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

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

F e d e r a l R e s e r v e Ba n k

of

S t. L o u is

P. O. B ox -442
S t . L o u i s 6 6 , Mi s s o u r i

N ovem ber 14, 1961

RESU LTS OF E L E C T IO N

T o M em ber Banks
o f the Eighth F e d e ra l R e s e rv e D istrict:
The election of d ire c to rs to succeed M r. A rth u r W e rre , J r .,
C lass A d irecto r, and M r. S. J. Beauchamp, Jr. , C lass B d irecto r,
whose term s exp ire D ecem ber 31, 1961, has been duly held in a c c o rd ­
ance with the requ irem ents o f Section 4 o f the F e d e ra l R e s e rv e A c t and
the provision s of the c irc u la r issued by this o ffic e under date of
Septem ber 22, 1961.
The resu lts of the election a re as fo llow s:
M r. A rth ur W e rre , J r ., Execu tive V ic e P resid en t, F ir s t National
Bank o f S te e le v ille , S te e le v ille , Illin o is , was r e - e le c te d by banks in
Group 3 as a Class A d ire c to r.
M r. Raymond Rebsamen, Chairm an o f the Board, Rebsam en & East,
In c ., L ittle Rock, Arkansas, was elected by banks in Group 2 as a C lass B
d ire c to r.
Each d irecto r was chosen fo r a term o f th ree y e a rs to begin
January 1, 1962.




P IE R R E B. M cB R ID E
Chairm an o f the B oard

F o r im m ediate re le a s e
N ovem b er 14, 1961

F e d e ra l R e s e rv e Bank of St. Louis
P r e s s R elease (O ffic ia l Announcement)

A cco rd in g to announcement of M r. P ie r r e B. M cB rid e, Chairm an of the Board,
the results of the election o f a Class A and a Class B d ire c to r o f the F e d e ra l R e s e rv e
Bank of St. Louis, which ended today, a re as follow s:
M r. Arthur W e rre , J r ., Execu tive V ic e P resid en t, F ir s t N ational Bank o f
S te e le v ille , S te e le v ille , Illin o is , was r e - e le c te d by m em ber banks in Group 3 as a
Class A d irecto r of the F e d e ra l R e s e rv e Bank o f St. Louis fo r a th re e -y e a r te rm
beginning January 1, 1962.
1959.

He has been servin g as a C lass A d ire c to r since January

M r. W e rre , a native of S te e le v ille , Illin o is , becam e a ssocia ted with his bank

in 1934.

In addition to his banking in terests, M r. W e rr e is an o ffic e r and d ir e c to r of

the A m erica n D evice Manufacturing Company, in S te e le v ille .
M r. Raymond Rebsamen, Chairm an of the Board, Rebsam en & East, I n c . ,
L ittle Rock, A rkansas, was elected by m em ber banks in Group 2 as a C lass B d ire c to r
of the F e d e ra l R e s e rv e Bank of St. Louis fo r a th r e e -y e a r te rm beginning January 1,
1962.

In addition to his a ffilia tio n with Rebsam en & East, In c ., which he orga n ized

in 1928, M r. Rebsam en founded and holds chairm anships in Rebsam en M otor Company
and Rebsam en Foundation.

He has variou s other business in terests and is a d ire c to r

of the Arkansas Louisiana Gas Company.

M r. Rebsam en attended the U n iversity of

A rkansas, and in I960 re c e iv e d the Distinguished Alumnus Citation fro m the U n iversity.
Throughout the y e a rs he has p a rticip ated a c tiv e ly in the a ffa irs o f c iv ic , charitable,
and educational organizations in the community.
The F e d e ra l R e s e rv e Bank has nine d ire c to rs ;

th ree, designated Class C, a re

appointed by the B oard of G overn ors in Washington, and six, C lasses A and B, a re
chosen by the m em ber banks.



end -