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FEDERAL RESERVE BANK OF ST. LOUIS P . O . B O X 442 S T . L O U IS , M I S S O U R I 63166 December 30, 1968 To all Banks in the Eighth Federal Reserve D istrict: The Board of Governors of the Federal Reserve System has announced the following appoint m ents and designations at this Bank and its Branches: Federal Reserve Bank of St. Louis M r . Frederic M. Peirce President General American Life Insurance Company St. Louis, Missouri Reappointed a Class C director of the bank for a three-year term beginning January 1, 1969, and redesignated Chairman of the Board and Federal Reserve Agent at the bank for the year 1969. M r. Smith D. Broadbent, Jr. Owner Broadbent Hybrid Seed Co. Cadiz, Kentucky Redesignated Deputy Chairman of the Board for the year 1969. M r. Sam Cooper President HumKo Products Division National Dairy Products Corporation Memphis, Tennessee Appointed a Class C director of the bank, beginning January 1, 1969, for the unexpired portion of a term ending December 31, 1969. Little Rock Branch M r. A l Pollard President Brooks-Pollard Company Little Rock, Arkansas Appointed a director for a three-year term beginning January 1, 1969. Louisville Branch M r. John G. Beam President Thomas Industries Inc. Louisville, Kentucky Appointed a director, beginning January 1, 1969, for the unexpired portion of a term ending December 31, 1969. D r . Ronald E. Reitmeier President Catalysts and Chemicals Inc. Louisville, Kentucky Appointed a director for a three-year term beginning January 1, 1969. Memphis Branch M r . C. W hitney Brown President S. C. Toof & Company Memphis, Tennessee Appointed a director for a three-year term beginning January 1, 1969. The Board of Directors of the Federal Reserve Bank of St. Louis has made the following appoint m ents and selection: Little Rock Branch M r. Louis E. H urley President The Exchange Bank & Trust Company El Dorado, Arkansas Reappointed a director for a three-year term beginning January 1, 1969. Louisville Branch M r. H ugh M. Shwab Executive Vice President First National Bank of Louisville Louisville, Kentucky Appointed a director for a three-year term beginning January 1, 1969. M em phis Branch Mr. Wade W. Hollowed President The First National Bank of Greenville Greenville, Mississippi Reappointed a director for a three-year term beginning January 1, 1969. M em ber of Federal Advisory Council M r. John Fox Chairman of the Board Mercantile Trust Company National Association St. Louis, Missouri Reselected a member of the Federal Advisory Council to represent the Eighth Federal Reserve District for the year 1969. Yours very truly Darryl R. Francis President Press Information FOR RELEASE M o n d a y , D e c e m b e r 30, Federal Reserve Bank o f St. Louis St. Louis, M isso u ri 63166 1968 M r . F r e d e r i c M. P e i r c e o f St. L o u is , M i s s o u r i , has b e e n r e a p p o in t e d a D i r e c t o r o f the F e d e r a l R e s e r v e Bank of St. L o u is f o r the t h r e e - y e a r t e r m beg in n in g January 1, 1969, and r e d e s ig n a t e d as C h a ir m a n o f the B o a r d o f D i r e c t o r s and F e d e r a l R e s e r v e A g e n t at the bank f o r the y e a r 1969. He has s e r v e d in th es e c a p a c it ie s s in c e M a y 11, 1966. M r . P e i r c e is P r e s i d e n t and a m e m b e r o f the B o a r d o f D i r e c t o r s o f the G e n e r a l A m e r i c a n L ife I n s u r a n c e C o m p a n y , St. L o u is , M isso u ri. M r . Sm ith D. B r o a d b e n t , Jr. , C a d iz , K en tu ck y, has b e e n r e d e s ig n a t e d b y the B o a r d o f G o v e r n o r s as D eputy C h a ir m a n o f the B o a r d o f D i r e c t o r s o f the ban k f o r the y e a r 1969- He has s e r v e d in this c a p a c it y and as a D i r e c t o r o f the ban k s in c e Jan uary 1965. M r . B r o a d b e n t a l s o s e r v e d as a D i r e c t o r of the L o u i s v i l l e B r a n c h o f the F e d e r a l R e s e r v e Bank o f St. L o u is f r o m June 1948 th rou gh D e c e m b e r 1955, and as C h a ir m a n o f the L o u i s v i l l e