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F E D E R A L R E S E R V E B A N K O F S T. L O U IS
P. O. B O X 4 4 2

S T . L O U IS , M I S S O U R I 6 3 1 6 6

December 29, 1970

T o A ll Banks

in the

E ighth F ederal R eserve D istrict:

The Board of Governors of the Federal Reserve System has announced the following appoint'
m ents and designation at this Bank and its Branches:

Federal Reserve Bank of St. Louis
M r . F rederic M. Peirce

Chairman and Chief Executive Officer
General American Life Insurance Company
St. Louis, Missouri
M r . Sam C ooper

President
HumKo Products
Division of Kraftco Corporation
Memphis, Tennessee
M r . H arry M. Y oung , Jr .

Farmer
Herndon, Kentucky

Redesignated Chairman of the Board
and Federal Reserve Agent at the Bank
for the year 1971.

Appointed Deputy Chairman of the
Board for the year 1971.

Appointed a Class C director of the Bank
for a three-year term beginning January
1, 1971.

Little Rock Branch
M r . R oland R. R emmel

Chairman of the Board
Southland Building Products Co.
Little Rock, Arkansas

Appointed a director for a three-year
term beginning January 1, 1971.

Louisville Branch
D r . W illiam H. Stroube

College of Science and Technology
Western Kentucky University
Bowling Green, Kentucky




Appointed a director for a three-year
term beginning January 1, 1971.

Memphis Branch
M r . A lvin H uffman , Jr .

President
Huffman Brothers, Incorporated
Blytheville, Arkansas

Reappointed a director for a three-year
term beginning January 1, 1971.

The Board of Directors of the Federal Reserve Bank of St. Louis has made the following
appointments and selection:
Little Rock Branch
M r . E dward M. Penick

President and Chief Executive Officer
Worthen Bank & Trust Company
Little Rock, Arkansas

Reappointed a director for a three-year
term beginning January 1, 1971.

Louisville Branch
M r . H arold E. Jackson

President
The Scott County State Bank
Scottsburg, Indiana
M r . H erbert J. Smith

President
The American National Bank and
Trust Company of Bowling Green
Bowling Green, Kentucky

Appointed a director for a three-year
term beginning January 1, 1971.

Appointed a director, beginning January
1, 1971, for the unexpired portion of a
term ending December 31, 1972.

M em phis Branch
M r . J. J. W hite

President
Helena National Bank
Helena, Arkansas

Reappointed a director for a three-year
term beginning January 1, 1971.

Member of Federal Advisory Council
M r . A llen M organ

Chairman of the Board
The First National Bank of Memphis
Memphis, Tennessee




Reselected a member of the Federal
Advisory Council to represent the
Eighth Federal Reserve District for the
year 1971.

Yours very truly
Darryl R. Francis
President

Press Information

Federal Reserve Bank of St. Louis
St. Louis, Missouri 63166

FOR RELEASE
T u e s d a y , D e c e m b e r 29, 1970

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 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 o f the F e d e r a l R e s e r v e S y s t e m 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 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 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 1971. He has s e r v e d in t h e s e c a p a c it ie s
and as a D i r e c t o r o f the bank s in c e M a y 11, 1966. M r . P e i r c e is C h a ir m a n and
C h ie f E x e c u t iv e O f f i c e r o f the G e n e r a l A m e r i c a n L if e I n s u r a n c e C o m p a n y ,
St. L o u i s , M i s s o u r i .
M r . S am C o o p e r , P r e s i d e n t , H um K o P r o d u c t s , D i v is io n o f K r a f t c o
C o r p o r a t i o n , M e m p h is , T e n n e s s e e , has b e e n a p p oin ted 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 1971. He has s e r v e d as a D i r e c t o r o f the ban k s in c e Jan u a ry 1969.
M r . C o o p e r a l s o 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 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 Jan u a ry 1964 th r o u g h D e c e m b e r 1968 and as
C h a ir m a n o f the M e m p h is B o a r d 1965 and 1968.
M r . H a r r y M . Y ou n g, J r . , F a r m e r , H e rn d o n , K en tu ck y, has b e e n
a p 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 f o r a t h r e e - y e a r t e r m b eg in n in g J an u ary 1, 1971. He has s e r v e d
as a D i r e c t o r o f 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 J a n u a ry 1968 th rou gh D e c e m b e r 1970 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 1969 and 1970.
The f o llo w in g a p p o in tm e n ts 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 Bank o f St. L o u is h a v e b e e n m a d e b y the B o a r d o f
G overnors:




M r . R o la n d R. R e m m e l , C h a ir m a n o f the B o a r d , Southland
B u ild in g P r o d u c t s C o. , 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 J a n u a ry 1, 1971.
D r . W i llia m H. S tr o u b e , C o lle g e o f S c ie n c e and T e c h n o lo g y ,
W e s t e r n K en tu ck y U n iv e r s it y , B o w lin g G r e e n ,
K en tu ck y, a p p o in te d 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 e g in n in g
J a n u a ry 1, 1971.

- m ore

- Z -

M r , A lv in H uffm an, J r . , P r e s i d e n t , H uffm an B r o t h e r s ,
I n c o r p o r a t e d , B ly t h e v ille , 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 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 u ary 1, 1971.

The fo 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 B ank o f St. L o u i s :
M r . E d w a r d M . P e n i c k , P r e s i d e n t and C h ie f E x e c u t iv e
O f f i c e r , W o r th e n Bank & T r u s t C o m p a n y , L ittle
R o c k , 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 e g in n in g Jan u a ry 1, 1971.
M r . H a r o ld E . J a c k s o n , P r e s i d e n t , The S cott County
State Bank, S c o t t s b u r g , Indiana, a p p o in te d 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 Jan u a ry 1, 1971.
M r . H e r b e r t J. Sm ith, P r e s i d e n t , The A m e r i c a n
N ation al Bank and T r u s t C o m p a n y o f B o w lin g
G r e e n , B o w lin g G r e e n , K en tu ck y, a p p o in te d 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 ,
b e g in n in g J a n u a ry 1, 1971, f o r the u n e x p ir e d
p o r t i o n o f a t e r m ending D e c e m b e r 31, 1972.
M r . J. J. W hite, P r e s i d e n t , H elen a N ation al Bank,
H e le n a , 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 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 e g in n in g Jan u a ry 1, 1971.

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 o f nine
m e m b e r s , s ix o f w h o m a r e c h o s e n b y the m e m b e r ba n k s 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 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 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
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 . A l l e n M o r g a n 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 E ighth F e d e r a l R e s e r v e D i s t r i c t f o r the y e a r 1971. M r . M o r g a n
is C h a ir m a n o f the B o a r d , The F i r s t N ational Bank o f M e m p h is , M e m p h is ,
Tennessee.




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