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F e d e r a l R e s e r v e Ba n k S t. L o u is of P. O. B o x 4 4 2 S t . L o u i s 6 6 , Mi s s o u r i D ecem ber 15, I960 T o A l l Banks in the Eighth F e d e ra l R e s e rv e D istrict: M r. N o rfle e t T u rn er, Chairm an o f the Board, The F ir s t N ational Bank of M em phis, M em phis, Ten n essee, has again been s ele cted by the B oa rd o f D ire c to rs of the F e d e ra l R e s e rv e Bank o f St. Louis as a m em b er o f the F e d e ra l A d v is o ry Council o f the F e d e ra l R e s e rv e System and w ill s e rv e as such during the y e a r 1961. DELOS C. JOHNS P re s id e n t F e d e r a l R e s e r v e Ba n k of S t. L o u i s P. O. BO X 4 4 2 S t . L o u i s 6 6 , Mi s s o u r i N o vem b er 15, I960 R E S U L TS O F E L E C T IO N T o M em b er Banks o f the Eighth F e d e ra l R e s e r v e D istrict: The election o f d ire c to rs to succeed M r . H. L e e C ooper, C lass A d ire c to r, and M r. L e o J. W ieck, C lass B d ire c to r, whose te rm s e x p ire D ecem b er 31, I960, has been duly held in accordan ce with the requ irem en ts o f Section 4 of the F e d e r a l R e s e r v e A c t and the p ro visio n s o f the c irc u la r issu ed by this o ffic e under date of Septem ber 23, I960. Th e resu lts o f the electio n a re as fo llo w s: M r . H. L e e C ooper, P re s id e n t, Ohio V a lle y N ational Bank of H enderson, H enderson, Kentucky, was r e - e le c t e d by banks in Group 2 as a C lass A d ir e c to r . M r . E dgar Monsanto Queeny, Chairm an of the Finance C o m m itte e and m em b er o f the B oa rd o f D ire c to rs , Monsanto C h em ical Company, St. Lou is, M iss o u ri, was elec te d by banks in Group 1 as a C lass B d ire c to r. Each d ire c to r was chosen fo r a te rm o f th ree y e a rs to begin January 1, 1961. P IE R R E B. M cB R ID E C hairm an o f the B o a rd