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Press Information Federal Reserve Bank of St. Louis St. Louis, Missouri 63166 FOR IM M E D IA T E R E LE A S E August 16, 1968 A lv in Huffman, Jr. , B ly th e v ille , A rk a n sa s, has been appointed a d ir e c t o r of the M em phis Branch of the F e d e r a l R e s e r v e Bank of St. Lou is fo r the unexpired portion o f a t e r m ending D e c e m b e r 31, 1970. His appointment, e ffe c t iv e August 14, 1968, was made by the B oard of G o v e rn o rs of the F e d e r a l R e s e r v e System , and as a d ir e c t o r of the M em phis Brancn he succeeds Jam es S. W illia m s , who r e s ig n e d June 1, 1968, p r io r to m o vin g to C levelan d, Ohio, as V ic e P r e s id e n t of A m e r ic a n G re e tin g s C orporation. B orn in B ly th e v ille , A rk a n sa s, M r . Huffman attended He is P r e s id e n t of Huffman B r o th e r s L u m b e r Company in Blytheville.M r. Huffman has been a c tiv e in many c iv ic o rg a n iza tio n s in B ly th e v ille , including the Cham ber of C o m m e r c e , R o t a r y Club, and Y M C A . He is a m e m b e r of the B o a rd of T r u s te e s and Chairm an of the E x ecu tive C o m m ittee of the B oard of T r u s te e s of the B aptist H o sp ita l in M em p h is. The Branch B oards con sist of seven m e m b e r s , four of whom a r e appointed by the F e d e r a l R e s e r v e Bank of St. Lou is and th ree by the B o a rd of G o v e r n o r s in Washington, D. C. - end -- F e d e r a l R e s e r v e Ba n k of S t. Box 4 4 2 S t . L o u i s , M i s s o u r i 63166 L ouis P. O . August 16, 1968 T o A l l Banks in the Eighth F e d e r a l R e s e r v e D is tr ic t: The B oard of G o v e r n o r s of the F e d e r a l R e s e r v e System has announced the appointment, e ffe c t iv e August 14, 1968, of M r . A lv in Huffman, Jr. , B ly th e v ille , A rk a n sa s, as a d ir e c t o r of the M em phis Branch of the F e d e r a l R e s e r v e Bank of St. L ou is fo r the unexpired portion of a t e r m ending D e c e m b e r 31, 1970. M r . Huffman is P r e s id e n t of Huffman B r o th e r s L u m b er Company in B ly th e v ille . A s a d ir e c t o r of the M em phis Branch, he succeeds M r. Jam es S. W illia m s , who re s ig n e d June 1, 1968, p r io r to m ovin g to C leveland, Ohio, as V ic e P r e s id e n t of A m e r ic a n G re e tin g s C orp oration . D A R R Y L R. F R A N C IS P r e s id e n t