Full text of Federal Reserve Bank of St. Louis Circulars : Press Release (Official Announcement) : [Appointment of Darryl R. Francis]

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

\Federal R eserve

B an k o f St. L o u is
P r e s s R e l e a s e (O ffic ia l A n n ou n cem en t)

F o r Im m e d ia te R e le a s e
N o v e m b e r 12, 1959

D a r r y l R . F r a n c i s h a s b e e n n a m e d F i r s t V i c e P r e s i d e n t o f th e
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 , e f f e c t i v e D e c e m b e r 1, 1959*

The

a p p o i n t m e n t w a s m a d e b y t h e B o a r d o f D i r e c t o r s o f th e ban k a n d a p p r o v e d
by th e B o a r d o f G o v e r n o r s o f th e F e d e r a l R e s e r v e S y s te m .
M r . F r a n c i s h a s b e e n a v i c e p r e s i d e n t o f th e ban k s i n c e N o v e m b e r
1 9 5 3 a n d i n t h a t o f f i c i a l p o s i t i o n a s s u m e d d u t i e s a s m a n a g e r o f th e M e m p h is
B r a n c h o f th e 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 i n J a n u a r y 1 9 5 4 .

He w as

p r e v i o u s l y a s s o c i a t e d w it h th e b a n k a s a g r i c u l t u r a l e c o n o m i s t , a p o s i t i o n h e
h e l d i n th e S t . L o u i s o f f i c e f r o m A u g u s t 1 9 4 4 u n t i l A p r i l 1 9 4 9 .

D u r in g th e

i n t e r v e n i n g y e a r s M r . F r a n c i s w a s e n g a g e d i n c o m m e r c i a l b a n k in g , a s a
V i c e P r e s i d e n t o f th e N a t i o n a l B a n k o f C o m m e r c e , M e m p h i s , T e n n e s s e e ,
a n d l a t e r a s a V i c e P r e s i d e n t o f B o a t m e n ^ N a t i o n a l B a n k o f S t. L o u i s .
M r . F r a n c is i s a n a tiv e o f R id g e w a y , M is s o u r i, and a gradu ate of
the U n iv e r s it y o f M is s o u r i, w h e r e h e r e c e i v e d h is B . S . d e g r e e in A g r ic u ltu r e .
F o r t h r e e y e a r s h e w a s a R e s e a r c h A s s i s t a n t i n th e U n i v e r s i t y * s D e p a r t m e n t
of A g r ic u ltu r a l E c o n o m ic s.

In 1 9 5 6 , h e s e r v e d a s a m e m b e r o f a F e d e r a l

R e s e r v e m i s s i o n s e n t to a s s i s t th e C h i e f o f S t a t e o f H o n d u r a s i n m a t t e r s
p e r t a i n i n g to th e C e n t r a l B a n k a n d t h e N a t i o n a l D e v e l o p m e n t B a n k o f th a t
country.