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Fede• a, Reserve Bank of St. Louis News Release St. Louis, Missouri 63166 Telephone 314 / 421 - 1700 78-41 FOR FURTHER INFORMATION CONTACT - Ruth A. Bryant 314-444-8311 FOR IMMEDIATE RELEASE St. Louis, Mo. (November 1, 1978) -- George M. Ryrie, a bank executive from Alton, Illinois, has been elected to the board of directors of the Federal Reserve Bank of St. Louis, and Tom K. Smith, Jr . , an executive with the Monsanto Company in St. Louis, has been reelected to the board. The announce- ments were made today by board chairman Armand C. Stalnaker. Mr. Ryrie is president, board member, and chief executive officer of the First National Bank & Trust Company of Alton. He is also president and board member of First Illinois Bancshares Corporation, chairman of the board of Midwest Information Processors Corporation, and chairman of the board of Airport National Bank in Bethalto, Illinois. He will be one of three board members classified as "Class A" dire.c tors who represent member banks in the Eighth Federal Reserve District, the district served by the Federal Reserve Bank of St. Louis. A native of St. Louis and a 1943 Haverford College graduate, Mr. Ryrie is active in numerous civic and professional organizations, including the Greater Alton Chamber of Commerce, United Way, Association for Modern Banking in Illinois, and Mid-America Payment Exchange. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (more) - 2 - Mr. Smith, also a St. Louis native, was educated at Williams College and is presently senior vice president of the Monsanto Company. He also serves as a member of that firm's board of directors and corporate administrative committee. He has been a director of the Federal Reserve Bank of St. Louis since November, 1974. His civic and professional activities include involvement in the Missouri Botanical Garden, United Way, Manufacturing Chemists Association, Loretto Hilton Theatre, Inc., St. Louis Municipal Opera, and St. Louis Symphony · Society. Mr. Smith is one of three "Class B" directors who are engaged in professional pursuits other than banking. Both Class A and Class B directors are elected by member banks in the Reserve Bank's district. The final three members of the board, known as "Class C" directors, are appointed by the Board of Governors of the Federal Reserve System. Mr. Ryrie and Mr. Smith will begin their three-year terms on January 1, 1979. The Federal Reserve Bank of St. Louis is one of 12 regional Federal Reserve Districts and performs regulatory and supervisory functions for banks in all or portions of seven states. With headquarters in St. Louis, it operates branch offices in Little Rock., Louisville., and Memphis. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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