B o a r d f r o m 1953 th rou gh 1955. He is o w n er o f the B r o a d b e n t H y b r id Seed Co. , C a d iz , K en tu cky. M r . S am C o o p e r , P r e s id e n t , H um K o P r o d u c t s D iv is io n , N a tion a l D a i r y P r o d u c t s C o r p o r a t io n , M e m p h is , T e n n e s s e e , has b e e n ap p oin ted b y the B o a r d o f G o v e r n o r s as a D i r e c t o r o f the F e d e r a l R e s e r v e Bank o f St. L o u is , b e g in n in g January 1, 1969, f o r the u n e x p ir e d p o r t io n o f a t e r m ending D e c e m b e r 31, 1969° M r . C o o p e r s e r v e d as a D i r e c t o r o f the M e m p h is B r a n c h of the bank s in c e January 1, 1964, and as C h a ir m a n o f the M e m p h is B o a r d in 1965 and 1968. T h e f o l l o w i n g a p p o i n t m e n t s to the B o a r d s o f D i r e c t o r s o f the B r a n c h e s o f the F e d e r a l R e s e r v e B a n k o f St. L o u i s h a v e b e e n m a d e b y the B o a r d o f G o v e r n o r s : M r . A1 P o l l a r d , P r e s id e n t , B r o o k s - P o l l a r d C o m p a n y , L ittle R o c k , A r k a n s a s , ap p oin ted as a m e m b e r o f the L ittle R o c k B r a n c h B o a r d f o r a t h r e e - y e a r t e r m b eg in n in g Jan uary 1, 1969. M r. John G. B e a m , P r e s id e n t , T h o m a s I n d u s t r ie s Inc. , L o u i s v i l l e , K entucky, ap p oin ted as a m e m b e r o f the L o u i s v ille B r a n ch B o a r d , beg in n in g Jan uary 1, 1969, f o r the u n e x p ir e d p o r t io n o f a t e r m ending D e c e m b e r 31, 1969. D r , R on ald E. R e i t m e i e r , P r e s id e n t , C a ta ly s ts and C h e m i c a l s , I n c . , L o u i s v i l l e , K entucky, app ointed as a m e m b e r o f the L o u i s v i l l e B r a n c h B o a r d f o r a t h r e e - y e a r t e r m b eg in n in g January 1, 1969* m ore - M r. 2 - C. W hitney B r o w n , P r e s i d e n t , S. C. T o o f and C o m p a n y , M e m p h is , T e n n e s s e e , ap p oin ted as a m e m b e r o f the M e m p h is B r a n c h B o a r d f o r a t h r e e - y e a r t e r m b eg in n in g Jan uary 1, 1969- Th e f o llo w in g w e r e a p p oin ted b y the B o a r d o f D i r e c t o r s o f the F e d e r a l R e s e r v e Bank o f St. L o u is : M r . L o u is E. H u r le y , P r e s i d e n t , The E x c h a n g e Bank & T r u s t C om p a n y , E l D o r a d o , A r k a n s a s , r e a p p o in t e d as a m e m b e r o f the L ittle R o c k B r a n c h B o a r d f o r a t h r e e y e a r t e r m b eg in n in g Jan uary 1, 1969M r . Hugh M . Shwab, E x e c u t iv e V ic e P r e s i d e n t , F i r s t N ational Bank o f L o u i s v i l l e , L o u i s v i l l e , K en tu ck y, ap p oin ted as a m e m b e r o f the L o u i s v i l l e B r a n c h B o a r d f o r a t h r e e y e a r t e r m b eg in n in g January 1, 1969. M r . Wade W. H o llo w e ll, P r e s i d e n t , The F i r s t N ational Bank o f G r e e n v i l l e , G r e e n v i l l e , M i s s i s s i p p i , r e a p p o in t e d as a m e m b e r o f the M e m p h is B r a n c h B o a r d f o r a t h r e e - y e a r t e r m beg in n in g January 1, 1969. The B o a r d o f D i r e c t o r s o f the F e d e r a l R e s e r v e Bank c o n s i s t s of nine m e m b e r s , s ix of w h o m a r e c h o s e n b y the m e m b e r banks and th r e e b y the B o a r d o f G o v e r n o r s in W ash in g ton . E a c h B r a n c h has s e v e n D i r e c t o r s , f o u r o f w h o m a r e ap p oin ted b y the B o a r d o f D i r e c t o r s o f the F e d e r a l R e s e r v e Bank and t h r e e b y the B o a r d o f G o v e r n o r s . The B o a r d o f D i r e c t o r s o f the F e d e r a l R e s e r v e Bank o f St. L o u is has r e s e l e c t e d M r . John F o x as a m e m b e r o f the F e d e r a l A d v i s o r y C o u n c il to r e p r e s e n t the Eighth F e d e r a l R e s e r v e D i s t r i c t fo r the y e a r 1969. M r . F o x is C h a ir m a n o f the B o a r d , M e r c a n t i l e T r u s t C o m p a n y N ation al A s s o c i a t i o n , St. L o u is , M i s s o u r i . - end -
@FedFRASER