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Press Information

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

FOR R E L E A S E
T h u r s d a y , D e c e m b e r 30,

1971

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
by 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 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 fo r the t h r e e - y e a r t e r m beg in n in g J a n u a r y 1,
1972, and r e d e s i g 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 gent at the bank f o r the y e a r 1972. He h as s e r v e d in t h e s e c a p a c i t i e s
s in c e M a y 1 1, 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 ife I n s u r a n c e C o m p a n y , St. L o u is , 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 u m K o P r o d u c t s , D i v i s i o 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 , h as b e e n r e a p p o in t e d by 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 bank f o r the
y e a r 1972. He h as s e r v e d in this c a p a c i t y s in c e J a n u a ry 1971 and as a D i r e c t o r
o f the bank s in c e Jan u a ry 1969. M r . C o o p e r a ls 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 J a n u a r y 1964
th rou 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.
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 h a v e b e e n m a d e b y the B o a r d o f
G overnor s :
M r . A1 P o l l a r d , P r e s i d e n t , A1 P o l l a r d & A s s o c i a t e s , L it t le 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 beg in n in g J a n u a ry 1,
1972.
M r . C. W hitney B r o w n , P r e s i d e n t , S. C. T o o f & C o m p a n y ,
M e m p h is , T e n n e s s e e , 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
J a n u a ry 1, 1972.




m ore

-

2

-

The f o llo w in g w e 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 o f St. L o u i s :
M r . W. H. K e lle y , 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 , The
State F i r s t N ational Bank o f T e x a r k a n a , T e x a r k a n a ,
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 e g in n in g J a n u a r y 1,
1972.
M r . Hugh M . Shwab, C h a ir m a n o f the B o a r d s , F i r s t N ational
Bank o f L o u i s v i l l e and The K en tu ck y T r u s t C o m p a n y ,
L o u i s v i l l e , K en tu cky, r e a p p o in t e d as a m e m b e r o f the
L ou isv ille B ran ch B oard fo r a th r e e -y e a r te r m
b e g in n in g Jan u a ry 1, 1972.
M r . W ade C. B a rto n , P r e s i d e n t , F i r s t C it iz e n s N a tion a l Bank,
T u p e lo , M i s s i s s i p p i , ap p oin ted 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 b eg in n in g
J a n u a r y 1, 1972.

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 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 ch B r a n c h h as 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 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 .




end -

F e d e r a l R e s e r v e B a n k o f S t. Lo u i s
P. 0 . B O X 4 4 2

S t . L o u is , Mis s o u r i 6 3 1 6 6

December 30, 1971

TO A LL BANKS IN THE
EIGHTH FEDERAL RESERVE DISTRICT:
The Board of Governors of the Federal Reserve System has announced the following appointments and
designations at this Bank and its Branches:
Federal Reserve Bank of St. Louis

MR. FREDERIC M. PEIRCE
Chairman and Chief Executive Officer
General American Life Insurance Company
St. Louis, Missouri

Reappointed a Class C director of the
bank for a three-year term beginning
January 1,1972, and redesignated ChairĀ­
man of the Board and Federal Reserve
Agent at the bank for the year 1972.

MR. SAM COOPER
President
HumKo Products
Division of Kraftco Corporation
Memphis, Tennessee

Reappointed Deputy Chairman of the
Board for the year 1972.

L ittle Rock Branch

MR. AL POLLARD
President
Al Pollard & Associates
L ittle Rock, Arkansas

Reappointed a director for a three-year
term beginning January 1, 1972.

Memphis Branch

MR. C. WHITNEY BROWN
President
S. C. Toof & Company
Memphis, Tennessee




Reappointed a director for a three-year
term beginning January 1, 1972.

The Board of Directors of the Federal
appointments:

Reserve Bank of St. Louis

has made the

following

L ittle Rock Branch

MR. W. H. KELLEY
President and Chief Executive Officer
The State First National Bank of Texarkana
Texarkana, Arkansas

Appointed a director for a three-year
term beginning January 1, 1972.

Louisville Branch

MR. HUGH M. SHWAB
Chairman of the Boards
First National Bank of Louisville and
The Kentucky Trust Company
Louisville, Kentucky

Reappointed a director for a three-year
term beginning January 1, 1972.

Memphis Branch

MR. WADE C. BARTON
President
First Citizens National Bank
Tupelo, Mississippi




Appointed a director for a three-year
term beginning January 1, 1972.

Yours very truly
Darryl R. Francis
President