the Dixie Wax Paper Co., Memphis, T e n n ., has been re des i gnated Deputy Chairman for 1950. The fo llo w in g have been app o in ted d i r e c t o r s of the branches of th e Federal Reserve Bank of St. Louis fo r t h r e e - y e a r terms begin n in g January 1; L i t t l e Rock Branch; s t o n e w a ll J. Beauchamp, P r e s i d e n t , Terminal Warehouse company, L i t t l e Rock, A r k . , and Harvey C. Couch, J r . , Executive Vice P r e s i d e n t , Union N a tio n a l Bank, L i t t l e Rock, Ark. L o u i s v i l l e Branch; Smith Broadbent, J r . , Farmer, Cadiz, K y ., and A» C. V o r i s , P r e s i d e n t , C i t i z e n s N ational Bank, Bedford, Ind. Memphis Branch; Hugh M. B r in k le y , P l a n t e r , Hughes, A rk., and Ben L. Ross, Chairman o f th e Board, P h i l l i p s N atio n a l Bank, Helena, Ark. • The Board of D i r e c t o r s o f the Federal R eserv e Bank c o n s i s t s of nine members, s i x of whom are chosen by th e member banks and t h r e e by the Board of Governors in Washington. Each branch has seven d i r e c t o r s , four of whom are ap p o in ted by the Fe de ra l Reserve Bank and t h r e e by t h e Board of Governors.
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