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F ederal R eserv e Bank of S t . L ouis P. O. BOX 442 S t . L o u is , Mis s o u r i 6 3 1 6 6 N ovem ber 14, 1967 RESULTS O F ELECTION To the M em ber Banks of the Eighth F e d e r a l R e se r v e D istrict: The ele c tio n of d ir e c to r s of the F e d e r a l R e se r v e Bank of St. L ou is to su cceed M r. B radford B rett, C la ss A d irecto r, and M r. M ark T ow nsend, C la ss B d irecto r, w h o se te r m s end D ecem b er 31, 1967, h as b een duly held in acco rd a n ce w ith the req u irem en ts of S ection 4 of the F e d e r a l R e se r v e A ct and the p ro v isio n s of the cir c u la r issu e d by th is o ffice under date of Septem ber 22, 1967. The r e su lts of the e lectio n a re a s fo llo w s: M r. M ark T ow nsend, C hairm an of the B oard, T ow nsend L um ber C om pany, I n c ., Stuttgart, A rk an sa s, w as r e -e le c te d by m em b er banks in Group 2 a s a C la ss B d irecto r. M r. B radford B rett, P r esid e n t, The F ir s t N ational Bank of M exico, M exico, M isso u ri, w as r e -e le c te d by m em b er banks in Group 3 a s a C la ss A d ir e cto r . E ach d irecto r w as ch o sen for a term of th ree y e a r s to b egin January 1, 1968. FREDERIC M. PEIR C E C hairm an of the B oard Press Inform ation Federal Reserve Bank , of St. Louis St. Louis Missouri 63166 N ovem b er 14, 1967 FOR IM M EDIATE R EL E A SE The C hairm an of the B oard, M r. F r e d e r ic M. P e ir c e , m ade the follow in g announcem ents w ith r e sp e c t to the e lectio n of d ir e c to r s of the F e d e r a l R e se r v e Bank of St. L ou is: M ark T ow nsend, C hairm an of the B oard, T ow nsend L um ber C om pany, Inc. , Stuttgart, A rk an sa s, w as r e -e le c te d by m em b er banks in Group 2 a s a C la ss B d irecto r of the F e d e r a l R e se r v e Bank of St. L ou is for a th r e e -y e a r term beginning January 1, 1968. B radford B rett, P r esid e n t, The F ir s t N ational Bank of M exico, M exico, M isso u ri, w as r e -e le c te d by m em b er banks in Group 3 a s a C la ss A d irecto r of the F e d e r a l R e se r v e Bank of St. L ou is for a th r e e -y e a r term beginning January 1, 1968. The B oard of D ir e cto r s of the F e d e r a l R e se r v e Bank c o n sists of nine m e m b e r s, six of w hom (C la sse s A and B) a re ch osen by the m em b er banks and th ree (C la ss C) by the B oard of G overn ors in W ashington. end -