Full text of Federal Reserve Bank of St. Louis Circulars : Press Release

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Press R e l e a s e from:
Federal R e s e r v e B a n k of St.
rRANSFFR
Louis, Miss o u r i
FOR

RELEASE WEDNESDAY,

LIBRARY OF THE

Louis

DECEMBER

IESERVE B 'K ' >r
24,

1952

The B o a r d o f G o v e r n o r s of t h e F e d e r a l R e s e r v e S y s t e m has
r e a p p o i n t e d R u s s e l l L. D e a r m o n t , S t . L o u i s , as a C l a s s C d i r e c t o r
on t h e 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 a n k o f St . L o u i s
f o r a t h r e e - y e a r t e r m b e g i n n i n g J a n u a r y 1, 1 9 5 3 , a n d h a s r e d e s i g n a t e d
h i m as C h a i r m a n o f t h e B o a r d a n d F e d e r a l R e s e r v e A g e n t o f t h e B a n k
for t h e y e a r 1 9 5 3 .
M r . D e a r m o n t , C h i e f C o u n s e l for T r u s t e e ,
M i s s o u r i - P a c i f i c L i n e s , h a s s e r v e d as C h a i r m a n a n d F e d e r a l R e s e r v e
A g e n t of the F e d e r a l R e s e r v e B a n k o f St. Louis s i n c e J a n u a r y 1946.
M r . W m . H. B r y c e , V i c e P r e s i d e n t a n d M a n a g e r o f the D i x i e W a x P a p e r
Company, M e m p h i s , T e n n e s s e e , has b e e n r e d e s i g n a t e d D e p u t y C h a i r m a n
for 1 9 5 3 .
The f o l l o w i n g a p p o i n t m e n t s
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
Appointed

by

to the B o a r d s o f D i r e c t o r s o f the
B a n k of St. Louis have been m a de;

the B o a r d o f G o v e r n o r s , W a s h i n g t o n ,

D. C . :

M r . S t o n e w a l l J. B e a u c h a m p , P r e s i d e n t , T e r m i n a l W a r e h o u s e
C o m p a n y , L i t t l e R o c k , A r k . , r e a p p o i n t e d as a m e m b e r o f
the L i t t l e 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 i n n i n g J a n u a r y 1, 1 9 5 3 .
Mr. S m i t h B r o a d b e n t , Jr., Farmer, C a d i z , Ky., r e a p p o i n t e d
as a m e m b e r o f t h e L o u i s v i l l e B r a n c h E o a r d fo r a t h r e e y e a r t e r m b e g i n n i n g J a n u a r y 1, 1 9 5 3 V

Mr. H en ry B a n k s , F a r m e r , C l a r k e d a l e , A r k . , a p p o i n t e d as a
member o f t h e Memphis B ra n c h B o ard f o r a t h r e e - y e a r te r m
b e g i n n i n g J a n u a r y 1, 1 9 53.
A p p o i n t e d b y the
of S i . l o u t s ;

Board

of D i r e ctors

of

the F e d e r a l

Reserve Bank

Mr e H a r v e y C, C o u c h , Jr., P r e s i d e n t , U n i o n N a t i o n a l B a n k ,
L i t t l e R o c k , A r k . , r e a p p o i n t e d as a m e m b e r o f th e L i t t l e
R o c k B r a n c h B o a r d for a t h r e e - y e a r t e r m b e g i n n i n g
J a n u a r y I, 1 9 5 3 .
M r . M a g n u s J. K r e i s l e , P r e s i d e n t , T e l l C i t y N a t i o n a l B a n k ,
T e l l C i t y , I n d . , a p p o i n t e d a s a m e m b e r o f the L o u i s v l 1 le
B r a n c h B o a r d for a t h r e e - y e a r t e r m b e g i n n i n g J a n u a r y 1.

T953.
M r . B e n L. R o s s , C h a i r m a n o f t h e B o a r d o f t h e P h i l l i p s
N a t i o n a l B a n k , H e l e n a , A r k . , r e a p p o i n t e d as a m e m b e r o f
M e m p h i s B r a n c h B o a r d for a t h r e e - y e a r t e r m b e g i n n i n g
J a n u a r y 1, 1 9 5 3 .




-more-

Press Release
Federal Reserve

Page
Bank

of St.

Z%

Louis

T h e B o a r d o f D i r e c t o r s o f th e F e d e r a l R e s e r v e B a n k c o n s i s t s
o f n i n e m e m b e r s , s i x of w h o m a r e c h o s e n b y the m e m b e r b a n k s a n d
t h r e e b y t h e B o a r d o f G o v e r n o r s in W a s h i n g t o n .
£ach b r a n c h has
s e v e n directors, f o u r of w h o m are a p p o i n t e d by the Federal R e s e r v e
B a n k and three b y the B o a r d of G o v e r n o r s *
T he B o a r d of D i r e c t o r s of the 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 i s
h a s a l s o r e a p p o i n t e d M r . V a n c e J. A l e x a n d e r 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 i l to r e p r e s e n t t h e E i g h t h F e d e r a l R e s e r v e
D i s t r i c t for the year 1953.
M r . A l e x a n d e r is C h a i r m a n o f t h e B o a r d
o f the U n i o n P l a n t e r s N a t i o n a l B a n k , M e m p h i s , T e n n e s s e e .




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