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Press Information Federal Reserve Bank of St. Louis St. Louis , Missouri 63166 FOR R E LE A SE F r id a y , D e c e m b e r 29, 1967 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 1968. He has s e r v e d in t h e s e c a p a c i t i e 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 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 if e In s u r a n c e C om p a n y , St. L o u is , M i s s o u r i . M r . Smith D. B r o a d b e n t, J r . , C a d iz , K en tu ck y, has b e e n r e a p p o in t e d 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 the t h r e e - y e a r t e r m b eg in n in g J a n u a r y 1, 1968 and a s 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 bank f o r the y e a r 1968. He has s e r v e d in th e s e c a p a c i t i e s s in c e Jan uary 1965, and a s 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 June 1948 th rou gh D e c e m b e r 1955. M r . B r o a d b e n t is o w n e r o f the B r o a d b e n t H y b r id S eed Co. , C a d iz, K en tu ck y. The fo llo w in g a p p oin tm en 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 have b e e n m a d e b y the B o a r d o f G overnors: M r . R e e v e s E. R it c h ie , P r e s i d e n t , A r k a n s a s P o w e r & L ig h t C om p an 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 eg in n in g Jan u a ry 1, 1968. M r . H a r r y M. Young, Jr. , F a r m e r , H ern d on , K entucky, 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 J a n u a r y 1, 1968. M r . J a m e s S. W illia m s , A s s i s t a n t V i c e P r e s i d e n t , A m e r i c a n G r e e t in g s C o r p o r a t io n , O s c e o l a , A r k a n s a s , r e a p p o in t e d a s 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 J a n u a ry 1, 1968. m ore - 2 - A p p o in t e d b y the B o a r d of 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 . E d w a r d M. P e n ic 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 orth en Bank & T r u s t C o m p a n y , L it t le R o c k , A r k a n s a s , w a s ap p oin ted as a m e m b e r o f the L it t le 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 J a n u a r y 1, 1968. M r . J. E. M i l l e r , E x e c u t iv e V i c e P r e s i d e n t , S e l l e r s b u r g State Bank, S e l l e r s b u r g , Indiana, w a s r e a p p o in t e 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 J a n u a r y 1, 1968. M r . J. J. W hite, P r e s i d e n t , H elen a N ation al Bank, H elena, A r k a n s a s , w a s a p p o in te 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 J a n u a r y 1, 1968. 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 om a r e c h o s e n b y the m e m b e r ban ks 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 ashington. 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 , fo 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 . - end - FEDERAL RESERVE BANK OF ST. LOUIS P . O . BOX 442 S T . L O U IS , M I S S O U R I 63166 December 29, 1967 To all B anks in the E ighth Federal R eserve D istrict: The Board of Governors of the Federal Reserve System has announced the following appoint ments and designation at this Bank and its Branches: Federal Reserve Bank of St. Louis M r . F rederic M. Peirce President General American Life Insurance Company St. Louis, Missouri Redesignated Chairman of the Board and Federal Reserve Agent at the bank for the year 1968. M r . Smith D. B roadbent , Jr. Reappointed a Class C director of the bank for a three-year term beginning January 1, 1968 and Deputy Chairman of the Board for the year 1968. Broadbent Hybrid Seed Co. Cadiz, Kentucky Little Rock Branch M r . R eeves E. R itchie President Arkansas Power & Light Company Little Rock, Arkansas Reappointed a director for a three-year term beginning January 1, 1968. Louisville Branch M r. H arry M. Y oung , Jr. Farmer Herndon, Kentucky Appointed a director for a three-year term beginning January 1, 1968. Memphis Branch M r. James S. W illiams Assistant Vice President American Greetings Corporation Osceola, Arkansas Reappointed a director for a three-year term beginning January 1, 1968. The Board of Directors of the Federal Reserve Bank of St. Louis has made the following appoint ments : Little Rock Branch M r . E dward M. Pexick President and Chief Executive Officer Worthen Bank & Trust Company Little Rock, Arkansas Appointed a director for a three-year term beginning January 1, 1968. Louisville Branch M r . J. E. M iller Executive Vice President Sellersburg State Bank Sellersburg, Indiana Reappointed a director for a three-year term beginning January 1, 1968. Memphis Branch M r . J. J. W hite President Helena National Bank Helena, Arkansas Appointed a director for a three-year term beginning January 1, 1968. Yours very truly Darryl R. Francis President
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