Full text of Federal Reserve Bank of St. Louis Circulars : Statement for the Press

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FEDERAL RESERVE BANK OF ST. LOUIS

Statement for the Press
Released for publication in morning papers of
Thursday, January 2, 19k7•

The Board of Governors of the Federal Reserve System has
reappointed Russell L, Dearmont, St. Louis, as a Class C
director and redesignated him Chairman of the Board and Federal
Reserve Agent of the Federal Reserve Bank of St, Louis.
Douglas 17. Brooks, of Memphis, Tenn,, has been redesignated
Deputy Chairman.
The following have been appointed directors of the branches
of the Federal Reserve Banks
Little Rock Branch: Ralph E, Plunkett, President, PlunkettJarrell Wholesale Grocer Co., Little Rock, and Siimet Morris,
Chairman of the Board, W. B. Uorthen Co., Bankers, Little Rock,
Ark.
Louisville Branch: Rosco Stone, farmer, Hickman, Ky., and
A. C. Voris, President, Citizens National Bank, Bedford, Ind.
Memphis Branch: Hugh M. Brinkley, farmer, Hughes, Ark., and
17. 17. 'Campbell, President, National Bank of Eastern Arkansas,
Forrest City, Ark.
The Board of Directors of the Federal Reserve Banic consists
of nine members, six of whom are chosen by the member banks and
three by the Board of Governors in Washington. Each branch has
seven directors, four of whom are appointed by the Federal
Reserve Banic and three by the Board of Governors.