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Fe d e r a l R e s e r v e B a n k
P. O. B o x 442
S t . L o u i s , Mi s s o u r i

of

S t. L o u i s

63166

D ecem b er 20,

1963

R E S U L T S O F S P E C IA L E L E C T IO N
O F C L A S S B D IR E C T O R

T o the M em b er Banks o f the
E ighth F e d e r a l R e s e r v e D is tric t:

The s p e c ia l e le c tio n o f a C la ss B D ir e c to r o f the F e d e r a l
R e s e r v e Bank o f St. L o u is has been duly held in a c c o rd a n c e w ith the
re q u ire m e n 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 r o v i ­
sions of the c ir c u la r issu ed by this o ffic e under date o f N o v e m b e r 1,
1963.
M r. M ark Tow nsend, Stuttgart, A rk a n s a s , w as e le c te d by
the m e m b e r banks in Group 2 as a C la s s B D ir e c to r o f the F e d e r a l
R e s e r v e Bank o f St. L o u is and w ill s e r v e fo r the re m a in d e r of the
te r m e x p irin g D ecem b er 31, 1964. M r. Tow nsend is C h airm an o f the
B oard, Tow nsend L u m b er Com pany, Inc. , Stuttgart, A rk a n sa s.




RAYM OND REBSAM EN
C h airm an o f the B oard

F e d e r a l R e s e r v e Bank o f St. L o u is
P r e s s R e le a s e (O ffic ia l Announcem ent)

F o r im m e d ia te r e le a s e
D e c e m b e r 20, 1963

The C hairm an o f the B oard, M r. R aym ond R eb sam en , announced
that in the s p e c ia l e le c tio n w hich ended today, M r. M a rk Tow nsend,
Stuttgart, A rk a n s a s , w as e le c te d a D ir e c to r o f the F e d e r a l R e s e r v e Bank
o f St. L o u is and w ill s e r v e fo r the re m a in d e r o f the te r m e x p irin g
D e c e m b e r 31,

1964.

M r. Tow nsend attended the U n iv e r s ity o f

He is
C h airm an o f the B oard, Tow nsend L u m b er Com pany, Inc. , Stuttgart,
A rk a n s a s ;

P re s id e n t, T o w n sen d -C u rtn er L u m b er Com pany, N ew p o rt,

A rk a n s a s ;

and V ic e P r e s id e n t, T o w n s e n d -R o b e rts o n L u m b er Com pany,

M em p h is, T e n n e s s e e .

In addition to h is v a r ie d bu sin ess a c tiv itie s ,

M r. Tow nsend c u rre n tly is P r e s id e n t o f the N a tio n a l L u m b er
M an u fa ctu rers A s s o c ia tio n , W ashington, D. C.
Th e F e d e r a l R e s e r v e Bank has nine D ir e c to r s , th re e o f w hom
a r e appointed by the B oard o f G o v e rn o rs in W ashington, D. C. and s ix
chosen by the m em b er banks.




- end -


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102