Full text of Federal Reserve Bank of St. Louis Circulars : Results of Election

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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 b er 12, 1968
RESULTS OF ELECTIO N
To the M em ber B anks of the
E ighth F ed era l R eserv e D istric t:
The e le c tio n of d ir e c to r s of the F ed era l R ese r v e Bank
of St. L ouis to su cceed M r. H arry F . H arrington, C la ss A
d ir e cto r , and M r. Sherw ood J. Sm ith, C la ss B d ir e cto r , w hose
te r m s end D ecem b er 31, 1968, has b een duly h eld in accord an ce
w ith the req u irem en ts of S ection 4 of the F ed era l R ese 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 Sep tem ber 20, 1968.
The r e su lts of the e lectio n a re a s fo llo w s:
M r. Jam es P . H ickok, C hairm an of the B oard, F ir s t
N ational Bank in St. L ou is, St. L ou is, M isso u ri, w as ele c te d by
m em b er banks in Group 1 as a C la ss A d ir e cto r .
M r. Sherw ood J. Sm ith, In d u stria list, E v a n sv ille ,
Indiana, w as r e -e le c te d by m em b er banks in Group 3 as a
C la ss B d ir e cto r .
E ach d ir e cto r w as ch osen for a te r m of th ree y ea r s to
b egin January 1, 1969.




FREDERIC M . PEIRCE
C hairm an of the B oard

Press Inform ation

Federal Reserve Bank o f St. Louis
St. Louis Missouri 63166

,

FO R IM M EDIATE RELEASE

N ovem b er 12, 1968

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 ed era l R ese r v e Bank of St. L ouis:
Jam es P . H ickok, C hairm an of the B oard, F ir s t N ational Bank
in St. L ou is, St. L ou is, M isso u ri, w as ele c te d by m em b er banks in
Group 1 as a C lass A d ir e cto r of the F ed era l R ese r v e Bank of St. L ouis
for a th r e e -y e a r te r m beginning January 1, 1969.
M r. H ickok ser v e d a s F ed era l A d v iso ry C ouncil M em ber from
the E ighth F ed era l R e se r v e D istr ic t for the y ea r s 1964-65. A ctive in
v ariou s state and lo c a l c iv ic o rg a n izatio n s, M r. H ickok a lso is a D irector
of the Gulf, M obile and Ohio R ailroad , St. L ouis Union T ru st C om pany,
T ra n sit C asualty Com pany, and A sso cia tio n of R ese r v e C ity B an k ers. He
attended the U n iv ersity of M isso u ri and W estm in ster C olleg e, F ulton,
M isso u ri, w here he re ce iv e d h is A. B. and L L .D . d e g r e e s, r e sp e c tiv e ly .
Sherw ood J. Sm ith, In d u stria list, E v a n sv ille , Indiana, w as
r e -e le c te d by m em b er banks in Group 3 as a C la ss B d ir e cto r of the
F ed era l R ese r v e Bank of St. L ouis for a th r e e -y e a r te r m beginning
January 1, 1969.




m ore

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M r. Sm ith has b een a d irecto r of th is bank sin ce January 1966.
E ngaged in varied b u sin e ss and c iv ic a c tiv itie s , M r. Sm ith is a D irecto r
of the H eil Quaker C orporation. He attended Ohio U n iv ersity , A th en s,
O hio, w here he r e ce iv e d h is B. S. C. d eg ree.
The B oard of D ir e cto r s of the F ed era l R ese 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 lass C) by the B oard of G overn ors in
W ashington.




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