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

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F ederal R eser v e Bank
P. O. Box 442
S t . L o u is , M is s o u r i

of

S t . L ouis

63166

N ovem b er 1, 1978
RESULTS O F ELECTIO N

To the M em b er B anks of the
E ighth F e d e r a l R e se r v e D istr ic t:
The e le 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. Wm. E . W eigel, C la ss A d ir e c to r ,
and M r. T om K. Sm ith, Jr. , C la ss B d ir e c to r , w hose term s
end D ecem b er 31, 1978, has been duly h eld in a cco 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 c ir c u la r issu ed by this o ffice under date
of S ep tem b er 8, 1978.
The r e su lts of the e le c tio n are as fo llo w s:
M r. G eorge M. R y rie, P r e sid e n t and C hief E xecu tiv e
O ffic e r , F ir s t N ational Bank & T ru st C om pany, A lton , Illin o is,
w as e le c te d by m em b er banks in Group 2 as a C la ss A d ir e c to r .
M r. T om K. Sm ith, Jr. , S en ior V ice P r e sid e n t,
M onsanto C om pany, St. L o u is, M isso u ri, w as r e e le c te d by
m em b er banks in Group 1 as a C la ss B d ir e c to r .
E ach d ir e c to r w as ch o sen for a te r m of th ree y ea rs
to b egin January 1, 1979.




A R M A N D C . STALNAK ER
C hairm an of the B oard

F e d e ra l R e s e rv e B a n k
o f S t . L o u is _ _ _ _ _ _ _ _ _

News Release

St. Louis, Missouri 63166
Telephone 314/421-1700

FO R FU R T H E R INFORM ATION
CONTACT - Ruth A. B ryant
3 1 4 -4 4 4 -8 3 1 1

78-41

FO R IM M EDIATE R ELEA SE
St. L o u is, M o. (N ovem ber 1, 1978) - - G eorge M. R y rie, a bank
ex e c u tiv e fro m A lton , Illin o is, h as b een ele c te d to the board 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 o u is, and T om K. S m ith , Jr. , an e x e c u tiv e w ith the
M onsanto C om pany in St. L ou is, h as b een r e e le c te d to the b oard . The an n ou n ce­
m en ts w ere m ade today by board ch airm an A rm and C. S taln ak er.
M r. R yrie is p re sid e n t, board m em b er, and c h ie f ex ecu tiv e o ffic e r
of the F ir s t N ational Bank & T ru st C om pany of A lton . He is a lso p re sid e n t and
board m em b er of F ir s t Illin o is B a n csh a res C orp oration , ch a irm a n of the board of
M id w est In form ation P r o c e s s o r s C orp oration , and ch airm an of the board of
A irp o rt N ational Bank in B eth alto , Illin o is. He w ill be one of th ree board m em b ers
c la s s ifie d as " C la ss A" d ir e c to r s who r e p r e sen t m em b er banks in the E ighth
F e d e r a l R e se r v e D istr ic t, the d istr ic t se r v e d by the F e d e r a l R e se r v e Bank of
St. L ou is.
A n ative of St. L ouis and a 1943 H averford C o lleg e grad u ate,
M r. R yrie is a c tiv e in n um erou s c iv ic and p r o fe ssio n a l o rg a n iz a tio n s, including
the G rea ter A lton C ham ber of C o m m erce, U nited W ay, A sso c ia tio n fo r M odern
Banking in Illin ois, and M id -A m e r ic a P aym en t E xch an ge.



(m ore)

2

M r. Sm ith , a lso a St. L ouis n a tiv e, w as educated at W illia m s
C o lleg e and is p r e se n tly se n io r v ic e p re sid e n t of the M onsanto C om pany. He a lso
s e r v e s as a m em b er of that fir m 's board of d ir e c to r s and co rp o ra te a d m in istra tiv e
c o m m ittee . He h as b een a d ir e c to r of the F e d e r a l R ese r v e Bank of St. L ou is sin c e
N ov em b er, 1974. H is c iv ic and p r o fe ssio n a l a c tiv itie s includ e in v olv em en t in the
M isso u r i B otan ica l G arden, United W ay, M anufacturing C h em ists A sso c ia tio n ,
L oretto H ilton T h ea tre, Inc. , St. L ou is M unicipal O pera, and St. L ouis Sym phony
S o c iety .
M r. Sm ith is one of th ree " C lass B" d ir e c to r s w ho a re engaged in
p r o fe ssio n a l p u rsu its other than banking. Both C la ss A and C la ss B d ir e c to r s a re
e lected by m em b er banks in the R e se r v e B ank's d istr ic t. The fin a l th ree m em b ers
of the b oard, known as " C la ss C" d ir e c to r s, a re appointed by the B oard of
G overn ors of the F e d e r a l R e se r v e S y stem . M r. R yrie and M r. Sm ith w ill b egin
th eir th r e e -y e a r te r m s on January 1, 1979.
The F e d e r a l R ese r v e Bank of St. L ouis is one of 12 r e g io n a l F e d e r a l
R ese r v e D is tr ic ts and p erfo rm s reg u la to ry and su p e r v iso r y fu n ction s fo r banks in
a ll or p ortion s of se v e n s ta te s . W ith h ea d q u a rters in St. L o u is, it o p e r a tes b ranch
o ffic e s in L ittle R ock, L o u isv ille , and M em p h is.




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